Bajaj Allianz Life Insurance Bangalore / Bengaluru Senior Manager Salaries by 8 Employees

4 - 15 years exp.

₹5.5 Lakhs - ₹15.9 Lakhs

Avg. annual salary

Monthly In-hand Salary

54% less than the average Senior Manager Salary in Insurance Companies for 4 - 15 years of experience

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Salaries in different departments

Marketing & Communication Senior Manager Salary 7 - 9 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹15.7 L/yr
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Sales & Business Development Senior Manager Salary 15 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹10 L/yr

Last Updated: 16 Jul 2023

Companies similar to Bajaj Allianz Life Insurance for Senior Manager in Bangalore / Bengaluru

Bajaj Allianz Life Insurance Senior Manager Salary

4 - 15 years exp. (8 salaries)

₹5.5 L/yr - ₹15.9 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 19 years exp. (130 salaries)	₹5.2 L/yr - ₹13.7 L/yr 7% less	4 job openings
Kotak Mahindara Life Insurance Senior Manager Salary 1 - 14 years exp. (65 salaries)	₹4 L/yr - ₹9 L/yr 41% less	1 job opening
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HDFC Life Senior Manager Salary 3 - 18 years exp. (62 salaries)	₹6.4 L/yr - ₹21 L/yr 11% more	5 job openings
Tata AIG Senior Manager Salary 1 - 13 years exp. (46 salaries)	₹4.9 L/yr - ₹16.2 L/yr 1% more	7 job openings
ICICI Prudential Life Insurance Senior Manager Salary 1 - 9 years exp. (36 salaries)	₹10.5 L/yr - ₹24 L/yr 58% more
HDFC Ergo General Insurance Senior Manager Salary 7 - 17 years exp. (32 salaries)	₹8 L/yr - ₹21 L/yr 37% more
Allstate Senior Manager Salary 15 - 23 years exp. (20 salaries)	₹40 L/yr - ₹93 L/yr 466% more
Axis Max Life Insurance Senior Manager Salary 5 - 15 years exp. (13 salaries)	₹7 L/yr - ₹20.8 L/yr 41% more	2 job openings
Tata AIA Life Insurance Senior Manager Salary 10 - 15 years exp. (7 salaries)	₹11.5 L/yr - ₹30.7 L/yr 124% more	3 job openings
Gallagher Senior Manager Salary 15 - 18 years exp. (7 salaries)	₹11 L/yr - ₹27 L/yr 94% more
Aditya Birla Sun Life Insurance Senior Manager Salary 4 - 9 years exp. (7 salaries)	₹5 L/yr - ₹14 L/yr 19% less
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Reliance Nippon Life Insurance Senior Manager Salary 1 - 12 years exp. (6 salaries)	₹6 L/yr - ₹12 L/yr 22% less
Aditya Birla Health Insurance Co Senior Manager Salary 4 - 8 years exp. (6 salaries)	₹4.1 L/yr - ₹14 L/yr 27% less
Niva Bupa Health Insurance Company Senior Manager Salary 6 - 13 years exp. (6 salaries)	₹13.7 L/yr - ₹21 L/yr 31% more
SBI Life Insurance Company Senior Manager Salary 8 - 14 years exp. (5 salaries)	₹7.5 L/yr - ₹17 L/yr 1% less
Star Health & Allied Insurance Senior Manager Salary 8 - 10 years exp. (3 salaries)	₹5.4 L/yr - ₹9.2 L/yr 29% less

Senior Manager salary at Bajaj Allianz Life Insurance ranges between ₹5.5 Lakhs to ₹15.9 Lakhs per year for employees with experience between 4 years to 15 years. Salary estimates are based on 8 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Senior Manager salaries in Bangalore / Bengaluru

Last Updated: 16 Jul 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
5 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr
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6 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
7 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
8 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.4 L/yr
9 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
10 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr
11 years (AmbitionBox Estimate)	₹10 L/yr - ₹12.8 L/yr
12 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.5 L/yr
13 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.3 L/yr
14 years (AmbitionBox Estimate)	₹11.8 L/yr - ₹15.1 L/yr
15+ years (AmbitionBox Estimate)	₹13.4 L/yr - ₹17.1 L/yr

View all

From

Senior Manager

₹

Lakhs/yr

3 - 18 years exp.

