Star Health & Allied Insurance Branch Sales Manager Salaries by 4 Employees

0 - 4 years exp.

₹1.9 Lakh - ₹7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

46% less than the average Branch Sales Manager Salary in Insurance Companies for 0 - 4 years of experience

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Last Updated: 16 Jun 2023

Companies similar to Star Health & Allied Insurance for Branch Sales Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Branch Sales Manager Salary 2 - 9 years exp. (166 salaries)	₹2.6 L/yr - ₹6.2 L/yr 17% more
HDFC Life Branch Sales Manager Salary 6 - 12 years exp. (42 salaries)	₹5 L/yr - ₹10.5 L/yr 97% more
Login to view exact salary
Tata AIA Life Insurance Branch Sales Manager Salary 1 - 9 years exp. (34 salaries)	₹4 L/yr - ₹8.2 L/yr 78% more	1 job opening
SBI Life Insurance Company Branch Sales Manager Salary 6 - 20 years exp. (24 salaries)	₹5 L/yr - ₹14.3 L/yr 140% more
Reliance Nippon Life Insurance Branch Sales Manager Salary 0 - 10 years exp. (16 salaries)	₹2.3 L/yr - ₹7 L/yr 4% more
Kotak Mahindara Life Insurance Branch Sales Manager Salary 0 - 8 years exp. (14 salaries)	₹3 L/yr - ₹7 L/yr 19% more	1 job opening
ICICI Prudential Life Insurance Branch Sales Manager Salary 0 - 12 years exp. (9 salaries)	₹4.8 L/yr - ₹11.8 L/yr 90% more
ICICI Lombard General Insurance Company Branch Sales Manager Salary 9 - 16 years exp. (7 salaries)	₹5.6 L/yr - ₹12 L/yr 113% more
Life Insurance Corporation of India Branch Sales Manager Salary 3 - 16 years exp. (6 salaries)	₹3 L/yr - ₹9.9 L/yr 67% more
HDFC Ergo General Insurance Branch Sales Manager Salary 4 - 18 years exp. (5 salaries)	₹3.7 L/yr - ₹11 L/yr 86% more
Axis Max Life Insurance Branch Sales Manager Salary 10 - 16 years exp. (4 salaries)	₹6 L/yr - ₹9 L/yr 118% more
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Aditya Birla Sun Life Insurance Branch Sales Manager Salary 4 - 9 years exp. (4 salaries)	₹2.4 L/yr - ₹8.5 L/yr 23% more
PNB MetLife Branch Sales Manager Salary 5 - 15 years exp. (4 salaries)	₹6.3 L/yr - ₹8 L/yr 86% more
Shriram Life Insurance Branch Sales Manager Salary 5 - 8 years exp. (3 salaries)	₹2.5 L/yr - ₹2.8 L/yr 29% less
Bajaj Allianz General Insurance Branch Sales Manager Salary 5 - 7 years exp. (3 salaries)	₹4 L/yr - ₹6 L/yr 30% more

Branch Sales Manager salary at Star Health & Allied Insurance ranges between ₹1.9 Lakh to ₹7 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Star Health & Allied Insurance.

Experience wise Star Health & Allied Insurance Branch Sales Manager salaries

Last Updated: 16 Jun 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
1 year (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
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4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr

Similar Designation salaries in Star Health & Allied Insurance

Area Sales Manager Salary

(4 salaries)

₹4.8 L/yr - ₹9.5 L/yr

Senior Sales Manager Salary

(70 salaries)

₹2.86 L/yr - ₹10.2 L/yr

Branch Manager Salary

(112 salaries)

₹4 L/yr - ₹11.7 L/yr

Sales Manager Salary

(240 salaries)

₹0.6 L/yr - ₹6 L/yr

Assistant Sales Manager Salary

(21 salaries)

₹0.8 L/yr - ₹4 L/yr

Area Manager Salary

(47 salaries)

₹5.71 L/yr - ₹22 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹3.9 L/yr - ₹4.9 L/yr

Senior Branch Manager Salary

(15 salaries)

₹7.2 L/yr - ₹13.2 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Branch Head Salary

(14 salaries)

₹6.5 L/yr - ₹10.83 L/yr

Top skills at Star Health & Allied Insurance for Branch Sales Manager

Sales Management Team Leading Recruitment Management Branch Operations Team Management Sales Planning

Salary related reviews for Star Health & Allied Insurance

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Star Health & Allied Insurance Branch Sales Manager Salary FAQs

What is the salary of Branch Sales Manager at Star Health & Allied Insurance ?

The average salary of a Branch Sales Manager at Star Health & Allied Insurance in India typically ranges from ₹1.9 Lakhs to ₹7.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Branch Sales Manager at Star Health & Allied Insurance earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Branch Sales Manager Salaries at Star Health & Allied 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 Star Health & Allied Insurance employees in India.

What is the estimated take home salary of a Branch Sales Manager at Star Health & Allied Insurance in India?

The estimated take-home salary of a Branch Sales Manager at Star Health & Allied Insurance in India typically ranges from ₹27,362 to ₹28,766 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from Fresher to 4 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 Star Health & Allied Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Branch Sales Manager at Star Health & Allied Insurance ?

To be a Branch Sales Manager at Star Health & Allied Insurance in india, the key skills required include:

- Sales Management
- Team Leading
- Recruitment Management
- Branch Operations
- Team Management

These skills are highly valued at Star Health & Allied Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Star Health & Allied Insurance for Branch Sales Manager in India?

SBI Life Insurance Company	₹5.0 Lakhs to ₹14.3 Lakhs per year
Axis Max Life Insurance	₹6.0 Lakhs to ₹9.0 Lakhs per year
ICICI Lombard General Insurance Company	₹5.6 Lakhs to ₹12.0 Lakhs per year
HDFC Life	₹5.0 Lakhs to ₹10.5 Lakhs per year
ICICI Prudential Life Insurance	₹4.8 Lakhs to ₹11.8 Lakhs per year

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

What is the salary of a Branch Sales Manager in companies similar to Star Health & Allied Insurance in India?

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

HDFC Ergo General Insurance	₹3.7 Lakhs to ₹11.0 Lakhs per year
PNB MetLife	₹6.3 Lakhs to ₹8.0 Lakhs per year
Tata AIA Life Insurance	₹4.0 Lakhs to ₹8.2 Lakhs per year
Life Insurance Corporation of India	₹3.0 Lakhs to ₹9.9 Lakhs per year
Bajaj Allianz General Insurance	₹4.0 Lakhs to ₹6.0 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 Sales Manager at Star Health & Allied Insurance in India?

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

Experience	Average Salary Range
Fresher	₹4.0 Lakhs to ₹5.1 Lakhs per year
1 year	₹2.5 Lakhs to ₹3.2 Lakhs per year
4 years	₹2.9 Lakhs to ₹3.7 Lakhs per year

and so on.

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Star Health & Allied Insurance Branch Sales Manager Salaries

Star Health & Allied Insurance Branch Sales Manager salary in India ranges between ₹1.9 Lakh to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Star Health & Allied Insurance latest salaries received from various employees of Star Health & Allied Insurance.