SBI General Insurance Mumbai Relationship Manager Salaries by 10+ Employees

2 - 9 years exp.

₹3 Lakhs - ₹5.7 Lakhs

Salary of majority employees

24% less than the average Relationship Manager Salary in Insurance Companies for 2 - 9 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Relationship Manager Salary 3 - 9 years exp. (13 salaries)	₹3 L/yr - ₹5.1 L/yr
Login to view exact salary
Customer Success, Service & Operations Relationship Manager Salary 2 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹4.5 L/yr

Last Updated: 16 Mar 2023

Companies similar to SBI General Insurance for Relationship Manager in Mumbai

SBI General Insurance Relationship Manager Salary

2 - 9 years exp. (16 salaries)

₹3 L/yr - ₹5.7 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Relationship Manager Salary 0 - 10 years exp. (143 salaries)	₹2 L/yr - ₹5 L/yr At par	71 job openings
PNB MetLife Relationship Manager Salary 0 - 9 years exp. (100 salaries)	₹2.1 L/yr - ₹4.5 L/yr 10% less	150 job openings
Login to view exact salary
HDFC Life Relationship Manager Salary 0 - 8 years exp. (93 salaries)	₹2 L/yr - ₹5 L/yr 13% less	2 job openings
Bajaj Allianz Life Insurance Relationship Manager Salary 0 - 8 years exp. (54 salaries)	₹1.8 L/yr - ₹4.5 L/yr 14% less	24 job openings
ICICI Prudential Life Insurance Relationship Manager Salary 0 - 6 years exp. (46 salaries)	₹2.2 L/yr - ₹9 L/yr 10% more
Star Union Dai-ichi Life Insurance Relationship Manager Salary 0 - 10 years exp. (37 salaries)	₹3 L/yr - ₹5 L/yr 1% more	8 job openings
Axis Max Life Insurance Relationship Manager Salary 0 - 8 years exp. (36 salaries)	₹2 L/yr - ₹7 L/yr 17% more	5 job openings
Star Health & Allied Insurance Relationship Manager Salary 0 - 8 years exp. (36 salaries)	₹1.5 L/yr - ₹4.5 L/yr 15% less
Kotak Mahindara Life Insurance Relationship Manager Salary 0 - 7 years exp. (27 salaries)	₹2.4 L/yr - ₹4.5 L/yr 12% less	16 job openings
Aditya Birla Sun Life Insurance Relationship Manager Salary 0 - 7 years exp. (21 salaries)	₹2.2 L/yr - ₹5 L/yr 6% less
Cholamandalam MS General Insurance Relationship Manager Salary 1 - 8 years exp. (14 salaries)	₹2.5 L/yr - ₹4.6 L/yr 1% less
Login to view exact salary
ManipalCigna Health Insurance Relationship Manager Salary 2 - 7 years exp. (10 salaries)	₹2.7 L/yr - ₹4 L/yr 12% less
Reliance Nippon Life Insurance Relationship Manager Salary 0 - 10 years exp. (9 salaries)	₹2 L/yr - ₹3.6 L/yr 11% less
Aviva Life Insurance India Relationship Manager Salary 1 - 7 years exp. (9 salaries)	₹2.8 L/yr - ₹3.9 L/yr 5% less
Magma HDI General Insurance Relationship Manager Salary 5 - 8 years exp. (7 salaries)	₹5 L/yr - ₹7.6 L/yr 52% more	1 job opening
Aditya Birla Health Insurance Co Relationship Manager Salary 1 - 7 years exp. (6 salaries)	₹4.3 L/yr - ₹8.5 L/yr 19% more
SBI Life Insurance Company Relationship Manager Salary 2 - 6 years exp. (6 salaries)	₹3.2 L/yr - ₹5 L/yr 2% more
Shriram Life Insurance Relationship Manager Salary 1 - 3 years exp. (3 salaries)	₹4.1 L/yr - ₹5.5 L/yr 8% more

Relationship Manager salary at SBI General Insurance ranges between ₹3 Lakhs to ₹5.7 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 16 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Relationship Manager salaries in Mumbai

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
3 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
Login to view exact salary
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
5 years (3 salaries)	₹1.6 L/yr - ₹5.1 L/yr
6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
7 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
8 years (4 salaries)	₹3.9 L/yr - ₹5 L/yr
9 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr

View all

From

Relationship Manager

1 - 9 years exp.

Assistant Manager

0 - 10 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in SBI General Insurance

Deputy Manager Salary

(28 salaries)

₹4.3 L/yr - ₹10.56 L/yr

Area Sales Manager Salary

(5 salaries)

₹11 L/yr - ₹17 L/yr

Salary related reviews for SBI General Insurance

2.7

Rated by 11 employees for salary & benefits

Relationship Manager in Mumbai

Sales and distribution Department

5.0

• posted on 29 Sep 2019

4.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the fact that I am a part of a team that market reliable, high quality product and has a global client base

Salary - Good

+6 more

Dislikes

Compensation is decent but growth is slow

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about SBI General Insurance

View All

miraculouslemon

10h

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.

Got a question about SBI General Insurance?

Ask anonymously on communities.

SBI General Insurance Relationship Manager Salary FAQs

What is the salary of Relationship Manager at SBI General Insurance in Mumbai?

The average salary of a Relationship Manager at SBI General Insurance in Mumbai typically ranges from ₹3.0 Lakhs to ₹5.7 Lakhs per year, depending on experience (from 2 years to 9 years).

The top 10% of Relationship Manager in Mumbai at SBI General Insurance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.7 Lakhs per year. Relationship 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 10+ SBI General Insurance employees in India.

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

The estimated take-home salary of a Relationship Manager at SBI General Insurance in Mumbai typically ranges from ₹29,768 to ₹31,086 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹5.7 Lakhs per year for employees with experience ranging from 2 years to 9 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 10+ 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 Relationship Manager in India?

Magma HDI General Insurance	₹5.0 Lakhs to ₹7.6 Lakhs per year
Aditya Birla Health Insurance Co	₹4.3 Lakhs to ₹8.5 Lakhs per year
Axis Max Life Insurance	₹2.0 Lakhs to ₹7.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.2 Lakhs to ₹9.0 Lakhs per year
Shriram Life Insurance	₹4.1 Lakhs to ₹5.5 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 Relationship Manager in companies similar to SBI General Insurance in Mumbai?

The salary of a Relationship 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:

SBI Life Insurance Company	₹3.2 Lakhs to ₹5.0 Lakhs per year
Star Union Dai-ichi Life Insurance	₹3.0 Lakhs to ₹5.0 Lakhs per year
Tata AIA Life Insurance	₹2.0 Lakhs to ₹5.0 Lakhs per year
Cholamandalam MS General Insurance	₹2.5 Lakhs to ₹4.6 Lakhs per year
Aviva Life Insurance India	₹2.8 Lakhs to ₹3.9 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 Relationship Manager at SBI General Insurance in Mumbai?

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

Experience	Average Salary Range
2 years	₹3.2 Lakhs to ₹4.1 Lakhs per year
3 years	₹3.3 Lakhs to ₹4.3 Lakhs per year
4 years	₹3.5 Lakhs to ₹4.4 Lakhs per year
5 years	₹1.6 Lakhs to ₹5.1 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
SBI General Insurance Salaries >
SBI General Insurance Relationship Manager Salaries >
SBI General Insurance Relationship Manager Salaries in Mumbai

SBI General Insurance Relationship Manager salary in Mumbai ranges between ₹3 Lakhs to ₹5.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 SBI General Insurance latest salaries received from various employees of SBI General Insurance.