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4.4

based on 1.8k Reviews

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Life Insurance Corporation of India Branch Manager salaries in India

Annual salary range
3 - 31 years exp.
₹12.3 Lakhs - ₹28 Lakhs
Salary of majority employees
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71% more than the average Branch Manager Salary in Insurance Companies for 3 - 31 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Manager Salary
5 - 30 years exp. (10 salaries)
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₹11.5 L/yr - ₹26 L/yr

Marketing & Communication
Branch Manager Salary
31 years exp. (AmbitionBox Estimate)
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₹13.2 L/yr - ₹20 L/yr

Sales & Business Development
Branch Manager Salary
30 years exp. (AmbitionBox Estimate)
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₹12.1 L/yr - ₹24 L/yr

Last Updated: 5 Nov 2024

Companies similar to Life Insurance Corporation of India for Branch Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Branch Manager Salary

6 - 17 years exp. (275 salaries)

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₹5.3 L/yr - ₹12.5 L/yr

arrow icon 41% less
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₹6.3 L/yr - ₹18 L/yr

arrow icon 20% less
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SBI Life Insurance Company Branch Manager Salary

7 - 19 years exp. (159 salaries)

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₹6.5 L/yr - ₹15.7 L/yr

arrow icon 35% less
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Max Life Insurance Branch Manager Salary

6 - 17 years exp. (134 salaries)

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₹7 L/yr - ₹14 L/yr

arrow icon 34% less
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₹4.5 L/yr - ₹13.5 L/yr

arrow icon 46% less
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₹4.5 L/yr - ₹13 L/yr

arrow icon 44% less
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Tata AIA Life Insurance Branch Manager Salary

9 - 20 years exp. (156 salaries)

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₹5 L/yr - ₹16.2 L/yr

arrow icon 23% less
22 job openings
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₹3.8 L/yr - ₹10 L/yr

arrow icon 51% less
1 job opening
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₹7 L/yr - ₹15 L/yr

arrow icon 33% less
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₹4 L/yr - ₹12 L/yr

arrow icon 51% less
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₹4.7 L/yr - ₹13.7 L/yr

arrow icon 42% less
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₹2.9 L/yr - ₹8 L/yr

arrow icon 65% less
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Care Health Insurance Branch Manager Salary

3 - 17 years exp. (154 salaries)

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₹4 L/yr - ₹8.1 L/yr

arrow icon 64% less
1 job opening
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₹6.5 L/yr - ₹12.5 L/yr

arrow icon 42% less
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₹4.5 L/yr - ₹13 L/yr

arrow icon 42% less
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₹4.5 L/yr - ₹13 L/yr

arrow icon 42% less
7 job openings
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Shriram Life Insurance Branch Manager Salary

5 - 14 years exp. (71 salaries)

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₹3 L/yr - ₹10 L/yr

arrow icon 64% less
1 job opening
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PNB MetLife Branch Manager Salary

8 - 20 years exp. (47 salaries)

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₹6.6 L/yr - ₹13.2 L/yr

arrow icon 37% less
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₹3.8 L/yr - ₹12.5 L/yr

arrow icon 53% less
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₹8 L/yr - ₹18.5 L/yr

arrow icon 2% less
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Branch Manager salary at Life Insurance Corporation of India ranges between ₹12.3 Lakhs to ₹28 Lakhs per year for employees with experience between 3 years to 31 years. Salary estimates are based on 19 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Branch Manager

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30 years exp.
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23 years exp.
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15 years exp.
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Experience wise Life Insurance Corporation of India Branch Manager salaries

Last Updated: 5 Nov 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹4.9 L/yr - ₹13 L/yr
4 years (AmbitionBox Estimate)

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₹11.3 L/yr - ₹14.4 L/yr
5 years (AmbitionBox Estimate)

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₹8 L/yr - ₹23 L/yr
6 years (AmbitionBox Estimate)

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₹11.7 L/yr - ₹15 L/yr
7 years (AmbitionBox Estimate)

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₹11.9 L/yr - ₹15.2 L/yr
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Similar Designation salaries in Life Insurance Corporation of India

Area Manager Salary
(4 salaries)
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₹7.5 L/yr - ₹10 L/yr
Sales Manager Salary
(19 salaries)
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₹2 L/yr - ₹6.5 L/yr
Branch Incharge Salary
(AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.3 L/yr
Branch Head Salary
(7 salaries)
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₹8 L/yr - ₹23.86 L/yr
Deputy Manager Salary
(5 salaries)
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₹2.35 L/yr - ₹9.28 L/yr
Chief Manager Salary
(5 salaries)
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₹8 L/yr - ₹25 L/yr
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₹3 L/yr - ₹6 L/yr
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₹6 L/yr - ₹15 L/yr
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₹2 L/yr - ₹4.5 L/yr
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₹2 L/yr - ₹4 L/yr

