Bajaj Capital Insurance Mumbai Relationship Manager Salaries by 4 Employees (Updated 2025)

3 - 5 years exp.

₹3.1 Lakhs - ₹5.4 Lakhs

Salary of majority employees

18% less than the average Relationship Manager Salary in Insurance Companies for 3 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Relationship Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.4 L/yr
Finance & Accounting Relationship Manager Salary 3 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹4.3 L/yr
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Sales & Business Development Relationship Manager Salary 5 years exp. (AmbitionBox Estimate)	₹4.2 L/yr - ₹4.7 L/yr

Last Updated: 14 Dec 2024

Companies similar to Bajaj Capital Insurance for Relationship Manager in Mumbai

Bajaj Capital Insurance Relationship Manager Salary

3 - 5 years exp. (4 salaries)

₹3.1 L/yr - ₹5.4 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Relationship Manager Salary 0 - 6 years exp. (45 salaries)	₹2.2 L/yr - ₹8 L/yr At par
HDFC Life Relationship Manager Salary 0 - 7 years exp. (92 salaries)	₹2 L/yr - ₹4.5 L/yr 22% less	4 job openings
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SBI Life Insurance Company Relationship Manager Salary 2 - 6 years exp. (6 salaries)	₹3.2 L/yr - ₹5 L/yr At par
Reliance Nippon Life Insurance Relationship Manager Salary 0 - 10 years exp. (10 salaries)	₹2 L/yr - ₹3.6 L/yr 22% less
Max Life Insurance Relationship Manager Salary 0 - 8 years exp. (32 salaries)	₹2 L/yr - ₹7 L/yr 9% more	4 job openings
Kotak Mahindara Life Insurance Relationship Manager Salary 0 - 7 years exp. (27 salaries)	₹2.4 L/yr - ₹4.5 L/yr 16% less	4 job openings
Aditya Birla Sun Life Insurance Relationship Manager Salary 0 - 7 years exp. (20 salaries)	₹2.2 L/yr - ₹6 L/yr 14% less
Tata AIA Life Insurance Relationship Manager Salary 0 - 9 years exp. (144 salaries)	₹2 L/yr - ₹5 L/yr 7% less	217 job openings
PNB MetLife Relationship Manager Salary 0 - 9 years exp. (100 salaries)	₹2.4 L/yr - ₹4.5 L/yr 16% less	159 job openings
Future Generali India Life Insurance Relationship Manager Salary 0 - 7 years exp. (49 salaries)	₹2.2 L/yr - ₹4 L/yr 26% less	52 job openings
Edelweiss Life Insurance Relationship Manager Salary 2 - 7 years exp. (30 salaries)	₹2.8 L/yr - ₹5 L/yr 9% less	4 job openings
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Bharti AXA Life Insurance Relationship Manager Salary 1 - 8 years exp. (16 salaries)	₹2.2 L/yr - ₹4.3 L/yr 21% less	4 job openings
Cholamandalam MS General Insurance Relationship Manager Salary 1 - 8 years exp. (14 salaries)	₹2.5 L/yr - ₹4.6 L/yr 8% less
Aviva Life Insurance India Relationship Manager Salary 1 - 7 years exp. (9 salaries)	₹2.8 L/yr - ₹3.8 L/yr 14% less
ManipalCigna Health Insurance Relationship Manager Salary 2 - 7 years exp. (8 salaries)	₹2.8 L/yr - ₹4 L/yr 17% less
IndiaFirst Life Insurance Relationship Manager Salary 2 - 8 years exp. (4 salaries)	₹2.2 L/yr - ₹3.8 L/yr 17% less
Aditya Birla Health Insurance Co Relationship Manager Salary 1 - 5 years exp. (4 salaries)	₹6 L/yr - ₹8.5 L/yr 52% more
Ageas Federal Life Insurance Relationship Manager Salary 2 - 5 years exp. (3 salaries)	₹3.1 L/yr - ₹4 L/yr 7% less	3 job openings

Relationship Manager salary at Bajaj Capital Insurance ranges between ₹3.1 Lakhs to ₹5.4 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Capital Insurance.

Experience wise Bajaj Capital Insurance Relationship Manager salaries in Mumbai

Last Updated: 14 Dec 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹7.7 L/yr
4 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹5.4 L/yr
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5 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr

Salary related reviews for Bajaj Capital Insurance

2.0

Rated by 1 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

Skill development - Poor

+5 more

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.

Job security - Good

+1 more

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.

Skill development - Poor

+2 more

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

Salary - Excellent

+6 more

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. 👍🏻👍🏻👍🏻👍🏻

Skill development - Good

+4 more

Dislikes

Salary package, bonus, appraisal etc should be improve.

Promotions - Poor

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.

Job security - Good

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.

Skill development - Poor

+2 more

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Bajaj Capital Insurance Relationship Manager Salary FAQs

What is the salary of Relationship Manager at Bajaj Capital Insurance Mumbai?

Relationship Manager salary at Bajaj Capital Insurance in Mumbai ranges between ₹3.1 Lakhs to ₹5.4 Lakhs for experience between 3 years to 5 years. According to our estimates it is 18% less than the average Relationship Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Capital Insurance Mumbai.

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

The average salary of a Relationship Manager at Bajaj Capital Insurance is 18% less than the average salary of a Relationship Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Bajaj Capital Insurance to a Relationship Manager in Mumbai?

Aditya Birla Health Insurance Co Relationship Manager Salary - ₹6.0 Lakhs to ₹8.5 Lakhs per year
Max Life Insurance Relationship Manager Salary - ₹2.0 Lakhs to ₹7.0 Lakhs per year
ICICI Prudential Life Insurance Relationship Manager Salary - ₹2.2 Lakhs to ₹8.0 Lakhs per year

What is the salary of a Relationship Manager in companies similar to Bajaj Capital Insurance in Mumbai?

SBI Life Insurance Company Relationship Manager Salary - ₹3.2 Lakhs to ₹5.0 Lakhs per year
Tata AIA Life Insurance Relationship Manager Salary - ₹2.0 Lakhs to ₹5.0 Lakhs per year
Ageas Federal Life Insurance Relationship Manager Salary - ₹3.1 Lakhs to ₹4.0 Lakhs per year
Cholamandalam MS General Insurance Relationship Manager Salary - ₹2.5 Lakhs to ₹4.6 Lakhs per year
Edelweiss Life Insurance Relationship Manager Salary - ₹2.8 Lakhs to ₹5.0 Lakhs per year

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

The estimated take-home salary of a Relationship Manager at Bajaj Capital Insurance ranges between ₹31,994 per month to ₹33,279 per month in Mumbai. The take-home salary calculation is based on the average Bajaj Capital Insurance Relationship Manager salary in India which ranges between ₹3.1 Lakhs to ₹5.4 Lakhs per year for employees with experience between 3 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Relationship Manager at Bajaj Capital Insurance in Mumbai?

According to AmbitionBox, 50% of the Bajaj Capital Insurance Relationship Managers in Mumbai reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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Bajaj Capital Insurance Relationship Manager Salaries in Mumbai

Bajaj Capital Insurance Relationship Manager salary in Mumbai ranges between ₹3.1 Lakhs to ₹5.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bajaj Capital Insurance latest salaries received from various employees of Bajaj Capital Insurance.