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Shriram Life Insurance Branch Manager salaries in India (Updated 2025)

Annual salary range
5 - 16 years exp.
₹2.2 Lakhs - ₹9.5 Lakhs
Salary of majority employees
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38% less than the average Branch Manager Salary in Insurance Companies for 5 - 16 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Sales & Business Development
Branch Manager Salary
6 - 16 years exp. (32 salaries)
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₹4.5 L/yr - ₹9.5 L/yr

BFSI, Investments & Trading
Branch Manager Salary
5 - 16 years exp. (31 salaries)
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₹3.5 L/yr - ₹9 L/yr

Marketing & Communication
Branch Manager Salary
6 - 13 years exp. (10 salaries)
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₹2.2 L/yr - ₹8 L/yr

Last Updated: 20 Mar 2025

Companies similar to Shriram Life Insurance for Branch Manager

Company name Avg Annual Salary Open Jobs
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₹6.3 L/yr - ₹18.8 L/yr

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HDFC Life Branch Manager Salary

6 - 18 years exp. (260 salaries)

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₹5.3 L/yr - ₹12.5 L/yr

arrow icon 62% more
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₹4 L/yr - ₹11 L/yr

arrow icon 30% more
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₹4.5 L/yr - ₹13 L/yr

arrow icon 55% more
3 job openings
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₹5 L/yr - ₹13 L/yr

arrow icon 53% more
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₹4.7 L/yr - ₹14.5 L/yr

arrow icon 59% more
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₹3.8 L/yr - ₹11.5 L/yr

arrow icon 32% more
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SBI Life Insurance Company Branch Manager Salary

7 - 24 years exp. (171 salaries)

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₹6.5 L/yr - ₹16 L/yr

arrow icon 92% more
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Tata AIA Life Insurance Branch Manager Salary

8 - 20 years exp. (169 salaries)

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₹5 L/yr - ₹17.7 L/yr

arrow icon 112% more
13 job openings
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₹5 L/yr - ₹12 L/yr

arrow icon 54% more
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Axis Max Life Insurance Branch Manager Salary

8 - 19 years exp. (140 salaries)

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₹7 L/yr - ₹14 L/yr

arrow icon 85% more
4 job openings
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₹4.5 L/yr - ₹12.1 L/yr

arrow icon 50% more
5 job openings
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₹4.5 L/yr - ₹11.3 L/yr

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PNB MetLife Branch Manager Salary

8 - 20 years exp. (49 salaries)

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₹6.6 L/yr - ₹13.2 L/yr

arrow icon 69% more
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₹9.7 L/yr - ₹31 L/yr

arrow icon 202% more
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₹4.3 L/yr - ₹12.1 L/yr

arrow icon 32% more
5 job openings
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₹10 L/yr - ₹18.5 L/yr

arrow icon 175% more
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SBI General Insurance Branch Manager Salary

7 - 12 years exp. (7 salaries)

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₹6.5 L/yr - ₹10.5 L/yr

arrow icon 37% more
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₹9 L/yr - ₹20 L/yr

arrow icon 172% more
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₹11.2 L/yr - ₹12.9 L/yr

arrow icon 124% more
Branch Manager salary at Shriram Life Insurance ranges between ₹2.2 Lakhs to ₹9.5 Lakhs per year for employees with experience between 5 years to 16 years. Salary estimates are based on 92 latest salaries received from various employees of Shriram Life Insurance.

Latest annual salaries shared by Shriram Life Insurance Branch Manager

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Experience wise Shriram Life Insurance Branch Manager salaries

Last Updated: 20 Mar 2025

Experience Avg Annual Salary
5 years  (3 salaries)

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₹4 L/yr - ₹9.5 L/yr
6 years  (13 salaries)

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₹3.5 L/yr - ₹9 L/yr
7 years  (8 salaries)

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₹2.2 L/yr - ₹7.5 L/yr
8 years  (10 salaries)

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₹3 L/yr - ₹8.5 L/yr
9 years  (6 salaries)

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₹4.5 L/yr - ₹7.5 L/yr
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Similar Designation salaries in Shriram Life Insurance

Area Manager Salary
(44 salaries)
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₹3.7 L/yr - ₹11 L/yr
Sales Manager Salary
(112 salaries)
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₹1.65 L/yr - ₹7 L/yr
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₹2 L/yr - ₹2.6 L/yr
Branch Head Salary
(17 salaries)
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₹4.45 L/yr - ₹7.7 L/yr
Deputy Manager Salary
(44 salaries)
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₹4 L/yr - ₹10 L/yr
Chief Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr
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₹2.5 L/yr - ₹2.75 L/yr
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₹3.15 L/yr - ₹10.57 L/yr
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₹4.4 L/yr - ₹7.5 L/yr
Cluster Manager Salary
(21 salaries)
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₹3.8 L/yr - ₹6.5 L/yr

Top skills at Shriram Life Insurance for Branch Manager

Life Insurance Team Handling Branch Management Branch Handling Agency Channel Team Handling Agency Management Sales Team Leading Agency Sales Bfsi Sales Cross Selling Salesforce Insurance Sales agency

