Bajaj Allianz Life Insurance Sales Associate Salaries by 5 Employees (Updated 2025)

0 - 3 years exp.

₹1 Lakh - ₹3.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

29% less than the average Sales Associate Salary in Insurance Companies for 0 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading Sales Associate Salary 1 year exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
Human Resources Sales Associate Salary 3 years exp. (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.1 L/yr
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Marketing & Communication Sales Associate Salary 1 year exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 29 Jan 2025

Companies similar to Bajaj Allianz Life Insurance for Sales Associate

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Sales Associate Salary 0 - 5 years exp. (26 salaries)	₹1.4 L/yr - ₹3.6 L/yr 4% less
ICICI Lombard General Insurance Company Sales Associate Salary 0 - 6 years exp. (20 salaries)	₹1.3 L/yr - ₹3.9 L/yr 10% more
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Aditya Birla Health Insurance Co Sales Associate Salary 0 - 3 years exp. (15 salaries)	₹2.8 L/yr - ₹3.5 L/yr 37% more
HDFC Ergo General Insurance Sales Associate Salary 0 - 8 years exp. (15 salaries)	₹2.8 L/yr - ₹5 L/yr 67% more
Kotak Mahindara Life Insurance Sales Associate Salary 0 - 12 years exp. (10 salaries)	₹1.8 L/yr - ₹2.5 L/yr 7% less
Axis Max Life Insurance Sales Associate Salary 1 - 5 years exp. (9 salaries)	₹2.4 L/yr - ₹5 L/yr 32% more
Niva Bupa Health Insurance Company Sales Associate Salary 1 - 6 years exp. (9 salaries)	₹2 L/yr - ₹3.3 L/yr 16% more
ICICI Prudential Life Insurance Sales Associate Salary 1 - 3 years exp. (6 salaries)	₹2.7 L/yr - ₹4.5 L/yr 65% more
Aditya Birla Sun Life Insurance Sales Associate Salary 0 - 3 years exp. (6 salaries)	₹3 L/yr - ₹3.5 L/yr 49% more
Bajaj Allianz General Insurance Sales Associate Salary 0 - 7 years exp. (6 salaries)	₹2 L/yr - ₹2.5 L/yr 5% more
Allianz Partners Sales Associate Salary 1 - 7 years exp. (5 salaries)	₹4.3 L/yr - ₹5 L/yr 104% more
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Reliance Nippon Life Insurance Sales Associate Salary 0 - 4 years exp. (4 salaries)	₹2.4 L/yr - ₹3.5 L/yr 28% more
Tata AIA Life Insurance Sales Associate Salary 2 - 12 years exp. (4 salaries)	₹4.2 L/yr - ₹15.5 L/yr 243% more
Tata AIG Sales Associate Salary 1 - 9 years exp. (4 salaries)	₹2.1 L/yr - ₹4.2 L/yr 38% more
Star Health & Allied Insurance Sales Associate Salary 1 - 14 years exp. (4 salaries)	₹2.3 L/yr - ₹5 L/yr 47% more

Sales Associate salary at Bajaj Allianz Life Insurance ranges between ₹1 Lakh to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 5 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Sales Associate salaries

Last Updated: 29 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
1 year (3 salaries)	₹2.5 L/yr - ₹3 L/yr
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2 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr
3 years (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.2 L/yr

Similar Designation salaries in Bajaj Allianz Life Insurance

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(51 salaries)

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Sales Officer Salary

(23 salaries)

₹2 L/yr - ₹5.5 L/yr

Sales Manager Salary

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₹1.9 L/yr - ₹7 L/yr

Salesman Salary

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₹2.5 L/yr - ₹3.65 L/yr

Sales Representative Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹12.2 L/yr - ₹15.5 L/yr

Cashier Salary

(3 salaries)

₹1.8 L/yr - ₹2.5 L/yr

Team Lead Salary

(46 salaries)

₹1.8 L/yr - ₹7.25 L/yr

Area Sales Manager Salary

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₹3.45 L/yr - ₹13.56 L/yr

Area Sales Executive Salary

(3 salaries)

₹2.5 L/yr - ₹4 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

3.0

Rated by 1 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

Business Development Manager in Bokaro

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.

Senior Relationship Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 25 Jun 2023

5.0

for Salary and Benefits

Likes

One of the best company to work and earn money , we can earn more incentives than salary, overall this is the best company in all insurance sectors.

Salary - Excellent

+6 more

Dislikes

In banca channel, the company heads and co-heads has to interact with the bankers for freshers encouragement

Business Development Manager in Narnaul

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.

Skill development - Bad

+4 more

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Bajaj Allianz Life Insurance Sales Associate Salary FAQs

What is the salary of Sales Associate at Bajaj Allianz Life Insurance ?

The average salary of a Sales Associate at Bajaj Allianz Life Insurance in India typically ranges from ₹1.0 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Sales Associate at Bajaj Allianz Life Insurance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Sales Associate 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 5 Bajaj Allianz Life Insurance employees in India.

What is the estimated take home salary of a Sales Associate at Bajaj Allianz Life Insurance in India?

The estimated take-home salary of a Sales Associate at Bajaj Allianz Life Insurance in India typically ranges from ₹15,675 to ₹17,301 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher to 3 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 5 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 Sales Associate in India?

Tata AIA Life Insurance	₹4.2 Lakhs to ₹15.5 Lakhs per year
Allianz Partners	₹4.3 Lakhs to ₹5.0 Lakhs per year
HDFC Ergo General Insurance	₹2.8 Lakhs to ₹5.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.7 Lakhs to ₹4.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.0 Lakhs to ₹3.5 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 Sales Associate in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Sales Associate 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:

Star Health & Allied Insurance	₹2.3 Lakhs to ₹5.0 Lakhs per year
Tata AIG	₹2.1 Lakhs to ₹4.2 Lakhs per year
Aditya Birla Health Insurance Co	₹2.8 Lakhs to ₹3.5 Lakhs per year
Axis Max Life Insurance	₹2.4 Lakhs to ₹5.0 Lakhs per year
Reliance Nippon Life Insurance	₹2.4 Lakhs to ₹3.5 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 Sales Associate at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹3.1 Lakhs to ₹4.0 Lakhs per year
1 year	₹2.5 Lakhs to ₹3.0 Lakhs per year
2 years	₹1.7 Lakhs to ₹2.1 Lakhs per year
3 years	₹0.9 Lakhs to ₹1.2 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Sales Associate Salaries

Bajaj Allianz Life Insurance Sales Associate salary in India ranges between ₹1 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.