Bajaj Allianz Life Insurance Senior Vice President Salaries by 7 Employees (Updated 2025)

20 - 25 years exp.

₹70 Lakhs - ₹1 Crore

Low Confidence

Salary of majority employees

23% more than the average Senior Vice President Salary in Insurance Companies for 20 - 25 years of experience

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Salaries in different departments

Sales & Business Development Senior Vice President Salary 20 - 21 years exp. (AmbitionBox Estimate)	₹71 L/yr - ₹94 L/yr
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BFSI, Investments & Trading Senior Vice President Salary 21 years exp. (AmbitionBox Estimate)	₹70 L/yr - ₹76.2 L/yr

Last Updated: 14 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for Senior Vice President

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Senior Vice President Salary 13 - 24 years exp. (33 salaries)	₹29.7 L/yr - ₹51 L/yr 47% less
ICICI Lombard General Insurance Company Senior Vice President Salary 11 - 26 years exp. (14 salaries)	₹34 L/yr - ₹95 L/yr 21% less
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HDFC Life Senior Vice President Salary 15 - 25 years exp. (13 salaries)	₹26 L/yr - ₹1 Cr/yr 14% less
Tata AIG Senior Vice President Salary 18 - 21 years exp. (7 salaries)	₹40 L/yr - ₹1 Cr/yr 3% more
ICICI Prudential Life Insurance Senior Vice President Salary 17 - 20 years exp. (6 salaries)	₹50 L/yr - ₹99 L/yr 5% more
Axis Max Life Insurance Senior Vice President Salary 20 - 26 years exp. (6 salaries)	₹80 L/yr - ₹1 Cr/yr 27% more
HDFC Ergo General Insurance Senior Vice President Salary 17 - 23 years exp. (5 salaries)	₹39.2 L/yr - ₹51 L/yr 45% less
SBI Life Insurance Company Senior Vice President Salary 15 - 24 years exp. (5 salaries)	₹45 L/yr - ₹1.1 Cr/yr 27% more
Tata AIA Life Insurance Senior Vice President Salary 15 - 25 years exp. (6 salaries)	₹50 L/yr - ₹85.1 L/yr 18% less
Aditya Birla Health Insurance Co Senior Vice President Salary 19 - 21 years exp. (4 salaries)	₹70 L/yr - ₹1.2 Cr/yr 27% more
Niva Bupa Health Insurance Company Senior Vice President Salary 10 - 21 years exp. (4 salaries)	₹40 L/yr - ₹98 L/yr 4% more
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Senior Vice President salary at Bajaj Allianz Life Insurance ranges between ₹70 Lakhs to ₹1 Crore per year for employees with experience between 20 years to 25 years. Salary estimates are based on 7 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Senior Vice President salaries

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
15+ years (7 salaries)	₹70 L/yr - ₹1 Cr/yr
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Similar Designation salaries in Bajaj Allianz Life Insurance

Associate Vice President Salary

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Assistant Vice President Salary

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₹39.34 L/yr - ₹50 L/yr

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Store Manager Salary

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Senior Operations Manager Salary

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Project Manager Salary

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Branch Manager Salary

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Business Head Salary

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₹47.9 L/yr - ₹52.9 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

Operations Executive in Jamui

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 08 Dec 2023

3.0

for Salary and Benefits

Likes

Every Thing is good culture seniors all things is good but in off roll employe salary not increase in 5 years that's the biggest concern for my side

Skill development - Good

+3 more

Dislikes

Off Roll Employe salary not increase in 5 years that's the biggest concern for my side

AM Human Resource in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 18 Mar 2025

5.0

for Salary and Benefits

Likes

In bajaj salary credit on time always.

Salary - Excellent

Dislikes

In Bajaj there is no upgrade in ur role and responsibilities and no one want to upgrade your. No extra skill learning activities done. As relevant work of ur role.

Job security - Poor

Executive Relationship Manager in Kohima

Full Time

Sales & Business Development Department

1.0

• posted on 17 Mar 2025

1.0

for Salary and Benefits

Likes

No comments

Dislikes

Not getting salary on time, bad Area manger, bad HR, Always getting negative reviews no matter how much efforts we are giving . No support from highers ups. Getting too much calls and VC even on holidays. Still didn't got experience letter.

Salary - Bad

+6 more

Senior Area Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Mar 2025

1.0

for Salary and Benefits

Likes

Nothing is there to like to this company...

Dislikes

Here there is no system for credit the salary and it's based on Manager's wish . If Manager wants to hold the salary, he can without any reason also... So Bajaj is not better choice for who works harldy with honesty....

Salary - Bad

+6 more

Executive Relationship Manager in Bankura

Full Time

Sales & Business Development Department

5.0

• posted on 29 Jan 2025

5.0

for Salary and Benefits

Likes

Balic is a good company to work .. balic has given my carrier high..

Salary - Excellent

+6 more

Dislikes

...e centricity balic does not look even after Work hard and good work for balic .. company does not increase no salary as per expectations.

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Bajaj Allianz Life Insurance Senior Vice President Salary FAQs

What is the salary of Senior Vice President at Bajaj Allianz Life Insurance ?

The average salary of a Senior Vice President at Bajaj Allianz Life Insurance in India typically ranges from ₹70.0 Lakhs to ₹101.0 Lakhs per year, depending on experience (from 20 years to 25 years).

The top 10% of Senior Vice President at Bajaj Allianz Life Insurance earn more than ₹99.6 Lakhs per year, and the top 1% earn over ₹101.0 Lakhs per year. Senior Vice President 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 7 Bajaj Allianz Life Insurance employees in India.

What is the estimated take home salary of a Senior Vice President at Bajaj Allianz Life Insurance in India?

The estimated take-home salary of a Senior Vice President at Bajaj Allianz Life Insurance in India typically ranges from ₹4,15,810 to ₹4,28,567 per month. This is based on the average salary range of ₹70.0 Lakhs to ₹101.0 Lakhs per year for employees with experience ranging from 20 years to 25 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 7 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 Vice President in India?

Axis Max Life Insurance	₹80.0 Lakhs to ₹102.0 Lakhs per year
SBI Life Insurance Company	₹45.0 Lakhs to ₹112.0 Lakhs per year
Aditya Birla Health Insurance Co	₹70.0 Lakhs to ₹115.0 Lakhs per year
ICICI Prudential Life Insurance	₹50.0 Lakhs to ₹99.0 Lakhs per year
Niva Bupa Health Insurance Company	₹40.0 Lakhs to ₹98.0 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 Vice President in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Senior Vice President 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:

Tata AIG	₹40.0 Lakhs to ₹100.0 Lakhs per year
HDFC Life	₹26.0 Lakhs to ₹102.0 Lakhs per year
Tata AIA Life Insurance	₹50.0 Lakhs to ₹85.1 Lakhs per year
ICICI Lombard General Insurance Company	₹34.0 Lakhs to ₹95.0 Lakhs per year
HDFC Ergo General Insurance	₹39.2 Lakhs to ₹51.0 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 Vice President at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
15 years	₹70.0 Lakhs to ₹101.0 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Senior Vice President Salaries

Bajaj Allianz Life Insurance Senior Vice President salary in India ranges between ₹70 Lakhs to ₹1 Crore with an average annual salary of ₹. Salary estimates are based on 7 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.