SBI General Insurance Mumbai Chief Manager Salaries by 20+ Employees (Updated 2025)

4 - 20 years exp.

₹12 Lakhs - ₹20.7 Lakhs

Salary of majority employees

Fixed (84%)

₹13.6 Lakhs

Variable (16%)

₹2.6 Lakhs

26% 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. (7 salaries)	₹12 L/yr - ₹19 L/yr
Sales & Business Development Chief Manager Salary 11 - 14 years exp. (4 salaries)	₹13.7 L/yr - ₹19 L/yr
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Finance & Accounting Chief Manager Salary 5 - 7 years exp. (3 salaries)	₹13.6 L/yr - ₹20 L/yr
IT & Information Security Chief Manager Salary 7 - 9 years exp. (AmbitionBox Estimate)	₹14.5 L/yr - ₹17 L/yr
Legal & Regulatory Chief Manager Salary 6 - 10 years exp. (AmbitionBox Estimate)	₹15.9 L/yr - ₹18.3 L/yr

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Last Updated: 15 Mar 2025

Companies similar to SBI General Insurance for Chief Manager in Mumbai

SBI General Insurance Chief Manager Salary

4 - 20 years exp. (24 salaries)

₹12 L/yr - ₹20.7 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Chief Manager Salary 0 - 17 years exp. (262 salaries)	₹5.5 L/yr - ₹18.5 L/yr 28% less
HDFC Life Chief Manager Salary 5 - 20 years exp. (163 salaries)	₹14 L/yr - ₹30 L/yr 42% more	2 job openings
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Reliance Nippon Life Insurance Chief Manager Salary 7 - 22 years exp. (56 salaries)	₹8 L/yr - ₹25 L/yr 5% less
ICICI Prudential Life Insurance Chief Manager Salary 9 - 22 years exp. (55 salaries)	₹14.5 L/yr - ₹40 L/yr 68% more
Aditya Birla Health Insurance Co Chief Manager Salary 2 - 19 years exp. (48 salaries)	₹13.3 L/yr - ₹36.2 L/yr 53% more
Aditya Birla Sun Life Insurance Chief Manager Salary 4 - 18 years exp. (39 salaries)	₹13 L/yr - ₹35 L/yr 50% more
PNB MetLife Chief Manager Salary 6 - 16 years exp. (31 salaries)	₹18.2 L/yr - ₹30.6 L/yr 57% more	1 job opening
Axis Max Life Insurance Chief Manager Salary 13 - 20 years exp. (14 salaries)	₹12.6 L/yr - ₹30 L/yr 45% more	3 job openings
Bajaj Allianz Life Insurance Chief Manager Salary 7 - 21 years exp. (17 salaries)	₹18 L/yr - ₹37.8 L/yr 51% more
Cholamandalam MS General Insurance Chief Manager Salary 11 - 20 years exp. (5 salaries)	₹20 L/yr - ₹24.3 L/yr 42% more
Gallagher Chief Manager Salary 7 - 13 years exp. (3 salaries)	₹15 L/yr - ₹17.5 L/yr 3% more
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Chief Manager salary at SBI General Insurance ranges between ₹12 Lakhs to ₹20.7 Lakhs per year for employees with experience between 4 years to 20 years. Salary estimates are based on 24 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Chief Manager salaries in Mumbai

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
4 years (3 salaries)	₹13.1 L/yr - ₹27.1 L/yr
5 years (AmbitionBox Estimate)	₹13.7 L/yr - ₹17.5 L/yr
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6 years (AmbitionBox Estimate)	₹13.8 L/yr - ₹17.7 L/yr
7 years (3 salaries)	₹14.1 L/yr - ₹20 L/yr
8 years (AmbitionBox Estimate)	₹14.1 L/yr - ₹18 L/yr
9 years (AmbitionBox Estimate)	₹14.2 L/yr - ₹18.2 L/yr
10 years (AmbitionBox Estimate)	₹14.4 L/yr - ₹18.3 L/yr
11 years (3 salaries)	₹12.1 L/yr - ₹29 L/yr
12 years (AmbitionBox Estimate)	₹14.6 L/yr - ₹18.7 L/yr
13 years (AmbitionBox Estimate)	₹14.8 L/yr - ₹18.9 L/yr
14 years (AmbitionBox Estimate)	₹14.9 L/yr - ₹19 L/yr
15+ years (5 salaries)	₹12 L/yr - ₹20.7 L/yr

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Similar Designation salaries in SBI General Insurance

Deputy Manager Salary

(28 salaries)

₹4.3 L/yr - ₹10.56 L/yr

Area Sales Manager Salary

(5 salaries)

₹11 L/yr - ₹17 L/yr

Operations Manager Salary

(3 salaries)

₹3.75 L/yr - ₹6.25 L/yr

Salary related reviews for SBI General Insurance

3.0

Rated by 5 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.

Salary - Bad

+6 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

see more salary related reviews

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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 Chief Manager Salary FAQs

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

The average salary of a Chief Manager at SBI General Insurance in Mumbai typically ranges from ₹12.0 Lakhs to ₹20.7 Lakhs per year, depending on experience (from 4 years to 20 years).

The top 10% of Chief Manager in Mumbai at SBI General Insurance earn more than ₹19.1 Lakhs per year, and the top 1% earn over ₹20.7 Lakhs per year. Chief 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 20+ SBI General Insurance employees in India.

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

The estimated take-home salary of a Chief Manager at SBI General Insurance in Mumbai typically ranges from ₹1,10,849 to ₹1,13,921 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹20.7 Lakhs per year for employees with experience ranging from 4 years to 20 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 20+ 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 Chief Manager in India?

ICICI Prudential Life Insurance	₹14.5 Lakhs to ₹40.0 Lakhs per year
PNB MetLife	₹18.2 Lakhs to ₹30.6 Lakhs per year
Aditya Birla Health Insurance Co	₹13.3 Lakhs to ₹36.2 Lakhs per year
Bajaj Allianz Life Insurance	₹18.0 Lakhs to ₹37.8 Lakhs per year
Aditya Birla Sun Life Insurance	₹13.0 Lakhs to ₹35.0 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 Chief Manager in companies similar to SBI General Insurance in Mumbai?

The salary of a Chief 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:

Axis Max Life Insurance	₹12.6 Lakhs to ₹30.0 Lakhs per year
Cholamandalam MS General Insurance	₹20.0 Lakhs to ₹24.3 Lakhs per year
HDFC Life	₹14.0 Lakhs to ₹30.0 Lakhs per year
Gallagher	₹15.0 Lakhs to ₹17.5 Lakhs per year
Reliance Nippon Life Insurance	₹8.0 Lakhs to ₹25.0 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 Chief Manager at SBI General Insurance in Mumbai?

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

Experience	Average Salary Range
4 years	₹13.1 Lakhs to ₹27.1 Lakhs per year
5 years	₹13.7 Lakhs to ₹17.5 Lakhs per year
6 years	₹13.8 Lakhs to ₹17.7 Lakhs per year
7 years	₹14.1 Lakhs to ₹20.0 Lakhs per year

and so on.

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SBI General Insurance Chief Manager Salaries in Mumbai

SBI General Insurance Chief Manager salary in Mumbai ranges between ₹12 Lakhs to ₹20.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 24 SBI General Insurance latest salaries received from various employees of SBI General Insurance.