SBI Life Insurance Company Mumbai Branch Manager Salaries by 8 Employees (Updated 2024)

7 - 20 years exp.

₹8 Lakhs - ₹11.2 Lakhs

Salary of majority employees

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 - ₹11.1 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
HDFC Life Branch Manager Salary 8 - 16 years exp. (29 salaries)	₹5.5 L/yr - ₹12.5 L/yr 13% less
ICICI Prudential Life Insurance Branch Manager Salary 7 - 17 years exp. (35 salaries)	₹10 L/yr - ₹18 L/yr 19% more
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Max Life Insurance Branch Manager Salary 9 - 16 years exp. (11 salaries)	₹7.3 L/yr - ₹12 L/yr 5% less	5 job openings
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 15 years exp. (15 salaries)	₹5.1 L/yr - ₹12 L/yr 22% less
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 18 years exp. (19 salaries)	₹6 L/yr - ₹11 L/yr 13% less
Tata AIA Life Insurance Branch Manager Salary 10 - 19 years exp. (14 salaries)	₹8.2 L/yr - ₹15.5 L/yr 12% more	17 job openings
Bharti AXA Life Insurance Branch Manager Salary 12 - 15 years exp. (6 salaries)	₹6.2 L/yr - ₹9.9 L/yr 19% less
PNB MetLife Branch Manager Salary 12 - 18 years exp. (3 salaries)	₹10 L/yr - ₹12.5 L/yr 1% more
Care Health Insurance Branch Manager Salary 3 - 17 years exp. (37 salaries)	₹4.3 L/yr - ₹8 L/yr 44% less	1 job opening
HDFC Ergo General Insurance Branch Manager Salary 9 - 16 years exp. (12 salaries)	₹6 L/yr - ₹13.7 L/yr 5% less	2 job openings
ICICI Lombard General Insurance Company Branch Manager Salary 6 - 14 years exp. (10 salaries)	₹6 L/yr - ₹13 L/yr 13% less	1 job opening
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Star Health & Allied Insurance Branch Manager Salary 8 - 17 years exp. (10 salaries)	₹6.5 L/yr - ₹10.2 L/yr 28% less	3 job openings
Aditya Birla Health Insurance Co Branch Manager Salary 11 - 15 years exp. (5 salaries)	₹6.5 L/yr - ₹9.7 L/yr 15% less
Life Insurance Corporation of India Branch Manager Salary 12 - 16 years exp. (3 salaries)	₹14.8 L/yr - ₹24 L/yr 56% more
Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 8 years exp. (3 salaries)	₹7 L/yr - ₹9.1 L/yr 18% 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)	₹9.5 L/yr - ₹18 L/yr
8 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
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9 years (AmbitionBox Estimate)	₹10 L/yr - ₹18.3 L/yr
10 years (AmbitionBox Estimate)	₹8 L/yr - ₹11 L/yr
11 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr
12 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹11.1 L/yr
13 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹11.2 L/yr
14 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹11.2 L/yr
15+ years (AmbitionBox Estimate)	₹4.4 L/yr - ₹11 L/yr

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From

Branch Manager

7 - 21 years exp.

Divisional Manager

15 - 25 years exp.

From

Branch Manager

7 - 21 years exp.

Senior Branch Manager

10 - 22 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

(14 salaries)

₹7.5 L/yr - ₹13.5 L/yr

Operations Manager Salary

(9 salaries)

₹7.3 L/yr - ₹10 L/yr

Deputy Manager Salary

(5 salaries)

₹4 L/yr - ₹8.5 L/yr

Sales Manager Salary

(3 salaries)

₹3.8 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.

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.

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

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.

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,

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.🙏

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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SBI Life Insurance Company Branch Manager Salary FAQs

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

Branch Manager salary at SBI Life Insurance Company in Mumbai ranges between ₹8.0 Lakhs to ₹11.2 Lakhs for experience between 7 years to 20 years. According to our estimates it is 3% less than the average Branch Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

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

The average salary of a Branch Manager at SBI Life Insurance Company is 3% less than the average salary of a Branch Manager in Mumbai. 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 Mumbai.

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

Life Insurance Corporation of India Branch Manager Salary - ₹14.8 Lakhs to ₹24.0 Lakhs per year
ICICI Prudential Life Insurance Branch Manager Salary - ₹10.0 Lakhs to ₹18.0 Lakhs per year
Tata AIA Life Insurance Branch Manager Salary - ₹8.2 Lakhs to ₹15.5 Lakhs per year
PNB MetLife Branch Manager Salary - ₹10.0 Lakhs to ₹12.5 Lakhs per year

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

HDFC Ergo General Insurance Branch Manager Salary - ₹6.0 Lakhs to ₹13.7 Lakhs per year
Max Life Insurance Branch Manager Salary - ₹7.3 Lakhs to ₹12.0 Lakhs per year
Kotak Mahindara Life Insurance Branch Manager Salary - ₹6.0 Lakhs to ₹11.0 Lakhs per year
HDFC Life Branch Manager Salary - ₹5.5 Lakhs to ₹12.5 Lakhs per year
ICICI Lombard General Insurance Company Branch Manager Salary - ₹6.0 Lakhs to ₹13.0 Lakhs per year

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 ranges between ₹75,870 per month to ₹77,835 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Branch Manager salary in India which ranges between ₹8.0 Lakhs to ₹11.2 Lakhs per year for employees with experience between 7 years to 20 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the SBI Life Insurance Company Branch Managers in Mumbai reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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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.