Bajaj Capital Insurance Cluster Manager Salaries by 7 Employees (Updated 2024)

5 - 16 years exp.

₹6.7 Lakhs - ₹8.3 Lakhs

Low Confidence

Salary of majority employees

19% less than the average Cluster Manager Salary in Insurance Companies for 5 - 16 years of experience

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Salaries in different departments

Sales & Business Development Cluster Manager Salary 6 - 16 years exp. (5 salaries)	₹6.7 L/yr - ₹7.8 L/yr
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Customer Success, Service & Operations Cluster Manager Salary 11 years exp. (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.1 L/yr

Last Updated: 17 Dec 2024

Companies similar to Bajaj Capital Insurance for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Cluster Manager Salary 5 - 19 years exp. (33 salaries)	₹6.1 L/yr - ₹17 L/yr 29% more
HDFC Life Cluster Manager Salary 5 - 16 years exp. (298 salaries)	₹5.7 L/yr - ₹12.7 L/yr 19% more	1 job opening
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SBI Life Insurance Company Cluster Manager Salary 2 - 9 years exp. (5 salaries)	₹3.5 L/yr - ₹5.3 L/yr 42% less
Reliance Nippon Life Insurance Cluster Manager Salary 9 - 20 years exp. (34 salaries)	₹5 L/yr - ₹15 L/yr 23% more
Max Life Insurance Cluster Manager Salary 6 - 15 years exp. (207 salaries)	₹5.4 L/yr - ₹14 L/yr 37% more	3 job openings
Kotak Mahindara Life Insurance Cluster Manager Salary 6 - 16 years exp. (33 salaries)	₹5 L/yr - ₹12.5 L/yr 7% more
Aditya Birla Sun Life Insurance Cluster Manager Salary 1 - 13 years exp. (213 salaries)	₹5 L/yr - ₹13.2 L/yr 25% more
Tata AIA Life Insurance Cluster Manager Salary 6 - 16 years exp. (38 salaries)	₹5 L/yr - ₹17.1 L/yr 32% more	2 job openings
PNB MetLife Cluster Manager Salary 5 - 18 years exp. (31 salaries)	₹5 L/yr - ₹16.8 L/yr 55% more
Aditya Birla Health Insurance Co Cluster Manager Salary 3 - 11 years exp. (108 salaries)	₹3.5 L/yr - ₹10.8 L/yr 2% more
ManipalCigna Health Insurance Cluster Manager Salary 10 - 17 years exp. (40 salaries)	₹5.5 L/yr - ₹9.8 L/yr 3% more
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Edelweiss Tokio Life Insurance Cluster Manager Salary 6 - 18 years exp. (31 salaries)	₹6.6 L/yr - ₹16.4 L/yr 34% more
Future Generali India Life Insurance Cluster Manager Salary 7 - 15 years exp. (22 salaries)	₹4 L/yr - ₹12.5 L/yr 6% less
Cholamandalam MS General Insurance Cluster Manager Salary 5 - 17 years exp. (17 salaries)	₹6.5 L/yr - ₹10 L/yr 20% more
Ageas Federal Life Insurance Cluster Manager Salary 11 - 16 years exp. (6 salaries)	₹7.5 L/yr - ₹9 L/yr 21% more
Bharti AXA Life Insurance Cluster Manager Salary 8 - 23 years exp. (6 salaries)	₹5.1 L/yr - ₹21.5 L/yr 86% more
Aviva Life Insurance India Cluster Manager Salary 15 - 27 years exp. (5 salaries)	₹12.4 L/yr - ₹19.4 L/yr 114% more
IndiaFirst Life Insurance Cluster Manager Salary 4 - 19 years exp. (4 salaries)	₹5.1 L/yr - ₹13.8 L/yr 1% more
Shriram General Insurance Cluster Manager Salary 8 - 25 years exp. (3 salaries)	₹4.5 L/yr - ₹9 L/yr 19% less

Cluster Manager salary at Bajaj Capital Insurance ranges between ₹6.7 Lakhs to ₹8.3 Lakhs per year for employees with experience between 5 years to 16 years. Salary estimates are based on 7 latest salaries received from various employees of Bajaj Capital Insurance.

Experience wise Bajaj Capital Insurance Cluster Manager salaries

Last Updated: 17 Dec 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹7 L/yr - ₹12.9 L/yr
6 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹7.8 L/yr
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7 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
8 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
9 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
10 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹13.3 L/yr
11 years (AmbitionBox Estimate)	₹3 L/yr - ₹8.3 L/yr
12 years (AmbitionBox Estimate)	₹7 L/yr - ₹13.4 L/yr
13 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
14 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
15+ years (AmbitionBox Estimate)	₹7.5 L/yr - ₹13.7 L/yr

View all

Similar Designation salaries in Bajaj Capital Insurance

Area Manager Salary

(5 salaries)

₹4 L/yr - ₹7.55 L/yr

Deputy Manager Salary

(25 salaries)

₹2.1 L/yr - ₹3.6 L/yr

Sales Manager Salary

(14 salaries)

₹0.3 L/yr - ₹4.2 L/yr

Branch Manager Salary

(16 salaries)

₹2.9 L/yr - ₹4.5 L/yr

Area Sales Manager Salary

(5 salaries)

₹4.45 L/yr - ₹5 L/yr

Relationship Manager Salary

(21 salaries)

₹1.56 L/yr - ₹5.4 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Sales Officer Salary

(5 salaries)

₹1.5 L/yr - ₹2.1 L/yr

Assistant Sales Manager Salary

(5 salaries)

₹2.05 L/yr - ₹3.05 L/yr

Sales Executive Salary

(33 salaries)

₹1.2 L/yr - ₹3.2 L/yr

Salary related reviews for Bajaj Capital Insurance

3.1

Rated by 5 employees for salary & benefits

Relationship Manager in Agra

Part Time

Sales & Business Development Department

2.0

• posted on 26 Oct 2023

3.0

for Salary and Benefits

Likes

... and hr only follow order to Senior Manager, big mistake to join this company. Daily said, not approved your attendance and not provide salary

Dislikes

Before joining recruiter said, direct channel leads will be provided but after joining branch manager said go to market and collect data and 3 time give for monthly ctc salary justify after give travel allowance. Branch manager and old rm follow only one rule hire and fire, high pressure to new rm

Deputy Manager in New Delhi

Insurance Department

4.0

• posted on 22 Feb 2022

3.0

for Salary and Benefits

Likes

Timing issue no time for family to much busy schedule slow process in growth companies policy are very irritated.

