SBI General Insurance Insurance Manager Salaries by 7 Employees (Updated 2025)

0 - 16 years exp.

₹2.4 Lakhs - ₹7.5 Lakhs

Low Confidence

Salary of majority employees

15% more than the average Insurance Manager Salary in Insurance Companies for 0 - 16 years of experience

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Last Updated: 19 Jan 2025

Companies similar to SBI General Insurance for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Insurance Manager Salary 3 - 13 years exp. (15 salaries)	₹2.4 L/yr - ₹8 L/yr 9% less
HDFC Ergo General Insurance Insurance Manager Salary 5 - 11 years exp. (8 salaries)	₹4 L/yr - ₹9.4 L/yr 28% more
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Bajaj Allianz General Insurance Insurance Manager Salary 0 - 4 years exp. (6 salaries)	₹2.5 L/yr - ₹4.6 L/yr 11% less
Reliance General Insurance Insurance Manager Salary 0 - 17 years exp. (6 salaries)	₹3 L/yr - ₹5.1 L/yr 9% less
Tata AIG Insurance Manager Salary 3 - 14 years exp. (8 salaries)	₹2.7 L/yr - ₹6.1 L/yr 4% less
National Insurance Company Insurance Manager Salary 6 - 32 years exp. (4 salaries)	₹12.5 L/yr - ₹14 L/yr 180% more
The New India Assurance Co. Insurance Manager Salary 3 - 7 years exp. (3 salaries)	₹1.2 L/yr - ₹15 L/yr 40% more
Future Generali India Life Insurance Insurance Manager Salary 1 - 6 years exp. (46 salaries)	₹1 L/yr - ₹6 L/yr 31% less
PNB MetLife Insurance Manager Salary 1 - 8 years exp. (63 salaries)	₹0.6 L/yr - ₹5.3 L/yr 19% less
HDFC Life Insurance Manager Salary 1 - 6 years exp. (51 salaries)	₹2.5 L/yr - ₹6 L/yr 20% less
Bajaj Allianz Life Insurance Insurance Manager Salary 1 - 7 years exp. (45 salaries)	₹1.5 L/yr - ₹6 L/yr 22% less
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Reliance Nippon Life Insurance Insurance Manager Salary 1 - 11 years exp. (26 salaries)	₹1.8 L/yr - ₹5 L/yr 23% less
Tata AIA Life Insurance Insurance Manager Salary 3 - 9 years exp. (26 salaries)	₹2.6 L/yr - ₹7.7 L/yr 3% less
Axis Max Life Insurance Insurance Manager Salary 1 - 8 years exp. (25 salaries)	₹2.3 L/yr - ₹5 L/yr 15% less
Kotak Mahindara Life Insurance Insurance Manager Salary 1 - 8 years exp. (21 salaries)	₹2.5 L/yr - ₹5.9 L/yr 17% less
ICICI Prudential Life Insurance Insurance Manager Salary 1 - 8 years exp. (16 salaries)	₹2.8 L/yr - ₹5 L/yr 25% less
SBI Life Insurance Company Insurance Manager Salary 3 - 12 years exp. (13 salaries)	₹2.5 L/yr - ₹4.5 L/yr 18% less
Shriram Life Insurance Insurance Manager Salary 2 - 15 years exp. (11 salaries)	₹1 L/yr - ₹4.5 L/yr 30% less
Cholamandalam MS General Insurance Insurance Manager Salary 3 - 9 years exp. (9 salaries)	₹3 L/yr - ₹5.9 L/yr 8% less
Star Union Dai-ichi Life Insurance Insurance Manager Salary 3 - 8 years exp. (7 salaries)	₹2.1 L/yr - ₹3.6 L/yr 30% less

View all

Insurance Manager salary at SBI General Insurance ranges between ₹2.4 Lakhs to ₹7.5 Lakhs per year for employees with less than 1 year of experience to 16 years. Salary estimates are based on 7 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Insurance Manager salaries

Last Updated: 19 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1 L/yr - ₹3.8 L/yr
1 year (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.2 L/yr
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2 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹5.6 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.5 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
6 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.8 L/yr
7 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
8 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr
9 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
10 years (AmbitionBox Estimate)	₹4 L/yr - ₹9.3 L/yr
11 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
12 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
13 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
14 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
15+ years (AmbitionBox Estimate)	₹2.6 L/yr - ₹7.5 L/yr

View all

Similar Designation salaries in SBI General Insurance

Branch Manager Salary

(7 salaries)

₹6.5 L/yr - ₹10.5 L/yr

Store Manager Salary

(4 salaries)

₹6.7 L/yr - ₹26 L/yr

Area Manager Salary

(6 salaries)

₹8.98 L/yr - ₹15.2 L/yr

Deputy Manager Salary

(180 salaries)

₹4 L/yr - ₹9.1 L/yr

Sales Manager Salary

(13 salaries)

₹3.28 L/yr - ₹6.22 L/yr

Area Sales Manager Salary

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₹7.5 L/yr - ₹22 L/yr

Territory Manager Salary

(4 salaries)

₹5.2 L/yr - ₹9.3 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Assistant Sales Manager Salary

(7 salaries)

₹4.5 L/yr - ₹7.85 L/yr

Relationship Manager Salary

(209 salaries)

₹1.75 L/yr - ₹6.6 L/yr

Salary related reviews for SBI General Insurance

3.8

Rated by 3 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

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

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 Insurance Manager Salary FAQs

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

Insurance Manager salary at SBI General Insurance in India ranges between ₹2.4 Lakhs to ₹7.5 Lakhs for less than 1 year of experience to 16 years. According to our estimates it is 15% more than the average Insurance Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of SBI General Insurance India.

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

The average salary of a Insurance Manager at SBI General Insurance is 15% more than the average salary of a Insurance Manager in India. To know exact salary insights, login to view.

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

National Insurance Company Insurance Manager Salary - ₹12.5 Lakhs to ₹14.0 Lakhs per year
The New India Assurance Co. Insurance Manager Salary - ₹1.2 Lakhs to ₹15.0 Lakhs per year
HDFC Ergo General Insurance Insurance Manager Salary - ₹4.0 Lakhs to ₹9.4 Lakhs per year

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

Tata AIA Life Insurance Insurance Manager Salary - ₹2.6 Lakhs to ₹7.7 Lakhs per year
Star Health & Allied Insurance Insurance Manager Salary - ₹4.3 Lakhs to ₹7.3 Lakhs per year
Tata AIG Insurance Manager Salary - ₹2.7 Lakhs to ₹6.1 Lakhs per year
Cholamandalam MS General Insurance Insurance Manager Salary - ₹3.0 Lakhs to ₹5.9 Lakhs per year
Reliance General Insurance Insurance Manager Salary - ₹3.0 Lakhs to ₹5.1 Lakhs per year

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

The estimated take-home salary of a Insurance Manager at SBI General Insurance ranges between ₹34,679 per month to ₹35,923 per month in India. The take-home salary calculation is based on the average SBI General Insurance Insurance Manager salary in India which ranges between ₹2.4 Lakhs to ₹7.5 Lakhs per year for employees with less than 1 year of experience to 16 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the SBI General Insurance Insurance Managers reported a notice period of 1 Month, 33% reported a notice period of 3 Months 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 Insurance Manager Salaries

SBI General Insurance Insurance Manager salary in India ranges between ₹2.4 Lakhs to ₹7.5 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.