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

Annual salary range
3 - 18 years exp.
₹9.2 Lakhs - ₹24 Lakhs
Avg. annual salary
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Fixed
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Variable
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Monthly In-hand Salary

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38% less than the average Senior Manager Salary in Insurance Companies for 3 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Manager Salary
3 - 18 years exp. (28 salaries)
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₹9.5 L/yr - ₹25 L/yr

Customer Success, Service & Operations
Senior Manager Salary
5 - 18 years exp. (17 salaries)
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₹9.6 L/yr - ₹22 L/yr

Sales & Business Development
Senior Manager Salary
3 - 18 years exp. (15 salaries)
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₹5.8 L/yr - ₹18.1 L/yr

Finance & Accounting
Senior Manager Salary
3 - 18 years exp. (10 salaries)
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₹7.5 L/yr - ₹18 L/yr

Project & Program Management
Senior Manager Salary
5 - 17 years exp. (7 salaries)
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₹12 L/yr - ₹25 L/yr

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Last Updated: 8 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for Senior Manager

Company name Avg Annual Salary Open Jobs
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₹4.9 L/yr - ₹14 L/yr

arrow icon 29% less
1 job opening
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₹3.3 L/yr - ₹10.6 L/yr

arrow icon 48% less
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HDFC Life Senior Manager Salary

2 - 20 years exp. (588 salaries)

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₹9 L/yr - ₹25 L/yr

arrow icon 2% more
4 job openings
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Tata AIG Senior Manager Salary

0 - 13 years exp. (503 salaries)

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₹6 L/yr - ₹19.5 L/yr

arrow icon 17% less
6 job openings
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₹11 L/yr - ₹26.9 L/yr

arrow icon 30% more
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Axis Max Life Insurance Senior Manager Salary

5 - 17 years exp. (344 salaries)

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₹8 L/yr - ₹30.8 L/yr

arrow icon 35% more
1 job opening
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₹7 L/yr - ₹24 L/yr

arrow icon 10% more
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Tata AIA Life Insurance Senior Manager Salary

8 - 19 years exp. (229 salaries)

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₹10.8 L/yr - ₹42 L/yr

arrow icon 82% more
3 job openings
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₹6.8 L/yr - ₹14 L/yr

arrow icon 39% less
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₹3.9 L/yr - ₹15.3 L/yr

arrow icon 36% less
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Senior Manager salary at Bajaj Allianz Life Insurance ranges between ₹9.2 Lakhs to ₹24 Lakhs per year for employees with experience between 3 years to 18 years. Salary estimates are based on 144 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Senior Manager

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Experience wise Bajaj Allianz Life Insurance Senior Manager salaries

Last Updated: 8 Mar 2025

Experience Avg Annual Salary
3 years  (5 salaries)

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₹3.7 L/yr - ₹16.6 L/yr
4 years  (7 salaries)

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₹4.1 L/yr - ₹17.4 L/yr
5 years  (18 salaries)

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₹4.3 L/yr - ₹16.8 L/yr
6 years  (4 salaries)

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₹4.4 L/yr - ₹18.4 L/yr
7 years  (13 salaries)

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₹4.6 L/yr - ₹20.8 L/yr
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Bajaj Allianz Life Insurance Senior Manager Salary and Career Growth

From

To

Senior Manager

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3 - 18 years exp.

Associate Vice President

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10 - 23 years exp.

Senior Manager 3 - 18 years exp.
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Chief Manager 7 - 21 years exp.
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arrow icon 89% hike
    Associate Vice President 10 - 23 years exp.
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    arrow icon 30% hike
    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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    ₹5 L/yr - ₹16.5 L/yr
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    ₹3.5 L/yr - ₹7.36 L/yr
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    ₹4.5 L/yr - ₹6 L/yr

    Top skills at Bajaj Allianz Life Insurance for Senior Manager

    PLSQL Net Promoter Score Events Troubleshooting Big Data

    Salary related reviews for Bajaj Allianz Life Insurance

    4.4

    Rated by 31 employees for salary & benefits

    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

    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
    see more salary related reviews

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    Bajaj Allianz Life Insurance Senior Manager Salary FAQs

    What is the salary of Senior Manager at Bajaj Allianz Life Insurance ?
    The average salary of a Senior Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹9.2 Lakhs to ₹24.0 Lakhs per year, depending on experience (from 3 years to 18 years).

    The top 10% of Senior Manager at Bajaj Allianz Life Insurance earn more than ₹24.0 Lakhs per year, and the top 1% earn over ₹30.2 Lakhs per year. Senior 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 Manager at Bajaj Allianz Life Insurance in India?
    The estimated take-home salary of a Senior Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹95,508 to ₹98,084 per month. This is based on the average salary range of ₹9.2 Lakhs to ₹24.0 Lakhs per year for employees with experience ranging from 3 years to 18 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 Manager at Bajaj Allianz Life Insurance ?
    To be a Senior Manager at Bajaj Allianz Life Insurance in india, the key skills required include:

    • - PLSQL
    • - Net Promoter Score
    • - Events
    • - Troubleshooting
    • - Big Data

    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 Manager in India?
    Allstate ₹40.0 Lakhs to ₹93.0 Lakhs per year
    Principal Global Services ₹32.0 Lakhs to ₹50.0 Lakhs per year
    AIG ₹18.5 Lakhs to ₹35.1 Lakhs per year
    Allianz ₹24.0 Lakhs to ₹30.0 Lakhs per year
    Tata AIA Life Insurance ₹10.8 Lakhs to ₹42.0 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 Manager in companies similar to Bajaj Allianz Life Insurance in India?
    The salary of a Senior 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:

    AXA ₹20.0 Lakhs to ₹26.5 Lakhs per year
    First American Corporation ₹15.7 Lakhs to ₹29.5 Lakhs per year
    Allianz Partners ₹10.8 Lakhs to ₹27.0 Lakhs per year
    Axis Max Life Insurance ₹8.0 Lakhs to ₹30.8 Lakhs per year
    ICICI Prudential Life Insurance ₹11.0 Lakhs to ₹26.9 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 Manager at Bajaj Allianz Life Insurance in India?
    The salary growth for a Senior Manager at Bajaj Allianz Life Insurance depends on factors such as experience, performance, and promotions. On average, a Senior Manager can expect the following growth trajectory at Bajaj Allianz Life Insurance:

    Experience Average Salary Range
    3 years ₹3.7 Lakhs to ₹16.6 Lakhs per year
    4 years ₹4.1 Lakhs to ₹17.4 Lakhs per year
    5 years ₹4.3 Lakhs to ₹16.8 Lakhs per year
    6 years ₹4.4 Lakhs to ₹18.4 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Bajaj Allianz Life Insurance Senior Manager salary in India ranges between ₹9.2 Lakhs to ₹24 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 144 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.