PNB MetLife SM Salaries by 5 Employees

3 - 6 years exp.

₹2.3 Lakhs - ₹4.2 Lakhs

Low Confidence

Salary of majority employees

64% less than the average SM Salary in Insurance Companies for 3 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading SM Salary 3 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.2 L/yr
Marketing & Communication SM Salary 5 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Sales & Business Development SM Salary 5 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr

Last Updated: 10 Feb 2024

Companies similar to PNB MetLife for SM

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance SM Salary 1 - 10 years exp. (15 salaries)	₹3.1 L/yr - ₹5.5 L/yr 36% more
Kotak Mahindara Life Insurance SM Salary 2 - 6 years exp. (13 salaries)	₹3.3 L/yr - ₹4.5 L/yr 23% more
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Bajaj Allianz Life Insurance SM Salary 0 - 6 years exp. (11 salaries)	₹2 L/yr - ₹3.5 L/yr 11% less
HDFC Life SM Salary 1 - 17 years exp. (10 salaries)	₹3.8 L/yr - ₹5.3 L/yr 37% more
Aditya Birla Health Insurance Co SM Salary 3 - 9 years exp. (9 salaries)	₹3 L/yr - ₹4.5 L/yr 14% more
Cholamandalam MS General Insurance SM Salary 2 - 9 years exp. (5 salaries)	₹3 L/yr - ₹4.2 L/yr 13% more
Reliance Nippon Life Insurance SM Salary 1 - 9 years exp. (4 salaries)	₹2.3 L/yr - ₹2.5 L/yr 27% less
ICICI Prudential Life Insurance SM Salary 2 - 4 years exp. (3 salaries)	₹6.5 L/yr - ₹7.1 L/yr 122% more
Shriram Life Insurance SM Salary 3 - 7 years exp. (3 salaries)	₹2.3 L/yr - ₹3.2 L/yr 16% less

SM salary at PNB MetLife ranges between ₹2.3 Lakhs to ₹4.2 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 5 latest salaries received from various employees of PNB MetLife.

Experience wise PNB MetLife SM salaries

Last Updated: 10 Feb 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.2 L/yr
4 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
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5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
6 years (AmbitionBox Estimate)	₹1 L/yr - ₹3 L/yr

Similar Designation salaries in PNB MetLife

Assistant Relationship Manager Salary

(328 salaries)

₹1.8 L/yr - ₹3.7 L/yr

Circle Manager Salary

(124 salaries)

₹9 L/yr - ₹17 L/yr

Deputy Manager Salary

(121 salaries)

₹3.9 L/yr - ₹12.58 L/yr

Chief Manager Salary

(56 salaries)

₹14 L/yr - ₹30.6 L/yr

Sales Executive Salary

(41 salaries)

₹1.8 L/yr - ₹5.25 L/yr

Training Manager Salary

(31 salaries)

₹6.2 L/yr - ₹10 L/yr

Operations Executive Salary

(23 salaries)

₹1.8 L/yr - ₹3.5 L/yr

MIS Executive Salary

(21 salaries)

₹1.8 L/yr - ₹4.05 L/yr

Area Manager Salary

(20 salaries)

₹5.85 L/yr - ₹11.1 L/yr

Financial Advisor Salary

(19 salaries)

₹0.9 L/yr - ₹7.5 L/yr

Salary related reviews for PNB MetLife

Assistant Relationship Manager in Chhapra

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 21 Oct 2024

5.0

for Salary and Benefits

Likes

Salary time pr aa jati hai lekin working culture is very poor

Salary - Excellent

Dislikes

Mujhe bina kisi information ka job se nikal diya gya hai...Jo kisi v employee ke liye dukhdayi hai.ye behaviour mujhe arthik or mansik rup se kamjor kr skta hai

Skill development - Poor

+5 more

Circle Manager in Udaipur

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 30 Aug 2023

4.0

for Salary and Benefits

Likes

They offer Good Salary

Salary - Good

Dislikes

PNB MetLife having Very week top management and strategy team. There is no vision of company. PNB MetLife and PNB Bank having Zero coordination and due to which still after 12 year of Joint venture PNB Bank staff has not accepted PNB Metlife. When we are visiting Circle office or Branch...There is very separate behaviour with Met Life staff. And business can't happen in PNB Bank. Also job security is not there. In PNB Met Life they gives PIP to Circle Manager too. And whenever they want they will do transfer...Overall Hitler type Management.

