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SBI General Insurance Assistant Manager salaries in Mumbai (Updated 2025)

Annual salary range
0 - 10 years exp.
₹3.2 Lakhs - ₹9 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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48% less than the average Assistant Manager Salary in Insurance Companies for 0 - 10 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Assistant Manager Salary
1 - 10 years exp. (25 salaries)
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₹3.3 L/yr - ₹7 L/yr

BFSI, Investments & Trading
Assistant Manager Salary
1 - 10 years exp. (8 salaries)
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₹4.3 L/yr - ₹8.5 L/yr

Finance & Accounting
Assistant Manager Salary
0 - 7 years exp. (7 salaries)
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₹4 L/yr - ₹8.1 L/yr

Human Resources
Assistant Manager Salary
4 - 10 years exp. (6 salaries)
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₹4 L/yr - ₹8.1 L/yr

Data Science & Analytics
Assistant Manager Salary
1 - 9 years exp. (4 salaries)
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₹3.8 L/yr - ₹7.3 L/yr

View all

Last Updated: 21 Mar 2025

Companies similar to SBI General Insurance for Assistant Manager in Mumbai

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SBI General Insurance Assistant Manager Salary

0 - 10 years exp. (71 salaries)

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₹3.2 L/yr - ₹9 L/yr

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Company name Avg Annual Salary Open Jobs
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₹2 L/yr - ₹4.6 L/yr

arrow icon 14% less
1 job opening
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Tata AIA Life Insurance Assistant Manager Salary

2 - 17 years exp. (307 salaries)

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₹4.2 L/yr - ₹18 L/yr

arrow icon 135% more
30 job openings
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₹3 L/yr - ₹7 L/yr

arrow icon 26% more
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₹3 L/yr - ₹9.5 L/yr

arrow icon 31% more
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₹4 L/yr - ₹11 L/yr

arrow icon 72% more
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₹2 L/yr - ₹6.2 L/yr

arrow icon 6% more
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HDFC Life Assistant Manager Salary

1 - 10 years exp. (80 salaries)

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₹3 L/yr - ₹7 L/yr

arrow icon 11% more
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₹4.4 L/yr - ₹12.2 L/yr

arrow icon 81% more
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₹2 L/yr - ₹8 L/yr

arrow icon 4% less
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₹2.2 L/yr - ₹7.5 L/yr

arrow icon 2% less
15 job openings
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₹4 L/yr - ₹8 L/yr

arrow icon 43% more
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₹3 L/yr - ₹12 L/yr

arrow icon 72% more
1 job opening
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PNB MetLife Assistant Manager Salary

2 - 11 years exp. (55 salaries)

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₹2.5 L/yr - ₹8 L/yr

arrow icon 16% more
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₹2.1 L/yr - ₹7.4 L/yr

arrow icon 6% more
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₹1 L/yr - ₹8 L/yr

arrow icon 17% more
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₹11 L/yr - ₹15.5 L/yr

arrow icon 184% more
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₹11 L/yr - ₹19 L/yr

arrow icon 274% more
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Gallagher Assistant Manager Salary

8 - 14 years exp. (3 salaries)

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₹10 L/yr - ₹20 L/yr

arrow icon 270% more
Assistant Manager salary at SBI General Insurance ranges between ₹3.2 Lakhs to ₹9 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 71 latest salaries received from various employees of SBI General Insurance.

Latest annual salaries shared by SBI General Insurance Assistant Manager in Mumbai

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Experience wise SBI General Insurance Assistant Manager salaries in Mumbai

Last Updated: 21 Mar 2025

Experience Avg Annual Salary
Fresher  (5 salaries)

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₹1.5 L/yr - ₹8.6 L/yr
1 year  (5 salaries)

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₹3.2 L/yr - ₹8.5 L/yr
2 years  (3 salaries)

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₹1.6 L/yr - ₹9 L/yr
3 years  (5 salaries)

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₹3.4 L/yr - ₹7.8 L/yr
4 years  (9 salaries)

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₹3.8 L/yr - ₹8.1 L/yr
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Similar Designation salaries in SBI General Insurance

Deputy Manager Salary
(28 salaries)
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₹4.3 L/yr - ₹10.56 L/yr
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₹3 L/yr - ₹5.7 L/yr
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₹3.75 L/yr - ₹6.25 L/yr

Salary related reviews for SBI General Insurance

3.9

Rated by 15 employees for salary & benefits

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.

read more
  • Salary - Excellent
  • +6 more

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 .

