SBI General Insurance Team Manager Salaries by 7 Employees

0 - 7 years exp.

₹3.2 Lakhs - ₹11.6 Lakhs

Low Confidence

Salary of majority employees

Fixed (76%)

₹5.1 Lakhs

Variable (24%)

₹1.6 Lakh

59% less than the average Team Manager Salary in Insurance Companies for 0 - 7 years of experience

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Last Updated: 8 Jun 2024

Companies similar to SBI General Insurance for Team Manager

Company name	Avg Annual Salary	Open Jobs
Gallagher Team Manager Salary 7 - 14 years exp. (210 salaries)	₹4.3 L/yr - ₹14 L/yr 29% more
HDFC Life Team Manager Salary 1 - 10 years exp. (28 salaries)	₹3.5 L/yr - ₹7.3 L/yr 2% more
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Star Health & Allied Insurance Team Manager Salary 1 - 8 years exp. (17 salaries)	₹3 L/yr - ₹7.8 L/yr 32% less
Bajaj Allianz Life Insurance Team Manager Salary 0 - 10 years exp. (15 salaries)	₹2.2 L/yr - ₹11.1 L/yr 3% more
ICICI Prudential Life Insurance Team Manager Salary 1 - 8 years exp. (12 salaries)	₹3.8 L/yr - ₹9.6 L/yr 25% more
MetLife Team Manager Salary 5 - 17 years exp. (12 salaries)	₹13.7 L/yr - ₹34.4 L/yr 242% more
Kotak Mahindara Life Insurance Team Manager Salary 0 - 7 years exp. (12 salaries)	₹1.2 L/yr - ₹7.5 L/yr 24% less
SBI Life Insurance Company Team Manager Salary 3 - 19 years exp. (11 salaries)	₹7.5 L/yr - ₹15 L/yr 85% more
Axis Max Life Insurance Team Manager Salary 6 - 13 years exp. (9 salaries)	₹5.7 L/yr - ₹11.3 L/yr 67% more
Tata AIA Life Insurance Team Manager Salary 4 - 15 years exp. (9 salaries)	₹4 L/yr - ₹16.7 L/yr 47% more
ManipalCigna Health Insurance Team Manager Salary 6 - 14 years exp. (9 salaries)	₹4.5 L/yr - ₹6 L/yr 19% less
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Magma HDI General Insurance Team Manager Salary 5 - 16 years exp. (8 salaries)	₹7.5 L/yr - ₹13 L/yr 45% more
PNB MetLife Team Manager Salary 2 - 11 years exp. (7 salaries)	₹4 L/yr - ₹15 L/yr 26% more	1 job opening
Star Union Dai-ichi Life Insurance Team Manager Salary 3 - 12 years exp. (6 salaries)	₹4.3 L/yr - ₹15.3 L/yr 33% more
Royal Sundaram General Insurance Team Manager Salary 8 - 22 years exp. (5 salaries)	₹6.1 L/yr - ₹16 L/yr 58% more
Aditya Birla Sun Life Insurance Team Manager Salary 3 - 11 years exp. (5 salaries)	₹5.5 L/yr - ₹12.3 L/yr 21% more
AXA Team Manager Salary 8 - 15 years exp. (5 salaries)	₹25 L/yr - ₹48 L/yr 382% more
AIG Team Manager Salary 5 - 14 years exp. (5 salaries)	₹11.5 L/yr - ₹30 L/yr 168% more
Reliance Nippon Life Insurance Team Manager Salary 1 - 10 years exp. (4 salaries)	₹6.9 L/yr - ₹11.5 L/yr 14% more
Aviva Life Insurance India Team Manager Salary 8 - 10 years exp. (4 salaries)	₹6 L/yr - ₹14.9 L/yr 38% more

View all

Team Manager salary at SBI General Insurance ranges between ₹3.2 Lakhs to ₹11.6 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 7 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Team Manager salaries

Last Updated: 8 Jun 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	₹3.2 L/yr - ₹8 L/yr
1 year (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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2 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹8 L/yr
3 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
4 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
5 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹12.3 L/yr
6 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹8 L/yr
7 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹12.6 L/yr

View all

Similar Designation salaries in SBI General Insurance

Area Manager Salary

(6 salaries)

₹8.98 L/yr - ₹15.2 L/yr

Store Manager Salary

(4 salaries)

₹6.7 L/yr - ₹26 L/yr

Branch Manager Salary

(7 salaries)

₹6.5 L/yr - ₹10.5 L/yr

Deputy Manager Salary

(158 salaries)

₹3.7 L/yr - ₹9.68 L/yr

Team Lead Salary

(19 salaries)

₹2.8 L/yr - ₹5.45 L/yr

Project Manager Salary

(17 salaries)

₹8 L/yr - ₹20.5 L/yr

Department Manager Salary

(3 salaries)

₹8 L/yr - ₹13 L/yr

Cluster Manager Salary

(37 salaries)

₹7 L/yr - ₹15.25 L/yr

Operations Manager Salary

(5 salaries)

₹3.75 L/yr - ₹6.25 L/yr

Relationship Manager Salary

(203 salaries)

₹1.75 L/yr - ₹6.6 L/yr

Salary related reviews for SBI General Insurance

3.6

Rated by 5 employees for salary & benefits

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

Relationship Manager in Goa

Agency Sales Department

3.0

• posted on 29 Dec 2020

1.0

for Salary and Benefits

Likes

Office team was good. There was work flexibility. Monthly salary used to get on time. Company never deducted Salary during COVID pandemic period.

