General Insurance Branch Manager Salaries by 7 Employees (Updated 2025)

8 - 14 years exp.

₹5.3 Lakhs - ₹13.8 Lakhs

Salary of majority employees

10% 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
Life Insurance Corporation of India Branch Manager Salary 15 - 31 years exp. (14 salaries)	₹15.3 L/yr - ₹28 L/yr 107% more
ICICI Lombard General Insurance Company Branch Manager Salary 5 - 17 years exp. (211 salaries)	₹4.5 L/yr - ₹13 L/yr 9% more
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HDFC Ergo General Insurance Branch Manager Salary 8 - 18 years exp. (200 salaries)	₹4.7 L/yr - ₹14.5 L/yr 9% more
Bajaj Allianz General Insurance Branch Manager Salary 5 - 13 years exp. (14 salaries)	₹4.3 L/yr - ₹12.5 L/yr 8% less	2 job openings
The New India Assurance Co. Branch Manager Salary 5 - 10 years exp. (10 salaries)	₹10 L/yr - ₹18.5 L/yr 92% more
United India Insurance Company Branch Manager Salary 4 - 10 years exp. (7 salaries)	₹9 L/yr - ₹20 L/yr 90% more
National Insurance Company Branch Manager Salary 8 - 9 years exp. (6 salaries)	₹11 L/yr - ₹15.1 L/yr 43% more
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 - 16 years exp. (67 salaries)	₹5.9 L/yr - ₹12 L/yr 6% more	1 job opening
SBI General Insurance Branch Manager Salary 7 - 12 years exp. (7 salaries)	₹6.5 L/yr - ₹10.5 L/yr 4% less
Reliance Nippon Life Insurance Branch Manager Salary 8 - 20 years exp. (194 salaries)	₹3.8 L/yr - ₹10 L/yr 9% less	1 job opening
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Tata AIA Life Insurance Branch Manager Salary 9 - 20 years exp. (161 salaries)	₹5 L/yr - ₹17.3 L/yr 47% more	29 job openings
Aditya Birla Health Insurance Co Branch Manager Salary 5 - 16 years exp. (164 salaries)	₹6 L/yr - ₹12 L/yr 9% more
SBI Life Insurance Company Branch Manager Salary 7 - 24 years exp. (169 salaries)	₹6.5 L/yr - ₹15.7 L/yr 28% more
Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 12 years exp. (107 salaries)	₹4.5 L/yr - ₹11.3 L/yr 6% more
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 18 years exp. (130 salaries)	₹4.5 L/yr - ₹13.5 L/yr 5% more	1 job opening
Future Generali India Life Insurance Branch Manager Salary 7 - 19 years exp. (110 salaries)	₹5 L/yr - ₹16.2 L/yr 11% more	1 job opening
Niva Bupa Health Insurance Company Branch Manager Salary 11 - 18 years exp. (103 salaries)	₹6 L/yr - ₹12.5 L/yr 16% more	3 job openings
Star Health & Allied Insurance Branch Manager Salary 6 - 17 years exp. (122 salaries)	₹4 L/yr - ₹11.7 L/yr 5% less	2 job openings
Bharti AXA Life Insurance Branch Manager Salary 7 - 18 years exp. (75 salaries)	₹5 L/yr - ₹12 L/yr 1% 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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YOE: 6.5, Domain: Management Consulting CCTC: 30 LPA (24LPA + 6LPA) Current Company: Infosys Consulting Have Two Offers in hand?, Which One should I pick? One from Infosys Consulting for Onsite (UK - London) Fixed: 52000 Pounds + 13000 Pounds Variable Another from American Express (band 35), Gurgaon CTC:42.8 LPA Fixed:36.4 LPA + Rest Variable

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General Insurance Branch Manager Salary FAQs

What is the salary of Branch Manager at General Insurance?

Branch Manager salary at General Insurance in India ranges between ₹5.3 Lakhs to ₹13.8 Lakhs for experience between 8 years to 14 years. According to our estimates it is 10% less than the average Branch Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of General Insurance India.

How does the salary of a Branch Manager at General Insurance India compare with the average salary range for this job?

The average salary of a Branch Manager at General Insurance is 10% less than the average salary of a Branch Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than General Insurance to a Branch Manager in India?

Life Insurance Corporation of India Branch Manager Salary - ₹15.3 Lakhs to ₹28.0 Lakhs per year
The New India Assurance Co. Branch Manager Salary - ₹10.0 Lakhs to ₹18.5 Lakhs per year
United India Insurance Company Branch Manager Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
Tata AIA Life Insurance Branch Manager Salary - ₹5.0 Lakhs to ₹17.3 Lakhs per year
National Insurance Company Branch Manager Salary - ₹11.0 Lakhs to ₹15.1 Lakhs per year

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

SBI Life Insurance Company Branch Manager Salary - ₹6.5 Lakhs to ₹15.7 Lakhs per year
Canara HSBC Life Insurance Branch Manager Salary - ₹7.0 Lakhs to ₹12.5 Lakhs per year
Digit Insurance Branch Manager Salary - ₹9.0 Lakhs to ₹11.3 Lakhs per year
Reliance General Insurance Branch Manager Salary - ₹5.2 Lakhs to ₹16.0 Lakhs per year
Niva Bupa Health Insurance Company Branch Manager Salary - ₹6.0 Lakhs to ₹12.5 Lakhs per year

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 ranges between ₹60,476 per month to ₹62,007 per month in India. The take-home salary calculation is based on the average General Insurance Branch Manager salary in India which ranges between ₹5.3 Lakhs to ₹13.8 Lakhs per year for employees with experience between 8 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager at General Insurance?

According to AmbitionBox, 50% of the General Insurance Branch Managers reported a notice period of 15 days or less, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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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.