SBI Life Insurance Company Branch Sales Manager Salaries by 20+ Employees (Updated 2025)

6 - 20 years exp.

₹5 Lakhs - ₹14.3 Lakhs

Salary of majority employees

30% more than the average Branch Sales Manager Salary in Insurance Companies for 6 - 20 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Sales & Business Development Branch Sales Manager Salary 11 - 17 years exp. (9 salaries)	₹8.4 L/yr - ₹11.8 L/yr
BFSI, Investments & Trading Branch Sales Manager Salary 10 - 20 years exp. (8 salaries)	₹7.5 L/yr - ₹14.3 L/yr
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Marketing & Communication Branch Sales Manager Salary 14 - 16 years exp. (3 salaries)	₹9.3 L/yr - ₹11.5 L/yr
Customer Success, Service & Operations Branch Sales Manager Salary 6 - 8 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹5.9 L/yr

Last Updated: 15 Mar 2025

Companies similar to SBI Life Insurance Company for Branch Sales Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Branch Sales Manager Salary 2 - 9 years exp. (166 salaries)	₹3 L/yr - ₹6.2 L/yr 53% less
HDFC Life Branch Sales Manager Salary 2 - 12 years exp. (48 salaries)	₹2.5 L/yr - ₹10.5 L/yr 32% less
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Tata AIA Life Insurance Branch Sales Manager Salary 1 - 9 years exp. (34 salaries)	₹4 L/yr - ₹8.2 L/yr 26% less	1 job opening
Reliance Nippon Life Insurance Branch Sales Manager Salary 0 - 10 years exp. (16 salaries)	₹2.3 L/yr - ₹7 L/yr 57% less
Kotak Mahindara Life Insurance Branch Sales Manager Salary 0 - 8 years exp. (14 salaries)	₹3 L/yr - ₹7 L/yr 54% less	1 job opening
ICICI Prudential Life Insurance Branch Sales Manager Salary 0 - 12 years exp. (9 salaries)	₹4.8 L/yr - ₹11.8 L/yr 21% less
ICICI Lombard General Insurance Company Branch Sales Manager Salary 9 - 16 years exp. (7 salaries)	₹5.6 L/yr - ₹12 L/yr 11% less
Life Insurance Corporation of India Branch Sales Manager Salary 3 - 16 years exp. (6 salaries)	₹3 L/yr - ₹9.9 L/yr 31% less
HDFC Ergo General Insurance Branch Sales Manager Salary 4 - 18 years exp. (5 salaries)	₹3.7 L/yr - ₹11 L/yr 23% less
Axis Max Life Insurance Branch Sales Manager Salary 10 - 16 years exp. (4 salaries)	₹6 L/yr - ₹9 L/yr 9% less
Aditya Birla Sun Life Insurance Branch Sales Manager Salary 4 - 9 years exp. (4 salaries)	₹2.4 L/yr - ₹8.5 L/yr 49% less
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PNB MetLife Branch Sales Manager Salary 5 - 15 years exp. (4 salaries)	₹6.3 L/yr - ₹8 L/yr 23% less
Star Health & Allied Insurance Branch Sales Manager Salary 0 - 5 years exp. (4 salaries)	₹1.9 L/yr - ₹7 L/yr 58% less
Shriram Life Insurance Branch Sales Manager Salary 5 - 8 years exp. (3 salaries)	₹2.5 L/yr - ₹2.8 L/yr 71% less
Bajaj Allianz General Insurance Branch Sales Manager Salary 5 - 7 years exp. (3 salaries)	₹4 L/yr - ₹6 L/yr 46% less

Branch Sales Manager salary at SBI Life Insurance Company ranges between ₹5 Lakhs to ₹14.3 Lakhs per year for employees with experience between 6 years to 20 years. Salary estimates are based on 24 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Branch Sales Manager salaries

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹5 L/yr - ₹15.5 L/yr
7 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
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8 years (AmbitionBox Estimate)	₹5 L/yr - ₹15.7 L/yr
9 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10.1 L/yr
10 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹15.9 L/yr
11 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹12.2 L/yr
12 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹10.3 L/yr
13 years (3 salaries)	₹3.6 L/yr - ₹14.3 L/yr
14 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹10.7 L/yr
15+ years (13 salaries)	₹8.4 L/yr - ₹13 L/yr

View all

From

Branch Sales Manager

6 - 20 years exp.

