Bajaj Allianz Life Insurance Mumbai Product Manager Salaries by 6 Employees (Updated 2025)

0 - 14 years exp.

₹10 Lakhs - ₹27.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

16% less than the average Product Manager Salary in Insurance Companies for 0 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Product Manager Salary 5 - 14 years exp. (3 salaries)	₹12 L/yr - ₹24 L/yr
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Product Management Product Manager Salary 0 - 4 years exp. (AmbitionBox Estimate)	₹16.1 L/yr - ₹27.5 L/yr

Last Updated: 9 Apr 2025

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

Bajaj Allianz Life Insurance Product Manager Salary

0 - 14 years exp. (6 salaries)

₹10 L/yr - ₹27.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Product Manager Salary 0 - 7 years exp. (187 salaries)	₹6 L/yr - ₹22.8 L/yr 23% less
HDFC Life Product Manager Salary 2 - 8 years exp. (59 salaries)	₹7.5 L/yr - ₹20 L/yr 22% less
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Tata AIG Product Manager Salary 0 - 6 years exp. (45 salaries)	₹5.7 L/yr - ₹22 L/yr 19% less
ICICI Prudential Life Insurance Product Manager Salary 0 - 7 years exp. (33 salaries)	₹6.3 L/yr - ₹19 L/yr 15% less
Kotak Mahindara Life Insurance Product Manager Salary 1 - 8 years exp. (23 salaries)	₹8.1 L/yr - ₹29 L/yr 3% more
HDFC Ergo General Insurance Product Manager Salary 0 - 3 years exp. (21 salaries)	₹13 L/yr - ₹19 L/yr 9% less
SBI Life Insurance Company Product Manager Salary 2 - 9 years exp. (12 salaries)	₹7.8 L/yr - ₹13.6 L/yr 40% less
Tata AIA Life Insurance Product Manager Salary 5 - 10 years exp. (8 salaries)	₹11 L/yr - ₹32 L/yr 9% more
Aditya Birla Sun Life Insurance Product Manager Salary 1 - 7 years exp. (7 salaries)	₹10 L/yr - ₹16 L/yr 17% less
Aditya Birla Health Insurance Co Product Manager Salary 2 - 9 years exp. (6 salaries)	₹9 L/yr - ₹25.5 L/yr 5% less
Reliance Nippon Life Insurance Product Manager Salary 5 - 7 years exp. (5 salaries)	₹6 L/yr - ₹15 L/yr 32% less
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Product Manager salary at Bajaj Allianz Life Insurance ranges between ₹10 Lakhs to ₹27.5 Lakhs per year for employees with less than 1 year of experience to 14 years. Salary estimates are based on 6 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Product Manager salaries in Mumbai

Last Updated: 9 Apr 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹17.4 L/yr - ₹22.2 L/yr
1 year (AmbitionBox Estimate)	₹17.1 L/yr - ₹21.8 L/yr
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2 years (AmbitionBox Estimate)	₹16.8 L/yr - ₹21.5 L/yr
3 years (AmbitionBox Estimate)	₹16.6 L/yr - ₹21.2 L/yr
4 years (AmbitionBox Estimate)	₹16.3 L/yr - ₹20.8 L/yr
5 years (AmbitionBox Estimate)	₹16 L/yr - ₹20.5 L/yr
6 years (AmbitionBox Estimate)	₹15.7 L/yr - ₹20.1 L/yr
7 years (AmbitionBox Estimate)	₹15.5 L/yr - ₹19.8 L/yr
8 years (AmbitionBox Estimate)	₹15.2 L/yr - ₹19.4 L/yr
9 years (AmbitionBox Estimate)	₹14.9 L/yr - ₹19.1 L/yr
10 years (AmbitionBox Estimate)	₹14.7 L/yr - ₹18.7 L/yr
11 years (AmbitionBox Estimate)	₹14.4 L/yr - ₹18.4 L/yr
12 years (AmbitionBox Estimate)	₹14.1 L/yr - ₹18 L/yr
13 years (AmbitionBox Estimate)	₹13.8 L/yr - ₹17.7 L/yr
14 years (AmbitionBox Estimate)	₹13.6 L/yr - ₹17.3 L/yr

View all

Similar Designation salaries in Bajaj Allianz Life Insurance

Deputy Manager Salary

(72 salaries)

₹5 L/yr - ₹16.5 L/yr

Project Manager Salary

(30 salaries)

₹6.6 L/yr - ₹18.26 L/yr

Program Manager Salary

(8 salaries)

₹8 L/yr - ₹24 L/yr

Senior Project Manager Salary

(6 salaries)

₹16.5 L/yr - ₹25 L/yr

Business Analyst Salary

(5 salaries)

₹6 L/yr - ₹16.5 L/yr

Top skills at Bajaj Allianz Life Insurance for Product Manager

Business Analytics Product Management Product Life Cycle Management Product Strategy Go-to-market Strategy Business Analysis Product Conceptualization

Salary related reviews for Bajaj Allianz Life Insurance

AM Human Resource in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Mar 2025

5.0

for Salary and Benefits

Likes

In bajaj salary credit on time always.

