Punjab National Bank Life Insurance Manager Salaries by Employees (Updated 2025)

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₹3.2 Lakhs - ₹4.1 Lakhs

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Last Updated: 2 Oct 2023

Companies similar to Punjab National Bank for Life Insurance Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Life Insurance Manager Salary 0 - 7 years exp. (3 salaries)	₹3 L/yr - ₹6.3 L/yr 16% more
Axis Bank Life Insurance Manager Salary 1 - 3 years exp. (4 salaries)	₹2.3 L/yr - ₹3.8 L/yr 23% less
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HDFC Life Life Insurance Manager Salary 1 - 7 years exp. (25 salaries)	₹3 L/yr - ₹5.2 L/yr 2% less
Tata AIA Life Insurance Life Insurance Manager Salary 2 - 8 years exp. (13 salaries)	₹3 L/yr - ₹6.3 L/yr 21% more
PNB MetLife Life Insurance Manager Salary 0 - 8 years exp. (12 salaries)	₹0.6 L/yr - ₹4.5 L/yr 10% less

Life Insurance Manager salary at Punjab National Bank ranges between ₹3.2 Lakhs to ₹4.1 Lakhs per year for employees with 1 year of experience. Salary estimates are based on 1 latest salaries received from various employees of Punjab National Bank.

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Salary related reviews for Punjab National Bank

Deputy Manager in Patna

Full Time

Strategic & Top Management Department

1.0

• posted on 03 Sep 2024

2.0

for Salary and Benefits

Likes

No matter what you do your salary will remain same.

Job security - Excellent

Dislikes

Frequent transfers to remote villages create hell lot of family problems and other problems as well. Banking sector has hell lot of corruption and you will feel very insecure if you are moral.

Salary - Poor

+5 more

Deputy Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 16 Oct 2023

3.0

for Salary and Benefits

Likes

decent salary and perks but still less than Central Governments employees

Job security - Excellent

Dislikes

Undue pressure is put on us for target completion with staff shortage. Apart from this we have to deal with throttling compliance policies which makes even simple work cumbersome and difficult. There are so many portals for complaints and we are always on our toes.

Skill development - Poor

+3 more

Branch Manager in New Delhi

Finance & Accounting Department

3.0

• posted on 29 Dec 2018

1.0

for Salary and Benefits

Likes

...retirees which were more in the 1980. Pensions have not been updated since 1995. All employees/ retirees have demanded the same benefits as per Central Pay Commission recommendations on salary revision of Central Govt. Employees/ Retirees.

Dislikes

Salary - Bad
Job security - Poor

+1 more

Senior Associate in Mandi

Full Time

Finance & Accounting Department

3.0

• posted on 18 Oct 2023

4.0

for Salary and Benefits

Likes

Job security Good Salary Good perks and allowances Supportive to leaners and new joinees Overall good in terms of learning new things

Salary - Good

+1 more

Dislikes

No work life balance Extending work hours Bad management Poor work culture in top management Work pressure too much in officer cadre

Company culture - Poor

+1 more

Senior Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 02 Aug 2023

3.0

for Salary and Benefits

Likes

Govt. job even if you don't work you will get the same same salary as others.

Job security - Excellent

Dislikes

Lot of manipulation in promotions , if you have connections then only expect promotion. If you have taken a work no one will get involved in it and even if anything happens the same people will come to blame you.

Skill development - Bad

+4 more

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2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Punjab National Bank Life Insurance Manager Salary FAQs

What is the notice period for Life Insurance Manager at Punjab National Bank?

According to AmbitionBox, 100% of the Punjab National Bank Life Insurance Managers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Punjab National Bank Life Insurance Manager Salaries

Punjab National Bank Life Insurance Manager salary in India ranges between ₹3.2 Lakhs to ₹4.1 Lakhs. This is an estimate based on latest salaries received from employees of Punjab National Bank.