Bajaj Allianz Life Insurance Team Manager Salaries by 10+ Employees (Updated 2025)

0 - 10 years exp.

₹2.2 Lakhs - ₹11.1 Lakhs

Salary of majority employees

58% less than the average Team Manager Salary in Insurance Companies for 0 - 10 years of experience

Interested in this particular role?

Salaries in different departments

Marketing & Communication Team Manager Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹10.6 L/yr
Login to view exact salary
BFSI, Investments & Trading Team Manager Salary 1 year exp. (AmbitionBox Estimate)	₹3 L/yr - ₹10.7 L/yr

Last Updated: 8 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for Team Manager

Company name	Avg Annual Salary	Open Jobs
Gallagher Team Manager Salary 7 - 14 years exp. (211 salaries)	₹4.3 L/yr - ₹15 L/yr 27% more
First American Corporation Team Manager Salary 9 - 18 years exp. (30 salaries)	₹5.4 L/yr - ₹12.3 L/yr 32% more
Login to view exact salary
HDFC Life Team Manager Salary 1 - 10 years exp. (28 salaries)	₹3.5 L/yr - ₹7.3 L/yr 1% less
Niva Bupa Health Insurance Company Team Manager Salary 4 - 10 years exp. (28 salaries)	₹3.5 L/yr - ₹7.5 L/yr 15% less
ICICI Lombard General Insurance Company Team Manager Salary 2 - 16 years exp. (20 salaries)	₹2.5 L/yr - ₹11 L/yr 5% more
Star Health & Allied Insurance Team Manager Salary 1 - 8 years exp. (17 salaries)	₹3 L/yr - ₹7.8 L/yr 33% less
Allstate Team Manager Salary 9 - 18 years exp. (13 salaries)	₹6.1 L/yr - ₹22.6 L/yr 91% more
ICICI Prudential Life Insurance Team Manager Salary 1 - 8 years exp. (12 salaries)	₹3.8 L/yr - ₹9.6 L/yr 22% more
HDFC Ergo General Insurance Team Manager Salary 2 - 10 years exp. (12 salaries)	₹5.8 L/yr - ₹12.4 L/yr 9% more
Kotak Mahindara Life Insurance Team Manager Salary 0 - 7 years exp. (12 salaries)	₹1.2 L/yr - ₹7.5 L/yr 26% less
SBI Life Insurance Company Team Manager Salary 3 - 19 years exp. (11 salaries)	₹7.5 L/yr - ₹15 L/yr 80% more
Login to view exact salary
Bajaj Allianz General Insurance Team Manager Salary 2 - 13 years exp. (10 salaries)	₹2.8 L/yr - ₹12 L/yr 2% less
Axis Max Life Insurance Team Manager Salary 6 - 13 years exp. (9 salaries)	₹5.7 L/yr - ₹11.3 L/yr 63% more
Tata AIA Life Insurance Team Manager Salary 4 - 15 years exp. (9 salaries)	₹4 L/yr - ₹16.7 L/yr 43% more
Tata AIG Team Manager Salary 0 - 8 years exp. (8 salaries)	₹4 L/yr - ₹8.1 L/yr 14% less
Aditya Birla Sun Life Insurance Team Manager Salary 3 - 11 years exp. (5 salaries)	₹5.5 L/yr - ₹12.3 L/yr 18% more
AXA Team Manager Salary 7 - 15 years exp. (10 salaries)	₹43.6 L/yr - ₹60 L/yr 611% more
AIG Team Manager Salary 5 - 13 years exp. (5 salaries)	₹11.5 L/yr - ₹30 L/yr 161% more
Reliance Nippon Life Insurance Team Manager Salary 1 - 10 years exp. (4 salaries)	₹6.9 L/yr - ₹11.5 L/yr 11% more
Shriram Life Insurance Team Manager Salary 4 - 16 years exp. (4 salaries)	₹2.5 L/yr - ₹14 L/yr 15% more

View all

Team Manager salary at Bajaj Allianz Life Insurance ranges between ₹2.2 Lakhs to ₹11.1 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 15 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Team Manager salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹2.2 L/yr - ₹3.6 L/yr
1 year (7 salaries)	₹2.8 L/yr - ₹8 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹9.4 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹10.9 L/yr
5 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
6 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹13.8 L/yr
7 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.9 L/yr
8 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.8 L/yr
9 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.8 L/yr
10 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹18 L/yr

