SBI General Insurance Cluster Manager Banca Salaries by 4 Employees

12 - 17 years exp.

₹7.5 Lakhs - ₹10 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

23% more than the average Cluster Manager Banca Salary in Insurance Companies for 12 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Banca Salary 14 years exp. (AmbitionBox Estimate)	₹8.5 L/yr - ₹9.7 L/yr
Marketing & Communication Cluster Manager Banca Salary 13 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹10 L/yr
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Sales & Business Development Cluster Manager Banca Salary 17 years exp. (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.5 L/yr

Last Updated: 21 Jul 2024

Companies similar to SBI General Insurance for Cluster Manager Banca

Company name	Avg Annual Salary	Open Jobs
HDFC Life Cluster Manager Banca Salary 7 - 16 years exp. (46 salaries)	₹7 L/yr - ₹11.5 L/yr 5% more
Aditya Birla Sun Life Insurance Cluster Manager Banca Salary 4 - 12 years exp. (41 salaries)	₹6 L/yr - ₹12.6 L/yr 7% less
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Star Health & Allied Insurance Cluster Manager Banca Salary 5 - 13 years exp. (22 salaries)	₹5 L/yr - ₹9.8 L/yr 24% less
Axis Max Life Insurance Cluster Manager Banca Salary 7 - 17 years exp. (13 salaries)	₹9 L/yr - ₹12.3 L/yr 22% more
Aditya Birla Health Insurance Co Cluster Manager Banca Salary 3 - 18 years exp. (9 salaries)	₹5.1 L/yr - ₹9 L/yr 19% less
Bajaj Allianz Life Insurance Cluster Manager Banca Salary 7 - 13 years exp. (9 salaries)	₹6 L/yr - ₹10 L/yr 11% less
Kotak Mahindara Life Insurance Cluster Manager Banca Salary 8 - 17 years exp. (7 salaries)	₹5.5 L/yr - ₹13 L/yr 2% more
Reliance Nippon Life Insurance Cluster Manager Banca Salary 9 - 11 years exp. (5 salaries)	₹4.4 L/yr - ₹6 L/yr 41% less
Tata AIA Life Insurance Cluster Manager Banca Salary 8 - 13 years exp. (5 salaries)	₹7 L/yr - ₹10 L/yr At par
ICICI Prudential Life Insurance Cluster Manager Banca Salary 2 - 15 years exp. (4 salaries)	₹6.5 L/yr - ₹18 L/yr 17% more
PNB MetLife Cluster Manager Banca Salary 6 - 8 years exp. (3 salaries)	₹4 L/yr - ₹5.8 L/yr 40% less
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Cluster Manager Banca salary at SBI General Insurance ranges between ₹7.5 Lakhs to ₹10 Lakhs per year for employees with experience between 12 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Cluster Manager Banca salaries

Last Updated: 21 Jul 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.9 L/yr
13 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
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14 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10.1 L/yr
15+ years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr

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Salary related reviews for SBI General Insurance

4.0

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

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

Bancassurance Manager in Kharagpur

Sales & Distribution Department

4.0

• posted on 26 Jun 2022

2.0

for Salary and Benefits

Likes

Company structure is Good.They give good salary hike and bonus every year.Team mates are supportive.

Skill development - Good

+1 more

Dislikes

Some of management's people are not address our issues properly and so many of politics are there.New comer are not trained properly before work etc.

Salary - Poor

+2 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 Cluster Manager Banca Salary FAQs

What is the salary of Cluster Manager Banca at SBI General Insurance ?

The average salary of a Cluster Manager Banca at SBI General Insurance in India typically ranges from ₹7.5 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 12 years to 17 years).

The top 10% of Cluster Manager Banca at SBI General Insurance earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Cluster Manager Banca 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 4 SBI General Insurance employees in India.

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

The estimated take-home salary of a Cluster Manager Banca at SBI General Insurance in India typically ranges from ₹63,878 to ₹65,504 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 12 years to 17 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 4 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 Manager Banca in India?

Axis Max Life Insurance	₹9.0 Lakhs to ₹12.3 Lakhs per year
ICICI Prudential Life Insurance	₹6.5 Lakhs to ₹18.0 Lakhs per year
HDFC Life	₹7.0 Lakhs to ₹11.5 Lakhs per year
Kotak Mahindara Life Insurance	₹5.5 Lakhs to ₹13.0 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 Manager Banca in companies similar to SBI General Insurance in India?

The salary of a Cluster Manager Banca 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	₹7.0 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹6.0 Lakhs to ₹12.6 Lakhs per year
Bajaj Allianz Life Insurance	₹6.0 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Health Insurance Co	₹5.1 Lakhs to ₹9.0 Lakhs per year
Star Health & Allied Insurance	₹5.0 Lakhs to ₹9.8 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 Manager Banca at SBI General Insurance in India?

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

Experience	Average Salary Range
12 years	₹7.7 Lakhs to ₹9.9 Lakhs per year
13 years	₹7.8 Lakhs to ₹10.0 Lakhs per year
14 years	₹7.9 Lakhs to ₹10.1 Lakhs per year
15 years	₹8.1 Lakhs to ₹10.3 Lakhs per year

and so on.

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SBI General Insurance Cluster Manager Banca Salaries

SBI General Insurance Cluster Manager Banca salary in India ranges between ₹7.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SBI General Insurance latest salaries received from various employees of SBI General Insurance.