SBI General Insurance Mumbai Management Trainee Salaries by 6 Employees (Updated 2025)

1 - 3 years exp.

₹9 Lakhs - ₹10 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

At par with the average Management Trainee Salary in Insurance Companies for 1 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading Management Trainee Salary 2 years exp. (AmbitionBox Estimate)	₹9.6 L/yr - ₹9.8 L/yr
Finance & Accounting Management Trainee Salary 1 year exp. (AmbitionBox Estimate)	₹9.3 L/yr - ₹9.6 L/yr
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Sales & Business Development Management Trainee Salary 3 years exp. (AmbitionBox Estimate)	₹9.6 L/yr - ₹9.9 L/yr

Last Updated: 8 Mar 2025

Companies similar to SBI General Insurance for Management Trainee in Mumbai

SBI General Insurance Management Trainee Salary

1 - 3 years exp. (6 salaries)

₹9 L/yr - ₹10 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Management Trainee Salary 0 - 4 years exp. (78 salaries)	₹5 L/yr - ₹15 L/yr 8% more
ICICI Prudential Life Insurance Management Trainee Salary 0 - 3 years exp. (42 salaries)	₹5 L/yr - ₹8 L/yr 30% less
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Tata AIA Life Insurance Management Trainee Salary 0 - 5 years exp. (31 salaries)	₹9 L/yr - ₹20 L/yr 46% more
Kotak Mahindara Life Insurance Management Trainee Salary 0 - 4 years exp. (24 salaries)	₹3 L/yr - ₹7 L/yr 55% less	1 job opening
Star Union Dai-ichi Life Insurance Management Trainee Salary 0 - 2 years exp. (12 salaries)	₹4.5 L/yr - ₹19 L/yr 16% more
Bajaj Allianz Life Insurance Management Trainee Salary 0 - 4 years exp. (10 salaries)	₹4 L/yr - ₹8.3 L/yr 29% less
Aditya Birla Sun Life Insurance Management Trainee Salary 0 - 2 years exp. (8 salaries)	₹7 L/yr - ₹15 L/yr 7% more
Aditya Birla Health Insurance Co Management Trainee Salary 0 - 1 year exp. (6 salaries)	₹7.4 L/yr - ₹12 L/yr 21% less
SBI Life Insurance Company Management Trainee Salary 0 - 3 years exp. (6 salaries)	₹5.3 L/yr - ₹10.5 L/yr 16% less
Magma HDI General Insurance Management Trainee Salary 0 - 1 year exp. (5 salaries)	₹6 L/yr - ₹8 L/yr 34% less
Axis Max Life Insurance Management Trainee Salary 2 - 3 years exp. (3 salaries)	₹21.2 L/yr - ₹22 L/yr 120% more
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Cholamandalam MS General Insurance Management Trainee Salary 0 - 2 years exp. (3 salaries)	₹3.5 L/yr - ₹5 L/yr 52% less

Management Trainee salary at SBI General Insurance ranges between ₹9 Lakhs to ₹10 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 6 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Management Trainee salaries in Mumbai

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹9.6 L/yr - ₹10 L/yr
2 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
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3 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr

Similar Designation salaries in SBI General Insurance

Deputy Manager Salary

(28 salaries)

₹4.3 L/yr - ₹10.56 L/yr

Relationship Manager Salary

(17 salaries)

₹3 L/yr - ₹6.3 L/yr

Team Lead Salary

(14 salaries)

₹2.8 L/yr - ₹5 L/yr

Finance Executive Salary

(4 salaries)

₹3.3 L/yr - ₹6 L/yr

Salary related reviews for SBI General Insurance

3.7

Rated by 2 employees for salary & benefits

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

Relationship Manager in Goa

Agency Sales Department

3.0

• posted on 29 Dec 2020

1.0

for Salary and Benefits

Likes

Office team was good. There was work flexibility. Monthly salary used to get on time. Company never deducted Salary during COVID pandemic period.

