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

3 - 5 years exp.

₹3.1 Lakhs - ₹5.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

30% 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)	₹4.1 L/yr - ₹5.4 L/yr
Finance & Accounting Relationship Manager Salary 3 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.7 L/yr
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Sales & Business Development Relationship Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.2 L/yr

Last Updated: 13 Feb 2025

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
Future Generali India Life Insurance Relationship Manager Salary 0 - 7 years exp. (48 salaries)	₹2.2 L/yr - ₹4 L/yr 9% less	48 job openings
Aegon Life Insurance Relationship Manager Salary 0 - 7 years exp. (34 salaries)	₹2.7 L/yr - ₹4.3 L/yr 9% less
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Edelweiss Life Insurance Relationship Manager Salary 2 - 6 years exp. (28 salaries)	₹2.8 L/yr - ₹5.5 L/yr 6% more	22 job openings
Cholamandalam MS General Insurance Relationship Manager Salary 1 - 8 years exp. (14 salaries)	₹2.5 L/yr - ₹4.6 L/yr 7% more
Bharti AXA Life Insurance Relationship Manager Salary 1 - 8 years exp. (14 salaries)	₹2.3 L/yr - ₹4.3 L/yr 4% less	1 job opening
ManipalCigna Health Insurance Relationship Manager Salary 2 - 7 years exp. (10 salaries)	₹2.7 L/yr - ₹4 L/yr 4% less
Universal Sompo General Insurance Relationship Manager Salary 0 - 8 years exp. (10 salaries)	₹3.5 L/yr - ₹5.2 L/yr 16% more	8 job openings
Aviva Life Insurance India Relationship Manager Salary 1 - 8 years exp. (8 salaries)	₹2.8 L/yr - ₹3.8 L/yr 2% more
Liberty General Insurance Relationship Manager Salary 5 - 12 years exp. (8 salaries)	₹4 L/yr - ₹6.5 L/yr 57% more	1 job opening
Magma HDI General Insurance Relationship Manager Salary 5 - 8 years exp. (7 salaries)	₹5 L/yr - ₹7.6 L/yr 65% more	1 job opening
Birla Sun Life Mutual Fund Relationship Manager Salary 2 - 5 years exp. (5 salaries)	₹5.2 L/yr - ₹7.3 L/yr 48% more
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Aditya Birla Health Insurance Co Relationship Manager Salary 1 - 7 years exp. (5 salaries)	₹5.5 L/yr - ₹6.2 L/yr 60% more
Marsh Relationship Manager Salary 3 - 6 years exp. (3 salaries)	₹13.8 L/yr - ₹17 L/yr 288% more
Ageas Federal Life Insurance Relationship Manager Salary 2 - 4 years exp. (3 salaries)	₹3.1 L/yr - ₹4 L/yr 5% more	5 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: 13 Feb 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
4 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
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5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 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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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Bajaj Capital Insurance Relationship Manager Salary FAQs

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

The average salary of a Relationship Manager at Bajaj Capital Insurance in Mumbai typically ranges from ₹3.1 Lakhs to ₹5.4 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Relationship Manager in Mumbai at Bajaj Capital Insurance earn more than ₹5.4 Lakhs per year, and the top 1% earn over ₹5.4 Lakhs per year. Relationship Manager Salaries at Bajaj Capital 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 4 Bajaj Capital Insurance employees in India.

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 in Mumbai typically ranges from ₹27,286 to ₹28,691 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹5.4 Lakhs per year for employees with experience ranging from 3 years to 5 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 4 salaries received from various employees of Bajaj Capital Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Bajaj Capital Insurance for Relationship Manager in India?

Marsh	₹13.8 Lakhs to ₹17.0 Lakhs per year
Magma HDI General Insurance	₹5.0 Lakhs to ₹7.6 Lakhs per year
Aditya Birla Health Insurance Co	₹5.5 Lakhs to ₹6.2 Lakhs per year
Liberty General Insurance	₹4.0 Lakhs to ₹6.5 Lakhs per year
Birla Sun Life Mutual Fund	₹5.2 Lakhs to ₹7.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Bajaj Capital Insurance, depending on the role and experience level.

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

The salary of a Relationship Manager at companies similar to Bajaj Capital Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Universal Sompo General Insurance	₹3.5 Lakhs to ₹5.2 Lakhs per year
Cholamandalam MS General Insurance	₹2.5 Lakhs to ₹4.6 Lakhs per year
Edelweiss Life Insurance	₹2.8 Lakhs to ₹5.5 Lakhs per year
Ageas Federal Life Insurance	₹3.1 Lakhs to ₹4.0 Lakhs per year
Aviva Life Insurance India	₹2.8 Lakhs to ₹3.8 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 Relationship Manager at Bajaj Capital Insurance in Mumbai?

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

Experience	Average Salary Range
3 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
4 years	₹3.3 Lakhs to ₹4.3 Lakhs per year
5 years	₹3.4 Lakhs to ₹4.4 Lakhs per year

and so on.

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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.