SBI Life Insurance Company Mumbai Area Manager Salaries by 10+ Employees (Updated 2025)

6 - 17 years exp.

₹7.5 Lakhs - ₹14.2 Lakhs

Salary of majority employees

At par with the average Area Manager Salary in Insurance Companies for 6 - 17 years of experience

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Salaries in different departments

Sales & Business Development Area Manager Salary 6 - 17 years exp. (8 salaries)	₹7.9 L/yr - ₹14.2 L/yr
Customer Success, Service & Operations Area Manager Salary 8 - 14 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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Marketing & Communication Area Manager Salary 10 - 12 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
BFSI, Investments & Trading Area Manager Salary 14 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹11.5 L/yr

Last Updated: 30 Dec 2024

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

SBI Life Insurance Company Area Manager Salary

6 - 17 years exp. (16 salaries)

₹7.5 L/yr - ₹14.2 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Area Manager Salary 1 - 17 years exp. (49 salaries)	₹7 L/yr - ₹12 L/yr 2% less
Max Life Insurance Area Manager Salary 7 - 15 years exp. (28 salaries)	₹5 L/yr - ₹13.1 L/yr 23% less	7 job openings
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Bajaj Allianz Life Insurance Area Manager Salary 6 - 13 years exp. (12 salaries)	₹5 L/yr - ₹13 L/yr 7% less
Tata AIA Life Insurance Area Manager Salary 7 - 16 years exp. (19 salaries)	₹9 L/yr - ₹17.7 L/yr 27% more	7 job openings
Reliance Nippon Life Insurance Area Manager Salary 13 - 20 years exp. (5 salaries)	₹13 L/yr - ₹18.1 L/yr 58% more
Aviva Life Insurance India Area Manager Salary 7 - 20 years exp. (6 salaries)	₹9 L/yr - ₹12 L/yr 12% more
Bharti AXA Life Insurance Area Manager Salary 9 - 17 years exp. (4 salaries)	₹8 L/yr - ₹15 L/yr 12% more
Aditya Birla Sun Life Insurance Area Manager Salary 3 - 11 years exp. (31 salaries)	₹5.3 L/yr - ₹9 L/yr 31% less
ICICI Lombard General Insurance Company Area Manager Salary 5 - 14 years exp. (17 salaries)	₹6.8 L/yr - ₹18.5 L/yr 43% more
Aditya Birla Health Insurance Co Area Manager Salary 10 - 13 years exp. (3 salaries)	₹8.8 L/yr - ₹13.5 L/yr 2% more
HDFC Ergo General Insurance Area Manager Salary 5 - 12 years exp. (3 salaries)	₹7.1 L/yr - ₹11.4 L/yr 11% less
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Area Manager salary at SBI Life Insurance Company ranges between ₹7.5 Lakhs to ₹14.2 Lakhs per year for employees with experience between 6 years to 17 years. Salary estimates are based on 16 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Area Manager salaries in Mumbai

Last Updated: 30 Dec 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹15.3 L/yr
7 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10.1 L/yr
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8 years (AmbitionBox Estimate)	₹9 L/yr - ₹16.2 L/yr
9 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹10 L/yr
10 years (AmbitionBox Estimate)	₹9 L/yr - ₹17.2 L/yr
11 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.3 L/yr
12 years (AmbitionBox Estimate)	₹4 L/yr - ₹11.5 L/yr
13 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr
14 years (3 salaries)	₹7.5 L/yr - ₹11 L/yr
15+ years (8 salaries)	₹10 L/yr - ₹14.2 L/yr

View all

From

Area Manager

₹

Lakhs/yr

6 - 18 years exp.

Zonal Area Manager

₹

Lakhs/yr

14 - 22 years exp.

Area Manager 6 - 18 years exp.

Senior Area Manager 11 - 21 years exp.

59% hike

Zonal Area Manager 14 - 22 years exp.

55% 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

Deputy Manager Salary

(8 salaries)

₹4.5 L/yr - ₹10 L/yr

Branch Manager Salary

(7 salaries)

₹8 L/yr - ₹11.2 L/yr

Team Lead Salary

(5 salaries)

₹3.6 L/yr - ₹4.8 L/yr

Marketing Manager Salary

(5 salaries)

₹10.55 L/yr - ₹20 L/yr

Sales Manager Salary

(3 salaries)

₹3.31 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

5.0

Rated by 2 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.

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.

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.

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

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

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

Business Development Manager in Jaipur

Full Time

Sels Department

5.0

• posted on 12 Apr 2021

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 good salary hike and bonus every year.

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

see more salary related reviews

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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SBI Life Insurance Company Area Manager Salary FAQs

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

Area Manager salary at SBI Life Insurance Company in Mumbai ranges between ₹7.5 Lakhs to ₹14.2 Lakhs for experience between 6 years to 17 years. According to our estimates it is 1% less than the average Area Manager Salary in India. Salary estimates are based on 16 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

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

The average salary of a Area Manager at SBI Life Insurance Company is 1% less than the average salary of a Area Manager in Mumbai. To know exact salary insights, login to view.

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

Business Development, Area Management, Sales, Team Management and Channel Partners are some of the popular skills required to work as a Area Manager at SBI Life Insurance Company Mumbai.

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

Reliance Nippon Life Insurance Area Manager Salary - ₹13.0 Lakhs to ₹18.1 Lakhs per year
ICICI Lombard General Insurance Company Area Manager Salary - ₹6.8 Lakhs to ₹18.5 Lakhs per year
Tata AIA Life Insurance Area Manager Salary - ₹9.0 Lakhs to ₹17.7 Lakhs per year
Aviva Life Insurance India Area Manager Salary - ₹9.0 Lakhs to ₹12.0 Lakhs per year
Bharti AXA Life Insurance Area Manager Salary - ₹8.0 Lakhs to ₹15.0 Lakhs per year

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

Aditya Birla Health Insurance Co Area Manager Salary - ₹8.8 Lakhs to ₹13.5 Lakhs per year
ICICI Prudential Life Insurance Area Manager Salary - ₹7.0 Lakhs to ₹12.0 Lakhs per year
Bajaj Allianz Life Insurance Area Manager Salary - ₹5.0 Lakhs to ₹13.0 Lakhs per year
HDFC Ergo General Insurance Area Manager Salary - ₹7.1 Lakhs to ₹11.4 Lakhs per year
Max Life Insurance Area Manager Salary - ₹5.0 Lakhs to ₹13.1 Lakhs per year

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

The estimated take-home salary of a Area Manager at SBI Life Insurance Company ranges between ₹72,642 per month to ₹74,517 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Area Manager salary in India which ranges between ₹7.5 Lakhs to ₹14.2 Lakhs per year for employees with experience between 6 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Area Manager at SBI Life Insurance Company in Mumbai?

According to AmbitionBox, 85% of the SBI Life Insurance Company Area Managers in Mumbai reported a notice period of 3 Months, 7% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 13 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Area Manager Salaries in Mumbai

SBI Life Insurance Company Area Manager salary in Mumbai ranges between ₹7.5 Lakhs to ₹14.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.