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SBI Life Insurance Company Area Manager salaries in Chennai (Updated 2025)

Annual salary range
6 - 17 years exp.
₹6.7 Lakhs - ₹13 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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12% less than the average Area Manager Salary in Insurance Companies for 6 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Area Manager Salary
6 - 17 years exp. (8 salaries)
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₹6.7 L/yr - ₹13 L/yr

Sales & Business Development
Area Manager Salary
10 - 12 years exp. (3 salaries)
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₹7.3 L/yr - ₹10.5 L/yr

Marketing & Communication
Area Manager Salary
14 years exp. (AmbitionBox Estimate)
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₹8.3 L/yr - ₹10 L/yr

Last Updated: 21 Feb 2025

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

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SBI Life Insurance Company Area Manager Salary

6 - 17 years exp. (13 salaries)

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₹6.7 L/yr - ₹13 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹5.8 L/yr - ₹12 L/yr

arrow icon 9% more
30 job openings
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Tata AIA Life Insurance Area Manager Salary

6 - 14 years exp. (9 salaries)

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₹7.3 L/yr - ₹12.4 L/yr

arrow icon 18% more
1 job opening
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₹6 L/yr - ₹12.5 L/yr

arrow icon 16% more
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Axis Max Life Insurance Area Manager Salary

9 - 15 years exp. (6 salaries)

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₹4.2 L/yr - ₹10.8 L/yr

arrow icon 11% less
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₹5 L/yr - ₹7.5 L/yr

arrow icon 23% less
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₹10 L/yr - ₹14 L/yr

arrow icon 27% more
Area Manager salary at SBI Life Insurance Company ranges between ₹6.7 Lakhs to ₹13 Lakhs per year for employees with experience between 6 years to 17 years. Salary estimates are based on 13 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Area Manager in Chennai

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7 years exp.
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14 years exp.
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10 years exp.
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17 years exp.
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Experience wise SBI Life Insurance Company Area Manager salaries in Chennai

Last Updated: 21 Feb 2025

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹6.8 L/yr - ₹8.7 L/yr
7 years (AmbitionBox Estimate)

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₹7 L/yr - ₹8.9 L/yr
8 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.2 L/yr
9 years (AmbitionBox Estimate)

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₹7.4 L/yr - ₹9.4 L/yr
10 years  (4 salaries)

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₹7.1 L/yr - ₹10.5 L/yr
View all
SBI Life Insurance Company Area Manager Salary and Career Growth

From

To

Area Manager

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6 - 18 years exp.

Zonal Area Manager

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14 - 21 years exp.

Area Manager 6 - 18 years exp.
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Senior Area Manager 12 - 21 years exp.
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arrow icon 59% hike
    Zonal Area Manager 14 - 21 years exp.
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    arrow icon 52% 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

    Sales Manager Salary
    (3 salaries)
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    ₹2.1 L/yr - ₹4.75 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

    5.0

    Rated by 2 employees for salary & benefits

    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.

    read more
    • 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.

    read more

    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

    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.

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    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

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    • Job security - Poor

    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

    read more
    • Salary - Poor
    • +6 more
    see more salary related reviews

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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 Chennai?
    The average salary of a Area Manager at SBI Life Insurance Company in Chennai typically ranges from ₹6.7 Lakhs to ₹13.0 Lakhs per year, depending on experience (from 6 years to 17 years).

    The top 10% of Area Manager in Chennai at SBI Life Insurance Company earn more than ₹11.4 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 Chennai?
    The estimated take-home salary of a Area Manager at SBI Life Insurance Company in Chennai typically ranges from ₹64,401 to ₹66,043 per month. This is based on the average salary range of ₹6.7 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from 6 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 Chennai?
    To be a Area Manager at SBI Life Insurance Company in Chennai, 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?
    Kotak Mahindara Life Insurance ₹10.0 Lakhs to ₹14.0 Lakhs per year
    Tata AIA Life Insurance ₹7.3 Lakhs to ₹12.4 Lakhs per year
    Bajaj Allianz Life Insurance ₹6.0 Lakhs to ₹12.5 Lakhs per year
    ICICI Prudential Life Insurance ₹5.8 Lakhs to ₹12.0 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 Chennai?
    The salary of a Area Manager at companies similar to SBI Life Insurance Company in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    Axis Max Life Insurance ₹4.2 Lakhs to ₹10.8 Lakhs per year
    Aditya Birla Sun Life Insurance ₹5.0 Lakhs to ₹7.5 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 Area Manager at SBI Life Insurance Company in Chennai?
    The salary growth for a Area Manager at SBI Life Insurance Company in Chennai depends on factors such as experience, performance, and promotions. On average, a Area Manager in Chennai can expect the following growth trajectory at SBI Life Insurance Company:

    Experience Average Salary Range
    6 years ₹6.8 Lakhs to ₹8.7 Lakhs per year
    7 years ₹7.0 Lakhs to ₹8.9 Lakhs per year
    8 years ₹7.2 Lakhs to ₹9.2 Lakhs per year
    9 years ₹7.4 Lakhs to ₹9.4 Lakhs per year
    and so on.

    Tell us how to improve this page.

    SBI Life Insurance Company Area Manager salary in Chennai ranges between ₹6.7 Lakhs to ₹13 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 13 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.