Bajaj Allianz Life Insurance Sales Manager Bancassurance Salaries by 10+ Employees

3 - 7 years exp.

₹2.3 Lakhs - ₹4.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

Sales Manager Bancassurance Salary at Bajaj Allianz Life Insurance ranges between ₹2.3 Lakhs to ₹4.2 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 12 latest... Read more

23% less than the average Sales Manager Bancassurance Salary in Insurance Companies for 3 - 7 years of experience

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Last Updated: 16 Aug 2024

Companies similar to Bajaj Allianz Life Insurance for Sales Manager Bancassurance

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz General Insurance Sales Manager Bancassurance Salary 1 - 13 years exp. (18 salaries)	₹2.5 L/yr - ₹6 L/yr 27% more	59 job openings
HDFC Ergo General Insurance Sales Manager Bancassurance Salary 2 - 12 years exp. (18 salaries)	₹3.1 L/yr - ₹5.3 L/yr 11% more
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HDFC Life Sales Manager Bancassurance Salary 0 - 7 years exp. (12 salaries)	₹1.8 L/yr - ₹3.8 L/yr 20% less

ICICI Prudential Life Insurance Sales Manager Bancassurance Salary 1 - 8 years exp. (11 salaries)	₹5.5 L/yr - ₹11.1 L/yr 117% more
Tata AIG Sales Manager Bancassurance Salary 6 - 16 years exp. (11 salaries)	₹5.5 L/yr - ₹11 L/yr 140% more
ICICI Lombard General Insurance Company Sales Manager Bancassurance Salary 7 - 12 years exp. (8 salaries)	₹4.3 L/yr - ₹9.4 L/yr 81% more
Kotak Mahindara Life Insurance Sales Manager Bancassurance Salary 2 - 10 years exp. (7 salaries)	₹3.5 L/yr - ₹5.5 L/yr 31% more
Tata AIA Life Insurance Sales Manager Bancassurance Salary 3 - 5 years exp. (5 salaries)	₹2.3 L/yr - ₹4 L/yr At par

Aditya Birla Health Insurance Co Sales Manager Bancassurance Salary 1 - 5 years exp. (5 salaries)	₹3.6 L/yr - ₹4.5 L/yr 15% more
Axis Max Life Insurance Sales Manager Bancassurance Salary 4 - 7 years exp. (4 salaries)	₹1.8 L/yr - ₹4.7 L/yr 4% more	12 job openings
Aditya Birla Sun Life Insurance Sales Manager Bancassurance Salary 0 - 11 years exp. (4 salaries)	₹1.9 L/yr - ₹6.5 L/yr 11% more
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Bajaj Allianz Life Insurance Sales Manager Bancassurance salaries by

Years of experience	Avg. annual salary
3 years (3 salaries)	₹2.3 L/yr - ₹4.2 L/yr
4 years (5 salaries)	₹2.3 L/yr - ₹4.2 L/yr
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5 years (3 salaries)	₹2.5 L/yr - ₹4.2 L/yr
6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
7 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.2 L/yr

Similar Designation Salaries at Bajaj Allianz Life Insurance

Similar Designation	Avg. annual salary
Relationship Manager Salary (812 salaries)	₹1.7 L/yr - ₹5.5 L/yr
Senior Relationship Manager Salary (729 salaries)	₹2 L/yr - ₹4.8 L/yr
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Business Sales Manager Salary (658 salaries)	₹2.7 L/yr - ₹6 L/yr
Executive Relationship Manager Salary (648 salaries)	₹2.5 L/yr - ₹4.3 L/yr
Senior Cluster Manager Salary (248 salaries)	₹7 L/yr - ₹15.3 L/yr
Executive Sales Manager Salary (238 salaries)	₹3 L/yr - ₹4.5 L/yr
Branch Sales Manager Salary (209 salaries)	₹2.6 L/yr - ₹6 L/yr
Chief Branch Manager Salary (203 salaries)	₹8.8 L/yr - ₹16.8 L/yr
Key Relationship Manager Salary (199 salaries)	₹3.1 L/yr - ₹4.6 L/yr
Branch Manager Salary (171 salaries)	₹4 L/yr - ₹12.9 L/yr

View more similar designations

Top trending discussions

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Career Growth

2w (edited)

pleasantfox

works at

Insurance Sector

Stability vs Growth

I worked in a company for 20 years and suddenly put off role. Searching jobs I realised I am over age for various roles that I could do and less experienced for Leadership Roles as my exposure was limited. I always thought I am earning decent money and can work another 7 years and retire at 50. Though the younger generation is much smarter I still want to advise them (BFSI specific) * Work in a role for max 2-3 years and switch when you feel you are done. * By age of 30, if you are still earning less than 10 lakh you are not growing * By age of 35 you must become AVP as no company will hire AVP if you are more than 36. *Be loyal to your self, not your organization. * Most importantly save atleast 30% or more of whatever your CTC. Donot spend much with every raise. * Buy a property, and pay loans before 35. In tough times it's only Savings that give you cushion and peace nothing else

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Salary related reviews for Bajaj Allianz Life Insurance

3.6

Rated by 2 employees for salary & benefits

Executive Relationship Manager in Kohima

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for Salary and Benefits

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No comments

Dislikes

Not getting salary on time, bad Area manger, bad HR, Always getting negative reviews no matter how much efforts we are giving . No support from highers ups. Getting too much calls and VC even on holidays. Still didn't got experience letter.

