Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary20% 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.
(76
salaries)
|  ₹6.5 L/yr - ₹15 L/yr |
Sales & Business Development
Branch Manager Salary
7 - 24
years
exp.
(57
salaries)
| ₹6.5 L/yr - ₹15.7 L/yr |
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| |
Marketing & Communication
Branch Manager Salary
8 - 14
years
exp.
(8
salaries)
| ₹6.8 L/yr - ₹11 L/yr |
Finance & Accounting
Branch Manager Salary
12 - 16
years
exp.
(AmbitionBox Estimate)
| ₹11 L/yr - ₹13.2 L/yr |
Companies similar to SBI Life Insurance Company for Branch Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 ICICI Prudential Life Insurance Branch Manager Salary
3 - 18 years exp. (369 salaries) | ₹6.5 L/yr - ₹18.8 L/yr 
10%
more | |
 HDFC Life Branch Manager Salary
6 - 18 years exp. (260 salaries) | ₹5.3 L/yr - ₹12.5 L/yr 
16%
less | |
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| ||
 Star Health & Allied Insurance Branch Manager Salary
5 - 18 years exp. (249 salaries) | ₹4 L/yr - ₹11 L/yr
33%
less | |
 ICICI Lombard General Insurance Company Branch Manager Salary
5 - 17 years exp. (209 salaries) | ₹4.5 L/yr - ₹13 L/yr
19%
less | 3 job openings |
 Kotak Mahindara Life Insurance Branch Manager Salary
3 - 18 years exp. (202 salaries) | ₹5 L/yr - ₹13 L/yr
21%
less | |
 HDFC Ergo General Insurance Branch Manager Salary
9 - 18 years exp. (197 salaries) | ₹4.7 L/yr - ₹14.5 L/yr
17%
less | |
 Reliance Nippon Life Insurance Branch Manager Salary
7 - 20 years exp. (202 salaries) | ₹3.8 L/yr - ₹11.5 L/yr
31%
less | |
 Tata AIA Life Insurance Branch Manager Salary
8 - 20 years exp. (169 salaries) | ₹5 L/yr - ₹17.7 L/yr
9%
more | 13 job openings |
 Aditya Birla Health Insurance Co Branch Manager Salary
5 - 16 years exp. (158 salaries) | ₹5 L/yr - ₹12 L/yr
20%
less | |
 Axis Max Life Insurance Branch Manager Salary
8 - 19 years exp. (140 salaries) | ₹7 L/yr - ₹14 L/yr
4%
less | 4 job openings |
 Bajaj Allianz Life Insurance Branch Manager Salary
7 - 18 years exp. (127 salaries) | ₹4.5 L/yr - ₹12.1 L/yr
22%
less | 5 job openings |
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| ||
 Aditya Birla Sun Life Insurance Branch Manager Salary
5 - 12 years exp. (107 salaries) | ₹4.5 L/yr - ₹11.3 L/yr
22%
less | |
 Shriram Life Insurance Branch Manager Salary
5 - 16 years exp. (91 salaries) | ₹2.2 L/yr - ₹9.5 L/yr
47%
less | 1 job opening |
 PNB MetLife Branch Manager Salary
8 - 20 years exp. (49 salaries) | ₹6.6 L/yr - ₹13.2 L/yr
12%
less | |
 Life Insurance Corporation of India Branch Manager Salary
15 - 31 years exp. (15 salaries) | ₹9.7 L/yr - ₹31 L/yr
57%
more | |
 Bajaj Allianz General Insurance Branch Manager Salary
2 - 17 years exp. (14 salaries) | ₹4.3 L/yr - ₹12.1 L/yr
31%
less | 5 job openings |
 The New India Assurance Co. Branch Manager Salary
5 - 10 years exp. (10 salaries) | ₹10 L/yr - ₹18.5 L/yr
43%
more | |
 SBI General Insurance Branch Manager Salary
7 - 12 years exp. (7 salaries) | ₹6.5 L/yr - ₹10.5 L/yr
29%
less | |
 United India Insurance Company Branch Manager Salary
4 - 10 years exp. (7 salaries) | ₹9 L/yr - ₹20 L/yr
42%
more | |