View all

Similar Designation salaries in Bajaj Allianz Life Insurance

Area Manager Salary

(212 salaries)

₹5 L/yr - ₹16.5 L/yr

Program Manager Salary

(20 salaries)

₹6.6 L/yr - ₹24 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹12.2 L/yr - ₹15.5 L/yr

Branch Manager Salary

(127 salaries)

₹4.5 L/yr - ₹12.13 L/yr

Deputy Manager Salary

(338 salaries)

₹4.5 L/yr - ₹16.5 L/yr

Team Lead Salary

(46 salaries)

₹1.8 L/yr - ₹7.25 L/yr

Project Manager Salary

(64 salaries)

₹6.6 L/yr - ₹18.5 L/yr

Cluster Manager Salary

(98 salaries)

₹4.2 L/yr - ₹14.3 L/yr

Operations Manager Salary

(17 salaries)

₹3.5 L/yr - ₹14.99 L/yr

Relationship Manager Salary

(761 salaries)

₹1.55 L/yr - ₹5 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

4.4

Rated by 17 employees for salary & benefits

Team Manager in Pune

Information Technology Department

3.0

• posted on 04 Jul 2022

4.0

for Salary and Benefits

Likes

1.) Good Bonus/ Quarterly Incentives 2.) Quarterly Awards 3.) Good Team 4.) Good place to start the carrier 4.) will get chance to work across multiple partners/ Dept's

Salary - Good

+2 more

Dislikes

1.) No work Life Balance 2.) No fixed timing 3.) Single digit / Low Increment

Work satisfaction - Poor

+2 more

Cluster Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 08 Jan 2025

5.0

for Salary and Benefits

Likes

The environment is good, as well as the pay package; which is very good. There's a lot of scope of learning here in the industry. Management is a bit clueless and less emotionally oriented but overall it's a good place or organisation to work for or work in. Good amount of promotions are there, trips national or international they have all to keep their people happy and motivated.

Salary - Excellent

+3 more

Dislikes

Nothing as of now.

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

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

Relationship Manager in Jaipur

Sales & Business Development Department

5.0

• posted on 11 Apr 2022

4.0

for Salary and Benefits

Likes

Overall work culture of the organisation is good and the management of the organisation is employee friendly

Salary - Good

+6 more

Dislikes

The only lacking point is that the organisation did not provide year on year salary hike until or unless someone did not achieve their yearly Targets.

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

Got a question about Bajaj Allianz Life Insurance?

Ask anonymously on communities.

Bajaj Allianz Life Insurance Team Manager Salary FAQs

What is the salary of Team Manager at Bajaj Allianz Life Insurance ?

The average salary of a Team Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹2.2 Lakhs to ₹11.1 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Team Manager at Bajaj Allianz Life Insurance earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹19.5 Lakhs per year. Team 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 10+ Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Team Manager at Bajaj Allianz Life Insurance in India typically ranges from ₹52,878 to ₹54,123 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹11.1 Lakhs per year for employees with experience ranging from Fresher to 10 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 10+ 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 Team Manager in India?

AXA	₹43.6 Lakhs to ₹60.0 Lakhs per year
Allianz	₹5.8 Lakhs to ₹29.6 Lakhs per year
Principal Global Services	₹11.0 Lakhs to ₹29.3 Lakhs per year
AIG	₹11.5 Lakhs to ₹30.0 Lakhs per year
Allianz Partners	₹8.0 Lakhs to ₹27.0 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 Team Manager in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Team 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:

Allstate	₹6.1 Lakhs to ₹22.6 Lakhs per year
SBI Life Insurance Company	₹7.5 Lakhs to ₹15.0 Lakhs per year
Axis Max Life Insurance	₹5.7 Lakhs to ₹11.3 Lakhs per year
Aditya Birla Health Insurance Co	₹6.5 Lakhs to ₹16.2 Lakhs per year
Tata AIA Life Insurance	₹4.0 Lakhs to ₹16.7 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 Team Manager at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹2.2 Lakhs to ₹3.6 Lakhs per year
1 year	₹2.8 Lakhs to ₹8.0 Lakhs per year
2 years	₹3.9 Lakhs to ₹5.0 Lakhs per year
3 years	₹3.2 Lakhs to ₹9.4 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Bajaj Allianz Life Insurance Salaries >
Bajaj Allianz Life Insurance Team Manager Salaries

Bajaj Allianz Life Insurance Team Manager salary in India ranges between ₹2.2 Lakhs to ₹11.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.