Bajaj Allianz Life Insurance Mumbai Manager Salaries by 30+ Employees (Updated 2025)

3 - 17 years exp.

₹8.5 Lakhs - ₹24.1 Lakhs

Salary of majority employees

17% less than the average Manager Salary in Insurance Companies for 3 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 5 - 17 years exp. (14 salaries)	₹8.1 L/yr - ₹17.1 L/yr
Strategic & Top Management Manager Salary 9 - 12 years exp. (4 salaries)	₹8.4 L/yr - ₹18.3 L/yr
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Customer Success, Service & Operations Manager Salary 9 - 16 years exp. (3 salaries)	₹14 L/yr - ₹17.7 L/yr
Finance & Accounting Manager Salary 10 - 12 years exp. (3 salaries)	₹14.6 L/yr - ₹17.3 L/yr
Data Science & Analytics Manager Salary 5 - 8 years exp. (AmbitionBox Estimate)	₹14.2 L/yr - ₹18.5 L/yr

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Last Updated: 20 Feb 2025

Companies similar to Bajaj Allianz Life Insurance for Manager in Mumbai

Bajaj Allianz Life Insurance Manager Salary

3 - 17 years exp. (38 salaries)

₹8.5 L/yr - ₹24.1 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Manager Salary 2 - 16 years exp. (241 salaries)	₹5.6 L/yr - ₹18 L/yr 26% less
ICICI Prudential Life Insurance Manager Salary 1 - 13 years exp. (179 salaries)	₹3.4 L/yr - ₹13.9 L/yr 40% less
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SBI Life Insurance Company Manager Salary 3 - 20 years exp. (160 salaries)	₹5.5 L/yr - ₹18 L/yr 14% less
Max Life Insurance Manager Salary 5 - 16 years exp. (20 salaries)	₹4 L/yr - ₹15 L/yr 36% less	9 job openings
Reliance Nippon Life Insurance Manager Salary 2 - 20 years exp. (72 salaries)	₹3.2 L/yr - ₹12.9 L/yr 47% less
Kotak Mahindara Life Insurance Manager Salary 0 - 12 years exp. (243 salaries)	₹3 L/yr - ₹8.5 L/yr 60% less
Tata AIA Life Insurance Manager Salary 4 - 18 years exp. (168 salaries)	₹6.8 L/yr - ₹26 L/yr 18% more	16 job openings
Aviva Life Insurance India Manager Salary 3 - 14 years exp. (4 salaries)	₹7.5 L/yr - ₹14 L/yr 17% less
PNB MetLife Manager Salary 6 - 17 years exp. (36 salaries)	₹4.7 L/yr - ₹15.5 L/yr 17% less	2 job openings
Tata AIG Manager Salary 1 - 11 years exp. (211 salaries)	₹3.8 L/yr - ₹11.1 L/yr 50% less	8 job openings
HDFC Ergo General Insurance Manager Salary 4 - 16 years exp. (146 salaries)	₹4.5 L/yr - ₹15 L/yr 27% less
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Aditya Birla Health Insurance Co Manager Salary 2 - 12 years exp. (130 salaries)	₹5 L/yr - ₹18 L/yr 24% less
ICICI Lombard General Insurance Company Manager Salary 0 - 14 years exp. (127 salaries)	₹3.5 L/yr - ₹12 L/yr 50% less
Aditya Birla Sun Life Insurance Manager Salary 0 - 12 years exp. (106 salaries)	₹5 L/yr - ₹18 L/yr 19% less
Aditya Birla Insurance Brokers Manager Salary 4 - 17 years exp. (30 salaries)	₹5.1 L/yr - ₹15 L/yr 34% less
Bajaj Allianz General Insurance Manager Salary 6 - 19 years exp. (8 salaries)	₹11.8 L/yr - ₹21 L/yr 24% more
Niva Bupa Health Insurance Company Manager Salary 7 - 13 years exp. (6 salaries)	₹7 L/yr - ₹10 L/yr 32% less
Star Health & Allied Insurance Manager Salary 1 - 12 years exp. (4 salaries)	₹3.2 L/yr - ₹10.8 L/yr 47% less
Gallagher Manager Salary 8 - 13 years exp. (3 salaries)	₹12 L/yr - ₹14 L/yr 5% less
Life Insurance Corporation of India Manager Salary 3 - 17 years exp. (3 salaries)	₹4.9 L/yr - ₹10.9 L/yr 42% less

