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

6 - 17 years exp.

₹7.5 Lakhs - ₹14.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

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

Interested in this particular role?

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 - ₹11.1 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 - ₹11.1 L/yr

Last Updated: 15 Mar 2025

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

SBI Life Insurance Company Area Manager Salary

6 - 17 years exp. (15 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. (50 salaries)	₹7 L/yr - ₹12 L/yr At par	34 job openings
HDFC Life Area Manager Salary 11 years exp. (32 salaries)	₹13.3 L/yr - ₹19 L/yr 47% more
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Aditya Birla Sun Life Insurance Area Manager Salary 3 - 10 years exp. (31 salaries)	₹5.3 L/yr - ₹9 L/yr 29% less
Axis Max Life Insurance Area Manager Salary 7 - 15 years exp. (28 salaries)	₹5 L/yr - ₹11 L/yr 27% less
Tata AIA Life Insurance Area Manager Salary 6 - 16 years exp. (20 salaries)	₹6 L/yr - ₹17.7 L/yr 25% more	1 job opening
Bajaj Allianz Life Insurance Area Manager Salary 7 - 13 years exp. (11 salaries)	₹5 L/yr - ₹13 L/yr At par
ICICI Lombard General Insurance Company Area Manager Salary 8 - 14 years exp. (8 salaries)	₹6.8 L/yr - ₹18.5 L/yr 44% more
Reliance Nippon Life Insurance Area Manager Salary 11 - 17 years exp. (6 salaries)	₹11 L/yr - ₹17 L/yr 49% more
Aditya Birla Health Insurance Co Area Manager Salary 10 - 13 years exp. (3 salaries)	₹10.3 L/yr - ₹13.5 L/yr 28% more
HDFC Ergo General Insurance Area Manager Salary 5 - 12 years exp. (3 salaries)	₹7.1 L/yr - ₹11.4 L/yr 10% less

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 15 latest salaries received from various employees of SBI Life Insurance Company.

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

3w ago

₹12 Lakhs

15 years exp.

2mo ago

₹9 Lakhs

8 years exp.

3mo ago

₹9.5 Lakhs

14 years exp.

3mo ago

₹7.9 Lakhs

6 years exp.

6mo ago

₹14.2 Lakhs

17 years exp.

6mo ago

10 years exp.

9mo ago

16 years exp.

9mo ago

15 years exp.

10mo ago

16 years exp.

1y ago

12 years exp.

Experience wise SBI Life Insurance Company Area Manager salaries in Mumbai

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹9.9 L/yr
7 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
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8 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.4 L/yr
9 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.7 L/yr
10 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
11 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.2 L/yr
12 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
13 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
14 years (3 salaries)	₹7.5 L/yr - ₹11 L/yr
15+ years (7 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 - 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

Branch Manager Salary

(8 salaries)

₹8 L/yr - ₹12.32 L/yr

Deputy Manager Salary

(7 salaries)

₹4.5 L/yr - ₹10 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)

₹3.18 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.

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 Mumbai?

The average salary of a Area Manager at SBI Life Insurance Company in Mumbai typically ranges from ₹7.5 Lakhs to ₹14.2 Lakhs per year, depending on experience (from 6 years to 17 years).

The top 10% of Area Manager in Mumbai at SBI Life Insurance Company earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹14.2 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 Mumbai?

The estimated take-home salary of a Area Manager at SBI Life Insurance Company in Mumbai typically ranges from ₹71,599 to ₹73,444 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹14.2 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 Mumbai?

To be a Area Manager at SBI Life Insurance Company in Mumbai, 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?

Reliance Nippon Life Insurance	₹11.0 Lakhs to ₹17.0 Lakhs per year
HDFC Life	₹13.3 Lakhs to ₹19.0 Lakhs per year
ICICI Lombard General Insurance Company	₹6.8 Lakhs to ₹18.5 Lakhs per year
Aditya Birla Health Insurance Co	₹10.3 Lakhs to ₹13.5 Lakhs per year
Tata AIA Life Insurance	₹6.0 Lakhs to ₹17.7 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 Mumbai?

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

Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹13.0 Lakhs per year
ICICI Prudential Life Insurance	₹7.0 Lakhs to ₹12.0 Lakhs per year
HDFC Ergo General Insurance	₹7.1 Lakhs to ₹11.4 Lakhs per year
Axis Max Life Insurance	₹5.0 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹5.3 Lakhs to ₹9.0 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 Mumbai?

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

Experience	Average Salary Range
6 years	₹7.8 Lakhs to ₹9.9 Lakhs per year
7 years	₹8.0 Lakhs to ₹10.2 Lakhs per year
8 years	₹8.2 Lakhs to ₹10.4 Lakhs per year
9 years	₹8.3 Lakhs to ₹10.7 Lakhs per year

and so on.

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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 15 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.