Top skills at Life Insurance Corporation of India for Branch Manager

Life Insurance Insurance Branch Management Insurance Sales Heading Branch Agency Sales Ach Health Insurance Life Insurance Insurance Tied Channel Team Handling Business Development Territory Management Health Insurance

Salary related reviews for Life Insurance Corporation of India

5.0

Rated by 12 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 19 Jul 2024

5.0
 for  Salary and Benefits

Likes

Good bonus Good incentives Respect given by whole team of LIC Good guidance and counselling and training sessions at LIC office

read more

Dislikes

There is a heavy workload of getting policies and sales which is very tough to get popicies on dailg basis to achieve target.

read more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 21 Sep 2023

3.0
 for  Salary and Benefits

Likes

Job Performing Flexibility.

Dislikes

...e Teams. 2. Other benefits, which are not upto the standards or satisfaction. 3. No Festival bonuses/ annual bonuses. 4. No Family bonus 5. No clarity about Pension

read more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 20 Feb 2023

3.0
 for  Salary and Benefits

Likes

Good company in terms of the pay and benefits, but at a heavy price.

Dislikes

All the rules and restrictions/punishment are imposed only on class 2 officers of the organisation. Targets are imposed only on development officers.

read more

Full Time

 · 

Construction & Site Engineering Department

5.0
  •  posted on 24 Apr 2022

5.0
 for  Salary and Benefits

Likes

...us, we need to complete basic target - can be achieved easily to retain licence. We as agents, upon reaching membership target's, we receive bonus, advances & other benefits.

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Dislikes

In this competitive industry, we need to implement new combination policies like pvt companies, which gives multiple benefit options to choose for customer & we need to upgrade in digital marketing/Easy ways to receive customer feedback, requests, their suggestions etc. We need to cut off those lengthy process in different sections.

read more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 31 Oct 2022

4.0
 for  Salary and Benefits

Likes

Daispora of LICI. Salary and Perks. Free to work.

Dislikes

No job security at ADO/PDO post. Work life balance (what is it ?). Forget about help from colleague. If you are from sound and wealthy background just dive in.

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Life Insurance Corporation of India Branch Manager Salary FAQs

What is the salary of Branch Manager at Life Insurance Corporation of India?
Branch Manager salary at Life Insurance Corporation of India in India ranges between ₹12.3 Lakhs to ₹28.0 Lakhs for experience between 3 years to 31 years. According to our estimates it is 71% more than the average Branch Manager Salary in India. Salary estimates are based on 19 latest salaries received from various employees of Life Insurance Corporation of India India.
How does the salary of a Branch Manager at Life Insurance Corporation of India India compare with the average salary range for this job?
The average salary of a Branch Manager at Life Insurance Corporation of India is 71% more than the average salary of a Branch Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Branch Manager at Life Insurance Corporation of India?
Life Insurance, Insurance, Branch Management, Insurance Sales and Heading Branch are some of the popular skills required to work as a Branch Manager at Life Insurance Corporation of India India.
What is the salary of a Branch Manager in companies similar to Life Insurance Corporation of India in India?
  • United India Insurance Company Branch Manager Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
  • The New India Assurance Co. Branch Manager Salary - ₹8.0 Lakhs to ₹18.5 Lakhs per year
  • The Oriental Insurance Co. Branch Manager Salary - ₹11.2 Lakhs to ₹12.9 Lakhs per year
  • ICICI Prudential Life Insurance Branch Manager Salary - ₹6.3 Lakhs to ₹18.0 Lakhs per year
  • Tata AIA Life Insurance Branch Manager Salary - ₹5.0 Lakhs to ₹16.2 Lakhs per year
What is the estimated take home salary of a Branch Manager at Life Insurance Corporation of India in India?
The estimated take-home salary of a Branch Manager at Life Insurance Corporation of India ranges between ₹1,06,890 per month to ₹1,09,834 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Branch Manager salary in India which ranges between ₹12.3 Lakhs to ₹28.0 Lakhs per year for employees with experience between 3 years to 31 years. Check how did we calculate take home salary?
What is the notice period for Branch Manager at Life Insurance Corporation of India?
According to AmbitionBox, 50% of the Life Insurance Corporation of India Branch Managers reported a notice period of 3 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 16 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Life Insurance Corporation of India Branch Manager salary in India ranges between ₹12.3 Lakhs to ₹28 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 19 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.