SBI General Insurance Branch Manager Salaries by 10+ Employees (Updated 2024)

6 - 16 years exp.

₹5.8 Lakhs - ₹10.5 Lakhs

Salary of majority employees

10% less than the average Branch Manager Salary in Insurance Companies for 6 - 16 years of experience

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Salaries in different departments

Sales & Business Development Branch Manager Salary 7 - 15 years exp. (8 salaries)	₹5.8 L/yr - ₹10.5 L/yr
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BFSI, Investments & Trading Branch Manager Salary 9 - 16 years exp. (7 salaries)	₹8.2 L/yr - ₹10.5 L/yr

Last Updated: 23 Apr 2024

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. (195 salaries)	₹5.5 L/yr - ₹13 L/yr 13% more	1 job opening
HDFC Ergo General Insurance Branch Manager Salary 8 - 18 years exp. (213 salaries)	₹4.7 L/yr - ₹14 L/yr 11% more	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 9% less
Reliance General Insurance Branch Manager Salary 9 - 19 years exp. (60 salaries)	₹5.2 L/yr - ₹16 L/yr 33% more
Tata AIG Branch Manager Salary 7 - 16 years exp. (68 salaries)	₹4.8 L/yr - ₹12 L/yr 10% more
United India Insurance Company Branch Manager Salary 4 - 10 years exp. (7 salaries)	₹9 L/yr - ₹20 L/yr 76% more
National Insurance Company Branch Manager Salary 8 - 9 years exp. (6 salaries)	₹11 L/yr - ₹15.1 L/yr 46% more
The New India Assurance Co. Branch Manager Salary 5 - 10 years exp. (12 salaries)	₹8 L/yr - ₹18.5 L/yr 89% more
The Oriental Insurance Co. Branch Manager Salary 9 - 30 years exp. (4 salaries)	₹11.2 L/yr - ₹12.9 L/yr 60% more
Future Generali India Life Insurance Branch Manager Salary 6 - 19 years exp. (123 salaries)	₹5 L/yr - ₹16 L/yr 15% more	1 job opening
HDFC Life Branch Manager Salary 8 - 17 years exp. (247 salaries)	₹5.5 L/yr - ₹12.5 L/yr 16% more
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ICICI Prudential Life Insurance Branch Manager Salary 7 - 18 years exp. (242 salaries)	₹6.3 L/yr - ₹18 L/yr 52% more
Cholamandalam MS General Insurance Branch Manager Salary 4 - 15 years exp. (242 salaries)	₹2.9 L/yr - ₹8 L/yr 31% less
Star Health & Allied Insurance Branch Manager Salary 6 - 17 years exp. (239 salaries)	₹3.6 L/yr - ₹12 L/yr 8% less	3 job openings
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 17 years exp. (208 salaries)	₹4.5 L/yr - ₹13 L/yr 9% more
Reliance Nippon Life Insurance Branch Manager Salary 8 - 18 years exp. (190 salaries)	₹3.8 L/yr - ₹10.7 L/yr 6% less	2 job openings
SBI Life Insurance Company Branch Manager Salary 7 - 21 years exp. (166 salaries)	₹6.5 L/yr - ₹15 L/yr 25% more
Care Health Insurance Branch Manager Salary 3 - 17 years exp. (159 salaries)	₹4 L/yr - ₹8.1 L/yr 29% less	1 job opening
Aditya Birla Health Insurance Co Branch Manager Salary 5 - 16 years exp. (153 salaries)	₹5.5 L/yr - ₹12.5 L/yr 11% more
Max Life Insurance Branch Manager Salary 6 - 17 years exp. (141 salaries)	₹6.4 L/yr - ₹14 L/yr 25% more	4 job openings

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Branch Manager salary at SBI General Insurance ranges between ₹5.8 Lakhs to ₹10.5 Lakhs per year for employees with experience between 6 years to 16 years. Salary estimates are based on 16 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Branch Manager salaries

Last Updated: 23 Apr 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹14.6 L/yr
7 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹14.6 L/yr
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8 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹10 L/yr
9 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.5 L/yr
10 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
12 years (4 salaries)	₹8 L/yr - ₹10.5 L/yr
13 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹8.2 L/yr
14 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹14.4 L/yr
15+ years (3 salaries)	₹3.2 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

(20 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

(174 salaries)

₹3.7 L/yr - ₹10.04 L/yr

Chief Manager Salary

(59 salaries)

₹11.45 L/yr - ₹27 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.

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.

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 .

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.

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.

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.

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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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 ₹5.8 Lakhs to ₹10.5 Lakhs for experience between 6 years to 16 years. According to our estimates it is 10% less than the average Branch Manager Salary in India. Salary estimates are based on 16 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 10% 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 - ₹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
National Insurance Company Branch Manager Salary - ₹11.0 Lakhs to ₹15.1 Lakhs per year

What is the salary of a Branch Manager in companies similar to SBI General Insurance 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
Aviva Life Insurance India Branch Manager Salary - ₹6.5 Lakhs to ₹15.0 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 SBI General Insurance in India?

The estimated take-home salary of a Branch Manager at SBI General Insurance ranges between ₹59,250 per month to ₹60,746 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 ₹5.8 Lakhs to ₹10.5 Lakhs per year for employees with experience between 6 years to 16 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the SBI General Insurance Branch Managers reported a notice period of 3 Months, 31% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 16 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 ₹5.8 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 SBI General Insurance latest salaries received from various employees of SBI General Insurance.