Skill development - Bad

+5 more

Assistant Relationship Manager in Berhampur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 19 Oct 2023

4.0

for Salary and Benefits

Likes

Motivation, insurance products

Salary - Good

+4 more

Dislikes

...se benifits but we have to reach Target but it's not possible to reach Target Actually company is hiring new employee with more package but old employees are getting same package salary at the end both the employees are giving same output🙂

Promotions - Bad

Chief Manager in Gurgaon / Gurugram

Data Science & Analytics Department

4.0

• posted on 14 Sep 2022

1.0

for Salary and Benefits

Likes

Work culture allows you exponentially increase your learning curve. Opportunities are given to learn new things, which basically is dependent on each individual's potential. Work life balance is also maintained as company has Hybrid workplace culture.

Skill development - Good

+4 more

Dislikes

...make all the decisions. Even new ideas are appreciated but never implemented. Salary bands are very conservative and increments are not that good too. Also, upper management has higher payout% and lower management gets very less.

Salary - Bad

Assistant Relationship Manager in Purulia

BFSI, Investments & Trading Department

5.0

• posted on 30 Jun 2021

5.0

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 - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

see more salary related reviews

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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PNB MetLife SM Salary FAQs

What is the salary of SM at PNB MetLife ?

The average salary of a SM at PNB MetLife in India typically ranges from ₹2.3 Lakhs to ₹4.2 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of SM at PNB MetLife earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. SM Salaries at PNB MetLife 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 5 PNB MetLife employees in India.

What is the estimated take home salary of a SM at PNB MetLife in India?

The estimated take-home salary of a SM at PNB MetLife in India typically ranges from ₹23,120 to ₹24,587 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from 3 years to 6 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 5 salaries received from various employees of PNB MetLife. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than PNB MetLife for SM in India?

ICICI Prudential Life Insurance	₹6.5 Lakhs to ₹7.1 Lakhs per year
HDFC Life	₹3.8 Lakhs to ₹5.3 Lakhs per year
Axis Max Life Insurance	₹3.1 Lakhs to ₹5.5 Lakhs per year
Kotak Mahindara Life Insurance	₹3.3 Lakhs to ₹4.5 Lakhs per year
Aditya Birla Health Insurance Co	₹3.0 Lakhs to ₹4.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by PNB MetLife, depending on the role and experience level.

What is the salary of a SM in companies similar to PNB MetLife in India?

The salary of a SM at companies similar to PNB MetLife in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Cholamandalam MS General Insurance	₹3.0 Lakhs to ₹4.2 Lakhs per year
Bajaj Allianz Life Insurance	₹2.0 Lakhs to ₹3.5 Lakhs per year
Shriram Life Insurance	₹2.3 Lakhs to ₹3.2 Lakhs per year
Reliance Nippon Life Insurance	₹2.3 Lakhs to ₹2.5 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 SM at PNB MetLife in India?

The salary growth for a SM at PNB MetLife depends on factors such as experience, performance, and promotions. On average, a SM can expect the following growth trajectory at PNB MetLife:

Experience	Average Salary Range
3 years	₹3.5 Lakhs to ₹4.2 Lakhs per year
4 years	₹3.1 Lakhs to ₹3.9 Lakhs per year
5 years	₹2.3 Lakhs to ₹3.0 Lakhs per year
6 years	₹1.0 Lakhs to ₹3.0 Lakhs per year

and so on.

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PNB MetLife SM Salaries

PNB MetLife SM salary in India ranges between ₹2.3 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 PNB MetLife latest salaries received from various employees of PNB MetLife.