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

Annual salary range
3 - 16 years exp.
₹3 Lakhs - ₹9.9 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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9% less than the average Branch Sales Manager Salary in Insurance Companies for 3 - 16 years of experience

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Last Updated: 3 Feb 2025

Companies similar to Life Insurance Corporation of India for Branch Sales Manager

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

6 - 12 years exp. (40 salaries)

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₹5 L/yr - ₹10.5 L/yr

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₹4.8 L/yr - ₹11.8 L/yr

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₹5 L/yr - ₹13 L/yr

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2 job openings
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Max Life Insurance Branch Sales Manager Salary

10 - 16 years exp. (4 salaries)

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₹6 L/yr - ₹9 L/yr

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₹2.6 L/yr - ₹6.2 L/yr

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₹3 L/yr - ₹7 L/yr

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1 job opening
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₹2.3 L/yr - ₹7 L/yr

arrow icon 36% less
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₹4 L/yr - ₹8.2 L/yr

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PNB MetLife Branch Sales Manager Salary

5 - 15 years exp. (4 salaries)

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₹6.3 L/yr - ₹8 L/yr

arrow icon 11% more
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₹2.4 L/yr - ₹8.5 L/yr

arrow icon 26% less
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₹5.6 L/yr - ₹12 L/yr

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₹3.7 L/yr - ₹11 L/yr

arrow icon 12% more
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₹1.9 L/yr - ₹7 L/yr

arrow icon 40% less
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₹2.5 L/yr - ₹2.8 L/yr

arrow icon 58% less
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₹4 L/yr - ₹6 L/yr

arrow icon 22% less
Branch Sales Manager salary at Life Insurance Corporation of India ranges between ₹3 Lakhs to ₹9.9 Lakhs per year for employees with experience between 3 years to 16 years. Salary estimates are based on 6 latest salaries received from various employees of Life Insurance Corporation of India.

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

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16 years exp.
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5 years exp.
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10 years exp.

Experience wise Life Insurance Corporation of India Branch Sales Manager salaries

Last Updated: 3 Feb 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹4.5 L/yr
4 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.5 L/yr
6 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr
7 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹5.8 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

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₹2 L/yr - ₹4 L/yr
Senior Sales Manager Salary
(AmbitionBox Estimate)
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₹5.7 L/yr - ₹7.2 L/yr
Branch Manager Salary
(14 salaries)
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₹15.31 L/yr - ₹28 L/yr
Sales Manager Salary
(19 salaries)
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₹2 L/yr - ₹6.5 L/yr
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₹3.3 L/yr - ₹13 L/yr
Area Manager Salary
(4 salaries)
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₹7.5 L/yr - ₹10 L/yr
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₹1 L/yr - ₹5.75 L/yr
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₹6 L/yr - ₹15 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹18 L/yr - ₹23 L/yr
Branch Head Salary
(7 salaries)
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₹8 L/yr - ₹23.86 L/yr
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Salary related reviews for Life Insurance Corporation of India

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.

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  • 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
see more salary related reviews

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Life Insurance Corporation of India Branch Sales Manager Salary FAQs

What is the salary of Branch Sales Manager at Life Insurance Corporation of India?
Branch Sales Manager salary at Life Insurance Corporation of India in India ranges between ₹3.0 Lakhs to ₹9.9 Lakhs for experience between 3 years to 16 years. According to our estimates it is 9% less than the average Branch Sales Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Life Insurance Corporation of India India.
How does the salary of a Branch Sales Manager at Life Insurance Corporation of India India compare with the average salary range for this job?
The average salary of a Branch Sales Manager at Life Insurance Corporation of India is 9% less than the average salary of a Branch Sales Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than Life Insurance Corporation of India to a Branch Sales Manager in India?
  • SBI Life Insurance Company Branch Sales Manager Salary - ₹5.0 Lakhs to ₹13.0 Lakhs per year
  • Max Life Insurance Branch Sales Manager Salary - ₹6.0 Lakhs to ₹9.0 Lakhs per year
  • ICICI Lombard General Insurance Company Branch Sales Manager Salary - ₹5.6 Lakhs to ₹12.0 Lakhs per year
  • HDFC Life Branch Sales Manager Salary - ₹5.0 Lakhs to ₹10.5 Lakhs per year
  • ICICI Prudential Life Insurance Branch Sales Manager Salary - ₹4.8 Lakhs to ₹11.8 Lakhs per year
What is the salary of a Branch Sales Manager in companies similar to Life Insurance Corporation of India in India?
  • HDFC Ergo General Insurance Branch Sales Manager Salary - ₹3.7 Lakhs to ₹11.0 Lakhs per year
  • PNB MetLife Branch Sales Manager Salary - ₹6.3 Lakhs to ₹8.0 Lakhs per year
  • Tata AIA Life Insurance Branch Sales Manager Salary - ₹4.0 Lakhs to ₹8.2 Lakhs per year
  • Bajaj Allianz General Insurance Branch Sales Manager Salary - ₹4.0 Lakhs to ₹6.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Branch Sales Manager Salary - ₹2.4 Lakhs to ₹8.5 Lakhs per year
What is the estimated take home salary of a Branch Sales Manager at Life Insurance Corporation of India in India?
The estimated take-home salary of a Branch Sales Manager at Life Insurance Corporation of India ranges between ₹47,348 per month to ₹48,469 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Branch Sales Manager salary in India which ranges between ₹3.0 Lakhs to ₹9.9 Lakhs per year for employees with experience between 3 years to 16 years. Check how did we calculate take home salary?
What is the notice period for Branch Sales Manager at Life Insurance Corporation of India?
According to AmbitionBox, 50% of the Life Insurance Corporation of India Branch Sales Managers reported a notice period of 1 Month, 17% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Branch Sales Manager salary in India ranges between ₹3 Lakhs to ₹9.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

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