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

6 - 12 years exp.

₹4.4 Lakhs - ₹7.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

30% less than the average Deputy Branch Manager Salary in Insurance Companies for 6 - 12 years of experience

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Salaries in different departments

Sales & Business Development Deputy Branch Manager Salary 8 - 10 years exp. (AmbitionBox Estimate)	₹4.4 L/yr - ₹4.7 L/yr
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Finance & Accounting Deputy Branch Manager Salary 6 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.3 L/yr

Last Updated: 31 Jan 2025

Companies similar to Shriram Life Insurance for Deputy Branch Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Deputy Branch Manager Salary 6 - 14 years exp. (13 salaries)	₹5 L/yr - ₹8.5 L/yr 20% more
HDFC Life Deputy Branch Manager Salary 3 - 14 years exp. (7 salaries)	₹5 L/yr - ₹8 L/yr 20% more
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Kotak Mahindara Life Insurance Deputy Branch Manager Salary 3 - 6 years exp. (7 salaries)	₹3.2 L/yr - ₹4.5 L/yr 24% less
ICICI Prudential Life Insurance Deputy Branch Manager Salary 0 - 11 years exp. (5 salaries)	₹2.9 L/yr - ₹6 L/yr 21% less
Axis Max Life Insurance Deputy Branch Manager Salary 2 - 13 years exp. (5 salaries)	₹1 L/yr - ₹10 L/yr 3% more
Tata AIA Life Insurance Deputy Branch Manager Salary 3 - 13 years exp. (4 salaries)	₹7.2 L/yr - ₹8.5 L/yr 44% more
Aditya Birla Health Insurance Co Deputy Branch Manager Salary 2 - 6 years exp. (4 salaries)	₹4.8 L/yr - ₹5.5 L/yr 7% less
Reliance Nippon Life Insurance Deputy Branch Manager Salary 0 - 8 years exp. (3 salaries)	₹4 L/yr - ₹13 L/yr 68% more
Aditya Birla Sun Life Insurance Deputy Branch Manager Salary 3 - 13 years exp. (3 salaries)	₹6 L/yr - ₹6.8 L/yr 20% more
HDFC Ergo General Insurance Deputy Branch Manager Salary 3 - 6 years exp. (3 salaries)	₹4.3 L/yr - ₹6.1 L/yr 9% more

Deputy Branch Manager salary at Shriram Life Insurance ranges between ₹4.4 Lakhs to ₹7.5 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Shriram Life Insurance.

Experience wise Shriram Life Insurance Deputy Branch Manager salaries

Last Updated: 31 Jan 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
8 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
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10 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
12 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr

Similar Designation salaries in Shriram Life Insurance

Branch Manager Salary

(83 salaries)

₹2.2 L/yr - ₹9.5 L/yr

Deputy Manager Salary

(44 salaries)

₹4 L/yr - ₹10 L/yr

Assistant Branch Manager Salary

(22 salaries)

₹2.2 L/yr - ₹5.5 L/yr

Operations Manager Salary

(6 salaries)

₹2.6 L/yr - ₹10.13 L/yr

Relationship Manager Salary

(105 salaries)

₹1.82 L/yr - ₹6.25 L/yr

Sales Manager Salary

(112 salaries)

₹1.65 L/yr - ₹7 L/yr

Branch Head Salary

(16 salaries)

₹4.45 L/yr - ₹8.5 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.4 L/yr

Assistant Branch Head Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Senior Associate Salary

(14 salaries)

₹2.35 L/yr - ₹3.2 L/yr

Salary related reviews for Shriram Life Insurance

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

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

Skill development - Good

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.

Salary - Bad

+5 more

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.

Salary - Bad

+6 more

Accounts Receivable Executive in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

5.0

• posted on 02 May 2023

4.0

for Salary and Benefits

Likes

I like the work culture and friendly environment with each and every single people and cultural activities are good.

Salary - Good

+6 more

Dislikes

Salaries are less compared to other companies, so push HR in starting itself for ur salary and salary deductions are high these are he dislikes. I felt !

see more salary related reviews

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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Shriram Life Insurance Deputy Branch Manager Salary FAQs

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

The average salary of a Deputy Branch Manager at Shriram Life Insurance in India typically ranges from ₹4.4 Lakhs to ₹7.5 Lakhs per year, depending on experience (from 6 years to 12 years).

The top 10% of Deputy Branch Manager at Shriram Life Insurance earn more than ₹7.5 Lakhs per year, and the top 1% earn over ₹7.5 Lakhs per year. Deputy 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 4 Shriram Life Insurance employees in India.

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

The estimated take-home salary of a Deputy Branch Manager at Shriram Life Insurance in India typically ranges from ₹40,375 to ₹41,535 per month. This is based on the average salary range of ₹4.4 Lakhs to ₹7.5 Lakhs per year for employees with experience ranging from 6 years to 12 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 Shriram Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Shriram Life Insurance for Deputy Branch Manager in India?

Reliance Nippon Life Insurance	₹4.0 Lakhs to ₹13.0 Lakhs per year
Tata AIA Life Insurance	₹7.2 Lakhs to ₹8.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹6.0 Lakhs to ₹6.8 Lakhs per year
HDFC Life	₹5.0 Lakhs to ₹8.0 Lakhs per year
Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹8.5 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 Deputy Branch Manager in companies similar to Shriram Life Insurance in India?

The salary of a Deputy 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:

HDFC Ergo General Insurance	₹4.3 Lakhs to ₹6.1 Lakhs per year
Axis Max Life Insurance	₹1.0 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Health Insurance Co	₹4.8 Lakhs to ₹5.5 Lakhs per year
ICICI Prudential Life Insurance	₹2.9 Lakhs to ₹6.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.2 Lakhs to ₹4.5 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 Deputy Branch Manager at Shriram Life Insurance in India?

The salary growth for a Deputy Branch Manager at Shriram Life Insurance depends on factors such as experience, performance, and promotions. On average, a Deputy Branch Manager can expect the following growth trajectory at Shriram Life Insurance:

Experience	Average Salary Range
6 years	₹4.3 Lakhs to ₹5.5 Lakhs per year
8 years	₹4.0 Lakhs to ₹5.1 Lakhs per year
10 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
12 years	₹6.8 Lakhs to ₹8.6 Lakhs per year

and so on.

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Shriram Life Insurance Deputy Branch Manager Salaries

Shriram Life Insurance Deputy Branch Manager salary in India ranges between ₹4.4 Lakhs to ₹7.5 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.