Divisional Sales Manager

11 - 20 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 Sales Manager Salary

(17 salaries)

₹3.75 L/yr - ₹13.5 L/yr

Senior Sales Manager Salary

(4 salaries)

₹3.4 L/yr - ₹4.5 L/yr

Branch Manager Salary

(171 salaries)

₹6.5 L/yr - ₹16 L/yr

Sales Manager Salary

(87 salaries)

₹1.2 L/yr - ₹5.5 L/yr

Assistant Sales Manager Salary

(4 salaries)

₹1.88 L/yr - ₹8 L/yr

Area Manager Salary

(221 salaries)

₹4.6 L/yr - ₹14.26 L/yr

Business Manager Salary

(16 salaries)

₹5.1 L/yr - ₹7.25 L/yr

Senior Branch Manager Salary

(66 salaries)

₹9 L/yr - ₹18.5 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.8 L/yr

Branch Head Salary

(26 salaries)

₹6 L/yr - ₹15 L/yr

Top skills at SBI Life Insurance Company for Branch Sales Manager

Branch Management Branch Sales Sales Management Team Handling Insurance Sales Branch Handling Life Insurance Insurance Heading Profit Centre Business Management Tied Channel Compliance Management Business Strategy agency Branch Management

Salary related reviews for SBI Life Insurance Company

2.9

Rated by 17 employees for salary & benefits

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.

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,

Job security - Good

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.🙏

Salary - Bad

+3 more

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Shifting from Bangalore to Hyderabad

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SBI Life Insurance Company Branch Sales Manager Salary FAQs

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

The average salary of a Branch Sales Manager at SBI Life Insurance Company in India typically ranges from ₹5.0 Lakhs to ₹14.3 Lakhs per year, depending on experience (from 6 years to 20 years).

The top 10% of Branch Sales Manager at SBI Life Insurance Company earn more than ₹12.9 Lakhs per year, and the top 1% earn over ₹14.3 Lakhs per year. Branch Sales 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 20+ SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Branch Sales Manager at SBI Life Insurance Company in India typically ranges from ₹65,369 to ₹67,038 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹14.3 Lakhs per year for employees with experience ranging from 6 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 20+ 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 Sales Manager at SBI Life Insurance Company ?

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

- Branch Management
- Branch Sales
- Sales Management
- Team Handling
- Insurance Sales

These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.

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

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

Axis Max Life Insurance	₹6.0 Lakhs to ₹9.0 Lakhs per year
ICICI Lombard General Insurance Company	₹5.6 Lakhs to ₹12.0 Lakhs per year
ICICI Prudential Life Insurance	₹4.8 Lakhs to ₹11.8 Lakhs per year
HDFC Ergo General Insurance	₹3.7 Lakhs to ₹11.0 Lakhs per year
PNB MetLife	₹6.3 Lakhs to ₹8.0 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 Sales Manager at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
6 years	₹5.0 Lakhs to ₹15.5 Lakhs per year
7 years	₹7.8 Lakhs to ₹10.0 Lakhs per year
8 years	₹5.0 Lakhs to ₹15.7 Lakhs per year
9 years	₹7.9 Lakhs to ₹10.1 Lakhs per year

and so on.

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SBI Life Insurance Company Branch Sales Manager Salaries by Location

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SBI Life Insurance Company Branch Sales Manager Salaries

SBI Life Insurance Company Branch Sales Manager salary in India ranges between ₹5 Lakhs to ₹14.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 24 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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

Companies similar to SBI Life Insurance Company for Branch Sales Manager

Latest annual salaries shared by SBI Life Insurance Company Branch Sales Manager

Experience wise SBI Life Insurance Company Branch Sales Manager salaries

Similar Designation salaries in SBI Life Insurance Company

Top skills at SBI Life Insurance Company for Branch Sales Manager

Salary related reviews for SBI Life Insurance Company

Business Development Manager in Deoghar

Area Sales Manager in Vijayawada

Business Development Manager in Rajkot

Business Development Manager in Jaipur

Business Development Manager in Work Form Bank And Field

SBI Life Insurance Company Branch Sales Manager Salary FAQs

Tell us how to improve this page.

SBI Life Insurance Company Branch Sales Manager Salaries by Location