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SBI General Insurance Risk Manager salaries in India

Annual salary range
0 - 12 years exp.
₹11 Lakhs - ₹13 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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6% less than the average Risk Manager Salary in Insurance Companies for 0 - 12 years of experience

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Last Updated: 21 Dec 2024

Companies similar to SBI General Insurance for Risk Manager

Company name Avg Annual Salary Open Jobs
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₹9.4 L/yr - ₹21 L/yr

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₹5.6 L/yr - ₹8.6 L/yr

arrow icon 38% less
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₹9 L/yr - ₹15 L/yr

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₹10 L/yr - ₹12.7 L/yr

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HDFC Life Risk Manager Salary

15 - 17 years exp. (4 salaries)

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₹11 L/yr - ₹15 L/yr

arrow icon 6% more
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MetLife Risk Manager Salary

10 - 17 years exp. (3 salaries)

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₹20 L/yr - ₹26.5 L/yr

arrow icon 89% more
Risk Manager salary at SBI General Insurance ranges between ₹11 Lakhs to ₹13 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 4 latest salaries received from various employees of SBI General Insurance.

Latest annual salaries shared by SBI General Insurance Risk Manager

1y ago
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11 years exp.
1y ago
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12 years exp.
1y ago
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2 years exp.

Experience wise SBI General Insurance Risk Manager salaries

Last Updated: 21 Dec 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹4.8 L/yr - ₹13 L/yr
1 year (AmbitionBox Estimate)

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₹10.9 L/yr - ₹13.9 L/yr
2 years (AmbitionBox Estimate)

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₹11 L/yr - ₹21.7 L/yr
3 years (AmbitionBox Estimate)

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₹10.9 L/yr - ₹13.9 L/yr
4 years (AmbitionBox Estimate)

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₹10.8 L/yr - ₹13.8 L/yr
View all

Similar Designation salaries in SBI General Insurance

Branch Manager Salary
(7 salaries)
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₹6.5 L/yr - ₹10.5 L/yr
Deputy Manager Salary
(158 salaries)
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₹3.7 L/yr - ₹9.68 L/yr
Team Lead Salary
(19 salaries)
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₹2.8 L/yr - ₹5.45 L/yr
Accountant Salary
(3 salaries)
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₹3.2 L/yr - ₹3.84 L/yr
Auditor Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
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₹2.7 L/yr - ₹7.5 L/yr
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₹6.8 L/yr - ₹11 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

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

read more
  • 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 Risk Manager Salary FAQs

What is the salary of Risk Manager at SBI General Insurance ?
The average salary of a Risk Manager at SBI General Insurance in India typically ranges from ₹11.0 Lakhs to ₹13.0 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Risk Manager at SBI General Insurance earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Risk 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 4 SBI General Insurance employees in India.
What is the estimated take home salary of a Risk Manager at SBI General Insurance in India?
The estimated take-home salary of a Risk Manager at SBI General Insurance in India typically ranges from ₹85,364 to ₹87,598 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from Fresher to 12 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 4 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 Risk Manager in India?
MetLife ₹20.0 Lakhs to ₹26.5 Lakhs per year
SBI Life Insurance Company ₹9.4 Lakhs to ₹21.0 Lakhs per year
HDFC Life ₹11.0 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 Risk Manager in companies similar to SBI General Insurance in India?
The salary of a Risk 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:

Aditya Birla Health Insurance Co ₹10.0 Lakhs to ₹12.7 Lakhs per year
Aditya Birla Sun Life Insurance ₹9.0 Lakhs to ₹15.0 Lakhs per year
ICICI Prudential Life Insurance ₹5.6 Lakhs to ₹8.6 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 Risk Manager at SBI General Insurance in India?
The salary growth for a Risk Manager at SBI General Insurance depends on factors such as experience, performance, and promotions. On average, a Risk Manager can expect the following growth trajectory at SBI General Insurance:

Experience Average Salary Range
Fresher ₹4.8 Lakhs to ₹13.0 Lakhs per year
1 year ₹10.9 Lakhs to ₹13.9 Lakhs per year
2 years ₹11.0 Lakhs to ₹21.7 Lakhs per year
3 years ₹10.9 Lakhs to ₹13.9 Lakhs per year
and so on.

Tell us how to improve this page.

SBI General Insurance Risk Manager salary in India ranges between ₹11 Lakhs to ₹13 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 SBI General Insurance latest salaries received from various employees of SBI General Insurance.