General Insurance Branch Manager Salaries by 7 Employees

8 - 14 years exp.

₹5.3 Lakhs - ₹13.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

11% less than the average Branch Manager Salary in Insurance Companies for 8 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 10 - 14 years exp. (4 salaries)	₹6.5 L/yr - ₹13.8 L/yr
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Sales & Business Development Branch Manager Salary 13 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr

Last Updated: 17 Jun 2024

Companies similar to General Insurance for Branch Manager

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Branch Manager Salary 7 - 18 years exp. (112 salaries)	₹4 L/yr - ₹11.7 L/yr 8% less
Reliance Nippon Life Insurance Branch Manager Salary 8 - 19 years exp. (189 salaries)	₹3.8 L/yr - ₹10 L/yr 10% less
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Shriram General Insurance Branch Manager Salary 6 - 15 years exp. (173 salaries)	₹3.2 L/yr - ₹8.5 L/yr 24% less
SBI Life Insurance Company Branch Manager Salary 7 - 24 years exp. (174 salaries)	₹6.5 L/yr - ₹15.7 L/yr 28% more
Tata AIA Life Insurance Branch Manager Salary 9 - 20 years exp. (159 salaries)	₹5 L/yr - ₹17.7 L/yr 49% more	13 job openings
Aditya Birla Health Insurance Co Branch Manager Salary 5 - 16 years exp. (165 salaries)	₹5 L/yr - ₹12 L/yr 7% more
Niva Bupa Health Insurance Company Branch Manager Salary 8 - 18 years exp. (132 salaries)	₹6 L/yr - ₹12.5 L/yr 13% more	1 job opening
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 18 years exp. (126 salaries)	₹4.5 L/yr - ₹12.9 L/yr At par	6 job openings
Future Generali India Life Insurance Branch Manager Salary 7 - 19 years exp. (114 salaries)	₹5 L/yr - ₹15.9 L/yr 13% more	2 job openings
Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 17 years exp. (145 salaries)	₹4.5 L/yr - ₹13 L/yr 9% more
Shriram Life Insurance Branch Manager Salary 6 - 16 years exp. (83 salaries)	₹2.2 L/yr - ₹9.5 L/yr 28% less	2 job openings
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Bharti AXA Life Insurance Branch Manager Salary 7 - 18 years exp. (72 salaries)	₹5 L/yr - ₹12 L/yr At par
Reliance General Insurance Branch Manager Salary 8 - 19 years exp. (63 salaries)	₹5.2 L/yr - ₹16 L/yr 21% more
Tata AIG Branch Manager Salary 7 - 14 years exp. (51 salaries)	₹5.9 L/yr - ₹11 L/yr 5% more
Iffco Tokio General Insurance Co. Branch Manager Salary 2 - 15 years exp. (33 salaries)	₹3.4 L/yr - ₹12 L/yr 15% less
Pramerica Life Insurance Branch Manager Salary 6 - 19 years exp. (21 salaries)	₹6.5 L/yr - ₹11 L/yr 2% more
Life Insurance Corporation of India Branch Manager Salary 15 - 31 years exp. (15 salaries)	₹9.7 L/yr - ₹31 L/yr 111% more
Ageas Federal Life Insurance Branch Manager Salary 8 - 22 years exp. (11 salaries)	₹7 L/yr - ₹12 L/yr 12% more
MDIndia Health Insurance TPA Branch Manager Salary 6 - 12 years exp. (9 salaries)	₹4.6 L/yr - ₹7.6 L/yr 33% less	1 job opening
Canara HSBC Life Insurance Branch Manager Salary 7 - 17 years exp. (7 salaries)	₹7 L/yr - ₹12.5 L/yr 28% more

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Branch Manager salary at General Insurance ranges between ₹5.3 Lakhs to ₹13.8 Lakhs per year for employees with experience between 8 years to 14 years. Salary estimates are based on 7 latest salaries received from various employees of General Insurance.

Experience wise General Insurance Branch Manager salaries

Last Updated: 17 Jun 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹10.1 L/yr
9 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.5 L/yr
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10 years (AmbitionBox Estimate)	₹7 L/yr - ₹13.2 L/yr
11 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.5 L/yr
12 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹13.8 L/yr
13 years (AmbitionBox Estimate)	₹4 L/yr - ₹10 L/yr
14 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹19.5 L/yr

View all

Similar Designation salaries in General Insurance

Area Manager Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Sales Manager Salary

(7 salaries)

₹2.5 L/yr - ₹6 L/yr

Branch Incharge Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.6 L/yr

Deputy Manager Salary

(4 salaries)

₹3 L/yr - ₹9 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Cluster Manager Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Operations Manager Salary

(3 salaries)

₹3 L/yr - ₹3.1 L/yr

Area Sales Manager Salary

(4 salaries)

₹4 L/yr - ₹8.25 L/yr

Territory Manager Salary

(5 salaries)

₹5.05 L/yr - ₹8.9 L/yr

Relationship Manager Salary

(9 salaries)

