Bajaj Allianz Life Insurance Sales Manager 1 Salaries by 4 Employees (Updated 2024)

3 - 6 years exp.

₹2.4 Lakhs - ₹3.6 Lakhs

Low Confidence

Salary of majority employees

39% less than the average Sales Manager 1 Salary in Insurance Companies for 3 - 6 years of experience

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Salaries in different departments

Finance & Accounting Sales Manager 1 Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.5 L/yr
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BFSI, Investments & Trading Sales Manager 1 Salary 3 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr

Last Updated: 28 Jun 2024

Companies similar to Bajaj Allianz Life Insurance for Sales Manager 1

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Sales Manager 1 Salary 1 - 8 years exp. (24 salaries)	₹6.1 L/yr - ₹9.5 L/yr 125% more
HDFC Life Sales Manager 1 Salary 3 - 8 years exp. (10 salaries)	₹3 L/yr - ₹6.3 L/yr 48% more
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Max Life Insurance Sales Manager 1 Salary 0 - 5 years exp. (7 salaries)	₹4 L/yr - ₹4.4 L/yr 31% more
Kotak Mahindara Life Insurance Sales Manager 1 Salary 5 - 9 years exp. (5 salaries)	₹3.6 L/yr - ₹4.3 L/yr 33% more
Reliance Nippon Life Insurance Sales Manager 1 Salary 2 - 4 years exp. (3 salaries)	₹4.3 L/yr - ₹5.5 L/yr 55% more
Tata AIA Life Insurance Sales Manager 1 Salary 3 - 9 years exp. (4 salaries)	₹4.5 L/yr - ₹6 L/yr 71% more
Aditya Birla Sun Life Insurance Sales Manager 1 Salary 5 - 10 years exp. (6 salaries)	₹4 L/yr - ₹8.5 L/yr 122% more
PNB MetLife Sales Manager 1 Salary 1 - 8 years exp. (4 salaries)	₹3 L/yr - ₹5 L/yr 29% more
ICICI Lombard General Insurance Company Sales Manager 1 Salary 4 - 12 years exp. (12 salaries)	₹3.8 L/yr - ₹7 L/yr 87% more
HDFC Ergo General Insurance Sales Manager 1 Salary 1 - 10 years exp. (10 salaries)	₹3.2 L/yr - ₹4 L/yr 24% more
Care Health Insurance Sales Manager 1 Salary 0 - 6 years exp. (5 salaries)	₹2.8 L/yr - ₹3.5 L/yr 3% more
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Shriram Life Insurance Sales Manager 1 Salary 3 - 13 years exp. (4 salaries)	₹2.1 L/yr - ₹3 L/yr 26% less

Sales Manager 1 salary at Bajaj Allianz Life Insurance ranges between ₹2.4 Lakhs to ₹3.6 Lakhs per year for employees with experience between 3 years to 6 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 Manager 1 salaries

Last Updated: 28 Jun 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.7 L/yr
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.9 L/yr
6 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.4 L/yr

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Salary related reviews for Bajaj Allianz Life Insurance

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.

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

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

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.

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.

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.

Senior Business Development Manager in Soro

Full Time

Sales & Business Development Department

5.0

• posted on 13 Sep 2022

4.0

for Salary and Benefits

Likes

Best product Friendly atmosphere Career growth Highest solvency retio Best claim settlement Best Hr service Etc....

Dislikes

One thing is internal career and salary growth is little bit slow.. If we have potential to prove ourselves in changing our label in our own company. Then stay with us.... Otherwise Employees are trying for other companies only for career and financial growth.

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Bajaj Allianz Life Insurance Sales Manager 1 Salary FAQs

What is the salary of Sales Manager 1 at Bajaj Allianz Life Insurance?

Sales Manager 1 salary at Bajaj Allianz Life Insurance in India ranges between ₹2.4 Lakhs to ₹3.6 Lakhs for experience between 3 years to 6 years. According to our estimates it is 39% less than the average Sales Manager 1 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Allianz Life Insurance India.

How does the salary of a Sales Manager 1 at Bajaj Allianz Life Insurance India compare with the average salary range for this job?

The average salary of a Sales Manager 1 at Bajaj Allianz Life Insurance is 39% less than the average salary of a Sales Manager 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bajaj Allianz Life Insurance to a Sales Manager 1 in India?

ICICI Prudential Life Insurance Sales Manager 1 Salary - ₹6.1 Lakhs to ₹9.5 Lakhs per year
Aditya Birla Sun Life Insurance Sales Manager 1 Salary - ₹4.0 Lakhs to ₹8.5 Lakhs per year
ICICI Lombard General Insurance Company Sales Manager 1 Salary - ₹3.8 Lakhs to ₹7.0 Lakhs per year
Tata AIA Life Insurance Sales Manager 1 Salary - ₹4.5 Lakhs to ₹6.0 Lakhs per year
Reliance Nippon Life Insurance Sales Manager 1 Salary - ₹4.3 Lakhs to ₹5.5 Lakhs per year

What is the salary of a Sales Manager 1 in companies similar to Bajaj Allianz Life Insurance in India?

HDFC Life Sales Manager 1 Salary - ₹3.0 Lakhs to ₹6.3 Lakhs per year
Kotak Mahindara Life Insurance Sales Manager 1 Salary - ₹3.6 Lakhs to ₹4.3 Lakhs per year
Max Life Insurance Sales Manager 1 Salary - ₹4.0 Lakhs to ₹4.4 Lakhs per year
PNB MetLife Sales Manager 1 Salary - ₹3.0 Lakhs to ₹5.0 Lakhs per year
HDFC Ergo General Insurance Sales Manager 1 Salary - ₹3.2 Lakhs to ₹4.0 Lakhs per year

What is the estimated take home salary of a Sales Manager 1 at Bajaj Allianz Life Insurance in India?

The estimated take-home salary of a Sales Manager 1 at Bajaj Allianz Life Insurance ranges between ₹22,352 per month to ₹23,830 per month in India. The take-home salary calculation is based on the average Bajaj Allianz Life Insurance Sales Manager 1 salary in India which ranges between ₹2.4 Lakhs to ₹3.6 Lakhs per year for employees with experience between 3 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Sales Manager 1 at Bajaj Allianz Life Insurance?

According to AmbitionBox, 67% of the Bajaj Allianz Life Insurance Sales Manager 1s reported a notice period of 1 Month, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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Bajaj Allianz Life Insurance Sales Manager 1 Salaries

Bajaj Allianz Life Insurance Sales Manager 1 salary in India ranges between ₹2.4 Lakhs to ₹3.6 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.