Dislikes

Joined this company more then year and half back. Initially everything was fine but suddenly company became over aggressive and messed up the things. The back office process in this company is extremely slow and poor. Even the reporting head was so slow that, literally to issue one policy they used to take two days. Poor support from reporting head. He was not even bothered to check my Whats app messages related to work in case of urgency. He did not even showed courtesy to start the process of company travel claim related to my Induction training due to which I lost my 7000 INR.

Salary - Bad

+2 more

Relationship Manager in Lucknow

Sales & Business Development Department

5.0

• posted on 18 Dec 2020

5.0

for Salary and Benefits

Likes

During covid-19 period SBI General Support us like our family.Good work environment,culture and here Seniors are very supportive in this pandemic. Great work experience here and our family also satisfy ki I am a part of this organization.

Salary - Excellent

+6 more

Dislikes

Salary are too low as equal to work experience of the employee.So it request please raise salary correction under certain time period. And in our GMC policy request please increase Sum insured limit under Executive Grade.

Relationship Manager in Patna

Rural Development Government's Businesses Department

1.0

• posted on 29 Aug 2021

1.0

for Salary and Benefits

Likes

Salary pay on time but allowance & reimbursement payments are not available on time and some payments are not paid. Mr Bala, Miss Archana & Miss Dimple are fraud employees in SBIG. They are torture to his junior employees & team. They are bad guys so please don’t work there to work here is not available for best careers.

Dislikes

Company Salary is not survival for everyone and expense is not allowed every month and working culture is very bad. Senior Head is not helpful for guidelines.

Salary - Bad

+6 more

Relationship Manager in Nagaur

SALES Department

4.0

• posted on 16 Dec 2019

5.0

for Salary and Benefits

Likes

TRANING TIME GOOD,CAREER GROTH POSSIBLE IF HARD WORK,SALARY MINDBLOWING,TRAVEL DAILY BRANCH VISITE 100-150KM, WORK ENVIORMENT GOOD,

Salary - Excellent

+3 more

Dislikes

the work pressure is high. daily branch visite and daily travl 14-15 hours in bus.. sometime time 18hours.. rual aera branch ... some time i feel pain ...

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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 Management Trainee Salary FAQs

What is the salary of Management Trainee at SBI General Insurance in Mumbai?

The average salary of a Management Trainee at SBI General Insurance in Mumbai typically ranges from ₹9.0 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Management Trainee in Mumbai at SBI General Insurance earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Management Trainee 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 6 SBI General Insurance employees in India.

What is the estimated take home salary of a Management Trainee at SBI General Insurance in Mumbai?

The estimated take-home salary of a Management Trainee at SBI General Insurance in Mumbai typically ranges from ₹69,841 to ₹71,636 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 1 year to 3 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 6 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 Management Trainee in India?

Axis Max Life Insurance	₹21.2 Lakhs to ₹22.0 Lakhs per year
Tata AIA Life Insurance	₹9.0 Lakhs to ₹20.0 Lakhs per year
Star Union Dai-ichi Life Insurance	₹4.5 Lakhs to ₹19.0 Lakhs per year
HDFC Life	₹5.0 Lakhs to ₹15.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹7.0 Lakhs to ₹15.0 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 Management Trainee in companies similar to SBI General Insurance in Mumbai?

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

SBI Life Insurance Company	₹5.3 Lakhs to ₹10.5 Lakhs per year
Aditya Birla Health Insurance Co	₹7.4 Lakhs to ₹12.0 Lakhs per year
Bajaj Allianz Life Insurance	₹4.0 Lakhs to ₹8.3 Lakhs per year
ICICI Prudential Life Insurance	₹5.0 Lakhs to ₹8.0 Lakhs per year
Magma HDI General Insurance	₹6.0 Lakhs to ₹8.0 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 Management Trainee at SBI General Insurance in Mumbai?

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

Experience	Average Salary Range
1 year	₹9.6 Lakhs to ₹10.0 Lakhs per year
2 years	₹8.6 Lakhs to ₹11.0 Lakhs per year
3 years	₹8.5 Lakhs to ₹10.9 Lakhs per year

and so on.

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SBI General Insurance Management Trainee Salaries in Mumbai

SBI General Insurance Management Trainee salary in Mumbai ranges between ₹9 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 SBI General Insurance latest salaries received from various employees of SBI General Insurance.