Dislikes

Joined this company more then year and half back. Initially everything was fine but suddenly company became over aggressive and messed up the things. The back office process in this company is extremely slow and poor. Even the reporting head was so slow that, literally to issue one policy they used to take two days. Poor support from reporting head. He was not even bothered to check my Whats app messages related to work in case of urgency. He did not even showed courtesy to start the process of company travel claim related to my Induction training due to which I lost my 7000 INR.

Salary - Bad

+2 more

Relationship Manager in Lucknow

Sales & Business Development Department

5.0

• posted on 18 Dec 2020

5.0

for Salary and Benefits

Likes

During covid-19 period SBI General Support us like our family.Good work environment,culture and here Seniors are very supportive in this pandemic. Great work experience here and our family also satisfy ki I am a part of this organization.

Salary - Excellent

+6 more

Dislikes

Salary are too low as equal to work experience of the employee.So it request please raise salary correction under certain time period. And in our GMC policy request please increase Sum insured limit under Executive Grade.

Relationship Manager in Patna

Rural Development Government's Businesses Department

1.0

• posted on 29 Aug 2021

1.0

for Salary and Benefits

Likes

Salary pay on time but allowance & reimbursement payments are not available on time and some payments are not paid. Mr Bala, Miss Archana & Miss Dimple are fraud employees in SBIG. They are torture to his junior employees & team. They are bad guys so please don’t work there to work here is not available for best careers.

Dislikes

Company Salary is not survival for everyone and expense is not allowed every month and working culture is very bad. Senior Head is not helpful for guidelines.

Salary - Bad

+6 more

Relationship Manager in Nagaur

SALES Department

4.0

• posted on 16 Dec 2019

5.0

for Salary and Benefits

Likes

TRANING TIME GOOD,CAREER GROTH POSSIBLE IF HARD WORK,SALARY MINDBLOWING,TRAVEL DAILY BRANCH VISITE 100-150KM, WORK ENVIORMENT GOOD,

Salary - Excellent

+3 more

Dislikes

the work pressure is high. daily branch visite and daily travl 14-15 hours in bus.. sometime time 18hours.. rual aera branch ... some time i feel pain ...

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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SBI General Insurance Team Manager Salary FAQs

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

The average salary of a Team Manager at SBI General Insurance in India typically ranges from ₹3.2 Lakhs to ₹11.6 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Team Manager at SBI General Insurance earn more than ₹14.4 Lakhs per year, and the top 1% earn over ₹16.0 Lakhs per year. Team 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 7 SBI General Insurance employees in India.

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

The estimated take-home salary of a Team Manager at SBI General Insurance in India typically ranges from ₹51,396 to ₹52,608 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹11.6 Lakhs per year for employees with experience ranging from Fresher to 7 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 7 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 Team Manager in India?

AXA	₹25.0 Lakhs to ₹48.0 Lakhs per year
Swiss Re	₹18.0 Lakhs to ₹40.0 Lakhs per year
Chubb	₹22.0 Lakhs to ₹26.0 Lakhs per year
MetLife	₹13.7 Lakhs to ₹34.4 Lakhs per year
Allianz Partners	₹8.0 Lakhs to ₹32.0 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 Team Manager in companies similar to SBI General Insurance in India?

The salary of a Team 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:

Allianz	₹5.8 Lakhs to ₹29.6 Lakhs per year
Principal Global Services	₹11.0 Lakhs to ₹29.3 Lakhs per year
Cholamandalam MS General Insurance	₹10.0 Lakhs to ₹26.0 Lakhs per year
AIG	₹11.5 Lakhs to ₹30.0 Lakhs per year
SBI Life Insurance Company	₹7.5 Lakhs to ₹15.0 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 Team Manager at SBI General Insurance in India?

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

Experience	Average Salary Range
Fresher	₹3.2 Lakhs to ₹8.0 Lakhs per year
1 year	₹5.9 Lakhs to ₹7.5 Lakhs per year
2 years	₹2.6 Lakhs to ₹8.0 Lakhs per year
3 years	₹6.0 Lakhs to ₹7.7 Lakhs per year

and so on.

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SBI General Insurance Team Manager Salaries

SBI General Insurance Team Manager salary in India ranges between ₹3.2 Lakhs to ₹11.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 SBI General Insurance latest salaries received from various employees of SBI General Insurance.