Bajaj Allianz Life Insurance Relationship Officer Salaries by 10+ Employees (Updated 2025)

0 - 6 years exp.

₹2.6 Lakhs - ₹4.5 Lakhs

Salary of majority employees

13% more than the average Relationship Officer Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Relationship Officer Salary 3 - 6 years exp. (3 salaries)	₹3 L/yr - ₹3.6 L/yr
Finance & Accounting Relationship Officer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.6 L/yr
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Human Resources Relationship Officer Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.3 L/yr
Marketing & Communication Relationship Officer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.1 L/yr

Last Updated: 4 Jan 2025

Companies similar to Bajaj Allianz Life Insurance for Relationship Officer

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Sun Life Insurance Relationship Officer Salary 0 - 5 years exp. (199 salaries)	₹2.3 L/yr - ₹4 L/yr 9% less	1 job opening
HDFC Life Relationship Officer Salary 0 - 5 years exp. (89 salaries)	₹2 L/yr - ₹4 L/yr 12% less
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Axis Max Life Insurance Relationship Officer Salary 0 - 6 years exp. (80 salaries)	₹2 L/yr - ₹3.3 L/yr 23% less
Niva Bupa Health Insurance Company Relationship Officer Salary 0 - 8 years exp. (21 salaries)	₹2.3 L/yr - ₹3.7 L/yr 15% less
Tata AIA Life Insurance Relationship Officer Salary 0 - 6 years exp. (16 salaries)	₹2.5 L/yr - ₹5.3 L/yr 15% more
Star Health & Allied Insurance Relationship Officer Salary 0 - 4 years exp. (11 salaries)	₹2.4 L/yr - ₹4.5 L/yr 3% less
Aditya Birla Health Insurance Co Relationship Officer Salary 0 - 3 years exp. (7 salaries)	₹2.3 L/yr - ₹3 L/yr 18% less
Aditya Birla Insurance Brokers Relationship Officer Salary 0 - 5 years exp. (7 salaries)	₹2.5 L/yr - ₹3 L/yr 17% less
Shriram Life Insurance Relationship Officer Salary 1 - 8 years exp. (6 salaries)	₹3.3 L/yr - ₹3.7 L/yr 9% more
Bajaj Allianz General Insurance Relationship Officer Salary 3 - 8 years exp. (6 salaries)	₹3 L/yr - ₹4.5 L/yr At par
SBI Life Insurance Company Relationship Officer Salary 0 - 5 years exp. (6 salaries)	₹2.4 L/yr - ₹3.8 L/yr 1% more
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ICICI Prudential Life Insurance Relationship Officer Salary 2 - 5 years exp. (5 salaries)	₹2.3 L/yr - ₹4.3 L/yr 3% less
ICICI Lombard General Insurance Company Relationship Officer Salary 4 - 8 years exp. (5 salaries)	₹2.3 L/yr - ₹5 L/yr 3% more
Tata AIG Relationship Officer Salary 5 - 8 years exp. (4 salaries)	₹2.2 L/yr - ₹5 L/yr 2% less
HDFC Ergo General Insurance Relationship Officer Salary 0 - 5 years exp. (4 salaries)	₹2.1 L/yr - ₹3.6 L/yr 9% less
Kotak Mahindara Life Insurance Relationship Officer Salary 3 - 11 years exp. (4 salaries)	₹2.2 L/yr - ₹5 L/yr 1% more
Reliance Nippon Life Insurance Relationship Officer Salary 0 - 1 year exp. (3 salaries)	₹1.8 L/yr - ₹2.9 L/yr 34% less

Relationship Officer salary at Bajaj Allianz Life Insurance ranges between ₹2.6 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 16 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Relationship Officer salaries

Last Updated: 4 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.3 L/yr
1 year (4 salaries)	₹2.6 L/yr - ₹3.3 L/yr
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2 years (3 salaries)	₹2.6 L/yr - ₹4.1 L/yr
3 years (4 salaries)	₹3 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.6 L/yr
6 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.6 L/yr

View all

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Top skills at Bajaj Allianz Life Insurance for Relationship Officer

Business Development Bancassurance Life Insurance

Salary related reviews for Bajaj Allianz Life Insurance

3.0

Rated by 5 employees for salary & benefits

Relationship Manager in Bangalore / Bengaluru

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.

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.

Salary - Bad

+6 more

Sales Manager in New Delhi

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.

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

Salary - Bad

+6 more

Sales Officer in New Delhi

Other Department

5.0

• posted on 05 May 2022

5.0

for Salary and Benefits

Likes

... period. Seniors are very supportive and give proper guidance at any situations. Salary on time.

Salary - Excellent

+6 more

Dislikes

There is no dislike for me about this company

Relationship Manager in Jaipur

Sales & Business Development Department

5.0

• posted on 11 Apr 2022

4.0

for Salary and Benefits

Likes

Overall work culture of the organisation is good and the management of the organisation is employee friendly

Salary - Good

+6 more

Dislikes

The only lacking point is that the organisation did not provide year on year salary hike until or unless someone did not achieve their yearly Targets.

Relationship Manager in Lucknow

Other Department

1.0

• posted on 05 Apr 2021

1.0

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 hike and bonus every year.

Dislikes

There is a lot of politics and the management doesn’t address our issues. 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.

Salary - Bad

+6 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Bajaj Allianz Life Insurance Relationship Officer Salary FAQs

What is the salary of Relationship Officer at Bajaj Allianz Life Insurance ?

The average salary of a Relationship Officer at Bajaj Allianz Life Insurance in India typically ranges from ₹2.6 Lakhs to ₹4.5 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Relationship Officer at Bajaj Allianz Life Insurance earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Relationship Officer 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 Relationship Officer at Bajaj Allianz Life Insurance in India?

The estimated take-home salary of a Relationship Officer at Bajaj Allianz Life Insurance in India typically ranges from ₹23,788 to ₹25,244 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from Fresher to 6 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.

What are the key skills required to be a Relationship Officer at Bajaj Allianz Life Insurance ?

To be a Relationship Officer at Bajaj Allianz Life Insurance in india, the key skills required include:

- Business Development
- Bancassurance
- Life Insurance

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 Relationship Officer in India?

Tata AIA Life Insurance	₹2.5 Lakhs to ₹5.3 Lakhs per year
Shriram Life Insurance	₹3.3 Lakhs to ₹3.7 Lakhs per year
ICICI Lombard General Insurance Company	₹2.3 Lakhs to ₹5.0 Lakhs per year
SBI Life Insurance Company	₹2.4 Lakhs to ₹3.8 Lakhs per year
Kotak Mahindara Life Insurance	₹2.2 Lakhs to ₹5.0 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 Relationship Officer in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Relationship Officer 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:

Bajaj Allianz General Insurance	₹3.0 Lakhs to ₹4.5 Lakhs per year
Tata AIG	₹2.2 Lakhs to ₹5.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.3 Lakhs to ₹4.3 Lakhs per year
Star Health & Allied Insurance	₹2.4 Lakhs to ₹4.5 Lakhs per year
HDFC Ergo General Insurance	₹2.1 Lakhs to ₹3.6 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 Relationship Officer at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹1.3 Lakhs to ₹3.3 Lakhs per year
1 year	₹2.6 Lakhs to ₹3.3 Lakhs per year
2 years	₹2.6 Lakhs to ₹4.1 Lakhs per year
3 years	₹3.0 Lakhs to ₹4.1 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Relationship Officer Salaries

Bajaj Allianz Life Insurance Relationship Officer salary in India ranges between ₹2.6 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.