SBI Life Insurance Company Assistant Manager 1 Salaries by 5 Employees (Updated 2025)

2 - 17 years exp.

₹7.5 Lakhs - ₹9.4 Lakhs

Low Confidence

Salary of majority employees

79% more than the average Assistant Manager 1 Salary in Insurance Companies for 2 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager 1 Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.3 L/yr
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Customer Success, Service & Operations Assistant Manager 1 Salary 16 - 17 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹8.8 L/yr

Last Updated: 31 Jan 2025

Companies similar to SBI Life Insurance Company for Assistant Manager 1

Company name	Avg Annual Salary	Open Jobs
Max Life Insurance Assistant Manager 1 Salary 5 - 9 years exp. (5 salaries)	₹3.5 L/yr - ₹6 L/yr 45% less
Tata AIA Life Insurance Assistant Manager 1 Salary 4 - 13 years exp. (4 salaries)	₹5 L/yr - ₹7.3 L/yr 25% less
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Aditya Birla Sun Life Insurance Assistant Manager 1 Salary 3 - 10 years exp. (3 salaries)	₹2.5 L/yr - ₹4 L/yr 62% less
Aditya Birla Health Insurance Co Assistant Manager 1 Salary 2 - 5 years exp. (4 salaries)	₹3.5 L/yr - ₹4 L/yr 53% less
Star Health & Allied Insurance Assistant Manager 1 Salary 6 - 18 years exp. (3 salaries)	₹1.5 L/yr - ₹6.5 L/yr 42% less

Assistant Manager 1 salary at SBI Life Insurance Company ranges between ₹7.5 Lakhs to ₹9.4 Lakhs per year for employees with experience between 2 years to 17 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Assistant Manager 1 salaries

Last Updated: 31 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.4 L/yr
3 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹14.7 L/yr
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4 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.4 L/yr
5 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
6 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
7 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
8 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
9 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
10 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
11 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.3 L/yr
12 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
13 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
14 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
15+ years (AmbitionBox Estimate)	₹3.2 L/yr - ₹8 L/yr

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Salary related reviews for SBI Life Insurance Company

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

Branch Manager in Kumta

BFSI, Investments & Trading Department

3.0

• posted on 18 Jun 2020

3.0

for Salary and Benefits

Likes

Salary hike 3 to 5 % per year.Providing petrol exp and telephone exp based on cader.

Dislikes

Lot of politics, no HR Control , career growth is slow, induction training will not conducted in proper time. No value and respect for out Commer. High volume pressure on target and mental irritation. No any value addition from reporting manager.

Job security - Bad

+4 more

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

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SBI Life Insurance Company Assistant Manager 1 Salary FAQs

What is the salary of Assistant Manager 1 at SBI Life Insurance Company?

Assistant Manager 1 salary at SBI Life Insurance Company in India ranges between ₹7.5 Lakhs to ₹9.4 Lakhs for experience between 2 years to 17 years. According to our estimates it is 79% more than the average Assistant Manager 1 Salary in India. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company India.

How does the salary of a Assistant Manager 1 at SBI Life Insurance Company India compare with the average salary range for this job?

The average salary of a Assistant Manager 1 at SBI Life Insurance Company is 79% more than the average salary of a Assistant Manager 1 in India. To know exact salary insights, login to view.

What is the salary of a Assistant Manager 1 in companies similar to SBI Life Insurance Company in India?

Tata AIA Life Insurance Assistant Manager 1 Salary - ₹5.0 Lakhs to ₹7.3 Lakhs per year
Star Health & Allied Insurance Assistant Manager 1 Salary - ₹1.5 Lakhs to ₹6.5 Lakhs per year
Max Life Insurance Assistant Manager 1 Salary - ₹3.5 Lakhs to ₹6.0 Lakhs per year
Aditya Birla Health Insurance Co Assistant Manager 1 Salary - ₹3.5 Lakhs to ₹4.0 Lakhs per year
Aditya Birla Sun Life Insurance Assistant Manager 1 Salary - ₹2.5 Lakhs to ₹4.0 Lakhs per year

What is the estimated take home salary of a Assistant Manager 1 at SBI Life Insurance Company in India?

The estimated take-home salary of a Assistant Manager 1 at SBI Life Insurance Company ranges between ₹59,479 per month to ₹60,981 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Assistant Manager 1 salary in India which ranges between ₹7.5 Lakhs to ₹9.4 Lakhs per year for employees with experience between 2 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Assistant Manager 1 at SBI Life Insurance Company?

According to AmbitionBox, 50% of the SBI Life Insurance Company Assistant Manager 1s reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Assistant Manager 1 Salaries

SBI Life Insurance Company Assistant Manager 1 salary in India ranges between ₹7.5 Lakhs to ₹9.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.