SBI Life Insurance Company Bhopal Area Manager Salaries by 10+ Employees

10 - 17 years exp.

₹6.5 Lakhs - ₹13 Lakhs

Avg. annual salary

Monthly In-hand Salary

14% less than the average Area Manager Salary in Insurance Companies for 10 - 17 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Area Manager Salary 10 - 14 years exp. (7 salaries)	₹6.5 L/yr - ₹11.5 L/yr
Login to view exact salary
Sales & Business Development Area Manager Salary 11 years exp. (AmbitionBox Estimate)	₹7.3 L/yr - ₹10.2 L/yr

Last Updated: 5 Jun 2024

Companies similar to SBI Life Insurance Company for Area Manager in Bhopal

SBI Life Insurance Company Area Manager Salary

10 - 17 years exp. (11 salaries)

₹6.5 L/yr - ₹13 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Area Manager Salary 6 - 16 years exp. (5 salaries)	₹7.7 L/yr - ₹12 L/yr 2% less
ICICI Lombard General Insurance Company Area Manager Salary 10 - 17 years exp. (4 salaries)	₹9.2 L/yr - ₹18.8 L/yr 36% more
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Bajaj Allianz Life Insurance Area Manager Salary 8 - 15 years exp. (4 salaries)	₹6.2 L/yr - ₹11 L/yr 15% more
Tractors and Farm Equipment Area Manager Salary 10 - 16 years exp. (12 salaries)	₹11.5 L/yr - ₹16 L/yr 59% more
LEAD School Area Manager Salary 4 - 12 years exp. (8 salaries)	₹7.5 L/yr - ₹11.4 L/yr 20% more

Area Manager salary at SBI Life Insurance Company ranges between ₹6.5 Lakhs to ₹13 Lakhs per year for employees with experience between 10 years to 17 years. Salary estimates are based on 11 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Area Manager salaries in Bhopal

Last Updated: 5 Jun 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
11 years (3 salaries)	₹7.3 L/yr - ₹15.4 L/yr
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12 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10.1 L/yr
13 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr
14 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
15+ years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr

View all

From

Area Manager

₹

Lakhs/yr

6 - 18 years exp.

Zonal Area Manager

₹

Lakhs/yr

14 - 21 years exp.

Area Manager 6 - 18 years exp.

Senior Area Manager 12 - 21 years exp.

59% hike

Zonal Area Manager 14 - 21 years exp.

53% hike

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

BDM Salary

(4 salaries)

₹4.1 L/yr - ₹5.6 L/yr

Top skills at SBI Life Insurance Company for Area Manager

Business Development Area Management Sales Team Management Channel Partners ICF Service Level Target Achievement Sales Planning Relationship Management Retail Communication Skills Corporate Sales Sales Analysis Team Building

Salary related reviews for SBI Life Insurance Company

3.2

Rated by 3 employees for salary & benefits

Area Manager in Jalgaon

Sales & Business Development Department

4.0

• posted on 03 Apr 2021

5.0

for Salary and Benefits

Likes

Company is Good in industry. Management always try to give comfort to their employees so that Employee can work Whole heartily. Company always adjust their employees with their performances and allows to change their job profile if some one not performed.

Salary - Excellent

+6 more

Dislikes

I don't think so that there is anything which can be dislike... Bcz every company will demand output against compensation given to Employee.

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.

Business Development Executive in Gangtok

Full Time

Marketing & Communication Department

4.0

• posted on 13 Sep 2023

5.0

for Salary and Benefits

Likes

very good company with good oppurtunities and good pay

Salary - Excellent

+4 more

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

Job security - Poor

Business Development Manager in Rajkot

Full Time

Sales & Business Development Department

3.0

• posted on 01 Feb 2023

2.0

for Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

Official working days me bhi office bulate hain aur bill pay nahi karte hain personal life jaish kuchh nahi rehta hain aur morning 7:00am zoom start kar dete hain

Salary - Poor

+6 more

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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 Area Manager Salary FAQs

What is the salary of Area Manager at SBI Life Insurance Company in Bhopal?

The average salary of a Area Manager at SBI Life Insurance Company in Bhopal typically ranges from ₹6.5 Lakhs to ₹13.0 Lakhs per year, depending on experience (from 10 years to 17 years).

The top 10% of Area Manager in Bhopal at SBI Life Insurance Company earn more than ₹12.1 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Area 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 10+ SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Area Manager at SBI Life Insurance Company in Bhopal typically ranges from ₹64,064 to ₹65,696 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from 10 years to 17 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.

What are the key skills required to be a Area Manager at SBI Life Insurance Company in Bhopal?

To be a Area Manager at SBI Life Insurance Company in Bhopal, the key skills required include:

- Business Development
- Area Management
- Sales
- Team Management
- Channel Partners

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 Area Manager in India?

Tractors and Farm Equipment	₹11.5 Lakhs to ₹16.0 Lakhs per year
ICICI Lombard General Insurance Company	₹9.2 Lakhs to ₹18.8 Lakhs per year
LEAD School	₹7.5 Lakhs to ₹11.4 Lakhs per year
Bajaj Allianz Life Insurance	₹6.2 Lakhs to ₹11.0 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 Area Manager in companies similar to SBI Life Insurance Company in Bhopal?

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

Axis Max Life Insurance

₹7.7 Lakhs to ₹12.0 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 Area Manager at SBI Life Insurance Company in Bhopal?

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

Experience	Average Salary Range
10 years	₹7.5 Lakhs to ₹9.6 Lakhs per year
11 years	₹7.3 Lakhs to ₹15.4 Lakhs per year
12 years	₹7.9 Lakhs to ₹10.1 Lakhs per year
13 years	₹8.1 Lakhs to ₹10.3 Lakhs per year

and so on.

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SBI Life Insurance Company Area Manager Salaries in Bhopal

SBI Life Insurance Company Area Manager salary in Bhopal ranges between ₹6.5 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.