Universal Sompo General Insurance Mumbai Branch Manager Salaries by 4 Employees

10 - 15 years exp.

₹11.8 Lakhs - ₹14.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

26% more than the average Branch Manager Salary in Insurance Companies for 10 - 15 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 14 years exp. (AmbitionBox Estimate)	₹12.9 L/yr - ₹14.2 L/yr
Login to view exact salary
Marketing & Communication Branch Manager Salary 10 years exp. (AmbitionBox Estimate)	₹11.8 L/yr - ₹14 L/yr

Last Updated: 15 Mar 2023

Companies similar to Universal Sompo General Insurance for Branch Manager in Mumbai

Universal Sompo General Insurance Branch Manager Salary

10 - 15 years exp. (4 salaries)

₹11.8 L/yr - ₹14.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance Branch Manager Salary 4 - 10 years exp. (7 salaries)	₹3.5 L/yr - ₹7 L/yr 57% less
Future Generali India Life Insurance Branch Manager Salary 7 - 18 years exp. (7 salaries)	₹8 L/yr - ₹12.2 L/yr 27% less	2 job openings
Login to view exact salary
Bharti AXA Life Insurance Branch Manager Salary 12 - 15 years exp. (5 salaries)	₹7.6 L/yr - ₹9.9 L/yr 39% less
Aditya Birla Health Insurance Co Branch Manager Salary 11 - 15 years exp. (4 salaries)	₹6.5 L/yr - ₹9.7 L/yr 29% less
Edelweiss Life Insurance Branch Manager Salary 9 - 10 years exp. (3 salaries)	₹6.6 L/yr - ₹7 L/yr 48% less
ManipalCigna Health Insurance Branch Manager Salary 10 - 11 years exp. (3 salaries)	₹5.4 L/yr - ₹8.8 L/yr 46% less	1 job opening
Shriram General Insurance Branch Manager Salary 8 - 15 years exp. (3 salaries)	₹6 L/yr - ₹8.5 L/yr 44% less

Branch Manager salary at Universal Sompo General Insurance ranges between ₹11.8 Lakhs to ₹14.2 Lakhs per year for employees with experience between 10 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of Universal Sompo General Insurance.

Experience wise Universal Sompo General Insurance Branch Manager salaries in Mumbai

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹11.6 L/yr - ₹14.9 L/yr
11 years (AmbitionBox Estimate)	₹11.8 L/yr - ₹15 L/yr
Login to view exact salary
12 years (AmbitionBox Estimate)	₹11.9 L/yr - ₹15.2 L/yr
13 years (AmbitionBox Estimate)	₹12.1 L/yr - ₹15.4 L/yr
14 years (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.6 L/yr
15+ years (AmbitionBox Estimate)	₹12.5 L/yr - ₹16 L/yr

View all

Similar Designation salaries in Universal Sompo General Insurance

Deputy Manager Salary

(23 salaries)

₹7 L/yr - ₹12.15 L/yr

Salary related reviews for Universal Sompo General Insurance

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

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

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?

Got a question about Universal Sompo General Insurance?

Ask anonymously on communities.

Universal Sompo General Insurance Branch Manager Salary FAQs

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

The average salary of a Branch Manager at Universal Sompo General Insurance in Mumbai typically ranges from ₹11.8 Lakhs to ₹14.2 Lakhs per year, depending on experience (from 10 years to 15 years).

The top 10% of Branch Manager in Mumbai at Universal Sompo General Insurance earn more than ₹14.2 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 4 Universal Sompo General Insurance employees in India.

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

The estimated take-home salary of a Branch Manager at Universal Sompo General Insurance in Mumbai typically ranges from ₹94,688 to ₹97,238 per month. This is based on the average salary range of ₹11.8 Lakhs to ₹14.2 Lakhs per year for employees with experience ranging from 10 years to 15 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 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 Mumbai?

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

Future Generali India Life Insurance	₹8.0 Lakhs to ₹12.2 Lakhs per year
Aditya Birla Health Insurance Co	₹6.5 Lakhs to ₹9.7 Lakhs per year
Bharti AXA Life Insurance	₹7.6 Lakhs to ₹9.9 Lakhs per year
Shriram General Insurance	₹6.0 Lakhs to ₹8.5 Lakhs per year
ManipalCigna Health Insurance	₹5.4 Lakhs to ₹8.8 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 Mumbai?

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

Experience	Average Salary Range
10 years	₹11.6 Lakhs to ₹14.9 Lakhs per year
11 years	₹11.8 Lakhs to ₹15.0 Lakhs per year
12 years	₹11.9 Lakhs to ₹15.2 Lakhs per year
13 years	₹12.1 Lakhs to ₹15.4 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Universal Sompo General Insurance Salaries >
Universal Sompo General Insurance Branch Manager Salaries >
Universal Sompo General Insurance Branch Manager Salaries in Mumbai

Universal Sompo General Insurance Branch Manager salary in Mumbai ranges between ₹11.8 Lakhs to ₹14.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Universal Sompo General Insurance latest salaries received from various employees of Universal Sompo General Insurance.