SBI General Insurance Branch Manager Salaries by 7 Employees

7 - 12 years exp.

₹6.5 Lakhs - ₹10.5 Lakhs

Low Confidence

Salary of majority employees

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14% less than the average Branch Manager Salary in Insurance Companies for 7 - 12 years of experience

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Salaries in different departments

Sales & Business Development Branch Manager Salary 7 - 12 years exp. (4 salaries)	Unlock ₹6.2 L/yr - ₹10.5 L/yr
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BFSI, Investments & Trading Branch Manager Salary 10 - 12 years exp. (3 salaries)	Unlock ₹9.6 L/yr - ₹10.5 L/yr

Last Updated: 30 Oct 2023

Companies similar to SBI General Insurance for Branch Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Branch Manager Salary 5 - 17 years exp. (214 salaries)	Unlock ₹4.5 L/yr - ₹13 L/yr 14% more	3 job openings
HDFC Ergo General Insurance Branch Manager Salary 9 - 18 years exp. (194 salaries)	Unlock ₹4.7 L/yr - ₹14.5 L/yr 16% more
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Bajaj Allianz General Insurance Branch Manager Salary 5 - 13 years exp. (14 salaries)	Unlock ₹4.3 L/yr - ₹12.5 L/yr 4% less	6 job openings
Reliance General Insurance Branch Manager Salary 8 - 19 years exp. (63 salaries)	Unlock ₹5.2 L/yr - ₹16 L/yr 27% more
Tata AIG Branch Manager Salary 7 - 16 years exp. (67 salaries)	Unlock ₹5.9 L/yr - ₹12 L/yr 11% more	1 job opening
United India Insurance Company Branch Manager Salary 4 - 10 years exp. (7 salaries)	Unlock ₹9 L/yr - ₹20 L/yr 99% more
National Insurance Company Branch Manager Salary 8 - 9 years exp. (6 salaries)	Unlock ₹11 L/yr - ₹15.1 L/yr 50% more
The New India Assurance Co. Branch Manager Salary 5 - 10 years exp. (10 salaries)	Unlock ₹10 L/yr - ₹18.5 L/yr 101% more
The Oriental Insurance Co. Branch Manager Salary 9 - 30 years exp. (4 salaries)	Unlock ₹11.2 L/yr - ₹12.9 L/yr 64% more
Future Generali India Life Insurance Branch Manager Salary 7 - 19 years exp. (114 salaries)	Unlock ₹5 L/yr - ₹16.3 L/yr 25% more	1 job opening
ICICI Prudential Life Insurance Branch Manager Salary 3 - 18 years exp. (315 salaries)	Unlock ₹6.3 L/yr - ₹18.8 L/yr 54% more
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HDFC Life Branch Manager Salary 6 - 18 years exp. (262 salaries)	Unlock ₹5.3 L/yr - ₹12.5 L/yr 19% more
Star Health & Allied Insurance Branch Manager Salary 5 - 17 years exp. (236 salaries)	Unlock ₹4 L/yr - ₹11 L/yr 4% less	1 job opening
Reliance Nippon Life Insurance Branch Manager Salary 7 - 20 years exp. (207 salaries)	Unlock ₹3.8 L/yr - ₹11.5 L/yr 4% less
Cholamandalam MS General Insurance Branch Manager Salary 3 - 10 years exp. (205 salaries)	Unlock ₹2.9 L/yr - ₹8.8 L/yr 33% less
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 18 years exp. (201 salaries)	Unlock ₹4.5 L/yr - ₹13.5 L/yr 15% more	1 job opening
SBI Life Insurance Company Branch Manager Salary 7 - 24 years exp. (169 salaries)	Unlock ₹6.5 L/yr - ₹15.7 L/yr 37% more
Aditya Birla Health Insurance Co Branch Manager Salary 5 - 16 years exp. (160 salaries)	Unlock ₹6.5 L/yr - ₹12 L/yr 14% more
Tata AIA Life Insurance Branch Manager Salary 9 - 19 years exp. (156 salaries)	Unlock ₹5 L/yr - ₹17.7 L/yr 54% more	18 job openings
Axis Max Life Insurance Branch Manager Salary 8 - 19 years exp. (139 salaries)	Unlock ₹7 L/yr - ₹14 L/yr 35% more	2 job openings

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Branch Manager salary at SBI General Insurance ranges between ₹6.5 Lakhs to ₹10.5 Lakhs per year for employees with experience between 7 years to 12 years. Salary estimates are based on 7 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Branch Manager salaries

Last Updated: 30 Oct 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	Unlock ₹6.5 L/yr - ₹14.2 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹6.5 L/yr - ₹14.2 L/yr
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9 years (AmbitionBox Estimate)	Unlock ₹6.5 L/yr - ₹14.2 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹3.1 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹7.1 L/yr - ₹9 L/yr
12 years (3 salaries)	Unlock ₹3.1 L/yr - ₹10.5 L/yr

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Similar Designation salaries in SBI General Insurance

Area Manager Salary

(6 salaries)

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₹8.98 L/yr - ₹15.2 L/yr

Credit Manager Salary

(AmbitionBox Estimate)

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₹11.9 L/yr - ₹15.2 L/yr

Sales Manager Salary

(13 salaries)

