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

6 - 11 years exp.

₹10.1 Lakhs - ₹12 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

42% less than 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

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
MetLife Actuarial Manager Salary 8 - 10 years exp. (4 salaries)	₹28 L/yr - ₹51 L/yr 231% more
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Kotak Mahindara Life Insurance Actuarial Manager Salary 0 - 2 years exp. (4 salaries)	₹6.5 L/yr - ₹8.5 L/yr 34% less
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
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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

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₹2.2 L/yr - ₹9 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

(9 salaries)

₹7.12 L/yr - ₹9.99 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

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₹9 L/yr - ₹36.04 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

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Business Development Manager in Jaipur

Full Time

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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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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SBI Life Insurance Company Actuarial Manager Salary FAQs

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

The average salary of a Actuarial Manager at SBI Life Insurance Company in India typically ranges from ₹10.1 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 6 years to 11 years).

The top 10% of Actuarial Manager at SBI Life Insurance Company earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Actuarial Manager Salaries at SBI Life Insurance Company 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 4 SBI Life Insurance Company employees in India.

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 in India typically ranges from ₹77,769 to ₹79,788 per month. This is based on the average salary range of ₹10.1 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 6 years to 11 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 4 salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI Life Insurance Company for Actuarial Manager in India?

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

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI Life Insurance Company, depending on the role and experience level.

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

The salary of a Actuarial Manager at companies similar to SBI Life Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindara Life Insurance	₹6.5 Lakhs to ₹8.5 Lakhs per year
Care Health Insurance	₹4.5 Lakhs to ₹8.8 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 Actuarial Manager at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
6 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
10 years	₹9.1 Lakhs to ₹11.6 Lakhs per year
11 years	₹10.1 Lakhs to ₹12.9 Lakhs per year

and so on.

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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.