SBI General Insurance Deputy Manager Band 1 Salaries by 4 Employees (Updated 2025)

7 - 10 years exp.

₹5 Lakhs - ₹5.5 Lakhs

Low Confidence

Salary of majority employees

5% less than the average Deputy Manager Band 1 Salary in Insurance Companies for 7 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager Band 1 Salary 7 - 10 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹5.5 L/yr
Finance & Accounting Deputy Manager Band 1 Salary 10 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr
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Sales & Business Development Deputy Manager Band 1 Salary 8 years exp. (AmbitionBox Estimate)	₹4.8 L/yr - ₹5.8 L/yr

Last Updated: 2 Aug 2024

Companies similar to SBI General Insurance for Deputy Manager Band 1

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Deputy Manager Band 1 Salary 3 - 13 years exp. (12 salaries)	₹4.8 L/yr - ₹7.5 L/yr 21% more
Bajaj Allianz General Insurance Deputy Manager Band 1 Salary 2 - 12 years exp. (4 salaries)	₹4.5 L/yr - ₹12 L/yr 76% more
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Tata AIG Deputy Manager Band 1 Salary 2 - 8 years exp. (49 salaries)	₹2.5 L/yr - ₹4.7 L/yr 30% less
Max Life Insurance Deputy Manager Band 1 Salary 5 - 8 years exp. (5 salaries)	₹4.3 L/yr - ₹5.1 L/yr 9% less
HDFC Life Deputy Manager Band 1 Salary 6 - 11 years exp. (5 salaries)	₹5.8 L/yr - ₹8.3 L/yr 35% more
Aditya Birla Health Insurance Co Deputy Manager Band 1 Salary 5 - 9 years exp. (3 salaries)	₹4.4 L/yr - ₹5.9 L/yr 2% less

Deputy Manager Band 1 salary at SBI General Insurance ranges between ₹5 Lakhs to ₹5.5 Lakhs per year for employees with experience between 7 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Deputy Manager Band 1 salaries

Last Updated: 2 Aug 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹5.5 L/yr
8 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹9.6 L/yr
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9 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
10 years (AmbitionBox Estimate)	₹5 L/yr - ₹5 L/yr

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Salary related reviews for SBI General Insurance

4.0

Rated by 1 employees for salary & benefits

Customer Service Associate in Thane

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 10 May 2023

1.0

for Salary and Benefits

Likes

Work as a team.supoort each other

Skill development - Good

+1 more

Dislikes

1 pay roll is less. Ihave worked with salary of 13000 and comp taken mba person same job 25000salart new comers also getting 20000 salary 2)increment is not done by calibar it is gone by licking a$$ of manager got 2rating.....other also who work hard got1/2. But buttering emp got 4star rating 3)company official are more interested in home life then work life. 4)company dont give opportunity for movement in other sector...tl also guide as a headache. Job if new post are available. 5)working feels good out of office within office it a jail like scenario where lunch break/tea all are fixed...we have to move with team if we are starting not... 6)manager and hr are not helping for any scenario. .

Salary - Bad

+4 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

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fathersahaab

works at

AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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SBI General Insurance Deputy Manager Band 1 Salary FAQs

What is the salary of Deputy Manager Band 1 at SBI General Insurance?

Deputy Manager Band 1 salary at SBI General Insurance in India ranges between ₹5.0 Lakhs to ₹5.5 Lakhs for experience between 7 years to 10 years. According to our estimates it is 5% less than the average Deputy Manager Band 1 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 Deputy Manager Band 1 at SBI General Insurance India compare with the average salary range for this job?

The average salary of a Deputy Manager Band 1 at SBI General Insurance is 5% less than the average salary of a Deputy Manager Band 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than SBI General Insurance to a Deputy Manager Band 1 in India?

Bajaj Allianz General Insurance Deputy Manager Band 1 Salary - ₹4.5 Lakhs to ₹12.0 Lakhs per year
HDFC Life Deputy Manager Band 1 Salary - ₹5.8 Lakhs to ₹8.3 Lakhs per year
HDFC Ergo General Insurance Deputy Manager Band 1 Salary - ₹4.8 Lakhs to ₹7.5 Lakhs per year

What is the salary of a Deputy Manager Band 1 in companies similar to SBI General Insurance in India?

Aditya Birla Health Insurance Co Deputy Manager Band 1 Salary - ₹4.4 Lakhs to ₹5.9 Lakhs per year
Max Life Insurance Deputy Manager Band 1 Salary - ₹4.3 Lakhs to ₹5.1 Lakhs per year
Tata AIG Deputy Manager Band 1 Salary - ₹2.5 Lakhs to ₹4.7 Lakhs per year

What is the estimated take home salary of a Deputy Manager Band 1 at SBI General Insurance in India?

The estimated take-home salary of a Deputy Manager Band 1 at SBI General Insurance ranges between ₹39,505 per month to ₹40,678 per month in India. The take-home salary calculation is based on the average SBI General Insurance Deputy Manager Band 1 salary in India which ranges between ₹5.0 Lakhs to ₹5.5 Lakhs per year for employees with experience between 7 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager Band 1 at SBI General Insurance?

According to AmbitionBox, 50% of the SBI General Insurance Deputy Manager Band 1s reported a notice period of 1 Month, 17% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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SBI General Insurance Deputy Manager Band 1 Salaries

SBI General Insurance Deputy Manager Band 1 salary in India ranges between ₹5 Lakhs to ₹5.5 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.

SBI General Insurance Deputy Manager Band 1 salaries in India

Companies similar to SBI General Insurance for Deputy Manager Band 1

Latest annual salaries shared by SBI General Insurance Deputy Manager Band 1

Experience wise SBI General Insurance Deputy Manager Band 1 salaries

Similar Designation salaries in SBI General Insurance

Salary related reviews for SBI General Insurance

Customer Service Associate in Thane

Business Development Manager in Gorakhpur

Business Development Manager in Gorakhpur

Sales Manager in Gwalior

Business Development Manager in Vijayawada

SBI General Insurance Deputy Manager Band 1 Salary FAQs

Tell us how to improve this page.

SBI General Insurance Deputy Manager Band 1 Salaries by Location