ManipalCigna Health Insurance Mumbai Branch Manager Salaries by 3 Employees

10 - 11 years exp.

₹5.4 Lakhs - ₹8.8 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

31% less than the average Branch Manager Salary in Insurance Companies for 10 - 11 years of experience

Interested in this particular role? 1 job opening

Last Updated: 12 Mar 2023

Companies similar to ManipalCigna Health Insurance for Branch Manager in Mumbai

ManipalCigna Health Insurance Branch Manager Salary

10 - 11 years exp. (3 salaries)

₹5.4 L/yr - ₹8.8 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Branch Manager Salary 9 - 18 years exp. (12 salaries)	₹7.3 L/yr - ₹12.5 L/yr 40% more	1 job opening
Cholamandalam MS General Insurance Branch Manager Salary 4 - 10 years exp. (7 salaries)	₹3.5 L/yr - ₹7 L/yr 20% less
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Future Generali India Life Insurance Branch Manager Salary 7 - 18 years exp. (7 salaries)	₹8 L/yr - ₹12.2 L/yr 34% more	2 job openings
Bharti AXA Life Insurance Branch Manager Salary 12 - 15 years exp. (5 salaries)	₹7.6 L/yr - ₹9.9 L/yr 12% more
Aditya Birla Health Insurance Co Branch Manager Salary 11 - 15 years exp. (4 salaries)	₹6.5 L/yr - ₹9.7 L/yr 31% more
Universal Sompo General Insurance Branch Manager Salary 10 - 15 years exp. (4 salaries)	₹11.8 L/yr - ₹14.2 L/yr 84% more
Edelweiss Life Insurance Branch Manager Salary 9 - 10 years exp. (3 salaries)	₹6.6 L/yr - ₹7 L/yr 5% less
Shriram General Insurance Branch Manager Salary 8 - 15 years exp. (3 salaries)	₹6 L/yr - ₹8.5 L/yr 3% more

Branch Manager salary at ManipalCigna Health Insurance ranges between ₹5.4 Lakhs to ₹8.8 Lakhs per year for employees with experience between 10 years to 11 years. Salary estimates are based on 3 latest salaries received from various employees of ManipalCigna Health Insurance.

Experience wise ManipalCigna Health Insurance Branch Manager salaries in Mumbai

Last Updated: 12 Mar 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.1 L/yr
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11 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr

Similar Designation salaries in ManipalCigna Health Insurance

Deputy Manager Salary

(68 salaries)

₹5.5 L/yr - ₹14.5 L/yr

Cluster Manager Salary

(3 salaries)

₹7.21 L/yr - ₹8 L/yr

Top skills at ManipalCigna Health Insurance for Branch Manager

Management Networking HR Competitive Intelligence Operations Training Penetration Sales Customer Service Budgeting Bfsi Sales Sales Distribution Private Banking Retail Banking

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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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ManipalCigna Health Insurance Branch Manager Salary FAQs

How the salary growth look like for a Branch Manager at ManipalCigna Health Insurance in Mumbai?

The salary growth for a Branch Manager at ManipalCigna Health Insurance 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 ManipalCigna Health Insurance:

Experience	Average Salary Range
10 years	₹6.4 Lakhs to ₹8.1 Lakhs per year
11 years	₹6.5 Lakhs to ₹8.3 Lakhs per year

and so on.

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ManipalCigna Health Insurance Branch Manager Salaries in Mumbai

ManipalCigna Health Insurance Branch Manager salary in Mumbai ranges between ₹5.4 Lakhs to ₹8.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 ManipalCigna Health Insurance latest salaries received from various employees of ManipalCigna Health Insurance.