Bajaj Allianz Life Insurance Mumbai Sales Manager Salaries by 10+ Employees (Updated 2025)

0 - 8 years exp.

₹2.4 Lakhs - ₹7 Lakhs

Salary of majority employees

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

Interested in this particular role? 9 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
HDFC Life Sales Manager Salary 0 - 10 years exp. (91 salaries)	₹2.2 L/yr - ₹7.5 L/yr 38% more	4 job openings
ICICI Prudential Life Insurance Sales Manager Salary 0 - 9 years exp. (114 salaries)	₹3 L/yr - ₹10 L/yr 92% more	12 job openings
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SBI Life Insurance Company Sales Manager Salary 2 - 10 years exp. (3 salaries)	₹3.5 L/yr - ₹5.6 L/yr 11% more
Max Life Insurance Sales Manager Salary 0 - 11 years exp. (72 salaries)	₹2.3 L/yr - ₹6 L/yr 24% more	3 job openings
Tata AIA Life Insurance Sales Manager Salary 4 - 10 years exp. (21 salaries)	₹3.5 L/yr - ₹7.9 L/yr 69% more	19 job openings
ICICI Lombard General Insurance Company Sales Manager Salary 1 - 15 years exp. (98 salaries)	₹3.5 L/yr - ₹11.5 L/yr 93% more	1 job opening
Kotak Mahindara Life Insurance Sales Manager Salary 0 - 10 years exp. (72 salaries)	₹2.6 L/yr - ₹5.5 L/yr 25% more	7 job openings
Bajaj Allianz General Insurance Sales Manager Salary 0 - 12 years exp. (69 salaries)	₹2.4 L/yr - ₹6.6 L/yr 37% more	68 job openings
Aditya Birla Health Insurance Co Sales Manager Salary 0 - 7 years exp. (67 salaries)	₹2.7 L/yr - ₹5.1 L/yr 18% more
Aditya Birla Sun Life Insurance Sales Manager Salary 1 - 10 years exp. (41 salaries)	₹2.5 L/yr - ₹9.5 L/yr 81% more
Tata AIG Sales Manager Salary 2 - 13 years exp. (30 salaries)	₹3.2 L/yr - ₹9.4 L/yr 84% more
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HDFC Ergo General Insurance Sales Manager Salary 1 - 8 years exp. (26 salaries)	₹3 L/yr - ₹6.5 L/yr 24% more
Reliance Nippon Life Insurance Sales Manager Salary 0 - 10 years exp. (24 salaries)	₹1.5 L/yr - ₹6 L/yr 1% less
PNB MetLife Sales Manager Salary 1 - 9 years exp. (4 salaries)	₹3 L/yr - ₹4 L/yr At par	104 job openings
Niva Bupa Health Insurance Company Sales Manager Salary 4 - 7 years exp. (4 salaries)	₹3.9 L/yr - ₹6.1 L/yr 16% 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)	₹2.4 L/yr - ₹5.8 L/yr
1 year (3 salaries)	₹2.5 L/yr - ₹3.5 L/yr
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2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.1 L/yr
3 years (5 salaries)	₹2.4 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.6 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.1 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 L/yr - ₹7 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 - 20 years exp.

156% hike

Senior Branch Manager 9 - 21 years exp.

22% hike

Similar Designation salaries in Bajaj Allianz Life Insurance

Deputy Manager Salary

(66 salaries)

₹5 L/yr - ₹16.5 L/yr

Senior Sales Manager Salary

(16 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 Channel Sales

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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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Bajaj Allianz Life Insurance Sales Manager Salary FAQs

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

Sales Manager salary at Bajaj Allianz Life Insurance in Mumbai ranges between ₹2.4 Lakhs to ₹7.0 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 48% less than the average Sales Manager Salary in India. Salary estimates are based on 19 latest salaries received from various employees of Bajaj Allianz Life Insurance Mumbai.

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

The average salary of a Sales Manager at Bajaj Allianz Life Insurance is 48% less than the average salary of a Sales Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Sales Manager at Bajaj Allianz Life Insurance?

Sales Management, Life Insurance, Sales, Insurance Sales and Agency Sales are some of the popular skills required to work as a Sales Manager at Bajaj Allianz Life Insurance Mumbai.

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

ICICI Lombard General Insurance Company Sales Manager Salary - ₹3.5 Lakhs to ₹11.5 Lakhs per year
ICICI Prudential Life Insurance Sales Manager Salary - ₹3.0 Lakhs to ₹10.0 Lakhs per year
Tata AIG Sales Manager Salary - ₹3.2 Lakhs to ₹9.4 Lakhs per year
Aditya Birla Sun Life Insurance Sales Manager Salary - ₹2.5 Lakhs to ₹9.5 Lakhs per year
Tata AIA Life Insurance Sales Manager Salary - ₹3.5 Lakhs to ₹7.9 Lakhs per year

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

HDFC Life Sales Manager Salary - ₹2.2 Lakhs to ₹7.5 Lakhs per year
Bajaj Allianz General Insurance Sales Manager Salary - ₹2.4 Lakhs to ₹6.6 Lakhs per year
Kotak Mahindara Life Insurance Sales Manager Salary - ₹2.6 Lakhs to ₹5.5 Lakhs per year
Max Life Insurance Sales Manager Salary - ₹2.3 Lakhs to ₹6.0 Lakhs per year
HDFC Ergo General Insurance Sales Manager Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year

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 ranges between ₹25,867 per month to ₹27,293 per month in Mumbai. The take-home salary calculation is based on the average Bajaj Allianz Life Insurance Sales Manager salary in India which ranges between ₹2.4 Lakhs to ₹7.0 Lakhs per year for employees with less than 1 year of experience to 8 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 86% of the Bajaj Allianz Life Insurance Sales Managers in Mumbai reported a notice period of 1 Month, 14% reported a notice period of 15 days or less.This is based on 7 responses on AmbitionBox in last 2 years.

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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.