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₹3.28 L/yr - ₹6.22 L/yr

Branch Incharge Salary

(AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr

Branch Head Salary

(4 salaries)

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₹10.25 L/yr - ₹22.5 L/yr

Deputy Manager Salary

(180 salaries)

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₹4 L/yr - ₹9.1 L/yr

Chief Manager Salary

(59 salaries)

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₹11 L/yr - ₹27 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr

Senior Branch Manager Salary

(AmbitionBox Estimate)

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₹6.1 L/yr - ₹7.8 L/yr

Deputy Branch Manager Salary

(AmbitionBox Estimate)

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₹7.4 L/yr - ₹9.4 L/yr

Salary related reviews for SBI General Insurance

4.3

Rated by 9 employees for salary & benefits

Chief Manager in Bangalore / Bengaluru

Full Time

Sales & Business Development Department

1.0

• posted on 07 Jun 2024

1.0

for Salary and Benefits

Likes

You will get your salary on time. Apart from this nothing is good about this company.

Dislikes

Nothing is good about this company. Company doesnt give work from home, but those people who are close to the higher management get plenty of work from home. If you are hard working, no one cares, if you are smart worker, no one cares. But if you know someone very important in the organisation then you are important. Favouritism and fawning are the only 2 qualities which will take you to heights. There is no transparency in the team, boss will discuss important matter with only those people who are close to him. Different department people will be made your boss who will himself not know the work. If you complain to the HR then HR will complain about you to your boss and your boss will make your life miserable. If your boss doesnt like you, he will not give you work and will purposely put u in pip. Competent people have left the organization and those who are here since the past 10 years are so lethargic and useless that you with be able to work with them. The HR does nothing to remove this toxicity and HR is also lethargic. A simple offer letter HR will release after 20 days. If you ask to change ur phone number in company portal HR will take minimum 6 months. My suggestion is, even if you are unemployed please dont join SBI General.

Salary - Bad

+6 more

Business Development Manager in Gorakhpur

Full Time

Business Development Department

2.0

• posted on 17 Sep 2022

2.0

for Salary and Benefits

Likes

Like you can say... Working with branch managers , can see yourself always professional . People will treat you like banker.

Job security - Good

Dislikes

No growth and promotion No good salary Not ethical practices followed. Your boss treat you like slave... Officially as per HR policy every Saturday is off... But you have to work on each Saturday as per your boss. Nothing to learn .

Salary - Poor

+4 more

Business Development Manager in Gorakhpur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 29 Apr 2023

3.0

for Salary and Benefits

Likes

Salary on time. Banca channel target goes on auto mode if you have good relationship with managers.

Job security - Good

+1 more

Dislikes

Overloaded targets, terrible managers. Considering Insurance sectors, plenty of works in your working time.Unwanted VCs by senior that can disturb your work flow each day. Salary is very less compared to other companies.

Skill development - Bad

+2 more

Sales Manager in Gwalior

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 05 Jul 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Business Development Manager in Vijayawada

Full Time

Insurance Department

5.0

• posted on 07 Jun 2021

4.0

for Salary and Benefits

Likes

...agement is transparent.there is a huge cafeteria and gaming arcade for chilling. Company policies are good , appraisals are fair and they give good salary hike , incentives and bonus every year

Salary - Good

+6 more

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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SBI General Insurance Branch Manager Salary FAQs

What is the salary of Branch Manager at SBI General Insurance?

Branch Manager salary at SBI General Insurance in India ranges between ₹6.5 Lakhs to ₹10.5 Lakhs for experience between 7 years to 12 years. According to our estimates it is 14% less than the average Branch Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of SBI General Insurance India.

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

The average salary of a Branch Manager at SBI General Insurance is 14% less 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 SBI General Insurance to a Branch Manager in India?

The New India Assurance Co. Branch Manager Salary - ₹10.0 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 ₹18.8 Lakhs per year
Tata AIA Life Insurance Branch Manager Salary - ₹5.0 Lakhs to ₹17.7 Lakhs per year

What is the salary of a Branch Manager in companies similar to SBI General Insurance in India?

National Insurance Company Branch Manager Salary - ₹11.0 Lakhs to ₹15.1 Lakhs per year
SBI Life Insurance Company Branch Manager Salary - ₹6.5 Lakhs to ₹15.7 Lakhs per year
Axis Max Life Insurance Branch Manager Salary - ₹7.0 Lakhs to ₹14.0 Lakhs per year
Aviva Life Insurance India Branch Manager Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year
Reliance General Insurance Branch Manager Salary - ₹5.2 Lakhs to ₹16.0 Lakhs per year

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

The estimated take-home salary of a Branch Manager at SBI General Insurance ranges between ₹58,054 per month to ₹59,516 per month in India. The take-home salary calculation is based on the average SBI General Insurance Branch Manager salary in India which ranges between ₹6.5 Lakhs to ₹10.5 Lakhs per year for employees with experience between 7 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager at SBI General Insurance?

According to AmbitionBox, 62% of the SBI General Insurance Branch Managers reported a notice period of 3 Months, 23% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 13 responses on AmbitionBox in last 2 years.

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SBI General Insurance Branch Manager Salaries

SBI General Insurance Branch Manager salary in India ranges between ₹6.5 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 SBI General Insurance latest salaries received from various employees of SBI General Insurance.