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Life Insurance Corporation of India Branch Manager salaries in India (Updated 2025)

Annual salary range
15 - 31 years exp.
₹9.7 Lakhs - ₹31 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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88% more than the average Branch Manager Salary in Insurance Companies for 15 - 31 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Manager Salary
15 - 30 years exp. (5 salaries)
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₹5.4 L/yr - ₹14.8 L/yr

Marketing & Communication
Branch Manager Salary
19 - 31 years exp. (3 salaries)
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₹10 L/yr - ₹20 L/yr

Sales & Business Development
Branch Manager Salary
30 years exp. (AmbitionBox Estimate)
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₹14.5 L/yr - ₹24 L/yr

Last Updated: 14 Mar 2025

Companies similar to Life Insurance Corporation of India for Branch Manager

Company name Avg Annual Salary Open Jobs
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₹6.5 L/yr - ₹18.8 L/yr

arrow icon 30% less
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HDFC Life Branch Manager Salary

6 - 18 years exp. (259 salaries)

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₹5.3 L/yr - ₹12.5 L/yr

arrow icon 46% less
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₹4 L/yr - ₹11.7 L/yr

arrow icon 54% less
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₹5 L/yr - ₹13 L/yr

arrow icon 48% less
4 job openings
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₹2.9 L/yr - ₹8.8 L/yr

arrow icon 67% less
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₹5 L/yr - ₹13.5 L/yr

arrow icon 47% less
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₹4.7 L/yr - ₹14.5 L/yr

arrow icon 48% less
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₹3.8 L/yr - ₹10 L/yr

arrow icon 57% less
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SBI Life Insurance Company Branch Manager Salary

7 - 24 years exp. (171 salaries)

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₹6.5 L/yr - ₹15.7 L/yr

arrow icon 38% less
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Tata AIA Life Insurance Branch Manager Salary

6 - 20 years exp. (191 salaries)

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₹5 L/yr - ₹17.7 L/yr

arrow icon 30% less
13 job openings
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₹5 L/yr - ₹12 L/yr

arrow icon 49% less
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Axis Max Life Insurance Branch Manager Salary

8 - 19 years exp. (139 salaries)

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₹7 L/yr - ₹14 L/yr

arrow icon 41% less
1 job opening
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₹4.5 L/yr - ₹12.9 L/yr

arrow icon 52% less
17 job openings
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₹4.5 L/yr - ₹11.5 L/yr

arrow icon 48% less
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Shriram Life Insurance Branch Manager Salary

6 - 16 years exp. (83 salaries)

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₹2.2 L/yr - ₹9.5 L/yr

arrow icon 65% less
2 job openings
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₹4.3 L/yr - ₹12.1 L/yr

arrow icon 56% less
1 job opening
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₹10 L/yr - ₹18.5 L/yr

arrow icon 9% less
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₹9 L/yr - ₹20 L/yr

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₹11 L/yr - ₹15.1 L/yr

arrow icon 32% less
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₹11.2 L/yr - ₹12.9 L/yr

arrow icon 26% less
Branch Manager salary at Life Insurance Corporation of India ranges between ₹9.7 Lakhs to ₹31 Lakhs per year for employees with experience between 15 years to 31 years. Salary estimates are based on 15 latest salaries received from various employees of Life Insurance Corporation of India.

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

2d ago
₹15.1 Lakhs
31 years exp.
1mo ago
₹32 Lakhs
30 years exp.
4mo ago
₹24 Lakhs
30 years exp.
6mo ago
₹20 Lakhs
31 years exp.
7mo ago
₹26 Lakhs
23 years exp.
7mo ago
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15 years exp.
11mo ago
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31 years exp.
1y ago
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16 years exp.
1y ago
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29 years exp.
1y ago
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30 years exp.

Experience wise Life Insurance Corporation of India Branch Manager salaries

Last Updated: 14 Mar 2025

Experience Avg Annual Salary
15+ years  (15 salaries)

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₹9.7 L/yr - ₹31 L/yr

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
(12 salaries)
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₹3.6 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 - ₹9.9 L/yr
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₹6 L/yr - ₹15 L/yr
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₹2 L/yr - ₹2.5 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

4.9

Rated by 11 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
  • Salary - Excellent
  • +3 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
  • Skill development - Poor
  • +2 more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 21 Sep 2023

3.0
 for  Salary and Benefits

Likes

Job Performing Flexibility.

  • Job security - Excellent
  • +3 more

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
  • Promotions - Poor

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
  • Skill development - Poor
  • +5 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.

read more
  • Salary - Excellent
  • +6 more

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.

  • Salary - Good
  • +1 more

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.

read more
  • Job security - Bad
  • +4 more
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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 ?
The average salary of a Branch Manager at Life Insurance Corporation of India in India typically ranges from ₹9.7 Lakhs to ₹31.0 Lakhs per year, depending on experience (from 15 years to 31 years).

The top 10% of Branch Manager at Life Insurance Corporation of India earn more than ₹28.0 Lakhs per year, and the top 1% earn over ₹32.0 Lakhs per year. Branch Manager Salaries at Life Insurance Corporation of India 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 10+ Life Insurance Corporation of India employees in India.
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 in India typically ranges from ₹1,17,123 to ₹1,20,397 per month. This is based on the average salary range of ₹9.7 Lakhs to ₹31.0 Lakhs per year for employees with experience ranging from 15 years to 31 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 10+ salaries received from various employees of Life Insurance Corporation of India. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Branch Manager at Life Insurance Corporation of India ?
To be a Branch Manager at Life Insurance Corporation of India in india, the key skills required include:

  • - Life Insurance
  • - Insurance
  • - Branch Management
  • - Insurance Sales
  • - Heading Branch

These skills are highly valued at Life Insurance Corporation of India and are crucial for successful performance in a Software Engineering role.
What is the salary of a Branch Manager in companies similar to Life Insurance Corporation of India in India?
The salary of a Branch Manager at companies similar to Life Insurance Corporation of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

The New India Assurance Co. ₹10.0 Lakhs to ₹18.5 Lakhs per year
United India Insurance Company ₹9.0 Lakhs to ₹20.0 Lakhs per year
The Oriental Insurance Co. ₹11.2 Lakhs to ₹12.9 Lakhs per year
Tata AIA Life Insurance ₹5.0 Lakhs to ₹17.7 Lakhs per year
ICICI Prudential Life Insurance ₹6.5 Lakhs to ₹18.8 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 Life Insurance Corporation of India in India?
The salary growth for a Branch Manager at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Branch Manager can expect the following growth trajectory at Life Insurance Corporation of India:

Experience Average Salary Range
15 years ₹9.7 Lakhs to ₹31.0 Lakhs per year
and so on.

Tell us how to improve this page.

Life Insurance Corporation of India Branch Manager salary in India ranges between ₹9.7 Lakhs to ₹31 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 15 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.