The average salary for a Branch Manager, Insurance Office is Rs 725,563.
MEDIAN Rs 725,563
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Rs 322k - Rs 1m
Rs 12k - Rs 208k
Rs 0 - Rs 309k
Rs 55k - Rs 263k
Rs 337k - Rs 1m
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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 fu…Read more
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.
Popular Employer Salaries for Branch Manager, Insurance Office
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.
Pay Difference by Location
Learn more about cost of living by city.
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.
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