Manager salary at Bajaj Allianz Life Insurance ranges between ₹8.5 Lakhs to ₹24.1 Lakhs per year for employees with experience between 3 years to 17 years. Salary estimates are based on 38 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Manager salaries in Mumbai

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹12 L/yr - ₹24.3 L/yr
4 years (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.5 L/yr
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5 years (4 salaries)	₹12 L/yr - ₹18.5 L/yr
6 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹14.7 L/yr
7 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹14 L/yr
8 years (4 salaries)	₹9.9 L/yr - ₹18.5 L/yr
9 years (3 salaries)	₹13 L/yr - ₹18.3 L/yr
10 years (5 salaries)	₹5.9 L/yr - ₹17.7 L/yr
11 years (5 salaries)	₹12 L/yr - ₹23.8 L/yr
12 years (6 salaries)	₹8.4 L/yr - ₹16.5 L/yr
13 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹18 L/yr
14 years (AmbitionBox Estimate)	₹13 L/yr - ₹24.6 L/yr
15+ years (3 salaries)	₹10.9 L/yr - ₹17.1 L/yr

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From

Manager

₹

Lakhs/yr

3 - 18 years exp.

Associate Vice President

₹

Lakhs/yr

10 - 21 years exp.

Manager 3 - 18 years exp.

Senior Manager 0 - 10 years exp.

-29% hike

Chief Manager 7 - 21 years exp.

188% hike

Similar Designation salaries in Bajaj Allianz Life Insurance

Deputy Manager Salary

(71 salaries)

₹5 L/yr - ₹16.25 L/yr

Management Trainee Salary

(10 salaries)

₹4 L/yr - ₹8.25 L/yr

Top skills at Bajaj Allianz Life Insurance for Manager

Sales Market Intelligence Channel Partners LI Life Insurance

Salary related reviews for Bajaj Allianz Life Insurance

3.6

Rated by 8 employees for salary & benefits

Financial Analyst in Delhi

Finance & Accounting Department

5.0

• posted on 19 Mar 2021

1.0

for Salary and Benefits

Likes

...d different processes. Managers are helping and can add value to your knowledge. Pay is good compare to the industry.

Skill development - Good

+3 more

Dislikes

Sometime higher authority/Senior post employee speak louder and that time employee are going to dimotivate.

Salary - Bad

Cluster Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 08 Jan 2025

5.0

for Salary and Benefits

Likes

The environment is good, as well as the pay package; which is very good. There's a lot of scope of learning here in the industry. Management is a bit clueless and less emotionally oriented but overall it's a good place or organisation to work for or work in. Good amount of promotions are there, trips national or international they have all to keep their people happy and motivated.

Salary - Excellent

+3 more

Dislikes

Nothing as of now.

Premium Relationship Manager in Kharagpur

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 27 Dec 2024

4.0

for Salary and Benefits

Likes

...ect channel there is no work life balance, no job security. Worst work culture. Only salary good

Salary - Good

Dislikes

Specially Direct channel worst job culture. All seniors are rude, Cluster manager, RH all are too much bad. I suggest not to join is direct Channel in BALIC.

Skill development - Bad

+5 more

System Engineer in Gurgaon / Gurugram

Full Time

IT & Information Security Department

1.0

• posted on 05 Oct 2024

1.0

for Salary and Benefits

Likes

No any reason 👎

Dislikes

...gnity and respect, and it's our responsibility to speak out against such abuses." My working period is normal, Bu my year promotion is stuck, after revoke not increase my salary, after 3 months he was suggested per month salary increas next coming mong. by include people, mis-ber. ve with engineer, if you selected b, Hari. Naveen,, denied from job on immediately I think my 3 year lost in precision tech serve. Thank app for taking feedback on worker end, Thank to all, best wishes you for luck.

