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SBI Life Insurance Company

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3.8

based on 3.9k Reviews

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SBI Life Insurance Company Branch Sales Manager salaries in Chennai

Annual salary range
11 - 20 years exp.
₹8.4 Lakhs - ₹13 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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22% more than the average Branch Sales Manager Salary in Insurance Companies for 11 - 20 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Branch Sales Manager Salary
11 - 17 years exp. (AmbitionBox Estimate)
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₹8.4 L/yr - ₹11.7 L/yr

BFSI, Investments & Trading
Branch Sales Manager Salary
20 years exp. (AmbitionBox Estimate)
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₹9.2 L/yr - ₹13 L/yr

Last Updated: 21 Sep 2024

Companies similar to SBI Life Insurance Company for Branch Sales Manager in Chennai

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SBI Life Insurance Company Branch Sales Manager Salary

11 - 20 years exp. (4 salaries)
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₹8.4 L/yr - ₹13 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Bajaj Allianz Life Insurance Branch Sales Manager Salary

2 - 6 years exp. (7 salaries)
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₹3 L/yr - ₹5.2 L/yr

arrow icon 54% less
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HDFC Life Branch Sales Manager Salary

6 - 12 years exp. (6 salaries)
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₹6.3 L/yr - ₹7.9 L/yr

arrow icon 19% less
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Tata AIA Life Insurance Branch Sales Manager Salary

4 - 9 years exp. (4 salaries)
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₹5.2 L/yr - ₹7 L/yr

arrow icon 27% less
 1 job opening
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ICICI Bank Branch Sales Manager Salary

1 - 14 years exp. (67 salaries)
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₹3.3 L/yr - ₹12 L/yr

arrow icon 18% less
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Axis Bank Branch Sales Manager Salary

2 - 15 years exp. (56 salaries)
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₹3 L/yr - ₹10.3 L/yr

arrow icon 24% less
 3 job openings
Branch Sales Manager salary at SBI Life Insurance Company ranges between ₹8.4 Lakhs to ₹13 Lakhs per year for employees with experience between 11 years to 20 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company.

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

6mo ago
₹8.4 Lakhs
17 years exp.
7mo ago
₹10 Lakhs
12 years exp.
1y ago
₹13 Lakhs
20 years exp.

Experience wise SBI Life Insurance Company Branch Sales Manager salaries in Chennai

Last Updated: 21 Sep 2024

Experience Avg Annual Salary
11 years (AmbitionBox Estimate)

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₹8 L/yr - ₹10.2 L/yr
12 years (AmbitionBox Estimate)

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₹8 L/yr - ₹10.2 L/yr
13 years (AmbitionBox Estimate)

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₹8.1 L/yr - ₹10.3 L/yr
14 years (AmbitionBox Estimate)

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₹8.1 L/yr - ₹10.3 L/yr
15+ years (AmbitionBox Estimate)

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₹8.3 L/yr - ₹10.5 L/yr
SBI Life Insurance Company Branch Sales Manager Salary and Career Growth

From

To

Branch Sales Manager

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6 - 20 years exp.

Divisional Sales Manager

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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 Manager Salary
(13 salaries)
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₹6.71 L/yr - ₹13 L/yr
Senior Branch Manager Salary
(4 salaries)
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₹10 L/yr - ₹12 L/yr
Sales Manager Salary
(3 salaries)
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₹2.1 L/yr - ₹4.75 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

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.

read more
  • 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.

read more

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

read more
  • 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.

read more
  • 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.

read more

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.🙏

read more
  • Salary - Bad
    • +3 more
see more salary related reviews

Discover interview dos and don'ts from real experiences

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 Sales Manager Salary FAQs

What is the salary of Branch Sales Manager at SBI Life Insurance Company in Chennai?
The average salary of a Branch Sales Manager at SBI Life Insurance Company in Chennai typically ranges from ₹8.4 Lakhs to ₹13.0 Lakhs per year, depending on experience (from 11 years to 20 years).

The top 10% of Branch Sales Manager in Chennai at SBI Life Insurance Company earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹13.0 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 4 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 Chennai?
The estimated take-home salary of a Branch Sales Manager at SBI Life Insurance Company in Chennai typically ranges from ₹65,267 to ₹66,933 per month. This is based on the average salary range of ₹8.4 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from 11 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 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 Sales Manager at SBI Life Insurance Company in Chennai?
To be a Branch Sales Manager at SBI Life Insurance Company in Chennai, 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 Chennai?
The salary of a Branch Sales Manager at companies similar to SBI Life Insurance Company in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Bank ₹3.3 Lakhs to ₹12.0 Lakhs per year
HDFC Life ₹6.3 Lakhs to ₹7.9 Lakhs per year
Axis Bank ₹3.0 Lakhs to ₹10.3 Lakhs per year
Tata AIA Life Insurance ₹5.2 Lakhs to ₹7.0 Lakhs per year
Bajaj Allianz Life Insurance ₹3.0 Lakhs to ₹5.2 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 Chennai?
The salary growth for a Branch Sales Manager at SBI Life Insurance Company in Chennai depends on factors such as experience, performance, and promotions. On average, a Branch Sales Manager in Chennai can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
11 years ₹8.0 Lakhs to ₹10.2 Lakhs per year
12 years ₹8.0 Lakhs to ₹10.2 Lakhs per year
13 years ₹8.1 Lakhs to ₹10.3 Lakhs per year
14 years ₹8.1 Lakhs to ₹10.3 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Branch Sales Manager salary in Chennai ranges between ₹8.4 Lakhs to ₹13 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.