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SBI Life Insurance Company

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3.8

based on 3.9k Reviews

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SBI Life Insurance Company Agency Manager salaries in Hyderabad / Secunderabad (Updated 2025)

Annual salary range
1 - 13 years exp.
₹3.1 Lakhs - ₹5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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

Interested in this particular role? 1 job opening

Salaries in different departments

Sales & Business Development
Agency Manager Salary
1 - 13 years exp. (13 salaries)
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₹3.5 L/yr - ₹4.8 L/yr

BFSI, Investments & Trading
Agency Manager Salary
6 - 9 years exp. (7 salaries)
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₹3.1 L/yr - ₹4.1 L/yr

Customer Success, Service & Operations
Agency Manager Salary
4 - 8 years exp. (3 salaries)
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₹3.3 L/yr - ₹4.6 L/yr

Finance & Accounting
Agency Manager Salary
5 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹4.3 L/yr

Marketing & Communication
Agency Manager Salary
6 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.1 L/yr

Last Updated: 10 Mar 2025

Companies similar to SBI Life Insurance Company for Agency Manager in Hyderabad / Secunderabad

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SBI Life Insurance Company Agency Manager Salary

1 - 13 years exp. (32 salaries)
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₹3.1 L/yr - ₹5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Aditya Birla Health Insurance Co Agency Manager Salary

1 - 6 years exp. (8 salaries)
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₹2.7 L/yr - ₹4 L/yr

arrow icon 18% less
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HDFC Life Agency Manager Salary

0 - 7 years exp. (8 salaries)
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₹3 L/yr - ₹5 L/yr

arrow icon 2% less
 1 job opening
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Axis Max Life Insurance Agency Manager Salary

5 - 12 years exp. (7 salaries)
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₹3.6 L/yr - ₹5 L/yr

arrow icon 7% more
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Reliance Nippon Life Insurance Agency Manager Salary

2 - 5 years exp. (3 salaries)
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₹2.5 L/yr - ₹3.8 L/yr

arrow icon 24% less
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HDFC Ergo General Insurance Agency Manager Salary

0 - 7 years exp. (3 salaries)
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₹3 L/yr - ₹4.2 L/yr

arrow icon 4% less
Agency Manager salary at SBI Life Insurance Company ranges between ₹3.1 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 32 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Agency Manager in Hyderabad / Secunderabad

1mo ago
₹4.6 Lakhs
8 years exp.
1mo ago
₹3.3 Lakhs
8 years exp.
2mo ago
₹5 Lakhs
6 years exp.
2mo ago
₹3.9 Lakhs
5 years exp.
2mo ago
₹4.8 Lakhs
1 year exp.
4mo ago
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10 years exp.
7mo ago
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2 years exp.
7mo ago
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8 years exp.
10mo ago
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4 years exp.
11mo ago
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4 years exp.

Experience wise SBI Life Insurance Company Agency Manager salaries in Hyderabad / Secunderabad

Last Updated: 10 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.7 L/yr
2 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.7 L/yr
3 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
4 years  (4 salaries)

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₹3.6 L/yr - ₹7.3 L/yr
5 years  (5 salaries)

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₹3.5 L/yr - ₹4.3 L/yr
View all
SBI Life Insurance Company Agency Manager Salary and Career Growth

From

To

Agency Manager

₹unlock blur Lakhs/yr

1 - 13 years exp.

Senior Branch Manager

₹unlock blur Lakhs/yr

10 - 22 years exp.

Agency Manager

1 - 13 years exp.
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Senior Agency Manager

3 - 12 years exp.
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arrow icon 15% hike

Assistant Branch Sales Manager

8 - 15 years exp.
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arrow icon 33% hike

From

View 3 more levels

To

Agency Manager

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1 - 13 years exp.

Divisional Sales Manager

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11 - 20 years exp.

From

View 2 more levels

To

Agency Manager

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1 - 13 years exp.

Associate Branch Manager

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3 - 20 years exp.

From

View 3 more levels

To

Agency Manager

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1 - 13 years exp.

Divisional Manager

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13 - 25 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

Area Manager Salary
(16 salaries)
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₹6 L/yr - ₹11.5 L/yr
Sales Manager Salary
(5 salaries)
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₹3.25 L/yr - ₹5 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

3.0

Rated by 8 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..

read more
  • 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

read more
  • 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

read more
  • 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

read more

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.

read more
  • 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.

read more
  • 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.

read more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions
1w (edited)
an inside sales executive
Unexpected job policies: stay or switch?
I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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SBI Life Insurance Company Agency Manager Salary FAQs

What is the salary of Agency Manager at SBI Life Insurance Company in Hyderabad / Secunderabad?
The average salary of a Agency Manager at SBI Life Insurance Company in Hyderabad / Secunderabad typically ranges from ₹3.1 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 13 years).

The top 10% of Agency Manager in Hyderabad / Secunderabad at SBI Life Insurance Company earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Agency 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 30+ SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Agency Manager at SBI Life Insurance Company in Hyderabad / Secunderabad?
The estimated take-home salary of a Agency Manager at SBI Life Insurance Company in Hyderabad / Secunderabad typically ranges from ₹29,696 to ₹31,014 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year to 13 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 30+ salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Agency Manager at SBI Life Insurance Company in Hyderabad / Secunderabad?
To be a Agency Manager at SBI Life Insurance Company in Hyderabad / Secunderabad, the key skills required include:

  • - Marketing
  • - Sales Planning
  • - Business Development
  • - Sales
  • - Tied Channel

These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SBI Life Insurance Company for Agency Manager in India?
Axis Max Life Insurance ₹3.6 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 Agency Manager in companies similar to SBI Life Insurance Company in Hyderabad / Secunderabad?
The salary of a Agency Manager at companies similar to SBI Life Insurance Company in Hyderabad / Secunderabad varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Life ₹3.0 Lakhs to ₹5.0 Lakhs per year
HDFC Ergo General Insurance ₹3.0 Lakhs to ₹4.2 Lakhs per year
Aditya Birla Health Insurance Co ₹2.7 Lakhs to ₹4.0 Lakhs per year
Reliance Nippon Life Insurance ₹2.5 Lakhs to ₹3.8 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 Agency Manager at SBI Life Insurance Company in Hyderabad / Secunderabad?
The salary growth for a Agency Manager at SBI Life Insurance Company in Hyderabad / Secunderabad depends on factors such as experience, performance, and promotions. On average, a Agency Manager in Hyderabad / Secunderabad can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
1 year ₹3.6 Lakhs to ₹4.7 Lakhs per year
2 years ₹3.6 Lakhs to ₹4.7 Lakhs per year
3 years ₹3.6 Lakhs to ₹4.6 Lakhs per year
4 years ₹3.6 Lakhs to ₹7.3 Lakhs per year
and so on.

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SBI Life Insurance Company Agency Manager salary in Hyderabad / Secunderabad ranges between ₹3.1 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 32 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.