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

Annual salary range
1 - 17 years exp.
₹4 Lakhs - ₹12 Lakhs
Salary of majority employees
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17% less than the average Assistant Manager Salary in Insurance Companies for 1 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Manager Salary
1 - 17 years exp. (112 salaries)
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₹3.5 L/yr - ₹11 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
1 - 17 years exp. (82 salaries)
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₹3.6 L/yr - ₹10.5 L/yr

Marketing & Communication
Assistant Manager Salary
1 - 12 years exp. (57 salaries)
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₹5 L/yr - ₹10.5 L/yr

Finance & Accounting
Assistant Manager Salary
1 - 15 years exp. (35 salaries)
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₹4 L/yr - ₹10.5 L/yr

Data Science & Analytics
Assistant Manager Salary
1 - 16 years exp. (24 salaries)
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₹5.5 L/yr - ₹9.5 L/yr

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Last Updated: 22 Mar 2025

Companies similar to SBI Life Insurance Company for Assistant Manager

Company name Avg Annual Salary Open Jobs
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MetLife Assistant Manager Salary

4 - 15 years exp. (895 salaries)

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₹8 L/yr - ₹30 L/yr

arrow icon 165% more
6 job openings
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₹2 L/yr - ₹4.8 L/yr

arrow icon 48% less
1 job opening
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Axis Max Life Insurance Assistant Manager Salary

0 - 10 years exp. (638 salaries)

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₹2 L/yr - ₹7.5 L/yr

arrow icon 40% less
19 job openings
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Tata AIA Life Insurance Assistant Manager Salary

2 - 17 years exp. (580 salaries)

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₹3.8 L/yr - ₹14 L/yr

arrow icon 25% more
31 job openings
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₹2.6 L/yr - ₹8.7 L/yr

arrow icon 30% less
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₹3 L/yr - ₹7.1 L/yr

arrow icon 25% less
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₹5.1 L/yr - ₹10.7 L/yr

arrow icon 12% more
1 job opening
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₹2 L/yr - ₹8.4 L/yr

arrow icon 39% less
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₹2.6 L/yr - ₹9.5 L/yr

arrow icon 19% less
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SBI General Insurance Assistant Manager Salary

0 - 10 years exp. (328 salaries)

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₹3 L/yr - ₹8.5 L/yr

arrow icon 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.

Latest annual salaries shared by SBI Life Insurance Company Assistant Manager

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Experience wise SBI Life Insurance Company Assistant Manager salaries

Last Updated: 22 Mar 2025

Experience Avg Annual Salary
1 year  (89 salaries)

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₹6 L/yr - ₹10.5 L/yr
2 years  (66 salaries)

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₹4.5 L/yr - ₹11 L/yr
3 years  (43 salaries)

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₹5.1 L/yr - ₹12 L/yr
4 years  (24 salaries)

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₹3.5 L/yr - ₹10 L/yr
5 years  (21 salaries)

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₹3.6 L/yr - ₹10.8 L/yr
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SBI Life Insurance Company Assistant Manager Salary and Career Growth

From

To

Assistant Manager

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1 - 17 years exp.

Senior Manager

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5 - 14 years exp.

Assistant Manager 1 - 17 years exp.
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Manager 3 - 17 years exp.
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arrow icon 45% hike
    Senior Manager 5 - 14 years exp.
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    arrow icon -3% hike

    From

    To

    Assistant Manager

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    1 - 17 years exp.

    Associate Vice President

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    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

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    ₹5.1 L/yr - ₹6.5 L/yr
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    ₹3.2 L/yr - ₹4.25 L/yr
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    ₹2.4 L/yr - ₹12 L/yr
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    ₹3.6 L/yr - ₹13 L/yr
    Team Manager Salary
    (11 salaries)
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    ₹7.5 L/yr - ₹15 L/yr
    Store Manager Salary
    (AmbitionBox Estimate)
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    ₹7.7 L/yr - ₹9.8 L/yr
    Branch Manager Salary
    (171 salaries)
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    ₹6.5 L/yr - ₹16 L/yr
    Deputy Manager Salary
    (38 salaries)
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    ₹2.5 L/yr - ₹10 L/yr
    Sales Manager Salary
    (87 salaries)
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    ₹1.2 L/yr - ₹5.5 L/yr
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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 103 employees for salary & benefits

    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.

    read more

    Dislikes

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

    read more
    • Salary - Bad
    • +5 more

    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.

    read more
    • 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.

    read more

    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.

    read more
    • 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

    read more
    • Work satisfaction - Poor
    • +2 more

    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

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    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.

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

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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.

    Tell us how to improve this page.

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