Annual salary range
0 - 12 years exp.
₹4
Lakhs - ₹6.8
Lakhs
Salary of majority employees
Avg. annual salary
Monthly In-hand Salary
58% less than the average Senior Business Development Manager Salary in Insurance Companies for 0 - 12 years of experience
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Salaries in different departments
Sales & Business Development
Senior Business Development Manager Salary
0 - 12
years
exp.
(76
salaries)
|  ₹4 L/yr - ₹6.8 L/yr |
BFSI, Investments & Trading
Senior Business Development Manager Salary
0 - 12
years
exp.
(56
salaries)
| ₹4 L/yr - ₹6 L/yr |
Login to view exact salary
| |
Marketing & Communication
Senior Business Development Manager Salary
2 - 12
years
exp.
(18
salaries)
| ₹4 L/yr - ₹4.6 L/yr |
Customer Success, Service & Operations
Senior Business Development Manager Salary
3 - 10
years
exp.
(6
salaries)
| ₹4.2 L/yr - ₹4.7 L/yr |
Finance & Accounting
Senior Business Development Manager Salary
1 - 6
years
exp.
(5
salaries)
| ₹4.5 L/yr - ₹4.7 L/yr |
Companies similar to Bajaj Allianz Life Insurance for Senior Business Development Manager
26%
more
13%
less
Senior Business Development Manager salary at Bajaj Allianz Life Insurance ranges between ₹4
Lakhs
to ₹6.8
Lakhs
per year for employees with less than 1 year of experience to 12 years. Salary
estimates are based on
200 latest salaries received
from various employees of Bajaj Allianz Life Insurance.
Latest annual salaries shared by Bajaj Allianz Life Insurance Senior Business Development Manager
2d ago
₹4.5
Lakhs
4
years
exp.
2w ago
₹5
Lakhs
5
years
exp.
2w ago
₹4.5
Lakhs
2
years
exp.
4w ago
₹5
Lakhs
6
years
exp.
1mo ago
₹4
Lakhs
4
years
exp.
1mo ago
8
years
exp.
1mo ago
9
years
exp.
1mo ago
4
years
exp.
1mo ago
7
years
exp.
2mo ago
12
years
exp.
Experience wise Bajaj Allianz Life Insurance Senior Business Development Manager salaries
Last Updated: 2 Apr 2025
| Experience | Avg Annual Salary |
|---|---|
| Fresher (AmbitionBox Estimate) |
₹4.2
L/yr
- ₹5.3
L/yr
|
| 1 year (5 salaries) |
₹4.5
L/yr
- ₹5
L/yr
|
Login to view exact salary
| |
| 2 years (10 salaries) |
₹4.1
L/yr
- ₹8.3
L/yr
|
| 3 years (15 salaries) |
₹4
L/yr
- ₹6
L/yr
|
| 4 years (25 salaries) |
₹4
L/yr
- ₹6
L/yr
|
View all
Similar Designation salaries in Bajaj Allianz Life Insurance
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
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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
·
works at
Georgia-Pacific
New offer. Confused.
My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133.
I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter).
This new position is closer to my home and does not involve night shifts. The offer letter is attached.
I have also requested a ₹95,000 monthly salary increase and am awaiting their response.
Could someone advise me on whether I should accept the new offer or remain in my current role?
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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 Fresher to 12 years).
The top 10% of Senior Business Development Manager at Bajaj Allianz Life Insurance earn more than ₹4.9 Lakhs per year, and the top 1% earn over ₹6.0 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 200+ Bajaj Allianz Life Insurance employees in India.
The top 10% of Senior Business Development Manager at Bajaj Allianz Life Insurance earn more than ₹4.9 Lakhs per year, and the top 1% earn over ₹6.0 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 200+ 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 ₹34,738 to ₹35,981 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 Fresher to 12 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 200+ 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:
These skills are highly valued at Bajaj Allianz Life Insurance and are crucial for successful performance in a Software Engineering role.
- - 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:
These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
| 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:
and so on.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹4.2 Lakhs to ₹5.3 Lakhs per year |
| 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 ₹6.0 Lakhs per year |
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Bajaj Allianz Life Insurance Senior Business Development Manager Salaries by Location
- Bajaj Allianz Life Insurance Senior Business Development Manager salaries in Kolkata
- Bajaj Allianz Life Insurance Senior Business Development Manager salaries in New Delhi
- Bajaj Allianz Life Insurance Senior Business Development Manager salaries in Mumbai
- Bajaj Allianz Life Insurance Senior Business Development Manager salaries in Chennai
- Bajaj Allianz Life Insurance Senior Business Development Manager salaries in Hyderabad / Secunderabad
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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
₹. Salary estimates are based on
200
Bajaj Allianz Life Insurance latest salaries received from various employees of
Bajaj Allianz Life Insurance.