SBI General Insurance Mumbai Business Analyst Salaries by 10+ Employees (Updated 2025)

1 - 6 years exp.

₹4 Lakhs - ₹12 Lakhs

Avg. annual salary

Monthly In-hand Salary

20% less than the average Business Analyst Salary in Insurance Companies for 1 - 6 years of experience

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Salaries in different departments

Data Science & Analytics Business Analyst Salary 1 - 6 years exp. (5 salaries)	₹4 L/yr - ₹9.5 L/yr
IT & Information Security Business Analyst Salary 1 - 3 years exp. (4 salaries)	₹7 L/yr - ₹11 L/yr
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Engineering - Software & QA Business Analyst Salary 2 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹8.2 L/yr
Project & Program Management Business Analyst Salary 5 years exp. (AmbitionBox Estimate)	₹8.4 L/yr - ₹12 L/yr

Last Updated: 7 Jan 2025

Companies similar to SBI General Insurance for Business Analyst in Mumbai

SBI General Insurance Business Analyst Salary

1 - 6 years exp. (12 salaries)

₹4 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Health Insurance Co Business Analyst Salary 2 - 9 years exp. (24 salaries)	₹3.8 L/yr - ₹15.6 L/yr 4% more
HDFC Life Business Analyst Salary 1 - 8 years exp. (22 salaries)	₹3.2 L/yr - ₹11.1 L/yr 14% less
Login to view exact salary
ICICI Prudential Life Insurance Business Analyst Salary 0 - 6 years exp. (21 salaries)	₹3.6 L/yr - ₹11 L/yr At par
Kotak Mahindara Life Insurance Business Analyst Salary 0 - 7 years exp. (19 salaries)	₹3 L/yr - ₹8.9 L/yr 27% less	1 job opening
Aditya Birla Sun Life Insurance Business Analyst Salary 2 - 10 years exp. (15 salaries)	₹4 L/yr - ₹16.9 L/yr 17% more
Royal Sundaram General Insurance Business Analyst Salary 2 - 15 years exp. (5 salaries)	₹7.8 L/yr - ₹15.5 L/yr 7% more
Bajaj Allianz Life Insurance Business Analyst Salary 3 - 6 years exp. (5 salaries)	₹6 L/yr - ₹16.5 L/yr 60% more
Tata AIA Life Insurance Business Analyst Salary 7 - 10 years exp. (4 salaries)	₹9.3 L/yr - ₹13.3 L/yr 15% more
PNB MetLife Business Analyst Salary 4 - 13 years exp. (3 salaries)	₹5 L/yr - ₹8 L/yr 21% less
ManipalCigna Health Insurance Business Analyst Salary 7 - 11 years exp. (3 salaries)	₹5.8 L/yr - ₹11 L/yr 3% more

Business Analyst salary at SBI General Insurance ranges between ₹4 Lakhs to ₹12 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 12 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Business Analyst salaries in Mumbai

Last Updated: 7 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.5 L/yr
2 years (3 salaries)	₹4.3 L/yr - ₹11 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
4 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
5 years (3 salaries)	₹3.4 L/yr - ₹12 L/yr
6 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr

View all

Similar Designation salaries in SBI General Insurance

Team Lead Salary

(14 salaries)

₹2.8 L/yr - ₹5 L/yr

Project Manager Salary

(13 salaries)

₹8 L/yr - ₹20.5 L/yr

Data Scientist Salary

(6 salaries)

₹4 L/yr - ₹9.5 L/yr

Research Analyst Salary

(3 salaries)

₹13.5 L/yr - ₹17.2 L/yr

Salary related reviews for SBI General Insurance

5.0

Rated by 1 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

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

Business Development Manager in Yavatmal

BFSI, Investments & Trading Department

5.0

• posted on 16 Jun 2021

3.0

for Salary and Benefits

Likes

... helped me for booking businesses and other time, the management is transparent. Appraisal are also fair, but some places I demotivate due to my salary and expenses incentives. Appraisals are fair by management.

