Bajaj Allianz Life Insurance Mumbai Senior Relationship Manager Salaries by 50+ Employees (Updated 2025)

0 - 9 years exp.

₹2.1 Lakhs - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

41% less than the average Senior Relationship Manager Salary in Insurance Companies for 0 - 9 years of experience

Interested in this particular role? 6 job openings

Salaries in different departments

BFSI, Investments & Trading Senior Relationship Manager Salary 0 - 9 years exp. (23 salaries)	₹2.1 L/yr - ₹4 L/yr
Sales & Business Development Senior Relationship Manager Salary 0 - 5 years exp. (11 salaries)	₹2.1 L/yr - ₹3.5 L/yr
Login to view exact salary
Marketing & Communication Senior Relationship Manager Salary 0 - 7 years exp. (3 salaries)	₹3.3 L/yr - ₹3.6 L/yr
Customer Success, Service & Operations Senior Relationship Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.5 L/yr
Finance & Accounting Senior Relationship Manager Salary 0 - 4 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr

Last Updated: 9 Apr 2025

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

Bajaj Allianz Life Insurance Senior Relationship Manager Salary

0 - 9 years exp. (51 salaries)

₹2.1 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Senior Relationship Manager Salary 3 - 11 years exp. (28 salaries)	₹5.2 L/yr - ₹7.4 L/yr 87% more
HDFC Life Senior Relationship Manager Salary 2 - 7 years exp. (26 salaries)	₹2.2 L/yr - ₹4.2 L/yr 13% more
Login to view exact salary
Tata AIA Life Insurance Senior Relationship Manager Salary 1 - 7 years exp. (25 salaries)	₹3 L/yr - ₹5.9 L/yr 36% more	1 job opening
Axis Max Life Insurance Senior Relationship Manager Salary 4 - 10 years exp. (18 salaries)	₹3.7 L/yr - ₹9 L/yr 87% more
Aditya Birla Sun Life Insurance Senior Relationship Manager Salary 2 - 7 years exp. (14 salaries)	₹3 L/yr - ₹5 L/yr 15% more
Kotak Mahindara Life Insurance Senior Relationship Manager Salary 3 - 7 years exp. (10 salaries)	₹3.9 L/yr - ₹6.5 L/yr 44% more
Niva Bupa Health Insurance Company Senior Relationship Manager Salary 0 - 9 years exp. (10 salaries)	₹3.5 L/yr - ₹5.3 L/yr 28% more	1 job opening
ICICI Prudential Life Insurance Senior Relationship Manager Salary 3 - 6 years exp. (7 salaries)	₹3 L/yr - ₹5.3 L/yr 44% more
Reliance Nippon Life Insurance Senior Relationship Manager Salary 1 - 8 years exp. (7 salaries)	₹2.6 L/yr - ₹3.6 L/yr 14% less
Tata AIG Senior Relationship Manager Salary 4 - 9 years exp. (7 salaries)	₹3.8 L/yr - ₹6.8 L/yr 83% more
Aditya Birla Health Insurance Co Senior Relationship Manager Salary 7 - 9 years exp. (5 salaries)	₹9 L/yr - ₹15.6 L/yr 274% more
Login to view exact salary
Bajaj Allianz General Insurance Senior Relationship Manager Salary 6 - 9 years exp. (3 salaries)	₹3.5 L/yr - ₹6.5 L/yr 57% more	12 job openings
Star Health & Allied Insurance Senior Relationship Manager Salary 7 - 10 years exp. (3 salaries)	₹3.4 L/yr - ₹4.6 L/yr 6% more

Senior Relationship Manager salary at Bajaj Allianz Life Insurance ranges between ₹2.1 Lakhs to ₹4 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 51 latest salaries received from various employees of Bajaj Allianz Life Insurance.

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

2d ago

₹2.8 Lakhs

2 years exp.

3w ago

₹3.5 Lakhs

9 years exp.

