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SBI General Insurance Sales Manager salaries in India (Updated 2025)

Annual salary range
1 - 11 years exp.
₹2 Lakhs - ₹6.2 Lakhs
Salary of majority employees
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40% less than the average Sales Manager Salary in Insurance Companies for 1 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Sales Manager Salary
1 - 11 years exp. (8 salaries)
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₹2.2 L/yr - ₹5.5 L/yr

Sales & Business Development
Sales Manager Salary
3 - 9 years exp. (5 salaries)
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₹3.3 L/yr - ₹4.2 L/yr

Customer Success, Service & Operations
Sales Manager Salary
1 - 9 years exp. (AmbitionBox Estimate)
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₹2 L/yr - ₹3.5 L/yr

Marketing & Communication
Sales Manager Salary
9 - 10 years exp. (AmbitionBox Estimate)
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₹4.8 L/yr - ₹6.2 L/yr

Last Updated: 25 Feb 2025

Companies similar to SBI General Insurance for Sales Manager

Company name Avg Annual Salary Open Jobs
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₹2.5 L/yr - ₹10.6 L/yr

arrow icon 60% more
20 job openings
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HDFC Life Sales Manager Salary

0 - 11 years exp. (699 salaries)

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₹1.6 L/yr - ₹7.5 L/yr

arrow icon 12% more
5 job openings
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Axis Max Life Insurance Sales Manager Salary

0 - 10 years exp. (614 salaries)

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₹2.7 L/yr - ₹6.2 L/yr

arrow icon 7% more
5 job openings
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₹2 L/yr - ₹5.8 L/yr

arrow icon 3% more
11 job openings
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₹2.6 L/yr - ₹5.1 L/yr

arrow icon 5% less
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₹1.5 L/yr - ₹5 L/yr

arrow icon 28% less
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₹0.6 L/yr - ₹6 L/yr

arrow icon 27% less
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₹2.2 L/yr - ₹10.5 L/yr

arrow icon 44% more
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₹1.6 L/yr - ₹7 L/yr

arrow icon 19% less
17 job openings
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₹1.7 L/yr - ₹6 L/yr

arrow icon 3% less
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Tata AIA Life Insurance Sales Manager Salary

4 - 11 years exp. (189 salaries)

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₹2.4 L/yr - ₹8.9 L/yr

arrow icon 35% more
3 job openings
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PNB MetLife Sales Manager Salary

1 - 9 years exp. (153 salaries)

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₹2 L/yr - ₹8 L/yr

arrow icon 10% less
104 job openings
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Shriram Life Insurance Sales Manager Salary

0 - 7 years exp. (112 salaries)

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₹1.7 L/yr - ₹7 L/yr

arrow icon 26% less
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Aviva Life Insurance India Sales Manager Salary

1 - 13 years exp. (111 salaries)

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₹1.9 L/yr - ₹5.3 L/yr

arrow icon 9% less
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SBI Life Insurance Company Sales Manager Salary

0 - 10 years exp. (87 salaries)

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₹1.2 L/yr - ₹5.6 L/yr

arrow icon 17% less
1 job opening
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₹2.4 L/yr - ₹5.2 L/yr

arrow icon 11% less
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MetLife Sales Manager Salary

1 - 7 years exp. (22 salaries)

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₹1.8 L/yr - ₹4 L/yr

arrow icon 24% less
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₹3.3 L/yr - ₹7.3 L/yr

arrow icon 6% more
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₹1.8 L/yr - ₹8.9 L/yr

arrow icon 3% less
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₹3 L/yr - ₹6 L/yr

arrow icon 10% less
View all
Sales Manager salary at SBI General Insurance ranges between ₹2 Lakhs to ₹6.2 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 19 latest salaries received from various employees of SBI General Insurance.

