Life Insurance Corporation of India Senior Branch Manager Salaries by 3 Employees

16 - 34 years exp.

₹6 Lakhs - ₹15 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

17% more than the average Senior Branch Manager Salary in Insurance Companies for 16 - 34 years of experience

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Last Updated: 6 Mar 2024

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

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Senior Branch Manager Salary 9 - 21 years exp. (153 salaries)	₹6 L/yr - ₹15.3 L/yr 16% less	1 job opening
Reliance Nippon Life Insurance Senior Branch Manager Salary 7 - 17 years exp. (86 salaries)	₹6.5 L/yr - ₹12.3 L/yr 19% less
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HDFC Life Senior Branch Manager Salary 10 - 20 years exp. (88 salaries)	₹7.8 L/yr - ₹15 L/yr 8% less
SBI Life Insurance Company Senior Branch Manager Salary 10 - 22 years exp. (66 salaries)	₹9 L/yr - ₹18.5 L/yr 5% more
ICICI Prudential Life Insurance Senior Branch Manager Salary 10 - 18 years exp. (29 salaries)	₹10 L/yr - ₹16 L/yr 7% more
ICICI Lombard General Insurance Company Senior Branch Manager Salary 8 - 19 years exp. (24 salaries)	₹8.5 L/yr - ₹14.1 L/yr 13% less
Tata AIA Life Insurance Senior Branch Manager Salary 8 - 22 years exp. (21 salaries)	₹10 L/yr - ₹17 L/yr 11% more
Aditya Birla Health Insurance Co Senior Branch Manager Salary 6 - 19 years exp. (20 salaries)	₹9 L/yr - ₹12.3 L/yr 11% less
Cholamandalam MS General Insurance Senior Branch Manager Salary 7 - 18 years exp. (15 salaries)	₹5.8 L/yr - ₹8.5 L/yr 46% less
Star Health & Allied Insurance Senior Branch Manager Salary 13 - 25 years exp. (15 salaries)	₹7.2 L/yr - ₹13.2 L/yr 20% less
Axis Max Life Insurance Senior Branch Manager Salary 10 - 22 years exp. (14 salaries)	₹9 L/yr - ₹17.2 L/yr 4% less
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Kotak Mahindara Life Insurance Senior Branch Manager Salary 12 - 19 years exp. (9 salaries)	₹9.1 L/yr - ₹14.3 L/yr 8% less
HDFC Ergo General Insurance Senior Branch Manager Salary 9 - 20 years exp. (8 salaries)	₹7 L/yr - ₹15 L/yr 13% less
Shriram Life Insurance Senior Branch Manager Salary 5 - 16 years exp. (7 salaries)	₹3.2 L/yr - ₹10.6 L/yr 52% less
United India Insurance Company Senior Branch Manager Salary 10 - 31 years exp. (7 salaries)	₹12 L/yr - ₹30 L/yr 71% more
National Insurance Company Senior Branch Manager Salary 10 - 12 years exp. (7 salaries)	₹15.3 L/yr - ₹24 L/yr 56% more
Aditya Birla Sun Life Insurance Senior Branch Manager Salary 5 - 20 years exp. (5 salaries)	₹8 L/yr - ₹15 L/yr 6% less
Bajaj Allianz General Insurance Senior Branch Manager Salary 8 - 18 years exp. (4 salaries)	₹5.5 L/yr - ₹10 L/yr 36% less

Senior Branch Manager salary at Life Insurance Corporation of India ranges between ₹6 Lakhs to ₹15 Lakhs per year for employees with experience between 16 years to 34 years. Salary estimates are based on 3 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Senior Branch Manager salaries

Last Updated: 6 Mar 2024

Experience	Avg Annual Salary
15+ years (3 salaries)	₹6 L/yr - ₹15 L/yr
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Similar Designation salaries in Life Insurance Corporation of India

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Salary related reviews for Life Insurance Corporation of India

5.0

Rated by 7 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

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Development Officer in Hyderabad / Secunderabad

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Sales & Business Development Department

5.0

• posted on 21 Sep 2023

3.0

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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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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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Life Insurance Corporation of India Senior Branch Manager Salary FAQs

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

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

Experience	Average Salary Range
15 years	₹6.0 Lakhs to ₹15.0 Lakhs per year

and so on.

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Life Insurance Corporation of India Senior Branch Manager Salaries

Life Insurance Corporation of India Senior Branch Manager salary in India ranges between ₹6 Lakhs to ₹15 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.

Life Insurance Corporation of India Senior Branch Manager salaries in India

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

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

Experience wise Life Insurance Corporation of India Senior Branch Manager salaries

Similar Designation salaries in Life Insurance Corporation of India

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 Senior Branch Manager Salary FAQs

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