Edelweiss Life Insurance Mumbai Branch Manager Salaries by 7 Employees (Updated 2025)

7 - 15 years exp.

₹6.3 Lakhs - ₹7.5 Lakhs

Salary of majority employees

32% less than the average Branch Manager Salary in Insurance Companies for 7 - 15 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Sales & Business Development Branch Manager Salary 7 - 10 years exp. (3 salaries)	₹6.3 L/yr - ₹7.9 L/yr
BFSI, Investments & Trading Branch Manager Salary 15 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.1 L/yr
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Marketing & Communication Branch Manager Salary 10 years exp. (AmbitionBox Estimate)	₹6.1 L/yr - ₹7 L/yr

Last Updated: 4 Oct 2023

Companies similar to Edelweiss Life Insurance for Branch Manager in Mumbai

Edelweiss Life Insurance Branch Manager Salary

7 - 15 years exp. (7 salaries)

₹6.3 L/yr - ₹7.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Branch Manager Salary 6 - 17 years exp. (38 salaries)	₹9.8 L/yr - ₹18 L/yr 74% more
HDFC Life Branch Manager Salary 7 - 16 years exp. (30 salaries)	₹5.5 L/yr - ₹12.5 L/yr 23% more
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SBI Life Insurance Company Branch Manager Salary 7 - 14 years exp. (7 salaries)	₹8 L/yr - ₹11.2 L/yr 54% more
Max Life Insurance Branch Manager Salary 9 - 18 years exp. (11 salaries)	₹7.3 L/yr - ₹12.5 L/yr 44% more	1 job opening
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 14 years exp. (14 salaries)	₹5.1 L/yr - ₹12 L/yr 15% more
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 17 years exp. (18 salaries)	₹6 L/yr - ₹11 L/yr 28% more
Tata AIA Life Insurance Branch Manager Salary 10 - 19 years exp. (14 salaries)	₹8.2 L/yr - ₹15.5 L/yr 69% more	21 job openings
PNB MetLife Branch Manager Salary 12 - 18 years exp. (3 salaries)	₹9.4 L/yr - ₹12.5 L/yr 37% more	2 job openings
Future Generali India Life Insurance Branch Manager Salary 7 - 18 years exp. (8 salaries)	₹6.4 L/yr - ₹12.2 L/yr 28% more	1 job opening
Cholamandalam MS General Insurance Branch Manager Salary 4 - 10 years exp. (7 salaries)	₹3.5 L/yr - ₹7 L/yr 23% less
Bharti AXA Life Insurance Branch Manager Salary 12 - 15 years exp. (6 salaries)	₹6.2 L/yr - ₹9.9 L/yr 13% more
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Aditya Birla Health Insurance Co Branch Manager Salary 11 - 15 years exp. (5 salaries)	₹6.5 L/yr - ₹9.7 L/yr 26% more
ManipalCigna Health Insurance Branch Manager Salary 8 - 11 years exp. (4 salaries)	₹5.4 L/yr - ₹8.8 L/yr 17% more
Universal Sompo General Insurance Branch Manager Salary 10 - 15 years exp. (4 salaries)	₹11.8 L/yr - ₹14.2 L/yr 88% more
Shriram General Insurance Branch Manager Salary 8 - 15 years exp. (3 salaries)	₹6 L/yr - ₹8.5 L/yr 11% less

Branch Manager salary at Edelweiss Life Insurance ranges between ₹6.3 Lakhs to ₹7.5 Lakhs per year for employees with experience between 7 years to 15 years. Salary estimates are based on 7 latest salaries received from various employees of Edelweiss Life Insurance.

Experience wise Edelweiss Life Insurance Branch Manager salaries in Mumbai

Last Updated: 4 Oct 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹12.5 L/yr
8 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
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9 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹12.7 L/yr
10 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹12.8 L/yr
11 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
12 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
13 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
14 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
15+ years (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.5 L/yr

View all

Similar Designation salaries in Edelweiss Life Insurance

Chief Manager Salary

(35 salaries)

₹11 L/yr - ₹25 L/yr

Cluster Manager Salary

(4 salaries)

₹8.8 L/yr - ₹12.5 L/yr

Area Manager Salary

(4 salaries)

₹13.5 L/yr - ₹15.15 L/yr

Sales Manager Salary

(3 salaries)

₹3.2 L/yr - ₹4 L/yr

Operations Manager Salary

(3 salaries)

₹5 L/yr - ₹7.01 L/yr

Top skills at Edelweiss Life Insurance for Branch Manager

Life Insurance Branch Management Agency Sales Life Insurance Agency Channel Tied Channel Team Handling Senior Management Marking Field Sales Direct Sales Heading Branch Insurance Sales LI Providing Training

Salary related reviews for Edelweiss Life Insurance

4.2

Rated by 2 employees for salary & benefits

Territory Manager in Tiruchirappalli

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 30 Dec 2022

5.0

for Salary and Benefits

Likes

On time salary. Friendly environment. Good office set up. Excellent customer service. Good ethics on all parameters.

