SBI Life Insurance Company Branch Manager Salaries by 100+ Employees (Updated 2025)

7 - 24 years exp.

₹6.5 Lakhs - ₹15.7 Lakhs

Salary of majority employees

Fixed (90%)

₹9.6 Lakhs

Variable (10%)

₹1.1 Lakh

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17% more than the average Branch Manager Salary in Insurance Companies for 7 - 24 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 7 - 19 years exp. (74 salaries)	Unlock ₹6.5 L/yr - ₹15 L/yr
Sales & Business Development Branch Manager Salary 7 - 24 years exp. (57 salaries)	Unlock ₹6.5 L/yr - ₹15.7 L/yr
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Marketing & Communication Branch Manager Salary 8 - 14 years exp. (8 salaries)	Unlock ₹6.8 L/yr - ₹11 L/yr
Finance & Accounting Branch Manager Salary 12 - 16 years exp. (AmbitionBox Estimate)	Unlock ₹9.9 L/yr - ₹11 L/yr

Last Updated: 10 Mar 2025

Companies similar to SBI Life Insurance Company for Branch Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Branch Manager Salary 6 - 18 years exp. (260 salaries)	Unlock ₹5.3 L/yr - ₹12.5 L/yr 12% less
ICICI Prudential Life Insurance Branch Manager Salary 3 - 18 years exp. (315 salaries)	Unlock ₹6.3 L/yr - ₹18.8 L/yr 13% more
Login to view exact salary
Axis Max Life Insurance Branch Manager Salary 8 - 19 years exp. (139 salaries)	Unlock ₹7 L/yr - ₹14 L/yr 4% less	1 job opening
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 20 years exp. (134 salaries)	Unlock ₹4.5 L/yr - ₹12.9 L/yr 22% less	1 job opening
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 18 years exp. (201 salaries)	Unlock ₹4.5 L/yr - ₹13.5 L/yr 16% less	1 job opening
Tata AIA Life Insurance Branch Manager Salary 9 - 19 years exp. (156 salaries)	Unlock ₹5 L/yr - ₹17.7 L/yr 12% more	18 job openings
Reliance Nippon Life Insurance Branch Manager Salary 7 - 20 years exp. (207 salaries)	Unlock ₹3.8 L/yr - ₹11.5 L/yr 30% less
Aviva Life Insurance India Branch Manager Salary 7 - 22 years exp. (40 salaries)	Unlock ₹7 L/yr - ₹15 L/yr 5% less
Bharti AXA Life Insurance Branch Manager Salary 7 - 18 years exp. (73 salaries)	Unlock ₹5 L/yr - ₹10.5 L/yr 23% less
PNB MetLife Branch Manager Salary 8 - 20 years exp. (49 salaries)	Unlock ₹6.6 L/yr - ₹13.2 L/yr 10% less

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Branch Manager salary at SBI Life Insurance Company ranges between ₹6.5 Lakhs to ₹15.7 Lakhs per year for employees with experience between 7 years to 24 years. Salary estimates are based on 169 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Branch Manager

2d ago

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8 years exp.

4d ago

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10 years exp.

1w ago

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13 years exp.

1w ago

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14 years exp.

1mo ago

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13 years exp.

1mo ago

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18 years exp.

2mo ago

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19 years exp.

2mo ago

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11 years exp.

2mo ago

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10 years exp.

2mo ago

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17 years exp.

Experience wise SBI Life Insurance Company Branch Manager salaries

Last Updated: 10 Mar 2025

Experience	Avg Annual Salary
7 years (6 salaries)	Unlock ₹7 L/yr - ₹10 L/yr
8 years (7 salaries)	Unlock ₹6.9 L/yr - ₹14 L/yr
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9 years (5 salaries)	Unlock ₹7.5 L/yr - ₹18.1 L/yr
10 years (20 salaries)	Unlock ₹6.5 L/yr - ₹12 L/yr
11 years (12 salaries)	Unlock ₹7 L/yr - ₹11.8 L/yr
12 years (15 salaries)	Unlock ₹8 L/yr - ₹11.1 L/yr
13 years (17 salaries)	Unlock ₹7.2 L/yr - ₹12 L/yr
14 years (20 salaries)	Unlock ₹6.5 L/yr - ₹12 L/yr
15+ years (67 salaries)	Unlock ₹6.5 L/yr - ₹15.7 L/yr

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From

Branch Manager

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7 - 24 years exp.

Senior Branch Manager

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₹

Lakhs/yr

10 - 22 years exp.

From

Branch Manager

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7 - 24 years exp.

