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

6 - 11 years exp.

₹10.1 Lakhs - ₹12 Lakhs

Salary of majority employees

Fixed (80%)

₹8.7 Lakhs

Variable (20%)

₹2.2 Lakhs

At par with the average Actuarial Manager Salary in Insurance Companies for 6 - 11 years of experience

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Salaries in different departments

Data Science & Analytics Actuarial Manager Salary 10 years exp. (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.1 L/yr
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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 in Mumbai

SBI Life Insurance Company Actuarial Manager Salary

6 - 11 years exp. (4 salaries)

₹10.1 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Actuarial Manager Salary 0 - 5 years exp. (4 salaries)	₹5.3 L/yr - ₹25.2 L/yr 39% more
Kotak Mahindara Life Insurance Actuarial Manager Salary 0 - 2 years exp. (3 salaries)	₹6.5 L/yr - ₹8.5 L/yr 34% less
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J B Boda Group Actuarial Manager Salary 2 - 4 years exp. (3 salaries)	₹7.2 L/yr - ₹10.9 L/yr 22% less
Reliance General Insurance Actuarial Manager Salary 4 - 5 years exp. (3 salaries)	₹6.7 L/yr - ₹10.5 L/yr 26% less

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 in Mumbai

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
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11 years (AmbitionBox Estimate)	₹10.1 L/yr - ₹12.9 L/yr

Similar Designation salaries in SBI Life Insurance Company

Associate Vice President Salary

(78 salaries)

₹12 L/yr - ₹36 L/yr

Deputy Manager Salary

(7 salaries)

₹4.5 L/yr - ₹10 L/yr

Salary related reviews for SBI Life Insurance Company

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

Business Development Manager

Karur Department

4.0

• posted on 14 Feb 2020

4.0

for Salary and Benefits

Likes

The SBI life insurance co Ltd . Developed employees career &life style I'm worked SBI life manappari branch .

Salary - Good

+4 more

Dislikes

My branch manager don't support to me & my office friends every day pressure & loss pay working time morning 7to evening 9

Work satisfaction - Poor

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SBI Life Insurance Company Actuarial Manager Salary FAQs

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

Actuarial Manager salary at SBI Life Insurance Company in Mumbai ranges between ₹10.1 Lakhs to ₹12.0 Lakhs for experience between 6 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

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

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 Mumbai?

J B Boda Group Actuarial Manager Salary - ₹7.2 Lakhs to ₹10.9 Lakhs per year
Reliance General Insurance Actuarial Manager Salary - ₹6.7 Lakhs to ₹10.5 Lakhs per year
Kotak Mahindara Life Insurance Actuarial Manager Salary - ₹6.5 Lakhs to ₹8.5 Lakhs per year

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

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 Mumbai. 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 in Mumbai?

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

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SBI Life Insurance Company Actuarial Manager Salaries in Mumbai

SBI Life Insurance Company Actuarial Manager salary in Mumbai 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.