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Pramerica Life Insurance Branch Manager salaries in India (Updated 2025)

Annual salary range
6 - 19 years exp.
₹6.5 Lakhs - ₹11 Lakhs
Salary of majority employees
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9% less than the average Branch Manager Salary in Insurance Companies for 6 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Manager Salary
10 - 19 years exp. (9 salaries)
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₹6.5 L/yr - ₹9.5 L/yr

Sales & Business Development
Branch Manager Salary
7 - 17 years exp. (7 salaries)
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₹8 L/yr - ₹11 L/yr

Marketing & Communication
Branch Manager Salary
6 - 12 years exp. (AmbitionBox Estimate)
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₹6.5 L/yr - ₹10.3 L/yr

Last Updated: 23 Feb 2025

Companies similar to Pramerica Life Insurance for Branch Manager

Company name Avg Annual Salary Open Jobs
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HDFC Bank Branch Manager Salary

5 - 23 years exp. (1.6k salaries)

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₹6.5 L/yr - ₹23 L/yr

arrow icon 76% more
7 job openings
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ICICI Bank Branch Manager Salary

5 - 21 years exp. (2.3k salaries)

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₹5.4 L/yr - ₹23 L/yr

arrow icon 58% more
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Axis Bank Branch Manager Salary

8 - 22 years exp. (627 salaries)

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₹6.5 L/yr - ₹24 L/yr

arrow icon 78% more
4 job openings
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Kotak Mahindra Bank Branch Manager Salary

7 - 20 years exp. (1k salaries)

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₹7 L/yr - ₹26 L/yr

arrow icon 92% more
1 job opening
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Yes Bank Branch Manager Salary

7 - 19 years exp. (651 salaries)

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₹6 L/yr - ₹23.5 L/yr

arrow icon 73% more
4 job openings
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IndusInd Bank Branch Manager Salary

7 - 20 years exp. (841 salaries)

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₹6 L/yr - ₹22.8 L/yr

arrow icon 61% more
14 job openings
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IDFC FIRST Bank Branch Manager Salary

6 - 20 years exp. (629 salaries)

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₹6.2 L/yr - ₹26.4 L/yr

arrow icon 83% more
4 job openings
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RBL Bank Branch Manager Salary

11 - 22 years exp. (323 salaries)

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₹7.4 L/yr - ₹28.5 L/yr

arrow icon 107% more
6 job openings
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Federal Bank Branch Manager Salary

5 - 12 years exp. (47 salaries)

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₹8.2 L/yr - ₹22 L/yr

arrow icon 55% more
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Bandhan Bank Branch Manager Salary

5 - 19 years exp. (450 salaries)

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₹3.8 L/yr - ₹20 L/yr

arrow icon 34% more
1 job opening
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₹6.5 L/yr - ₹18.8 L/yr

arrow icon 45% more
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HDFC Life Branch Manager Salary

6 - 18 years exp. (261 salaries)

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₹5.3 L/yr - ₹12.5 L/yr

arrow icon 12% more
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₹2.9 L/yr - ₹8.8 L/yr

arrow icon 36% less
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₹4.9 L/yr - ₹13 L/yr

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₹3.8 L/yr - ₹10 L/yr

arrow icon 10% less
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Shriram General Insurance Branch Manager Salary

6 - 15 years exp. (173 salaries)

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₹3.2 L/yr - ₹8.5 L/yr

arrow icon 23% less
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SBI Life Insurance Company Branch Manager Salary

7 - 24 years exp. (173 salaries)

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₹6.5 L/yr - ₹15.7 L/yr

arrow icon 26% more
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₹5 L/yr - ₹12 L/yr

arrow icon 7% more
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Tata AIA Life Insurance Branch Manager Salary

8 - 20 years exp. (166 salaries)

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₹5 L/yr - ₹16.2 L/yr

arrow icon 44% more
17 job openings
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₹4.5 L/yr - ₹12.9 L/yr

arrow icon 2% more
4 job openings
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Branch Manager salary at Pramerica Life Insurance ranges between ₹6.5 Lakhs to ₹11 Lakhs per year for employees with experience between 6 years to 19 years. Salary estimates are based on 21 latest salaries received from various employees of Pramerica Life Insurance.

