Bajaj Allianz Life Insurance Mumbai Senior Manager Salaries by 30+ Employees (Updated 2025)

3 - 18 years exp.

₹8.5 Lakhs - ₹28 Lakhs

Avg. annual salary

Monthly In-hand Salary

28% less than the average Senior Manager Salary in Insurance Companies for 3 - 18 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 6 - 17 years exp. (8 salaries)	₹14 L/yr - ₹22.5 L/yr
Customer Success, Service & Operations Senior Manager Salary 10 - 18 years exp. (5 salaries)	₹15 L/yr - ₹19 L/yr
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Sales & Business Development Senior Manager Salary 7 - 18 years exp. (5 salaries)	₹8 L/yr - ₹16.6 L/yr
Finance & Accounting Senior Manager Salary 3 - 4 years exp. (3 salaries)	₹9.5 L/yr - ₹18 L/yr
Human Resources Senior Manager Salary 11 years exp. (AmbitionBox Estimate)	₹11.7 L/yr - ₹18 L/yr

View all

Last Updated: 9 Feb 2025

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

Bajaj Allianz Life Insurance Senior Manager Salary

3 - 18 years exp. (30 salaries)

₹8.5 L/yr - ₹28 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 18 years exp. (517 salaries)	₹5 L/yr - ₹15.1 L/yr 37% less	3 job openings
HDFC Life Senior Manager Salary 2 - 20 years exp. (364 salaries)	₹7.2 L/yr - ₹26 L/yr 5% less	4 job openings
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Kotak Mahindara Life Insurance Senior Manager Salary 0 - 14 years exp. (288 salaries)	₹4 L/yr - ₹14 L/yr 49% less
ICICI Prudential Life Insurance Senior Manager Salary 0 - 10 years exp. (285 salaries)	₹10.7 L/yr - ₹26.9 L/yr 19% more
Tata AIG Senior Manager Salary 0 - 13 years exp. (223 salaries)	₹5.2 L/yr - ₹19.5 L/yr 25% less	5 job openings
Tata AIA Life Insurance Senior Manager Salary 8 - 20 years exp. (164 salaries)	₹10.8 L/yr - ₹40 L/yr 64% more	3 job openings
Reliance Nippon Life Insurance Senior Manager Salary 0 - 17 years exp. (106 salaries)	₹5.2 L/yr - ₹15.9 L/yr 34% less
HDFC Ergo General Insurance Senior Manager Salary 5 - 19 years exp. (120 salaries)	₹7 L/yr - ₹24 L/yr 3% more
Aditya Birla Health Insurance Co Senior Manager Salary 3 - 14 years exp. (73 salaries)	₹6.9 L/yr - ₹18.4 L/yr 29% less
Aditya Birla Sun Life Insurance Senior Manager Salary 1 - 12 years exp. (44 salaries)	₹5.1 L/yr - ₹20.4 L/yr 21% less
Axis Max Life Insurance Senior Manager Salary 5 - 16 years exp. (20 salaries)	₹7.5 L/yr - ₹33.5 L/yr 20% more	2 job openings
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Aditya Birla Insurance Brokers Senior Manager Salary 5 - 20 years exp. (18 salaries)	₹9.4 L/yr - ₹16.2 L/yr 22% less
SBI Life Insurance Company Senior Manager Salary 5 - 13 years exp. (14 salaries)	₹6.7 L/yr - ₹17 L/yr 19% less
Gallagher Senior Manager Salary 10 - 22 years exp. (6 salaries)	₹8.6 L/yr - ₹20.7 L/yr 10% more
Niva Bupa Health Insurance Company Senior Manager Salary 9 - 14 years exp. (5 salaries)	₹10 L/yr - ₹17 L/yr 13% less
Star Health & Allied Insurance Senior Manager Salary 9 - 12 years exp. (4 salaries)	₹7.3 L/yr - ₹14 L/yr 41% less

Senior Manager salary at Bajaj Allianz Life Insurance ranges between ₹8.5 Lakhs to ₹28 Lakhs per year for employees with experience between 3 years to 18 years. Salary estimates are based on 30 latest salaries received from various employees of Bajaj Allianz Life Insurance.

