Branch Manager, Insurance Office Salary (India)
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.
|Range||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|
|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|
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.Read More...
On top of operational and human resource functions, the branch manager also performs several finance-related tasks such as managing budgets and (possibly) procuring funds for special projects. Additionally, the branch manager must always look for opportunities to increase sales by expanding their reach and networking with potential clients. The manager often reports directly to a regional manager, filing periodic reports that include sales figures, staff evaluations, market research, and budget analyses.
Insurance office branch managers usually hold a bachelor's degree and have several years of supervisory experience. Attention to detail and strong interpersonal skills are essential to succeed in this position. Due to fluctuations in customer demand, branch managers may need to work long hours and keep flexible schedules. (Copyright 2018 PayScale.com)
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
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Key Stats for Branch Manager, Insurance Office
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