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Bajaj Allianz Life Insurance Life Insurance Manager salaries in India (Updated 2025)

Annual salary range
0 - 4 years exp.
₹3.1 Lakhs - ₹4.5 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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At par with the average Life Insurance Manager Salary in Insurance Companies for 0 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Life Insurance Manager Salary
0 - 4 years exp. (3 salaries)
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₹3.4 L/yr - ₹3.7 L/yr

Sales & Business Development
Life Insurance Manager Salary
2 - 4 years exp. (3 salaries)
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₹3.1 L/yr - ₹4.5 L/yr

Last Updated: 22 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for Life Insurance Manager

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

1 - 7 years exp. (25 salaries)

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₹3 L/yr - ₹5.2 L/yr

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₹3 L/yr - ₹6.3 L/yr

arrow icon 27% more
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₹2.4 L/yr - ₹3.8 L/yr

arrow icon 3% less
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₹2.8 L/yr - ₹5.5 L/yr

arrow icon 4% more
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₹3.8 L/yr - ₹4.5 L/yr

arrow icon 12% more
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₹2.4 L/yr - ₹4 L/yr

arrow icon 18% less
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₹3 L/yr - ₹5 L/yr

arrow icon 5% more
Life Insurance Manager salary at Bajaj Allianz Life Insurance ranges between ₹3.1 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 10 latest salaries received from various employees of Bajaj Allianz Life Insurance.

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

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Experience wise Bajaj Allianz Life Insurance Life Insurance Manager salaries

Last Updated: 22 Mar 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3.1 L/yr - ₹3.5 L/yr
1 year (AmbitionBox Estimate)

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₹1.4 L/yr - ₹4 L/yr
2 years  (4 salaries)

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₹3.1 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹6.3 L/yr
4 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹4.5 L/yr

Similar Designation salaries in Bajaj Allianz Life Insurance

Branch Manager Salary
(126 salaries)
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₹4.5 L/yr - ₹12.85 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹12.2 L/yr - ₹15.5 L/yr
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₹3.45 L/yr - ₹13.56 L/yr
Area Manager Salary
(211 salaries)
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₹5 L/yr - ₹16.5 L/yr
Deputy Manager Salary
(331 salaries)
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₹5 L/yr - ₹16.48 L/yr
Territory Manager Salary
(222 salaries)
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₹3.65 L/yr - ₹8.5 L/yr
Sales Manager Salary
(209 salaries)
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₹1.9 L/yr - ₹7 L/yr
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₹1.8 L/yr - ₹3.5 L/yr
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₹1.55 L/yr - ₹5 L/yr
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₹2.55 L/yr - ₹6.2 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

5.0

Rated by 1 employees for salary & benefits

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
  • Salary - Bad
  • +6 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.

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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
  • Salary - Bad
  • +6 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

  • Salary - Excellent
  • +4 more

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.

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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.

  • Salary - Excellent
  • +1 more

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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  • Skill development - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 25 Apr 2022

5.0
 for  Salary and Benefits

Likes

...mmates is transparent. There is a huge cafeteria and gaming arcade fir chilling. Cimpany policies are good apprasals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is a lot of politics and the management doesn't address our issue.salary is decent but career growth is slow.there is a bond of 2 years before which you cannot resign.on the job training is not given to new joinees.

read more
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Bajaj Allianz Life Insurance Life Insurance Manager Salary FAQs

What is the salary of Life Insurance Manager at Bajaj Allianz Life Insurance ?
The average salary of a Life Insurance Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹3.1 Lakhs to ₹4.5 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Life Insurance Manager at Bajaj Allianz Life Insurance earn more than ₹4.3 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Life Insurance Manager Salaries at Bajaj Allianz Life Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10 Bajaj Allianz Life Insurance employees in India.
What is the estimated take home salary of a Life Insurance Manager at Bajaj Allianz Life Insurance in India?
The estimated take-home salary of a Life Insurance Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹25,343 to ₹26,776 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from Fresher to 4 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10 salaries received from various employees of Bajaj Allianz Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Bajaj Allianz Life Insurance for Life Insurance Manager in India?
Tata AIA Life Insurance ₹3.0 Lakhs to ₹6.3 Lakhs per year
Aditya Birla Sun Life Insurance ₹3.8 Lakhs to ₹4.5 Lakhs per year
SBI Life Insurance Company ₹3.0 Lakhs to ₹5.0 Lakhs per year
HDFC Life ₹3.0 Lakhs to ₹5.2 Lakhs per year
Axis Max Life Insurance ₹2.8 Lakhs to ₹5.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Bajaj Allianz Life Insurance, depending on the role and experience level.
What is the salary of a Life Insurance Manager in companies similar to Bajaj Allianz Life Insurance in India?
The salary of a Life Insurance Manager at companies similar to Bajaj Allianz Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Prudential Life Insurance ₹2.4 Lakhs to ₹3.8 Lakhs per year
Reliance Nippon Life Insurance ₹2.4 Lakhs to ₹4.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Life Insurance Manager at Bajaj Allianz Life Insurance in India?
The salary growth for a Life Insurance Manager at Bajaj Allianz Life Insurance depends on factors such as experience, performance, and promotions. On average, a Life Insurance Manager can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience Average Salary Range
Fresher ₹3.1 Lakhs to ₹3.5 Lakhs per year
1 year ₹1.4 Lakhs to ₹4.0 Lakhs per year
2 years ₹3.1 Lakhs to ₹4.0 Lakhs per year
3 years ₹3.3 Lakhs to ₹6.3 Lakhs per year
and so on.

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Bajaj Allianz Life Insurance Life Insurance Manager salary in India ranges between ₹3.1 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.