 The Oriental Insurance Co. Branch Manager Salary
9 - 30 years exp. (4 salaries) | ₹11.2 L/yr - ₹12.9 L/yr
16%
more | |
Latest annual salaries shared by SBI Life Insurance Company Branch Manager
Experience wise SBI Life Insurance Company Branch Manager salaries
Last Updated: 20 Mar 2025
| Experience | Avg Annual Salary |
|---|---|
| 7 years (7 salaries) |
₹7
L/yr
- ₹10
L/yr
|
| 8 years (8 salaries) |
₹6.9
L/yr
- ₹14
L/yr
|
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| |
| 9 years (5 salaries) |
₹7.5
L/yr
- ₹10
L/yr
|
| 10 years (21 salaries) |
₹6.5
L/yr
- ₹12
L/yr
|
| 11 years (12 salaries) |
₹7
L/yr
- ₹11.8
L/yr
|
From
To
Branch Manager
7 - 24 years exp.
Senior Branch Manager
10 - 22 years exp.
From
To
Branch Manager
7 - 24 years exp.
Divisional Manager
13 - 25 years exp.
Similar Designation salaries in SBI Life Insurance Company
Top skills at SBI Life Insurance Company for Branch Manager
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SBI Life Insurance Company Branch Manager Salary FAQs
The top 10% of Branch Manager at SBI Life Insurance Company earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹15.7 Lakhs per year. 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 100+ SBI Life Insurance Company employees in India.
- - Branch Management
- - Sales
- - Customer Service
- - IRDA
- - Heading Profit Centre
These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.
| Life Insurance Corporation of India | ₹9.7 Lakhs to ₹31.0 Lakhs per year |
| The New India Assurance Co. | ₹10.0 Lakhs to ₹18.5 Lakhs per year |
| United India Insurance Company | ₹9.0 Lakhs to ₹20.0 Lakhs per year |
| The Oriental Insurance Co. | ₹11.2 Lakhs to ₹12.9 Lakhs per year |
| ICICI Prudential Life Insurance | ₹6.5 Lakhs to ₹18.8 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.
| Tata AIA Life Insurance | ₹5.0 Lakhs to ₹17.7 Lakhs per year |
| Axis Max Life Insurance | ₹7.0 Lakhs to ₹14.0 Lakhs per year |
| PNB MetLife | ₹6.6 Lakhs to ₹13.2 Lakhs per year |
| HDFC Life | ₹5.3 Lakhs to ₹12.5 Lakhs per year |
| HDFC Ergo General Insurance | ₹4.7 Lakhs to ₹14.5 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.
| Experience | Average Salary Range |
|---|---|
| 7 years | ₹7.0 Lakhs to ₹10.0 Lakhs per year |
| 8 years | ₹6.9 Lakhs to ₹14.0 Lakhs per year |
| 9 years | ₹7.5 Lakhs to ₹10.0 Lakhs per year |
| 10 years | ₹6.5 Lakhs to ₹12.0 Lakhs per year |
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SBI Life Insurance Company Branch Manager Salaries by Location
- SBI Life Insurance Company Branch Manager salaries in Bangalore / Bengaluru
- SBI Life Insurance Company Branch Manager salaries in Mumbai
- SBI Life Insurance Company Branch Manager salaries in New Delhi
- SBI Life Insurance Company Branch Manager salaries in Kolkata
- SBI Life Insurance Company Branch Manager salaries in Rourkela
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SBI Life Insurance Company Branch Manager salary
in
India
ranges between ₹6.5
Lakhs to ₹16
Lakhs with an average annual salary of
₹. Salary estimates are based on
171
SBI Life Insurance Company latest salaries received from various employees of
SBI Life Insurance Company.