SBI General Insurance Mumbai Senior Manager Salaries by 20+ Employees (Updated 2024)

5 - 16 years exp.

₹6.5 Lakhs - ₹24 Lakhs

Salary of majority employees

37% less than the average Senior Manager Salary in Insurance Companies for 5 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 6 - 16 years exp. (7 salaries)	₹6.6 L/yr - ₹24 L/yr
Sales & Business Development Senior Manager Salary 8 - 12 years exp. (5 salaries)	₹6.5 L/yr - ₹21.9 L/yr
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Engineering - Software & QA Senior Manager Salary 11 - 13 years exp. (3 salaries)	₹13.9 L/yr - ₹22 L/yr
Marketing & Communication Senior Manager Salary 13 - 16 years exp. (3 salaries)	₹13.1 L/yr - ₹23 L/yr
Product Management Senior Manager Salary 15 - 16 years exp. (AmbitionBox Estimate)	₹11 L/yr - ₹13.6 L/yr

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Last Updated: 5 Dec 2024

Companies similar to SBI General Insurance for Senior Manager in Mumbai

SBI General Insurance Senior Manager Salary

5 - 16 years exp. (25 salaries)

₹6.5 L/yr - ₹24 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 18 years exp. (489 salaries)	₹4.5 L/yr - ₹14.9 L/yr 26% less	1 job opening
HDFC Ergo General Insurance Senior Manager Salary 6 - 19 years exp. (91 salaries)	₹7 L/yr - ₹25 L/yr 16% more
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Bajaj Allianz General Insurance Senior Manager Salary 6 - 15 years exp. (3 salaries)	₹6.8 L/yr - ₹16 L/yr 7% more
Reliance General Insurance Senior Manager Salary 7 - 17 years exp. (32 salaries)	₹6.5 L/yr - ₹15 L/yr 19% less	1 job opening
Tata AIG Senior Manager Salary 1 - 11 years exp. (190 salaries)	₹4.8 L/yr - ₹17.8 L/yr 13% less	4 job openings
ICICI Prudential Life Insurance Senior Manager Salary 0 - 16 years exp. (348 salaries)	₹10.7 L/yr - ₹29 L/yr 37% more
HDFC Life Senior Manager Salary 2 - 18 years exp. (334 salaries)	₹7 L/yr - ₹24.5 L/yr 11% more	2 job openings
Kotak Mahindara Life Insurance Senior Manager Salary 1 - 14 years exp. (285 salaries)	₹4 L/yr - ₹12.1 L/yr 43% less	1 job opening
Tata AIA Life Insurance Senior Manager Salary 8 - 20 years exp. (158 salaries)	₹10.8 L/yr - ₹38 L/yr 88% more	14 job openings
Reliance Nippon Life Insurance Senior Manager Salary 1 - 18 years exp. (90 salaries)	₹4.8 L/yr - ₹14.5 L/yr 29% less
Aditya Birla Health Insurance Co Senior Manager Salary 3 - 16 years exp. (78 salaries)	₹5.4 L/yr - ₹18.3 L/yr 17% less
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Star Union Dai-ichi Life Insurance Senior Manager Salary 2 - 19 years exp. (36 salaries)	₹10.3 L/yr - ₹33 L/yr 53% more
PNB MetLife Senior Manager Salary 8 - 16 years exp. (35 salaries)	₹6.6 L/yr - ₹23 L/yr 23% more
Aditya Birla Sun Life Insurance Senior Manager Salary 0 - 9 years exp. (34 salaries)	₹5.7 L/yr - ₹18.3 L/yr 14% less
Bajaj Allianz Life Insurance Senior Manager Salary 3 - 18 years exp. (34 salaries)	₹10.5 L/yr - ₹27 L/yr 23% more	2 job openings
Future Generali India Life Insurance Senior Manager Salary 12 - 18 years exp. (32 salaries)	₹11.7 L/yr - ₹30 L/yr 38% more
Max Life Insurance Senior Manager Salary 4 - 16 years exp. (26 salaries)	₹8.1 L/yr - ₹27 L/yr 25% more	2 job openings
SBI Life Insurance Company Senior Manager Salary 5 - 14 years exp. (14 salaries)	₹6.7 L/yr - ₹17 L/yr 9% less
Gallagher Senior Manager Salary 10 - 22 years exp. (7 salaries)	₹8 L/yr - ₹20.7 L/yr 13% more
Cholamandalam MS General Insurance Senior Manager Salary 3 - 16 years exp. (4 salaries)	₹3.5 L/yr - ₹13.3 L/yr 42% less

