SBI General Insurance Cluster Head Salaries by 7 Employees

14 - 19 years exp.

₹8.7 Lakhs - ₹20 Lakhs

Low Confidence

Salary of majority employees

Fixed (84%)

₹11.7 Lakhs

Variable (16%)

₹2.3 Lakhs

At par with the average Cluster Head Salary in Insurance Companies for 14 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Head Salary 14 - 19 years exp. (3 salaries)	₹9.2 L/yr - ₹20 L/yr
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Sales & Business Development Cluster Head Salary 14 - 16 years exp. (AmbitionBox Estimate)	₹8.7 L/yr - ₹10.4 L/yr

Last Updated: 10 Oct 2024

Companies similar to SBI General Insurance for Cluster Head

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Cluster Head Salary 6 - 20 years exp. (27 salaries)	₹7 L/yr - ₹16 L/yr 18% less
HDFC Life Cluster Head Salary 5 - 16 years exp. (27 salaries)	₹7.5 L/yr - ₹14 L/yr 26% less
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Bajaj Allianz Life Insurance Cluster Head Salary 7 - 12 years exp. (24 salaries)	₹7 L/yr - ₹13 L/yr 30% less
Aditya Birla Sun Life Insurance Cluster Head Salary 6 - 9 years exp. (14 salaries)	₹7 L/yr - ₹12 L/yr 34% less
ICICI Prudential Life Insurance Cluster Head Salary 4 - 19 years exp. (13 salaries)	₹8.1 L/yr - ₹15 L/yr 20% less
Aditya Birla Health Insurance Co Cluster Head Salary 5 - 10 years exp. (10 salaries)	₹6 L/yr - ₹15.1 L/yr 30% less
PNB MetLife Cluster Head Salary 12 - 18 years exp. (9 salaries)	₹15.5 L/yr - ₹18 L/yr 21% more
Kotak Mahindara Life Insurance Cluster Head Salary 8 - 21 years exp. (9 salaries)	₹5.2 L/yr - ₹21.8 L/yr 14% less
Tata AIA Life Insurance Cluster Head Salary 10 - 16 years exp. (8 salaries)	₹9.5 L/yr - ₹20.5 L/yr 12% less	1 job opening
Reliance Nippon Life Insurance Cluster Head Salary 12 - 19 years exp. (5 salaries)	₹7.8 L/yr - ₹12 L/yr 30% less
Aviva Life Insurance India Cluster Head Salary 14 - 21 years exp. (4 salaries)	₹17 L/yr - ₹19.4 L/yr 28% more
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Shriram Life Insurance Cluster Head Salary 11 - 15 years exp. (4 salaries)	₹4.8 L/yr - ₹15 L/yr 38% less
Royal Sundaram General Insurance Cluster Head Salary 6 - 18 years exp. (4 salaries)	₹5.9 L/yr - ₹16 L/yr 13% less
ManipalCigna Health Insurance Cluster Head Salary 10 - 19 years exp. (4 salaries)	₹5.8 L/yr - ₹10 L/yr 45% less
Magma HDI General Insurance Cluster Head Salary 12 - 14 years exp. (3 salaries)	₹8.3 L/yr - ₹11.7 L/yr 25% less

Cluster Head salary at SBI General Insurance ranges between ₹8.7 Lakhs to ₹20 Lakhs per year for employees with experience between 14 years to 19 years. Salary estimates are based on 7 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Cluster Head salaries

Last Updated: 10 Oct 2024

Experience	Avg Annual Salary
14 years (3 salaries)	₹8.7 L/yr - ₹14 L/yr
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15+ years (4 salaries)	₹9.8 L/yr - ₹20 L/yr

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Salary related reviews for SBI General Insurance

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

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3.0

• posted on 29 Apr 2023

3.0

for Salary and Benefits

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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

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...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

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Business Development Manager in Vijayawada

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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

Relationship Manager in Gulbarga

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 .

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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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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SBI General Insurance Cluster Head Salary FAQs

What is the salary of Cluster Head at SBI General Insurance ?

The average salary of a Cluster Head at SBI General Insurance in India typically ranges from ₹8.7 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 14 years to 19 years).

The top 10% of Cluster Head at SBI General Insurance earn more than ₹18.8 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Cluster Head 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 7 SBI General Insurance employees in India.

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

The estimated take-home salary of a Cluster Head at SBI General Insurance in India typically ranges from ₹97,948 to ₹1,00,604 per month. This is based on the average salary range of ₹8.7 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 14 years to 19 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 7 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 Cluster Head in India?

Aviva Life Insurance India	₹17.0 Lakhs to ₹19.4 Lakhs per year
PNB MetLife	₹15.5 Lakhs to ₹18.0 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 Cluster Head in companies similar to SBI General Insurance in India?

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

Tata AIA Life Insurance	₹9.5 Lakhs to ₹20.5 Lakhs per year
Royal Sundaram General Insurance	₹5.9 Lakhs to ₹16.0 Lakhs per year
Kotak Mahindara Life Insurance	₹5.2 Lakhs to ₹21.8 Lakhs per year
Axis Max Life Insurance	₹7.0 Lakhs to ₹16.0 Lakhs per year
ICICI Prudential Life Insurance	₹8.1 Lakhs to ₹15.0 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 Cluster Head at SBI General Insurance in India?

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

Experience	Average Salary Range
14 years	₹8.7 Lakhs to ₹14.0 Lakhs per year
15 years	₹9.8 Lakhs to ₹20.0 Lakhs per year

and so on.

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SBI General Insurance Cluster Head Salaries

SBI General Insurance Cluster Head salary in India ranges between ₹8.7 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 SBI General Insurance latest salaries received from various employees of SBI General Insurance.