ManipalCigna Health Insurance Pune Branch Manager Salaries by 4 Employees

8 - 15 years exp.

₹4.8 Lakhs - ₹8.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

32% less than the average Branch Manager Salary in Insurance Companies for 8 - 15 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 8 - 10 years exp. (3 salaries)	₹4.8 L/yr - ₹7 L/yr
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Sales & Business Development Branch Manager Salary 15 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.5 L/yr

Last Updated: 19 Sep 2023

Companies similar to ManipalCigna Health Insurance for Branch Manager in Pune

ManipalCigna Health Insurance Branch Manager Salary

8 - 15 years exp. (4 salaries)

₹4.8 L/yr - ₹8.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Branch Manager Salary 9 - 16 years exp. (9 salaries)	₹8.5 L/yr - ₹11 L/yr 47% more	1 job opening
Cholamandalam MS General Insurance Branch Manager Salary 4 - 9 years exp. (9 salaries)	₹4.8 L/yr - ₹7.2 L/yr 20% less
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Edelweiss Life Insurance Branch Manager Salary 9 - 14 years exp. (5 salaries)	₹5.7 L/yr - ₹7.8 L/yr 1% more
Shriram General Insurance Branch Manager Salary 6 - 12 years exp. (4 salaries)	₹6.5 L/yr - ₹8 L/yr 9% more
Future Generali India Life Insurance Branch Manager Salary 15 - 19 years exp. (3 salaries)	₹9.4 L/yr - ₹15 L/yr 62% more	2 job openings

Branch Manager salary at ManipalCigna Health Insurance ranges between ₹4.8 Lakhs to ₹8.5 Lakhs per year for employees with experience between 8 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of ManipalCigna Health Insurance.

Experience wise ManipalCigna Health Insurance Branch Manager salaries in Pune

Last Updated: 19 Sep 2023

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
9 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
Login to view exact salary
10 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
11 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
12 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹8 L/yr
13 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr
14 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
15+ years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.5 L/yr

View all

Similar Designation salaries in ManipalCigna Health Insurance

Cluster Manager Salary

(3 salaries)

₹6.5 L/yr - ₹8.1 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

Salary related reviews for ManipalCigna Health Insurance

Relationship Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 25 Jul 2024

1.0

for Salary and Benefits

Likes

Managers behaviour is good, specialy my manager was very gentleman

Dislikes

Low salary,there is no goalsheet for promotion,every month you get different target and you never know your next months target, office premises is very short,training room too short,there is no pantry room,leave policy is horrible, Saturday timing is 9.30 to 1.30,but every Saturday you have be in office till 4-5 pm

Salary - Bad

+4 more

Relationship Manager in Bhopal

Sales & Marketing Department

5.0

• posted on 31 Jan 2021

4.0

for Salary and Benefits

Likes

Good environment and support of team members and nice transparency from management side company's policy are good every year bonus from company side

Salary - Good

+6 more

Dislikes

Salary is not decent and also effective for my career growth the management doesn't address some important issues

Agency Manager in Tirupati

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 08 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing

Job security - Excellent

+1 more

Dislikes

Full of politics No proper growth No proper pay No clarity on plans Branch manager will be not having any product knowledge just asked us to close the leads with fake information to customers Targeting HR will listen you if u r above branch manager she won't give reply if u less than branch manager No proper channel for complaints

Salary - Bad

+4 more

Assistant Manager in Mumbai

Full Time

Human Resources Department

4.0

• posted on 09 Dec 2023

2.0

for Salary and Benefits

Likes

The culture is somehow very friendly

Skill development - Good

+3 more

Dislikes

...here the top management is protected even if some of them are outright are evil. Poor compensation structure. No benefits/perks at all. Very small workspace. People do not have space to sit. And even then work from home is not an option

Salary - Poor

Senior Key Agency Manager in Ludhiana

Full Time

Agency Sales Department

5.0

• posted on 25 Nov 2022

3.0

for Salary and Benefits

Likes

Best Health ins Products in this Health Insurance Sector, the Tag Line of "Ek Baar Lo Accha Lo" and "Expert ki Suno sahi Chuno" is fit for My Company Profiles. Its products for Best for Future Benefits.

Job security - Good

+4 more

Dislikes

Company Target were going higher side so unable to Achive. and salary and insentive is very low about to cost cutting. Training part is very poor. HR Hireing is just Filling the Blanks.

see more salary related reviews

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Salary Discussions, Hike & Promotions

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

What is the salary of Branch Manager at ManipalCigna Health Insurance in Pune?

The average salary of a Branch Manager at ManipalCigna Health Insurance in Pune typically ranges from ₹4.8 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 8 years to 15 years).

The top 10% of Branch Manager in Pune at ManipalCigna Health Insurance earn more than ₹8.5 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Branch Manager Salaries at ManipalCigna Health Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 ManipalCigna Health Insurance employees in India.

What is the estimated take home salary of a Branch Manager at ManipalCigna Health Insurance in Pune?

The estimated take-home salary of a Branch Manager at ManipalCigna Health Insurance in Pune typically ranges from ₹51,980 to ₹54,316 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 8 years to 15 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of ManipalCigna Health Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Branch Manager at ManipalCigna Health Insurance in Pune?

To be a Branch Manager at ManipalCigna Health Insurance in Pune, the key skills required include:

- Management
- Networking
- HR
- Competitive Intelligence
- Operations

These skills are highly valued at ManipalCigna Health Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than ManipalCigna Health Insurance for Branch Manager in India?

Future Generali India Life Insurance	₹9.4 Lakhs to ₹15.0 Lakhs per year
Axis Max Life Insurance	₹8.5 Lakhs to ₹11.0 Lakhs per year
Shriram General Insurance	₹6.5 Lakhs to ₹8.0 Lakhs per year
Edelweiss Life Insurance	₹5.7 Lakhs to ₹7.8 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ManipalCigna Health Insurance, depending on the role and experience level.

What is the salary of a Branch Manager in companies similar to ManipalCigna Health Insurance in Pune?

The salary of a Branch Manager at companies similar to ManipalCigna Health Insurance in Pune varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Cholamandalam MS General Insurance

₹4.8 Lakhs to ₹7.2 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

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

The salary growth for a Branch Manager at ManipalCigna Health Insurance in Pune depends on factors such as experience, performance, and promotions. On average, a Branch Manager in Pune can expect the following growth trajectory at ManipalCigna Health Insurance:

Experience	Average Salary Range
8 years	₹5.8 Lakhs to ₹7.4 Lakhs per year
9 years	₹5.9 Lakhs to ₹7.5 Lakhs per year
10 years	₹6.0 Lakhs to ₹7.7 Lakhs per year
11 years	₹6.1 Lakhs to ₹7.8 Lakhs per year

and so on.

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ManipalCigna Health Insurance Branch Manager Salaries in Pune

ManipalCigna Health Insurance Branch Manager salary in Pune ranges between ₹4.8 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ManipalCigna Health Insurance latest salaries received from various employees of ManipalCigna Health Insurance.