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

0 - 15 years exp.

₹4 Lakhs - ₹12 Lakhs

Salary of majority employees

Fixed (79%)

₹5.7 Lakhs

Variable (21%)

₹1.5 Lakh

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15% less than the average Assistant Manager Salary in Insurance Companies for 0 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 0 - 15 years exp. (114 salaries)	Unlock ₹3.5 L/yr - ₹11 L/yr
Customer Success, Service & Operations Assistant Manager Salary 0 - 15 years exp. (79 salaries)	Unlock ₹3.6 L/yr - ₹10.5 L/yr
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Marketing & Communication Assistant Manager Salary 0 - 12 years exp. (73 salaries)	Unlock ₹5 L/yr - ₹10.5 L/yr
Finance & Accounting Assistant Manager Salary 0 - 15 years exp. (38 salaries)	Unlock ₹4 L/yr - ₹10.5 L/yr
Sales & Business Development Assistant Manager Salary 0 - 15 years exp. (31 salaries)	Unlock ₹3.5 L/yr - ₹9.5 L/yr

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Last Updated: 5 Mar 2025

Companies similar to SBI Life Insurance Company for Assistant Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Assistant Manager Salary 1 - 9 years exp. (263 salaries)	Unlock ₹1.7 L/yr - ₹7.5 L/yr 32% less
ICICI Prudential Life Insurance Assistant Manager Salary 1 - 12 years exp. (586 salaries)	Unlock ₹3 L/yr - ₹7.5 L/yr 25% less
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Axis Max Life Insurance Assistant Manager Salary 0 - 10 years exp. (644 salaries)	Unlock ₹2 L/yr - ₹8 L/yr 40% less	10 job openings
Bajaj Allianz Life Insurance Assistant Manager Salary 2 - 14 years exp. (282 salaries)	Unlock ₹3 L/yr - ₹13.6 L/yr 9% more	1 job opening
Kotak Mahindara Life Insurance Assistant Manager Salary 0 - 8 years exp. (739 salaries)	Unlock ₹2 L/yr - ₹4.8 L/yr 49% less	1 job opening
Tata AIA Life Insurance Assistant Manager Salary 2 - 17 years exp. (575 salaries)	Unlock ₹3.8 L/yr - ₹14 L/yr 24% more	35 job openings
Reliance Nippon Life Insurance Assistant Manager Salary 1 - 12 years exp. (201 salaries)	Unlock ₹2 L/yr - ₹8 L/yr 47% less
Aviva Life Insurance India Assistant Manager Salary 1 - 14 years exp. (92 salaries)	Unlock ₹2.7 L/yr - ₹10.5 L/yr 15% less
Bharti AXA Life Insurance Assistant Manager Salary 2 - 10 years exp. (45 salaries)	Unlock ₹2.1 L/yr - ₹10.3 L/yr 17% less
PNB MetLife Assistant Manager Salary 0 - 11 years exp. (161 salaries)	Unlock ₹1.8 L/yr - ₹8 L/yr 40% less	3 job openings

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Assistant Manager salary at SBI Life Insurance Company ranges between ₹4 Lakhs to ₹12 Lakhs per year for employees with less than 1 year of experience to 15 years. Salary estimates are based on 538 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Assistant Manager

2d ago

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13 years exp.

2d ago

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6 years exp.

2d ago

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5 months exp.

6d ago

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13 years exp.

6d ago

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11 years exp.

1w ago

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12 years exp.

1w ago

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7 years exp.

1w ago

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8 years exp.

1w ago

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5 years exp.

1w ago

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7 years exp.

Experience wise SBI Life Insurance Company Assistant Manager salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
Fresher (50 salaries)	Unlock ₹5.5 L/yr - ₹12 L/yr
1 year (88 salaries)	Unlock ₹6 L/yr - ₹10.5 L/yr
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2 years (66 salaries)	Unlock ₹4.5 L/yr - ₹11 L/yr
3 years (44 salaries)	Unlock ₹5.1 L/yr - ₹12 L/yr
4 years (24 salaries)	Unlock ₹3.5 L/yr - ₹10 L/yr
5 years (23 salaries)	Unlock ₹3.6 L/yr - ₹10.8 L/yr
6 years (30 salaries)	Unlock ₹3.5 L/yr - ₹9.6 L/yr
7 years (27 salaries)	Unlock ₹3.6 L/yr - ₹9.5 L/yr
8 years (21 salaries)	Unlock ₹3.5 L/yr - ₹9 L/yr
9 years (19 salaries)	Unlock ₹4.3 L/yr - ₹9 L/yr
10 years (39 salaries)	Unlock ₹4.2 L/yr - ₹9.3 L/yr
11 years (25 salaries)	Unlock ₹4 L/yr - ₹8.3 L/yr
12 years (28 salaries)	Unlock ₹4 L/yr - ₹9 L/yr
13 years (23 salaries)	Unlock ₹4 L/yr - ₹9 L/yr
14 years (13 salaries)	Unlock ₹4.5 L/yr - ₹8 L/yr
15+ years (18 salaries)	Unlock ₹4 L/yr - ₹7.8 L/yr