Associate Vice President

₹

Lakhs/yr

10 - 23 years exp.

Senior Manager 3 - 18 years exp.

Chief Manager 7 - 21 years exp.

115% hike

Associate Vice President 10 - 23 years exp.

33% 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.

Similar Designation salaries in Bajaj Allianz Life Insurance

Deputy Manager Salary

(14 salaries)

₹6 L/yr - ₹15.5 L/yr

Area Manager Salary

(10 salaries)

₹6 L/yr - ₹10.5 L/yr

Regional Manager Salary

(8 salaries)

₹9.8 L/yr - ₹22.1 L/yr

Territory Manager Salary

(7 salaries)

₹5 L/yr - ₹8 L/yr

Branch Manager Salary

(3 salaries)

₹6.5 L/yr - ₹9 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

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.

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.

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

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.

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.

Skill development - Bad

+4 more

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.

see more salary related reviews

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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 Manager Salary FAQs

What is the salary of Senior Manager at Bajaj Allianz Life Insurance in Bangalore / Bengaluru?

The average salary of a Senior Manager at Bajaj Allianz Life Insurance in Bangalore / Bengaluru typically ranges from ₹5.5 Lakhs to ₹15.9 Lakhs per year, depending on experience (from 4 years to 15 years).

The top 10% of Senior Manager in Bangalore / Bengaluru at Bajaj Allianz Life Insurance earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹10.0 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 8 Bajaj Allianz Life Insurance employees in India.

What is the estimated take home salary of a Senior Manager at Bajaj Allianz Life Insurance in Bangalore / Bengaluru?

The estimated take-home salary of a Senior Manager at Bajaj Allianz Life Insurance in Bangalore / Bengaluru typically ranges from ₹77,145 to ₹79,147 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹15.9 Lakhs per year for employees with experience ranging from 4 years to 15 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 8 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 in Bangalore / Bengaluru?

To be a Senior Manager at Bajaj Allianz Life Insurance in Bangalore / Bengaluru, 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
Tata AIA Life Insurance	₹11.5 Lakhs to ₹30.7 Lakhs per year
Gallagher	₹11.0 Lakhs to ₹27.0 Lakhs per year
ICICI Prudential Life Insurance	₹10.5 Lakhs to ₹24.0 Lakhs per year
Axis Max Life Insurance	₹7.0 Lakhs to ₹20.8 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 Bangalore / Bengaluru?

The salary of a Senior Manager at companies similar to Bajaj Allianz Life Insurance in Bangalore / Bengaluru varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Ergo General Insurance	₹8.0 Lakhs to ₹21.0 Lakhs per year
Niva Bupa Health Insurance Company	₹13.7 Lakhs to ₹21.0 Lakhs per year
HDFC Life	₹6.4 Lakhs to ₹21.0 Lakhs per year
Tata AIG	₹4.9 Lakhs to ₹16.2 Lakhs per year
SBI Life Insurance Company	₹7.5 Lakhs to ₹17.0 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 Bangalore / Bengaluru?

The salary growth for a Senior Manager at Bajaj Allianz Life Insurance in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Senior Manager in Bangalore / Bengaluru can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience	Average Salary Range
4 years	₹5.7 Lakhs to ₹7.3 Lakhs per year
5 years	₹6.3 Lakhs to ₹8.1 Lakhs per year
6 years	₹6.9 Lakhs to ₹8.8 Lakhs per year
7 years	₹7.5 Lakhs to ₹9.6 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Senior Manager Salaries in Bangalore / Bengaluru

Bajaj Allianz Life Insurance Senior Manager salary in Bangalore / Bengaluru ranges between ₹5.5 Lakhs to ₹15.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

Bajaj Allianz Life Insurance Senior Manager salaries in Bangalore / Bengaluru

Companies similar to Bajaj Allianz Life Insurance for Senior Manager in Bangalore / Bengaluru

Latest annual salaries shared by Bajaj Allianz Life Insurance Senior Manager in Bangalore / Bengaluru

Experience wise Bajaj Allianz Life Insurance Senior Manager salaries in Bangalore / Bengaluru

Similar Designation salaries in Bajaj Allianz Life Insurance

Top skills at Bajaj Allianz Life Insurance for Senior Manager

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 Manager Salary FAQs

Tell us how to improve this page.