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

Annual salary range
0 - 15 years exp.
₹4 Lakhs - ₹12 Lakhs
Salary of majority employees
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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)
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₹3.5 L/yr - ₹11 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
0 - 15 years exp. (79 salaries)
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₹3.6 L/yr - ₹10.5 L/yr

Marketing & Communication
Assistant Manager Salary
0 - 12 years exp. (73 salaries)
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₹5 L/yr - ₹10.5 L/yr

Finance & Accounting
Assistant Manager Salary
0 - 15 years exp. (38 salaries)
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₹4 L/yr - ₹10.5 L/yr

Sales & Business Development
Assistant Manager Salary
0 - 15 years exp. (31 salaries)
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₹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
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HDFC Life Assistant Manager Salary

1 - 9 years exp. (263 salaries)

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₹1.7 L/yr - ₹7.5 L/yr

arrow icon 32% less
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₹3 L/yr - ₹7.5 L/yr

arrow icon 25% less
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Axis Max Life Insurance Assistant Manager Salary

0 - 10 years exp. (644 salaries)

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₹2 L/yr - ₹8 L/yr

arrow icon 40% less
10 job openings
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₹3 L/yr - ₹13.6 L/yr

arrow icon 9% more
1 job opening
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₹2 L/yr - ₹4.8 L/yr

arrow icon 49% less
1 job opening
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Tata AIA Life Insurance Assistant Manager Salary

2 - 17 years exp. (575 salaries)

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₹3.8 L/yr - ₹14 L/yr

arrow icon 24% more
35 job openings
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₹2 L/yr - ₹8 L/yr

arrow icon 47% less
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₹2.7 L/yr - ₹10.5 L/yr

arrow icon 15% less
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₹2.1 L/yr - ₹10.3 L/yr

arrow icon 17% less
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PNB MetLife Assistant Manager Salary

0 - 11 years exp. (161 salaries)

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₹1.8 L/yr - ₹8 L/yr

arrow icon 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.
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6 years exp.
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5 months exp.
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13 years exp.
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11 years exp.
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12 years exp.
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Experience wise SBI Life Insurance Company Assistant Manager salaries

Last Updated: 5 Mar 2025

Experience Avg Annual Salary
Fresher  (50 salaries)

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₹5.5 L/yr - ₹12 L/yr
1 year  (88 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  (44 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
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SBI Life Insurance Company Assistant Manager Salary and Career Growth

From

To

Assistant Manager

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0 - 15 years exp.

Associate Vice President

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9 - 20 years exp.

Assistant Manager 0 - 15 years exp.
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Manager 3 - 20 years exp.
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arrow icon 57% hike
    Associate Vice President 9 - 20 years exp.
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    arrow icon 96% hike

    From

    1 more level

    To

    Assistant Manager

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    0 - 15 years exp.

    Senior Manager

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    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

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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
    (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
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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
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    Salary related reviews for SBI Life Insurance Company

    3.2

    Rated by 101 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

    read more

    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?
    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 salary in India ranges between ₹4 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 538 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.