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Annual salary range
12 - 16 years exp.
₹14.8
Lakhs - ₹24
Lakhs
Low Confidence 
Low confidence means that this average salary is based on data that was reported by very few people.
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detailed salary insights 
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary52% more than the average Branch Manager Salary in Insurance Companies for 12 - 16 years of experience
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Companies similar to Life Insurance Corporation of India for Branch Manager in Mumbai
Life Insurance Corporation of India
Branch Manager Salary
12 - 16 years exp. (3 salaries) |  ₹14.8 L/yr - ₹24 L/yr |
vs
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 HDFC Life Branch Manager Salary
8 - 16 years exp. (29 salaries) |  ₹5.5 L/yr - ₹12.5 L/yr 
44%
less | |
 ICICI Prudential Life Insurance Branch Manager Salary
7 - 17 years exp. (35 salaries) | ₹10 L/yr - ₹18 L/yr
24%
less | |
Login to view exact salary
| ||
 SBI Life Insurance Company Branch Manager Salary
7 - 20 years exp. (8 salaries) | ₹8 L/yr - ₹11.2 L/yr
36%
less | |
 Max Life Insurance Branch Manager Salary
9 - 16 years exp. (11 salaries) | ₹7.3 L/yr - ₹12 L/yr
39%
less | 4 job openings |
 Bajaj Allianz Life Insurance Branch Manager Salary
7 - 15 years exp. (15 salaries) | ₹5.1 L/yr - ₹12 L/yr
50%
less | |
 Kotak Mahindara Life Insurance Branch Manager Salary
3 - 18 years exp. (19 salaries) | ₹6 L/yr - ₹11 L/yr
44%
less | |
 Tata AIA Life Insurance Branch Manager Salary
10 - 19 years exp. (14 salaries) | ₹8.2 L/yr - ₹15.5 L/yr
29%
less | 28 job openings |
 Care Health Insurance Branch Manager Salary
3 - 17 years exp. (37 salaries) | ₹4.3 L/yr - ₹8 L/yr
65%
less | 1 job opening |
 Cholamandalam MS General Insurance Branch Manager Salary
4 - 15 years exp. (13 salaries) | ₹3.5 L/yr - ₹7.5 L/yr
62%
less | |
 HDFC Ergo General Insurance Branch Manager Salary
9 - 16 years exp. (12 salaries) | ₹6 L/yr - ₹13.7 L/yr
39%
less | 2 job openings |
 ICICI Lombard General Insurance Company Branch Manager Salary
6 - 14 years exp. (10 salaries) | ₹6 L/yr - ₹13 L/yr
44%
less | 1 job opening |
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| ||
 Star Health & Allied Insurance Branch Manager Salary
8 - 17 years exp. (10 salaries) | ₹6.5 L/yr - ₹10.2 L/yr
54%
less | 3 job openings |
 Aditya Birla Health Insurance Co Branch Manager Salary
11 - 15 years exp. (5 salaries) | ₹6.5 L/yr - ₹9.7 L/yr
46%
less | |
 Aditya Birla Sun Life Insurance Branch Manager Salary
5 - 8 years exp. (3 salaries) | ₹7 L/yr - ₹9.1 L/yr
48%
less | |
 Bajaj Allianz General Insurance Branch Manager Salary
7 - 12 years exp. (3 salaries) | ₹5.5 L/yr - ₹7.3 L/yr
63%
less | |
 PNB MetLife Branch Manager Salary
12 - 18 years exp. (3 salaries) | ₹10 L/yr - ₹12.5 L/yr
35%
less | |
Branch Manager salary at Life Insurance Corporation of India ranges between ₹14.8
Lakhs
to ₹24
Lakhs
per year for employees with experience between 12 years to 16 years. Salary
estimates are based on
3 latest salaries received
from various employees of Life Insurance Corporation of India.
Latest annual salaries shared by Life Insurance Corporation of India Branch Manager in Mumbai
4mo ago
15
years
exp.
1y ago
16
years
exp.
1y ago
12
years
exp.
Experience wise Life Insurance Corporation of India Branch Manager salaries in Mumbai
Last Updated: 24 Jul 2024
| Experience | Avg Annual Salary |
|---|---|
| 12 years (AmbitionBox Estimate) |
₹6.1
L/yr
- ₹27.4
L/yr
|
| 13 years (AmbitionBox Estimate) |
₹13.9
L/yr
- ₹17.7
L/yr
|
Login to view exact salary
| |
| 14 years (AmbitionBox Estimate) |
₹14
L/yr
- ₹17.9
L/yr
|
| 15+ years (AmbitionBox Estimate) |
₹9.7
L/yr
- ₹24
L/yr
|
Similar Designation salaries in Life Insurance Corporation of India
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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1w
a technical project manager
Deadend
Hi,
I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA.
I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation.
I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component.
I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this.
What should be my next move?
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Life Insurance Corporation of India Branch Manager Salary FAQs
What is the notice period for Branch Manager at Life Insurance Corporation of India in Mumbai?
According to AmbitionBox, 50% of the Life Insurance Corporation of India Branch Managers in Mumbai reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.
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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 ₹14.8
Lakhs to ₹24
Lakhs with an average annual salary of
₹. Salary estimates are based on
3
Life Insurance Corporation of India latest salaries received from various employees of
Life Insurance Corporation of India.