ICICI Lombard General Insurance Company Cluster Branch Manager Salaries by 20+ Employees

11 - 18 years exp.

₹8 Lakhs - ₹18.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Cluster Branch Manager Salary in Insurance Companies for 11 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Branch Manager Salary 11 - 17 years exp. (10 salaries)	₹9 L/yr - ₹16.3 L/yr
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Sales & Business Development Cluster Branch Manager Salary 12 - 18 years exp. (7 salaries)	₹13.2 L/yr - ₹18.5 L/yr

Last Updated: 23 Jun 2024

Companies similar to ICICI Lombard General Insurance Company for Cluster Branch Manager

Company name	Avg Annual Salary	Open Jobs
Canara HSBC Life Insurance Cluster Branch Manager Salary 6 - 15 years exp. (22 salaries)	₹5.5 L/yr - ₹11 L/yr 42% less
Tata AIG Cluster Branch Manager Salary 10 - 16 years exp. (15 salaries)	₹10.8 L/yr - ₹16.5 L/yr 5% less
Login to view exact salary
Axis Max Life Insurance Cluster Branch Manager Salary 5 - 9 years exp. (5 salaries)	₹7.2 L/yr - ₹10 L/yr 40% less
Reliance General Insurance Cluster Branch Manager Salary 15 - 18 years exp. (5 salaries)	₹10 L/yr - ₹18.2 L/yr 1% more
Bajaj Allianz Life Insurance Cluster Branch Manager Salary 17 - 20 years exp. (4 salaries)	₹7 L/yr - ₹14.5 L/yr 25% less
HDFC Life Cluster Branch Manager Salary 5 - 11 years exp. (4 salaries)	₹6.7 L/yr - ₹10 L/yr 39% less

Cluster Branch Manager salary at ICICI Lombard General Insurance Company ranges between ₹8 Lakhs to ₹18.5 Lakhs per year for employees with experience between 11 years to 18 years. Salary estimates are based on 20 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Latest annual salaries shared by ICICI Lombard General Insurance Company Cluster Branch Manager

6mo ago

₹15 Lakhs

12 years exp.

1y ago

₹17.5 Lakhs

15 years exp.

1y ago

₹13.2 Lakhs

12 years exp.

1y ago

₹17.5 Lakhs

14 years exp.

1y ago

₹16.3 Lakhs

14 years exp.

1y ago

17 years exp.

1y ago

15 years exp.

1y ago

17 years exp.

1y ago

15 years exp.

1y ago

14 years exp.

Experience wise ICICI Lombard General Insurance Company Cluster Branch Manager salaries

Last Updated: 23 Jun 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹9 L/yr - ₹24.1 L/yr
12 years (3 salaries)	₹13 L/yr - ₹15 L/yr
Login to view exact salary
13 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹24.3 L/yr
14 years (6 salaries)	₹8 L/yr - ₹18.5 L/yr
15+ years (9 salaries)	₹11.3 L/yr - ₹17.5 L/yr

Similar Designation salaries in ICICI Lombard General Insurance Company

Senior Branch Manager Salary

(24 salaries)

₹8.5 L/yr - ₹14.1 L/yr

Deputy Branch Manager Salary

(AmbitionBox Estimate)

₹5.3 L/yr - ₹6.8 L/yr

Cluster Manager Salary

(15 salaries)

₹3.84 L/yr - ₹11 L/yr

Assistant Branch Manager Salary

(6 salaries)

₹5 L/yr - ₹6.5 L/yr

Branch Manager Salary

(213 salaries)

₹5 L/yr - ₹13 L/yr

Area Sales Manager Salary

(228 salaries)

₹4.8 L/yr - ₹19.59 L/yr

Regional Manager Salary

(30 salaries)

₹7.25 L/yr - ₹19.85 L/yr

Area Manager Salary

(39 salaries)

₹6.8 L/yr - ₹18.5 L/yr

Credit Manager Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Chief Manager Salary

(483 salaries)

₹9.46 L/yr - ₹23 L/yr

Salary related reviews for ICICI Lombard General Insurance Company

4.0

Rated by 4 employees for salary & benefits

Branch Manager in Haldwani

Full Time

Sales & Business Development Department

2.0

• posted on 08 Jun 2024

4.0

for Salary and Benefits

Likes

Get salary on time,

Salary - Good

+1 more

Dislikes

Toxic behaviour by top management, and HR will not supportive, On every day 4-5 con call , work under pressure , HR will transfer any time any where without prior notice, old employees are permanent दामाद of company, they will not accept new employees.

