SBI Life Insurance Company Assistant Manager Salaries by 500+ Employees (Updated 2025)

1 - 17 years exp.

₹4 Lakhs - ₹12 Lakhs

Salary of majority employees

17% less than the average Assistant Manager Salary in Insurance Companies for 1 - 17 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 1 - 17 years exp. (112 salaries)	₹3.5 L/yr - ₹11 L/yr
Customer Success, Service & Operations Assistant Manager Salary 1 - 17 years exp. (82 salaries)	₹3.6 L/yr - ₹10.5 L/yr
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Marketing & Communication Assistant Manager Salary 1 - 12 years exp. (57 salaries)	₹5 L/yr - ₹10.5 L/yr
Finance & Accounting Assistant Manager Salary 1 - 15 years exp. (35 salaries)	₹4 L/yr - ₹10.5 L/yr
Data Science & Analytics Assistant Manager Salary 1 - 16 years exp. (24 salaries)	₹5.5 L/yr - ₹9.5 L/yr

View all

Last Updated: 22 Mar 2025

Companies similar to SBI Life Insurance Company for Assistant Manager

Company name	Avg Annual Salary	Open Jobs
MetLife Assistant Manager Salary 4 - 15 years exp. (895 salaries)	₹8 L/yr - ₹30 L/yr 165% more	6 job openings
Kotak Mahindara Life Insurance Assistant Manager Salary 0 - 8 years exp. (744 salaries)	₹2 L/yr - ₹4.8 L/yr 48% less	1 job opening
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Axis Max Life Insurance Assistant Manager Salary 0 - 10 years exp. (638 salaries)	₹2 L/yr - ₹7.5 L/yr 40% less	19 job openings
Tata AIA Life Insurance Assistant Manager Salary 2 - 17 years exp. (580 salaries)	₹3.8 L/yr - ₹14 L/yr 25% more	31 job openings
HDFC Ergo General Insurance Assistant Manager Salary 1 - 13 years exp. (541 salaries)	₹2.6 L/yr - ₹8.7 L/yr 30% less
ICICI Prudential Life Insurance Assistant Manager Salary 1 - 12 years exp. (539 salaries)	₹3 L/yr - ₹7.1 L/yr 25% less
Bajaj Allianz General Insurance Assistant Manager Salary 1 - 16 years exp. (411 salaries)	₹5.1 L/yr - ₹10.7 L/yr 12% more	1 job opening
Aditya Birla Sun Life Insurance Assistant Manager Salary 0 - 10 years exp. (405 salaries)	₹2 L/yr - ₹8.4 L/yr 39% less
Aditya Birla Health Insurance Co Assistant Manager Salary 0 - 9 years exp. (376 salaries)	₹2.6 L/yr - ₹9.5 L/yr 19% less
SBI General Insurance Assistant Manager Salary 0 - 10 years exp. (328 salaries)	₹3 L/yr - ₹8.5 L/yr 40% less

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Assistant Manager salary at SBI Life Insurance Company ranges between ₹4 Lakhs to ₹12 Lakhs per year for employees with experience between 1 year to 17 years. Salary estimates are based on 500 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Assistant Manager salaries

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
1 year (89 salaries)	₹6 L/yr - ₹10.5 L/yr
2 years (66 salaries)	₹4.5 L/yr - ₹11 L/yr
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3 years (43 salaries)	₹5.1 L/yr - ₹12 L/yr
4 years (24 salaries)	₹3.5 L/yr - ₹10 L/yr
5 years (21 salaries)	₹3.6 L/yr - ₹10.8 L/yr
6 years (27 salaries)	₹3.2 L/yr - ₹9.6 L/yr
7 years (26 salaries)	₹3.6 L/yr - ₹9.5 L/yr
8 years (21 salaries)	₹3.5 L/yr - ₹9 L/yr
9 years (19 salaries)	₹4.3 L/yr - ₹9 L/yr
10 years (38 salaries)	₹4.2 L/yr - ₹9.3 L/yr
11 years (25 salaries)	₹4 L/yr - ₹8.3 L/yr
12 years (28 salaries)	₹4 L/yr - ₹9 L/yr
13 years (23 salaries)	₹4 L/yr - ₹9 L/yr
14 years (18 salaries)	₹4.5 L/yr - ₹8 L/yr
15+ years (32 salaries)	₹4 L/yr - ₹9 L/yr

View all

From

Assistant Manager

₹

Lakhs/yr

1 - 17 years exp.

Senior Manager

₹

Lakhs/yr

5 - 14 years exp.

Assistant Manager 1 - 17 years exp.

Manager 3 - 17 years exp.

45% hike

Senior Manager 5 - 14 years exp.

-3% hike

From

View 1 more level

Assistant Manager

1 - 17 years exp.

Associate Vice President

9 - 20 years exp.

