SBI General Insurance Cluster Manager Banca Salaries by 4 Employees (Updated 2025)

12 - 17 years exp.

₹7.5 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

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
ICICI Lombard General Insurance Company Cluster Manager Banca Salary 2 - 14 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 16% more
HDFC Ergo General Insurance Cluster Manager Banca Salary 3 - 8 years exp. (5 salaries)	₹4.6 L/yr - ₹4.9 L/yr 45% less
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Reliance General Insurance Cluster Manager Banca Salary 11 - 17 years exp. (9 salaries)	₹8 L/yr - ₹10.7 L/yr 11% more
Tata AIG Cluster Manager Banca Salary 7 - 11 years exp. (3 salaries)	₹4.9 L/yr - ₹5.7 L/yr 41% less
Future Generali India Life Insurance Cluster Manager Banca Salary 9 - 10 years exp. (3 salaries)	₹4 L/yr - ₹13 L/yr 1% less
HDFC Life Cluster Manager Banca Salary 7 - 16 years exp. (48 salaries)	₹7 L/yr - ₹11.5 L/yr 5% more
Aditya Birla Sun Life Insurance Cluster Manager Banca Salary 4 - 12 years exp. (42 salaries)	₹6 L/yr - ₹12.6 L/yr 11% less
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 13% less
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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

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)	₹7.5 L/yr - ₹15.5 L/yr
13 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹10 L/yr
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14 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹15.8 L/yr
15+ years (AmbitionBox Estimate)	₹3.6 L/yr - ₹9.4 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

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1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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SBI General Insurance Cluster Manager Banca Salary FAQs

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

Cluster Manager Banca salary at SBI General Insurance in India ranges between ₹7.5 Lakhs to ₹10.0 Lakhs for experience between 12 years to 17 years. According to our estimates it is 23% more than the average Cluster Manager Banca Salary in India. Salary estimates are based on 4 latest salaries received from various employees of SBI General Insurance India.

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

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

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

Axis Max Life Insurance Cluster Manager Banca Salary - ₹9.0 Lakhs to ₹12.3 Lakhs per year
ICICI Prudential Life Insurance Cluster Manager Banca Salary - ₹6.5 Lakhs to ₹18.0 Lakhs per year
ICICI Lombard General Insurance Company Cluster Manager Banca Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year
Reliance General Insurance Cluster Manager Banca Salary - ₹8.0 Lakhs to ₹10.7 Lakhs per year
HDFC Life Cluster Manager Banca Salary - ₹7.0 Lakhs to ₹11.5 Lakhs per year

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

Kotak Mahindara Life Insurance Cluster Manager Banca Salary - ₹5.5 Lakhs to ₹13.0 Lakhs per year
Tata AIA Life Insurance Cluster Manager Banca Salary - ₹7.0 Lakhs to ₹10.0 Lakhs per year
Future Generali India Life Insurance Cluster Manager Banca Salary - ₹4.0 Lakhs to ₹13.0 Lakhs per year
Aditya Birla Sun Life Insurance Cluster Manager Banca Salary - ₹6.0 Lakhs to ₹12.6 Lakhs per year
Bajaj Allianz Life Insurance Cluster Manager Banca Salary - ₹6.0 Lakhs to ₹10.0 Lakhs per year

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 ranges between ₹63,878 per month to ₹65,504 per month in India. The take-home salary calculation is based on the average SBI General Insurance Cluster Manager Banca salary in India which ranges between ₹7.5 Lakhs to ₹10.0 Lakhs per year for employees with experience between 12 years to 17 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 75% of the SBI General Insurance Cluster Manager Bancas reported a notice period of 3 Months, 25% reported a notice period of 1 Month.This is based on 8 responses on AmbitionBox in last 2 years.

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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.