Life Insurance Corporation of India Mumbai Branch Manager Salaries by 2 Employees

15 - 16 years exp.

₹15.2 Lakhs - ₹19.4 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Last Updated: 24 Jul 2024

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

Life Insurance Corporation of India Branch Manager Salary

15 - 16 years exp. (AmbitionBox Estimate)

₹15.2 L/yr - ₹19.4 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Branch Manager Salary 3 - 18 years exp. (46 salaries)	₹9.8 L/yr - ₹17.5 L/yr 22% less
HDFC Life Branch Manager Salary 6 - 16 years exp. (31 salaries)	₹5.5 L/yr - ₹12.5 L/yr 46% less
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Kotak Mahindara Life Insurance Branch Manager Salary 3 - 17 years exp. (18 salaries)	₹6 L/yr - ₹11 L/yr 46% less
Tata AIA Life Insurance Branch Manager Salary 7 - 19 years exp. (17 salaries)	₹8 L/yr - ₹17.3 L/yr 25% less	13 job openings
Axis Max Life Insurance Branch Manager Salary 9 - 18 years exp. (12 salaries)	₹7.3 L/yr - ₹12.5 L/yr 39% less	1 job opening
Star Health & Allied Insurance Branch Manager Salary 8 - 18 years exp. (12 salaries)	₹6.5 L/yr - ₹10.2 L/yr 48% less
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 15 years exp. (11 salaries)	₹5.1 L/yr - ₹11 L/yr 52% less	17 job openings
HDFC Ergo General Insurance Branch Manager Salary 9 - 16 years exp. (9 salaries)	₹6 L/yr - ₹10.5 L/yr 45% less
ICICI Lombard General Insurance Company Branch Manager Salary 6 - 14 years exp. (8 salaries)	₹6 L/yr - ₹12 L/yr 47% less	4 job openings
SBI Life Insurance Company Branch Manager Salary 7 - 20 years exp. (8 salaries)	₹8 L/yr - ₹12.3 L/yr 33% less
Cholamandalam MS General Insurance Branch Manager Salary 4 - 10 years exp. (7 salaries)	₹3.5 L/yr - ₹7 L/yr 65% less
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Aditya Birla Health Insurance Co Branch Manager Salary 11 - 15 years exp. (4 salaries)	₹6.5 L/yr - ₹9.7 L/yr 43% less
Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 10 years exp. (3 salaries)	₹8.5 L/yr - ₹11 L/yr 42% less
Bajaj Allianz General Insurance Branch Manager Salary 7 - 12 years exp. (3 salaries)	₹5.5 L/yr - ₹7.3 L/yr 61% less	2 job openings

Branch Manager salary at Life Insurance Corporation of India ranges between ₹15.2 Lakhs to ₹19.4 Lakhs per year for employees with experience between 15 years to 16 years. Salary estimates are based on 2 latest salaries received from various employees of Life Insurance Corporation of India.

Similar Designation salaries in Life Insurance Corporation of India

LIC Advisor Salary

(11 salaries)

₹1 L/yr - ₹5 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

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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

How the salary growth look like for a Branch Manager at Life Insurance Corporation of India in Mumbai?

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

Experience	Average Salary Range
15 years	₹15.2 Lakhs to ₹19.4 Lakhs per year

and so on.

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Life Insurance Corporation of India Branch Manager Salaries in Mumbai

Life Insurance Corporation of India Branch Manager salary in Mumbai ranges between ₹15.2 Lakhs to ₹19.4 Lakhs. This is an estimate based on latest salaries received from employees of Life Insurance Corporation of India.