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Senior Manager salary at SBI General Insurance ranges between ₹6.5 Lakhs to ₹24 Lakhs per year for employees with experience between 5 years to 16 years. Salary estimates are based on 25 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Senior Manager salaries in Mumbai

Last Updated: 5 Dec 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹23.2 L/yr
6 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹14.2 L/yr
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7 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr
8 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹23.6 L/yr
9 years (3 salaries)	₹6.5 L/yr - ₹18 L/yr
10 years (4 salaries)	₹6.6 L/yr - ₹17.3 L/yr
11 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹20 L/yr
12 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹23.5 L/yr
13 years (3 salaries)	₹5.4 L/yr - ₹23 L/yr
14 years (AmbitionBox Estimate)	₹12.3 L/yr - ₹15.7 L/yr
15+ years (9 salaries)	₹11 L/yr - ₹24 L/yr

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Similar Designation salaries in SBI General Insurance

Deputy Manager Salary

(30 salaries)

₹4.3 L/yr - ₹10.2 L/yr

Senior Sales Manager Salary

(3 salaries)

₹4.5 L/yr - ₹6 L/yr

Salary related reviews for SBI General Insurance

3.0

Rated by 3 employees for salary & benefits

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.

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 .

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.

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.

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.

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

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 .

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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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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SBI General Insurance Senior Manager Salary FAQs

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

Senior Manager salary at SBI General Insurance in Mumbai ranges between ₹6.5 Lakhs to ₹24.0 Lakhs for experience between 5 years to 16 years. According to our estimates it is 37% less than the average Senior Manager Salary in India. Salary estimates are based on 25 latest salaries received from various employees of SBI General Insurance Mumbai.

How does the salary of a Senior Manager at SBI General Insurance Mumbai compare with the average salary range for this job?

The average salary of a Senior Manager at SBI General Insurance is 37% less than the average salary of a Senior Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than SBI General Insurance to a Senior Manager in Mumbai?

Tata AIA Life Insurance Senior Manager Salary - ₹10.8 Lakhs to ₹38.0 Lakhs per year
Star Union Dai-ichi Life Insurance Senior Manager Salary - ₹10.3 Lakhs to ₹33.0 Lakhs per year
Future Generali India Life Insurance Senior Manager Salary - ₹11.7 Lakhs to ₹30.0 Lakhs per year
ICICI Prudential Life Insurance Senior Manager Salary - ₹10.7 Lakhs to ₹29.0 Lakhs per year
Max Life Insurance Senior Manager Salary - ₹8.1 Lakhs to ₹27.0 Lakhs per year

What is the salary of a Senior Manager in companies similar to SBI General Insurance in Mumbai?

PNB MetLife Senior Manager Salary - ₹6.6 Lakhs to ₹23.0 Lakhs per year
Bajaj Allianz Life Insurance Senior Manager Salary - ₹10.5 Lakhs to ₹27.0 Lakhs per year
HDFC Ergo General Insurance Senior Manager Salary - ₹7.0 Lakhs to ₹25.0 Lakhs per year
Gallagher Senior Manager Salary - ₹8.0 Lakhs to ₹20.7 Lakhs per year
Aviva Life Insurance India Senior Manager Salary - ₹10.0 Lakhs to ₹17.0 Lakhs per year

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

The estimated take-home salary of a Senior Manager at SBI General Insurance ranges between ₹93,783 per month to ₹96,304 per month in Mumbai. The take-home salary calculation is based on the average SBI General Insurance Senior Manager salary in India which ranges between ₹6.5 Lakhs to ₹24.0 Lakhs per year for employees with experience between 5 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Senior Manager at SBI General Insurance in Mumbai?

According to AmbitionBox, 86% of the SBI General Insurance Senior Managers in Mumbai reported a notice period of 3 Months, 9% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 22 responses on AmbitionBox in last 2 years.

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SBI General Insurance Senior Manager Salaries in Mumbai

SBI General Insurance Senior Manager salary in Mumbai ranges between ₹6.5 Lakhs to ₹24 Lakhs with an average annual salary of ₹. Salary estimates are based on 25 SBI General Insurance latest salaries received from various employees of SBI General Insurance.