Divisional Manager

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13 - 25 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in SBI Life Insurance Company

Area Manager Salary

(222 salaries)

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₹4.6 L/yr - ₹14.21 L/yr

Credit Manager Salary

(AmbitionBox Estimate)

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₹15.8 L/yr - ₹20.2 L/yr

Sales Manager Salary

(84 salaries)

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₹1.2 L/yr - ₹5.6 L/yr

Branch Head Salary

(26 salaries)

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₹6 L/yr - ₹15 L/yr

Deputy Manager Salary

(38 salaries)

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₹2.5 L/yr - ₹10 L/yr

Chief Manager Salary

(4 salaries)

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₹17 L/yr - ₹40 L/yr

Branch Sales Manager Salary

(24 salaries)

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₹5 L/yr - ₹13 L/yr

Senior Branch Manager Salary

(64 salaries)

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₹9 L/yr - ₹18.5 L/yr

Cluster Manager Salary

(5 salaries)

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₹3.5 L/yr - ₹5.25 L/yr

Operations Manager Salary

(44 salaries)

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₹3.6 L/yr - ₹13 L/yr

Top skills at SBI Life Insurance Company for Branch Manager

Branch Management Sales Customer Service IRDA Heading Profit Centre Team Building Communication Skills Selling Publicity Customer Complaints Activation New Business Branch Handling Tied Channel Finance

Salary related reviews for SBI Life Insurance Company

3.6

Rated by 49 employees for salary & benefits

Branch Manager in Kumta

BFSI, Investments & Trading Department

3.0

• posted on 18 Jun 2020

3.0

for Salary and Benefits

Likes

Salary hike 3 to 5 % per year.Providing petrol exp and telephone exp based on cader.

Dislikes

Lot of politics, no HR Control , career growth is slow, induction training will not conducted in proper time. No value and respect for out Commer. High volume pressure on target and mental irritation. No any value addition from reporting manager.

Job security - Bad

+4 more

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.

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Salary Discussions, Hike & Promotions

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an associate vice president

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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SBI Life Insurance Company Branch Manager Salary FAQs

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

Branch Manager salary at SBI Life Insurance Company in India ranges between ₹6.5 Lakhs to ₹15.7 Lakhs for experience between 7 years to 24 years. According to our estimates it is 17% more than the average Branch Manager Salary in India. Salary estimates are based on 169 latest salaries received from various employees of SBI Life Insurance Company India.

How does the salary of a Branch Manager at SBI Life Insurance Company India compare with the average salary range for this job?

The average salary of a Branch Manager at SBI Life Insurance Company is 17% more than the average salary of a Branch Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Branch Manager at SBI Life Insurance Company?

Branch Management, Sales, Customer Service, IRDA and Heading Profit Centre are some of the popular skills required to work as a Branch Manager at SBI Life Insurance Company India.

Which similar companies are paying more than SBI Life Insurance Company to a Branch Manager in India?

Life Insurance Corporation of India Branch Manager Salary - ₹15.3 Lakhs to ₹28.0 Lakhs per year
The New India Assurance Co. Branch Manager Salary - ₹10.0 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 ₹18.8 Lakhs per year

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

Tata AIA Life Insurance Branch Manager Salary - ₹5.0 Lakhs to ₹17.7 Lakhs per year
Axis Max Life Insurance Branch Manager Salary - ₹7.0 Lakhs to ₹14.0 Lakhs per year
Aviva Life Insurance India Branch Manager Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year
PNB MetLife Branch Manager Salary - ₹6.6 Lakhs to ₹13.2 Lakhs per year
HDFC Life Branch Manager Salary - ₹5.3 Lakhs to ₹12.5 Lakhs per year

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

The estimated take-home salary of a Branch Manager at SBI Life Insurance Company ranges between ₹77,100 per month to ₹79,101 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Branch Manager salary in India which ranges between ₹6.5 Lakhs to ₹15.7 Lakhs per year for employees with experience between 7 years to 24 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 49% of the SBI Life Insurance Company Branch Managers reported a notice period of 3 Months, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 103 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Branch Manager Salaries by Location

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SBI Life Insurance Company Branch Manager Salaries

SBI Life Insurance Company Branch Manager salary in India ranges between ₹6.5 Lakhs to ₹15.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 169 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Branch Manager salaries in India (Updated 2025)

Companies similar to SBI Life Insurance Company for Branch Manager

Latest annual salaries shared by SBI Life Insurance Company Branch Manager

Experience wise SBI Life Insurance Company Branch Manager salaries

Similar Designation salaries in SBI Life Insurance Company

Top skills at SBI Life Insurance Company for Branch Manager

Salary related reviews for SBI Life Insurance Company

Branch Manager in Kumta

Business Development Manager in Deoghar

Area Sales Manager in Vijayawada

Business Development Manager in Rajkot

Business Development Manager in Jaipur

SBI Life Insurance Company Branch Manager Salary FAQs

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SBI Life Insurance Company Branch Manager Salaries by Location