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Bajaj Allianz Life Insurance
3.9
based on 5.4k Reviews
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Company Overview
Associated Companies
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Working at Bajaj Allianz Life Insurance
Company Summary
Bajaj Allianz Life provides all types of life insurance plans - ULIP Plans, Term Insurance Plans, Pension Plans, etc., at affordable premiums.
Overall Rating
3.9/5
based on 5.4k reviews
3% above
industry average
Highly rated for
Salary
Work Policy
Work from office
78% employees reported
Monday to Saturday
48% employees reported
Flexible timing
55% employees reported
Within city
56% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
316 employees reported
Health insurance
222 employees reported
Office cab/shuttle
81 employees reported
Cafeteria
71 employees reported
View all benefits
About Bajaj Allianz Life Insurance
Founded in2001 (24 yrs old)
India Employee Count10k-50k
Global Employee Count1 Lakh+
India HeadquartersPune, India
Office Locations
--
Websitebajajallianzlife.com
Primary Industry
Other Industries
View in video summary
Bajaj Allianz Life Insurance Co. Ltd., one of India’s leading private life insurers, is a joint venture between Bajaj Finserv Limited, one of the most diversified non-banking financial institutions in India, and Allianz SE, one of world’s leading global insurers and asset managers. We began operations in August 2001 from our headquarters in Pune, Maharashtra (India).
With a focus on getting Life Goals Done, Bajaj Allianz Life is committed to offer value-packed and innovative products, which are simple to understand and purchase. They are designed to meet long-term life goals of customers, ranging from protection, wealth creation to retirement solutions and more. These are backed by a suite of tech-enabled services and service touchpoints to ensure we are always available for our customers to manage their Life Goals with us.
Mission: The company offers life insurance solutions through its strong product portfolio, which includes traditional insurance products and ULIPs for enabling customers fulfill their LifeGoals.
Vision: To become undisputed leader amongst non-bank promoted life insurance companies in Top-line and Profitability.
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Brands of Bajaj Allianz Life Insurance
Bajaj Allianz Staffing Solutions
4.0
• 91 reviews
Bajaj Allianz Life Insurance Ratings
based on 5.4k reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
2.8k
4
1.2k
3
598
2
293
1
596
Category Ratings
3.8
Salary
3.7
Company culture
3.7
Job security
3.7
Work-life balance
3.7
Skill development
3.6
Work satisfaction
3.5
Promotions
Bajaj Allianz Life Insurance is rated 3.9 out of 5 stars on AmbitionBox, based on 5.4k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
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Gender Based Ratings at Bajaj Allianz Life Insurance
based on 5.1k reviews
3.7
Rated by 1k Women
Rated 3.6 for Work-life balance and 3.6 for Salary
3.9
Rated by 4k Men
Rated 3.9 for Salary and 3.8 for Work-life balance
Work Policy at Bajaj Allianz Life Insurance
based on 911 reviews in last 6 months
Work from office
78%
Hybrid
16%
Permanent work from home
6%
Bajaj Allianz Life Insurance Reviews
Top mentions in Bajaj Allianz Life Insurance Reviews
+ 5 more
Compare Bajaj Allianz Life Insurance with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 5.4k reviews | 4.0/5 based on 6.9k reviews  | 4.0/5 based on 6k reviews | 3.9/5 based on 10.2k reviews |
Highly Rated for | Salary | Job security Skill development Salary | Skill development Company culture Work-life balance | Skill development Work-life balance Job security |
Critically Rated for |  No critically rated category | No critically rated category | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 78% employees reported | Work from office 88% employees reported | Work from office 82% employees reported | Work from office 80% employees reported |
Rating by Women Employees | 3.7 Good rated by 1k women | 3.9 Good rated by 1.5k women | 4.0 Good rated by 1.3k women | 3.8 Good rated by 2.2k women |
Rating by Men Employees | 3.9 Good rated by 4k men | 4.1 Good rated by 5k men | 4.1 Good rated by 4.4k men | 4.0 Good rated by 7.6k men |
Job security | 3.7 Good | 4.1 Good | 3.9 Good | 3.8 Good |
View more
Bajaj Allianz Life Insurance Salaries
Bajaj Allianz Life Insurance salaries have received with an average score of 3.8 out of 5 by 5.4k employees.
Relationship Manager
(773 salaries)
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₹1.6 L/yr - ₹5 L/yr
Senior Relationship Manager
(724 salaries)
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₹2 L/yr - ₹4.5 L/yr
Executive Relationship Manager
(642 salaries)
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₹2.6 L/yr - ₹4.3 L/yr
Business Sales Manager
(595 salaries)
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₹2.7 L/yr - ₹6 L/yr
Senior Business Sales Manager
(429 salaries)
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₹3.3 L/yr - ₹5.8 L/yr
Senior Area Manager
(349 salaries)
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₹6 L/yr - ₹15.2 L/yr
Deputy Manager
(301 salaries)
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₹4.5 L/yr - ₹18 L/yr
Senior Cluster Manager
(258 salaries)
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₹7 L/yr - ₹15.3 L/yr
Senior Sales Manager
(249 salaries)
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₹2.4 L/yr - ₹4.5 L/yr
Executive Sales Manager
(244 salaries)
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₹3 L/yr - ₹5 L/yr
Bajaj Allianz Life Insurance Interview Questions
A Senior Relationship Manager was asked 5mo agoQ. How do you approach your work?