Latest annual salaries shared by SBI General Insurance Sales Manager

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Experience wise SBI General Insurance Sales Manager salaries

Last Updated: 25 Feb 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2 L/yr - ₹6.8 L/yr
2 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹6.9 L/yr
3 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹7.1 L/yr
4 years  (3 salaries)

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₹3.3 L/yr - ₹5.5 L/yr
5 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹7.4 L/yr
View all

Similar Designation salaries in SBI General Insurance

Store Manager Salary
(4 salaries)
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₹6.7 L/yr - ₹26 L/yr
Area Manager Salary
(6 salaries)
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₹8.98 L/yr - ₹15.2 L/yr
Branch Manager Salary
(7 salaries)
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₹6.5 L/yr - ₹10.5 L/yr
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₹7.5 L/yr - ₹22 L/yr
Sales Officer Salary
(5 salaries)
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₹2 L/yr - ₹5 L/yr
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₹23 L/yr - ₹33 L/yr
Deputy Manager Salary
(158 salaries)
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₹3.7 L/yr - ₹9.68 L/yr
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₹4 L/yr - ₹15.1 L/yr
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₹4.4 L/yr - ₹6.15 L/yr
Marketing Manager Salary
(AmbitionBox Estimate)
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₹9.7 L/yr - ₹12.4 L/yr

Salary related reviews for SBI General Insurance

5.0

Rated by 5 employees for salary & benefits

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.

read more
  • Salary - Excellent
  • +6 more

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.

read more
  • 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 .

read more
  • Salary - Poor
  • +4 more

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.

read more
  • 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.

read more
  • Skill development - Bad
  • +2 more

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

read more
  • Salary - Good
  • +6 more

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 .

read more
  • 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

read more
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SBI General Insurance Sales Manager Salary FAQs

What is the salary of Sales Manager at SBI General Insurance ?
The average salary of a Sales Manager at SBI General Insurance in India typically ranges from ₹2.0 Lakhs to ₹6.2 Lakhs per year, depending on experience (from 1 year to 11 years).

The top 10% of Sales Manager at SBI General Insurance earn more than ₹5.6 Lakhs per year, and the top 1% earn over ₹6.2 Lakhs per year. Sales 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 Sales Manager at SBI General Insurance in India?
The estimated take-home salary of a Sales Manager at SBI General Insurance in India typically ranges from ₹31,633 to ₹32,922 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹6.2 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 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 Sales Manager in India?
Allianz Partners ₹15.0 Lakhs to ₹18.5 Lakhs per year
ICICI Prudential Life Insurance ₹2.5 Lakhs to ₹10.6 Lakhs per year
Aditya Birla Sun Life Insurance ₹2.2 Lakhs to ₹10.5 Lakhs per year
AIG ₹5.6 Lakhs to ₹6.3 Lakhs per year
Tata AIA Life Insurance ₹2.4 Lakhs to ₹8.9 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 Manager in companies similar to SBI General Insurance in India?
The salary of a Sales 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:

HDFC Life ₹1.6 Lakhs to ₹7.5 Lakhs per year
Axis Max Life Insurance ₹2.7 Lakhs to ₹6.2 Lakhs per year
Magma HDI General Insurance ₹3.3 Lakhs to ₹7.3 Lakhs per year
Kotak Mahindara Life Insurance ₹2.0 Lakhs to ₹5.8 Lakhs per year
Cholamandalam MS General Insurance ₹1.7 Lakhs to ₹6.0 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 Sales Manager at SBI General Insurance in India?
The salary growth for a Sales Manager at SBI General Insurance depends on factors such as experience, performance, and promotions. On average, a Sales Manager can expect the following growth trajectory at SBI General Insurance:

Experience Average Salary Range
1 year ₹2.0 Lakhs to ₹6.8 Lakhs per year
2 years ₹2.2 Lakhs to ₹6.9 Lakhs per year
3 years ₹3.6 Lakhs to ₹7.1 Lakhs per year
4 years ₹3.3 Lakhs to ₹5.5 Lakhs per year
and so on.

Tell us how to improve this page.

SBI General Insurance Sales Manager salary in India ranges between ₹2 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 19 SBI General Insurance latest salaries received from various employees of SBI General Insurance.