SBI Life Insurance Company Actuarial Manager Salaries by 4 Employees (Updated 2025)

6 - 11 years exp.

₹10.1 Lakhs - ₹12 Lakhs

Low Confidence

Salary of majority employees

41% less than the average Actuarial Manager Salary in Insurance Companies for 6 - 11 years of experience

Interested in this particular role?

Salaries in different departments

Data Science & Analytics Actuarial Manager Salary 10 years exp. (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.1 L/yr
Login to view exact salary
Production, Manufacturing & Engineering Actuarial Manager Salary 10 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11.1 L/yr

Last Updated: 5 Feb 2025

Companies similar to SBI Life Insurance Company for Actuarial Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Actuarial Manager Salary 0 - 5 years exp. (6 salaries)	₹5.3 L/yr - ₹25.2 L/yr 36% more
Kotak Mahindara Life Insurance Actuarial Manager Salary 0 - 2 years exp. (4 salaries)	₹6.5 L/yr - ₹8.5 L/yr 34% less
Login to view exact salary
MetLife Actuarial Manager Salary 8 - 10 years exp. (4 salaries)	₹28 L/yr - ₹51 L/yr 231% more
Care Health Insurance Actuarial Manager Salary 0 - 3 years exp. (9 salaries)	₹4.5 L/yr - ₹8.8 L/yr 36% less
WNS Actuarial Manager Salary 2 - 16 years exp. (5 salaries)	₹10.1 L/yr - ₹27 L/yr 76% more

Actuarial Manager salary at SBI Life Insurance Company ranges between ₹10.1 Lakhs to ₹12 Lakhs per year for employees with experience between 6 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Actuarial Manager salaries

Last Updated: 5 Feb 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
10 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
Login to view exact salary
11 years (AmbitionBox Estimate)	₹10.1 L/yr - ₹12.9 L/yr

Similar Designation salaries in SBI Life Insurance Company

Actuarial Analyst Salary

(AmbitionBox Estimate)

₹7 L/yr - ₹9 L/yr

Deputy Manager Salary

(38 salaries)

₹2.5 L/yr - ₹10 L/yr

Chief Manager Salary

(4 salaries)

₹17 L/yr - ₹40 L/yr

Financial Analyst Salary

(6 salaries)

₹2 L/yr - ₹7.5 L/yr

Accountant Salary

(5 salaries)

₹6.22 L/yr - ₹10 L/yr

Senior Actuarial Analyst Salary

(3 salaries)

₹8.1 L/yr - ₹10.4 L/yr

Data Entry Operator Salary

(AmbitionBox Estimate)

₹2.1 L/yr - ₹2.6 L/yr

Administration Officer Salary

(3 salaries)

₹1.2 L/yr - ₹3.5 L/yr

Senior Consultant Salary

(3 salaries)

₹13 L/yr - ₹33 L/yr

Associate Vice President Salary

(170 salaries)

₹9 L/yr - ₹38 L/yr

Salary related reviews for SBI Life Insurance Company

Business Development Manager in Deoghar

Full Time

Marketing & Communication Department

5.0

• posted on 30 Jan 2025

2.0

for Salary and Benefits

Likes

Very good policy, good Behaviour from all senior Management.

Skill development - Good

+3 more

Dislikes

I am working from last 8 year but my salary is very low. If someone working is in other companies and they switched from there to here they are getting good CTC. If you are working in good location and if your assign branch and branch manager is good so you can get promotion but if you not working in good location or your assign branch is not good it's very deficit to get promotion.

Salary - Poor

Business Development Manager in Rajkot

Full Time

Sales & Business Development Department

3.0

• posted on 01 Feb 2023

2.0

for Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

Official working days me bhi office bulate hain aur bill pay nahi karte hain personal life jaish kuchh nahi rehta hain aur morning 7:00am zoom start kar dete hain

Salary - Poor

+6 more

Business Development Manager in Jaipur

Full Time

Sels Department

5.0

• posted on 12 Apr 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

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Business Development Manager in Work Form Bank And Field

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 25 Sep 2023

1.0

for Salary and Benefits

Likes

Only Job Security,

Job security - Good

Dislikes

...hear from long time. Only due to not get any increment I have left the job..... You will hire new persons on higher package but you won't retain ur old employes on giving them some litter bit hike or increment. My humble request to you that plz take care of your old employes who are working on lower package or CTC, from long time...plz don't force them to leave the job due to lower Package... And plz start Rehiring. Lots of old employes are ready to work with sbilife Again.🙏

Salary - Bad

+3 more

Business Development Manager in Bangalore / Bengaluru

Sales Department

1.0

• posted on 12 May 2022

5.0

for Salary and Benefits

Likes

Salary before month end Brand Reputation

Salary - Excellent

+1 more

Dislikes

No personal life satisfaction Terrible AM behavior No felicitation No recognition Poor plans and costly Pressure will come like he'll If channel partners not supported even though we've to do business.. Less customer service at channel partner

Skill development - Poor

+2 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

Got a question about SBI Life Insurance Company?

Ask anonymously on communities.

SBI Life Insurance Company Actuarial Manager Salary FAQs

What is the salary of Actuarial Manager at SBI Life Insurance Company?

Actuarial Manager salary at SBI Life Insurance Company in India ranges between ₹10.1 Lakhs to ₹12.0 Lakhs for experience between 6 years to 11 years. According to our estimates it is 41% less than the average Actuarial Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company India.

How does the salary of a Actuarial Manager at SBI Life Insurance Company India compare with the average salary range for this job?

The average salary of a Actuarial Manager at SBI Life Insurance Company is 41% less than the average salary of a Actuarial Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Actuarial Manager in India?

MetLife Actuarial Manager Salary - ₹28.0 Lakhs to ₹51.0 Lakhs per year
WNS Actuarial Manager Salary - ₹10.1 Lakhs to ₹27.0 Lakhs per year
ICICI Prudential Life Insurance Actuarial Manager Salary - ₹5.3 Lakhs to ₹25.2 Lakhs per year

What is the salary of a Actuarial Manager in companies similar to SBI Life Insurance Company in India?

Kotak Mahindara Life Insurance Actuarial Manager Salary - ₹6.5 Lakhs to ₹8.5 Lakhs per year
Care Health Insurance Actuarial Manager Salary - ₹4.5 Lakhs to ₹8.8 Lakhs per year

What is the estimated take home salary of a Actuarial Manager at SBI Life Insurance Company in India?

The estimated take-home salary of a Actuarial Manager at SBI Life Insurance Company ranges between ₹77,769 per month to ₹79,788 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Actuarial Manager salary in India which ranges between ₹10.1 Lakhs to ₹12.0 Lakhs per year for employees with experience between 6 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Actuarial Manager at SBI Life Insurance Company?

According to AmbitionBox, 100% of the SBI Life Insurance Company Actuarial Managers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
SBI Life Insurance Company Salaries >
SBI Life Insurance Company Actuarial Manager Salaries

SBI Life Insurance Company Actuarial Manager salary in India ranges between ₹10.1 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.