Shriram Life Insurance Branch Development Manager Salaries by 4 Employees (Updated 2025)

5 - 6 years exp.

₹2.1 Lakhs - ₹3.3 Lakhs

Low Confidence

Salary of majority employees

44% less than the average Branch Development Manager Salary in Insurance Companies for 5 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Development Manager Salary 5 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹3.3 L/yr
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Sales & Business Development Branch Development Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3 L/yr

Last Updated: 27 Dec 2023

Companies similar to Shriram Life Insurance for Branch Development Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Branch Development Manager Salary 3 - 7 years exp. (11 salaries)	₹2.4 L/yr - ₹4 L/yr 11% more
SBI Life Insurance Company Branch Development Manager Salary 4 - 9 years exp. (47 salaries)	₹2.8 L/yr - ₹5.8 L/yr 50% more
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Max Life Insurance Branch Development Manager Salary 4 - 8 years exp. (5 salaries)	₹5.2 L/yr - ₹7 L/yr 118% more
Bajaj Allianz Life Insurance Branch Development Manager Salary 1 - 16 years exp. (5 salaries)	₹4.5 L/yr - ₹6 L/yr 89% more
Reliance Nippon Life Insurance Branch Development Manager Salary 3 - 12 years exp. (3 salaries)	₹4 L/yr - ₹5 L/yr 65% more
Aditya Birla Sun Life Insurance Branch Development Manager Salary 5 - 12 years exp. (5 salaries)	₹3.6 L/yr - ₹4.5 L/yr 39% more
SBI General Insurance Branch Development Manager Salary 3 - 8 years exp. (27 salaries)	₹2.5 L/yr - ₹4.5 L/yr 24% more
Care Health Insurance Branch Development Manager Salary 10 - 14 years exp. (8 salaries)	₹6.8 L/yr - ₹8.1 L/yr 150% more
Aditya Birla Health Insurance Co Branch Development Manager Salary 3 - 6 years exp. (4 salaries)	₹3.9 L/yr - ₹4.5 L/yr 49% more

Branch Development Manager salary at Shriram Life Insurance ranges between ₹2.1 Lakhs to ₹3.3 Lakhs per year for employees with experience between 5 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Shriram Life Insurance.

Experience wise Shriram Life Insurance Branch Development Manager salaries

Last Updated: 27 Dec 2023

Experience	Avg Annual Salary
5 years (3 salaries)	₹2.1 L/yr - ₹3.3 L/yr
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6 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.7 L/yr

Similar Designation salaries in Shriram Life Insurance

Business Development Manager Salary

(92 salaries)

₹2 L/yr - ₹5 L/yr

Branch Manager Salary

(69 salaries)

₹2.2 L/yr - ₹9.5 L/yr

Senior Business Development Manager Salary

(8 salaries)

₹2.7 L/yr - ₹4.2 L/yr

Area Sales Manager Salary

(17 salaries)

₹1.8 L/yr - ₹6 L/yr

Business Development Associate Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Senior Sales Manager Salary

(7 salaries)

₹2.5 L/yr - ₹8 L/yr

Marketing Manager Salary

(3 salaries)

₹2.75 L/yr - ₹4 L/yr

Area Business Manager Salary

(7 salaries)

₹2.4 L/yr - ₹7.2 L/yr

Deputy Manager Salary

(44 salaries)

₹4 L/yr - ₹10 L/yr

Business Development Executive Salary

(31 salaries)

₹1.35 L/yr - ₹4 L/yr

Salary related reviews for Shriram Life Insurance

5.0

Rated by 2 employees for salary & benefits

Sales Executive in Hyderabad / Secunderabad

Customer Service Department

1.0

• posted on 09 Mar 2021

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

... If my father is not well they are telling to get the sell from family members. They have told that If I sell the product the my family member then I will get my salary otherwise not see this is the company which is not at all employee centric it is only about their reputation and in terms of their reputation that are cheating their customers. So do not believe in this company please believe a trusted one.

