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3.9

based on 5.1k Reviews

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Bajaj Allianz Life Insurance Senior Business Development Manager salaries in India (Updated 2025)

Annual salary range
1 - 10 years exp.
₹4 Lakhs - ₹6.8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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58% less than the average Senior Business Development Manager Salary in Insurance Companies for 1 - 10 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Senior Business Development Manager Salary
1 - 10 years exp. (65 salaries)
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₹4 L/yr - ₹6.8 L/yr

BFSI, Investments & Trading
Senior Business Development Manager Salary
1 - 10 years exp. (45 salaries)
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₹4 L/yr - ₹6 L/yr

Marketing & Communication
Senior Business Development Manager Salary
2 - 10 years exp. (15 salaries)
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₹4 L/yr - ₹4.7 L/yr

Customer Success, Service & Operations
Senior Business Development Manager Salary
3 - 10 years exp. (5 salaries)
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₹4.2 L/yr - ₹4.7 L/yr

Finance & Accounting
Senior Business Development Manager Salary
1 - 4 years exp. (4 salaries)
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₹4.5 L/yr - ₹4.7 L/yr

Last Updated: 2 Apr 2025

Companies similar to Bajaj Allianz Life Insurance for Senior Business Development Manager

Company name Avg Annual Salary Open Jobs
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SBI Life Insurance Company Senior Business Development Manager Salary

5 - 13 years exp. (207 salaries)
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₹3.4 L/yr - ₹8.5 L/yr

arrow icon 26% more
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ICICI Lombard General Insurance Company Senior Business Development Manager Salary

3 - 15 years exp. (39 salaries)
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₹3.8 L/yr - ₹14 L/yr

arrow icon 97% more
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Niva Bupa Health Insurance Company Senior Business Development Manager Salary

3 - 11 years exp. (15 salaries)
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₹4 L/yr - ₹6.5 L/yr

arrow icon 1% more
 1 job opening
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Axis Max Life Insurance Senior Business Development Manager Salary

4 - 18 years exp. (17 salaries)
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₹5.3 L/yr - ₹8.2 L/yr

arrow icon 43% more
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Bajaj Allianz General Insurance Senior Business Development Manager Salary

1 - 11 years exp. (12 salaries)
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₹4.5 L/yr - ₹5.8 L/yr

arrow icon 6% more
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ICICI Prudential Life Insurance Senior Business Development Manager Salary

1 - 8 years exp. (11 salaries)
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₹2.8 L/yr - ₹6 L/yr

arrow icon 13% less
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Kotak Mahindara Life Insurance Senior Business Development Manager Salary

4 - 9 years exp. (8 salaries)
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₹3.6 L/yr - ₹6.5 L/yr

arrow icon 19% more
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Shriram Life Insurance Senior Business Development Manager Salary

1 - 7 years exp. (8 salaries)
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₹2.7 L/yr - ₹4.8 L/yr

arrow icon 12% less
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Aditya Birla Sun Life Insurance Senior Business Development Manager Salary

4 - 15 years exp. (5 salaries)
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₹10.5 L/yr - ₹13 L/yr

arrow icon 151% more
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Reliance Nippon Life Insurance Senior Business Development Manager Salary

3 - 8 years exp. (7 salaries)
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₹4.4 L/yr - ₹6.5 L/yr

arrow icon 7% more
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Aditya Birla Health Insurance Co Senior Business Development Manager Salary

1 - 13 years exp. (4 salaries)
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₹4.2 L/yr - ₹12 L/yr

arrow icon 87% more
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HDFC Life Senior Business Development Manager Salary

1 - 10 years exp. (4 salaries)
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₹3 L/yr - ₹5 L/yr

arrow icon 14% less
 1 job opening
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Allianz Partners Senior Business Development Manager Salary

9 - 11 years exp. (3 salaries)
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₹15.4 L/yr - ₹18.2 L/yr

arrow icon 250% more
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Tata AIG Senior Business Development Manager Salary

4 - 12 years exp. (3 salaries)
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₹5 L/yr - ₹12 L/yr

arrow icon 86% more
Senior Business Development Manager salary at Bajaj Allianz Life Insurance ranges between ₹4 Lakhs to ₹6.8 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 169 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Senior Business Development Manager

1w ago
₹4.5 Lakhs
4 years exp.
3w ago
₹5 Lakhs
5 years exp.
3w ago
₹4.5 Lakhs
2 years exp.
1mo ago
₹5 Lakhs
6 years exp.
1mo ago
₹4 Lakhs
4 years exp.
1mo ago
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8 years exp.
1mo ago
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9 years exp.
2mo ago
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4 years exp.
2mo ago
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7 years exp.
2mo ago
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10 years exp.