2mo ago

₹3.3 Lakhs

2 years exp.

3mo ago

₹3.1 Lakhs

2 years exp.

4mo ago

₹2.8 Lakhs

1 year exp.

6mo ago

8 years exp.

10mo ago

4 years exp.

11mo ago

1 year exp.

11mo ago

1 year exp.

1y ago

2 years exp.

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

Last Updated: 9 Apr 2025

Experience	Avg Annual Salary
Fresher (10 salaries)	₹2.5 L/yr - ₹4 L/yr
1 year (9 salaries)	₹2.7 L/yr - ₹3.8 L/yr
Login to view exact salary
2 years (10 salaries)	₹2 L/yr - ₹3.5 L/yr
3 years (7 salaries)	₹2 L/yr - ₹5.9 L/yr
4 years (6 salaries)	₹2.5 L/yr - ₹3.4 L/yr
5 years (5 salaries)	₹3.1 L/yr - ₹3.6 L/yr
6 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.8 L/yr
7 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
8 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
9 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr

View all

From

Senior Relationship Manager

₹

Lakhs/yr

0 - 10 years exp.

Associate Sales Partner

₹

Lakhs/yr

7 - 15 years exp.

Senior Relationship Manager

0 - 10 years exp.

Executive Relationship Manager

0 - 10 years exp.

12% hike

Business Sales Manager

1 - 11 years exp.

20% 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

Relationship Manager Salary

(54 salaries)

₹1.8 L/yr - ₹4.5 L/yr

Senior Sales Manager Salary

(18 salaries)

₹3 L/yr - ₹4.5 L/yr

Territory Manager Salary

(14 salaries)

₹4.45 L/yr - ₹8 L/yr

Area Manager Salary

(12 salaries)

₹5 L/yr - ₹13 L/yr

Branch Manager Salary

(11 salaries)

₹5.1 L/yr - ₹11 L/yr

Regional Manager Salary

(11 salaries)

₹11.5 L/yr - ₹23 L/yr

Area Sales Manager Salary

(4 salaries)

₹5 L/yr - ₹12 L/yr

Top skills at Bajaj Allianz Life Insurance for Senior Relationship Manager

Sales Insurance Sales Life Insurance Bancassurance Bancassurance Life Insurance Communication Skills banca banca sales Salesforce Insurance Sales Relationship Management Bfsi Sales Communication Skills agency

Salary related reviews for Bajaj Allianz Life Insurance

3.5

Rated by 13 employees for salary & benefits

Senior Relationship Manager in Mumbai

International Business Department

3.0

• posted on 03 Dec 2020

2.0

for Salary and Benefits

Likes

Nothing..In bajaj you only see "top management gives you words and big big promises but nothing will happend" ,managers not support their juniors. They only expect more from u and if u doing gud u will be appreciated only for that day.on next day u have to start with zero. In covid situation se faced more problems mentally we faced so much pressure and we worked from 9 to 11pm some time.. thr is no proper timing.. according to managers if u are doing work from home u not need to take break ... * Work culture is also not gud. * Company policies is just a policies for name.. if company want u terminate today they will find the way .but honestly for branding .. company policies is gud.

Dislikes

...gap , most of managers are just useless and they are just leech in Organization. Who only take salary from Organization and doing nothing and one day they just left when they full with thr stomach. But nothing will change just do your job and if u don't like than just leave for better opportunity.

Salary - Poor

+5 more

Senior Relationship Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 25 Jun 2023

5.0

for Salary and Benefits

Likes

One of the best company to work and earn money , we can earn more incentives than salary, overall this is the best company in all insurance sectors.