Salary related reviews for Shriram Life Insurance

3.3

Rated by 53 employees for salary & benefits

Full Time

 · 

Strategic & Top Management Department

1.0
  •  posted on 22 Feb 2025

3.0
 for  Salary and Benefits

Likes

The only thing I like about Shriram Life insurance is the good incentive and the salary package. That’s it.

read more

Dislikes

The job satisfaction is very poor. I don’t even like to walk there and the top management is very rude and very arrogant. They don’t even understand the situation of an employees few days ago. My father was very serious in the hospital. I have informed the authority that I am taking leave. It was total of five days of leave. Even after I informed, even after I told him that it was an emergency. My father‘s condition is not good. Still there spoke to me very rudely and very arrogantly. Fine, they told me to resign. I mean family emergencies should be considered as Reasonable right thinking to join Shriram Life insurance. I would suggest them to not join if you are totally focused and experienced in life insurance industry. If you have business, if you have clients then okay, you can go for it, but still, you will face such situations.

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  • Skill development - Poor
  • +4 more

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.

read more
  • Salary - Bad
  • +6 more

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.

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  • Job security - Good
  • +2 more

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.

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  • Promotions - Poor

Sales Department

3.0
  •  posted on 18 Oct 2020

2.0
 for  Salary and Benefits

Likes

...tly. No appraisal this year. Compensation should be more as per work and labour. Very less salary.

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Dislikes

Salary must be at par as per the designation compare to other companies

  • Salary - Poor
  • +3 more

Human Resources Department

1.0
  •  posted on 13 Feb 2022

1.0
 for  Salary and Benefits

Likes

Nothing, it was the worst experience for me and when it comes growth , so there is no career growth in this company

Dislikes

Nothing one of the poor company with less benefits in increment , bonus and salary too, very poor culture, use bad language with employees, shows there partiality, politics is there, don’t provide transportation after 5:30 and many more

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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Shriram Life Insurance Branch Manager Salary FAQs

What is the salary of Branch Manager at Shriram Life Insurance ?
The average salary of a Branch Manager at Shriram Life Insurance in India typically ranges from ₹2.2 Lakhs to ₹9.5 Lakhs per year, depending on experience (from 5 years to 16 years).

The top 10% of Branch Manager at Shriram Life Insurance earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹9.3 Lakhs per year. Branch Manager Salaries at Shriram Life Insurance 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 90+ Shriram Life Insurance employees in India.
What is the estimated take home salary of a Branch Manager at Shriram Life Insurance in India?
The estimated take-home salary of a Branch Manager at Shriram Life Insurance in India typically ranges from ₹43,534 to ₹44,646 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹9.5 Lakhs per year for employees with experience ranging from 5 years to 16 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 90+ salaries received from various employees of Shriram Life Insurance. 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 Shriram Life Insurance ?
To be a Branch Manager at Shriram Life Insurance in india, the key skills required include:

  • - Life Insurance
  • - Team Handling
  • - Branch Management
  • - Branch Handling
  • - Agency Channel

These skills are highly valued at Shriram Life Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Shriram Life Insurance for Branch Manager in India?
Life Insurance Corporation of India ₹9.7 Lakhs to ₹31.0 Lakhs per year
The New India Assurance Co. ₹10.0 Lakhs to ₹18.5 Lakhs per year
United India Insurance Company ₹9.0 Lakhs to ₹20.0 Lakhs per year
The Oriental Insurance Co. ₹11.2 Lakhs to ₹12.9 Lakhs per year
ICICI Prudential Life Insurance ₹6.3 Lakhs to ₹18.8 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Shriram Life Insurance, depending on the role and experience level.
What is the salary of a Branch Manager in companies similar to Shriram Life Insurance in India?
The salary of a Branch Manager at companies similar to Shriram Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata AIA Life Insurance ₹5.0 Lakhs to ₹17.7 Lakhs per year
SBI Life Insurance Company ₹6.5 Lakhs to ₹16.0 Lakhs per year
Axis Max Life Insurance ₹7.0 Lakhs to ₹14.0 Lakhs per year
PNB MetLife ₹6.6 Lakhs to ₹13.2 Lakhs per year
HDFC Life ₹5.3 Lakhs to ₹12.5 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 Branch Manager at Shriram Life Insurance in India?
The salary growth for a Branch Manager at Shriram Life Insurance depends on factors such as experience, performance, and promotions. On average, a Branch Manager can expect the following growth trajectory at Shriram Life Insurance:

Experience Average Salary Range
5 years ₹4.0 Lakhs to ₹9.5 Lakhs per year
6 years ₹3.5 Lakhs to ₹9.0 Lakhs per year
7 years ₹2.2 Lakhs to ₹7.5 Lakhs per year
8 years ₹3.0 Lakhs to ₹8.5 Lakhs per year
and so on.

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Shriram Life Insurance Branch Manager salary in India ranges between ₹2.2 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 92 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.