SBI Life Insurance Company Agency Manager Salaries by 200+ Employees (Updated 2025)

1 - 13 years exp.

₹2.8 Lakhs - ₹5 Lakhs

Salary of majority employees

Fixed (100%)

₹3.9 Lakhs

Variable (0%)

₹0.0

8% more than the average Agency Manager Salary in Insurance Companies for 1 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Agency Manager Salary 1 - 13 years exp. (79 salaries)	₹2.9 L/yr - ₹4.5 L/yr
Sales & Business Development Agency Manager Salary 1 - 13 years exp. (67 salaries)	₹2.8 L/yr - ₹4.8 L/yr
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Finance & Accounting Agency Manager Salary 1 - 9 years exp. (13 salaries)	₹3.1 L/yr - ₹4.5 L/yr
Marketing & Communication Agency Manager Salary 3 - 9 years exp. (13 salaries)	₹3.3 L/yr - ₹4.5 L/yr
Customer Success, Service & Operations Agency Manager Salary 1 - 8 years exp. (9 salaries)	₹3.3 L/yr - ₹4.6 L/yr

Last Updated: 16 Feb 2025

Companies similar to SBI Life Insurance Company for Agency Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Agency Manager Salary 0 - 8 years exp. (157 salaries)	₹2.2 L/yr - ₹5.3 L/yr 1% more
HDFC Life Agency Manager Salary 0 - 7 years exp. (82 salaries)	₹1.8 L/yr - ₹7 L/yr 2% less
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Max Life Insurance Agency Manager Salary 2 - 11 years exp. (153 salaries)	₹2.2 L/yr - ₹6.5 L/yr 9% more	1 job opening
Bajaj Allianz Life Insurance Agency Manager Salary 0 - 11 years exp. (8 salaries)	₹2.5 L/yr - ₹7 L/yr At par	1 job opening
Kotak Mahindara Life Insurance Agency Manager Salary 0 - 15 years exp. (26 salaries)	₹2 L/yr - ₹7.6 L/yr 21% less
Reliance Nippon Life Insurance Agency Manager Salary 0 - 7 years exp. (36 salaries)	₹1.8 L/yr - ₹3.8 L/yr 22% less
Tata AIA Life Insurance Agency Manager Salary 4 - 11 years exp. (7 salaries)	₹4.5 L/yr - ₹6 L/yr 29% more
Aditya Birla Sun Life Insurance Agency Manager Salary 0 - 8 years exp. (207 salaries)	₹1.8 L/yr - ₹3.3 L/yr 36% less
PNB MetLife Agency Manager Salary 0 - 11 years exp. (5 salaries)	₹2.8 L/yr - ₹7 L/yr 30% more
Life Insurance Corporation of India Agency Manager Salary 0 - 8 years exp. (9 salaries)	₹1.8 L/yr - ₹4 L/yr 23% less
Aditya Birla Health Insurance Co Agency Manager Salary 0 - 8 years exp. (113 salaries)	₹2.3 L/yr - ₹4 L/yr 17% less
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HDFC Ergo General Insurance Agency Manager Salary 0 - 11 years exp. (193 salaries)	₹2 L/yr - ₹5.9 L/yr 4% less
Star Health & Allied Insurance Agency Manager Salary 0 - 10 years exp. (36 salaries)	₹2.4 L/yr - ₹4.8 L/yr 12% less
Bajaj Allianz General Insurance Agency Manager Salary 3 - 13 years exp. (17 salaries)	₹3.5 L/yr - ₹6.5 L/yr 19% more
ICICI Lombard General Insurance Company Agency Manager Salary 0 - 8 years exp. (13 salaries)	₹2.4 L/yr - ₹6 L/yr 4% more
Shriram Life Insurance Agency Manager Salary 7 - 13 years exp. (5 salaries)	₹2.4 L/yr - ₹5 L/yr 3% less
SBI General Insurance Agency Manager Salary 2 - 8 years exp. (5 salaries)	₹2.4 L/yr - ₹4.5 L/yr 3% less
The Oriental Insurance Co. Agency Manager Salary 4 - 10 years exp. (4 salaries)	₹1.9 L/yr - ₹7.1 L/yr 74% more

Agency Manager salary at SBI Life Insurance Company ranges between ₹2.8 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 251 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Agency Manager salaries

