SBI Life Insurance Company Bhopal Branch Development Manager Salaries by 3 Employees

4 - 8 years exp.

₹2.8 Lakhs - ₹4.3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

At par with the average Branch Development Manager Salary in Insurance Companies for 4 - 8 years of experience

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Last Updated: 14 Mar 2023

Branch Development Manager salary at SBI Life Insurance Company ranges between ₹2.8 Lakhs to ₹4.3 Lakhs per year for employees with experience between 4 years to 8 years. Salary estimates are based on 3 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Branch Development Manager salaries in Bhopal

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
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6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
8 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.8 L/yr

Similar Designation salaries in SBI Life Insurance Company

Underwriter Salary

(3 salaries)

₹5 L/yr - ₹5.5 L/yr

Salary related reviews for SBI Life Insurance Company

3.0

Rated by 1 employees for salary & benefits

Branch Development Manager

BFSI, Investments & Trading Department

5.0

• posted on 16 Apr 2019

5.0

for Salary and Benefits

Likes

Working culture is very good, promotion is performance based so one don't depend on boss favors, salary is best in industry, we get sufficient leaves

Salary - Excellent

+3 more

Dislikes

Training is that good it is more like a formality,during March we need to work late hours.

Work-life balance - Poor

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 Executive in Gangtok

Full Time

Marketing & Communication Department

4.0

• posted on 13 Sep 2023

5.0

for Salary and Benefits

Likes

very good company with good oppurtunities and good pay

Salary - Excellent

+4 more

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

Job security - Poor

Senior Business Development Executive in Ongole

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Jun 2023

2.0

for Salary and Benefits

Likes

No positive to tell company not good salary not good supporting staff.

Dislikes

Treating very cheap to front line employees(Field workers).and also no support to superior s.. always blamed for front line employees.

Salary - Poor

+4 more

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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 Branch Development Manager Salary FAQs

How the salary growth look like for a Branch Development Manager at SBI Life Insurance Company in Bhopal?

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

Experience	Average Salary Range
4 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
5 years	₹3.4 Lakhs to ₹4.3 Lakhs per year
6 years	₹3.5 Lakhs to ₹4.5 Lakhs per year
7 years	₹3.6 Lakhs to ₹4.6 Lakhs per year

and so on.

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SBI Life Insurance Company Branch Development Manager Salaries in Bhopal

SBI Life Insurance Company Branch Development Manager salary in Bhopal ranges between ₹2.8 Lakhs to ₹4.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.