A Business Sales Manager was asked Q. What rebates can you get under sections 80C and 10 TTD?
A Senior Sales Manager was asked 3mo agoQ. Why are you a good fit for this job?
A Team Lead was asked 11mo agoQ. Who is the CEO of Bajaj Allianz Life Insurance Company?
A Sales Team Leader was asked 12mo agoQ. How do you market insurance or any other service through social media?
Bajaj Allianz Life Insurance Jobs
Popular Designations Bajaj Allianz Life Insurance Hires for
Popular Skills Bajaj Allianz Life Insurance Hires for
Current Openings
Bajaj Allianz Life Insurance News
Bajaj Allianz Life achieves 99.29% claim settlement ratio in FY 2024-25
- Bajaj Allianz Life achieved a claim settlement ratio of 99.29% in FY 2024-25.
- Tarun Chugh, MD and CEO, emphasized the customer-first approach driving the company's decisions.
- Key indicators of Bajaj Allianz Life's strength include a solvency ratio of 359% and assets under management of ₹1.23 lakh crore.
- The company has maintained a AAA (Stable) issuer rating from CARE Ratings for three consecutive years.
HinduBusinessLine | 9 Jun, 2025
Bajaj Insurance Arms On Path To IPO With Allianz Exit
- Allianz SE is selling its stake in Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance.
- Bajaj Finserv Ltd. has been negotiating to buy Allianz out for years.
- The deal is expected to be finalized by early 2026.
- The move allows Bajaj Group to take full control and unlock potential value of the insurance entities.
Bloomberg Quint | 18 Mar, 2025
Bajaj Finserv Shares Fall As Allianz SE To Sell Stake To Bajaj Group
- Allianz SE has signed binding agreements to sell 26% of its stake in Bajaj Allianz General Insurance Co. and Bajaj Allianz Life Insurance Co. to Bajaj Group for approximately 2.6 billion euros.
- Bajaj Group will now hold 75.01% equity share capital in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance.
- Bajaj Finserv stock fell as much as 1.85% to Rs 1,837 apiece on the NSE following the news.
- The board has approved the acquisition of the entire equity stake held by Allianz in Bajaj Allianz Financial Distributors Ltd., a joint venture with the company.
Bloomberg Quint | 18 Mar, 2025
Bajaj Allianz Life goes live with BIMA-ASBA
- Bajaj Allianz Life has become the first insurer to go live with BIMA-ASBA.
- Under BIMA-ASBA, policyholders can opt for UPI's One-Time Mandate (OTM).
- The blocked amount is released back to the customer if the application is not processed within 14 days or the proposal is not accepted.
- BIMA-ASBA adds a layer of security, confidence, and flexibility for policyholders.
HinduBusinessLine | 22 Feb, 2025
Bajaj Allianz Life launches Nifty 500 Multicap Momentum Quality Index Fund
- Bajaj Allianz Life has launched the Nifty 500 Multicap Momentum Quality Index Fund.
- The fund aims to provide customers with life cover and an opportunity to invest in multi-cap stocks with momentum and quality factors.
- The Nifty 500 Multicap Momentum Quality 50 Index focuses on stocks selected based on momentum and quality factors from the Nifty 500 index.
- The NFO period for this fund ends on February 14, 2025.
HinduBusinessLine | 5 Feb, 2025
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Bajaj Allianz Life Insurance Offices
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Bajaj Allianz Life Insurance FAQs
When was Bajaj Allianz Life Insurance founded?
Bajaj Allianz Life Insurance was founded in 2001. The company has been operating for 24 years primarily in the Insurance sector.
How many employees does Bajaj Allianz Life Insurance have in India?
Bajaj Allianz Life Insurance currently has more than 26,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Bajaj Allianz Life Insurance based on the number of reviews submitted on AmbitionBox.
Does Bajaj Allianz Life Insurance have good work-life balance?
Bajaj Allianz Life Insurance has a Work-Life Balance Rating of 3.7 out of 5 based on 5,400+ employee reviews on AmbitionBox. 73% employees rated Bajaj Allianz Life Insurance 4 or above, while 27% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Bajaj Allianz Life Insurance work-life balance reviews for more details.
Is Bajaj Allianz Life Insurance good for career growth?
Career growth at Bajaj Allianz Life Insurance is rated fairly well, with a promotions and appraisal rating of 3.5. 73% employees rated Bajaj Allianz Life Insurance 4 or above, while 27% employees rated it 3 or below on promotions / appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Bajaj Allianz Life Insurance promotions / appraisals reviews for more detailed insights.
What are the pros and cons of working in Bajaj Allianz Life Insurance?
Working at Bajaj Allianz Life Insurance comes with several advantages and disadvantages. It is highly rated for salary & benefits. However, it is poorly rated for promotions / appraisal, work satisfaction and work life balance, based on 5,400+ employee reviews on AmbitionBox.
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