Last Updated: 16 Feb 2025

Experience	Avg Annual Salary
1 year (17 salaries)	₹3 L/yr - ₹4.8 L/yr
2 years (15 salaries)	₹2.9 L/yr - ₹4.5 L/yr
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3 years (21 salaries)	₹3 L/yr - ₹4.5 L/yr
4 years (24 salaries)	₹3 L/yr - ₹4.5 L/yr
5 years (38 salaries)	₹3.1 L/yr - ₹4.6 L/yr
6 years (33 salaries)	₹2.8 L/yr - ₹5 L/yr
7 years (22 salaries)	₹3.1 L/yr - ₹4.6 L/yr
8 years (25 salaries)	₹3 L/yr - ₹4.6 L/yr
9 years (16 salaries)	₹3 L/yr - ₹4.6 L/yr
10 years (12 salaries)	₹3 L/yr - ₹4.5 L/yr
11 years (5 salaries)	₹3 L/yr - ₹4.5 L/yr
12 years (15 salaries)	₹3 L/yr - ₹4.6 L/yr
13 years (8 salaries)	₹3 L/yr - ₹4.4 L/yr

View all

From

Agency Manager

₹

Lakhs/yr

1 - 13 years exp.

Divisional Manager

₹

Lakhs/yr

13 - 25 years exp.

Agency Manager 1 - 13 years exp.

Senior Agency Manager 3 - 13 years exp.

11% hike

Assistant Branch Sales Manager 8 - 15 years exp.

38% hike

From

3 more levels

Agency Manager

1 - 13 years exp.

Divisional Sales Manager

11 - 20 years exp.

View 2 more career paths

From

3 more levels

Agency Manager

1 - 13 years exp.

Senior Branch Manager

10 - 22 years exp.

From

2 more levels

Agency Manager

1 - 13 years exp.

Associate Branch Manager

3 - 20 years exp.

Similar Designation salaries in SBI Life Insurance Company

Branch Manager Salary

(170 salaries)

₹6.5 L/yr - ₹15.7 L/yr

Area Manager Salary

(218 salaries)

₹4.6 L/yr - ₹14.21 L/yr

Deputy Manager Salary

(38 salaries)

₹2.5 L/yr - ₹10 L/yr

Regional Manager Salary

(6 salaries)

₹30 L/yr - ₹39.09 L/yr

Sales Manager Salary

(83 salaries)

₹1.2 L/yr - ₹5.6 L/yr

Business Manager Salary

(27 salaries)

₹5.1 L/yr - ₹8.5 L/yr

Area Sales Manager Salary

(17 salaries)

₹3.75 L/yr - ₹13.5 L/yr

Marketing Manager Salary

(16 salaries)

₹4.12 L/yr - ₹17 L/yr

Territory Manager Salary

(100 salaries)

₹4 L/yr - ₹7 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

₹6.6 L/yr - ₹8.4 L/yr

Top skills at SBI Life Insurance Company for Agency Manager

Marketing Sales Planning Business Development Sales Tied Channel Life Insurance FMCG Sales Insurance Sales Customer Relationship Team Building Leadership Skills Pharmaceutical Sales Telecom Sales Retail Sales Agency Sales

Salary related reviews for SBI Life Insurance Company

3.7

Rated by 173 employees for salary & benefits

Agency Manager in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

1.0

• posted on 27 Jun 2023

1.0

for Salary and Benefits

Likes

Good organisation for learning Training provide by that organisation is very good Customer service is nice Chain of branch is very good..

Skill development - Good

Dislikes

...ale without competition Senior manager always gives pressure to unit manager.. They earn 6 digit salary and lower staff salary is only 20k... promote product Boucher to investment own money...mea If you join that organisation get ready for so much pressure with low salary

Salary - Bad

+5 more

Agency Manager in Dharamshala

Human Resources Department

5.0

• posted on 25 May 2022

5.0

for Salary and Benefits

Likes

Job security depends on your working If u are doing well on all parameters your job is secured company is employees oriented salary hike is only on your promotion

Salary - Excellent

+6 more

Dislikes

Management is good salary hike is depend on your promotion that is the major problem in this company career growth is depends upon your promotion. And training is given by the company on all parameters

Agency Manager in Bilaspur

Sales & Business Development Department

5.0

• posted on 02 Apr 2020

2.0

for Salary and Benefits

Likes

SBI life Insurance is a very good company regarding salary growth working environment learning but politics is overwhelming in this company your long time survival depends allways on the bosses will' that should be taken care by the company. what is review? it's is kind of where you are lacking and where should improve but Review means here do or die. perform or perish.in this way sbi is loosing Good hardworking and skillful workers.

