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

15% 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)	₹6.2 L/yr - ₹10.5 L/yr
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BFSI, Investments & Trading Branch Manager Salary 10 - 12 years exp. (3 salaries)	₹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 Prudential Life Insurance Branch Manager Salary 3 - 18 years exp. (371 salaries)	₹6.3 L/yr - ₹18.8 L/yr 55% more
HDFC Life Branch Manager Salary 6 - 18 years exp. (260 salaries)	₹5.3 L/yr - ₹12.5 L/yr 18% more
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Star Health & Allied Insurance Branch Manager Salary 5 - 18 years exp. (249 salaries)	₹4 L/yr - ₹11 L/yr 5% less
Cholamandalam MS General Insurance Branch Manager Salary 3 - 10 years exp. (207 salaries)	₹2.9 L/yr - ₹8.8 L/yr 32% less
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 18 years exp. (202 salaries)	₹5 L/yr - ₹13 L/yr 12% more
Reliance Nippon Life Insurance Branch Manager Salary 7 - 20 years exp. (202 salaries)	₹3.8 L/yr - ₹11.5 L/yr 3% less
SBI Life Insurance Company Branch Manager Salary 7 - 24 years exp. (171 salaries)	₹6.5 L/yr - ₹16 L/yr 41% more
Tata AIA Life Insurance Branch Manager Salary 8 - 20 years exp. (169 salaries)	₹5 L/yr - ₹17.7 L/yr 55% more	13 job openings
Aditya Birla Health Insurance Co Branch Manager Salary 5 - 16 years exp. (158 salaries)	₹5 L/yr - ₹12 L/yr 13% more
Axis Max Life Insurance Branch Manager Salary 8 - 19 years exp. (140 salaries)	₹7 L/yr - ₹14 L/yr 35% more	4 job openings
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 18 years exp. (128 salaries)	₹4.5 L/yr - ₹12.9 L/yr 5% more	5 job openings
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Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 12 years exp. (107 salaries)	₹4.5 L/yr - ₹11.3 L/yr 10% more
Shriram Life Insurance Branch Manager Salary 5 - 16 years exp. (92 salaries)	₹2.2 L/yr - ₹9.5 L/yr 27% less	2 job openings
PNB MetLife Branch Manager Salary 8 - 20 years exp. (49 salaries)	₹6.6 L/yr - ₹13.2 L/yr 24% more
ManipalCigna Health Insurance Branch Manager Salary 7 - 17 years exp. (47 salaries)	₹4.8 L/yr - ₹10.5 L/yr 2% more	1 job opening
Star Union Dai-ichi Life Insurance Branch Manager Salary 7 - 18 years exp. (42 salaries)	₹5.5 L/yr - ₹11.5 L/yr 14% more	1 job opening
Aviva Life Insurance India Branch Manager Salary 7 - 22 years exp. (39 salaries)	₹7 L/yr - ₹15 L/yr 27% more
Royal Sundaram General Insurance Branch Manager Salary 6 - 17 years exp. (24 salaries)	₹4.5 L/yr - ₹11 L/yr 1% more
Magma HDI General Insurance Branch Manager Salary 8 - 19 years exp. (11 salaries)	₹5 L/yr - ₹9.3 L/yr 4% less
United India Insurance Company Branch Manager Salary 4 - 10 years exp. (7 salaries)	₹9 L/yr - ₹20 L/yr 99% more

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)	₹6.5 L/yr - ₹14.2 L/yr
8 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹14.2 L/yr
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9 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹14.2 L/yr
10 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9 L/yr
12 years (3 salaries)	₹3.1 L/yr - ₹10.5 L/yr

View all

Similar Designation salaries in SBI General Insurance

Area Manager Salary

(6 salaries)

₹8.98 L/yr - ₹15.2 L/yr

Credit Manager Salary

(AmbitionBox Estimate)

₹11.9 L/yr - ₹15.2 L/yr

Sales Manager Salary

(19 salaries)

₹2 L/yr - ₹6.22 L/yr

Branch Incharge Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Branch Head Salary

(4 salaries)

₹10.25 L/yr - ₹22.5 L/yr

Deputy Manager Salary

(158 salaries)

₹3.7 L/yr - ₹9.68 L/yr

Chief Manager Salary

(60 salaries)

₹11.45 L/yr - ₹21 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Senior Branch Manager Salary

(AmbitionBox Estimate)

₹6.1 L/yr - ₹7.8 L/yr

Deputy Branch Manager Salary

(AmbitionBox Estimate)

₹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

see more salary related reviews

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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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SBI General Insurance Branch Manager Salary FAQs

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

The average salary of a Branch Manager at SBI General Insurance in India typically ranges from ₹6.5 Lakhs to ₹10.5 Lakhs per year, depending on experience (from 7 years to 12 years).

The top 10% of Branch Manager at SBI General Insurance earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹10.5 Lakhs per year. Branch Manager Salaries at SBI General 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 7 SBI General Insurance employees in India.

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 in India typically ranges from ₹58,054 to ₹59,516 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from 7 years to 12 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 7 salaries received from various employees of SBI General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI General Insurance for Branch Manager in India?

United India Insurance Company	₹9.0 Lakhs to ₹20.0 Lakhs per year
ICICI Prudential Life Insurance	₹6.3 Lakhs to ₹18.8 Lakhs per year
Tata AIA Life Insurance	₹5.0 Lakhs to ₹17.7 Lakhs per year
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

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

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

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

Aviva Life Insurance India	₹7.0 Lakhs to ₹15.0 Lakhs per year
PNB MetLife	₹6.6 Lakhs to ₹13.2 Lakhs per year
HDFC Life	₹5.3 Lakhs to ₹12.5 Lakhs per year
Star Union Dai-ichi Life Insurance	₹5.5 Lakhs to ₹11.5 Lakhs per year
Aditya Birla Health Insurance Co	₹5.0 Lakhs to ₹12.0 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 SBI General Insurance in India?

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

Experience	Average Salary Range
7 years	₹6.5 Lakhs to ₹14.2 Lakhs per year
8 years	₹6.5 Lakhs to ₹14.2 Lakhs per year
9 years	₹6.5 Lakhs to ₹14.2 Lakhs per year
10 years	₹3.1 Lakhs to ₹10.0 Lakhs per year

and so on.

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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.