Experience wise Bajaj Allianz Life Insurance Senior Business Development Manager salaries

Last Updated: 2 Apr 2025

Experience Avg Annual Salary
1 year  (6 salaries)

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₹4.5 L/yr - ₹5 L/yr
2 years  (10 salaries)

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₹4.1 L/yr - ₹8.3 L/yr
3 years  (14 salaries)

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₹4 L/yr - ₹4.8 L/yr
4 years  (25 salaries)

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₹4 L/yr - ₹6 L/yr
5 years  (20 salaries)

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₹4 L/yr - ₹5 L/yr
View all

Similar Designation salaries in Bajaj Allianz Life Insurance

Business Development Manager Salary
(192 salaries)
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₹3 L/yr - ₹6 L/yr
Senior Business Development Executive Salary
(4 salaries)
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₹4.25 L/yr - ₹4.5 L/yr
Business Development Associate Salary
(4 salaries)
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₹1 L/yr - ₹4 L/yr
Business Development Executive Salary
(13 salaries)
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₹2.4 L/yr - ₹4.1 L/yr
Senior Sales Manager Salary
(159 salaries)
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₹2.4 L/yr - ₹4.5 L/yr
Area Business Manager Salary
(4 salaries)
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₹3.2 L/yr - ₹10 L/yr
Business Manager Salary
(6 salaries)
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₹3.35 L/yr - ₹5.15 L/yr
Territory Sales Manager Salary
(9 salaries)
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₹4.9 L/yr - ₹9.1 L/yr
Regional Manager Salary
(117 salaries)
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₹7 L/yr - ₹23 L/yr
Zonal Sales Manager Salary
(4 salaries)
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₹12 L/yr - ₹38 L/yr

Top skills at Bajaj Allianz Life Insurance for Senior Business Development Manager

Bfsi Sales Business Development Management Sales Life Insurance Distribution Insurance Sales Life Insurance Insurance Sales agency Sales Management Agency Sales Insurance Advisory agency development Agent Recruitment Agency Channel

Salary related reviews for Bajaj Allianz Life Insurance

4.1

Rated by 81 employees for salary & benefits

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.

read 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.

read more

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.

read more
  • 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.

read more

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

read more
  • 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.

read more

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.

read more
  • Skill development - Bad
    • +4 more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions
1w (edited)
an inside sales executive
Unexpected job policies: stay or switch?
I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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Bajaj Allianz Life Insurance Senior Business Development Manager Salary FAQs

What is the salary of Senior Business Development Manager at Bajaj Allianz Life Insurance ?
The average salary of a Senior Business Development Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹4.0 Lakhs to ₹6.8 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Senior Business Development Manager at Bajaj Allianz Life Insurance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹6.6 Lakhs per year. Senior Business Development 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 100+ Bajaj Allianz Life Insurance employees in India.
What is the estimated take home salary of a Senior Business Development Manager at Bajaj Allianz Life Insurance in India?
The estimated take-home salary of a Senior Business Development Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹34,852 to ₹36,094 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹6.8 Lakhs per year for employees with experience ranging from 1 year to 10 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 100+ 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 Senior Business Development Manager at Bajaj Allianz Life Insurance ?
To be a Senior Business Development Manager at Bajaj Allianz Life Insurance in india, the key skills required include:

  • - Bfsi Sales
  • - Business Development Management
  • - Sales
  • - Life Insurance
  • - Distribution

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 Senior Business Development Manager in India?
Allianz Partners ₹15.4 Lakhs to ₹18.2 Lakhs per year
Aditya Birla Sun Life Insurance ₹10.5 Lakhs to ₹13.0 Lakhs per year
ICICI Lombard General Insurance Company ₹3.8 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Health Insurance Co ₹4.2 Lakhs to ₹12.0 Lakhs per year
Tata AIG ₹5.0 Lakhs to ₹12.0 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 Senior Business Development Manager in companies similar to Bajaj Allianz Life Insurance in India?
The salary of a Senior Business Development 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:

Axis Max Life Insurance ₹5.3 Lakhs to ₹8.2 Lakhs per year
SBI Life Insurance Company ₹3.4 Lakhs to ₹8.5 Lakhs per year
Kotak Mahindara Life Insurance ₹3.6 Lakhs to ₹6.5 Lakhs per year
Reliance Nippon Life Insurance ₹4.4 Lakhs to ₹6.5 Lakhs per year
Bajaj Allianz General Insurance ₹4.5 Lakhs to ₹5.8 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 Business Development Manager at Bajaj Allianz Life Insurance in India?
The salary growth for a Senior Business Development Manager at Bajaj Allianz Life Insurance depends on factors such as experience, performance, and promotions. On average, a Senior Business Development Manager can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience Average Salary Range
1 year ₹4.5 Lakhs to ₹5.0 Lakhs per year
2 years ₹4.1 Lakhs to ₹8.3 Lakhs per year
3 years ₹4.0 Lakhs to ₹4.8 Lakhs per year
4 years ₹4.0 Lakhs to ₹6.0 Lakhs per year
and so on.

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Bajaj Allianz Life Insurance Senior Business Development Manager Salaries by Location

Bajaj Allianz Life Insurance Senior Business Development Manager salary in India ranges between ₹4 Lakhs to ₹6.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 169 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.