Salary - Bad

+6 more

Executive Relationship Manager in Srinagar

Full Time

Sales & Business Development Department

1.0

• posted on 07 Sep 2024

4.0

for Salary and Benefits

Likes

Salary credited on time every month

Salary - Good

+1 more

Dislikes

In December i got gallbladder remove surgery and I got post surgery health issues i am not able to travel 50 kms/ day from branch to my residence and vice versa i had faced a lot of problems But my reporting manager namely ARSHAD WANI AND ASM Mr. ASHIQ don't coperate with me and send me abasccond mail and termination letter from hr total injustice Ganderbal Jammu and Kashmir Destroyed my career

Skill development - Bad

+4 more

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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Bajaj Allianz Life Insurance Manager Salary FAQs

What is the salary of Manager at Bajaj Allianz Life Insurance Mumbai?

Manager salary at Bajaj Allianz Life Insurance in Mumbai ranges between ₹8.5 Lakhs to ₹24.1 Lakhs for experience between 3 years to 17 years. According to our estimates it is 17% less than the average Manager Salary in India. Salary estimates are based on 38 latest salaries received from various employees of Bajaj Allianz Life Insurance Mumbai.

How does the salary of a Manager at Bajaj Allianz Life Insurance Mumbai compare with the average salary range for this job?

The average salary of a Manager at Bajaj Allianz Life Insurance is 17% less than the average salary of a Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Manager at Bajaj Allianz Life Insurance?

Sales, Market Intelligence, Channel Partners, LI and Life Insurance are some of the popular skills required to work as a Manager at Bajaj Allianz Life Insurance Mumbai.

Which similar companies are paying more than Bajaj Allianz Life Insurance to a Manager in Mumbai?

Bajaj Allianz General Insurance Manager Salary - ₹11.8 Lakhs to ₹21.0 Lakhs per year
Tata AIA Life Insurance Manager Salary - ₹6.8 Lakhs to ₹26.0 Lakhs per year

What is the salary of a Manager in companies similar to Bajaj Allianz Life Insurance in Mumbai?

Gallagher Manager Salary - ₹12.0 Lakhs to ₹14.0 Lakhs per year
SBI Life Insurance Company Manager Salary - ₹5.5 Lakhs to ₹18.0 Lakhs per year
PNB MetLife Manager Salary - ₹4.7 Lakhs to ₹15.5 Lakhs per year
Aviva Life Insurance India Manager Salary - ₹7.5 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Sun Life Insurance Manager Salary - ₹5.0 Lakhs to ₹18.0 Lakhs per year

What is the estimated take home salary of a Manager at Bajaj Allianz Life Insurance in Mumbai?

The estimated take-home salary of a Manager at Bajaj Allianz Life Insurance ranges between ₹95,426 per month to ₹98,000 per month in Mumbai. The take-home salary calculation is based on the average Bajaj Allianz Life Insurance Manager salary in India which ranges between ₹8.5 Lakhs to ₹24.1 Lakhs per year for employees with experience between 3 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Manager at Bajaj Allianz Life Insurance in Mumbai?

According to AmbitionBox, 82% of the Bajaj Allianz Life Insurance Managers in Mumbai reported a notice period of 3 Months, 7% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 28 responses on AmbitionBox in last 2 years.

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Bajaj Allianz Life Insurance Manager Salaries in Mumbai

Bajaj Allianz Life Insurance Manager salary in Mumbai ranges between ₹8.5 Lakhs to ₹24.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 38 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

Bajaj Allianz Life Insurance Manager salaries in Mumbai

Companies similar to Bajaj Allianz Life Insurance for Manager in Mumbai

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

Experience wise Bajaj Allianz Life Insurance Manager salaries in Mumbai

Similar Designation salaries in Bajaj Allianz Life Insurance

Top skills at Bajaj Allianz Life Insurance for Manager

Salary related reviews for Bajaj Allianz Life Insurance

Financial Analyst in Delhi

Cluster Manager in Kolkata

Premium Relationship Manager in Kharagpur

System Engineer in Gurgaon / Gurugram

Executive Relationship Manager in Srinagar

Bajaj Allianz Life Insurance Manager Salary FAQs

Tell us how to improve this page.