Bajaj Allianz Life Insurance Mumbai Sales Manager Salaries by 10+ Employees

0 - 8 years exp.

₹2.4 Lakhs - ₹7 Lakhs

Avg. annual salary

Monthly In-hand Salary

48% less than the average Sales Manager Salary in Insurance Companies for 0 - 8 years of experience

Interested in this particular role? 17 job openings

Salaries in different departments

BFSI, Investments & Trading Sales Manager Salary 0 - 8 years exp. (9 salaries)	₹2.4 L/yr - ₹7 L/yr
Sales & Business Development Sales Manager Salary 4 - 6 years exp. (3 salaries)	₹3.6 L/yr - ₹4.1 L/yr
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Marketing & Communication Sales Manager Salary 5 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.9 L/yr

Last Updated: 31 Jul 2024

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

Bajaj Allianz Life Insurance Sales Manager Salary

0 - 8 years exp. (19 salaries)

₹2.4 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Sales Manager Salary 0 - 9 years exp. (116 salaries)	₹3 L/yr - ₹10 L/yr 95% more	26 job openings
ICICI Lombard General Insurance Company Sales Manager Salary 1 - 14 years exp. (93 salaries)	₹3.9 L/yr - ₹11.6 L/yr 89% more	1 job opening
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HDFC Life Sales Manager Salary 0 - 10 years exp. (91 salaries)	₹2.2 L/yr - ₹7.5 L/yr 39% more	4 job openings
Kotak Mahindara Life Insurance Sales Manager Salary 0 - 10 years exp. (75 salaries)	₹2.6 L/yr - ₹5.8 L/yr 25% more	5 job openings
Axis Max Life Insurance Sales Manager Salary 0 - 9 years exp. (70 salaries)	₹2.8 L/yr - ₹6 L/yr 25% more	2 job openings
Bajaj Allianz General Insurance Sales Manager Salary 0 - 11 years exp. (67 salaries)	₹2.4 L/yr - ₹6.6 L/yr 30% more	85 job openings
Aditya Birla Health Insurance Co Sales Manager Salary 0 - 7 years exp. (65 salaries)	₹2.7 L/yr - ₹5.1 L/yr 17% more
Aditya Birla Sun Life Insurance Sales Manager Salary 1 - 10 years exp. (42 salaries)	₹2.5 L/yr - ₹9.5 L/yr 92% more
Tata AIG Sales Manager Salary 2 - 15 years exp. (31 salaries)	₹2.5 L/yr - ₹10.5 L/yr 83% more
HDFC Ergo General Insurance Sales Manager Salary 1 - 8 years exp. (26 salaries)	₹3 L/yr - ₹6.5 L/yr 23% more
Reliance Nippon Life Insurance Sales Manager Salary 0 - 10 years exp. (20 salaries)	₹1.5 L/yr - ₹5 L/yr 9% less
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Tata AIA Life Insurance Sales Manager Salary 5 - 10 years exp. (20 salaries)	₹3.5 L/yr - ₹7.9 L/yr 67% more	4 job openings
Niva Bupa Health Insurance Company Sales Manager Salary 4 - 7 years exp. (4 salaries)	₹3.9 L/yr - ₹6.1 L/yr 26% more	3 job openings
SBI Life Insurance Company Sales Manager Salary 2 - 10 years exp. (3 salaries)	₹3.2 L/yr - ₹5.6 L/yr 6% more	1 job opening

Sales Manager salary at Bajaj Allianz Life Insurance ranges between ₹2.4 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 19 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Sales Manager salaries in Mumbai

Last Updated: 31 Jul 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
1 year (3 salaries)	₹2.5 L/yr - ₹3.5 L/yr
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2 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
3 years (5 salaries)	₹2.4 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
6 years (3 salaries)	₹3.6 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
8 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr

View all

From

Sales Manager

₹

Lakhs/yr

0 - 8 years exp.

Chief Branch Manager

₹

Lakhs/yr

10 - 21 years exp.

Sales Manager

0 - 8 years exp.

Branch Manager

7 - 18 years exp.

140% hike

Senior Branch Manager

9 - 21 years exp.

29% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Bajaj Allianz Life Insurance

Deputy Manager Salary

(74 salaries)

₹5 L/yr - ₹16.5 L/yr

Senior Sales Manager Salary

(18 salaries)

₹3 L/yr - ₹4.5 L/yr

Branch Manager Salary

(11 salaries)

₹5.1 L/yr - ₹11 L/yr

Area Manager Salary

(11 salaries)

₹5 L/yr - ₹13 L/yr

Area Sales Manager Salary

(4 salaries)

₹5 L/yr - ₹12 L/yr

Top skills at Bajaj Allianz Life Insurance for Sales Manager

Sales Management Life Insurance Sales Insurance Sales Agency Sales General Insurance Agent Recruitment Agency Channel Insurance Direct Sales Relationship Management Motor Insurance Bancassurance Business Development Salesforce

Salary related reviews for Bajaj Allianz Life Insurance

2.1

Rated by 5 employees for salary & benefits

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

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

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.

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

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....

Salary - Good

+6 more

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.

see more salary related reviews

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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

Nagarro offer: Kindly Help me to decide

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Bajaj Allianz Life Insurance Sales Manager Salary FAQs

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

The average salary of a Sales Manager at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹2.4 Lakhs to ₹7.0 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Sales Manager in Mumbai at Bajaj Allianz Life Insurance earn more than ₹4.7 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Sales 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 10+ Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Sales Manager at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹25,979 to ₹27,404 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from Fresher to 8 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 Sales Manager at Bajaj Allianz Life Insurance in Mumbai?

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

- Sales Management
- Life Insurance
- Sales
- Insurance Sales
- Agency Sales

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 Sales Manager in India?

ICICI Prudential Life Insurance	₹3.0 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.5 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company	₹3.9 Lakhs to ₹11.6 Lakhs per year
Tata AIG	₹2.5 Lakhs to ₹10.5 Lakhs per year
Tata AIA Life Insurance	₹3.5 Lakhs to ₹7.9 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 Manager in companies similar to Bajaj Allianz Life Insurance in Mumbai?

The salary of a Sales 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:

HDFC Life	₹2.2 Lakhs to ₹7.5 Lakhs per year
Bajaj Allianz General Insurance	₹2.4 Lakhs to ₹6.6 Lakhs per year
Niva Bupa Health Insurance Company	₹3.9 Lakhs to ₹6.1 Lakhs per year
Kotak Mahindara Life Insurance	₹2.6 Lakhs to ₹5.8 Lakhs per year
Axis Max Life Insurance	₹2.8 Lakhs to ₹6.0 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 Sales Manager at Bajaj Allianz Life Insurance in Mumbai?

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

Experience	Average Salary Range
Fresher	₹2.9 Lakhs to ₹3.7 Lakhs per year
1 year	₹2.5 Lakhs to ₹3.5 Lakhs per year
2 years	₹3.0 Lakhs to ₹3.9 Lakhs per year
3 years	₹2.4 Lakhs to ₹4.1 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Sales Manager Salaries in Mumbai

Bajaj Allianz Life Insurance Sales Manager salary in Mumbai ranges between ₹2.4 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 19 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.