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4.0

based on 4.5k Reviews

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Bajaj Allianz Life Insurance Insurance Manager salaries in Mumbai

Annual salary range
1 - 7 years exp.
₹3.1 Lakhs - ₹6 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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10% more than the average Insurance Manager Salary in Insurance Companies for 1 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Insurance Manager Salary
7 years exp. (AmbitionBox Estimate)
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₹3.4 L/yr - ₹6 L/yr

Finance & Accounting
Insurance Manager Salary
1 year exp. (AmbitionBox Estimate)
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₹3.1 L/yr - ₹4.4 L/yr

Sales & Business Development
Insurance Manager Salary
2 years exp. (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.3 L/yr

Last Updated: 8 Nov 2024

Companies similar to Bajaj Allianz Life Insurance for Insurance Manager in Mumbai

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Bajaj Allianz Life Insurance Insurance Manager Salary

1 - 7 years exp. (3 salaries)

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₹3.1 L/yr - ₹6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Insurance Manager Salary

1 - 5 years exp. (6 salaries)

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₹2.7 L/yr - ₹5.5 L/yr

arrow icon 12% less
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Max Life Insurance Insurance Manager Salary

0 - 7 years exp. (4 salaries)

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₹3 L/yr - ₹4 L/yr

arrow icon 14% less
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₹2.5 L/yr - ₹3.8 L/yr

arrow icon 9% less
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₹7.5 L/yr - ₹10 L/yr

arrow icon 120% more
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₹8.6 L/yr - ₹13 L/yr

arrow icon 136% more
Insurance Manager salary at Bajaj Allianz Life Insurance ranges between ₹3.1 Lakhs to ₹6 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 3 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Insurance Manager in Mumbai

1mo ago
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7 years exp.
2mo ago
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2 years exp.
2mo ago
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1 year exp.

Experience wise Bajaj Allianz Life Insurance Insurance Manager salaries in Mumbai

Last Updated: 8 Nov 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3.1 L/yr - ₹6.6 L/yr
2 years (AmbitionBox Estimate)

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₹1.5 L/yr - ₹4.3 L/yr
3 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹4.5 L/yr
4 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.7 L/yr
5 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr
View all

Similar Designation salaries in Bajaj Allianz Life Insurance

Deputy Manager Salary
(71 salaries)
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₹5 L/yr - ₹16 L/yr
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₹1.8 L/yr - ₹4.5 L/yr
Sales Manager Salary
(19 salaries)
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₹2.4 L/yr - ₹5 L/yr
Branch Manager Salary
(15 salaries)
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₹5.1 L/yr - ₹12 L/yr
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₹4.45 L/yr - ₹10 L/yr
Area Manager Salary
(13 salaries)
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₹5 L/yr - ₹13 L/yr
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₹3.7 L/yr - ₹5 L/yr
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₹5 L/yr - ₹12 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

Other Department

4.0
  •  posted on 12 Dec 2020

5.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good appraisals are fair and they give good salary

read more

Dislikes

None of them

Full Time

 · 

Other Department

1.0
  •  posted on 29 Feb 2024

1.0
 for  Salary and Benefits

Likes

I respect the Bajaj Allianz Life insurance because company was selected to grow my career I love the Bajaj Allianz Life insurance products where we give best return to customers.

read more

Dislikes

... Bajaj Allianz Life insurance company is best fastest growing company in india. But the managers working culture is dengerous because the managers are Black mail with employees salary, one of my manager was directly telling that if I do business then only I get salary, And this is the company policy he was telling is it my dear company CEO, In business sales the tarcher is common but who will blame with employees salary. And check the trainers quality.

read more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 22 Sep 2023

1.0
 for  Salary and Benefits

Likes

If you are doing at least one policy per month of min 5k then no one is going to fire you. Products of Bajaj Allianz Life Insurance is good.

read more

Dislikes

...manager on Sat and Sun. So there is no work no life no balance. Growth is none. No salary increments. Very very very low salary. Incentives earning is very much difficult. By any chance if you entered into the life insurance industry and especially into Agency channel then life worst. Extensive traveling across the city on your own expenses. Very hectic job

read more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 16 Nov 2023

5.0
 for  Salary and Benefits

Likes

Good salary, nice incentive structure and promotion structure

Dislikes

No proper training , no support in business hence we lack in aquaring business as compared to Max life insurance aur competitors in axis bank channel.

read more

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 09 May 2023

5.0
 for  Salary and Benefits

Likes

You get salary on time.

Dislikes

No one( Sr. Management) cares about you,they just need business that too what they ask from you " no need based selling". Rather then that there are meetings meetings and meetings for the sales team.

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Bajaj Allianz Life Insurance Insurance Manager Salary FAQs

What is the notice period for Insurance Manager at Bajaj Allianz Life Insurance in Mumbai?
According to AmbitionBox, 67% of the Bajaj Allianz Life Insurance Insurance Managers in Mumbai reported a notice period of 1 Month, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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Bajaj Allianz Life Insurance Insurance Manager salary in Mumbai ranges between ₹3.1 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.