Skill development - Good

+5 more

Dislikes

Salary is soon poor related to job, it means working time is alot but salary is low. How can I submit my expenses from joining date to till today I am unable to submit my expenses and not sure it will approve or not. Incentives are made on the basis of budgets, my salary is very low I can not manage my family expenses from my salary what should I do. But I like this job because I am with a brand SBI General Insurance and happy with my work.

State Head in Hyderabad / Secunderabad (working remotely)

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 23 Jan 2025

2.0

for Salary and Benefits

Likes

All other channels other than Sbi relationship will enjoy work without pressure… they bring non profit no’s also ok for organisation

Job security - Good

Dislikes

Only sbi channel makes profits for organisation and get variable pay but this team will get only pressure and no motivation or opportunities in promotions

Salary - Poor

+3 more

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What people are saying about SBI General Insurance

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miraculouslemon

works at

SBI General Insurance

Rejection profile by HR At shortlisted company.

Hii, I want to change the industry from BFSI to oil and and automobile. But Hr is not shortlisting me and if HR shortlist me than o don’t get shortlisted by concerned manager. even I have knowledge and work experience in particular industry. How can I crack this now.

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SBI General Insurance Business Analyst Salary FAQs

What is the salary of Business Analyst at SBI General Insurance in Mumbai?

The average salary of a Business Analyst at SBI General Insurance in Mumbai typically ranges from ₹4.0 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Business Analyst in Mumbai at SBI General Insurance earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Business Analyst 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 10+ SBI General Insurance employees in India.

What is the estimated take home salary of a Business Analyst at SBI General Insurance in Mumbai?

The estimated take-home salary of a Business Analyst at SBI General Insurance in Mumbai typically ranges from ₹61,433 to ₹62,990 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 1 year 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 10+ 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 Business Analyst in India?

Bajaj Allianz Life Insurance	₹6.0 Lakhs to ₹16.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹4.0 Lakhs to ₹16.9 Lakhs per year
Tata AIA Life Insurance	₹9.3 Lakhs to ₹13.3 Lakhs per year
Royal Sundaram General Insurance	₹7.8 Lakhs to ₹15.5 Lakhs per year
Aditya Birla Health Insurance Co	₹3.8 Lakhs to ₹15.6 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 Business Analyst in companies similar to SBI General Insurance in Mumbai?

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

ManipalCigna Health Insurance	₹5.8 Lakhs to ₹11.0 Lakhs per year
ICICI Prudential Life Insurance	₹3.6 Lakhs to ₹11.0 Lakhs per year
HDFC Life	₹3.2 Lakhs to ₹11.1 Lakhs per year
PNB MetLife	₹5.0 Lakhs to ₹8.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.0 Lakhs to ₹8.9 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 Business Analyst at SBI General Insurance in Mumbai?

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

Experience	Average Salary Range
1 year	₹7.4 Lakhs to ₹9.5 Lakhs per year
2 years	₹4.3 Lakhs to ₹11.0 Lakhs per year
3 years	₹7.5 Lakhs to ₹9.6 Lakhs per year
4 years	₹7.5 Lakhs to ₹9.6 Lakhs per year

and so on.

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SBI General Insurance Business Analyst Salaries in Mumbai

SBI General Insurance Business Analyst salary in Mumbai ranges between ₹4 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 SBI General Insurance latest salaries received from various employees of SBI General Insurance.

SBI General Insurance Business Analyst salaries in Mumbai (Updated 2025)

Companies similar to SBI General Insurance for Business Analyst in Mumbai

Latest annual salaries shared by SBI General Insurance Business Analyst in Mumbai

Experience wise SBI General Insurance Business Analyst salaries in Mumbai

Similar Designation salaries in SBI General Insurance

Salary related reviews for SBI General Insurance

Business Development Manager in Gorakhpur

Business Development Manager in Gorakhpur

Business Development Manager in Vijayawada

Business Development Manager in Yavatmal

State Head in Hyderabad / Secunderabad (working remotely)

SBI General Insurance Business Analyst Salary FAQs

Tell us how to improve this page.