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

1mo ago

₹8 Lakhs

10 years exp.

2mo ago

₹22.5 Lakhs

18 years exp.

2mo ago

₹10.5 Lakhs

7 years exp.

3mo ago

₹18 Lakhs

4 years exp.

6mo ago

₹19.1 Lakhs

17 years exp.

6mo ago

18 years exp.

7mo ago

18 years exp.

10mo ago

16 years exp.

11mo ago

13 years exp.

1y ago

10 years exp.

Experience wise Bajaj Allianz Life Insurance Senior Manager salaries in Mumbai

Last Updated: 9 Feb 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹10 L/yr - ₹12.8 L/yr
4 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.5 L/yr
Login to view exact salary
5 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
6 years (AmbitionBox Estimate)	₹11.6 L/yr - ₹14.8 L/yr
7 years (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.5 L/yr
8 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.2 L/yr
9 years (AmbitionBox Estimate)	₹13.2 L/yr - ₹16.9 L/yr
10 years (4 salaries)	₹8 L/yr - ₹18 L/yr
11 years (3 salaries)	₹11.6 L/yr - ₹18 L/yr
12 years (AmbitionBox Estimate)	₹14.8 L/yr - ₹18.9 L/yr
13 years (4 salaries)	₹9 L/yr - ₹20.6 L/yr
14 years (AmbitionBox Estimate)	₹15.9 L/yr - ₹20.3 L/yr
15+ years (8 salaries)	₹12 L/yr - ₹22.5 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.

89% hike

Associate Vice President 10 - 23 years exp.

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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Area Manager Salary

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₹5 L/yr - ₹13 L/yr

Regional Manager Salary

(9 salaries)

₹15 L/yr - ₹23 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

4.5

Rated by 2 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.

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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Bajaj Allianz Life Insurance Senior Manager Salary FAQs

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

The average salary of a Senior Manager at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹8.5 Lakhs to ₹28.0 Lakhs per year, depending on experience (from 3 years to 18 years).

The top 10% of Senior Manager in Mumbai at Bajaj Allianz Life Insurance earn more than ₹22.3 Lakhs per year, and the top 1% earn over ₹28.0 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 30+ Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Senior Manager at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹1,06,836 to ₹1,09,778 per month. This is based on the average salary range of ₹8.5 Lakhs to ₹28.0 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 30+ 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 Mumbai?

To be a Senior Manager at Bajaj Allianz Life Insurance in Mumbai, 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?

Tata AIA Life Insurance	₹10.8 Lakhs to ₹40.0 Lakhs per year
Axis Max Life Insurance	₹7.5 Lakhs to ₹33.5 Lakhs per year
ICICI Prudential Life Insurance	₹10.7 Lakhs to ₹26.9 Lakhs per year
Gallagher	₹8.6 Lakhs to ₹20.7 Lakhs per year
HDFC Ergo General Insurance	₹7.0 Lakhs to ₹24.0 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 Mumbai?

The salary of a Senior 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	₹7.2 Lakhs to ₹26.0 Lakhs per year
Niva Bupa Health Insurance Company	₹10.0 Lakhs to ₹17.0 Lakhs per year
SBI Life Insurance Company	₹6.7 Lakhs to ₹17.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹5.1 Lakhs to ₹20.4 Lakhs per year
Aditya Birla Insurance Brokers	₹9.4 Lakhs to ₹16.2 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 Mumbai?

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

Experience	Average Salary Range
3 years	₹10.0 Lakhs to ₹12.8 Lakhs per year
4 years	₹10.6 Lakhs to ₹13.5 Lakhs per year
5 years	₹11.1 Lakhs to ₹14.2 Lakhs per year
6 years	₹11.6 Lakhs to ₹14.8 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Senior Manager Salaries in Mumbai

Bajaj Allianz Life Insurance Senior Manager salary in Mumbai ranges between ₹8.5 Lakhs to ₹28 Lakhs with an average annual salary of ₹. Salary estimates are based on 30 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

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

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

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

Experience wise Bajaj Allianz Life Insurance Senior Manager salaries in Mumbai

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.