SBI General Insurance Business Manager Salaries by 5 Employees (Updated 2025)

6 - 14 years exp.

₹4 Lakhs - ₹15.1 Lakhs

Low Confidence

Salary of majority employees

21% less than the average Business Manager Salary in Insurance Companies for 6 - 14 years of experience

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Last Updated: 16 Mar 2023

Companies similar to SBI General Insurance for Business Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Business Manager Salary 3 - 14 years exp. (10 salaries)	₹2.3 L/yr - ₹10 L/yr 42% less
HDFC Ergo General Insurance Business Manager Salary 1 - 5 years exp. (3 salaries)	₹3.9 L/yr - ₹15 L/yr 10% more
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Bajaj Allianz General Insurance Business Manager Salary 4 - 11 years exp. (9 salaries)	₹3.9 L/yr - ₹6.3 L/yr 47% less
Reliance General Insurance Business Manager Salary 7 - 17 years exp. (134 salaries)	₹4.5 L/yr - ₹12.2 L/yr 5% less
Future Generali India Life Insurance Business Manager Salary 1 - 16 years exp. (7 salaries)	₹3.8 L/yr - ₹6.5 L/yr 39% less
Shriram Life Insurance Business Manager Salary 0 - 7 years exp. (56 salaries)	₹2.2 L/yr - ₹5 L/yr 56% less
SBI Life Insurance Company Business Manager Salary 5 - 16 years exp. (27 salaries)	₹5.1 L/yr - ₹8.5 L/yr 24% less
Tata AIA Life Insurance Business Manager Salary 2 - 17 years exp. (20 salaries)	₹5.6 L/yr - ₹10.6 L/yr 8% less	1 job opening
Cholamandalam MS General Insurance Business Manager Salary 4 - 15 years exp. (15 salaries)	₹4 L/yr - ₹6.5 L/yr 38% less
HDFC Life Business Manager Salary 3 - 13 years exp. (10 salaries)	₹2.4 L/yr - ₹8.1 L/yr 48% less
ICICI Prudential Life Insurance Business Manager Salary 0 - 6 years exp. (8 salaries)	₹3.1 L/yr - ₹4 L/yr 57% less
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PNB MetLife Business Manager Salary 3 - 14 years exp. (7 salaries)	₹3.5 L/yr - ₹7.5 L/yr 35% less
Aditya Birla Sun Life Insurance Business Manager Salary 11 - 18 years exp. (5 salaries)	₹7.9 L/yr - ₹8.3 L/yr 9% less
Care Health Insurance Business Manager Salary 3 - 7 years exp. (5 salaries)	₹3.8 L/yr - ₹5.1 L/yr 52% less
Max Life Insurance Business Manager Salary 4 - 10 years exp. (4 salaries)	₹3.1 L/yr - ₹6.4 L/yr 50% less
Bajaj Allianz Life Insurance Business Manager Salary 7 - 10 years exp. (4 salaries)	₹4.4 L/yr - ₹5.2 L/yr 49% less
Kotak Mahindara Life Insurance Business Manager Salary 0 - 10 years exp. (4 salaries)	₹3.4 L/yr - ₹6.2 L/yr 43% less
Star Union Dai-ichi Life Insurance Business Manager Salary 3 - 11 years exp. (3 salaries)	₹4.5 L/yr - ₹7 L/yr 39% less

Business Manager salary at SBI General Insurance ranges between ₹4 Lakhs to ₹15.1 Lakhs per year for employees with experience between 6 years to 14 years. Salary estimates are based on 5 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Business Manager salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.4 L/yr
7 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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8 years (AmbitionBox Estimate)	₹4 L/yr - ₹9.1 L/yr
9 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
10 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹8.5 L/yr
11 years (AmbitionBox Estimate)	₹5 L/yr - ₹18.2 L/yr
12 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.5 L/yr
13 years (AmbitionBox Estimate)	₹12.1 L/yr - ₹15.4 L/yr
14 years (AmbitionBox Estimate)	₹6 L/yr - ₹18.5 L/yr

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Similar Designation salaries in SBI General Insurance

Area Business Manager Salary

(4 salaries)

₹8.3 L/yr - ₹15 L/yr

Branch Manager Salary

(7 salaries)

₹6.5 L/yr - ₹10.5 L/yr

Sales Manager Salary

(13 salaries)

₹3.28 L/yr - ₹6.22 L/yr

Regional Manager Salary

(5 salaries)

₹14.2 L/yr - ₹25 L/yr

Store Manager Salary

(4 salaries)

₹6.7 L/yr - ₹26 L/yr

Area Manager Salary

(6 salaries)

₹8.98 L/yr - ₹15.2 L/yr

Deputy Manager Salary

(172 salaries)

₹4 L/yr - ₹9.1 L/yr

Territory Manager Salary

(3 salaries)

₹5.2 L/yr - ₹9.3 L/yr

Area Sales Manager Salary

(83 salaries)

₹7.5 L/yr - ₹22 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹9.7 L/yr - ₹12.4 L/yr

Salary related reviews for SBI General Insurance

Area Sales Manager in Ratlam

Full Time

Security Services Department

4.0

• posted on 06 Jan 2025

1.0

for Salary and Benefits

Likes

The company is good, the atmosphere and staff are also good and I want to work in this company for a long time.

Skill development - Good

+3 more

Dislikes

I am getting very less salary as compared to my hard work so my salary should be increased

Salary - Bad

+1 more

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

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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SBI General Insurance Business Manager Salary FAQs

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

Business Manager salary at SBI General Insurance in India ranges between ₹4.0 Lakhs to ₹15.1 Lakhs for experience between 6 years to 14 years. According to our estimates it is 21% less than the average Business Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of SBI General Insurance India.

How does the salary of a Business Manager at SBI General Insurance India compare with the average salary range for this job?

The average salary of a Business Manager at SBI General Insurance is 21% less than the average salary of a Business Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than SBI General Insurance to a Business Manager in India?

HDFC Ergo General Insurance Business Manager Salary - ₹3.9 Lakhs to ₹15.0 Lakhs per year

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

Reliance General Insurance Business Manager Salary - ₹4.5 Lakhs to ₹12.2 Lakhs per year
Tata AIA Life Insurance Business Manager Salary - ₹5.6 Lakhs to ₹10.6 Lakhs per year
Aditya Birla Sun Life Insurance Business Manager Salary - ₹7.9 Lakhs to ₹8.3 Lakhs per year
SBI Life Insurance Company Business Manager Salary - ₹5.1 Lakhs to ₹8.5 Lakhs per year
PNB MetLife Business Manager Salary - ₹3.5 Lakhs to ₹7.5 Lakhs per year

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

The estimated take-home salary of a Business Manager at SBI General Insurance ranges between ₹63,839 per month to ₹65,465 per month in India. The take-home salary calculation is based on the average SBI General Insurance Business Manager salary in India which ranges between ₹4.0 Lakhs to ₹15.1 Lakhs per year for employees with experience between 6 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Business Manager at SBI General Insurance?

According to AmbitionBox, 100% of the SBI General Insurance Business Managers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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SBI General Insurance Business Manager Salaries

SBI General Insurance Business Manager salary in India ranges between ₹4 Lakhs to ₹15.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SBI General Insurance latest salaries received from various employees of SBI General Insurance.