Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by Bajaj Allianz Life Insurance Team. If you also belong to the team, you can get access from here

Bajaj Allianz Life Insurance Verified Tick

Compare button icon Compare button icon Compare
filter salariesFilter salaries by

Bajaj Allianz Life Insurance Senior Cluster Manager salaries in Mumbai (Updated 2025)

Annual salary range
8 - 17 years exp.
₹7.6 Lakhs - ₹13.5 Lakhs
Avg. annual salary
unlock blur

Monthly In-hand Salary

unlock blur

24% less than the average Senior Cluster Manager Salary in Insurance Companies for 8 - 17 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Senior Cluster Manager Salary
8 - 16 years exp. (10 salaries)
unlock-blur

₹9.2 L/yr - ₹12 L/yr

BFSI, Investments & Trading
Senior Cluster Manager Salary
9 - 17 years exp. (9 salaries)
unlock-blur

₹7.6 L/yr - ₹12.6 L/yr

Customer Success, Service & Operations
Senior Cluster Manager Salary
15 - 16 years exp. (AmbitionBox Estimate)
unlock-blur

₹10.1 L/yr - ₹13.5 L/yr

Marketing & Communication
Senior Cluster Manager Salary
10 - 12 years exp. (AmbitionBox Estimate)
unlock-blur

₹10 L/yr - ₹13 L/yr

Last Updated: 30 Jan 2025

Companies similar to Bajaj Allianz Life Insurance for Senior Cluster Manager in Mumbai

Logo
Bajaj Allianz Life Insurance Senior Cluster Manager Salary

8 - 17 years exp. (25 salaries)

unlock blur

₹7.6 L/yr - ₹13.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
Logo
HDFC Life Senior Cluster Manager Salary

8 - 18 years exp. (8 salaries)

unlock blur

₹8.4 L/yr - ₹11.9 L/yr

arrow icon 13% less
unlock blur

₹9.1 L/yr - ₹14 L/yr

arrow icon 15% more
Logo
Bajaj Finance Senior Cluster Manager Salary

9 - 17 years exp. (10 salaries)

unlock blur

₹16 L/yr - ₹27 L/yr

arrow icon 97% more
1 job opening
Logo
Bajaj Finserv Senior Cluster Manager Salary

9 - 18 years exp. (7 salaries)

unlock blur

₹21 L/yr - ₹28 L/yr

arrow icon 114% more
unlock blur

₹10.9 L/yr - ₹14.5 L/yr

arrow icon 11% more
Senior Cluster Manager salary at Bajaj Allianz Life Insurance ranges between ₹7.6 Lakhs to ₹13.5 Lakhs per year for employees with experience between 8 years to 17 years. Salary estimates are based on 25 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Senior Cluster Manager in Mumbai

2mo ago
₹11.5 Lakhs
11 years exp.
2mo ago
₹10.6 Lakhs
8 years exp.
5mo ago
₹13 Lakhs
12 years exp.
7mo ago
₹12 Lakhs
16 years exp.
9mo ago
₹12 Lakhs
15 years exp.
10mo ago
avg blur mobile
16 years exp.
1y ago
avg blur mobile
10 years exp.
1y ago
avg blur mobile
15 years exp.
1y ago
avg blur mobile
15 years exp.
1y ago
avg blur mobile
17 years exp.

Experience wise Bajaj Allianz Life Insurance Senior Cluster Manager salaries in Mumbai

Last Updated: 30 Jan 2025

Experience Avg Annual Salary
8 years (AmbitionBox Estimate)

unlock blur

₹9.5 L/yr - ₹12.2 L/yr
9 years (AmbitionBox Estimate)

unlock blur

₹9.7 L/yr - ₹12.4 L/yr
10 years  (4 salaries)

unlock blur

₹7.6 L/yr - ₹11.4 L/yr
11 years  (3 salaries)

unlock blur

₹4.4 L/yr - ₹12.6 L/yr
12 years  (3 salaries)

unlock blur

₹9.2 L/yr - ₹13 L/yr
View all

Similar Designation salaries in Bajaj Allianz Life Insurance

Deputy Manager Salary
(74 salaries)
unlock blur
₹5 L/yr - ₹16.5 L/yr
Sales Manager Salary
(19 salaries)
unlock blur
₹2.4 L/yr - ₹7 L/yr
unlock blur
₹3 L/yr - ₹4.5 L/yr
unlock blur
₹4.45 L/yr - ₹8 L/yr
unlock blur
₹5 L/yr - ₹14.3 L/yr
unlock blur
₹5 L/yr - ₹12 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

4.3

Rated by 4 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 08 Jan 2025

5.0
 for  Salary and Benefits

Likes

The environment is good, as well as the pay package; which is very good. There's a lot of scope of learning here in the industry. Management is a bit clueless and less emotionally oriented but overall it's a good place or organisation to work for or work in. Good amount of promotions are there, trips national or international they have all to keep their people happy and motivated.

read more
  • Salary - Excellent
  • +3 more

Dislikes

Nothing as of now.

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

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

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

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

Bajaj Allianz Life Insurance Senior Cluster Manager Salary FAQs

What is the salary of Senior Cluster Manager at Bajaj Allianz Life Insurance in Mumbai?
The average salary of a Senior Cluster Manager at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹7.6 Lakhs to ₹13.5 Lakhs per year, depending on experience (from 8 years to 17 years).

The top 10% of Senior Cluster Manager in Mumbai at Bajaj Allianz Life Insurance earn more than ₹12.6 Lakhs per year, and the top 1% earn over ₹13.5 Lakhs per year. Senior Cluster 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 20+ Bajaj Allianz Life Insurance employees in India.
What is the estimated take home salary of a Senior Cluster Manager at Bajaj Allianz Life Insurance in Mumbai?
The estimated take-home salary of a Senior Cluster Manager at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹81,169 to ₹83,285 per month. This is based on the average salary range of ₹7.6 Lakhs to ₹13.5 Lakhs per year for employees with experience ranging from 8 years to 17 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 20+ 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 Cluster Manager in India?
Bajaj Finserv ₹21.0 Lakhs to ₹28.0 Lakhs per year
Bajaj Finance ₹16.0 Lakhs to ₹27.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹9.1 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Capital ₹10.9 Lakhs to ₹14.5 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 Cluster Manager in companies similar to Bajaj Allianz Life Insurance in Mumbai?
The salary of a Senior Cluster Manager at companies similar to Bajaj Allianz Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Life ₹8.4 Lakhs to ₹11.9 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 Cluster Manager at Bajaj Allianz Life Insurance in Mumbai?
The salary growth for a Senior Cluster Manager at Bajaj Allianz Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Cluster Manager in Mumbai can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience Average Salary Range
8 years ₹9.5 Lakhs to ₹12.2 Lakhs per year
9 years ₹9.7 Lakhs to ₹12.4 Lakhs per year
10 years ₹7.6 Lakhs to ₹11.4 Lakhs per year
11 years ₹4.4 Lakhs to ₹12.6 Lakhs per year
and so on.

Tell us how to improve this page.

Bajaj Allianz Life Insurance Senior Cluster Manager salary in Mumbai ranges between ₹7.6 Lakhs to ₹13.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 25 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.