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

Assistant Manager O&M Salary

(4 salaries)

₹5.1 L/yr - ₹6.5 L/yr

Department Manager Salary

(4 salaries)

₹3.2 L/yr - ₹4.25 L/yr

Assistant Branch Manager Salary

(9 salaries)

₹2.4 L/yr - ₹12 L/yr

Operations Manager Salary

(44 salaries)

₹3.6 L/yr - ₹13 L/yr

Team Manager Salary

(11 salaries)

₹7.5 L/yr - ₹15 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.8 L/yr

Branch Manager Salary

(171 salaries)

₹6.5 L/yr - ₹16 L/yr

Deputy Manager Salary

(38 salaries)

₹2.5 L/yr - ₹10 L/yr

Sales Manager Salary

(87 salaries)

₹1.2 L/yr - ₹5.5 L/yr

Relationship Manager Salary

(61 salaries)

₹2.5 L/yr - ₹6 L/yr

Top skills at SBI Life Insurance Company for Assistant Manager

Operations Finance Operations Management Budgetary Control Budget Management

Salary related reviews for SBI Life Insurance Company

3.2

Rated by 103 employees for salary & benefits

Assistant Manager in Patna

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 15 Jan 2022

1.0

for Salary and Benefits

Likes

... more than 6-7yrs in this company only they can get success otherwise no chance. BDM of Institutional Alliance will never get expenses, allowances & bonus. Only Area Manager & above are happy. All are kaamchor oldies but they will not leave there seats and even president and MD also enjoy this culture. No increment no life. HR (Bihar- Abhijit Saha) is the most incompetent, he will never ans you & never support you he is just like a puppet of RM & ZAM even he is use too mentally harass you when you leave the organisation by not replying you & not giving reliving as well FnF on time. The IA channel employees are treated as temp staff, there is no cultural program, no refreshment activity, no training. Target will never be achieved as business partner bank not allow them to do business because Sbilife gives very low commission to them but seniors will screw you but they don't have strong relationship with the GM or AGM.

Dislikes

Institutional Alliance segment should be close, old employees should be thrown out company regularly promotion & expense distribution should be regularised.

Salary - Bad

+5 more

Assistant Manager in Faridabad

BFSI, Investments & Trading Department

5.0

• posted on 20 Apr 2022

5.0

for Salary and Benefits

Likes

One of the best place for female, I have completed 10 year. Every month end salary debited in account.

Salary - Excellent

+6 more

Dislikes

Some incentive criteria should offer for back office support. Please instruct to branches avoid to late sitting because its affected to personal life.

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

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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SBI Life Insurance Company Assistant Manager Salary FAQs

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

The average salary of a Assistant Manager at SBI Life Insurance Company in India typically ranges from ₹4.0 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 1 year to 17 years).

The top 10% of Assistant Manager at SBI Life Insurance Company earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹10.5 Lakhs per year. Assistant 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 500+ SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Assistant Manager at SBI Life Insurance Company in India typically ranges from ₹52,976 to ₹54,294 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 1 year 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 500+ 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 Assistant Manager at SBI Life Insurance Company ?

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

- Operations
- Finance
- Operations Management
- Budgetary Control
- Budget Management

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 Assistant Manager in India?

MetLife	₹8.0 Lakhs to ₹30.0 Lakhs per year
Principal Global Services	₹13.0 Lakhs to ₹21.0 Lakhs per year
AXA	₹10.0 Lakhs to ₹25.0 Lakhs per year
United India Insurance Company	₹7.0 Lakhs to ₹22.0 Lakhs per year
The New India Assurance Co.	₹10.0 Lakhs to ₹19.0 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 Assistant Manager in companies similar to SBI Life Insurance Company in India?

The salary of a Assistant Manager 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:

The Oriental Insurance Co.	₹6.1 Lakhs to ₹18.0 Lakhs per year
First American Title	₹10.3 Lakhs to ₹14.7 Lakhs per year
Marsh	₹5.3 Lakhs to ₹19.0 Lakhs per year
Gallagher	₹6.5 Lakhs to ₹18.6 Lakhs per year
AIG	₹5.0 Lakhs to ₹16.0 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 Assistant Manager at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
1 year	₹6.0 Lakhs to ₹10.5 Lakhs per year
2 years	₹4.5 Lakhs to ₹11.0 Lakhs per year
3 years	₹5.1 Lakhs to ₹12.0 Lakhs per year
4 years	₹3.5 Lakhs to ₹10.0 Lakhs per year

and so on.

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SBI Life Insurance Company Assistant Manager Salaries by Location

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SBI Life Insurance Company Assistant Manager Salaries

SBI Life Insurance Company Assistant Manager salary in India ranges between ₹4 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 500 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Assistant Manager salaries in India (Updated 2025)

Companies similar to SBI Life Insurance Company for Assistant Manager

Latest annual salaries shared by SBI Life Insurance Company Assistant Manager

Experience wise SBI Life Insurance Company Assistant Manager salaries

Similar Designation salaries in SBI Life Insurance Company

Top skills at SBI Life Insurance Company for Assistant Manager

Salary related reviews for SBI Life Insurance Company

Assistant Manager in Patna

Assistant Manager in Faridabad

Senior Associate in New Delhi

Senior Associate in Jaipur

Senior Associate in Sultanpur

SBI Life Insurance Company Assistant Manager Salary FAQs

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SBI Life Insurance Company Assistant Manager Salaries by Location