A Branch Manager, Insurance Office earns an average salary of Rs 730,048 per year. Most people with this job move on to other positions after 20 years in this field.

Rs 306,028 - Rs 1,061,077
Rs 310K
Rs 700K
Rs 1M
MEDIAN: Rs 703,428
10%
50%
90%
Rs 0Rs 1M
Salary Rs 306,028 - Rs 1,061,077
Bonus Rs 12,255 - Rs 204,589
Profit Sharing Rs 0.00 - Rs 197,265
Commission Rs 242,500
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
Rs 338,061 - Rs 1,217,649
  • Country: India
  • Currency: INR
  • Updated: 13 Jan 2018
  • Individuals Reporting: 251

Job Description for Branch Manager, Insurance Office

An insurance office branch manager is the individual who is ultimately responsible for all of the operations of a specific office. They manage staff members in addressing customer claims and enrolling new customers by setting target metrics, giving performance evaluations, and providing staff members with training opportunities and guidance. Further, the branch manager also deals with any escalated customer service issues that may arise. The branch manager also performs several human resource functions such as screening applicants and hiring new team members.

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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.

Branch Manager, Insurance Office Job Listings

Pay by Experience Level for Branch Manager, Insurance Office

Pay by Experience for a Branch Manager, Insurance Office has a positive trend. An entry-level Branch Manager, Insurance Office with less than 5 years of experience can expect to earn an average total compensation of Rs 470,000 based on 25 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Branch Manager, Insurance Office with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of Rs 791,000 based on 57 salaries. An experienced Branch Manager, Insurance Office which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of Rs 901,000 based on 63 salaries. A Branch Manager, Insurance Office with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of Rs 866,000 based on 6 salaries.

Branch Manager, Insurance Office Advice

Q: What is it like working as a Branch Manager, Insurance Office?

Branch Manager, Insurance Office in Gwalior:
"Core values of company."
Be a Team Member believe in ur team and develop believe of ur team in you. Lead from front by showing How part instead of asking why part.

Branch Manager, Insurance Office in Mumbai:
"sitting on the hot pan"
Pros: Creating peoples future and relationship building.
Cons: Working on weekly offs. Low payscale.

Related Job Salaries

Key Stats for Branch Manager, Insurance Office

Gender

Female
3 %
Male
97 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.
Less than 1 year
1%
1-4 years
15%
5-9 years
32%
10-19 years
45%
20 years or more
6%

Experience Affects Branch Manager, Insurance Office Salaries

▲19%

Late-Career
▲14%

▲5%

National Average
Rs 756,000

Entry-Level
▼38%

Skills That Affect Branch Manager, Insurance Office Salaries



National Average
Rs 756,000

Team Leadership
▼1%

Sales
▼4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.

Gender

Female
3 %
Male
97 %

Years of Experience

Less than 1 year
1%
1-4 years
15%
5-9 years
32%
10-19 years
45%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 6%
vision benefits
Vision: 5%
no benefits
None: 16%