Dislikes

There is a lot of politics and the management doesn't address our issue. Salary is not good enough career and growth is to slow.

Sales Executive in Gwalior

Customer Success, Service & Operations Department

5.0

• posted on 21 Jun 2020

5.0

for Salary and Benefits

Likes

Good work environment and culture.teammates are supportive

Dislikes

There is a lot of politics and the management doesn't address our issues.salary is decent but career growth is slow.there is a bond of 1year before which you cannot resign.on the job training is not giving to new joiners.

Senior Executive Operations in Gurgaon / Gurugram

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 07 May 2023

3.0

for Salary and Benefits

Likes

Non toxic environment, friendly culture, a certified "Great place to work" company. Managers are amazing and supportive in nature. Loads of work is limited. Bole to bindaas. 👍🏻👍🏻👍🏻👍🏻

Dislikes

Salary package, bonus, appraisal etc should be improve.

Manager HRD in Lucknow

Full Time

Human Resources Department

3.0

• posted on 22 May 2022

3.0

for Salary and Benefits

Likes

Overall it's a good organization to work but having huge requirement to improve to become better. Good ethical values.

Dislikes

Although company having good ethical values but they ignored it at covid lockdown, 50% salary cut even for support team). Since support team were not being incentivised when business was at boom so there should not be salary cut when business is at low.

see more salary related reviews

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Bajaj Capital Insurance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Bajaj Capital Insurance?

Cluster Manager salary at Bajaj Capital Insurance in India ranges between ₹6.7 Lakhs to ₹8.3 Lakhs for experience between 5 years to 16 years. According to our estimates it is 19% less than the average Cluster Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Bajaj Capital Insurance India.

How does the salary of a Cluster Manager at Bajaj Capital Insurance India compare with the average salary range for this job?

The average salary of a Cluster Manager at Bajaj Capital Insurance is 19% less than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bajaj Capital Insurance to a Cluster Manager in India?

Aviva Life Insurance India Cluster Manager Salary - ₹12.4 Lakhs to ₹19.4 Lakhs per year
Bharti AXA Life Insurance Cluster Manager Salary - ₹5.1 Lakhs to ₹21.5 Lakhs per year
PNB MetLife Cluster Manager Salary - ₹5.0 Lakhs to ₹16.8 Lakhs per year
Max Life Insurance Cluster Manager Salary - ₹5.4 Lakhs to ₹14.0 Lakhs per year
Edelweiss Tokio Life Insurance Cluster Manager Salary - ₹6.6 Lakhs to ₹16.4 Lakhs per year

What is the salary of a Cluster Manager in companies similar to Bajaj Capital Insurance in India?

Tata AIA Life Insurance Cluster Manager Salary - ₹5.0 Lakhs to ₹17.1 Lakhs per year
ICICI Prudential Life Insurance Cluster Manager Salary - ₹6.1 Lakhs to ₹17.0 Lakhs per year
Aditya Birla Sun Life Insurance Cluster Manager Salary - ₹5.0 Lakhs to ₹13.2 Lakhs per year
Reliance Nippon Life Insurance Cluster Manager Salary - ₹5.0 Lakhs to ₹15.0 Lakhs per year
Ageas Federal Life Insurance Cluster Manager Salary - ₹7.5 Lakhs to ₹9.0 Lakhs per year

What is the estimated take home salary of a Cluster Manager at Bajaj Capital Insurance in India?

The estimated take-home salary of a Cluster Manager at Bajaj Capital Insurance ranges between ₹55,071 per month to ₹56,448 per month in India. The take-home salary calculation is based on the average Bajaj Capital Insurance Cluster Manager salary in India which ranges between ₹6.7 Lakhs to ₹8.3 Lakhs per year for employees with experience between 5 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager at Bajaj Capital Insurance?

According to AmbitionBox, 25% of the Bajaj Capital Insurance Cluster Managers reported a notice period of 15 days or less, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Bajaj Capital Insurance Cluster Manager Salaries

Bajaj Capital Insurance Cluster Manager salary in India ranges between ₹6.7 Lakhs to ₹8.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Bajaj Capital Insurance latest salaries received from various employees of Bajaj Capital Insurance.

Bajaj Capital Insurance Cluster Manager salaries in India

Companies similar to Bajaj Capital Insurance for Cluster Manager

Latest annual salaries shared by Bajaj Capital Insurance Cluster Manager

Experience wise Bajaj Capital Insurance Cluster Manager salaries

Similar Designation salaries in Bajaj Capital Insurance

Salary related reviews for Bajaj Capital Insurance

Relationship Manager in Agra

Deputy Manager in New Delhi

Sales Executive in Gwalior

Senior Executive Operations in Gurgaon / Gurugram

Manager HRD in Lucknow

Bajaj Capital Insurance Cluster Manager Salary FAQs

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Bajaj Capital Insurance Cluster Manager Salaries by Location