SBI General Insurance Mumbai Sales Executive Salaries by 5 Employees

1 - 5 years exp.

₹2 Lakhs - ₹3.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

12% less than the average Sales Executive Salary in Insurance Companies for 1 - 5 years of experience

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Salaries in different departments

Sales & Business Development Sales Executive Salary 1 - 5 years exp. (3 salaries)	₹2.8 L/yr - ₹3.5 L/yr
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Marketing & Communication Sales Executive Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.9 L/yr

Last Updated: 14 May 2024

Companies similar to SBI General Insurance for Sales Executive in Mumbai

SBI General Insurance Sales Executive Salary

1 - 5 years exp. (5 salaries)

₹2 L/yr - ₹3.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Sales Executive Salary 0 - 7 years exp. (23 salaries)	₹1.1 L/yr - ₹5 L/yr 18% more	1 job opening
Aditya Birla Health Insurance Co Sales Executive Salary 0 - 7 years exp. (16 salaries)	₹2 L/yr - ₹4 L/yr 2% less
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ICICI Prudential Life Insurance Sales Executive Salary 0 - 5 years exp. (15 salaries)	₹2 L/yr - ₹3.8 L/yr 14% more	3 job openings
Reliance Nippon Life Insurance Sales Executive Salary 1 - 4 years exp. (11 salaries)	₹1 L/yr - ₹3 L/yr 22% less
Aditya Birla Sun Life Insurance Sales Executive Salary 0 - 5 years exp. (11 salaries)	₹1.8 L/yr - ₹4 L/yr 18% more
Axis Max Life Insurance Sales Executive Salary 1 - 5 years exp. (7 salaries)	₹2 L/yr - ₹4.6 L/yr 25% more
Tata AIA Life Insurance Sales Executive Salary 0 - 6 years exp. (7 salaries)	₹0.7 L/yr - ₹4.5 L/yr 1% more
SBI Life Insurance Company Sales Executive Salary 0 - 6 years exp. (7 salaries)	₹2 L/yr - ₹3.5 L/yr 2% less
Kotak Mahindara Life Insurance Sales Executive Salary 1 - 7 years exp. (7 salaries)	₹1.5 L/yr - ₹3.5 L/yr 7% more
Star Health & Allied Insurance Sales Executive Salary 1 - 10 years exp. (6 salaries)	₹2.8 L/yr - ₹4 L/yr 7% more
Shriram Life Insurance Sales Executive Salary 0 - 3 years exp. (3 salaries)	₹2 L/yr - ₹3 L/yr 28% less
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Cholamandalam MS General Insurance Sales Executive Salary 1 - 8 years exp. (3 salaries)	₹2.9 L/yr - ₹3.2 L/yr 10% more
Bajaj Allianz Life Insurance Sales Executive Salary 1 - 6 years exp. (3 salaries)	₹2.1 L/yr - ₹3.1 L/yr 2% more	3 job openings
PNB MetLife Sales Executive Salary 3 - 5 years exp. (3 salaries)	₹2.9 L/yr - ₹4 L/yr 19% more
ManipalCigna Health Insurance Sales Executive Salary 0 - 4 years exp. (3 salaries)	₹3 L/yr - ₹4 L/yr 23% more

Sales Executive salary at SBI General Insurance ranges between ₹2 Lakhs to ₹3.5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 5 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Sales Executive salaries in Mumbai

Last Updated: 14 May 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
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3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
5 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr

Similar Designation salaries in SBI General Insurance

Team Lead Salary

(14 salaries)

₹2.8 L/yr - ₹5 L/yr

Customer Executive Salary

(4 salaries)

₹2 L/yr - ₹2.8 L/yr

Salary related reviews for SBI General Insurance

Business Development Manager in Gorakhpur

Full Time

Business Development Department

2.0

• posted on 17 Sep 2022

2.0

for Salary and Benefits

Likes

Like you can say... Working with branch managers , can see yourself always professional . People will treat you like banker.

Job security - Good

Dislikes

No growth and promotion No good salary Not ethical practices followed. Your boss treat you like slave... Officially as per HR policy every Saturday is off... But you have to work on each Saturday as per your boss. Nothing to learn .

Salary - Poor

+4 more

Business Development Manager in Gorakhpur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 29 Apr 2023

3.0

for Salary and Benefits

Likes

Salary on time. Banca channel target goes on auto mode if you have good relationship with managers.

Job security - Good

+1 more

Dislikes

Overloaded targets, terrible managers. Considering Insurance sectors, plenty of works in your working time.Unwanted VCs by senior that can disturb your work flow each day. Salary is very less compared to other companies.

Skill development - Bad

+2 more

Sales Manager in Gwalior

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 05 Jul 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Business Development Manager in Vijayawada

Full Time

Insurance Department

5.0

• posted on 07 Jun 2021

4.0

for Salary and Benefits

Likes

...agement is transparent.there is a huge cafeteria and gaming arcade for chilling. Company policies are good , appraisals are fair and they give good salary hike , incentives and bonus every year

Salary - Good

+6 more

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

see more salary related reviews

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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 Sales Executive Salary FAQs

What is the salary of Sales Executive at SBI General Insurance in Mumbai?

The average salary of a Sales Executive at SBI General Insurance in Mumbai typically ranges from ₹2.0 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Sales Executive in Mumbai at SBI General Insurance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Sales Executive 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 5 SBI General Insurance employees in India.

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

The estimated take-home salary of a Sales Executive at SBI General Insurance in Mumbai typically ranges from ₹20,188 to ₹21,849 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 1 year to 5 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 5 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 Sales Executive in India?

Axis Max Life Insurance	₹2.0 Lakhs to ₹4.6 Lakhs per year
ManipalCigna Health Insurance	₹3.0 Lakhs to ₹4.0 Lakhs per year
PNB MetLife	₹2.9 Lakhs to ₹4.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹1.8 Lakhs to ₹4.0 Lakhs per year
HDFC Life	₹1.1 Lakhs to ₹5.0 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 Sales Executive in companies similar to SBI General Insurance in Mumbai?

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

ICICI Prudential Life Insurance	₹2.0 Lakhs to ₹3.8 Lakhs per year
Cholamandalam MS General Insurance	₹2.9 Lakhs to ₹3.2 Lakhs per year
Star Health & Allied Insurance	₹2.8 Lakhs to ₹4.0 Lakhs per year
Kotak Mahindara Life Insurance	₹1.5 Lakhs to ₹3.5 Lakhs per year
Bajaj Allianz Life Insurance	₹2.1 Lakhs to ₹3.1 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 Sales Executive at SBI General Insurance in Mumbai?

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

Experience	Average Salary Range
1 year	₹2.4 Lakhs to ₹3.1 Lakhs per year
2 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
4 years	₹2.6 Lakhs to ₹3.3 Lakhs per year

and so on.

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SBI General Insurance Sales Executive Salaries in Mumbai

SBI General Insurance Sales Executive salary in Mumbai ranges between ₹2 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SBI General Insurance latest salaries received from various employees of SBI General Insurance.