Latest annual salaries shared by Pramerica Life Insurance Branch Manager

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17 years exp.
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19 years exp.
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11 years exp.
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Experience wise Pramerica Life Insurance Branch Manager salaries

Last Updated: 23 Feb 2025

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹15.1 L/yr
7 years (AmbitionBox Estimate)

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₹8 L/yr - ₹15.1 L/yr
8 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹8.5 L/yr
9 years (AmbitionBox Estimate)

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₹8 L/yr - ₹15.1 L/yr
10 years  (4 salaries)

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₹7.5 L/yr - ₹9.1 L/yr
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Similar Designation salaries in Pramerica Life Insurance

Area Manager Salary
(4 salaries)
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₹9 L/yr - ₹13.1 L/yr
Sales Manager Salary
(152 salaries)
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₹2 L/yr - ₹4.7 L/yr
Branch Incharge Salary
(AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.2 L/yr
Branch Head Salary
(38 salaries)
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₹6 L/yr - ₹12.7 L/yr
Deputy Manager Salary
(51 salaries)
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₹4.8 L/yr - ₹14.73 L/yr
Chief Manager Salary
(12 salaries)
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₹19.9 L/yr - ₹30 L/yr
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₹11 L/yr - ₹14 L/yr
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₹5.8 L/yr - ₹8.2 L/yr
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₹6 L/yr - ₹12 L/yr
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₹2.5 L/yr - ₹4.2 L/yr

Top skills at Pramerica Life Insurance for Branch Manager

Branch Management Agency Channel Life Insurance Agency Sales Insurance Sales agency development Agent Recruitment agency Heading Branch Business Strategy Distribution Business Development Sales Development Sales Tied Channel

Salary related reviews for Pramerica Life Insurance

3.3

Rated by 9 employees for salary & benefits

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.

read more
  • Salary - Poor
  • +3 more

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.

read more
  • 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

read more
  • Job security - Poor

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 .

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  • 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.

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  • Job security - Poor
  • +1 more

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.

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  • Salary - Bad
  • +6 more

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

read more
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Pramerica Life Insurance Branch Manager Salary FAQs

What is the salary of Branch Manager at Pramerica Life Insurance ?
The average salary of a Branch Manager at Pramerica Life Insurance in India typically ranges from ₹6.5 Lakhs to ₹11.0 Lakhs per year, depending on experience (from 6 years to 19 years).

The top 10% of Branch Manager at Pramerica Life Insurance earn more than ₹10.1 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. 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 20+ Pramerica Life Insurance employees in India.
What is the estimated take home salary of a Branch Manager at Pramerica Life Insurance in India?
The estimated take-home salary of a Branch Manager at Pramerica Life Insurance in India typically ranges from ₹61,468 to ₹63,027 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from 6 years to 19 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 20+ salaries received from various employees of Pramerica Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Branch Manager at Pramerica Life Insurance ?
To be a Branch Manager at Pramerica Life Insurance in india, the key skills required include:

  • - Branch Management
  • - Agency Channel
  • - Life Insurance
  • - Agency Sales
  • - Insurance Sales

These skills are highly valued at Pramerica Life Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Pramerica Life Insurance for Branch Manager in India?
RBL Bank ₹7.4 Lakhs to ₹28.5 Lakhs per year
Kotak Mahindra Bank ₹7.0 Lakhs to ₹26.0 Lakhs per year
IDFC FIRST Bank ₹6.2 Lakhs to ₹26.4 Lakhs per year
Axis Bank ₹6.5 Lakhs to ₹24.0 Lakhs per year
HDFC Bank ₹6.5 Lakhs to ₹23.0 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 Branch Manager in companies similar to Pramerica Life Insurance in India?
The salary of a 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:

Yes Bank ₹6.0 Lakhs to ₹23.5 Lakhs per year
IndusInd Bank ₹6.0 Lakhs to ₹22.8 Lakhs per year
ICICI Bank ₹5.4 Lakhs to ₹23.0 Lakhs per year
Federal Bank ₹8.2 Lakhs to ₹22.0 Lakhs per year
ICICI Prudential Life Insurance ₹6.5 Lakhs to ₹18.8 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 Branch Manager at Pramerica Life Insurance in India?
The salary growth for a Branch Manager at Pramerica Life Insurance depends on factors such as experience, performance, and promotions. On average, a Branch Manager can expect the following growth trajectory at Pramerica Life Insurance:

Experience Average Salary Range
6 years ₹6.5 Lakhs to ₹15.1 Lakhs per year
7 years ₹8.0 Lakhs to ₹15.1 Lakhs per year
8 years ₹3.4 Lakhs to ₹8.5 Lakhs per year
9 years ₹8.0 Lakhs to ₹15.1 Lakhs per year
and so on.

Tell us how to improve this page.

Pramerica Life Insurance Branch Manager salary in India ranges between ₹6.5 Lakhs to ₹11 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 21 Pramerica Life Insurance latest salaries received from various employees of Pramerica Life Insurance.