Pramerica Life Insurance Assistant Branch Manager Salaries by 4 Employees

5 - 18 years exp.

₹3.8 Lakhs - ₹6.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

5% more than the average Assistant Branch Manager Salary in Insurance Companies for 5 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Branch Manager Salary 5 - 18 years exp. (3 salaries)	₹3.8 L/yr - ₹6.5 L/yr
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Sales & Business Development Assistant Branch Manager Salary 12 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 27 Jan 2024

Companies similar to Pramerica Life Insurance for Assistant Branch Manager

Company name	Avg Annual Salary	Open Jobs
Future Generali India Life Insurance Assistant Branch Manager Salary 3 - 15 years exp. (243 salaries)	₹3.8 L/yr - ₹6.6 L/yr 2% less	7 job openings
Cholamandalam MS General Insurance Assistant Branch Manager Salary 1 - 5 years exp. (69 salaries)	₹2.6 L/yr - ₹4.6 L/yr 32% less
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Shriram General Insurance Assistant Branch Manager Salary 2 - 9 years exp. (25 salaries)	₹2.8 L/yr - ₹5 L/yr 30% less
Aditya Birla Health Insurance Co Assistant Branch Manager Salary 3 - 14 years exp. (20 salaries)	₹4.5 L/yr - ₹9.9 L/yr 30% more
Aviva Life Insurance India Assistant Branch Manager Salary 8 - 12 years exp. (12 salaries)	₹5 L/yr - ₹7.3 L/yr 25% more
Bharti AXA Life Insurance Assistant Branch Manager Salary 4 - 21 years exp. (8 salaries)	₹4.3 L/yr - ₹10.3 L/yr 24% more
Bajaj Capital Insurance Assistant Branch Manager Salary 2 - 6 years exp. (6 salaries)	₹2.1 L/yr - ₹3 L/yr 51% less
Edelweiss Life Insurance Assistant Branch Manager Salary 0 - 12 years exp. (6 salaries)	₹3 L/yr - ₹7.4 L/yr 5% less
Ageas Federal Life Insurance Assistant Branch Manager Salary 6 - 8 years exp. (3 salaries)	₹4.2 L/yr - ₹6 L/yr 1% more

Assistant Branch Manager salary at Pramerica Life Insurance ranges between ₹3.8 Lakhs to ₹6.5 Lakhs per year for employees with experience between 5 years to 18 years. Salary estimates are based on 4 latest salaries received from various employees of Pramerica Life Insurance.

Experience wise Pramerica Life Insurance Assistant Branch Manager salaries

Last Updated: 27 Jan 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
8 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
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12 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
15+ years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr

Similar Designation salaries in Pramerica Life Insurance

Assistant Sales Manager Salary

(7 salaries)

₹2.25 L/yr - ₹3.6 L/yr

Senior Branch Manager Salary

(6 salaries)

₹12.5 L/yr - ₹14.5 L/yr

Branch Manager Salary

(21 salaries)

₹6.5 L/yr - ₹11 L/yr

Area Sales Manager Salary

(6 salaries)

₹2.5 L/yr - ₹4.2 L/yr

Senior Sales Manager Salary

(111 salaries)

₹3 L/yr - ₹5 L/yr

Department Manager Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Cluster Manager Salary

(5 salaries)

₹5.8 L/yr - ₹8.2 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Area Manager Salary

(4 salaries)

₹9 L/yr - ₹13.1 L/yr

Salary related reviews for Pramerica Life Insurance

Senior Sales Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 09 Nov 2023

2.0

for Salary and Benefits

Likes

Nothing.

Dislikes

In my vertical it isn't a right place to work with. This is the fake institutional business channel, more over you had to source your own business and also don't rely on the support of the corporate agent(Broking Partner). Please think twice before joining in the IB Vertical.

Salary - Poor

+3 more

Sales Manager

BFSI, Investments & Trading Department

3.0

• posted on 01 Jan 2019

5.0

for Salary and Benefits

Likes

Salary and other perks are disbursed as per schedule and on time. As far as work life balance is concerned , 4 out of 5 on a rating scale.

