SBI Life Insurance Company Mumbai Advisor Salaries by 3 Employees (Updated 2025)

2 - 7 years exp.

₹2 Lakhs - ₹4 Lakhs

Low Confidence

Salary of majority employees

25% less than the average Advisor Salary in Insurance Companies for 2 - 7 years of experience

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Last Updated: 24 Nov 2024

Companies similar to SBI Life Insurance Company for Advisor in Mumbai

SBI Life Insurance Company Advisor Salary

2 - 7 years exp. (3 salaries)

₹2 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Advisor Salary 1 - 2 years exp. (4 salaries)	₹2.5 L/yr - ₹3.6 L/yr 3% less
Max Life Insurance Advisor Salary 1 - 6 years exp. (4 salaries)	₹1.5 L/yr - ₹4.5 L/yr 5% less
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Life Insurance Corporation of India Advisor Salary 1 - 10 years exp. (10 salaries)	₹1.2 L/yr - ₹6 L/yr 18% more	1 job opening
Gallagher Advisor Salary 0 - 7 years exp. (31 salaries)	₹3.5 L/yr - ₹7 L/yr 43% more
ICICI Lombard General Insurance Company Advisor Salary 0 - 3 years exp. (5 salaries)	₹1.8 L/yr - ₹2.8 L/yr 25% less

Advisor salary at SBI Life Insurance Company ranges between ₹2 Lakhs to ₹4 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 3 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Advisor salaries in Mumbai

Last Updated: 24 Nov 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2 L/yr - ₹5.3 L/yr
3 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹4 L/yr
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4 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
7 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.1 L/yr

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From

Advisor

₹

Lakhs/yr

0 - 10 years exp.

Associate Vice President

₹

Lakhs/yr

9 - 19 years exp.

Advisor 0 - 10 years exp.

Manager 3 - 17 years exp.

219% hike

Associate Vice President 9 - 19 years exp.

111% hike

From

1 more level

Advisor

0 - 10 years exp.

Senior Manager

5 - 14 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

(95 salaries)

₹3 L/yr - ₹6.75 L/yr

Sales Executive Salary

(7 salaries)

₹2 L/yr - ₹4.5 L/yr

Team Lead Salary

(6 salaries)

₹3.6 L/yr - ₹4.8 L/yr

Quality Analyst Salary

(4 salaries)

₹3.8 L/yr - ₹4.5 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

Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

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SBI Life Insurance Company Advisor Salary FAQs

What is the notice period for Advisor at SBI Life Insurance Company in Mumbai?

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

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SBI Life Insurance Company Advisor Salaries in Mumbai

SBI Life Insurance Company Advisor salary in Mumbai ranges between ₹2 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.