Territory Manager in New Delhi

BFSI, Investments & Trading Department

4.0

• posted on 31 Jul 2020

3.0

for Salary and Benefits

Likes

Work culture here is pretty flexible which allows people to work at their own pace and conviniece. Company is not very aggresive in nature and has indeed helped all their junior and mid level employees by providing full compensation during lockdown. When it comes to management, they are bit shaken after covid...making drastic changes which is not welcomed by many.

Dislikes

Weak management. Worst paymaster in the industry and despite this they foucs immenly on cost cutting. Poor office infrastructure (branhces) expect the head office.

Tele Marketing Executive in Chennai

Full Time

Marketing & Communication Department

3.0

• posted on 19 Nov 2024

3.0

for Salary and Benefits

Likes

Sales business so... income is flexible according to your business

Dislikes

There are many dislikes.... 1. Salary was not credited by the correct date 2. There are no week off including Sunday working day 3.etc not recommended

Senior Business Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 07 Mar 2024

1.0

for Salary and Benefits

Likes

Nothing to like

Dislikes

Work culture horrible. HR is not bothered. They dont even respond to your calls .salary deduction is ver high .no security for your job they can remove you anytime.horrible company..even sundays they expect to work.

Unit Manager in Hubli

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 19 Jun 2023

1.0

for Salary and Benefits

Likes

There is not a single good things about Shriram life insurance Company. Its horrible place for work.

Dislikes

Reckless Boss, after joining 1st month salary provided after that No salary no response from HR, your attendance doesn't matters. If they wish then only you will get salary. One of the worst experience I had in 6months.

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Shriram Life Insurance Branch Development Manager Salary FAQs

What is the salary of Branch Development Manager at Shriram Life Insurance?

Branch Development Manager salary at Shriram Life Insurance in India ranges between ₹2.1 Lakhs to ₹3.3 Lakhs for experience between 5 years to 6 years. According to our estimates it is 44% less than the average Branch Development Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Shriram Life Insurance India.

How does the salary of a Branch Development Manager at Shriram Life Insurance India compare with the average salary range for this job?

The average salary of a Branch Development Manager at Shriram Life Insurance is 44% less than the average salary of a Branch Development Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Shriram Life Insurance to a Branch Development Manager in India?

Care Health Insurance Branch Development Manager Salary - ₹6.8 Lakhs to ₹8.1 Lakhs per year
Max Life Insurance Branch Development Manager Salary - ₹5.2 Lakhs to ₹7.0 Lakhs per year
Bajaj Allianz Life Insurance Branch Development Manager Salary - ₹4.5 Lakhs to ₹6.0 Lakhs per year
Reliance Nippon Life Insurance Branch Development Manager Salary - ₹4.0 Lakhs to ₹5.0 Lakhs per year
SBI Life Insurance Company Branch Development Manager Salary - ₹2.8 Lakhs to ₹5.8 Lakhs per year

What is the salary of a Branch Development Manager in companies similar to Shriram Life Insurance in India?

Aditya Birla Health Insurance Co Branch Development Manager Salary - ₹3.9 Lakhs to ₹4.5 Lakhs per year
Aditya Birla Sun Life Insurance Branch Development Manager Salary - ₹3.6 Lakhs to ₹4.5 Lakhs per year
SBI General Insurance Branch Development Manager Salary - ₹2.5 Lakhs to ₹4.5 Lakhs per year
HDFC Life Branch Development Manager Salary - ₹2.4 Lakhs to ₹4.0 Lakhs per year

What is the estimated take home salary of a Branch Development Manager at Shriram Life Insurance in India?

The estimated take-home salary of a Branch Development Manager at Shriram Life Insurance ranges between ₹19,775 per month to ₹21,442 per month in India. The take-home salary calculation is based on the average Shriram Life Insurance Branch Development Manager salary in India which ranges between ₹2.1 Lakhs to ₹3.3 Lakhs per year for employees with experience between 5 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Branch Development Manager at Shriram Life Insurance?

According to AmbitionBox, 67% of the Shriram Life Insurance Branch Development Managers reported a notice period of 15 days or less, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Shriram Life Insurance Branch Development Manager Salaries

Shriram Life Insurance Branch Development Manager salary in India ranges between ₹2.1 Lakhs to ₹3.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.