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SBI Life Insurance Company

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3.8

based on 4k Reviews

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SBI Life Insurance Company Senior Branch Manager salaries in Bhubaneswar

Annual salary range
15 - 21 years exp.
₹11 Lakhs - ₹14.3 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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14% more than the average Senior Branch Manager Salary in Insurance Companies for 15 - 21 years of experience

Interested in this particular role?

Last Updated: 7 Jun 2023

Companies similar to SBI Life Insurance Company for Senior Branch Manager in Bhubaneswar

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SBI Life Insurance Company Senior Branch Manager Salary

15 - 21 years exp. (4 salaries)
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₹11 L/yr - ₹14.3 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Prudential Life Insurance Senior Branch Manager Salary

10 - 15 years exp. (5 salaries)
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₹11.4 L/yr - ₹14 L/yr

arrow icon 5% less
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Bajaj Allianz Life Insurance Senior Branch Manager Salary

10 - 17 years exp. (5 salaries)
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₹7 L/yr - ₹13.5 L/yr

arrow icon 37% less
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HDFC Life Senior Branch Manager Salary

16 - 20 years exp. (4 salaries)
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₹11.3 L/yr - ₹14.7 L/yr

arrow icon 7% less
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ICICI Bank Senior Branch Manager Salary

11 - 17 years exp. (7 salaries)
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₹11 L/yr - ₹27 L/yr

arrow icon 23% more
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ECE Industries Senior Branch Manager Salary

12 - 16 years exp. (4 salaries)
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₹14 L/yr - ₹19.5 L/yr

arrow icon 15% more
Senior Branch Manager salary at SBI Life Insurance Company ranges between ₹11 Lakhs to ₹14.3 Lakhs per year for employees with experience between 15 years to 21 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 Senior Branch Manager in Bhubaneswar

1y ago
₹11.5 Lakhs
16 years exp.

Experience wise SBI Life Insurance Company Senior Branch Manager salaries in Bhubaneswar

Last Updated: 7 Jun 2023

Experience Avg Annual Salary
15+ years  (4 salaries)

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₹11 L/yr - ₹25.8 L/yr

Similar Designation salaries in SBI Life Insurance Company

Area Manager Salary
(11 salaries)
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₹6 L/yr - ₹10.07 L/yr
Territory Manager Salary
(5 salaries)
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₹4.75 L/yr - ₹5.5 L/yr
Branch Manager Salary
(4 salaries)
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₹7.1 L/yr - ₹13.5 L/yr

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.

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  • 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
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Discover interview dos and don'ts from real experiences

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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 Senior Branch Manager Salary FAQs

What is the salary of Senior Branch Manager at SBI Life Insurance Company in Bhubaneswar?
The average salary of a Senior Branch Manager at SBI Life Insurance Company in Bhubaneswar typically ranges from ₹11.0 Lakhs to ₹14.3 Lakhs per year, depending on experience (from 15 years to 21 years).

The top 10% of Senior Branch Manager in Bhubaneswar at SBI Life Insurance Company earn more than ₹14.3 Lakhs per year, and the top 1% earn over ₹14.3 Lakhs per year. Senior 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 Senior Branch Manager at SBI Life Insurance Company in Bhubaneswar?
The estimated take-home salary of a Senior Branch Manager at SBI Life Insurance Company in Bhubaneswar typically ranges from ₹98,615 to ₹1,01,292 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹14.3 Lakhs per year for employees with experience ranging from 15 years to 21 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.
Which companies offer higher salaries than SBI Life Insurance Company for Senior Branch Manager in India?
ICICI Bank ₹11.0 Lakhs to ₹27.0 Lakhs per year
ECE Industries ₹14.0 Lakhs to ₹19.5 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 Senior Branch Manager in companies similar to SBI Life Insurance Company in Bhubaneswar?
The salary of a Senior Branch Manager at companies similar to SBI Life Insurance Company in Bhubaneswar varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Prudential Life Insurance ₹11.4 Lakhs to ₹14.0 Lakhs per year
HDFC Life ₹11.3 Lakhs to ₹14.7 Lakhs per year
Bajaj Allianz Life Insurance ₹7.0 Lakhs to ₹13.5 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 Senior Branch Manager at SBI Life Insurance Company in Bhubaneswar?
The salary growth for a Senior Branch Manager at SBI Life Insurance Company in Bhubaneswar depends on factors such as experience, performance, and promotions. On average, a Senior Branch Manager in Bhubaneswar can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
15 years ₹11.0 Lakhs to ₹25.8 Lakhs per year
and so on.

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SBI Life Insurance Company Senior Branch Manager salary in Bhubaneswar ranges between ₹11 Lakhs to ₹14.3 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.