Universal Sompo General Insurance Branch Manager Salaries by 20+ Employees

10 - 17 years exp.

₹8 Lakhs - ₹14.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

15% more than the average Branch Manager Salary in Insurance Companies for 10 - 17 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 10 - 17 years exp. (16 salaries)	₹8.5 L/yr - ₹14.2 L/yr
Sales & Business Development Branch Manager Salary 10 - 13 years exp. (3 salaries)	₹8 L/yr - ₹13.5 L/yr
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Marketing & Communication Branch Manager Salary 10 - 12 years exp. (AmbitionBox Estimate)	₹9.9 L/yr - ₹11.8 L/yr

Last Updated: 9 Jul 2024

Companies similar to Universal Sompo General Insurance for Branch Manager

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance Branch Manager Salary 3 - 14 years exp. (237 salaries)	₹2.9 L/yr - ₹8.8 L/yr 46% less
Shriram General Insurance Branch Manager Salary 6 - 15 years exp. (176 salaries)	₹3.2 L/yr - ₹8.5 L/yr 39% less
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Aditya Birla Health Insurance Co Branch Manager Salary 5 - 16 years exp. (161 salaries)	₹5 L/yr - ₹12 L/yr 16% less
Future Generali India Life Insurance Branch Manager Salary 7 - 19 years exp. (114 salaries)	₹5 L/yr - ₹17.3 L/yr 6% less	2 job openings
Bharti AXA Life Insurance Branch Manager Salary 7 - 18 years exp. (72 salaries)	₹5 L/yr - ₹12 L/yr 22% less
Edelweiss Life Insurance Branch Manager Salary 8 - 14 years exp. (50 salaries)	₹5.7 L/yr - ₹8.5 L/yr 33% less
ManipalCigna Health Insurance Branch Manager Salary 7 - 17 years exp. (47 salaries)	₹4.8 L/yr - ₹10.5 L/yr 24% less	1 job opening
Aviva Life Insurance India Branch Manager Salary 7 - 22 years exp. (41 salaries)	₹7 L/yr - ₹15 L/yr 6% less
Royal Sundaram General Insurance Branch Manager Salary 6 - 17 years exp. (24 salaries)	₹4.5 L/yr - ₹11 L/yr 25% less
Bajaj Capital Insurance Branch Manager Salary 3 - 10 years exp. (16 salaries)	₹2.9 L/yr - ₹4.5 L/yr 66% less
Ageas Federal Life Insurance Branch Manager Salary 8 - 22 years exp. (11 salaries)	₹7 L/yr - ₹12 L/yr 13% less
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Magma HDI General Insurance Branch Manager Salary 8 - 19 years exp. (11 salaries)	₹5 L/yr - ₹9.3 L/yr 28% less
IndiaFirst Life Insurance Branch Manager Salary 6 - 18 years exp. (6 salaries)	₹4.2 L/yr - ₹7.5 L/yr 45% less
Medi Assist India Branch Manager Salary 7 - 13 years exp. (6 salaries)	₹4.3 L/yr - ₹13.6 L/yr 25% less
Aegon Life Insurance Branch Manager Salary 10 - 13 years exp. (5 salaries)	₹5.1 L/yr - ₹13.2 L/yr 23% less
Birla Sun Life Mutual Fund Branch Manager Salary 10 - 14 years exp. (4 salaries)	₹6.2 L/yr - ₹6.4 L/yr 39% less

Branch Manager salary at Universal Sompo General Insurance ranges between ₹8 Lakhs to ₹14.2 Lakhs per year for employees with experience between 10 years to 17 years. Salary estimates are based on 26 latest salaries received from various employees of Universal Sompo General Insurance.

Latest annual salaries shared by Universal Sompo General Insurance Branch Manager

6mo ago

₹9.2 Lakhs

11 years exp.

1y ago

₹11 Lakhs

15 years exp.

1y ago

₹10.3 Lakhs

17 years exp.

1y ago

₹11.8 Lakhs

10 years exp.

1y ago

₹11 Lakhs

13 years exp.

1y ago

12 years exp.

1y ago

13 years exp.

1y ago

13 years exp.

1y ago

13 years exp.

1y ago

14 years exp.

