SBI General Insurance Chief Manager Salaries by 50+ Employees (Updated 2025)

4 - 20 years exp.

₹11.5 Lakhs - ₹27 Lakhs

Salary of majority employees

23% less than the average Chief Manager Salary in Insurance Companies for 4 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading Chief Manager Salary 7 - 20 years exp. (23 salaries)	₹11.5 L/yr - ₹21 L/yr
Sales & Business Development Chief Manager Salary 11 - 16 years exp. (8 salaries)	₹13.7 L/yr - ₹21 L/yr
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Project & Program Management Chief Manager Salary 8 - 17 years exp. (4 salaries)	₹16.9 L/yr - ₹27 L/yr
Customer Success, Service & Operations Chief Manager Salary 13 - 20 years exp. (3 salaries)	₹14.7 L/yr - ₹20.7 L/yr
Finance & Accounting Chief Manager Salary 5 - 7 years exp. (3 salaries)	₹13.6 L/yr - ₹20 L/yr

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Last Updated: 14 Jan 2025

Companies similar to SBI General Insurance for Chief Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Chief Manager Salary 3 - 19 years exp. (445 salaries)	₹9.5 L/yr - ₹22 L/yr 4% less
Reliance General Insurance Chief Manager Salary 9 - 20 years exp. (44 salaries)	₹9.8 L/yr - ₹27 L/yr 3% less
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Tata AIG Chief Manager Salary 1 - 15 years exp. (280 salaries)	₹8.8 L/yr - ₹25.2 L/yr At par
Kotak Mahindara Life Insurance Chief Manager Salary 0 - 17 years exp. (457 salaries)	₹5.1 L/yr - ₹19 L/yr 36% less
HDFC Life Chief Manager Salary 5 - 20 years exp. (207 salaries)	₹14 L/yr - ₹31.8 L/yr 37% more
Max Life Insurance Chief Manager Salary 13 - 20 years exp. (129 salaries)	₹11.9 L/yr - ₹42 L/yr 40% more	5 job openings
Reliance Nippon Life Insurance Chief Manager Salary 9 - 23 years exp. (103 salaries)	₹7 L/yr - ₹24 L/yr 14% less
ICICI Prudential Life Insurance Chief Manager Salary 7 - 23 years exp. (70 salaries)	₹14.5 L/yr - ₹40 L/yr 56% more
Aditya Birla Health Insurance Co Chief Manager Salary 5 - 19 years exp. (62 salaries)	₹12 L/yr - ₹36.5 L/yr 35% more
Aditya Birla Sun Life Insurance Chief Manager Salary 4 - 19 years exp. (54 salaries)	₹12 L/yr - ₹38 L/yr 31% more
Bajaj Allianz Life Insurance Chief Manager Salary 7 - 21 years exp. (56 salaries)	₹12.5 L/yr - ₹37 L/yr 49% more
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PNB MetLife Chief Manager Salary 6 - 16 years exp. (54 salaries)	₹14 L/yr - ₹30 L/yr 38% more
Star Health & Allied Insurance Chief Manager Salary 5 - 20 years exp. (41 salaries)	₹5.3 L/yr - ₹21.3 L/yr 25% less
Cholamandalam MS General Insurance Chief Manager Salary 8 - 22 years exp. (20 salaries)	₹19 L/yr - ₹30 L/yr 43% more
MetLife Chief Manager Salary 3 - 22 years exp. (4 salaries)	₹1 L/yr - ₹31.9 L/yr 5% less
SBI Life Insurance Company Chief Manager Salary 2 - 20 years exp. (4 salaries)	₹17 L/yr - ₹40 L/yr 80% more
Care Health Insurance Chief Manager Salary 2 - 15 years exp. (4 salaries)	₹7 L/yr - ₹12.5 L/yr 39% less
Gallagher Chief Manager Salary 7 - 13 years exp. (3 salaries)	₹15 L/yr - ₹17.5 L/yr 1% less

Chief Manager salary at SBI General Insurance ranges between ₹11.5 Lakhs to ₹27 Lakhs per year for employees with experience between 4 years to 20 years. Salary estimates are based on 56 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Chief Manager salaries

Last Updated: 14 Jan 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹13.1 L/yr - ₹25.7 L/yr
5 years (3 salaries)	₹13.6 L/yr - ₹14.8 L/yr
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6 years (3 salaries)	₹6 L/yr - ₹18.3 L/yr
7 years (4 salaries)	₹14.1 L/yr - ₹20 L/yr
8 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹20.8 L/yr
9 years (3 salaries)	₹12.1 L/yr - ₹17.7 L/yr
10 years (3 salaries)	₹15 L/yr - ₹18 L/yr
11 years (4 salaries)	₹12.1 L/yr - ₹18 L/yr
12 years (3 salaries)	₹13.7 L/yr - ₹18.1 L/yr
13 years (5 salaries)	₹11.5 L/yr - ₹19 L/yr
14 years (5 salaries)	₹11.5 L/yr - ₹21 L/yr
15+ years (21 salaries)	₹12 L/yr - ₹27 L/yr