Salary - Excellent

+1 more

Dislikes

Learning and development is a concern area at Dhfl . On innovation front company is far behind in comparison to its peers . 2nd major concern is u cant consider ur job at dhfl secure. Even middle management is worried when u talk of job security at dhfl

Job security - Poor

Relationship Manager in Ambala

Education /school empanalment , team development ,And policy sale Department

2.0

• posted on 06 Sep 2017

5.0

for Salary and Benefits

Likes

I had a great experiance before joining when i worked as a commision agent only and just working for 24 percent commision even though i didn't have any license . Iwas just a commission agent .

Salary - Excellent

+4 more

Dislikes

...nise an activity there they denided to finance it .but i did on my own account . And there was 2 month and 17 day that i haven't recived my salary . So i regined . As i was left with no money to stay in ambala.

Job security - Poor

+1 more

Associate Sales Manager in Visakhapatnam

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 31 May 2024

1.0

for Salary and Benefits

Likes

Work timings and on time salary

Dislikes

Worst company I have ever worked. No professional management. No response from the HR management. The branch manager of vizag branch very worst. If anythings doesnot goes according to him he simply keeps unpaid to the whole month employees attendance which will lead to loss of pay. If we complaint to HR level then also they won't take any action. The BM even asks money from the customers for settling death claims. He does not know how to talk with the employees. He does not have any BM qualities and qualifications.

Salary - Bad

+6 more

Renewal Executive in Ranchi

Full Time

Procurement & Supply Chain Department

5.0

• posted on 13 Apr 2018

5.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology

Salary - Excellent

+3 more

Dislikes

Compensation is decent but growth is very slow. The work pressure is very high . I have to work 13 - 14 hours straight in a day as I have to attend customer call in the evening and some time late night received con call

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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Pramerica Life Insurance Assistant Branch Manager Salary FAQs

What is the salary of Assistant Branch Manager at Pramerica Life Insurance ?

The average salary of a Assistant Branch Manager at Pramerica Life Insurance in India typically ranges from ₹3.8 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 5 years to 18 years).

The top 10% of Assistant Branch Manager at Pramerica Life Insurance earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Assistant Branch Manager Salaries at Pramerica 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 4 Pramerica Life Insurance employees in India.

What is the estimated take home salary of a Assistant Branch Manager at Pramerica Life Insurance in India?

The estimated take-home salary of a Assistant Branch Manager at Pramerica Life Insurance in India typically ranges from ₹40,275 to ₹41,436 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 5 years to 18 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 Pramerica Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Pramerica Life Insurance for Assistant Branch Manager in India?

Aditya Birla Health Insurance Co	₹4.5 Lakhs to ₹9.9 Lakhs per year
Aviva Life Insurance India	₹5.0 Lakhs to ₹7.3 Lakhs per year
Bharti AXA Life Insurance	₹4.3 Lakhs to ₹10.3 Lakhs per year
Ageas Federal Life Insurance	₹4.2 Lakhs to ₹6.0 Lakhs per year

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

What is the salary of a Assistant Branch Manager in companies similar to Pramerica Life Insurance in India?

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

Future Generali India Life Insurance	₹3.8 Lakhs to ₹6.6 Lakhs per year
Edelweiss Life Insurance	₹3.0 Lakhs to ₹7.4 Lakhs per year
Shriram General Insurance	₹2.8 Lakhs to ₹5.0 Lakhs per year
Cholamandalam MS General Insurance	₹2.6 Lakhs to ₹4.6 Lakhs per year
Bajaj Capital Insurance	₹2.1 Lakhs to ₹3.0 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 Assistant Branch Manager at Pramerica Life Insurance in India?

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

Experience	Average Salary Range
5 years	₹3.4 Lakhs to ₹4.3 Lakhs per year
8 years	₹5.5 Lakhs to ₹7.1 Lakhs per year
12 years	₹4.5 Lakhs to ₹5.8 Lakhs per year
15 years	₹5.8 Lakhs to ₹7.4 Lakhs per year

and so on.

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Pramerica Life Insurance Assistant Branch Manager Salaries

Pramerica Life Insurance Assistant Branch Manager salary in India ranges between ₹3.8 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Pramerica Life Insurance latest salaries received from various employees of Pramerica Life Insurance.