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SBI General Insurance Manager salaries in Mumbai (Updated 2025)

Annual salary range
1 - 11 years exp.
₹6.5 Lakhs - ₹15 Lakhs
Salary of majority employees
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48% less than the average Manager Salary in Insurance Companies for 1 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager Salary
1 - 9 years exp. (7 salaries)
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₹9.2 L/yr - ₹15 L/yr

Sales & Business Development
Manager Salary
2 - 10 years exp. (6 salaries)
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₹7 L/yr - ₹12 L/yr

Customer Success, Service & Operations
Manager Salary
1 - 9 years exp. (5 salaries)
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₹6.6 L/yr - ₹11.3 L/yr

Project & Program Management
Manager Salary
1 year exp. (AmbitionBox Estimate)
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₹7.8 L/yr - ₹10.4 L/yr

Risk Management & Compliance
Manager Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹8.1 L/yr - ₹9.7 L/yr

View all

Last Updated: 30 Jan 2025

Companies similar to SBI General Insurance for Manager in Mumbai

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SBI General Insurance Manager Salary

1 - 11 years exp. (36 salaries)

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₹6.5 L/yr - ₹15 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Manager Salary

2 - 16 years exp. (281 salaries)

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₹6 L/yr - ₹16 L/yr

arrow icon 11% more
1 job opening
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Kotak Mahindara Life Insurance Manager Salary

0 - 12 years exp. (238 salaries)

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₹3 L/yr - ₹8.5 L/yr

arrow icon 36% less
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ICICI Prudential Life Insurance Manager Salary

1 - 13 years exp. (182 salaries)

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₹4 L/yr - ₹14 L/yr

arrow icon 5% less
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SBI Life Insurance Company Manager Salary

3 - 17 years exp. (159 salaries)

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₹5.5 L/yr - ₹17 L/yr

arrow icon 33% more
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Tata AIA Life Insurance Manager Salary

3 - 18 years exp. (152 salaries)

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₹6.7 L/yr - ₹29.1 L/yr

arrow icon 92% more
2 job openings
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Aditya Birla Health Insurance Co Manager Salary

1 - 12 years exp. (134 salaries)

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₹5 L/yr - ₹17 L/yr

arrow icon 19% more
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Aditya Birla Sun Life Insurance Manager Salary

0 - 12 years exp. (108 salaries)

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₹5 L/yr - ₹18 L/yr

arrow icon 29% more
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Reliance Nippon Life Insurance Manager Salary

2 - 18 years exp. (65 salaries)

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₹3.2 L/yr - ₹11.8 L/yr

arrow icon 17% less
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Bajaj Allianz Life Insurance Manager Salary

3 - 18 years exp. (40 salaries)

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₹8.5 L/yr - ₹18.5 L/yr

arrow icon 53% more
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Magma HDI General Insurance Manager Salary

5 - 15 years exp. (38 salaries)

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₹9 L/yr - ₹14.8 L/yr

arrow icon 43% more
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₹6.3 L/yr - ₹18.7 L/yr

arrow icon 48% more
1 job opening
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PNB MetLife Manager Salary

7 - 17 years exp. (35 salaries)

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₹4.7 L/yr - ₹15.5 L/yr

arrow icon 31% more
1 job opening
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ManipalCigna Health Insurance Manager Salary

5 - 18 years exp. (35 salaries)

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₹8 L/yr - ₹18.5 L/yr

arrow icon 59% more
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Axis Max Life Insurance Manager Salary

4 - 16 years exp. (21 salaries)

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₹4 L/yr - ₹12.2 L/yr

arrow icon 9% less
5 job openings
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₹5.5 L/yr - ₹9.1 L/yr

arrow icon 5% less
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Aviva Life Insurance India Manager Salary

3 - 14 years exp. (4 salaries)

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₹7.5 L/yr - ₹14 L/yr

arrow icon 31% more
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Star Health & Allied Insurance Manager Salary

1 - 12 years exp. (4 salaries)

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₹3.2 L/yr - ₹10.8 L/yr

arrow icon 18% less
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Gallagher Manager Salary

8 - 13 years exp. (3 salaries)

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₹12 L/yr - ₹14 L/yr

arrow icon 43% more
Manager salary at SBI General Insurance ranges between ₹6.5 Lakhs to ₹15 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 36 latest salaries received from various employees of SBI General Insurance.

Latest annual salaries shared by SBI General Insurance Manager in Mumbai

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Experience wise SBI General Insurance Manager salaries in Mumbai

Last Updated: 30 Jan 2025

Experience Avg Annual Salary
1 year  (10 salaries)

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₹7.8 L/yr - ₹11 L/yr
2 years  (6 salaries)

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₹7.3 L/yr - ₹11.3 L/yr
3 years  (5 salaries)

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₹8.5 L/yr - ₹12 L/yr
4 years (AmbitionBox Estimate)

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₹8 L/yr - ₹10.2 L/yr
5 years (AmbitionBox Estimate)

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₹7.7 L/yr - ₹9.9 L/yr
View all

Similar Designation salaries in SBI General Insurance

Deputy Manager Salary
(28 salaries)
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₹4.3 L/yr - ₹10.56 L/yr
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₹18.21 L/yr - ₹34.9 L/yr
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₹9 L/yr - ₹13 L/yr

Salary related reviews for SBI General Insurance

3.4

Rated by 6 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

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  • 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.

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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 in Mumbai?
The average salary of a Manager at SBI General Insurance in Mumbai typically ranges from ₹6.5 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 1 year to 11 years).

The top 10% of Manager in Mumbai at SBI General Insurance earn more than ₹12.3 Lakhs per year, and the top 1% earn over ₹15.0 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 30+ SBI General Insurance employees in India.
What is the estimated take home salary of a Manager at SBI General Insurance in Mumbai?
The estimated take-home salary of a Manager at SBI General Insurance in Mumbai typically ranges from ₹62,975 to ₹64,576 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 1 year to 11 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 30+ 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?
Tata AIA Life Insurance ₹6.7 Lakhs to ₹29.1 Lakhs per year
ManipalCigna Health Insurance ₹8.0 Lakhs to ₹18.5 Lakhs per year
Bajaj Allianz Life Insurance ₹8.5 Lakhs to ₹18.5 Lakhs per year
Star Union Dai-ichi Life Insurance ₹6.3 Lakhs to ₹18.7 Lakhs per year
Magma HDI General Insurance ₹9.0 Lakhs to ₹14.8 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 Mumbai?
The salary of a Manager at companies similar to SBI General Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Gallagher ₹12.0 Lakhs to ₹14.0 Lakhs per year
SBI Life Insurance Company ₹5.5 Lakhs to ₹17.0 Lakhs per year
PNB MetLife ₹4.7 Lakhs to ₹15.5 Lakhs per year
Aviva Life Insurance India ₹7.5 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹5.0 Lakhs to ₹18.0 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 Mumbai?
The salary growth for a Manager at SBI General Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Manager in Mumbai 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 ₹8.0 Lakhs to ₹10.2 Lakhs per year
and so on.

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SBI General Insurance Manager salary in Mumbai ranges between ₹6.5 Lakhs to ₹15 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 36 SBI General Insurance latest salaries received from various employees of SBI General Insurance.