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Similar Designation salaries in SBI General Insurance

Area Manager Salary

(6 salaries)

₹8.98 L/yr - ₹15.2 L/yr

Sales Manager Salary

(13 salaries)

₹3.28 L/yr - ₹6.22 L/yr

Credit Manager Salary

(AmbitionBox Estimate)

₹11.9 L/yr - ₹15.2 L/yr

Cluster Manager Salary

(34 salaries)

₹7 L/yr - ₹16.68 L/yr

Branch Manager Salary

(7 salaries)

₹6.5 L/yr - ₹10.5 L/yr

Deputy Manager Salary

(172 salaries)

₹3.7 L/yr - ₹9.1 L/yr

Territory Manager Salary

(3 salaries)

₹5.2 L/yr - ₹9.3 L/yr

Operations Manager Salary

(5 salaries)

₹3.75 L/yr - ₹6.25 L/yr

Area Sales Manager Salary

(84 salaries)

₹7.5 L/yr - ₹22 L/yr

Sales Officer Salary

(5 salaries)

₹2 L/yr - ₹5 L/yr

Salary related reviews for SBI General Insurance

3.0

Rated by 8 employees for salary & benefits

Chief Manager in Bangalore / Bengaluru

Full Time

Sales & Business Development Department

1.0

• posted on 07 Jun 2024

1.0

for Salary and Benefits

Likes

You will get your salary on time. Apart from this nothing is good about this company.

Dislikes

Nothing is good about this company. Company doesnt give work from home, but those people who are close to the higher management get plenty of work from home. If you are hard working, no one cares, if you are smart worker, no one cares. But if you know someone very important in the organisation then you are important. Favouritism and fawning are the only 2 qualities which will take you to heights. There is no transparency in the team, boss will discuss important matter with only those people who are close to him. Different department people will be made your boss who will himself not know the work. If you complain to the HR then HR will complain about you to your boss and your boss will make your life miserable. If your boss doesnt like you, he will not give you work and will purposely put u in pip. Competent people have left the organization and those who are here since the past 10 years are so lethargic and useless that you with be able to work with them. The HR does nothing to remove this toxicity and HR is also lethargic. A simple offer letter HR will release after 20 days. If you ask to change ur phone number in company portal HR will take minimum 6 months. My suggestion is, even if you are unemployed please dont join SBI General.

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.

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 .

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.

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.

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.

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

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Salary Discussions, Hike & Promotions

1w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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SBI General Insurance Chief Manager Salary FAQs

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

Chief Manager salary at SBI General Insurance in India ranges between ₹11.5 Lakhs to ₹27.0 Lakhs for experience between 4 years to 20 years. According to our estimates it is 23% less than the average Chief Manager Salary in India. Salary estimates are based on 56 latest salaries received from various employees of SBI General Insurance India.

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

The average salary of a Chief Manager at SBI General Insurance is 23% less than the average salary of a Chief Manager in India. To know exact salary insights, login to view.

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

SBI Life Insurance Company Chief Manager Salary - ₹17.0 Lakhs to ₹40.0 Lakhs per year
ICICI Prudential Life Insurance Chief Manager Salary - ₹14.5 Lakhs to ₹40.0 Lakhs per year
Bajaj Allianz Life Insurance Chief Manager Salary - ₹12.5 Lakhs to ₹37.0 Lakhs per year
Cholamandalam MS General Insurance Chief Manager Salary - ₹19.0 Lakhs to ₹30.0 Lakhs per year
Max Life Insurance Chief Manager Salary - ₹11.9 Lakhs to ₹42.0 Lakhs per year

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

PNB MetLife Chief Manager Salary - ₹14.0 Lakhs to ₹30.0 Lakhs per year
HDFC Life Chief Manager Salary - ₹14.0 Lakhs to ₹31.8 Lakhs per year
Aditya Birla Health Insurance Co Chief Manager Salary - ₹12.0 Lakhs to ₹36.5 Lakhs per year
Aditya Birla Sun Life Insurance Chief Manager Salary - ₹12.0 Lakhs to ₹38.0 Lakhs per year
Tata AIG Chief Manager Salary - ₹8.8 Lakhs to ₹25.2 Lakhs per year

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

The estimated take-home salary of a Chief Manager at SBI General Insurance ranges between ₹1,14,156 per month to ₹1,17,335 per month in India. The take-home salary calculation is based on the average SBI General Insurance Chief Manager salary in India which ranges between ₹11.5 Lakhs to ₹27.0 Lakhs per year for employees with experience between 4 years to 20 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 99% of the SBI General Insurance Chief Managers reported a notice period of 3 Months, 1% reported a notice period of 2 Months.This is based on 70 responses on AmbitionBox in last 2 years.

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SBI General Insurance Chief Manager Salaries

SBI General Insurance Chief Manager salary in India ranges between ₹11.5 Lakhs to ₹27 Lakhs with an average annual salary of ₹. Salary estimates are based on 56 SBI General Insurance latest salaries received from various employees of SBI General Insurance.