SBI General Insurance Area Manager Salaries by 6 Employees

3 - 21 years exp.

₹9 Lakhs - ₹15.2 Lakhs

Low Confidence

Salary of majority employees

20% more than the average Area Manager Salary in Insurance Companies for 3 - 21 years of experience

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Last Updated: 29 Apr 2023

Companies similar to SBI General Insurance for Area Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Area Manager Salary 1 - 17 years exp. (369 salaries)	₹5.8 L/yr - ₹13.1 L/yr 17% less	29 job openings
Axis Max Life Insurance Area Manager Salary 6 - 18 years exp. (278 salaries)	₹4.2 L/yr - ₹13.5 L/yr 30% less
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Bajaj Allianz Life Insurance Area Manager Salary 6 - 17 years exp. (212 salaries)	₹5 L/yr - ₹16.5 L/yr 15% less
SBI Life Insurance Company Area Manager Salary 6 - 18 years exp. (206 salaries)	₹4.6 L/yr - ₹14.2 L/yr 21% less
Tata AIA Life Insurance Area Manager Salary 6 - 17 years exp. (179 salaries)	₹6 L/yr - ₹17.7 L/yr 1% less	6 job openings
Aditya Birla Sun Life Insurance Area Manager Salary 3 - 10 years exp. (125 salaries)	₹4.5 L/yr - ₹9.3 L/yr 41% less
Cholamandalam MS General Insurance Area Manager Salary 8 - 17 years exp. (115 salaries)	₹5.3 L/yr - ₹16.5 L/yr 20% less
Reliance Nippon Life Insurance Area Manager Salary 10 - 19 years exp. (82 salaries)	₹9 L/yr - ₹21.4 L/yr 24% more
Star Union Dai-ichi Life Insurance Area Manager Salary 12 - 18 years exp. (60 salaries)	₹7.8 L/yr - ₹17.1 L/yr 7% more	2 job openings
Star Health & Allied Insurance Area Manager Salary 8 - 19 years exp. (47 salaries)	₹5.7 L/yr - ₹22 L/yr 12% more	1 job opening
Shriram Life Insurance Area Manager Salary 6 - 17 years exp. (44 salaries)	₹3.7 L/yr - ₹11 L/yr 44% less
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Aviva Life Insurance India Area Manager Salary 7 - 20 years exp. (35 salaries)	₹7 L/yr - ₹14 L/yr 6% less
Aditya Birla Health Insurance Co Area Manager Salary 7 - 18 years exp. (31 salaries)	₹4.5 L/yr - ₹16.5 L/yr 12% less
HDFC Life Area Manager Salary 10 - 11 years exp. (31 salaries)	₹7.7 L/yr - ₹19 L/yr 4% less
Kotak Mahindara Life Insurance Area Manager Salary 5 - 24 years exp. (30 salaries)	₹4.7 L/yr - ₹17.5 L/yr 3% less
ManipalCigna Health Insurance Area Manager Salary 11 - 19 years exp. (26 salaries)	₹7.2 L/yr - ₹12.5 L/yr 13% less
PNB MetLife Area Manager Salary 6 - 15 years exp. (20 salaries)	₹5.9 L/yr - ₹11.1 L/yr 21% less
Royal Sundaram General Insurance Area Manager Salary 11 - 19 years exp. (7 salaries)	₹9 L/yr - ₹18.5 L/yr 4% less
Magma HDI General Insurance Area Manager Salary 5 - 10 years exp. (5 salaries)	₹8.8 L/yr - ₹16.3 L/yr 15% more
Allianz Partners Area Manager Salary 8 - 11 years exp. (3 salaries)	₹5.3 L/yr - ₹8 L/yr 42% less

Area Manager salary at SBI General Insurance ranges between ₹9 Lakhs to ₹15.2 Lakhs per year for employees with experience between 3 years to 21 years. Salary estimates are based on 6 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Area Manager salaries

Last Updated: 29 Apr 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹9 L/yr - ₹18.3 L/yr
4 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.8 L/yr
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5 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹13 L/yr
6 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.2 L/yr
7 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹12.4 L/yr
8 years (AmbitionBox Estimate)	₹9 L/yr - ₹19.7 L/yr
9 years (AmbitionBox Estimate)	₹10 L/yr - ₹12.8 L/yr
10 years (AmbitionBox Estimate)	₹10.1 L/yr - ₹13 L/yr
11 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.1 L/yr
12 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹13.3 L/yr
13 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.5 L/yr
14 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
15+ years (3 salaries)	₹5 L/yr - ₹15.2 L/yr

View all

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Salary related reviews for SBI General Insurance

5.0

Rated by 2 employees for salary & benefits

Business Development Manager in Gorakhpur

Full Time

Business Development Department

2.0

• posted on 17 Sep 2022

2.0

for Salary and Benefits

Likes

Like you can say... Working with branch managers , can see yourself always professional . People will treat you like banker.

