SBI Life Insurance Company Agent Salaries by 10+ Employees

1 - 8 years exp.

₹1 Lakh - ₹7 Lakhs

Salary of majority employees

12% more than the average Agent Salary in Insurance Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Agent Salary 1 - 7 years exp. (7 salaries)	₹1.5 L/yr - ₹3.5 L/yr
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Sales & Business Development Agent Salary 2 - 8 years exp. (3 salaries)	₹2.4 L/yr - ₹2.8 L/yr

Last Updated: 20 Nov 2024

Companies similar to SBI Life Insurance Company for Agent

Company name	Avg Annual Salary	Open Jobs
HDFC Life Agent Salary 0 - 4 years exp. (12 salaries)	₹1.2 L/yr - ₹5 L/yr 7% less
ICICI Prudential Life Insurance Agent Salary 0 - 7 years exp. (9 salaries)	₹1.5 L/yr - ₹3.5 L/yr 14% less
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Axis Max Life Insurance Agent Salary 0 - 7 years exp. (25 salaries)	₹1.9 L/yr - ₹5 L/yr 28% more
Bajaj Allianz Life Insurance Agent Salary 1 - 5 years exp. (7 salaries)	₹1.2 L/yr - ₹4.2 L/yr 14% less
Kotak Mahindara Life Insurance Agent Salary 0 - 5 years exp. (6 salaries)	₹1 L/yr - ₹2.1 L/yr 26% less
Tata AIA Life Insurance Agent Salary 0 - 5 years exp. (6 salaries)	₹1 L/yr - ₹6 L/yr 2% more
Reliance Nippon Life Insurance Agent Salary 3 - 7 years exp. (4 salaries)	₹2.3 L/yr - ₹2.4 L/yr 20% less
Bharti AXA Life Insurance Agent Salary 1 - 3 years exp. (3 salaries)	₹1.5 L/yr - ₹2.6 L/yr 22% less
PNB MetLife Agent Salary 0 - 3 years exp. (4 salaries)	₹0.6 L/yr - ₹2.5 L/yr 59% less
Life Insurance Corporation of India Agent Salary 1 - 10 years exp. (142 salaries)	₹0.7 L/yr - ₹7 L/yr 11% less
United India Insurance Company Agent Salary 0 - 7 years exp. (18 salaries)	₹0.2 L/yr - ₹5 L/yr 26% less
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Star Health & Allied Insurance Agent Salary 0 - 7 years exp. (12 salaries)	₹1.1 L/yr - ₹4.1 L/yr 14% less
The New India Assurance Co. Agent Salary 1 - 7 years exp. (10 salaries)	₹1.8 L/yr - ₹8 L/yr 9% more
The Oriental Insurance Co. Agent Salary 3 - 8 years exp. (5 salaries)	₹2 L/yr - ₹5.4 L/yr 10% more
SBI General Insurance Agent Salary 1 - 3 years exp. (4 salaries)	₹1.2 L/yr - ₹4 L/yr 39% less
HDFC Ergo General Insurance Agent Salary 3 - 5 years exp. (4 salaries)	₹2.1 L/yr - ₹3.5 L/yr 18% less
Aditya Birla Sun Life Insurance Agent Salary 2 - 5 years exp. (3 salaries)	₹1 L/yr - ₹7 L/yr 23% less

Agent salary at SBI Life Insurance Company ranges between ₹1 Lakh to ₹7 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 18 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Agent salaries

Last Updated: 20 Nov 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.5 L/yr - ₹5.1 L/yr
2 years (5 salaries)	₹1.5 L/yr - ₹5.1 L/yr
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3 years (5 salaries)	₹2 L/yr - ₹7 L/yr
4 years (AmbitionBox Estimate)	₹1 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.2 L/yr
6 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.2 L/yr
7 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.5 L/yr
8 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹5.2 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Analyst Salary

(4 salaries)

₹4.2 L/yr - ₹7.95 L/yr

Team Lead Salary

(14 salaries)

₹2.3 L/yr - ₹6 L/yr

Quality Analyst Salary

(4 salaries)

₹3.8 L/yr - ₹4.5 L/yr

Sales Executive Salary

(56 salaries)

₹1 L/yr - ₹4.7 L/yr

Senior Associate Salary

(539 salaries)

₹2.3 L/yr - ₹6.8 L/yr

Process Associate Salary

(12 salaries)

₹1.2 L/yr - ₹3.5 L/yr

Data Entry Operator Salary

(AmbitionBox Estimate)

₹2.1 L/yr - ₹2.6 L/yr

Customer Care Executive Salary

(AmbitionBox Estimate)

₹1.7 L/yr - ₹2.2 L/yr

Customer Service Advisor Salary

(AmbitionBox Estimate)

₹2.1 L/yr - ₹2.6 L/yr

Customer Service Associate Salary

(4 salaries)

₹1.2 L/yr - ₹2.1 L/yr

Salary related reviews for SBI Life Insurance Company

4.5

Rated by 8 employees for salary & benefits

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

Sales Support Associate in Kishanganj

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 17 Jan 2024

1.0

for Salary and Benefits

Likes

Even though the salary in this company is very less as per the work, the salary is paid on time.

Dislikes

In today's times, it is important to work to support my family properly, hence I give my 100% to this company so that someday my salary will increase but after working for more than 1 year, I am realizing that It is very difficult to move forward, here we have to work till late night due to which we are not able to give time to our family, and even after doing so much work, we get very low salary so that I cannot support my family properly. I don't know how to do it, even after working for more than 14 hours every day, I don't get any bonus also.

Salary - Bad

+4 more

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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SBI Life Insurance Company Agent Salary FAQs

What is the salary of Agent at SBI Life Insurance Company ?

The average salary of a Agent at SBI Life Insurance Company in India typically ranges from ₹1.0 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Agent at SBI Life Insurance Company earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Agent 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 10+ SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Agent at SBI Life Insurance Company in India typically ranges from ₹20,417 to ₹22,074 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 1 year to 8 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 10+ 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 Agent in India?

Axis Max Life Insurance	₹1.9 Lakhs to ₹5.0 Lakhs per year
The Oriental Insurance Co.	₹2.0 Lakhs to ₹5.4 Lakhs per year
The New India Assurance Co.	₹1.8 Lakhs to ₹8.0 Lakhs per year
Tata AIA Life Insurance	₹1.0 Lakhs to ₹6.0 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 Agent in companies similar to SBI Life Insurance Company in India?

The salary of a Agent 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:

HDFC Life	₹1.2 Lakhs to ₹5.0 Lakhs per year
Life Insurance Corporation of India	₹0.7 Lakhs to ₹7.0 Lakhs per year
Bajaj Allianz Life Insurance	₹1.2 Lakhs to ₹4.2 Lakhs per year
Star Health & Allied Insurance	₹1.1 Lakhs to ₹4.1 Lakhs per year
ICICI Prudential Life Insurance	₹1.5 Lakhs to ₹3.5 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 Agent at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
1 year	₹1.5 Lakhs to ₹5.1 Lakhs per year
2 years	₹1.5 Lakhs to ₹5.1 Lakhs per year
3 years	₹2.0 Lakhs to ₹7.0 Lakhs per year
4 years	₹1.0 Lakhs to ₹3.5 Lakhs per year

and so on.

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SBI Life Insurance Company Agent Salaries

SBI Life Insurance Company Agent salary in India ranges between ₹1 Lakh to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.