Average Branch Manager, Insurance Office Salary

Rs 725,563
Avg. Salary
Rs 101,041
Bonus
Rs 101,736
Commission
Rs 20,482
Profit Sharing
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The average salary for a Branch Manager, Insurance Office is Rs 725,563.
10%
Rs 322k
10%
Rs 726k
50%
Rs 1m
90%
90%
MEDIAN Rs 725,563
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United States (change)
Salary
Rs 322k - Rs 1m
Bonus
Rs 12k - Rs 208k
Profit Sharing
Rs 0 - Rs 309k
Commission
Rs 55k - Rs 263k
Total Pay
Rs 337k - Rs 1m

Your Market Worth Over Time

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Job Description for Branch Manager, Insurance Office

Branch Manager, Insurance Office Tasks
  • Supervise staff at retail locations, including security, client representatives, and maintenance.
  • Review, revise, and communicate industry and company policies.
  • Prepare, analyze, and submit metrics and reports regarding policyholders, accounts, and staff.
  • Oversee client interactions and account management to ensure the highest level of quality service.
The top respondents for the job title Branch Manager, Insurance Office are from the companies Allianz Life Insurance Company, Birla Sun Life Insurance and Reliance Life Insurance Co.ltd.. Reported salaries are highest at ICICI Prudential Life Insurance Co. Ltd. where the average pay is Rs 995,971. Other companies that offer high salaries for this role include SBI Life Insurance Co. Ltd. and Allianz Life Insurance Company, earning around Rs 875,000 and Rs 850,000, respectively. Birla Sun Life Insurance pays the lowest at around Rs 550,000. Bajaj Allianz General Insurance Company and Reliance Life Insurance Co.ltd. also pay on the lower end of the scale, paying Rs 650,000 and Rs 850,000, respectively.

Branch Manager, Insurance Office Job Listings

Popular Skills for Branch Manager, Insurance Office

Skills in Team Management and Sales Management are correlated to pay that is above average. Skills that pay less than market rate include Sales, Office Management and Insurance.

Pay by Experience Level for Branch Manager, Insurance Office

An early career Branch Manager, Insurance Office with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of Rs 436,030 based on 35 salaries. A mid-career Branch Manager, Insurance Office with 5-9 years of experience earns an average total compensation of Rs 686,514 based on 84 salaries. An experienced Branch Manager, Insurance Office with 10-19 years of experience earns an average total compensation of Rs 846,639 based on 100 salaries. In their late career (20 years and higher), employees earn an average total compensation of Rs 991,696.
Employees with Branch Manager, Insurance Office in their job title in Mumbai, Maharashtra earn an average of 12.9% more than the national average. These job titles also find higher than average salaries in New Delhi, Delhi (10.3% more). The lowest salaries can be found in Bangalore, Karnataka (42.1% less), Kolkata, West Bengal (31.1% less) and Chennai, Tamil Nadu (17.3% less).

Years of Experience

This data is based on 232 survey responses.
Early Career
15.1%
Mid Career
36.2%
Experienced
43.1%
Late Career
5.6%

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