Dislikes

No training and development on career point of views and work related training Updation

Housekeeping Supervisor in Chennai

Full Time

Food, Beverage & Hospitality Department

2.0

• posted on 11 Sep 2023

3.0

for Salary and Benefits

Likes

function time there provide foods for all staff's

Dislikes

salary is very low. there didn't increase. 4 years am working but my salary 8000 only. thats why i resign my job. qm waiting more than 4 month for my pension .still there didn't provide my pension amount and experience amount....

Branch Operation Executive in New Delhi

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 24 Aug 2023

2.0

for Salary and Benefits

Likes

...abt com. 1st Three hears was good, but after covid company behaving like weird. No hike No proposion No increment Branch counter guy sent for premium collection like recovery officer.

Dislikes

No balance in professional n personal. No time limit. Hr's are just show piese for other than sales recruitment. Only sales oriented company, which is good for company but not for employees.

Process Analyst (working remotely)

Full Time

Risk Management & Compliance Department

3.0

• posted on 05 Aug 2024

2.0

for Salary and Benefits

Likes

Job Security Learning Work Life Balance Super Boss is Friendly Decent Infrastructure Timely Payment of Salary Awards and Recognition People Friendly HR Fun activities Manager allows to take leave Saturday and Sunday off

Dislikes

Manager is strict No playing area Canteen is congested Loss Making company Growth is slow Limited Budget for innovations

Branch Operation Executive in Varanasi

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 25 Jun 2020

3.0

for Salary and Benefits

Likes

There are supportive senior boss. In covid19 salary not break it's release every last day of month. All work perform work from home.

Dislikes

There are job role branch operations executive but still add some extra profile like calling to customer, collect renuwal like target based.

see more salary related reviews

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2w (edited)

a social media specialist

Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Edelweiss Life Insurance Branch Manager Salary FAQs

What is the salary of Branch Manager at Edelweiss Life Insurance Mumbai?

Branch Manager salary at Edelweiss Life Insurance in Mumbai ranges between ₹6.3 Lakhs to ₹7.5 Lakhs for experience between 7 years to 15 years. According to our estimates it is 32% less than the average Branch Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Edelweiss Life Insurance Mumbai.

How does the salary of a Branch Manager at Edelweiss Life Insurance Mumbai compare with the average salary range for this job?

The average salary of a Branch Manager at Edelweiss Life Insurance is 32% less than the average salary of a Branch Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Branch Manager at Edelweiss Life Insurance?

Life Insurance, Branch Management, Agency Sales, Life Insurance and Agency Channel are some of the popular skills required to work as a Branch Manager at Edelweiss Life Insurance Mumbai.

Which similar companies are paying more than Edelweiss Life Insurance to a Branch Manager in Mumbai?

Universal Sompo General Insurance Branch Manager Salary - ₹11.8 Lakhs to ₹14.2 Lakhs per year
ICICI Prudential Life Insurance Branch Manager Salary - ₹9.8 Lakhs to ₹18.0 Lakhs per year
Tata AIA Life Insurance Branch Manager Salary - ₹8.2 Lakhs to ₹15.5 Lakhs per year
SBI Life Insurance Company Branch Manager Salary - ₹8.0 Lakhs to ₹11.2 Lakhs per year
Max Life Insurance Branch Manager Salary - ₹7.3 Lakhs to ₹12.5 Lakhs per year

What is the salary of a Branch Manager in companies similar to Edelweiss Life Insurance in Mumbai?

PNB MetLife Branch Manager Salary - ₹9.4 Lakhs to ₹12.5 Lakhs per year
Kotak Mahindara Life Insurance Branch Manager Salary - ₹6.0 Lakhs to ₹11.0 Lakhs per year
Future Generali India Life Insurance Branch Manager Salary - ₹6.4 Lakhs to ₹12.2 Lakhs per year
Aditya Birla Health Insurance Co Branch Manager Salary - ₹6.5 Lakhs to ₹9.7 Lakhs per year
HDFC Life Branch Manager Salary - ₹5.5 Lakhs to ₹12.5 Lakhs per year

What is the estimated take home salary of a Branch Manager at Edelweiss Life Insurance in Mumbai?

The estimated take-home salary of a Branch Manager at Edelweiss Life Insurance ranges between ₹53,506 per month to ₹54,839 per month in Mumbai. The take-home salary calculation is based on the average Edelweiss Life Insurance Branch Manager salary in India which ranges between ₹6.3 Lakhs to ₹7.5 Lakhs per year for employees with experience between 7 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager at Edelweiss Life Insurance in Mumbai?

According to AmbitionBox, 100% of the Edelweiss Life Insurance Branch Managers in Mumbai reported a notice period of 2 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Edelweiss Life Insurance Branch Manager Salaries in Mumbai

Edelweiss Life Insurance Branch Manager salary in Mumbai ranges between ₹6.3 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Edelweiss Life Insurance latest salaries received from various employees of Edelweiss Life Insurance.