Bajaj Allianz Life Insurance Sales Development Manager Salaries by 4 Employees

3 - 9 years exp.

₹1.8 Lakh - ₹8.5 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

At par with the average Sales Development Manager Salary in Insurance Companies for 3 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Sales Development Manager Salary 3 - 5 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹8.5 L/yr
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Sales & Business Development Sales Development Manager Salary 9 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 23 Dec 2024

Companies similar to Bajaj Allianz Life Insurance for Sales Development Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Sales Development Manager Salary 0 - 8 years exp. (909 salaries)	₹1.5 L/yr - ₹4.6 L/yr 33% less	10 job openings
SBI Life Insurance Company Sales Development Manager Salary 0 - 8 years exp. (15 salaries)	₹2.5 L/yr - ₹4 L/yr 38% less
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Shriram Life Insurance Sales Development Manager Salary 1 - 3 years exp. (7 salaries)	₹1.8 L/yr - ₹2.4 L/yr 57% less
Tata AIA Life Insurance Sales Development Manager Salary 2 - 5 years exp. (5 salaries)	₹2.5 L/yr - ₹4.8 L/yr 25% less
ICICI Prudential Life Insurance Sales Development Manager Salary 4 - 8 years exp. (4 salaries)	₹2.6 L/yr - ₹5.2 L/yr 18% less
Axis Max Life Insurance Sales Development Manager Salary 3 - 5 years exp. (4 salaries)	₹1.8 L/yr - ₹3 L/yr 44% less
HDFC Ergo General Insurance Sales Development Manager Salary 3 - 5 years exp. (4 salaries)	₹2.2 L/yr - ₹2.7 L/yr 47% less
Reliance Nippon Life Insurance Sales Development Manager Salary 0 - 3 years exp. (3 salaries)	₹2.6 L/yr - ₹3 L/yr 41% less
ICICI Lombard General Insurance Company Sales Development Manager Salary 2 - 14 years exp. (3 salaries)	₹3.3 L/yr - ₹6 L/yr 9% less
Kotak Mahindara Life Insurance Sales Development Manager Salary 0 - 4 years exp. (3 salaries)	₹3.6 L/yr - ₹6.5 L/yr 6% less

Sales Development Manager salary at Bajaj Allianz Life Insurance ranges between ₹1.8 Lakh to ₹8.5 Lakhs per year for employees with experience between 3 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Sales Development Manager salaries

Last Updated: 23 Dec 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
4 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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5 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
9 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr

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Salary related reviews for Bajaj Allianz Life Insurance

5.0

Rated by 1 employees for salary & benefits

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

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.

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.

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

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

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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 Development Manager Salary FAQs

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

The average salary of a Sales Development Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹1.8 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 3 years to 9 years).

The top 10% of Sales Development Manager at Bajaj Allianz Life Insurance earn more than ₹8.5 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Sales Development 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 4 Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Sales Development Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹36,198 to ₹37,420 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 3 years to 9 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 4 salaries received from various employees of Bajaj Allianz Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

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

The salary of a Sales Development Manager 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:

Kotak Mahindara Life Insurance	₹3.6 Lakhs to ₹6.5 Lakhs per year
ICICI Lombard General Insurance Company	₹3.3 Lakhs to ₹6.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.6 Lakhs to ₹5.2 Lakhs per year
Tata AIA Life Insurance	₹2.5 Lakhs to ₹4.8 Lakhs per year
HDFC Life	₹1.5 Lakhs to ₹4.6 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 Sales Development Manager at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
3 years	₹1.6 Lakhs to ₹2.1 Lakhs per year
4 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
5 years	₹7.7 Lakhs to ₹9.8 Lakhs per year
9 years	₹4.5 Lakhs to ₹5.8 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Sales Development Manager salary in India ranges between ₹1.8 Lakh to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.