National Insurance Company Branch Manager Salaries by 6 Employees

8 - 9 years exp.

₹11 Lakhs - ₹15.1 Lakhs

Low Confidence

Salary of majority employees

Fixed (93%)

₹10.9 Lakhs

Variable (7%)

₹0.9 Lakh

28% more than the average Branch Manager Salary in Insurance Companies for 8 - 9 years of experience

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Salaries in different departments

Marketing & Communication Branch Manager Salary 8 - 9 years exp. (3 salaries)	₹11 L/yr - ₹15 L/yr
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BFSI, Investments & Trading Branch Manager Salary 8 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹11 L/yr

Last Updated: 13 Feb 2024

Companies similar to National Insurance Company for Branch Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Branch Manager Salary 3 - 18 years exp. (369 salaries)	₹6.5 L/yr - ₹18.8 L/yr 4% more
HDFC Life Branch Manager Salary 6 - 18 years exp. (260 salaries)	₹5.3 L/yr - ₹12.5 L/yr 21% less
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Star Health & Allied Insurance Branch Manager Salary 5 - 18 years exp. (249 salaries)	₹4 L/yr - ₹11 L/yr 37% less
ICICI Lombard General Insurance Company Branch Manager Salary 5 - 17 years exp. (209 salaries)	₹4.5 L/yr - ₹13 L/yr 24% less	3 job openings
Cholamandalam MS General Insurance Branch Manager Salary 3 - 10 years exp. (202 salaries)	₹2.9 L/yr - ₹8.8 L/yr 54% less
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 18 years exp. (202 salaries)	₹5 L/yr - ₹13 L/yr 25% less
Reliance Nippon Life Insurance Branch Manager Salary 7 - 20 years exp. (202 salaries)	₹3.8 L/yr - ₹11.5 L/yr 36% less
SBI Life Insurance Company Branch Manager Salary 7 - 24 years exp. (171 salaries)	₹6.5 L/yr - ₹16 L/yr 6% less
Tata AIA Life Insurance Branch Manager Salary 8 - 20 years exp. (169 salaries)	₹5 L/yr - ₹17.7 L/yr 2% more	13 job openings
Aditya Birla Health Insurance Co Branch Manager Salary 5 - 16 years exp. (158 salaries)	₹5 L/yr - ₹12 L/yr 25% less
Axis Max Life Insurance Branch Manager Salary 8 - 19 years exp. (140 salaries)	₹7 L/yr - ₹14 L/yr 10% less	3 job openings
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Bajaj Allianz Life Insurance Branch Manager Salary 7 - 18 years exp. (127 salaries)	₹4.5 L/yr - ₹12.1 L/yr 27% less	5 job openings
Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 12 years exp. (107 salaries)	₹4.5 L/yr - ₹11.3 L/yr 27% less
Reliance General Insurance Branch Manager Salary 8 - 19 years exp. (63 salaries)	₹5.2 L/yr - ₹16 L/yr 15% less
Tata AIG Branch Manager Salary 7 - 14 years exp. (51 salaries)	₹5.9 L/yr - ₹11 L/yr 26% less
PNB MetLife Branch Manager Salary 8 - 20 years exp. (49 salaries)	₹6.6 L/yr - ₹13.2 L/yr 17% less
Iffco Tokio General Insurance Co. Branch Manager Salary 2 - 15 years exp. (33 salaries)	₹3.4 L/yr - ₹12 L/yr 41% less
The New India Assurance Co. Branch Manager Salary 5 - 10 years exp. (10 salaries)	₹10 L/yr - ₹18.5 L/yr 34% more
MDIndia Health Insurance TPA Branch Manager Salary 6 - 12 years exp. (9 salaries)	₹4.6 L/yr - ₹7.6 L/yr 53% less	1 job opening
SBI General Insurance Branch Manager Salary 7 - 12 years exp. (7 salaries)	₹6.5 L/yr - ₹10.5 L/yr 33% less

View all

Branch Manager salary at National Insurance Company ranges between ₹11 Lakhs to ₹15.1 Lakhs per year for employees with experience between 8 years to 9 years. Salary estimates are based on 6 latest salaries received from various employees of National Insurance Company.

Experience wise National Insurance Company Branch Manager salaries

Last Updated: 13 Feb 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹11 L/yr - ₹21.9 L/yr
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9 years (4 salaries)	₹11 L/yr - ₹15.1 L/yr

Similar Designation salaries in National Insurance Company

Branch Head Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Deputy Manager Salary

(11 salaries)

₹17 L/yr - ₹25 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Senior Branch Manager Salary

(7 salaries)

₹15.3 L/yr - ₹24 L/yr

Operations Manager Salary

(AmbitionBox Estimate)

₹5.7 L/yr - ₹7.2 L/yr

Relationship Manager Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Sales Officer Salary

(3 salaries)

₹1.6 L/yr - ₹3 L/yr

Accountant Salary

(4 salaries)

₹2.4 L/yr - ₹9 L/yr

Sales Executive Salary

(3 salaries)

₹1 L/yr - ₹2.04 L/yr

Salary related reviews for National Insurance Company

5.0

Rated by 2 employees for salary & benefits

Assistant in GHATSILA

BFSI, Investments & Trading Department

3.0

• posted on 28 May 2022

3.0

for Salary and Benefits

Likes

Being a PSU company job is some what secure till the time it does not get shut down by the government. Poor management, Company Policies are confusing, work culture is pathetic as it happens in the Government companies. Being a service provider company, service comes last in the priority list.

