Shriram Life Insurance Branch Manager Salaries by 80+ Employees (Updated 2025)

5 - 16 years exp.

₹2.2 Lakhs - ₹9.5 Lakhs

Salary of majority employees

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37% less than the average Branch Manager Salary in Insurance Companies for 5 - 16 years of experience

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Salaries in different departments

Sales & Business Development Branch Manager Salary 6 - 16 years exp. (31 salaries)	Unlock ₹4.5 L/yr - ₹9.5 L/yr
BFSI, Investments & Trading Branch Manager Salary 5 - 16 years exp. (28 salaries)	Unlock ₹3.5 L/yr - ₹8 L/yr
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Marketing & Communication Branch Manager Salary 6 - 13 years exp. (10 salaries)	Unlock ₹2.2 L/yr - ₹8 L/yr

Last Updated: 1 Mar 2025

Companies similar to Shriram Life Insurance for Branch Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Branch Manager Salary 6 - 18 years exp. (262 salaries)	Unlock ₹5.3 L/yr - ₹12.5 L/yr 62% more
ICICI Prudential Life Insurance Branch Manager Salary 3 - 18 years exp. (315 salaries)	Unlock ₹6.3 L/yr - ₹18.8 L/yr 109% more
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Axis Max Life Insurance Branch Manager Salary 8 - 19 years exp. (139 salaries)	Unlock ₹7 L/yr - ₹14 L/yr 84% more	2 job openings
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 20 years exp. (134 salaries)	Unlock ₹4.5 L/yr - ₹12.9 L/yr 45% more
Tata AIA Life Insurance Branch Manager Salary 9 - 19 years exp. (156 salaries)	Unlock ₹5 L/yr - ₹17.7 L/yr 108% more	18 job openings
ICICI Lombard General Insurance Company Branch Manager Salary 5 - 17 years exp. (214 salaries)	Unlock ₹4.5 L/yr - ₹13 L/yr 54% more	3 job openings
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 18 years exp. (201 salaries)	Unlock ₹4.5 L/yr - ₹13.5 L/yr 56% more	1 job opening
Reliance Nippon Life Insurance Branch Manager Salary 7 - 20 years exp. (207 salaries)	Unlock ₹3.8 L/yr - ₹11.5 L/yr 31% more
HDFC Ergo General Insurance Branch Manager Salary 9 - 18 years exp. (194 salaries)	Unlock ₹4.7 L/yr - ₹14.5 L/yr 57% more
SBI Life Insurance Company Branch Manager Salary 7 - 24 years exp. (169 salaries)	Unlock ₹6.5 L/yr - ₹15.7 L/yr 86% more
Aditya Birla Health Insurance Co Branch Manager Salary 5 - 16 years exp. (160 salaries)	Unlock ₹6.5 L/yr - ₹12 L/yr 55% more
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Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 12 years exp. (111 salaries)	Unlock ₹4.5 L/yr - ₹11.3 L/yr 49% more
Star Health & Allied Insurance Branch Manager Salary 5 - 17 years exp. (236 salaries)	Unlock ₹4 L/yr - ₹11 L/yr 31% more	1 job opening
PNB MetLife Branch Manager Salary 8 - 20 years exp. (49 salaries)	Unlock ₹6.6 L/yr - ₹13.2 L/yr 68% more
Life Insurance Corporation of India Branch Manager Salary 15 - 31 years exp. (14 salaries)	Unlock ₹15.3 L/yr - ₹28 L/yr 193% more
Bajaj Allianz General Insurance Branch Manager Salary 5 - 13 years exp. (14 salaries)	Unlock ₹4.3 L/yr - ₹12.5 L/yr 30% more	6 job openings
The New India Assurance Co. Branch Manager Salary 5 - 10 years exp. (10 salaries)	Unlock ₹10 L/yr - ₹18.5 L/yr 173% more
SBI General Insurance Branch Manager Salary 7 - 12 years exp. (7 salaries)	Unlock ₹6.5 L/yr - ₹10.5 L/yr 36% more
United India Insurance Company Branch Manager Salary 4 - 10 years exp. (7 salaries)	Unlock ₹9 L/yr - ₹20 L/yr 170% more
The Oriental Insurance Co. Branch Manager Salary 9 - 30 years exp. (4 salaries)	Unlock ₹11.2 L/yr - ₹12.9 L/yr 122% 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 88 latest salaries received from various employees of Shriram Life Insurance.

Latest annual salaries shared by Shriram Life Insurance Branch Manager

1w ago

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13 years exp.

2w ago

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9 years exp.

2w ago

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5 years exp.

3w ago

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11 years exp.

1mo ago

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12 years exp.

1mo ago

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16 years exp.

1mo ago

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10 years exp.

1mo ago

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7 years exp.

1mo ago

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8 years exp.

1mo ago

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10 years exp.