Work-life balance - Good

Dislikes

everything is ok in sbi there is to much of review

Salary - Poor

+2 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

Area Sales Manager in Vijayawada

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 05 Aug 2023

5.0

for Salary and Benefits

Likes

I am so Proud to say Working this organisation last 4years. i got a two promotions last two years.

Salary - Excellent

+6 more

Dislikes

I expecting Long time Vintage Employes Expect Minimum Salary hike. because Now a days out side companies giving a more salary hikes Vintage persons so Our Company giving a minimum hikes of Vintage Employes it will so benefit and no one live Our Company.

see more salary related reviews

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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SBI Life Insurance Company Agency Manager Salary FAQs

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

Agency Manager salary at SBI Life Insurance Company in India ranges between ₹2.8 Lakhs to ₹5.0 Lakhs for experience between 1 years to 13 years. According to our estimates it is 8% more than the average Agency Manager Salary in India. Salary estimates are based on 251 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Agency Manager at SBI Life Insurance Company is 8% more than the average salary of a Agency Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Agency Manager at SBI Life Insurance Company?

Marketing, Sales Planning, Business Development, Sales and Tied Channel are some of the popular skills required to work as a Agency Manager at SBI Life Insurance Company India.

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

The Oriental Insurance Co. Agency Manager Salary - ₹1.9 Lakhs to ₹7.1 Lakhs per year
PNB MetLife Agency Manager Salary - ₹2.8 Lakhs to ₹7.0 Lakhs per year
Tata AIA Life Insurance Agency Manager Salary - ₹4.5 Lakhs to ₹6.0 Lakhs per year
Bajaj Allianz General Insurance Agency Manager Salary - ₹3.5 Lakhs to ₹6.5 Lakhs per year
Max Life Insurance Agency Manager Salary - ₹2.2 Lakhs to ₹6.5 Lakhs per year

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

ICICI Lombard General Insurance Company Agency Manager Salary - ₹2.4 Lakhs to ₹6.0 Lakhs per year
ICICI Prudential Life Insurance Agency Manager Salary - ₹2.2 Lakhs to ₹5.3 Lakhs per year
Bajaj Allianz Life Insurance Agency Manager Salary - ₹2.5 Lakhs to ₹7.0 Lakhs per year
HDFC Life Agency Manager Salary - ₹1.8 Lakhs to ₹7.0 Lakhs per year
SBI General Insurance Agency Manager Salary - ₹2.4 Lakhs to ₹4.5 Lakhs per year

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

The estimated take-home salary of a Agency Manager at SBI Life Insurance Company ranges between ₹28,854 per month to ₹30,236 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Agency Manager salary in India which ranges between ₹2.8 Lakhs to ₹5.0 Lakhs per year for employees with experience between 1 years to 13 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the SBI Life Insurance Company Agency Managers reported a notice period of 1 Month, 26% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 418 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Agency Manager Salaries by Location

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SBI Life Insurance Company Agency Manager Salaries

SBI Life Insurance Company Agency Manager salary in India ranges between ₹2.8 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 251 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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SBI Life Insurance Company Agency Manager salaries in India

Companies similar to SBI Life Insurance Company for Agency Manager

Latest annual salaries shared by SBI Life Insurance Company Agency Manager

Experience wise SBI Life Insurance Company Agency Manager salaries

Similar Designation salaries in SBI Life Insurance Company

Top skills at SBI Life Insurance Company for Agency Manager

Salary related reviews for SBI Life Insurance Company

Agency Manager in Hyderabad / Secunderabad

Agency Manager in Dharamshala

Agency Manager in Bilaspur

Business Development Manager in Deoghar

Area Sales Manager in Vijayawada

SBI Life Insurance Company Agency Manager Salary FAQs

Tell us how to improve this page.

SBI Life Insurance Company Agency Manager Salaries by Location