Bajaj Allianz Life Insurance Senior Bsm Manager Salaries by 6 Employees (Updated 2025)

0 - 11 years exp.

₹4.2 Lakhs - ₹4.5 Lakhs

Low Confidence

Salary of majority employees

35% less than the average Senior Bsm Manager Salary in Insurance Companies for 0 - 11 years of experience

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Salaries in different departments

Sales & Business Development Senior Bsm Manager Salary 0 - 6 years exp. (4 salaries)	₹4.2 L/yr - ₹4.5 L/yr
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BFSI, Investments & Trading Senior Bsm Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹4.5 L/yr

Last Updated: 17 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for Senior Bsm Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Senior Bsm Manager Salary 6 years exp. (4 salaries)	₹6 L/yr - ₹9 L/yr 71% more
ICICI Bank Senior Bsm Manager Salary 0 - 12 years exp. (9 salaries)	₹8 L/yr - ₹12.7 L/yr 128% more
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SBFC Finance Senior Bsm Manager Salary 1 - 5 years exp. (6 salaries)	₹2.8 L/yr - ₹4 L/yr 20% less
HDFC Bank Senior Bsm Manager Salary 7 - 11 years exp. (5 salaries)	₹6 L/yr - ₹9.2 L/yr 63% more
Kotak Mahindra Bank Senior Bsm Manager Salary 8 - 10 years exp. (5 salaries)	₹5.2 L/yr - ₹8.1 L/yr 52% more

Senior Bsm Manager salary at Bajaj Allianz Life Insurance ranges between ₹4.2 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 6 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Senior Bsm Manager salaries

Last Updated: 17 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4.2 L/yr - ₹8.1 L/yr
1 year (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
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2 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
3 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
4 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹8.1 L/yr
5 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.1 L/yr
6 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.2 L/yr
7 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
8 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
9 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
10 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.2 L/yr
11 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.2 L/yr

View all

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Salary related reviews for Bajaj Allianz Life Insurance

2.4

Rated by 6 employees for salary & benefits

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

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

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.

Senior Relationship Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 25 Jun 2023

5.0

for Salary and Benefits

Likes

One of the best company to work and earn money , we can earn more incentives than salary, overall this is the best company in all insurance sectors.

Salary - Excellent

+6 more

Dislikes

In banca channel, the company heads and co-heads has to interact with the bankers for freshers encouragement

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

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Bajaj Allianz Life Insurance Senior Bsm Manager Salary FAQs

What is the salary of Senior Bsm Manager at Bajaj Allianz Life Insurance ?

The average salary of a Senior Bsm Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹4.2 Lakhs to ₹4.5 Lakhs per year, depending on experience (from Fresher to 11 years).

The top 10% of Senior Bsm Manager at Bajaj Allianz Life Insurance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Senior Bsm 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 6 Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Senior Bsm Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹33,763 to ₹35,021 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from Fresher to 11 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 6 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 Senior Bsm Manager in India?

ICICI Bank	₹8.0 Lakhs to ₹12.7 Lakhs per year
Kotak Mahindara Life Insurance	₹6.0 Lakhs to ₹9.0 Lakhs per year
HDFC Bank	₹6.0 Lakhs to ₹9.2 Lakhs per year
Kotak Mahindra Bank	₹5.2 Lakhs to ₹8.1 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 Senior Bsm Manager in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Senior Bsm 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:

SBFC Finance

₹2.8 Lakhs to ₹4.0 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 Senior Bsm Manager at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹4.2 Lakhs to ₹8.1 Lakhs per year
1 year	₹4.1 Lakhs to ₹5.2 Lakhs per year
2 years	₹4.1 Lakhs to ₹5.2 Lakhs per year
3 years	₹4.1 Lakhs to ₹5.2 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Senior Bsm Manager Salaries

Bajaj Allianz Life Insurance Senior Bsm Manager salary in India ranges between ₹4.2 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.