SBI Life Insurance Company Assistant Branch Manager Salaries by 9 Employees

2 - 9 years exp.

₹2.4 Lakhs - ₹12 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

39% more than the average Assistant Branch Manager Salary in Insurance Companies for 2 - 9 years of experience

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Last Updated: 31 Aug 2024

Companies similar to SBI Life Insurance Company for Assistant Branch Manager

Company name	Avg Annual Salary	Open Jobs
Reliance Nippon Life Insurance Assistant Branch Manager Salary 5 - 16 years exp. (294 salaries)	₹4 L/yr - ₹7.5 L/yr 12% less
Star Health & Allied Insurance Assistant Branch Manager Salary 5 - 15 years exp. (107 salaries)	₹4 L/yr - ₹7.8 L/yr 23% less
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Kotak Mahindara Life Insurance Assistant Branch Manager Salary 4 - 15 years exp. (82 salaries)	₹4.3 L/yr - ₹8.5 L/yr 7% less
Tata AIA Life Insurance Assistant Branch Manager Salary 5 - 14 years exp. (33 salaries)	₹5 L/yr - ₹9.8 L/yr At par
HDFC Life Assistant Branch Manager Salary 3 - 12 years exp. (28 salaries)	₹3.8 L/yr - ₹7.5 L/yr 20% less
Shriram Life Insurance Assistant Branch Manager Salary 0 - 12 years exp. (22 salaries)	₹2.2 L/yr - ₹5.5 L/yr 45% less
Aditya Birla Health Insurance Co Assistant Branch Manager Salary 3 - 14 years exp. (20 salaries)	₹4.5 L/yr - ₹9.9 L/yr 1% less
HDFC Ergo General Insurance Assistant Branch Manager Salary 2 - 9 years exp. (19 salaries)	₹3.3 L/yr - ₹6 L/yr 31% less
Bajaj Allianz Life Insurance Assistant Branch Manager Salary 1 - 10 years exp. (14 salaries)	₹5 L/yr - ₹8.5 L/yr 15% less
Axis Max Life Insurance Assistant Branch Manager Salary 2 - 15 years exp. (12 salaries)	₹5 L/yr - ₹8 L/yr 4% less
ICICI Prudential Life Insurance Assistant Branch Manager Salary 4 - 11 years exp. (6 salaries)	₹3.2 L/yr - ₹5 L/yr 44% less
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Life Insurance Corporation of India Assistant Branch Manager Salary 9 - 19 years exp. (7 salaries)	₹8 L/yr - ₹10.8 L/yr 31% more
ICICI Lombard General Insurance Company Assistant Branch Manager Salary 3 - 14 years exp. (6 salaries)	₹5 L/yr - ₹6.5 L/yr 19% less
PNB MetLife Assistant Branch Manager Salary 7 - 14 years exp. (4 salaries)	₹6.1 L/yr - ₹9 L/yr 13% less
Aditya Birla Sun Life Insurance Assistant Branch Manager Salary 11 - 15 years exp. (3 salaries)	₹5.8 L/yr - ₹7 L/yr 17% less
Bajaj Allianz General Insurance Assistant Branch Manager Salary 6 - 8 years exp. (3 salaries)	₹5.1 L/yr - ₹6.1 L/yr 19% less
The Oriental Insurance Co. Assistant Branch Manager Salary 9 - 11 years exp. (3 salaries)	₹9.2 L/yr - ₹11.7 L/yr 45% more

Assistant Branch Manager salary at SBI Life Insurance Company ranges between ₹2.4 Lakhs to ₹12 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 9 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Assistant Branch Manager salaries

Last Updated: 31 Aug 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹11.1 L/yr
3 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr
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4 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
5 years (AmbitionBox Estimate)	₹5 L/yr - ₹11.9 L/yr
6 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹7.5 L/yr
7 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹12.4 L/yr
8 years (3 salaries)	₹6.5 L/yr - ₹12 L/yr
9 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹8 L/yr

View all

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Salary related reviews for SBI Life Insurance Company

5.0

Rated by 3 employees for salary & benefits

Business Development Manager in Deoghar

Full Time

Marketing & Communication Department

5.0

• posted on 30 Jan 2025

2.0

for Salary and Benefits

Likes

Very good policy, good Behaviour from all senior Management.