Salary - Excellent

Dislikes

In Bajaj there is no upgrade in ur role and responsibilities and no one want to upgrade your. No extra skill learning activities done. As relevant work of ur role.

Job security - Poor

Executive Relationship Manager in Kohima

Full Time

Sales & Business Development Department

1.0

• posted on 17 Mar 2025

1.0

for Salary and Benefits

Likes

No comments

Dislikes

Not getting salary on time, bad Area manger, bad HR, Always getting negative reviews no matter how much efforts we are giving . No support from highers ups. Getting too much calls and VC even on holidays. Still didn't got experience letter.

Salary - Bad

+6 more

Senior Area Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Mar 2025

1.0

for Salary and Benefits

Likes

Nothing is there to like to this company...

Dislikes

Here there is no system for credit the salary and it's based on Manager's wish . If Manager wants to hold the salary, he can without any reason also... So Bajaj is not better choice for who works harldy with honesty....

Salary - Bad

+6 more

Executive Relationship Manager in Bankura

Full Time

Sales & Business Development Department

5.0

• posted on 29 Jan 2025

5.0

for Salary and Benefits

Likes

Balic is a good company to work .. balic has given my carrier high..

Salary - Excellent

+6 more

Dislikes

...e centricity balic does not look even after Work hard and good work for balic .. company does not increase no salary as per expectations.

Senior Executive in Mumbai

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.

Salary - Bad

+6 more

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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Bajaj Allianz Life Insurance Product Manager Salary FAQs

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

The average salary of a Product Manager at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹10.0 Lakhs to ₹27.5 Lakhs per year, depending on experience (from Fresher to 14 years).

The top 10% of Product Manager in Mumbai at Bajaj Allianz Life Insurance earn more than ₹27.2 Lakhs per year, and the top 1% earn over ₹27.5 Lakhs per year. Product 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 6 Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Product Manager at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹1,16,354 to ₹1,19,604 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹27.5 Lakhs per year for employees with experience ranging from Fresher to 14 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 6 salaries received from various employees of Bajaj Allianz Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Product Manager at Bajaj Allianz Life Insurance in Mumbai?

To be a Product Manager at Bajaj Allianz Life Insurance in Mumbai, the key skills required include:

- Business Analytics
- Product Management
- Product Life Cycle Management
- Product Strategy
- Go-to-market Strategy

These skills are highly valued at Bajaj Allianz Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Bajaj Allianz Life Insurance for Product Manager in India?

Tata AIA Life Insurance	₹11.0 Lakhs to ₹32.0 Lakhs per year
Kotak Mahindara Life Insurance	₹8.1 Lakhs to ₹29.0 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 Product Manager in companies similar to Bajaj Allianz Life Insurance in Mumbai?

The salary of a Product Manager at companies similar to Bajaj Allianz Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Health Insurance Co	₹9.0 Lakhs to ₹25.5 Lakhs per year
HDFC Ergo General Insurance	₹13.0 Lakhs to ₹19.0 Lakhs per year
ICICI Prudential Life Insurance	₹6.3 Lakhs to ₹19.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹10.0 Lakhs to ₹16.0 Lakhs per year
Tata AIG	₹5.7 Lakhs to ₹22.0 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 Product Manager at Bajaj Allianz Life Insurance in Mumbai?

The salary growth for a Product Manager at Bajaj Allianz Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Product Manager in Mumbai can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience	Average Salary Range
Fresher	₹17.4 Lakhs to ₹22.2 Lakhs per year
1 year	₹17.1 Lakhs to ₹21.8 Lakhs per year
2 years	₹16.8 Lakhs to ₹21.5 Lakhs per year
3 years	₹16.6 Lakhs to ₹21.2 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Product Manager Salaries in Mumbai

Bajaj Allianz Life Insurance Product Manager salary in Mumbai ranges between ₹10 Lakhs to ₹27.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.