SBI Life Insurance Company Chennai Advisor Salaries by 4 Employees

1 - 3 years exp.

₹2.1 Lakhs - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

43% less than the average Advisor Salary in Insurance Companies for 1 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading Advisor Salary 2 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.5 L/yr
Human Resources Advisor Salary 1 year exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.5 L/yr
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Marketing & Communication Advisor Salary 3 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹4 L/yr

Last Updated: 5 Oct 2024

Companies similar to SBI Life Insurance Company for Advisor in Chennai

SBI Life Insurance Company Advisor Salary

1 - 3 years exp. (4 salaries)

₹2.1 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
Life Insurance Corporation of India Advisor Salary 2 - 8 years exp. (3 salaries)	₹3 L/yr - ₹5 L/yr 33% more
Fiserv Advisor Salary 11 - 18 years exp. (54 salaries)	₹17.4 L/yr - ₹42 L/yr 850% more	1 job opening
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Thryve Digital Advisor Salary 11 - 18 years exp. (40 salaries)	₹15.1 L/yr - ₹33.4 L/yr 654% more
Concentrix Corporation Advisor Salary 0 - 6 years exp. (38 salaries)	₹1.7 L/yr - ₹4.5 L/yr 4% less
Altruist Technologies Advisor Salary 0 - 4 years exp. (35 salaries)	₹1 L/yr - ₹3 L/yr 36% less

Advisor salary at SBI Life Insurance Company ranges between ₹2.1 Lakhs to ₹4 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Advisor salaries in Chennai

Last Updated: 5 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr

From

Advisor

₹

Lakhs/yr

1 - 10 years exp.

Senior Manager

₹

Lakhs/yr

5 - 14 years exp.

Advisor 1 - 10 years exp.

Manager 3 - 17 years exp.

240% hike

Senior Manager 5 - 14 years exp.

-6% hike

From

View 1 more level

Advisor

1 - 10 years exp.

Associate Vice President

9 - 20 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary

(22 salaries)

₹2.4 L/yr - ₹5.5 L/yr

Sales Executive Salary

(5 salaries)

₹2.35 L/yr - ₹3.05 L/yr

Process Associate Salary

(3 salaries)

₹1.2 L/yr - ₹3.12 L/yr

Salary related reviews for SBI Life Insurance Company

Advisor

Advisor Department

5.0

• posted on 26 Feb 2020

5.0

for Salary and Benefits

Likes

I LOVE THE FACT THAT I AM A PART OF A TEAM THAT MARKETS RELIABLE, HIGH QUALITY PRODUCTS AND HAS A GLOBLECLIENT BASE.

Salary - Excellent

+6 more

Dislikes

Compensation is decent but growth is slow. The work pressure is very high. Sometimes I have to work 14-18hours straight in a day as a have to attend clients calls in the evening.

Senior Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 May 2022

3.0

for Salary and Benefits

Likes

Average work environment and culture . Teammates are supportive and the management is selfish. Company policies are bad . Appraisals not fair in this company.

Job security - Good

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is very slow

Work satisfaction - Poor

+2 more

Senior Associate in Jaipur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 Apr 2018

3.0

for Salary and Benefits

Likes

Company is

Job security - Good

+1 more

Dislikes

Company is good but as per process of career growth, it is very slow. Company's salary structure is also not good. My salary is less than a person who is coming on my position which I had before 2 years

Senior Associate in Sultanpur

BFSI, Investments & Trading Department

5.0

• posted on 29 Oct 2020

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 salary hike and bonus every year.

Salary - Excellent

+6 more

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

see more salary related reviews

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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 Advisor Salary FAQs

What is the salary of Advisor at SBI Life Insurance Company in Chennai?

The average salary of a Advisor at SBI Life Insurance Company in Chennai typically ranges from ₹2.1 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Advisor in Chennai at SBI Life Insurance Company earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Advisor 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 Advisor at SBI Life Insurance Company in Chennai?

The estimated take-home salary of a Advisor at SBI Life Insurance Company in Chennai typically ranges from ₹23,120 to ₹24,586 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 1 year to 3 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 Advisor in India?

Fiserv	₹17.4 Lakhs to ₹42.0 Lakhs per year
Thryve Digital	₹15.1 Lakhs to ₹33.4 Lakhs per year
Life Insurance Corporation of India	₹3.0 Lakhs to ₹5.0 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 Advisor in companies similar to SBI Life Insurance Company in Chennai?

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

Concentrix Corporation	₹1.7 Lakhs to ₹4.5 Lakhs per year
Altruist Technologies	₹1.0 Lakhs to ₹3.0 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 Advisor at SBI Life Insurance Company in Chennai?

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

Experience	Average Salary Range
1 year	₹2.6 Lakhs to ₹3.3 Lakhs per year
2 years	₹2.7 Lakhs to ₹3.4 Lakhs per year
3 years	₹2.7 Lakhs to ₹3.5 Lakhs per year

and so on.

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SBI Life Insurance Company Advisor Salaries in Chennai

SBI Life Insurance Company Advisor salary in Chennai ranges between ₹2.1 Lakhs to ₹4 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.