Bajaj Allianz Life Insurance Senior Business Manager Salaries by 40+ Employees (Updated 2024)

3 - 10 years exp.

₹3.6 Lakhs - ₹4.8 Lakhs

Salary of majority employees

70% less than the average Senior Business Manager Salary in Insurance Companies for 3 - 10 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Senior Business Manager Salary 3 - 8 years exp. (24 salaries)	₹3.6 L/yr - ₹4.8 L/yr
Customer Success, Service & Operations Senior Business Manager Salary 3 - 9 years exp. (4 salaries)	₹4.2 L/yr - ₹4.5 L/yr
Login to view exact salary
Sales & Business Development Senior Business Manager Salary 3 - 10 years exp. (4 salaries)	₹4 L/yr - ₹4.8 L/yr
Finance & Accounting Senior Business Manager Salary 3 - 7 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.5 L/yr

Last Updated: 28 Nov 2024

Companies similar to Bajaj Allianz Life Insurance for Senior Business Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Senior Business Manager Salary 5 - 8 years exp. (5 salaries)	₹3.5 L/yr - ₹6.5 L/yr 8% more
HDFC Life Senior Business Manager Salary 6 - 14 years exp. (3 salaries)	₹5.5 L/yr - ₹8.4 L/yr 85% more
Login to view exact salary
SBI Life Insurance Company Senior Business Manager Salary 5 - 10 years exp. (7 salaries)	₹6 L/yr - ₹8.5 L/yr 40% more
Max Life Insurance Senior Business Manager Salary 8 - 12 years exp. (3 salaries)	₹5.3 L/yr - ₹11.4 L/yr 66% more
Kotak Mahindara Life Insurance Senior Business Manager Salary 4 - 11 years exp. (4 salaries)	₹4.8 L/yr - ₹6.2 L/yr 19% more
Reliance Nippon Life Insurance Senior Business Manager Salary 3 - 10 years exp. (3 salaries)	₹3.5 L/yr - ₹3.8 L/yr 18% less
Tata AIA Life Insurance Senior Business Manager Salary 11 - 20 years exp. (5 salaries)	₹9.5 L/yr - ₹11.8 L/yr 151% more
PNB MetLife Senior Business Manager Salary 5 - 11 years exp. (44 salaries)	₹3.6 L/yr - ₹6.2 L/yr 5% more
SBI General Insurance Senior Business Manager Salary 5 - 8 years exp. (5 salaries)	₹4.9 L/yr - ₹6 L/yr 23% more
ICICI Lombard General Insurance Company Senior Business Manager Salary 1 - 6 years exp. (3 salaries)	₹3.4 L/yr - ₹4.6 L/yr At par

Senior Business Manager salary at Bajaj Allianz Life Insurance ranges between ₹3.6 Lakhs to ₹4.8 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 44 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Senior Business Manager salaries

Last Updated: 28 Nov 2024

Experience	Avg Annual Salary
3 years (11 salaries)	₹3.8 L/yr - ₹4.8 L/yr
4 years (9 salaries)	₹4 L/yr - ₹4.6 L/yr
Login to view exact salary
5 years (8 salaries)	₹3.8 L/yr - ₹4.5 L/yr
6 years (4 salaries)	₹3.6 L/yr - ₹4.8 L/yr
7 years (7 salaries)	₹3.6 L/yr - ₹4.5 L/yr
8 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹4.5 L/yr
9 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹4.5 L/yr
10 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹8.1 L/yr

View all

Similar Designation salaries in Bajaj Allianz Life Insurance

Senior Sales Manager Salary

(231 salaries)

₹2.2 L/yr - ₹5.1 L/yr

Area Business Manager Salary

(7 salaries)

₹3 L/yr - ₹8 L/yr

Business Manager Salary

(4 salaries)

₹4.5 L/yr - ₹5.15 L/yr

Regional Manager Salary

(106 salaries)

₹9.2 L/yr - ₹23 L/yr

Territory Sales Manager Salary

(12 salaries)

₹4.9 L/yr - ₹11.6 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹12.2 L/yr - ₹15.5 L/yr

Senior Business Development Manager Salary

(230 salaries)

₹4 L/yr - ₹6.6 L/yr

Area Sales Manager Salary

(34 salaries)

₹3.3 L/yr - ₹12.86 L/yr

Marketing Manager Salary

(10 salaries)

₹5 L/yr - ₹15 L/yr

Territory Manager Salary

(230 salaries)

₹3.65 L/yr - ₹9.18 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

4.8

Rated by 8 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.

