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SBI General Insurance Manager salaries in India (Updated 2025)

Annual salary range
1 - 13 years exp.
₹5.6 Lakhs - ₹15 Lakhs
Salary of majority employees
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Fixed (100%)
₹8.5 Lakhs
Variable (0%)
₹0.0
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48% less than the average Manager Salary in Insurance Companies for 1 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager Salary
1 - 13 years exp. (34 salaries)
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₹5.6 L/yr - ₹15 L/yr

Sales & Business Development
Manager Salary
2 - 13 years exp. (20 salaries)
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₹6 L/yr - ₹12 L/yr

Customer Success, Service & Operations
Manager Salary
1 - 12 years exp. (7 salaries)
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₹6.6 L/yr - ₹11.3 L/yr

Marketing & Communication
Manager Salary
1 - 9 years exp. (5 salaries)
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₹6.6 L/yr - ₹11.8 L/yr

Risk Management & Compliance
Manager Salary
1 - 5 years exp. (5 salaries)
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₹8 L/yr - ₹11 L/yr

View all

Last Updated: 15 Mar 2025

Companies similar to SBI General Insurance for Manager

Company name Avg Annual Salary Open Jobs
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₹3.3 L/yr - ₹11.1 L/yr

arrow icon 21% less
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HDFC Ergo General Insurance Manager Salary

4 - 16 years exp. (433 salaries)

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₹4.5 L/yr - ₹16.4 L/yr

arrow icon 11% more
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Bajaj Allianz General Insurance Manager Salary

6 - 19 years exp. (106 salaries)

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₹6.8 L/yr - ₹25 L/yr

arrow icon 91% more
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Reliance General Insurance Manager Salary

2 - 16 years exp. (160 salaries)

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₹3.5 L/yr - ₹11.5 L/yr

arrow icon 14% less
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Tata AIG Manager Salary

1 - 11 years exp. (390 salaries)

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₹3.7 L/yr - ₹11 L/yr

arrow icon 20% less
8 job openings
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United India Insurance Company Manager Salary

5 - 31 years exp. (6 salaries)

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₹10 L/yr - ₹26 L/yr

arrow icon 142% more
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National Insurance Company Manager Salary

3 - 15 years exp. (6 salaries)

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₹7.5 L/yr - ₹36.6 L/yr

arrow icon 154% more
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The Oriental Insurance Co. Manager Salary

8 - 31 years exp. (4 salaries)

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₹7 L/yr - ₹20 L/yr

arrow icon 89% more
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₹5.6 L/yr - ₹19 L/yr

arrow icon 52% more
2 job openings
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Kotak Mahindara Life Insurance Manager Salary

0 - 12 years exp. (559 salaries)

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₹2.4 L/yr - ₹8.5 L/yr

arrow icon 37% less
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HDFC Life Manager Salary

2 - 16 years exp. (463 salaries)

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₹4 L/yr - ₹15.6 L/yr

arrow icon 7% more
1 job opening
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ICICI Prudential Life Insurance Manager Salary

1 - 13 years exp. (289 salaries)

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₹3.5 L/yr - ₹12.1 L/yr

arrow icon 8% less
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Tata AIA Life Insurance Manager Salary

3 - 16 years exp. (277 salaries)

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₹7 L/yr - ₹23.4 L/yr

arrow icon 73% more
2 job openings
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SBI Life Insurance Company Manager Salary

3 - 20 years exp. (297 salaries)

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₹4.9 L/yr - ₹17 L/yr

arrow icon 24% more
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Axis Max Life Insurance Manager Salary

5 - 15 years exp. (283 salaries)

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₹3.3 L/yr - ₹14 L/yr

arrow icon 2% less
7 job openings
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Aditya Birla Health Insurance Co Manager Salary

1 - 12 years exp. (206 salaries)

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₹5 L/yr - ₹17 L/yr

arrow icon 16% more
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Aditya Birla Sun Life Insurance Manager Salary

0 - 12 years exp. (190 salaries)

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₹3.8 L/yr - ₹15 L/yr

arrow icon 9% more
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Bajaj Allianz Life Insurance Manager Salary

3 - 18 years exp. (188 salaries)

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₹5.5 L/yr - ₹20.5 L/yr

arrow icon 51% more
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Star Health & Allied Insurance Manager Salary

1 - 14 years exp. (140 salaries)

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₹2.6 L/yr - ₹12 L/yr

arrow icon 19% less
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MetLife Manager Salary

9 - 19 years exp. (128 salaries)

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₹14 L/yr - ₹52 L/yr

arrow icon 246% more
View all
Manager salary at SBI General Insurance ranges between ₹5.6 Lakhs to ₹15 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 108 latest salaries received from various employees of SBI General Insurance.