Experience wise Shriram Life Insurance Branch Manager salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
5 years (3 salaries)	Unlock ₹4 L/yr - ₹9.5 L/yr
6 years (12 salaries)	Unlock ₹3.5 L/yr - ₹8 L/yr
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7 years (8 salaries)	Unlock ₹2.2 L/yr - ₹7.5 L/yr
8 years (9 salaries)	Unlock ₹3 L/yr - ₹6 L/yr
9 years (6 salaries)	Unlock ₹4.5 L/yr - ₹7.5 L/yr
10 years (13 salaries)	Unlock ₹3 L/yr - ₹9.5 L/yr
11 years (7 salaries)	Unlock ₹4.6 L/yr - ₹9 L/yr
12 years (8 salaries)	Unlock ₹5.3 L/yr - ₹8 L/yr
13 years (4 salaries)	Unlock ₹2.4 L/yr - ₹8.5 L/yr
14 years (7 salaries)	Unlock ₹4 L/yr - ₹8 L/yr
15+ years (11 salaries)	Unlock ₹4.7 L/yr - ₹7.5 L/yr

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Similar Designation salaries in Shriram Life Insurance

Area Manager Salary

(35 salaries)

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₹3.7 L/yr - ₹11 L/yr

Sales Manager Salary

(113 salaries)

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₹1.65 L/yr - ₹7 L/yr

Branch Incharge Salary

(4 salaries)

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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

Branch Sales Manager Salary

(3 salaries)

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₹2.5 L/yr - ₹2.75 L/yr

Senior Branch Manager Salary

(7 salaries)

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₹3.15 L/yr - ₹10.57 L/yr

Deputy Branch Manager Salary

(4 salaries)

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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 50 employees for salary & benefits

Relationship Manager in Hyderabad / Secunderabad

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.

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.

Skill development - Poor

+4 more

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.

Salary - Bad

+6 more

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.

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.

Promotions - Poor

Cluster Manager in Mirzapur

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.

Dislikes

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

Salary - Poor

+3 more

Senior Relationship Manager in Hyderabad / Secunderabad

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

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Shriram Life Insurance Branch Manager Salary FAQs

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

Branch Manager salary at Shriram Life Insurance in India ranges between ₹2.2 Lakhs to ₹9.5 Lakhs for experience between 5 years to 16 years. According to our estimates it is 37% less than the average Branch Manager Salary in India. Salary estimates are based on 88 latest salaries received from various employees of Shriram Life Insurance India.

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

The average salary of a Branch Manager at Shriram Life Insurance is 37% less than the average salary of a Branch Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Branch Manager at Shriram Life Insurance?

Life Insurance, Team Handling, Branch Management, Branch Handling and Agency Channel are some of the popular skills required to work as a Branch Manager at Shriram Life Insurance India.

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

Life Insurance Corporation of India Branch Manager Salary - ₹15.3 Lakhs to ₹28.0 Lakhs per year
The New India Assurance Co. Branch Manager Salary - ₹10.0 Lakhs to ₹18.5 Lakhs per year
United India Insurance Company Branch Manager Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
The Oriental Insurance Co. Branch Manager Salary - ₹11.2 Lakhs to ₹12.9 Lakhs per year
ICICI Prudential Life Insurance Branch Manager Salary - ₹6.3 Lakhs to ₹18.8 Lakhs per year

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

Tata AIA Life Insurance Branch Manager Salary - ₹5.0 Lakhs to ₹17.7 Lakhs per year
SBI Life Insurance Company Branch Manager Salary - ₹6.5 Lakhs to ₹15.7 Lakhs per year
Axis Max Life Insurance Branch Manager Salary - ₹7.0 Lakhs to ₹14.0 Lakhs per year
PNB MetLife Branch Manager Salary - ₹6.6 Lakhs to ₹13.2 Lakhs per year
HDFC Life Branch Manager Salary - ₹5.3 Lakhs to ₹12.5 Lakhs per year

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 ranges between ₹43,942 per month to ₹45,049 per month in India. The take-home salary calculation is based on the average Shriram Life Insurance Branch Manager salary in India which ranges between ₹2.2 Lakhs to ₹9.5 Lakhs per year for employees with experience between 5 years to 16 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 42% of the Shriram Life Insurance Branch Managers reported a notice period of 1 Month, 30% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 104 responses on AmbitionBox in last 2 years.

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Shriram Life Insurance Branch Manager Salaries by Location

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Shriram Life Insurance Branch Manager Salaries

Shriram Life Insurance Branch Manager salary in India ranges between ₹2.2 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 88 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.

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

Companies similar to Shriram Life Insurance for Branch Manager

Latest annual salaries shared by Shriram Life Insurance Branch Manager

Experience wise Shriram Life Insurance Branch Manager salaries

Similar Designation salaries in Shriram Life Insurance

Top skills at Shriram Life Insurance for Branch Manager

Salary related reviews for Shriram Life Insurance

Relationship Manager in Hyderabad / Secunderabad

Sales Executive in Hyderabad / Secunderabad

Territory Manager in New Delhi

Cluster Manager in Mirzapur

Senior Relationship Manager in Hyderabad / Secunderabad

Shriram Life Insurance Branch Manager Salary FAQs

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Shriram Life Insurance Branch Manager Salaries by Location