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Bajaj Allianz Life Insurance Salaries in Mumbai (Updated 2025)

based on 1.4k latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Sales & Business Development Customer Success, Service & Operations Human Resources + 6 more
Designation Avg Annual Salary Open Jobs
1 - 15 years exp. · Mumbai (69 salaries)
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₹5 L/yr - ₹16.5 L/yr

1 - 11 years exp. · Mumbai (63 salaries)
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₹3.3 L/yr - ₹5.5 L/yr

0 - 8 years exp. · Mumbai (52 salaries)
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₹2.1 L/yr - ₹4 L/yr

5 job openings
0 - 7 years exp. · Mumbai (52 salaries)
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₹1.8 L/yr - ₹4.5 L/yr

19 job openings
Starting your career? Discover Bajaj Allianz Life Insurance fresher salaries in India
0 - 10 years exp. · Mumbai (40 salaries)
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₹2.8 L/yr - ₹4.1 L/yr

11 job openings
2 - 11 years exp. · Mumbai (40 salaries)
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₹3.7 L/yr - ₹5.5 L/yr

1 - 10 years exp. · Mumbai (29 salaries)
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₹6.6 L/yr - ₹18.3 L/yr

7 - 17 years exp. · Mumbai (27 salaries)
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₹7.6 L/yr - ₹13.5 L/yr

0 - 10 years exp. · Mumbai (21 salaries)
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₹3.7 L/yr - ₹5.5 L/yr

3 job openings
0 - 8 years exp. · Mumbai (18 salaries)
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₹2.4 L/yr - ₹5 L/yr

11 job openings
0 - 8 years exp. · Mumbai (18 salaries)
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₹3 L/yr - ₹4.5 L/yr

2 job openings
12 - 20 years exp. · Mumbai (18 salaries)
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₹10 L/yr - ₹16.8 L/yr

7 - 21 years exp. · Mumbai (17 salaries)
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₹18 L/yr - ₹37.8 L/yr

0 - 6 years exp. · Mumbai (16 salaries)
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₹3.2 L/yr - ₹4 L/yr

5 - 15 years exp. · Mumbai (15 salaries)
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₹4.5 L/yr - ₹10 L/yr

10 - 21 years exp. · Mumbai (14 salaries)
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₹22 L/yr - ₹44.6 L/yr

14 - 21 years exp. · Mumbai (14 salaries)
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₹17 L/yr - ₹28.6 L/yr

1 - 7 years exp. · Mumbai (13 salaries)
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₹3.9 L/yr - ₹4.3 L/yr

2 - 7 years exp. · Mumbai (12 salaries)
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₹2.4 L/yr - ₹5 L/yr

6 - 17 years exp. · Mumbai (12 salaries)
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₹6.6 L/yr - ₹12.5 L/yr

Last Updated: 5 Mar, 2025

Salary related reviews for Bajaj Allianz Life Insurance

3.8

Rated by 241 employees for salary & benefits

Full Time

 · 

Product Management Department

1.0
  •  posted on 24 Jan 2025

1.0
 for  Salary and Benefits

Likes

Nothing.

Dislikes

...w manager are treated the worst. Designation will not help you find another job. No increment or promotion unless you are from tier 1 college or your salary is above 30 lpa. Skill development is only provided for the person belonging to their community. Senior positions are occupied by Malyalam speaking community and hence increment and promotions are only for them. No outdoor trips as it's only applicable for senior positions. Junior employees don't stay more than 3 months in the company. Company culture is the worst across Bajaj companies. They treat employees in such a way that they should jump off their building and end their lives as they encourage their family members and friends in other companies to not hire their team members. Hence an employee is stuck for rest of their lives in the same place with the lowest salary.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Finance & Accounting Department

5.0
  •  posted on 28 Jun 2024

5.0
 for  Salary and Benefits

Likes

...eel that there's no any perfect working environment as compared to this company. This company offers the opportunity to work independently and creatively to get tasks done along with good pay and benefits.

read more
  • Salary - Excellent
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 30 Dec 2024

5.0
 for  Salary and Benefits

Likes

Salary and incentive and for only one guy is genuine Mr Tarun sir

  • Salary - Excellent

Dislikes

It is one of the most corrupt company for investors and policy holder.. don't work on on principal of almost good faith..One of worst hr barring few .

read more
  • Skill development - Bad
  • +5 more

International Business Department

3.0
  •  posted on 03 Dec 2020

2.0
 for  Salary and Benefits

Likes

Nothing..In bajaj you only see "top management gives you words and big big promises but nothing will happend" ,managers not support their juniors. They only expect more from u and if u doing gud u will be appreciated only for that day.on next day u have to start with zero. In covid situation se faced more problems mentally we faced so much pressure and we worked from 9 to 11pm some time.. thr is no proper timing.. according to managers if u are doing work from home u not need to take break ... * Work culture is also not gud. * Company policies is just a policies for name.. if company want u terminate today they will find the way .but honestly for branding .. company policies is gud.

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Dislikes

...gap , most of managers are just useless and they are just leech in Organization. Who only take salary from Organization and doing nothing and one day they just left when they full with thr stomach. But nothing will change just do your job and if u don't like than just leave for better opportunity.

read more
  • Salary - Poor
  • +5 more

Sales & Marketing Department

5.0
  •  posted on 29 Sep 2020

5.0
 for  Salary and Benefits

Likes

...ement and culture. Team mates are supportive, and the management is transparent. Companies policies are good, appraisals are fair, and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

not any

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Bajaj Allianz Life Insurance Salary FAQs

How much does Bajaj Allianz Life Insurance pay per year?
The average Bajaj Allianz Life Insurance salary ranges from approximately ₹1 Lakh to ₹1.5 Lakh per year for a I S O and ₹63.1 Lakhs to ₹1 Crore per year for a Senior Vice President. Salary estimates are based on 1.4k Bajaj Allianz Life Insurance salaries received from various employees of Bajaj Allianz Life Insurance. Bajaj Allianz Life Insurance employees rate the overall salary and benefits package 3.8/5 stars.
What is the highest salary in Bajaj Allianz Life Insurance?
The highest-paying job at Bajaj Allianz Life Insurance is a Senior Vice President with a salary of ₹63.1 Lakhs to ₹1 Crore per year. The top 10% of employees earn more than ₹14.01 lakhs per year. The top 1% earn more than a whopping ₹36.68 lakhs per year.
What is the minimum salary in Bajaj Allianz Life Insurance?
Minimum salary at Bajaj Allianz Life Insurance depends on the role you are applying for. For Senior Relationship Manager the minimum salary is ₹2 Lakhs to ₹4 Lakhs per year, and for Relationship Manager the minimum salary is ₹1.6 Lakh to ₹5 Lakhs per year and so on.
What is the salary package for freshers in Bajaj Allianz Life Insurance?
The average salary at Bajaj Allianz Life Insurance for freshers varies from ₹1.2 Lakh to ₹3 Lakhs per year for Insurance Agent and ₹11.7 Lakhs to ₹15 Lakhs per year for Management Associate.
What is the notice period at Bajaj Allianz Life Insurance in Mumbai?
According to AmbitionBox, 42% of the Bajaj Allianz Life Insurance employees in Mumbai reported a notice period of 3 Months, 35% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 990 responses on AmbitionBox in last 2 years.

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Average annual salary in Bajaj Allianz Life Insurance , Mumbai is INRunlock blur . Salary estimates are based on 1.4k Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

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