Job security - Good

Dislikes

No growth and promotion No good salary Not ethical practices followed. Your boss treat you like slave... Officially as per HR policy every Saturday is off... But you have to work on each Saturday as per your boss. Nothing to learn .

Salary - Poor

+4 more

Business Development Manager in Gorakhpur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 29 Apr 2023

3.0

for Salary and Benefits

Likes

Salary on time. Banca channel target goes on auto mode if you have good relationship with managers.

Job security - Good

+1 more

Dislikes

Overloaded targets, terrible managers. Considering Insurance sectors, plenty of works in your working time.Unwanted VCs by senior that can disturb your work flow each day. Salary is very less compared to other companies.

Skill development - Bad

+2 more

Sales Manager in Gwalior

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 05 Jul 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

Business Development Manager in Vijayawada

Full Time

Insurance Department

5.0

• posted on 07 Jun 2021

4.0

for Salary and Benefits

Likes

...agement 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 , incentives and bonus every year

Salary - Good

+6 more

Relationship Manager in Gulbarga

Customer Success, Service & Operations Department

5.0

• posted on 16 Mar 2022

4.0

for Salary and Benefits

Likes

It my pleasure to work with Reputed company like SBIG, As we grow old here we learn soo many things about banking as,it's very friendly atmosphere to work there .

Salary - Good

+5 more

Dislikes

Here we see lot of ups and downs and unhappy with Salary hike ,and Soo much off technical issues ....and when things start going gud tat time only company doo one or other changes..... that will impact soo much

see more salary related reviews

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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SBI General Insurance Area Manager Salary FAQs

What is the salary of Area Manager at SBI General Insurance ?

The average salary of a Area Manager at SBI General Insurance in India typically ranges from ₹9.0 Lakhs to ₹15.2 Lakhs per year, depending on experience (from 3 years to 21 years).

The top 10% of Area Manager at SBI General Insurance earn more than ₹15.1 Lakhs per year, and the top 1% earn over ₹15.2 Lakhs per year. Area Manager Salaries at SBI General Insurance 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 6 SBI General Insurance employees in India.

What is the estimated take home salary of a Area Manager at SBI General Insurance in India?

The estimated take-home salary of a Area Manager at SBI General Insurance in India typically ranges from ₹82,616 to ₹84,773 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹15.2 Lakhs per year for employees with experience ranging from 3 years to 21 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 6 salaries received from various employees of SBI General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI General Insurance for Area Manager in India?

Reliance Nippon Life Insurance	₹9.0 Lakhs to ₹21.4 Lakhs per year
Magma HDI General Insurance	₹8.8 Lakhs to ₹16.3 Lakhs per year
Star Health & Allied Insurance	₹5.7 Lakhs to ₹22.0 Lakhs per year
Star Union Dai-ichi Life Insurance	₹7.8 Lakhs to ₹17.1 Lakhs per year

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

What is the salary of a Area Manager in companies similar to SBI General Insurance in India?

The salary of a Area Manager at companies similar to SBI General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata AIA Life Insurance	₹6.0 Lakhs to ₹17.7 Lakhs per year
Kotak Mahindara Life Insurance	₹4.7 Lakhs to ₹17.5 Lakhs per year
HDFC Life	₹7.7 Lakhs to ₹19.0 Lakhs per year
Royal Sundaram General Insurance	₹9.0 Lakhs to ₹18.5 Lakhs per year
Aviva Life Insurance India	₹7.0 Lakhs to ₹14.0 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 Area Manager at SBI General Insurance in India?

The salary growth for a Area Manager at SBI General Insurance depends on factors such as experience, performance, and promotions. On average, a Area Manager can expect the following growth trajectory at SBI General Insurance:

Experience	Average Salary Range
3 years	₹9.0 Lakhs to ₹18.3 Lakhs per year
4 years	₹9.3 Lakhs to ₹11.8 Lakhs per year
5 years	₹4.2 Lakhs to ₹13.0 Lakhs per year
6 years	₹9.6 Lakhs to ₹12.2 Lakhs per year

and so on.

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SBI General Insurance Area Manager Salaries

SBI General Insurance Area Manager salary in India ranges between ₹9 Lakhs to ₹15.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 SBI General Insurance latest salaries received from various employees of SBI General Insurance.