₹2.5 L/yr - ₹4.15 L/yr

Salary related reviews for General Insurance

5.0

Rated by 1 employees for salary & benefits

Kolkata in Kolkata

Sales & Business Development Department

4.0

• posted on 22 Apr 2021

4.0

for Salary and Benefits

Likes

I have worked in general insurance and i have experience and feild working habituated.I have issues policy from TATA, Chola, Shriram, Bajaj,go digit , ICICI Lombard from welcom financial Pvt Ltd Kolkata.I have interested with general insurance company

Salary - Good

+6 more

Dislikes

Nathing special but claim settlement should be fast for the customer's

LOSS ASSESSOR RISK INSPECTION ENGINEER,FACULTY in Noida

In industries --quality, production, in general insurance claims assess... Department

5.0

• posted on 20 Aug 2019

5.0

for Salary and Benefits

Likes

I am an expert in Motor claims of unlimited estimated loss. Carried out more than 11000 surveys so far. I like it and also delivered lectures in several national level seminars and work shops. I am honored to opine on the motor litigated and cases filed before the ombudsman for decision. I give my opinion on base of insurance laws and technicalities on the claims. I am also expert in pre insurance inspection /Risk Inspections also in Risk management of non motor insurance. I like the most above both jabs. I have deep knowledge of law and engineering/ technicality of the claims. I am very innovative with technology and laws and cooperative with the colleagues and do respect the bosses.

Salary - Excellent

+6 more

Dislikes

i like this industry. as my job is dependent on insurers so, some time i face deputation problem.

Regional Manager

BFSI, Investments & Trading Department

5.0

• posted on 16 Jul 2018

5.0

for Salary and Benefits

Likes

When Insurance industry was opened for for private participation in 2004, it was projected by market leaders that the existing public sector general insurance [PSGI] will be doomed in five years. Alas, that it was not to be. Even now the PSGI compnies hold more than 50% of Market Share of General Insurance Premium and is growing steadily and are making the Pvt. Sector Insurance companies run for their money. Unlike Life insurance where investments are made for long term, the general insurance contracts are annual in nature, yet the public confidence is still with PSGI companies. There can be delay but there won't be deny in case of any major catastrophe. Ofcourse, the PSGI companies have to be more customer friendly when it comes to hassle free acceptance of premium as well as settlement of claims by using the latest advanced automation/digitilaisation.

Salary - Excellent

+6 more

Dislikes

At times it may be frustrating for the really competent persons as out of turn recognition / elevation is not possible, as well as tougher industrial relations -- because of the undue advantage taken by certain undeserving elements taking protection under the prrevailing reservation system.

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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General Insurance Branch Manager Salary FAQs

What is the salary of Branch Manager at General Insurance ?

The average salary of a Branch Manager at General Insurance in India typically ranges from ₹5.3 Lakhs to ₹13.8 Lakhs per year, depending on experience (from 8 years to 14 years).

The top 10% of Branch Manager at General Insurance earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹13.8 Lakhs per year. Branch Manager Salaries at General 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 7 General Insurance employees in India.

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

The estimated take-home salary of a Branch Manager at General Insurance in India typically ranges from ₹60,476 to ₹62,007 per month. This is based on the average salary range of ₹5.3 Lakhs to ₹13.8 Lakhs per year for employees with experience ranging from 8 years to 14 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 7 salaries received from various employees of General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than General Insurance for Branch Manager in India?

Life Insurance Corporation of India	₹9.7 Lakhs to ₹31.0 Lakhs per year
Tata AIA Life Insurance	₹5.0 Lakhs to ₹17.7 Lakhs per year
Canara HSBC Life Insurance	₹7.0 Lakhs to ₹12.5 Lakhs per year
SBI Life Insurance Company	₹6.5 Lakhs to ₹15.7 Lakhs per year
Reliance General Insurance	₹5.2 Lakhs to ₹16.0 Lakhs per year

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

What is the salary of a Branch Manager in companies similar to General Insurance in India?

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

Future Generali India Life Insurance	₹5.0 Lakhs to ₹15.9 Lakhs per year
Niva Bupa Health Insurance Company	₹6.0 Lakhs to ₹12.5 Lakhs per year
Ageas Federal Life Insurance	₹7.0 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹4.5 Lakhs to ₹13.0 Lakhs per year
Aditya Birla Health Insurance Co	₹5.0 Lakhs to ₹12.0 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 Branch Manager at General Insurance in India?

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

Experience	Average Salary Range
8 years	₹5.3 Lakhs to ₹10.1 Lakhs per year
9 years	₹5.8 Lakhs to ₹7.5 Lakhs per year
10 years	₹7.0 Lakhs to ₹13.2 Lakhs per year
11 years	₹7.4 Lakhs to ₹9.5 Lakhs per year

and so on.

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General Insurance Branch Manager Salaries

General Insurance Branch Manager salary in India ranges between ₹5.3 Lakhs to ₹13.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 General Insurance latest salaries received from various employees of General Insurance.