SBI Life Insurance Company Branch Head Agency Salaries by 4 Employees

14 - 26 years exp.

₹8.5 Lakhs - ₹18 Lakhs

Low Confidence

Salary of majority employees

10% more than the average Branch Head Agency Salary in Insurance Companies for 14 - 26 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Head Agency Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹10.5 L/yr - ₹10.9 L/yr
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Sales & Business Development Branch Head Agency Salary 26 years exp. (AmbitionBox Estimate)	₹16.2 L/yr - ₹19.8 L/yr

Last Updated: 17 Jan 2024

Companies similar to SBI Life Insurance Company for Branch Head Agency

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Branch Head Agency Salary 2 - 21 years exp. (4 salaries)	₹6.5 L/yr - ₹15 L/yr 11% less
HDFC Life Branch Head Agency Salary 11 - 17 years exp. (4 salaries)	₹7.5 L/yr - ₹15.5 L/yr 11% less
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Tata AIA Life Insurance Branch Head Agency Salary 9 - 19 years exp. (3 salaries)	₹12 L/yr - ₹15 L/yr 9% more
Magma HDI General Insurance Branch Head Agency Salary 10 - 16 years exp. (8 salaries)	₹5.8 L/yr - ₹11.8 L/yr 27% less
Care Health Insurance Branch Head Agency Salary 12 - 22 years exp. (5 salaries)	₹7.4 L/yr - ₹10.6 L/yr 24% less

Branch Head Agency salary at SBI Life Insurance Company ranges between ₹8.5 Lakhs to ₹18 Lakhs per year for employees with experience between 14 years to 26 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Branch Head Agency salaries

Last Updated: 17 Jan 2024

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹10.9 L/yr
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15+ years (AmbitionBox Estimate)	₹13 L/yr - ₹16.6 L/yr

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Salary related reviews for SBI Life Insurance Company

Agency Manager in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

1.0

• posted on 27 Jun 2023

1.0

for Salary and Benefits

Likes

Good organisation for learning Training provide by that organisation is very good Customer service is nice Chain of branch is very good..

Skill development - Good

Dislikes

...ale without competition Senior manager always gives pressure to unit manager.. They earn 6 digit salary and lower staff salary is only 20k... promote product Boucher to investment own money...mea If you join that organisation get ready for so much pressure with low salary

Salary - Bad

+5 more

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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a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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SBI Life Insurance Company Branch Head Agency Salary FAQs

What is the salary of Branch Head Agency at SBI Life Insurance Company ?

The average salary of a Branch Head Agency at SBI Life Insurance Company in India typically ranges from ₹8.5 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 14 years to 26 years).

The top 10% of Branch Head Agency at SBI Life Insurance Company earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Branch Head Agency 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 4 SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Branch Head Agency at SBI Life Insurance Company in India typically ranges from ₹85,088 to ₹87,314 per month. This is based on the average salary range of ₹8.5 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 14 years to 26 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 4 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 Branch Head Agency in India?

Tata AIA Life Insurance

₹12.0 Lakhs to ₹15.0 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 Branch Head Agency in companies similar to SBI Life Insurance Company in India?

The salary of a Branch Head Agency 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:

ICICI Prudential Life Insurance	₹6.5 Lakhs to ₹15.0 Lakhs per year
HDFC Life	₹7.5 Lakhs to ₹15.5 Lakhs per year
Care Health Insurance	₹7.4 Lakhs to ₹10.6 Lakhs per year
Magma HDI General Insurance	₹5.8 Lakhs to ₹11.8 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 Head Agency at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
14 years	₹8.6 Lakhs to ₹10.9 Lakhs per year
15 years	₹13.0 Lakhs to ₹16.6 Lakhs per year

and so on.

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SBI Life Insurance Company Branch Head Agency Salaries

SBI Life Insurance Company Branch Head Agency salary in India ranges between ₹8.5 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.