Life Insurance Corporation of India Kolkata Branch Manager Salaries by 4 Employees

18 - 31 years exp.

₹13 Lakhs - ₹26 Lakhs

Avg. annual salary

Monthly In-hand Salary

71% more than the average Branch Manager Salary in Insurance Companies for 18 - 31 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 23 years exp. (AmbitionBox Estimate)	₹12 L/yr - ₹15.8 L/yr
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Sales & Business Development Branch Manager Salary 30 years exp. (AmbitionBox Estimate)	₹15.6 L/yr - ₹24 L/yr

Last Updated: 5 Nov 2024

Companies similar to Life Insurance Corporation of India for Branch Manager in Kolkata

Life Insurance Corporation of India Branch Manager Salary

18 - 31 years exp. (4 salaries)

₹13 L/yr - ₹26 L/yr

Company name	Avg Annual Salary	Open Jobs
Reliance Nippon Life Insurance Branch Manager Salary 8 - 19 years exp. (33 salaries)	₹4.5 L/yr - ₹9.7 L/yr 60% less
HDFC Life Branch Manager Salary 6 - 18 years exp. (22 salaries)	₹6.3 L/yr - ₹11.5 L/yr 50% less
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Tata AIA Life Insurance Branch Manager Salary 6 - 19 years exp. (18 salaries)	₹6.5 L/yr - ₹16 L/yr 34% less	13 job openings
Kotak Mahindara Life Insurance Branch Manager Salary 7 - 18 years exp. (18 salaries)	₹5 L/yr - ₹13 L/yr 46% less
Star Health & Allied Insurance Branch Manager Salary 7 - 18 years exp. (18 salaries)	₹5 L/yr - ₹10 L/yr 59% less
Cholamandalam MS General Insurance Branch Manager Salary 3 - 14 years exp. (17 salaries)	₹3.5 L/yr - ₹7.4 L/yr 68% less
Aditya Birla Health Insurance Co Branch Manager Salary 8 - 15 years exp. (11 salaries)	₹7.2 L/yr - ₹10 L/yr 51% less
ICICI Prudential Life Insurance Branch Manager Salary 4 - 17 years exp. (10 salaries)	₹6.5 L/yr - ₹13.4 L/yr 36% less
ICICI Lombard General Insurance Company Branch Manager Salary 8 - 17 years exp. (8 salaries)	₹7 L/yr - ₹10 L/yr 53% less	4 job openings
HDFC Ergo General Insurance Branch Manager Salary 9 - 18 years exp. (8 salaries)	₹7 L/yr - ₹12 L/yr 49% less
SBI Life Insurance Company Branch Manager Salary 11 - 20 years exp. (7 salaries)	₹6.5 L/yr - ₹9.9 L/yr 48% less
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Aditya Birla Sun Life Insurance Branch Manager Salary 6 - 12 years exp. (6 salaries)	₹7.3 L/yr - ₹11 L/yr 52% less
Axis Max Life Insurance Branch Manager Salary 10 - 13 years exp. (4 salaries)	₹8.3 L/yr - ₹11 L/yr 44% less	1 job opening
Shriram Life Insurance Branch Manager Salary 6 - 14 years exp. (4 salaries)	₹4.5 L/yr - ₹9 L/yr 67% less	2 job openings
Bajaj Allianz Life Insurance Branch Manager Salary 10 - 16 years exp. (4 salaries)	₹5.5 L/yr - ₹9.9 L/yr 55% less	17 job openings

Branch Manager salary at Life Insurance Corporation of India ranges between ₹13 Lakhs to ₹26 Lakhs per year for employees with experience between 18 years to 31 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Branch Manager salaries in Kolkata

Last Updated: 5 Nov 2024

Experience	Avg Annual Salary
15+ years (4 salaries)	₹13 L/yr - ₹26 L/yr
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Similar Designation salaries in Life Insurance Corporation of India

LIC Advisor Salary

(6 salaries)

₹2 L/yr - ₹4.59 L/yr

Financial Service Executive Salary

(6 salaries)

₹2.15 L/yr - ₹2.55 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 1 employees for salary & benefits

Advisor in Kulgam

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

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.

Skill development - Poor

+2 more

Development Officer in Hyderabad / Secunderabad

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

Promotions - Poor

Development Officer in Mumbai

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.

Skill development - Poor

+5 more

Insurance Adviser in Suryapet

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.

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.

Development Officer in Birbhum

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.

Job security - Bad

+4 more

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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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 in Kolkata?

The average salary of a Branch Manager at Life Insurance Corporation of India in Kolkata typically ranges from ₹13.0 Lakhs to ₹26.0 Lakhs per year, depending on experience (from 18 years to 31 years).

The top 10% of Branch Manager in Kolkata at Life Insurance Corporation of India earn more than ₹26.0 Lakhs per year, and the top 1% earn over ₹26.0 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 4 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 Kolkata?

The estimated take-home salary of a Branch Manager at Life Insurance Corporation of India in Kolkata typically ranges from ₹1,22,850 to ₹1,26,487 per month. This is based on the average salary range of ₹13.0 Lakhs to ₹26.0 Lakhs per year for employees with experience ranging from 18 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 4 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 in Kolkata?

To be a Branch Manager at Life Insurance Corporation of India in Kolkata, 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 Kolkata?

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

Tata AIA Life Insurance	₹6.5 Lakhs to ₹16.0 Lakhs per year
ICICI Prudential Life Insurance	₹6.5 Lakhs to ₹13.4 Lakhs per year
Axis Max Life Insurance	₹8.3 Lakhs to ₹11.0 Lakhs per year
Kotak Mahindara Life Insurance	₹5.0 Lakhs to ₹13.0 Lakhs per year
SBI Life Insurance Company	₹6.5 Lakhs to ₹9.9 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 Kolkata?

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

Experience	Average Salary Range
15 years	₹13.0 Lakhs to ₹26.0 Lakhs per year

and so on.

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Life Insurance Corporation of India Branch Manager Salaries in Kolkata

Life Insurance Corporation of India Branch Manager salary in Kolkata ranges between ₹13 Lakhs to ₹26 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

Life Insurance Corporation of India Branch Manager salaries in Kolkata

Companies similar to Life Insurance Corporation of India for Branch Manager in Kolkata

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

Experience wise Life Insurance Corporation of India Branch Manager salaries in Kolkata

Similar Designation salaries in Life Insurance Corporation of India

Top skills at Life Insurance Corporation of India for Branch Manager

Salary related reviews for Life Insurance Corporation of India

Advisor in Kulgam

Development Officer in Hyderabad / Secunderabad

Development Officer in Mumbai

Insurance Adviser in Suryapet

Development Officer in Birbhum

Life Insurance Corporation of India Branch Manager Salary FAQs

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