Smc Insurance Brokers Branch Manager Salaries by 4 Employees

4 - 7 years exp.

₹2.4 Lakhs - ₹4.5 Lakhs

Salary of majority employees

64% less than the average Branch Manager Salary in Insurance Companies for 4 - 7 years of experience

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Salaries in different departments

Sales & Business Development Branch Manager Salary 4 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.5 L/yr
BFSI, Investments & Trading Branch Manager Salary 4 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5 L/yr
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Customer Success, Service & Operations Branch Manager Salary 7 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.6 L/yr

Last Updated: 14 Mar 2023

Companies similar to Smc Insurance Brokers for Branch Manager

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance Branch Manager Salary 3 - 10 years exp. (205 salaries)	₹2.9 L/yr - ₹8.8 L/yr 64% more
Shriram General Insurance Branch Manager Salary 6 - 15 years exp. (173 salaries)	₹3.2 L/yr - ₹8.5 L/yr 94% more
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Aditya Birla Health Insurance Co Branch Manager Salary 5 - 16 years exp. (158 salaries)	₹5 L/yr - ₹12 L/yr 170% more
Future Generali India Life Insurance Branch Manager Salary 7 - 19 years exp. (114 salaries)	₹5 L/yr - ₹16.3 L/yr 196% more	2 job openings
Bharti AXA Life Insurance Branch Manager Salary 7 - 18 years exp. (72 salaries)	₹5 L/yr - ₹12 L/yr 147% more
Edelweiss Life Insurance Branch Manager Salary 8 - 14 years exp. (50 salaries)	₹5.7 L/yr - ₹8.5 L/yr 112% more
Universal Sompo General Insurance Branch Manager Salary 10 - 17 years exp. (26 salaries)	₹8 L/yr - ₹14.2 L/yr 218% more
Mahindra Insurance Brokers Branch Manager Salary 5 - 14 years exp. (24 salaries)	₹4.2 L/yr - ₹6.5 L/yr 57% more
Pramerica Life Insurance Branch Manager Salary 6 - 19 years exp. (21 salaries)	₹6.5 L/yr - ₹11 L/yr 153% more
Ageas Federal Life Insurance Branch Manager Salary 8 - 22 years exp. (11 salaries)	₹7 L/yr - ₹12 L/yr 195% more
IndiaFirst Life Insurance Branch Manager Salary 6 - 18 years exp. (6 salaries)	₹4.2 L/yr - ₹7.5 L/yr 74% more
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Kotak Mahindra General Insurance Branch Manager Salary 7 - 15 years exp. (6 salaries)	₹6.5 L/yr - ₹8.3 L/yr 119% more
Medi Assist India Branch Manager Salary 7 - 13 years exp. (6 salaries)	₹4.3 L/yr - ₹13.6 L/yr 138% more
Aegon Life Insurance Branch Manager Salary 10 - 13 years exp. (5 salaries)	₹5.1 L/yr - ₹13.2 L/yr 145% more
Raksha TPA Branch Manager Salary 11 - 14 years exp. (3 salaries)	₹14 L/yr - ₹17.1 L/yr 363% more
Vidal Health Tpa Branch Manager Salary 9 - 15 years exp. (3 salaries)	₹7.5 L/yr - ₹10 L/yr 164% more

Branch Manager salary at Smc Insurance Brokers ranges between ₹2.4 Lakhs to ₹4.5 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Smc Insurance Brokers.

Experience wise Smc Insurance Brokers Branch Manager salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
4 years (3 salaries)	₹2.4 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
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6 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
7 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.3 L/yr

Similar Designation salaries in Smc Insurance Brokers

Area Manager Salary

(9 salaries)

₹5 L/yr - ₹6.5 L/yr

Sales Manager Salary

(7 salaries)

₹3.37 L/yr - ₹5 L/yr

Branch Head Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹7 L/yr - ₹9 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

₹14.5 L/yr - ₹18.5 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Operations Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Area Sales Manager Salary

(6 salaries)

₹5.45 L/yr - ₹8.2 L/yr

Territory Manager Salary

(AmbitionBox Estimate)

₹4.8 L/yr - ₹6.1 L/yr

Relationship Manager Salary

(36 salaries)

₹1.45 L/yr - ₹5.16 L/yr

Salary related reviews for Smc Insurance Brokers

4.7

Rated by 2 employees for salary & benefits

Area Manager in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 14 Jul 2023

1.0

for Salary and Benefits

Likes

Disgusting company h....meri salary kha gyi... disgusting company to work ever...Rahul Mittal name ka cheated man h company m RH bna baitha h...Sabki salry kha jatah....neech admi h ...Rahul Mittal...dont work ever here...

