Insurance Company Branch Manager Salaries by 4 Employees

7 - 12 years exp.

₹6 Lakhs - ₹8 Lakhs

Low Confidence

Salary of majority employees

32% less than the average Branch Manager Salary in Real Estate Companies for 7 - 12 years of experience

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Salaries in different departments

Sales & Business Development Branch Manager Salary 7 - 12 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹8 L/yr
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BFSI, Investments & Trading Branch Manager Salary 12 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹8.1 L/yr

Last Updated: 30 May 2023

Companies similar to Insurance Company for Branch Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Branch Manager Salary 5 - 21 years exp. (2.3k salaries)	₹5.4 L/yr - ₹23 L/yr 112% more
HDFC Bank Branch Manager Salary 5 - 23 years exp. (1.6k salaries)	₹6.5 L/yr - ₹23 L/yr 137% more	18 job openings
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Kotak Mahindra Bank Branch Manager Salary 7 - 20 years exp. (1k salaries)	₹7 L/yr - ₹26 L/yr 158% more	1 job opening
IIFL Finance Branch Manager Salary 2 - 16 years exp. (1k salaries)	₹2.2 L/yr - ₹8 L/yr 13% less	8 job openings
IndusInd Bank Branch Manager Salary 7 - 20 years exp. (840 salaries)	₹6 L/yr - ₹22.8 L/yr 117% more	15 job openings

Branch Manager salary at Insurance Company ranges between ₹6 Lakhs to ₹8 Lakhs per year for employees with experience between 7 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Insurance Company.

Experience wise Insurance Company Branch Manager salaries

Last Updated: 30 May 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹8 L/yr
8 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
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9 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
10 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
11 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.2 L/yr
12 years (AmbitionBox Estimate)	₹6 L/yr - ₹7 L/yr

View all

Similar Designation salaries in Insurance Company

Area Manager Salary

(5 salaries)

₹9.42 L/yr - ₹11.19 L/yr

Sales Manager Salary

(34 salaries)

₹1.8 L/yr - ₹5.25 L/yr

Branch Head Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Deputy Manager Salary

(6 salaries)

₹4 L/yr - ₹4.5 L/yr

Chief Manager Salary

(3 salaries)

₹8.4 L/yr - ₹12 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹22.5 L/yr - ₹28.7 L/yr

Senior Branch Manager Salary

(4 salaries)

₹10.1 L/yr - ₹22.5 L/yr

Deputy Branch Manager Salary

(AmbitionBox Estimate)

₹6.1 L/yr - ₹7.8 L/yr

Cluster Manager Salary

(4 salaries)

₹4.5 L/yr - ₹8.23 L/yr

Operations Manager Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Salary related reviews for Insurance Company

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...agement is transparent.there is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

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Excellent organization one of the great insurance company in Pakistan. It's multinational company.this company provide me a great working environment. Very highly qualified staff.

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Compensation is decent but growth is low.the work pressure is very high.

Financial Planner in Lagos

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3.0

• posted on 06 Jun 2018

3.0

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...under a well secured environment and safe work environment while doing our work. Concerning salary and appraisal Unic went extra mile in making sure that we have our salary worth and also do appraisal monthly for promotion chances. The job involves quite lot of traveling and we are being provided with transportation as the case may be. Conflicts challenges were being handled with utmost care and importance and resolutions were made and reconciliation and ensure the signing of codes of ethics by every worker. The work environment in Unic is peaceful and encourages great thinking outside box in problems tackling and every other thing and life in accordance with the job were well planned and our roles took proper care and attendance to our customers.

Skill development - Excellent

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I do not dislike anything in Unic insurance while working for them and am boastful of our relationship till date as okay, fine and pleasing.

Customer Care Executive in Only Fraudulent Investigation Officer Take Benefits With This, Only Customer Faces Issue At All The

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BFSI, Investments & Trading Department

1.0

• posted on 17 Sep 2023

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for Salary and Benefits

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Only fraudulent investigation officer take benefits with this, only customer faces issue at all the stages after taking policy of companies

Salary - Excellent

+4 more

Dislikes

Only fraudulent investigation officer take benefits with this, only customer faces issue at all the stages after taking policy of companies

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Time Keeper (working remotely)

Full Time

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5.0

• posted on 21 Jul 2023

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for Salary and Benefits

Likes

Insurance company offers several benefits. Learning all the benefits of working for an insurance company can help you decide if working in the insurance field is the right choice.

Salary - Excellent

+6 more

Dislikes

Iam not convinced with this organization is the best place to continue developing ky career.

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Insurance Company Branch Manager Salary FAQs

What is the salary of Branch Manager at Insurance Company ?

The average salary of a Branch Manager at Insurance Company in India typically ranges from ₹6.0 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 7 years to 12 years).

The top 10% of Branch Manager at Insurance Company earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Branch Manager Salaries at 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 4 Insurance Company employees in India.

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

The estimated take-home salary of a Branch Manager at Insurance Company in India typically ranges from ₹47,474 to ₹48,598 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 7 years to 12 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 4 salaries received from various employees of Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Kotak Mahindra Bank	₹7.0 Lakhs to ₹26.0 Lakhs per year
HDFC Bank	₹6.5 Lakhs to ₹23.0 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

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

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

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

IIFL Finance

₹2.2 Lakhs to ₹8.0 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 Insurance Company in India?

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

Experience	Average Salary Range
7 years	₹2.5 Lakhs to ₹8.0 Lakhs per year
8 years	₹5.6 Lakhs to ₹7.2 Lakhs per year
9 years	₹5.6 Lakhs to ₹7.2 Lakhs per year
10 years	₹5.6 Lakhs to ₹7.2 Lakhs per year

and so on.

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Insurance Company Branch Manager Salaries

Insurance Company Branch Manager salary in India ranges between ₹6 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Insurance Company latest salaries received from various employees of Insurance Company.