SBI Life Insurance Company Mumbai Branch Manager Salaries by 8 Employees

7 - 20 years exp.

₹8 Lakhs - ₹11.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Branch Manager Salary in Insurance Companies for 7 - 20 years of experience

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Salaries in different departments

Sales & Business Development Branch Manager Salary 10 - 20 years exp. (4 salaries)	₹8 L/yr - ₹12.2 L/yr
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BFSI, Investments & Trading Branch Manager Salary 7 - 14 years exp. (3 salaries)	₹9.5 L/yr - ₹11.2 L/yr

Last Updated: 10 Sep 2024

Companies similar to SBI Life Insurance Company for Branch Manager in Mumbai

SBI Life Insurance Company Branch Manager Salary

7 - 20 years exp. (8 salaries)

₹8 L/yr - ₹11.2 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Branch Manager Salary 3 - 18 years exp. (50 salaries)	₹7.2 L/yr - ₹18 L/yr 19% more
HDFC Life Branch Manager Salary 6 - 16 years exp. (31 salaries)	₹5.5 L/yr - ₹12.5 L/yr 14% less
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Kotak Mahindara Life Insurance Branch Manager Salary 3 - 18 years exp. (19 salaries)	₹6 L/yr - ₹11 L/yr 14% less
Tata AIA Life Insurance Branch Manager Salary 9 - 19 years exp. (15 salaries)	₹8.2 L/yr - ₹17.3 L/yr 19% more	13 job openings
Axis Max Life Insurance Branch Manager Salary 9 - 18 years exp. (12 salaries)	₹7.3 L/yr - ₹12.5 L/yr 4% less	3 job openings
Star Health & Allied Insurance Branch Manager Salary 8 - 18 years exp. (12 salaries)	₹6.5 L/yr - ₹10.2 L/yr 30% less
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 15 years exp. (11 salaries)	₹5.1 L/yr - ₹11 L/yr 24% less	6 job openings
HDFC Ergo General Insurance Branch Manager Salary 9 - 16 years exp. (9 salaries)	₹6 L/yr - ₹10.5 L/yr 14% less
ICICI Lombard General Insurance Company Branch Manager Salary 6 - 14 years exp. (8 salaries)	₹6 L/yr - ₹12 L/yr 16% less	3 job openings
Aditya Birla Health Insurance Co Branch Manager Salary 11 - 15 years exp. (4 salaries)	₹6.5 L/yr - ₹9.7 L/yr 16% less
Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 10 years exp. (3 salaries)	₹8.5 L/yr - ₹11 L/yr 9% less
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Bajaj Allianz General Insurance Branch Manager Salary 7 - 12 years exp. (3 salaries)	₹5.5 L/yr - ₹7.6 L/yr 29% less	4 job openings
PNB MetLife Branch Manager Salary 12 - 18 years exp. (3 salaries)	₹9.5 L/yr - ₹12.5 L/yr 8% less

Branch Manager salary at SBI Life Insurance Company ranges between ₹8 Lakhs to ₹11.2 Lakhs per year for employees with experience between 7 years to 20 years. Salary estimates are based on 8 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Branch Manager salaries in Mumbai

Last Updated: 10 Sep 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.3 L/yr
8 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
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9 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
10 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
11 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.7 L/yr
12 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.8 L/yr
13 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr
14 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12.1 L/yr
15+ years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.6 L/yr

View all

From

Branch Manager

7 - 24 years exp.

Senior Branch Manager

10 - 22 years exp.

From

Branch Manager

7 - 24 years exp.

Divisional Manager

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

(15 salaries)

₹7.5 L/yr - ₹14.21 L/yr

Operations Manager Salary

(9 salaries)

₹7.3 L/yr - ₹10 L/yr

Deputy Manager Salary

(7 salaries)

₹4 L/yr - ₹8.5 L/yr

Sales Manager Salary

(3 salaries)

₹3.18 L/yr - ₹5.6 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

4.0

Rated by 4 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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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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SBI Life Insurance Company Branch Manager Salary FAQs

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

The average salary of a Branch Manager at SBI Life Insurance Company in Mumbai typically ranges from ₹8.0 Lakhs to ₹11.2 Lakhs per year, depending on experience (from 7 years to 20 years).

The top 10% of Branch Manager in Mumbai at SBI Life Insurance Company earn more than ₹11.2 Lakhs per year, and the top 1% earn over ₹11.2 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 8 SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Branch Manager at SBI Life Insurance Company in Mumbai typically ranges from ₹76,269 to ₹78,246 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹11.2 Lakhs per year for employees with experience ranging from 7 years to 20 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 8 salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Branch Manager at SBI Life Insurance Company in Mumbai?

To be a Branch Manager at SBI Life Insurance Company in Mumbai, the key skills required include:

- 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.

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

ICICI Prudential Life Insurance	₹7.2 Lakhs to ₹18.0 Lakhs per year
Tata AIA Life Insurance	₹8.2 Lakhs to ₹17.3 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 Manager in companies similar to SBI Life Insurance Company in Mumbai?

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

Axis Max Life Insurance	₹7.3 Lakhs to ₹12.5 Lakhs per year
PNB MetLife	₹9.5 Lakhs to ₹12.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹8.5 Lakhs to ₹11.0 Lakhs per year
HDFC Life	₹5.5 Lakhs to ₹12.5 Lakhs per year
Kotak Mahindara Life Insurance	₹6.0 Lakhs to ₹11.0 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 Branch Manager at SBI Life Insurance Company in Mumbai?

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

Experience	Average Salary Range
7 years	₹8.8 Lakhs to ₹11.3 Lakhs per year
8 years	₹8.9 Lakhs to ₹11.4 Lakhs per year
9 years	₹9.0 Lakhs to ₹11.5 Lakhs per year
10 years	₹9.1 Lakhs to ₹11.6 Lakhs per year

and so on.

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SBI Life Insurance Company Branch Manager Salaries in Mumbai

SBI Life Insurance Company Branch Manager salary in Mumbai ranges between ₹8 Lakhs to ₹11.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.