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  • 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

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Agency Sales Department

3.0
  •  posted on 29 Dec 2020

1.0
 for  Salary and Benefits

Likes

Office team was good. There was work flexibility. Monthly salary used to get on time. Company never deducted Salary during COVID pandemic period.

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Dislikes

Joined this company more then year and half back. Initially everything was fine but suddenly company became over aggressive and messed up the things. The back office process in this company is extremely slow and poor. Even the reporting head was so slow that, literally to issue one policy they used to take two days. Poor support from reporting head. He was not even bothered to check my Whats app messages related to work in case of urgency. He did not even showed courtesy to start the process of company travel claim related to my Induction training due to which I lost my 7000 INR.

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  • Salary - Bad
  • +2 more

Sales & Business Development Department

5.0
  •  posted on 18 Dec 2020

5.0
 for  Salary and Benefits

Likes

During covid-19 period SBI General Support us like our family.Good work environment,culture and here Seniors are very supportive in this pandemic. Great work experience here and our family also satisfy ki I am a part of this organization.

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  • Salary - Excellent
  • +6 more

Dislikes

Salary are too low as equal to work experience of the employee.So it request please raise salary correction under certain time period. And in our GMC policy request please increase Sum insured limit under Executive Grade.

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Other Department

3.0
  •  posted on 27 Jun 2021

3.0
 for  Salary and Benefits

Likes

Gives opportunity to perfomer and team work culture ..and better compensation programme.

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  • Skill development - Good

Dislikes

Depends upon our attitude and temperment how you behave with your colleague and be good to your work colleagues and vice versa .

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SBI General Insurance Assistant Manager Salary FAQs

What is the salary of Assistant Manager at SBI General Insurance in Mumbai?
The average salary of a Assistant Manager at SBI General Insurance in Mumbai typically ranges from ₹3.2 Lakhs to ₹9.0 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Assistant Manager in Mumbai at SBI General Insurance earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.9 Lakhs per year. Assistant 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 70+ SBI General Insurance employees in India.
What is the estimated take home salary of a Assistant Manager at SBI General Insurance in Mumbai?
The estimated take-home salary of a Assistant Manager at SBI General Insurance in Mumbai typically ranges from ₹32,025 to ₹33,309 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from Fresher to 10 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 70+ 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 Assistant Manager in India?
United India Insurance Company ₹11.0 Lakhs to ₹19.0 Lakhs per year
Gallagher ₹10.0 Lakhs to ₹20.0 Lakhs per year
Royal Sundaram General Insurance ₹11.0 Lakhs to ₹15.5 Lakhs per year
Tata AIA Life Insurance ₹4.2 Lakhs to ₹18.0 Lakhs per year
ManipalCigna Health Insurance ₹4.4 Lakhs to ₹12.2 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 Assistant Manager in companies similar to SBI General Insurance in Mumbai?
The salary of a Assistant Manager at companies similar to SBI General Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI Life Insurance Company ₹4.0 Lakhs to ₹11.0 Lakhs per year
Bajaj Allianz Life Insurance ₹3.0 Lakhs to ₹12.0 Lakhs per year
Magma HDI General Insurance ₹4.0 Lakhs to ₹8.0 Lakhs per year
Aditya Birla Health Insurance Co ₹3.0 Lakhs to ₹9.5 Lakhs per year
ICICI Prudential Life Insurance ₹3.0 Lakhs to ₹7.0 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 Assistant Manager at SBI General Insurance in Mumbai?
The salary growth for a Assistant Manager at SBI General Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Assistant Manager in Mumbai can expect the following growth trajectory at SBI General Insurance:

Experience Average Salary Range
Fresher ₹1.5 Lakhs to ₹8.6 Lakhs per year
1 year ₹3.2 Lakhs to ₹8.5 Lakhs per year
2 years ₹1.6 Lakhs to ₹9.0 Lakhs per year
3 years ₹3.4 Lakhs to ₹7.8 Lakhs per year
and so on.

Tell us how to improve this page.

SBI General Insurance Assistant Manager salary in Mumbai ranges between ₹3.2 Lakhs to ₹9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 71 SBI General Insurance latest salaries received from various employees of SBI General Insurance.