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

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

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.

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.

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....

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

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

Got a question about Bajaj Allianz Life Insurance?

Ask anonymously on communities.

Bajaj Allianz Life Insurance Senior Business Manager Salary FAQs

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

Senior Business Manager salary at Bajaj Allianz Life Insurance in India ranges between ₹3.6 Lakhs to ₹4.8 Lakhs for experience between 3 years to 10 years. According to our estimates it is 70% less than the average Senior Business Manager Salary in India. Salary estimates are based on 44 latest salaries received from various employees of Bajaj Allianz Life Insurance India.

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

The average salary of a Senior Business Manager at Bajaj Allianz Life Insurance is 70% less than the average salary of a Senior Business Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bajaj Allianz Life Insurance to a Senior Business Manager in India?

Tata AIA Life Insurance Senior Business Manager Salary - ₹9.5 Lakhs to ₹11.8 Lakhs per year
HDFC Life Senior Business Manager Salary - ₹5.5 Lakhs to ₹8.4 Lakhs per year
Max Life Insurance Senior Business Manager Salary - ₹5.3 Lakhs to ₹11.4 Lakhs per year
SBI Life Insurance Company Senior Business Manager Salary - ₹6.0 Lakhs to ₹8.5 Lakhs per year
SBI General Insurance Senior Business Manager Salary - ₹4.9 Lakhs to ₹6.0 Lakhs per year

What is the salary of a Senior Business Manager in companies similar to Bajaj Allianz Life Insurance in India?

Kotak Mahindara Life Insurance Senior Business Manager Salary - ₹4.8 Lakhs to ₹6.2 Lakhs per year
ICICI Prudential Life Insurance Senior Business Manager Salary - ₹3.5 Lakhs to ₹6.5 Lakhs per year
PNB MetLife Senior Business Manager Salary - ₹3.6 Lakhs to ₹6.2 Lakhs per year
ICICI Lombard General Insurance Company Senior Business Manager Salary - ₹3.4 Lakhs to ₹4.6 Lakhs per year
Reliance Nippon Life Insurance Senior Business Manager Salary - ₹3.5 Lakhs to ₹3.8 Lakhs per year

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

The estimated take-home salary of a Senior Business Manager at Bajaj Allianz Life Insurance ranges between ₹32,724 per month to ₹33,997 per month in India. The take-home salary calculation is based on the average Bajaj Allianz Life Insurance Senior Business Manager salary in India which ranges between ₹3.6 Lakhs to ₹4.8 Lakhs per year for employees with experience between 3 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Senior Business Manager at Bajaj Allianz Life Insurance?

According to AmbitionBox, 80% of the Bajaj Allianz Life Insurance Senior Business Managers reported a notice period of 1 Month, 13% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 15 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Bajaj Allianz Life Insurance Senior Business Manager Salaries by Location

Home >
Salaries >
Bajaj Allianz Life Insurance Salaries >
Bajaj Allianz Life Insurance Senior Business Manager Salaries

Bajaj Allianz Life Insurance Senior Business Manager salary in India ranges between ₹3.6 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 44 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

Bajaj Allianz Life Insurance Senior Business Manager salaries in India

Companies similar to Bajaj Allianz Life Insurance for Senior Business Manager

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

Experience wise Bajaj Allianz Life Insurance Senior Business Manager salaries

Similar Designation salaries in Bajaj Allianz Life Insurance

Salary related reviews for Bajaj Allianz Life Insurance

Relationship Manager in Bangalore / Bengaluru

Sales Manager in New Delhi

Business Development Manager in Bokaro

Business Development Manager in Narnaul

Senior Business Development Manager in Soro

Bajaj Allianz Life Insurance Senior Business Manager Salary FAQs

Tell us how to improve this page.

Bajaj Allianz Life Insurance Senior Business Manager Salaries by Location