Latest annual salaries shared by SBI General Insurance Manager

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Experience wise SBI General Insurance Manager salaries

Last Updated: 15 Mar 2025

Experience Avg Annual Salary
1 year  (15 salaries)

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₹7.8 L/yr - ₹11 L/yr
2 years  (11 salaries)

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₹7.3 L/yr - ₹11.3 L/yr
3 years  (6 salaries)

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₹8.5 L/yr - ₹12 L/yr
4 years  (6 salaries)

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₹8.1 L/yr - ₹13 L/yr
5 years  (7 salaries)

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₹7.6 L/yr - ₹12 L/yr
View all

Similar Designation salaries in SBI General Insurance

Credit Manager Salary
(AmbitionBox Estimate)
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₹11.9 L/yr - ₹15.2 L/yr
Deputy Manager Salary
(158 salaries)
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₹3.7 L/yr - ₹9.68 L/yr
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₹8 L/yr - ₹13 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
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₹2.7 L/yr - ₹7.5 L/yr
Financial Analyst Salary
(AmbitionBox Estimate)
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₹17.1 L/yr - ₹21.8 L/yr
Deputy General Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.3 L/yr
Senior Consultant Salary
(AmbitionBox Estimate)
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₹23.4 L/yr - ₹29.9 L/yr
Chartered Accountant Salary
(AmbitionBox Estimate)
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₹6.3 L/yr - ₹8 L/yr
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₹18.21 L/yr - ₹34.9 L/yr

Salary related reviews for SBI General Insurance

3.4

Rated by 24 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 23 Jan 2025

2.0
 for  Salary and Benefits

Likes

All other channels other than Sbi relationship will enjoy work without pressure… they bring non profit no’s also ok for organisation

read more
  • Job security - Good

Dislikes

Only sbi channel makes profits for organisation and get variable pay but this team will get only pressure and no motivation or opportunities in promotions

read more
  • Salary - Poor
  • +3 more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 04 Oct 2024

1.0
 for  Salary and Benefits

Likes

Nothing...

Dislikes

No work culture, No work life balance, No salary structure, Unnecessary salary deduction with no reason, No HR policies, No support Overall useless and worthless company, can lead to mental issues and health issues if worked here... Do not join..

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 07 Jun 2024

1.0
 for  Salary and Benefits

Likes

You will get your salary on time. Apart from this nothing is good about this company.

read more

Dislikes

Nothing is good about this company. Company doesnt give work from home, but those people who are close to the higher management get plenty of work from home. If you are hard working, no one cares, if you are smart worker, no one cares. But if you know someone very important in the organisation then you are important. Favouritism and fawning are the only 2 qualities which will take you to heights. There is no transparency in the team, boss will discuss important matter with only those people who are close to him. Different department people will be made your boss who will himself not know the work. If you complain to the HR then HR will complain about you to your boss and your boss will make your life miserable. If your boss doesnt like you, he will not give you work and will purposely put u in pip. Competent people have left the organization and those who are here since the past 10 years are so lethargic and useless that you with be able to work with them. The HR does nothing to remove this toxicity and HR is also lethargic. A simple offer letter HR will release after 20 days. If you ask to change ur phone number in company portal HR will take minimum 6 months. My suggestion is, even if you are unemployed please dont join SBI General.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 29 Jan 2024

3.0
 for  Salary and Benefits

Likes

Work life balance little bit when company wants to keep employee otherwise nothing to like.

  • Work-life balance - Good

Dislikes

...ics and poor people management. No top management support No skills development Low salary package

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  • Skill development - Poor
  • +2 more

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. .

read more
  • Salary - Bad
  • +4 more
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SBI General Insurance Manager Salary FAQs

What is the salary of Manager at SBI General Insurance ?
The average salary of a Manager at SBI General Insurance in India typically ranges from ₹5.6 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 1 year to 13 years).

The top 10% of Manager at SBI General Insurance earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹17.1 Lakhs per year. 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 100+ SBI General Insurance employees in India.
What is the estimated take home salary of a Manager at SBI General Insurance in India?
The estimated take-home salary of a Manager at SBI General Insurance in India typically ranges from ₹62,143 to ₹63,721 per month. This is based on the average salary range of ₹5.6 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 1 year to 13 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 100+ 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 Manager in India?
MetLife ₹14.0 Lakhs to ₹52.0 Lakhs per year
Principal Global Services ₹19.5 Lakhs to ₹40.0 Lakhs per year
National Insurance Company ₹7.5 Lakhs to ₹36.6 Lakhs per year
United India Insurance Company ₹10.0 Lakhs to ₹26.0 Lakhs per year
Bajaj Allianz General Insurance ₹6.8 Lakhs to ₹25.0 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 Manager in companies similar to SBI General Insurance in India?
The salary of a 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:

The Oriental Insurance Co. ₹7.0 Lakhs to ₹20.0 Lakhs per year
Royal Sundaram General Insurance ₹8.0 Lakhs to ₹23.0 Lakhs per year
Tata AIA Life Insurance ₹7.0 Lakhs to ₹23.4 Lakhs per year
Gallagher ₹8.9 Lakhs to ₹14.0 Lakhs per year
Future Generali India Life Insurance ₹5.6 Lakhs to ₹19.0 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 Manager at SBI General Insurance in India?
The salary growth for a Manager at SBI General Insurance depends on factors such as experience, performance, and promotions. On average, a Manager can expect the following growth trajectory at SBI General Insurance:

Experience Average Salary Range
1 year ₹7.8 Lakhs to ₹11.0 Lakhs per year
2 years ₹7.3 Lakhs to ₹11.3 Lakhs per year
3 years ₹8.5 Lakhs to ₹12.0 Lakhs per year
4 years ₹8.1 Lakhs to ₹13.0 Lakhs per year
and so on.

Tell us how to improve this page.

SBI General Insurance Manager salary in India ranges between ₹5.6 Lakhs to ₹15 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 108 SBI General Insurance latest salaries received from various employees of SBI General Insurance.