National Insurance Company Branch Manager Salaries by 6 Employees (Updated 2024)

8 - 9 years exp.

₹11 Lakhs - ₹15.1 Lakhs

Low Confidence

Salary of majority employees

31% 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 Lombard General Insurance Company Branch Manager Salary 5 - 17 years exp. (195 salaries)	₹5.5 L/yr - ₹13 L/yr 23% less	1 job opening
HDFC Ergo General Insurance Branch Manager Salary 8 - 18 years exp. (213 salaries)	₹4.7 L/yr - ₹14 L/yr 24% less	2 job openings
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Bajaj Allianz General Insurance Branch Manager Salary 5 - 13 years exp. (16 salaries)	₹4.3 L/yr - ₹12.5 L/yr 38% less
Reliance General Insurance Branch Manager Salary 9 - 19 years exp. (60 salaries)	₹5.2 L/yr - ₹16 L/yr 9% less
Tata AIG Branch Manager Salary 7 - 16 years exp. (68 salaries)	₹4.8 L/yr - ₹12 L/yr 25% less
SBI General Insurance Branch Manager Salary 6 - 16 years exp. (16 salaries)	₹5.8 L/yr - ₹10.5 L/yr 32% less
United India Insurance Company Branch Manager Salary 4 - 10 years exp. (7 salaries)	₹9 L/yr - ₹20 L/yr 20% more
The Oriental Insurance Co. Branch Manager Salary 9 - 30 years exp. (4 salaries)	₹11.2 L/yr - ₹12.9 L/yr 9% more
The New India Assurance Co. Branch Manager Salary 5 - 10 years exp. (12 salaries)	₹8 L/yr - ₹18.5 L/yr 29% more
ICICI Prudential Life Insurance Branch Manager Salary 7 - 18 years exp. (242 salaries)	₹6.3 L/yr - ₹18 L/yr 4% more
HDFC Life Branch Manager Salary 8 - 17 years exp. (247 salaries)	₹5.5 L/yr - ₹12.5 L/yr 21% less
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Kotak Mahindara Life Insurance Branch Manager Salary 3 - 17 years exp. (208 salaries)	₹4.5 L/yr - ₹13 L/yr 26% less
Reliance Nippon Life Insurance Branch Manager Salary 8 - 18 years exp. (190 salaries)	₹3.8 L/yr - ₹10.7 L/yr 36% less	2 job openings
SBI Life Insurance Company Branch Manager Salary 7 - 21 years exp. (166 salaries)	₹6.5 L/yr - ₹15 L/yr 15% less
Tata AIA Life Insurance Branch Manager Salary 9 - 19 years exp. (89 salaries)	₹5 L/yr - ₹16 L/yr 1% less	28 job openings
Care Health Insurance Branch Manager Salary 3 - 17 years exp. (159 salaries)	₹4 L/yr - ₹8.1 L/yr 52% less
Star Health & Allied Insurance Branch Manager Salary 6 - 17 years exp. (239 salaries)	₹3.6 L/yr - ₹12 L/yr 37% less	3 job openings
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 20 years exp. (136 salaries)	₹4.5 L/yr - ₹12.9 L/yr 29% less
Max Life Insurance Branch Manager Salary 6 - 17 years exp. (141 salaries)	₹6.4 L/yr - ₹14 L/yr 14% less	4 job openings
Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 14 years exp. (127 salaries)	₹4.5 L/yr - ₹12 L/yr 24% less

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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.

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.

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.

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

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.

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).

Dislikes

Nothing...

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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National Insurance Company Branch Manager Salary FAQs

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

Branch Manager salary at National Insurance Company in India ranges between ₹11.0 Lakhs to ₹15.1 Lakhs for experience between 8 years to 9 years. According to our estimates it is 31% more than the average Branch Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of National Insurance Company India.

How does the salary of a Branch Manager at National Insurance Company India compare with the average salary range for this job?

The average salary of a Branch Manager at National Insurance Company is 31% more than the average salary of a Branch Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than National Insurance Company to a Branch Manager in India?

The New India Assurance Co. Branch Manager Salary - ₹8.0 Lakhs to ₹18.5 Lakhs per year
United India Insurance Company Branch Manager Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
The Oriental Insurance Co. Branch Manager Salary - ₹11.2 Lakhs to ₹12.9 Lakhs per year
ICICI Prudential Life Insurance Branch Manager Salary - ₹6.3 Lakhs to ₹18.0 Lakhs per year

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

Tata AIA Life Insurance Branch Manager Salary - ₹5.0 Lakhs to ₹16.0 Lakhs per year
Reliance General Insurance Branch Manager Salary - ₹5.2 Lakhs to ₹16.0 Lakhs per year
Canara HSBC Life Insurance Branch Manager Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year
Max Life Insurance Branch Manager Salary - ₹6.4 Lakhs to ₹14.0 Lakhs per year
SBI Life Insurance Company Branch Manager Salary - ₹6.5 Lakhs to ₹15.0 Lakhs per year

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 ranges between ₹83,788 per month to ₹85,977 per month in India. The take-home salary calculation is based on the average National Insurance Company Branch Manager salary in India which ranges between ₹11.0 Lakhs to ₹15.1 Lakhs per year for employees with experience between 8 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager at National Insurance Company?

According to AmbitionBox, 40% of the National Insurance Company Branch Managers reported a notice period of More than 3 months, 20% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

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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.

National Insurance Company Branch Manager salaries in India

Companies similar to National Insurance Company for Branch Manager

Latest annual salaries shared by National Insurance Company Branch Manager

Experience wise National Insurance Company Branch Manager salaries

Similar Designation salaries in National Insurance Company

Salary related reviews for National Insurance Company

Assistant in GHATSILA

Insurance Service Representative in Kerala

Manager

Site Manager in Al Jubail

Administration Officer in Retired Now

National Insurance Company Branch Manager Salary FAQs

Tell us how to improve this page.

National Insurance Company Branch Manager Salaries by Location