Promotions - Good

Dislikes

bureaucracy, dirty politics, stringent work - life balance, salary is ok-ok, work environment demoralizing, good opportunities for carrier growth, for job security the phrase is said as that the PSU Companies are born to die, so it depends on the policies of the government. poor training management. sync/competitiveness/proficiency/efficiency is missing in teammates which desires a lot. innovation is ok-ok.

Skill development - Bad

+3 more

Insurance Service Representative in Kerala

Administration & Facilities Department

5.0

• posted on 21 Jun 2022

5.0

for Salary and Benefits

Likes

Excellent work environment and excellent culture.Teammates are very supportive and management is very transparent.Company policies are provided to flexible customers.office staffs are very co-operative.

Salary - Excellent

+6 more

Dislikes

Salary is decent but career growth is very slow.There is a lot of politics,and the management doesn't address our issues.on the job training is not given to freshers..

Manager

Production, Manufacturing & Engineering Department

4.0

• posted on 02 Mar 2018

5.0

for Salary and Benefits

Likes

... During that period I got 4 promotions and 3 transfers. I enjoyed various work. There is lots of scope for training, experience growth, salary + benifits. Transfers gave me chance to meet different people and different place. Work environment, innovation and career, depends on individual attitudes

Salary - Excellent

+6 more

Dislikes

Newly introduced online core Insurance(EASI) is not employees/customers friendly. Centralised system & so many stepping of authority.

Site Manager in Al Jubail

POWER DIVISION Department

4.0

• posted on 08 Aug 2017

4.0

for Salary and Benefits

Likes

I LIKE WORK IN POWER PROJECTS LIKE HIGH VOLTAGE GIS SUBSTATIONS.AL ARRAB IS A SAUDI BASED COMPANY WORKING FOR THE CONSTRUCTION OF GIS SUB-STATION AND MEP PROJECTS.

Salary - Good

+4 more

Dislikes

I DON'T LIKE IF THERE IS NO INCREMENT IN SALARY AFTER WORKING LONG TIME IN COMPANY.SHOULD MUST BE INCREMENT PER YEAR AS PER PERFORMANCE.

Administration Officer in Retired Now

Other Department

4.0

• posted on 16 Feb 2021

4.0

for Salary and Benefits

Likes

A prestigious company. Work culture good for both clients & staff, good salary and job satisfaction, good growth in friendly atmosphere, five days a week. Good for job seekers (if Govt. keeps it alive).

Salary - Good

+6 more

Dislikes

Nothing...

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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National Insurance Company Branch Manager Salary FAQs

What is the salary of Branch Manager at National Insurance Company ?

The average salary of a Branch Manager at National Insurance Company in India typically ranges from ₹11.0 Lakhs to ₹15.1 Lakhs per year, depending on experience (from 8 years to 9 years).

The top 10% of Branch Manager at National Insurance Company earn more than ₹15.1 Lakhs per year, and the top 1% earn over ₹15.1 Lakhs per year. Branch Manager Salaries at National Insurance Company 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 6 National Insurance Company employees in India.

What is the estimated take home salary of a Branch Manager at National Insurance Company in India?

The estimated take-home salary of a Branch Manager at National Insurance Company in India typically ranges from ₹83,788 to ₹85,977 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹15.1 Lakhs per year for employees with experience ranging from 8 years to 9 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 6 salaries received from various employees of National Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than National Insurance Company for Branch Manager in India?

The New India Assurance Co.	₹10.0 Lakhs to ₹18.5 Lakhs per year
United India Insurance Company	₹9.0 Lakhs to ₹20.0 Lakhs per year
The Oriental Insurance Co.	₹11.2 Lakhs to ₹12.9 Lakhs per year
ICICI Prudential Life Insurance	₹6.5 Lakhs to ₹18.8 Lakhs per year
Tata AIA Life Insurance	₹5.0 Lakhs to ₹17.7 Lakhs per year

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

What is the salary of a Branch Manager in companies similar to National Insurance Company in India?

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

SBI Life Insurance Company	₹6.5 Lakhs to ₹16.0 Lakhs per year
Axis Max Life Insurance	₹7.0 Lakhs to ₹14.0 Lakhs per year
Canara HSBC Life Insurance	₹7.0 Lakhs to ₹12.5 Lakhs per year
Reliance General Insurance	₹5.2 Lakhs to ₹16.0 Lakhs per year
PNB MetLife	₹6.6 Lakhs to ₹13.2 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 National Insurance Company in India?

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

Experience	Average Salary Range
8 years	₹11.0 Lakhs to ₹21.9 Lakhs per year
9 years	₹11.0 Lakhs to ₹15.1 Lakhs per year

and so on.

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National Insurance Company Branch Manager Salaries

National Insurance Company Branch Manager salary in India ranges between ₹11 Lakhs to ₹15.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 National Insurance Company latest salaries received from various employees of National Insurance Company.