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From

Assistant Manager

₹

Lakhs/yr

0 - 15 years exp.

Associate Vice President

₹

Lakhs/yr

9 - 20 years exp.

Assistant Manager 0 - 15 years exp.

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Manager 3 - 20 years exp.

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57% hike

Associate Vice President 9 - 20 years exp.

Unlock

96% hike

From

1 more level

Assistant Manager

Unlock

0 - 15 years exp.

Senior Manager

Unlock

5 - 14 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

(3 salaries)

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₹5.1 L/yr - ₹6.5 L/yr

Department Manager Salary

(4 salaries)

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₹3.2 L/yr - ₹4.25 L/yr

Assistant Branch Manager Salary

(9 salaries)

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₹2.4 L/yr - ₹12 L/yr

Operations Manager Salary

(44 salaries)

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₹3.6 L/yr - ₹13 L/yr

Team Manager Salary

(9 salaries)

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₹7.5 L/yr - ₹20.7 L/yr

Store Manager Salary

(AmbitionBox Estimate)

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₹7.7 L/yr - ₹9.8 L/yr

Branch Manager Salary

(167 salaries)

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₹6.5 L/yr - ₹15.7 L/yr

Deputy Manager Salary

(38 salaries)

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₹2.5 L/yr - ₹10 L/yr

Sales Manager Salary

(84 salaries)

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₹1.2 L/yr - ₹5.6 L/yr

Relationship Manager Salary

(50 salaries)

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₹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 101 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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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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SBI Life Insurance Company Assistant Manager Salary FAQs

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

Assistant Manager salary at SBI Life Insurance Company in India ranges between ₹4.0 Lakhs to ₹12.0 Lakhs for less than 1 year of experience to 15 years. According to our estimates it is 15% less than the average Assistant Manager Salary in India. Salary estimates are based on 538 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Assistant Manager at SBI Life Insurance Company is 15% less than the average salary of a Assistant Manager in India. To know exact salary insights, login to view.

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

Operations, Finance, Operations Management, Budgetary Control and Budget Management are some of the popular skills required to work as a Assistant Manager at SBI Life Insurance Company India.

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

MetLife Assistant Manager Salary - ₹7.4 Lakhs to ₹30.0 Lakhs per year
AXA Assistant Manager Salary - ₹10.0 Lakhs to ₹25.0 Lakhs per year
United India Insurance Company Assistant Manager Salary - ₹7.0 Lakhs to ₹22.0 Lakhs per year
The New India Assurance Co. Assistant Manager Salary - ₹10.0 Lakhs to ₹19.0 Lakhs per year
The Oriental Insurance Co. Assistant Manager Salary - ₹6.1 Lakhs to ₹18.0 Lakhs per year

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

First American Title Assistant Manager Salary - ₹10.3 Lakhs to ₹14.7 Lakhs per year
Marsh Assistant Manager Salary - ₹5.3 Lakhs to ₹19.0 Lakhs per year
Gallagher Assistant Manager Salary - ₹6.5 Lakhs to ₹12.2 Lakhs per year
AIG Assistant Manager Salary - ₹5.0 Lakhs to ₹16.0 Lakhs per year
Tata AIA Life Insurance Assistant Manager Salary - ₹3.8 Lakhs to ₹14.0 Lakhs per year

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 ranges between ₹53,468 per month to ₹54,800 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Assistant Manager salary in India which ranges between ₹4.0 Lakhs to ₹12.0 Lakhs per year for employees with less than 1 year of experience to 15 years. Check how did we calculate take home salary?

What is the notice period for Assistant Manager at SBI Life Insurance Company?

According to AmbitionBox, 39% of the SBI Life Insurance Company Assistant Managers reported a notice period of 3 Months, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 371 responses on AmbitionBox in last 2 years.

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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 538 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