Bajaj Allianz Life Insurance Sbdm Salaries by 10+ Employees

5 - 16 years exp.

₹4.2 Lakhs - ₹5 Lakhs

Avg. annual salary

Monthly In-hand Salary

23% less than the average Sbdm Salary in Insurance Companies for 5 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Sbdm Salary 7 - 9 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹4.7 L/yr
Customer Success, Service & Operations Sbdm Salary 10 - 13 years exp. (AmbitionBox Estimate)	₹4.2 L/yr - ₹4.5 L/yr
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Sales & Business Development Sbdm Salary 7 - 16 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹4.9 L/yr
Marketing & Communication Sbdm Salary 15 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹4.5 L/yr

Last Updated: 10 Oct 2024

Companies similar to Bajaj Allianz Life Insurance for Sbdm

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Sbdm Salary 1 - 9 years exp. (11 salaries)	₹3 L/yr - ₹4.4 L/yr 11% less
IndusInd Bank Sbdm Salary 2 - 5 years exp. (7 salaries)	₹3.6 L/yr - ₹4.5 L/yr 5% less
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SBI General Insurance Sbdm Salary 4 - 15 years exp. (7 salaries)	₹4 L/yr - ₹6 L/yr 9% more
IndiaFirst Life Insurance Sbdm Salary 9 - 14 years exp. (6 salaries)	₹5 L/yr - ₹6.5 L/yr 28% more

Sbdm salary at Bajaj Allianz Life Insurance ranges between ₹4.2 Lakhs to ₹5 Lakhs per year for employees with experience between 5 years to 16 years. Salary estimates are based on 11 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Sbdm salaries

Last Updated: 10 Oct 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.2 L/yr
6 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
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7 years (3 salaries)	₹4.5 L/yr - ₹5 L/yr
8 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.7 L/yr
9 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹8.2 L/yr
10 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹8.2 L/yr
11 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
12 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
13 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.2 L/yr
14 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
15+ years (AmbitionBox Estimate)	₹4.5 L/yr - ₹4.8 L/yr

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Salary related reviews for Bajaj Allianz Life Insurance

5.0

Rated by 7 employees for salary & benefits

AM Human Resource in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Mar 2025

5.0

for Salary and Benefits

Likes

In bajaj salary credit on time always.

Salary - Excellent

Dislikes

In Bajaj there is no upgrade in ur role and responsibilities and no one want to upgrade your. No extra skill learning activities done. As relevant work of ur role.

Job security - Poor

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

Senior Area Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Mar 2025

1.0

for Salary and Benefits

Likes

Nothing is there to like to this company...

Dislikes

Here there is no system for credit the salary and it's based on Manager's wish . If Manager wants to hold the salary, he can without any reason also... So Bajaj is not better choice for who works harldy with honesty....

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.

Senior Executive in Mumbai

Full Time

Product Management Department

1.0

• posted on 24 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing.

Dislikes

...w manager are treated the worst. Designation will not help you find another job. No increment or promotion unless you are from tier 1 college or your salary is above 30 lpa. Skill development is only provided for the person belonging to their community. Senior positions are occupied by Malyalam speaking community and hence increment and promotions are only for them. No outdoor trips as it's only applicable for senior positions. Junior employees don't stay more than 3 months in the company. Company culture is the worst across Bajaj companies. They treat employees in such a way that they should jump off their building and end their lives as they encourage their family members and friends in other companies to not hire their team members. Hence an employee is stuck for rest of their lives in the same place with the lowest salary.

Salary - Bad

+6 more

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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

Option 1

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Bajaj Allianz Life Insurance Sbdm Salary FAQs

What is the salary of Sbdm at Bajaj Allianz Life Insurance ?

The average salary of a Sbdm at Bajaj Allianz Life Insurance in India typically ranges from ₹4.2 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 5 years to 16 years).

The top 10% of Sbdm at Bajaj Allianz Life Insurance earn more than ₹4.9 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Sbdm 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 Sbdm at Bajaj Allianz Life Insurance in India?

The estimated take-home salary of a Sbdm at Bajaj Allianz Life Insurance in India typically ranges from ₹33,922 to ₹35,178 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 5 years to 16 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.

Which companies offer higher salaries than Bajaj Allianz Life Insurance for Sbdm in India?

IndiaFirst Life Insurance	₹5.0 Lakhs to ₹6.5 Lakhs per year
SBI General Insurance	₹4.0 Lakhs to ₹6.0 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 Sbdm in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Sbdm 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:

IndusInd Bank	₹3.6 Lakhs to ₹4.5 Lakhs per year
SBI Life Insurance Company	₹3.0 Lakhs to ₹4.4 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 Sbdm at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
5 years	₹4.5 Lakhs to ₹8.2 Lakhs per year
6 years	₹4.1 Lakhs to ₹5.2 Lakhs per year
7 years	₹4.5 Lakhs to ₹5.0 Lakhs per year
8 years	₹1.8 Lakhs to ₹4.7 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Sbdm Salaries

Bajaj Allianz Life Insurance Sbdm salary in India ranges between ₹4.2 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

Bajaj Allianz Life Insurance Sbdm salaries in India

Companies similar to Bajaj Allianz Life Insurance for Sbdm

Latest annual salaries shared by Bajaj Allianz Life Insurance Sbdm

Experience wise Bajaj Allianz Life Insurance Sbdm salaries

Salary related reviews for Bajaj Allianz Life Insurance

AM Human Resource in Mumbai

Executive Relationship Manager in Kohima

Senior Area Manager in Hyderabad / Secunderabad

Executive Relationship Manager in Bankura

Senior Executive in Mumbai

Bajaj Allianz Life Insurance Sbdm Salary FAQs

Tell us how to improve this page.