Salary - Bad

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Executive Relationship Manager in Bankura

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Balic is a good company to work .. balic has given my carrier high..

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...e centricity balic does not look even after Work hard and good work for balic .. company does not increase no salary as per expectations.

Executive Relationship Manager in Srinagar

Full Time

Sales & Business Development Department

1.0

• updated on 07 Sep 2024

4.0

for Salary and Benefits

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Salary credited on time every month

Salary - Good

+1 more

Dislikes

In December i got gallbladder remove surgery and I got post surgery health issues i am not able to travel 50 kms/ day from branch to my residence and vice versa i had faced a lot of problems But my reporting manager namely ARSHAD WANI AND ASM Mr. ASHIQ don't coperate with me and send me abasccond mail and termination letter from hr total injustice Ganderbal Jammu and Kashmir Destroyed my career

Skill development - Bad

+4 more

Relationship Manager in Bangalore / Bengaluru

Full Time

Other Department

1.0

• updated on 29 Feb 2024

1.0

for Salary and Benefits

Likes

I respect the Bajaj Allianz Life insurance because company was selected to grow my career I love the Bajaj Allianz Life insurance products where we give best return to customers.

Dislikes

... Bajaj Allianz Life insurance company is best fastest growing company in india. But the managers working culture is dengerous because the managers are Black mail with employees salary, one of my manager was directly telling that if I do business then only I get salary, And this is the company policy he was telling is it my dear company CEO, In business sales the tarcher is common but who will blame with employees salary. And check the trainers quality.

Salary - Bad

+6 more

Executive Relationship Manager in Patiala

Full Time

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3.0

• updated on 03 Nov 2023

4.0

for Salary and Benefits

Likes

I liked about incentives, recognition, accommodations also about some investment traditional plans which good as compared to market. Also like term plan of bajaj Allianz life Which cheaper in the market and they give handsome discounts to their employees for self purchase.

Salary - Good

+1 more

Dislikes

...d office. No matter how far away form your place and no matter what is the time. Too much traveling, half of your salary was gone in traveling. If we talk about support from colleagues and manager or administration everyone just showing they doing but actually no one doing anything.

Skill development - Poor

+2 more

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Bajaj Allianz Life Insurance Sales Manager Bancassurance Salary FAQs

What is the salary of Sales Manager Bancassurance at Bajaj Allianz Life Insurance ?

The average salary of a Sales Manager Bancassurance at Bajaj Allianz Life Insurance in India typically ranges from ₹2.3 Lakhs to ₹4.2 Lakhs per year, depending on experience (from 3 years to 7 years).

The top 10% of Sales Manager Bancassurance at Bajaj Allianz Life Insurance earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. Sales Manager Bancassurance Salaries at Bajaj Allianz Life 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 10+ Bajaj Allianz Life Insurance employees in India.

What is the estimated take home salary of a Sales Manager Bancassurance at Bajaj Allianz Life Insurance in India?

The estimated take-home salary of a Sales Manager Bancassurance at Bajaj Allianz Life Insurance in India typically ranges from ₹25,041 to ₹26,480 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from 3 years to 7 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 10+ salaries received from various employees of Bajaj Allianz Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Sales Manager Bancassurance at Bajaj Allianz Life Insurance ?

To be a Sales Manager Bancassurance at Bajaj Allianz Life Insurance in india, the key skills required include:

- Branch Banking
- General Insurance
- Relationship Management
- Bancassurance
- banca sales

These skills are highly valued at Bajaj Allianz Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Bajaj Allianz Life Insurance for Sales Manager Bancassurance in India?

Tata AIG	₹5.5 Lakhs to ₹11.0 Lakhs per year
ICICI Prudential Life Insurance	₹5.5 Lakhs to ₹11.1 Lakhs per year
ICICI Lombard General Insurance Company	₹4.3 Lakhs to ₹9.4 Lakhs per year
Kotak Mahindara Life Insurance	₹3.5 Lakhs to ₹5.5 Lakhs per year
Bajaj Allianz General Insurance	₹2.5 Lakhs to ₹6.0 Lakhs per year

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

What is the salary of a Sales Manager Bancassurance in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a Sales Manager Bancassurance at companies similar to Bajaj Allianz Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Health Insurance Co	₹3.6 Lakhs to ₹4.5 Lakhs per year
HDFC Ergo General Insurance	₹3.1 Lakhs to ₹5.3 Lakhs per year
Aditya Birla Sun Life Insurance	₹1.9 Lakhs to ₹6.5 Lakhs per year
Axis Max Life Insurance	₹1.8 Lakhs to ₹4.7 Lakhs per year
Tata AIA Life Insurance	₹2.3 Lakhs to ₹4.0 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 Sales Manager Bancassurance at Bajaj Allianz Life Insurance in India?

The salary growth for a Sales Manager Bancassurance at Bajaj Allianz Life Insurance depends on factors such as experience, performance, and promotions. On average, a Sales Manager Bancassurance can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience	Average Salary Range
3 years	₹2.3 Lakhs to ₹4.2 Lakhs per year
4 years	₹2.3 Lakhs to ₹4.2 Lakhs per year
5 years	₹2.5 Lakhs to ₹4.2 Lakhs per year
6 years	₹3.3 Lakhs to ₹4.2 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Sales Manager Bancassurance Salaries

Bajaj Allianz Life Insurance Sales Manager Bancassurance salary in India ranges between ₹2.3 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.