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

0 - 16 years exp.

₹2.4 Lakhs - ₹7.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

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

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Last Updated: 24 Mar 2025

Companies similar to SBI General Insurance for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
PNB MetLife Insurance Manager Salary 0 - 8 years exp. (71 salaries)	₹0.6 L/yr - ₹5.3 L/yr 22% less
HDFC Life Insurance Manager Salary 1 - 6 years exp. (50 salaries)	₹2.5 L/yr - ₹6 L/yr 19% less
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Bajaj Allianz Life Insurance Insurance Manager Salary 1 - 7 years exp. (45 salaries)	₹1.5 L/yr - ₹6 L/yr 23% less
Reliance Nippon Life Insurance Insurance Manager Salary 1 - 11 years exp. (26 salaries)	₹1.8 L/yr - ₹5 L/yr 26% less
Tata AIA Life Insurance Insurance Manager Salary 3 - 9 years exp. (28 salaries)	₹2.6 L/yr - ₹7.7 L/yr 1% less
Axis Max Life Insurance Insurance Manager Salary 1 - 8 years exp. (25 salaries)	₹2.3 L/yr - ₹5 L/yr 17% 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 - 9 years exp. (19 salaries)	₹2.8 L/yr - ₹5 L/yr 25% less
Shriram Life Insurance Insurance Manager Salary 2 - 15 years exp. (13 salaries)	₹1 L/yr - ₹5 L/yr 28% less
SBI Life Insurance Company Insurance Manager Salary 3 - 12 years exp. (13 salaries)	₹2.5 L/yr - ₹4.5 L/yr 21% less
Cholamandalam MS General Insurance Insurance Manager Salary 3 - 9 years exp. (9 salaries)	₹3 L/yr - ₹5.9 L/yr 8% less
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Aditya Birla Sun Life Insurance Insurance Manager Salary 2 - 8 years exp. (8 salaries)	₹3 L/yr - ₹5.6 L/yr 19% 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
Aviva Life Insurance India Insurance Manager Salary 4 - 10 years exp. (5 salaries)	₹3.3 L/yr - ₹5.5 L/yr 13% less
Aditya Birla Health Insurance Co Insurance Manager Salary 1 - 7 years exp. (5 salaries)	₹3.8 L/yr - ₹4.7 L/yr 9% less
Magma HDI General Insurance Insurance Manager Salary 0 - 15 years exp. (4 salaries)	₹3.7 L/yr - ₹6 L/yr At par
Star Health & Allied Insurance Insurance Manager Salary 9 - 11 years exp. (4 salaries)	₹4.2 L/yr - ₹7.3 L/yr 6% less
ManipalCigna Health Insurance Insurance Manager Salary 6 - 14 years exp. (4 salaries)	₹3.5 L/yr - ₹6.5 L/yr 1% less

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: 24 Mar 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

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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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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 Insurance Manager Salary FAQs

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

The average salary of a Insurance Manager at SBI General Insurance in India typically ranges from ₹2.4 Lakhs to ₹7.5 Lakhs per year, depending on experience (from Fresher to 16 years).

The top 10% of Insurance Manager at SBI General Insurance earn more than ₹6.8 Lakhs per year, and the top 1% earn over ₹7.5 Lakhs per year. Insurance Manager 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 Insurance Manager at SBI General Insurance in India?

The estimated take-home salary of a Insurance Manager at SBI General Insurance in India typically ranges from ₹34,679 to ₹35,923 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹7.5 Lakhs per year for employees with experience ranging from Fresher to 16 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.

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

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

Magma HDI General Insurance	₹3.7 Lakhs to ₹6.0 Lakhs per year
ManipalCigna Health Insurance	₹3.5 Lakhs to ₹6.5 Lakhs per year
Tata AIA Life Insurance	₹2.6 Lakhs to ₹7.7 Lakhs per year
Star Health & Allied Insurance	₹4.2 Lakhs to ₹7.3 Lakhs per year
Cholamandalam MS General Insurance	₹3.0 Lakhs to ₹5.9 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 Insurance Manager at SBI General Insurance in India?

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

Experience	Average Salary Range
Fresher	₹1.0 Lakhs to ₹3.8 Lakhs per year
1 year	₹2.4 Lakhs to ₹5.2 Lakhs per year
2 years	₹2.8 Lakhs to ₹5.6 Lakhs per year
3 years	₹3.0 Lakhs to ₹3.9 Lakhs per year

and so on.

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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.