SBI General Insurance State Manager Salaries by 4 Employees (Updated 2025)

0 - 19 years exp.

₹9.7 Lakhs - ₹15.5 Lakhs

Low Confidence

Salary of majority employees

Fixed (82%)

₹9.6 Lakhs

Variable (18%)

₹2.0 Lakhs

At par with the average State Manager Salary in Insurance Companies for 0 - 19 years of experience

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Salaries in different departments

Sales & Business Development State Manager Salary 0 - 19 years exp. (3 salaries)	₹10.3 L/yr - ₹15.5 L/yr
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BFSI, Investments & Trading State Manager Salary 10 years exp. (AmbitionBox Estimate)	₹8.7 L/yr - ₹10.7 L/yr

Last Updated: 23 Jan 2025

Companies similar to SBI General Insurance for State Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company State Manager Salary 4 - 12 years exp. (4 salaries)	₹3.5 L/yr - ₹9 L/yr 41% less
Bajaj Allianz General Insurance State Manager Salary 4 - 10 years exp. (6 salaries)	₹4.9 L/yr - ₹6 L/yr 55% less
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ICICI Prudential Life Insurance State Manager Salary 2 - 24 years exp. (4 salaries)	₹8.3 L/yr - ₹34 L/yr 61% more
Aditya Birla Sun Life Insurance State Manager Salary 5 - 7 years exp. (4 salaries)	₹6 L/yr - ₹8 L/yr 37% less
BlackBuck State Manager Salary 1 - 10 years exp. (24 salaries)	₹3.2 L/yr - ₹4.8 L/yr 64% less

State Manager salary at SBI General Insurance ranges between ₹9.7 Lakhs to ₹15.5 Lakhs per year for employees with less than 1 year of experience to 19 years. Salary estimates are based on 4 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance State Manager salaries

Last Updated: 23 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.9 L/yr - ₹10.3 L/yr
1 year (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
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2 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
3 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
4 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.8 L/yr
5 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr
6 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹12.3 L/yr
7 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.6 L/yr
8 years (AmbitionBox Estimate)	₹10.1 L/yr - ₹12.9 L/yr
9 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.2 L/yr
10 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹21.1 L/yr
11 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
12 years (AmbitionBox Estimate)	₹11 L/yr - ₹14 L/yr
13 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.3 L/yr
14 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹14.6 L/yr
15+ years (AmbitionBox Estimate)	₹13.3 L/yr - ₹15.5 L/yr

View all

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(13 salaries)

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₹6.5 L/yr - ₹10.5 L/yr

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₹8.98 L/yr - ₹15.2 L/yr

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₹7 L/yr - ₹15.05 L/yr

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₹4 L/yr - ₹9.1 L/yr

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Salary related reviews for SBI General Insurance

3.0

Rated by 1 employees for salary & benefits

Area Sales Manager in Ratlam

Full Time

Security Services Department

4.0

• posted on 06 Jan 2025

1.0

for Salary and Benefits

Likes

The company is good, the atmosphere and staff are also good and I want to work in this company for a long time.

Skill development - Good

+3 more

Dislikes

I am getting very less salary as compared to my hard work so my salary should be increased

Salary - Bad

+1 more

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

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SBI General Insurance State Manager Salary FAQs

What is the salary of State Manager at SBI General Insurance?

State Manager salary at SBI General Insurance in India ranges between ₹9.7 Lakhs to ₹15.5 Lakhs for less than 1 year of experience to 19 years. According to our estimates it is 1% less than the average State Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of SBI General Insurance India.

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

The average salary of a State Manager at SBI General Insurance is 1% less than the average salary of a State Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than SBI General Insurance to a State Manager in India?

ICICI Prudential Life Insurance State Manager Salary - ₹8.3 Lakhs to ₹34.0 Lakhs per year

What is the salary of a State Manager in companies similar to SBI General Insurance in India?

Aditya Birla Sun Life Insurance State Manager Salary - ₹6.0 Lakhs to ₹8.0 Lakhs per year
ICICI Lombard General Insurance Company State Manager Salary - ₹3.5 Lakhs to ₹9.0 Lakhs per year
Bajaj Allianz General Insurance State Manager Salary - ₹4.9 Lakhs to ₹6.0 Lakhs per year
BlackBuck State Manager Salary - ₹3.2 Lakhs to ₹4.8 Lakhs per year

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

The estimated take-home salary of a State Manager at SBI General Insurance ranges between ₹82,890 per month to ₹85,055 per month in India. The take-home salary calculation is based on the average SBI General Insurance State Manager salary in India which ranges between ₹9.7 Lakhs to ₹15.5 Lakhs per year for employees with less than 1 year of experience to 19 years. Check how did we calculate take home salary?

What is the notice period for State Manager at SBI General Insurance?

According to AmbitionBox, 80% of the SBI General Insurance State Managers reported a notice period of 3 Months, 20% reported a notice period of 15 days or less.This is based on 5 responses on AmbitionBox in last 2 years.

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SBI General Insurance State Manager Salaries

SBI General Insurance State Manager salary in India ranges between ₹9.7 Lakhs to ₹15.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SBI General Insurance latest salaries received from various employees of SBI General Insurance.