Dislikes

Disgusting ever company. Dont paid salry ever.false commitment and cheated people upper HR and ceo cmd and RH all... disgusting people

Salary - Bad

+6 more

Area Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 04 Feb 2023

2.0

for Salary and Benefits

Likes

Nothing Worth Mentioning Salary On Time Only

Dislikes

No Job Security Before Completing Probation They Will Seperate One Employee Stating Productivity Issue For The Sake Of GMC and GPA Coverage Post Probation And Notice Period 60 Days No On Job Training No Clarity On Months Target No KPI No Incentive For Sales People No Contest, RNR For Agents and Intermediary

Salary - Poor

+6 more

Sales Executive in Noida

Other Department

5.0

• posted on 01 Nov 2018

2.0

for Salary and Benefits

Likes

According my experince,best managent of smc insurance company.and senior behive like a friend.

Promotions - Good

Dislikes

compensation is decent,but growth is slow.i completed my target every month but i am not promoted.this is fact of company.....

Salary - Poor

+4 more

Team Lead in Noida

Full Time

Engineering - Software & QA Department

4.0

• posted on 18 Oct 2023

5.0

for Salary and Benefits

Likes

Gives chance to freshers. Salary in time. Give opportunities to grow.

Salary - Excellent

+6 more

Dislikes

There is scope of improvement in every company so is with SMC insurance. They need improvement in team structure and need to work on how to priorities the task.

Back Office Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 29 Oct 2022

1.0

for Salary and Benefits

Likes

Nothing.

Work-life balance - Good

Dislikes

...ve my 7 precious year but no recognition at all. Even director does't know me. Company not providing better salary. Seniors are cheap minded. They can't see u grow within or outside the organisation. Well, i left from here and much more satisfied where i am right now.

Salary - Bad

+3 more

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Smc Insurance Brokers Branch Manager Salary FAQs

What is the salary of Branch Manager at Smc Insurance Brokers ?

The average salary of a Branch Manager at Smc Insurance Brokers in India typically ranges from ₹2.4 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 4 years to 7 years).

The top 10% of Branch Manager at Smc Insurance Brokers earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Branch Manager Salaries at Smc Insurance Brokers 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 Smc Insurance Brokers employees in India.

What is the estimated take home salary of a Branch Manager at Smc Insurance Brokers in India?

The estimated take-home salary of a Branch Manager at Smc Insurance Brokers in India typically ranges from ₹24,019 to ₹25,473 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 4 years to 7 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 Smc Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Smc Insurance Brokers for Branch Manager in India?

Raksha TPA	₹14.0 Lakhs to ₹17.1 Lakhs per year
Universal Sompo General Insurance	₹8.0 Lakhs to ₹14.2 Lakhs per year
Future Generali India Life Insurance	₹5.0 Lakhs to ₹16.3 Lakhs per year
Ageas Federal Life Insurance	₹7.0 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Health Insurance Co	₹5.0 Lakhs to ₹12.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Smc Insurance Brokers, depending on the role and experience level.

What is the salary of a Branch Manager in companies similar to Smc Insurance Brokers in India?

The salary of a Branch Manager at companies similar to Smc Insurance Brokers in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Vidal Health Tpa	₹7.5 Lakhs to ₹10.0 Lakhs per year
Pramerica Life Insurance	₹6.5 Lakhs to ₹11.0 Lakhs per year
Bharti AXA Life Insurance	₹5.0 Lakhs to ₹12.0 Lakhs per year
Aegon Life Insurance	₹5.1 Lakhs to ₹13.2 Lakhs per year
Medi Assist India	₹4.3 Lakhs to ₹13.6 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 Smc Insurance Brokers in India?

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

Experience	Average Salary Range
4 years	₹2.4 Lakhs to ₹4.5 Lakhs per year
5 years	₹3.1 Lakhs to ₹3.9 Lakhs per year
6 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
7 years	₹1.2 Lakhs to ₹3.3 Lakhs per year

and so on.

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Smc Insurance Brokers Branch Manager Salaries

Smc Insurance Brokers Branch Manager salary in India ranges between ₹2.4 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Smc Insurance Brokers latest salaries received from various employees of Smc Insurance Brokers.