Experience wise Universal Sompo General Insurance Branch Manager salaries

Last Updated: 9 Jul 2024

Experience	Avg Annual Salary
10 years (4 salaries)	₹8 L/yr - ₹11.8 L/yr
11 years (3 salaries)	₹9.2 L/yr - ₹12.5 L/yr
Login to view exact salary
12 years (3 salaries)	₹9.4 L/yr - ₹10.6 L/yr
13 years (5 salaries)	₹9.4 L/yr - ₹13.7 L/yr
14 years (4 salaries)	₹4.2 L/yr - ₹14.2 L/yr
15+ years (7 salaries)	₹10.1 L/yr - ₹14 L/yr

View all

Similar Designation salaries in Universal Sompo General Insurance

Area Manager Salary

(4 salaries)

₹4.85 L/yr - ₹6.75 L/yr

Sales Manager Salary

(13 salaries)

₹2.05 L/yr - ₹6.5 L/yr

Branch Incharge Salary

(4 salaries)

₹3 L/yr - ₹4.4 L/yr

Branch Head Salary

(5 salaries)

₹7.78 L/yr - ₹16.85 L/yr

Deputy Manager Salary

(53 salaries)

₹6.25 L/yr - ₹12.5 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

₹12 L/yr - ₹15.3 L/yr

Cluster Manager Salary

(6 salaries)

₹6.52 L/yr - ₹12.48 L/yr

Operations Manager Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Area Sales Manager Salary

(4 salaries)

₹14.43 L/yr - ₹15.8 L/yr

Territory Manager Salary

(3 salaries)

₹4 L/yr - ₹13.4 L/yr

Salary related reviews for Universal Sompo General Insurance

3.0

Rated by 2 employees for salary & benefits

Relationship Manager in Guwahati

Full Time

Sales & Business Development Department

1.0

• posted on 22 Feb 2023

3.0

for Salary and Benefits

Likes

...one month later senior management used to call will fire you, will give lwp etc. You cannot expect anything rather than salary on time. No notice period negotiable policy. Very poor work life balance.

Dislikes

Anything except salary and friends

Job security - Bad

+4 more

Deputy Manager in Andheri

BFSI, Investments & Trading Department

1.0

• posted on 19 Apr 2022

1.0

for Salary and Benefits

Likes

Not so much.

Dislikes

Horrible culture. Compensation is horrible. Not enough growth to learn. No new activities. The CIO has zero leadership quality. Unethical behaviour, only think abt himselves no team meeting with any team members during lockdown. Not a great company to look at.

Salary - Bad

+5 more

Sales Manager in Bareilly

Sales & Business Development Department

5.0

• posted on 06 May 2021

4.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Good

+6 more

Dislikes

The employees don't get the local conveyance so it should be provided.

Relationship Manager in Raghunathganj

Finance & Accounting Department

5.0

• posted on 28 Aug 2018

4.0

for Salary and Benefits

Likes

The company is open to innovation and reaily adopts latest technology. I love the fact that I am a part of a team that makes reliable.

Salary - Good

+6 more

Dislikes

Compensation is decent, but growth is slow. The work pressure is very high. Sometimes,. I have to work 14-18 hours straight in a days as I have to attend clint calls in the evening and sometimes late into the night.

Assistant Manager in Navi Mumbai

BFSI, Investments & Trading Department

5.0

• posted on 20 Jun 2022

5.0

for Salary and Benefits

Likes

I have learnt a lot in USGI like skill development, good environment to work, supportive mangement .

Salary - Excellent

+6 more

Dislikes

There is a lot of politics from last 1 year and management doesn't address our issue, salary is decent but career growth is slow.

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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Universal Sompo General Insurance Branch Manager Salary FAQs

What is the salary of Branch Manager at Universal Sompo General Insurance ?

The average salary of a Branch Manager at Universal Sompo General Insurance in India typically ranges from ₹8.0 Lakhs to ₹14.2 Lakhs per year, depending on experience (from 10 years to 17 years).

The top 10% of Branch Manager at Universal Sompo General Insurance earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹14.2 Lakhs per year. Branch Manager Salaries at Universal Sompo General 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 20+ Universal Sompo General Insurance employees in India.

What is the estimated take home salary of a Branch Manager at Universal Sompo General Insurance in India?

The estimated take-home salary of a Branch Manager at Universal Sompo General Insurance in India typically ranges from ₹75,676 to ₹77,637 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹14.2 Lakhs per year for employees with experience ranging from 10 years to 17 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 20+ salaries received from various employees of Universal Sompo General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Branch Manager in companies similar to Universal Sompo General Insurance in India?

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

Future Generali India Life Insurance	₹5.0 Lakhs to ₹17.3 Lakhs per year
Aviva Life Insurance India	₹7.0 Lakhs to ₹15.0 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
Bharti AXA Life Insurance	₹5.0 Lakhs to ₹12.0 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 Manager at Universal Sompo General Insurance in India?

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

Experience	Average Salary Range
10 years	₹8.0 Lakhs to ₹11.8 Lakhs per year
11 years	₹9.2 Lakhs to ₹12.5 Lakhs per year
12 years	₹9.4 Lakhs to ₹10.6 Lakhs per year
13 years	₹9.4 Lakhs to ₹13.7 Lakhs per year

and so on.

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Universal Sompo General Insurance Branch Manager Salaries

Universal Sompo General Insurance Branch Manager salary in India ranges between ₹8 Lakhs to ₹14.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 Universal Sompo General Insurance latest salaries received from various employees of Universal Sompo General Insurance.