SBI Life Insurance Company New Delhi Branch Manager Salaries by 4 Employees

8 - 14 years exp.

₹7.5 Lakhs - ₹9.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

12% less than the average Branch Manager Salary in Insurance Companies for 8 - 14 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 10 - 14 years exp. (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.6 L/yr
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Marketing & Communication Branch Manager Salary 9 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.3 L/yr

Last Updated: 30 Mar 2023

Companies similar to SBI Life Insurance Company for Branch Manager in New Delhi

SBI Life Insurance Company Branch Manager Salary

8 - 14 years exp. (4 salaries)

₹7.5 L/yr - ₹9.6 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Branch Manager Salary 6 - 18 years exp. (43 salaries)	₹6.2 L/yr - ₹12 L/yr 7% more
ICICI Prudential Life Insurance Branch Manager Salary 3 - 18 years exp. (44 salaries)	₹6.3 L/yr - ₹16.3 L/yr 38% more
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ICICI Lombard General Insurance Company Branch Manager Salary 5 - 16 years exp. (20 salaries)	₹7 L/yr - ₹12.5 L/yr 4% more	6 job openings
Reliance Nippon Life Insurance Branch Manager Salary 7 - 17 years exp. (18 salaries)	₹5 L/yr - ₹9.5 L/yr 21% less
Kotak Mahindara Life Insurance Branch Manager Salary 5 - 18 years exp. (17 salaries)	₹7.5 L/yr - ₹11.5 L/yr 4% more
Star Health & Allied Insurance Branch Manager Salary 8 - 15 years exp. (13 salaries)	₹6 L/yr - ₹11.7 L/yr 4% less
Axis Max Life Insurance Branch Manager Salary 8 - 19 years exp. (10 salaries)	₹8.5 L/yr - ₹13 L/yr 11% more	1 job opening
Aditya Birla Health Insurance Co Branch Manager Salary 8 - 13 years exp. (7 salaries)	₹7 L/yr - ₹11.4 L/yr 5% more
HDFC Ergo General Insurance Branch Manager Salary 12 - 17 years exp. (7 salaries)	₹6.3 L/yr - ₹9 L/yr 10% less
Bajaj Allianz Life Insurance Branch Manager Salary 6 - 10 years exp. (6 salaries)	₹7.5 L/yr - ₹12 L/yr 3% more	25 job openings
Tata AIA Life Insurance Branch Manager Salary 13 - 16 years exp. (5 salaries)	₹9.5 L/yr - ₹13 L/yr 32% more	13 job openings
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Shriram Life Insurance Branch Manager Salary 7 - 14 years exp. (4 salaries)	₹7.5 L/yr - ₹8 L/yr 16% less	2 job openings
Aditya Birla Sun Life Insurance Branch Manager Salary 7 - 13 years exp. (4 salaries)	₹6.8 L/yr - ₹9.1 L/yr 10% less
PNB MetLife Branch Manager Salary 15 - 18 years exp. (4 salaries)	₹9 L/yr - ₹12.5 L/yr 9% more

Branch Manager salary at SBI Life Insurance Company ranges between ₹7.5 Lakhs to ₹9.6 Lakhs per year for employees with experience between 8 years to 14 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 Manager salaries in New Delhi

Last Updated: 30 Mar 2023

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10.2 L/yr
9 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.3 L/yr
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10 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.4 L/yr
11 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.5 L/yr
12 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
13 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
14 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.8 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

(24 salaries)

₹6.05 L/yr - ₹12.5 L/yr

Operations Manager Salary

(6 salaries)

₹4 L/yr - ₹13 L/yr

Branch Head Salary

(4 salaries)

₹8.25 L/yr - ₹13 L/yr

Senior Branch Manager Salary

(3 salaries)

₹10.1 L/yr - ₹11.35 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 2 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.

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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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 New Delhi?

The average salary of a Branch Manager at SBI Life Insurance Company in New Delhi typically ranges from ₹7.5 Lakhs to ₹9.6 Lakhs per year, depending on experience (from 8 years to 14 years).

The top 10% of Branch Manager in New Delhi at SBI Life Insurance Company earn more than ₹9.6 Lakhs per year, and the top 1% earn over ₹9.6 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 4 SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Branch Manager at SBI Life Insurance Company in New Delhi typically ranges from ₹67,165 to ₹68,885 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹9.6 Lakhs per year for employees with experience ranging from 8 years to 14 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.

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

To be a Branch Manager at SBI Life Insurance Company in New Delhi, 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	₹6.3 Lakhs to ₹16.3 Lakhs per year
Tata AIA Life Insurance	₹9.5 Lakhs to ₹13.0 Lakhs per year
Axis Max Life Insurance	₹8.5 Lakhs to ₹13.0 Lakhs per year
PNB MetLife	₹9.0 Lakhs to ₹12.5 Lakhs per year
HDFC Life	₹6.2 Lakhs to ₹12.0 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 Manager in companies similar to SBI Life Insurance Company in New Delhi?

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

Aditya Birla Health Insurance Co	₹7.0 Lakhs to ₹11.4 Lakhs per year
ICICI Lombard General Insurance Company	₹7.0 Lakhs to ₹12.5 Lakhs per year
Kotak Mahindara Life Insurance	₹7.5 Lakhs to ₹11.5 Lakhs per year
Bajaj Allianz Life Insurance	₹7.5 Lakhs to ₹12.0 Lakhs per year
Star Health & Allied Insurance	₹6.0 Lakhs to ₹11.7 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 New Delhi?

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

Experience	Average Salary Range
8 years	₹7.9 Lakhs to ₹10.2 Lakhs per year
9 years	₹8.0 Lakhs to ₹10.3 Lakhs per year
10 years	₹8.1 Lakhs to ₹10.4 Lakhs per year
11 years	₹8.2 Lakhs to ₹10.5 Lakhs per year

and so on.

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SBI Life Insurance Company Branch Manager Salaries in New Delhi

SBI Life Insurance Company Branch Manager salary in New Delhi ranges between ₹7.5 Lakhs to ₹9.6 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.