Skill development - Good

+3 more

Dislikes

I am working from last 8 year but my salary is very low. If someone working is in other companies and they switched from there to here they are getting good CTC. If you are working in good location and if your assign branch and branch manager is good so you can get promotion but if you not working in good location or your assign branch is not good it's very deficit to get promotion.

Salary - Poor

Area Sales Manager in Vijayawada

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 05 Aug 2023

5.0

for Salary and Benefits

Likes

I am so Proud to say Working this organisation last 4years. i got a two promotions last two years.

Salary - Excellent

+6 more

Dislikes

I expecting Long time Vintage Employes Expect Minimum Salary hike. because Now a days out side companies giving a more salary hikes Vintage persons so Our Company giving a minimum hikes of Vintage Employes it will so benefit and no one live Our Company.

Business Development Manager in Rajkot

Full Time

Sales & Business Development Department

3.0

• posted on 01 Feb 2023

2.0

for Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

Official working days me bhi office bulate hain aur bill pay nahi karte hain personal life jaish kuchh nahi rehta hain aur morning 7:00am zoom start kar dete hain

Salary - Poor

+6 more

Business Development Manager in Jaipur

Full Time

Sels Department

5.0

• posted on 12 Apr 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

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Business Development Manager in Work Form Bank And Field

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 25 Sep 2023

1.0

for Salary and Benefits

Likes

Only Job Security,

Job security - Good

Dislikes

...hear from long time. Only due to not get any increment I have left the job..... You will hire new persons on higher package but you won't retain ur old employes on giving them some litter bit hike or increment. My humble request to you that plz take care of your old employes who are working on lower package or CTC, from long time...plz don't force them to leave the job due to lower Package... And plz start Rehiring. Lots of old employes are ready to work with sbilife Again.🙏

Salary - Bad

+3 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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SBI Life Insurance Company Assistant Branch Manager Salary FAQs

What is the salary of Assistant Branch Manager at SBI Life Insurance Company ?

The average salary of a Assistant Branch Manager at SBI Life Insurance Company in India typically ranges from ₹2.4 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 2 years to 9 years).

The top 10% of Assistant Branch Manager at SBI Life Insurance Company earn more than ₹10.4 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Assistant Branch Manager Salaries at SBI Life 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 9 SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Assistant Branch Manager at SBI Life Insurance Company in India typically ranges from ₹52,600 to ₹53,907 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 2 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 9 salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI Life Insurance Company for Assistant Branch Manager in India?

The Oriental Insurance Co.	₹9.2 Lakhs to ₹11.7 Lakhs per year
Life Insurance Corporation of India	₹8.0 Lakhs to ₹10.8 Lakhs per year
Tata AIA Life Insurance	₹5.0 Lakhs to ₹9.8 Lakhs per year

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

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

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

Aditya Birla Health Insurance Co	₹4.5 Lakhs to ₹9.9 Lakhs per year
Axis Max Life Insurance	₹5.0 Lakhs to ₹8.0 Lakhs per year
Kotak Mahindara Life Insurance	₹4.3 Lakhs to ₹8.5 Lakhs per year
Reliance Nippon Life Insurance	₹4.0 Lakhs to ₹7.5 Lakhs per year
PNB MetLife	₹6.1 Lakhs to ₹9.0 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 Assistant Branch Manager at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
2 years	₹2.4 Lakhs to ₹11.1 Lakhs per year
3 years	₹5.7 Lakhs to ₹7.2 Lakhs per year
4 years	₹5.8 Lakhs to ₹7.4 Lakhs per year
5 years	₹5.0 Lakhs to ₹11.9 Lakhs per year

and so on.

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SBI Life Insurance Company Assistant Branch Manager Salaries

SBI Life Insurance Company Assistant Branch Manager salary in India ranges between ₹2.4 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.