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4.1

based on 3.4k Reviews

HQ - Pune, India Insurance 10k-50k Employees (India) Financial Services
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Bajaj Allianz Life Insurance Salaries in India

based on 14.8k latest salaries

4.0

Rated by 3.4k Employees for salary and benefits

Top Departments at Bajaj Allianz Life Insurance
Designation Average Salary
Yearly arrow-down

Senior Relationship Manager

Experience: 0 - 8 yrs (825 Salaries)
₹ 3,14,877/year

(₹2.0L/yr - ₹4.3L/yr)

Relationship Manager

Experience: 0 - 8 yrs (695 Salaries)
₹ 3,03,512/year

(₹1.6L/yr - ₹4.5L/yr)

Business Sales Manager

Experience: 0 - 11 yrs (542 Salaries)
₹ 4,08,049/year

(₹2.6L/yr - ₹6.5L/yr)

Executive Relationship Manager

Experience: 0 - 12 yrs (522 Salaries)
₹ 3,56,571/year

(₹2.5L/yr - ₹4.3L/yr)

Senior Business Sales Manager

Experience: 3 - 11 yrs (312 Salaries)
₹ 4,42,470/year

(₹3.2L/yr - ₹5.5L/yr)

Executive Sales Manager

Experience: 1 - 10 yrs (268 Salaries)
₹ 3,54,237/year

(₹3.0L/yr - ₹4.5L/yr)

Deputy Manager

Experience: 2 - 15 yrs (239 Salaries)
₹ 10,26,181/year

(₹5.6L/yr - ₹16.5L/yr)

Business Development Manager

Experience: 0 - 8 yrs (223 Salaries)
₹ 4,08,209/year

(₹3.0L/yr - ₹5.5L/yr)

Sales Manager

Experience: 0 - 8 yrs (218 Salaries)
₹ 3,11,503/year

(₹1.6L/yr - ₹6.5L/yr)

Senior Area Manager

Experience: 6 - 18 yrs (214 Salaries)
₹ 9,85,572/year

(₹6.3L/yr - ₹14.0L/yr)

Last Updated: 22 Sep, 2023

Bajaj Allianz Life Insurance Salary FAQs

How much does Bajaj Allianz Life Insurance pay per year?
The average Bajaj Allianz Life Insurance salary ranges from approximately ₹0.8 Lakhs per year for a Actuarial Intern to ₹51.6 Lakhs per year for a Vice President. Salary estimates are based on 14.8k Bajaj Allianz Life Insurance salaries received from various employees of Bajaj Allianz Life Insurance. Bajaj Allianz Life Insurance employees rate the overall salary and benefits package 4.0/5 stars.
What is the highest salary in Bajaj Allianz Life Insurance?
The highest-paying job at Bajaj Allianz Life Insurance is a Vice President with a salary of ₹51.6 Lakhs per year. The top 10% of employees earn more than ₹12.97 lakhs per year. The top 1% earn more than a whopping ₹34.92 lakhs per year.
What is the minimum salary in Bajaj Allianz Life Insurance?
Minimum salary at Bajaj Allianz Life Insurance depends on the role you are applying for. For Relationship Manager the minimum salary is ₹3.0 Lakhs per year, for Sales Manager the minimum salary is ₹3.1 Lakhs per year and so on.
What is the salary package for freshers in Bajaj Allianz Life Insurance?
The average salary at Bajaj Allianz Life Insurance for freshers varies from ₹0.9 Lakhs per year for Telecaller to ₹13.0 Lakhs per year for Management Associate. View Fresher Salaries at Bajaj Allianz Life Insurance
What is the notice period at Bajaj Allianz Life Insurance?
According to AmbitionBox, 54% of the Bajaj Allianz Life Insurance employees reported a notice period of 1 Month, 22% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 12.3k responses on AmbitionBox in last 2 years.

Reviews which talk about salary at Bajaj Allianz Life Insurance

Not Working in Kolkata

Full Time

 · 

Rpd Department

2.0
posted on 11 Sep 2023

3.0 for Salary and Benefits

Likes

There's nothing i liked about Bajaj Allianz life insurance..

Dislikes

Everything. They lied that its full time job and it was part time salary told by the HR 19k in offer Letter it was mentioned 8k and part time job. First told no monthly target ll be given but ots 1lac per month Target you have to complete. Everything about it was a fraud.

Work Details

Work policy: 3 days/week from office

Work days: Monday to Saturday (Flexible Timings)

Retail Partner (working remotely)

Part Time

 · 

Life Insurance Department

3.0
posted on 09 Sep 2023

1.0 for Salary and Benefits

Likes

Bajaj provide work from home that's it .

Dislikes

... My basic and fixed salary both depend on my goal sheet " sales Target" from the team if you complete 50% of business then company will pay basic 7k or if you achieved per month target then you will get your fixed salary. And if you will not achieve your target then you will not get any basic and fixed salary means no salary and policies criteria like 40,000 premium annually means first term premium amount will paid annually there is no installments. From 2nd term you can choose that option . No data from the side of company for sales or even for Recruitment some employees purchase their own data company didnt provide it . And working culture is bad seniors are just satisfy their ego, partial and after promotion they will not help you for anything bas panchayat karna ata hai WhatsApp status Dekh kar personal life par comment kar ke puri meeting mai juniors ke samne or ache se humiliate karna qki kisi or unit Team ke logo se baat kari ...

Work Details

Work timings: Flexible Timings

Executive Relationship Manager in Hyderabad/Secunderabad

Full Time

 · 

Life Insurance Department

1.0
posted on 10 Aug 2023

1.0 for Salary and Benefits

Likes

There is nothing to like

Dislikes

They will set rs 3000000 insurance target in a year. If you don't achieve the target they will force you to leave the job and they will stop your salary till you don't resign from job. The company has a provision to pay the travel allowance if one travels 75 km or more one side, but the area manager won't approve your travel allowance unless you achieve your target in that month, still he will ask you to do 6-7 such trips in a month. On the other days they will ask you to travel 80-90 km in total for which there is no allowance. You have to bear the petrol from your salary. On Sundays also the manager will ask to promote the products.

Work Details

Work days: Alternate Saturday off (Strict Timings)

Senior Relationship Manager in Hyderabad/Secunderabad, Telangana

Full Time

 · 

Life Insurance Department

4.0
posted on 25 Jun 2023

5.0 for Salary and Benefits

Likes

One of the best company to work and earn money , we can earn more incentives than salary, overall this is the best company in all insurance sectors.

Dislikes

In banca channel, the company heads and co-heads has to interact with the bankers for freshers encouragement

Work Details

Work days: Monday to Saturday (Flexible Timings)

Work related travel: This is a desk job.

Insurance Consultant (working remotely)

Full Time

 · 

Life Insurance Department

1.0
posted on 21 Jun 2023

1.0 for Salary and Benefits

Likes

Nothing is there to tell nice about Bajaj .pls don't work here .They will give us fake promises about income and all and hide so many things and give you false expectations. Don't fall in their trap.

Dislikes

Worst company to work ever. I worked for 4 months in this company without any salary as promised in interview time. Full our waste of time and arrogant people least bothered whether we work or don't they don't they won't come to know unless they are mind is involved in making money for themselves.

Work Details

Work timings: Strict Timings

Work related travel: This is a desk job.

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Average annual salary in Bajaj Allianz Life Insurance is INR 6.5 lakhs . Salary estimates are based on 14.8k Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.