SBI Life Insurance Company Mumbai Assistant Manager 1 Salaries by 2 Employees (Updated 2025)

16 - 17 years exp.

₹7.2 Lakhs - ₹9.2 Lakhs

Low Confidence

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Last Updated: 9 Apr 2024

Companies similar to SBI Life Insurance Company for Assistant Manager 1 in Mumbai

SBI Life Insurance Company Assistant Manager 1 Salary

16 - 17 years exp. (AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Assistant Manager 1 Salary 0 - 5 years exp. (40 salaries)	₹2.4 L/yr - ₹5 L/yr 58% less
Kotak Mahindra Bank Assistant Manager 1 Salary 0 - 6 years exp. (29 salaries)	₹2 L/yr - ₹4.2 L/yr 61% less
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Equitas Small Finance Bank Assistant Manager 1 Salary 2 - 6 years exp. (6 salaries)	₹2.6 L/yr - ₹4.1 L/yr 59% less
CitiusTech Assistant Manager 1 Salary 5 - 8 years exp. (5 salaries)	₹5.1 L/yr - ₹8 L/yr 24% less
BASSEIN CATHOLIC CO-OP BANK Assistant Manager 1 Salary 3 - 11 years exp. (5 salaries)	₹8.6 L/yr - ₹10 L/yr 10% more

Assistant Manager 1 salary at SBI Life Insurance Company ranges between ₹7.2 Lakhs to ₹9.2 Lakhs per year for employees with experience between 16 years to 17 years. Salary estimates are based on 2 latest salaries received from various employees of SBI Life Insurance Company.

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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.

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is very slow

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

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.

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.

Head Human Resources in New Delhi

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 02 Dec 2024

2.0

for Salary and Benefits

Likes

Hr policy is very good of sbi life but Regional HR is Doll of Regional Director and Regional. Sbi life is a good Company like Government job for Back office employees like sales support, Operations department, Account Department, L&D Department and all Non Sales Employees. For Sales person QVP is Good if you have Good Branches and CIF

Dislikes

...e those persons who are working in other companies and switching multiple times. A New Employee can get salary more then those employees who are working here from last 8 Year. Due to state bank sbi life is working other there is no respect of sbi life. Promotion norm is very hard, Increment norms is very bed. Over all this company is only for Lucky person like if you got a great cif or branches a temporary staff can do business. Over all this is very bed company for sales person due to QVP people stay here if Company announced there is no QVP 80% of Employees will left this company.

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a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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SBI Life Insurance Company Assistant Manager 1 Salary FAQs

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

According to AmbitionBox, 100% of the SBI Life Insurance Company Assistant Manager 1s in Mumbai reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Assistant Manager 1 Salaries in Mumbai

SBI Life Insurance Company Assistant Manager 1 salary in Mumbai ranges between ₹7.2 Lakhs to ₹9.2 Lakhs. This is an estimate based on latest salaries received from employees of SBI Life Insurance Company.