Job security - Bad

+3 more

Chief Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 21 Sep 2023

4.0

for Salary and Benefits

Likes

Salary is good. Benefits for employees are good.job security is there.Eveeything is almost automated.Manual work is less

Salary - Good

+1 more

Dislikes

There is no work life balance at all. All the work is just given to you suddenly. 2 to 3 weekends in a month goes in office work.No proper division of work. Politics is there.Partiality is there. Lot of late sitting. No proper planning.

Skill development - Poor

+4 more

Associate Vice President in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 24 Jun 2023

4.0

for Salary and Benefits

Likes

IL is company where you get freedom to work and explore. The management and line managers belive in the employee to go out of box and get the things done. Also there work life balance which is very important.

Salary - Good

+6 more

Dislikes

Salary increments are lower when compared to other Competitors.

Chief Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 04 Oct 2023

4.0

for Salary and Benefits

Likes

The company is extremely customer-friendly and open to accept new technology. The amount of efforts put in creating better customer experience is superb.

Salary - Good

+1 more

Dislikes

When it comes to appraisals and salary increments, it is not transparent. They have a poor appraisal system and it is heavily partial.

Promotions - Poor

Area Manager in Coimbatore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 07 Mar 2024

2.0

for Salary and Benefits

Likes

Good organization but motor claim department having lot of work load and there is very much biased in ratings and promotion

Dislikes

...year of my carrier I got only one promotion and one good ratings Started with 2.4 lakh and ended with 8 lakhs package per annum

Salary - Poor

+6 more

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ICICI Lombard General Insurance Company Cluster Branch Manager Salary FAQs

What is the salary of Cluster Branch Manager at ICICI Lombard General Insurance Company ?

The average salary of a Cluster Branch Manager at ICICI Lombard General Insurance Company in India typically ranges from ₹8.0 Lakhs to ₹18.5 Lakhs per year, depending on experience (from 11 years to 18 years).

The top 10% of Cluster Branch Manager at ICICI Lombard General Insurance Company earn more than ₹17.5 Lakhs per year, and the top 1% earn over ₹18.5 Lakhs per year. Cluster Branch Manager Salaries at ICICI Lombard General Insurance Company 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+ ICICI Lombard General Insurance Company employees in India.

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

The estimated take-home salary of a Cluster Branch Manager at ICICI Lombard General Insurance Company in India typically ranges from ₹95,247 to ₹97,814 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹18.5 Lakhs per year for employees with experience ranging from 11 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 20+ salaries received from various employees of ICICI Lombard General Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than ICICI Lombard General Insurance Company for Cluster Branch Manager in India?

Reliance General Insurance

₹10.0 Lakhs to ₹18.2 Lakhs per year

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

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

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

Tata AIG	₹10.8 Lakhs to ₹16.5 Lakhs per year
Bajaj Allianz Life Insurance	₹7.0 Lakhs to ₹14.5 Lakhs per year
HDFC Life	₹6.7 Lakhs to ₹10.0 Lakhs per year
Axis Max Life Insurance	₹7.2 Lakhs to ₹10.0 Lakhs per year
Canara HSBC Life Insurance	₹5.5 Lakhs to ₹11.0 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 Cluster Branch Manager at ICICI Lombard General Insurance Company in India?

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

Experience	Average Salary Range
11 years	₹9.0 Lakhs to ₹24.1 Lakhs per year
12 years	₹13.0 Lakhs to ₹15.0 Lakhs per year
13 years	₹9.9 Lakhs to ₹24.3 Lakhs per year
14 years	₹8.0 Lakhs to ₹18.5 Lakhs per year

and so on.

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ICICI Lombard General Insurance Company Cluster Branch Manager Salaries by Location

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ICICI Lombard General Insurance Company Cluster Branch Manager Salaries

ICICI Lombard General Insurance Company Cluster Branch Manager salary in India ranges between ₹8 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.

ICICI Lombard General Insurance Company Cluster Branch Manager salaries in India

Companies similar to ICICI Lombard General Insurance Company for Cluster Branch Manager

Latest annual salaries shared by ICICI Lombard General Insurance Company Cluster Branch Manager

Experience wise ICICI Lombard General Insurance Company Cluster Branch Manager salaries

Similar Designation salaries in ICICI Lombard General Insurance Company

Salary related reviews for ICICI Lombard General Insurance Company

Branch Manager in Haldwani

Chief Manager in Mumbai

Associate Vice President in Bangalore / Bengaluru

Chief Manager in Mumbai

Area Manager in Coimbatore

ICICI Lombard General Insurance Company Cluster Branch Manager Salary FAQs

Tell us how to improve this page.

ICICI Lombard General Insurance Company Cluster Branch Manager Salaries by Location