Smc Insurance Brokers Branch Manager Salaries by 4 Employees (Updated 2024)

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
Bajaj Allianz General Insurance Branch Manager Salary 5 - 13 years exp. (16 salaries)	₹4.3 L/yr - ₹12.5 L/yr 120% more
ICICI Lombard General Insurance Company Branch Manager Salary 5 - 18 years exp. (123 salaries)	₹5 L/yr - ₹13 L/yr 163% more	1 job opening
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HDFC Ergo General Insurance Branch Manager Salary 8 - 18 years exp. (207 salaries)	₹4.7 L/yr - ₹13.7 L/yr 172% more	2 job openings
Tata AIG Branch Manager Salary 7 - 16 years exp. (68 salaries)	₹4.8 L/yr - ₹12 L/yr 166% more
Reliance General Insurance Branch Manager Salary 9 - 19 years exp. (60 salaries)	₹5.2 L/yr - ₹16 L/yr 223% more
The New India Assurance Co. Branch Manager Salary 5 - 10 years exp. (12 salaries)	₹8 L/yr - ₹18.5 L/yr 359% more
Cholamandalam MS General Insurance Branch Manager Salary 4 - 14 years exp. (237 salaries)	₹2.9 L/yr - ₹8 L/yr 70% more
Shriram General Insurance Branch Manager Salary 5 - 15 years exp. (188 salaries)	₹3.2 L/yr - ₹8.5 L/yr 89% more
Aditya Birla Health Insurance Co Branch Manager Salary 5 - 16 years exp. (153 salaries)	₹6 L/yr - ₹11.5 L/yr 166% more
Future Generali India Life Insurance Branch Manager Salary 6 - 19 years exp. (121 salaries)	₹5 L/yr - ₹15.9 L/yr 178% more	2 job openings
Bharti AXA Life Insurance Branch Manager Salary 6 - 18 years exp. (81 salaries)	₹5 L/yr - ₹10.5 L/yr 137% more
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Edelweiss Life Insurance Branch Manager Salary 7 - 15 years exp. (67 salaries)	₹5.5 L/yr - ₹9 L/yr 114% more
Universal Sompo General Insurance Branch Manager Salary 10 - 17 years exp. (26 salaries)	₹8 L/yr - ₹14.2 L/yr 218% more
Pramerica Life Insurance Branch Manager Salary 6 - 17 years exp. (25 salaries)	₹6.5 L/yr - ₹11 L/yr 161% more
Ageas Federal Life Insurance Branch Manager Salary 8 - 22 years exp. (9 salaries)	₹8.5 L/yr - ₹12 L/yr 186% more
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
Digit Insurance Branch Manager Salary 7 - 12 years exp. (5 salaries)	₹9 L/yr - ₹11.3 L/yr 207% 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

(12 salaries)

₹5 L/yr - ₹7.9 L/yr

Sales Manager Salary

(7 salaries)

₹3.38 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

(37 salaries)

₹1.45 L/yr - ₹5.16 L/yr

Salary related reviews for Smc Insurance Brokers

4.8

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

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

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.

Dislikes

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

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.

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.

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.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Smc Insurance Brokers Branch Manager Salary FAQs

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

Branch Manager salary at Smc Insurance Brokers in India ranges between ₹2.4 Lakhs to ₹4.5 Lakhs for experience between 4 years to 7 years. According to our estimates it is 64% less than the average Branch Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Smc Insurance Brokers India.

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

The average salary of a Branch Manager at Smc Insurance Brokers is 64% less than the average salary of a Branch Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Smc Insurance Brokers to a Branch Manager in India?

The New India Assurance Co. Branch Manager Salary - ₹8.0 Lakhs to ₹18.5 Lakhs per year
Reliance General Insurance Branch Manager Salary - ₹5.2 Lakhs to ₹16.0 Lakhs per year
Universal Sompo General Insurance Branch Manager Salary - ₹8.0 Lakhs to ₹14.2 Lakhs per year
Digit Insurance Branch Manager Salary - ₹9.0 Lakhs to ₹11.3 Lakhs per year
Ageas Federal Life Insurance Branch Manager Salary - ₹8.5 Lakhs to ₹12.0 Lakhs per year

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

Future Generali India Life Insurance Branch Manager Salary - ₹5.0 Lakhs to ₹15.9 Lakhs per year
HDFC Ergo General Insurance Branch Manager Salary - ₹4.7 Lakhs to ₹13.7 Lakhs per year
Aditya Birla Health Insurance Co Branch Manager Salary - ₹6.0 Lakhs to ₹11.5 Lakhs per year
Tata AIG Branch Manager Salary - ₹4.8 Lakhs to ₹12.0 Lakhs per year
Vidal Health Tpa Branch Manager Salary - ₹7.5 Lakhs to ₹10.0 Lakhs per year

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 ranges between ₹24,019 per month to ₹25,473 per month in India. The take-home salary calculation is based on the average Smc Insurance Brokers Branch Manager salary in India which ranges between ₹2.4 Lakhs to ₹4.5 Lakhs per year for employees with experience between 4 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager at Smc Insurance Brokers?

According to AmbitionBox, 100% of the Smc Insurance Brokers Branch Managers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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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.