Salary - Excellent

+6 more

Dislikes

In banca channel, the company heads and co-heads has to interact with the bankers for freshers encouragement

Senior Relationship Manager in Bhubaneswar

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 05 Feb 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

Nothing

Senior Relationship Manager in All Mumbai

BFSI, Investments & Trading Department

5.0

• posted on 15 Dec 2020

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike every year

Salary - Excellent

+5 more

Dislikes

There is a lot of politics for branch

Senior Relationship Manager

Marketing & Communication Department

4.0

• posted on 29 Mar 2020

5.0

for Salary and Benefits

Likes

...ho has contributed 100 crore rupees in this crucial situation of the country.. Already released salary in 26'th March for the month of March Giving option to work from home WFH through its updated online process you can manage everything from your home.. This is very appriciable.. I love BALIC SO MUCH

Salary - Excellent

+5 more

Dislikes

In (Bancassurance channel) Few employees are working with good and big net worth bank branches and they are getting promotion and wealth also While mostly are facing difficulties with urban and semi urban categories branches.. Management should take needful action towards

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

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?

Got a question about Bajaj Allianz Life Insurance?

Ask anonymously on communities.

Bajaj Allianz Life Insurance Senior Relationship Manager Salary FAQs

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

The average salary of a Senior Relationship Manager at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹2.1 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Senior Relationship Manager in Mumbai at Bajaj Allianz Life Insurance earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Senior Relationship 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 50+ Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Senior Relationship Manager at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹23,695 to ₹25,154 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 9 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 50+ 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 Relationship Manager at Bajaj Allianz Life Insurance in Mumbai?

To be a Senior Relationship Manager at Bajaj Allianz Life Insurance in Mumbai, the key skills required include:

- Sales
- Insurance Sales
- Life Insurance
- Bancassurance
- Bancassurance

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 Relationship Manager in India?

Aditya Birla Health Insurance Co	₹9.0 Lakhs to ₹15.6 Lakhs per year
ICICI Lombard General Insurance Company	₹5.2 Lakhs to ₹7.4 Lakhs per year
Axis Max Life Insurance	₹3.7 Lakhs to ₹9.0 Lakhs per year
Tata AIG	₹3.8 Lakhs to ₹6.8 Lakhs per year
Bajaj Allianz General Insurance	₹3.5 Lakhs to ₹6.5 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 Relationship Manager in companies similar to Bajaj Allianz Life Insurance in Mumbai?

The salary of a Senior Relationship 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:

Kotak Mahindara Life Insurance	₹3.9 Lakhs to ₹6.5 Lakhs per year
ICICI Prudential Life Insurance	₹3.0 Lakhs to ₹5.3 Lakhs per year
Tata AIA Life Insurance	₹3.0 Lakhs to ₹5.9 Lakhs per year
Niva Bupa Health Insurance Company	₹3.5 Lakhs to ₹5.3 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.0 Lakhs to ₹5.0 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 Relationship Manager at Bajaj Allianz Life Insurance in Mumbai?

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

Experience	Average Salary Range
Fresher	₹2.5 Lakhs to ₹4.0 Lakhs per year
1 year	₹2.7 Lakhs to ₹3.8 Lakhs per year
2 years	₹2.0 Lakhs to ₹3.5 Lakhs per year
3 years	₹2.0 Lakhs to ₹5.9 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Bajaj Allianz Life Insurance Salaries >
Bajaj Allianz Life Insurance Senior Relationship Manager Salaries >
Bajaj Allianz Life Insurance Senior Relationship Manager Salaries in Mumbai

Bajaj Allianz Life Insurance Senior Relationship Manager salary in Mumbai ranges between ₹2.1 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 51 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

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

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

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

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

Similar Designation salaries in Bajaj Allianz Life Insurance

Top skills at Bajaj Allianz Life Insurance for Senior Relationship Manager

Salary related reviews for Bajaj Allianz Life Insurance

Senior Relationship Manager in Mumbai

Senior Relationship Manager in Hyderabad / Secunderabad

Senior Relationship Manager in Bhubaneswar

Senior Relationship Manager in All Mumbai

Senior Relationship Manager

Bajaj Allianz Life Insurance Senior Relationship Manager Salary FAQs

Tell us how to improve this page.