SBI Life Insurance Company Bangalore / Bengaluru Assistant Manager Salaries by 20+ Employees (Updated 2025)

0 - 14 years exp.

₹5.2 Lakhs - ₹10.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

12% less than the average Assistant Manager Salary in Insurance Companies for 0 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 1 - 10 years exp. (5 salaries)	₹6.5 L/yr - ₹10.5 L/yr
Marketing & Communication Assistant Manager Salary 0 - 2 years exp. (5 salaries)	₹7.5 L/yr - ₹10.5 L/yr
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Customer Success, Service & Operations Assistant Manager Salary 1 - 14 years exp. (4 salaries)	₹6.2 L/yr - ₹9.3 L/yr
Data Science & Analytics Assistant Manager Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.6 L/yr
Finance & Accounting Assistant Manager Salary 4 - 7 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹10 L/yr

View all

Last Updated: 2 Apr 2025

Companies similar to SBI Life Insurance Company for Assistant Manager in Bangalore / Bengaluru

SBI Life Insurance Company Assistant Manager Salary

0 - 14 years exp. (27 salaries)

₹5.2 L/yr - ₹10.5 L/yr

Company name	Avg Annual Salary	Open Jobs
AIG Assistant Manager Salary 3 - 13 years exp. (67 salaries)	₹6.1 L/yr - ₹15.6 L/yr 39% more
Kotak Mahindara Life Insurance Assistant Manager Salary 0 - 7 years exp. (61 salaries)	₹2.2 L/yr - ₹4.6 L/yr 52% less	1 job opening
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HDFC Life Assistant Manager Salary 1 - 10 years exp. (60 salaries)	₹3.2 L/yr - ₹6.8 L/yr 30% less
Axis Max Life Insurance Assistant Manager Salary 0 - 9 years exp. (57 salaries)	₹2.5 L/yr - ₹6 L/yr 44% less	21 job openings
ICICI Prudential Life Insurance Assistant Manager Salary 1 - 10 years exp. (36 salaries)	₹4.2 L/yr - ₹6.8 L/yr 29% less
Aditya Birla Sun Life Insurance Assistant Manager Salary 1 - 8 years exp. (31 salaries)	₹3 L/yr - ₹6 L/yr 41% less
Aditya Birla Health Insurance Co Assistant Manager Salary 0 - 9 years exp. (24 salaries)	₹3.9 L/yr - ₹8 L/yr 24% less
MetLife Assistant Manager Salary 5 - 13 years exp. (23 salaries)	₹10 L/yr - ₹36 L/yr 176% more	4 job openings
Tata AIA Life Insurance Assistant Manager Salary 3 - 13 years exp. (23 salaries)	₹4.5 L/yr - ₹9 L/yr 8% more	29 job openings
Bajaj Allianz General Insurance Assistant Manager Salary 1 - 13 years exp. (14 salaries)	₹6.7 L/yr - ₹10 L/yr 6% more	2 job openings

View all

Assistant Manager salary at SBI Life Insurance Company ranges between ₹5.2 Lakhs to ₹10.5 Lakhs per year for employees with less than 1 year of experience to 14 years. Salary estimates are based on 27 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Assistant Manager in Bangalore / Bengaluru

1w ago

₹6.3 Lakhs

8 years exp.

3w ago

₹6 Lakhs

1 year exp.

1mo ago

₹9 Lakhs

1 year exp.

2mo ago

₹9.3 Lakhs

3 years exp.

3mo ago

₹10.5 Lakhs

2 years exp.

3mo ago

2 years exp.

6mo ago

7 years exp.

7mo ago

4 years exp.

7mo ago

2 years exp.

9mo ago

10 years exp.

Experience wise SBI Life Insurance Company Assistant Manager salaries in Bangalore / Bengaluru

Last Updated: 2 Apr 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹6.5 L/yr - ₹14.7 L/yr
1 year (7 salaries)	₹6 L/yr - ₹9 L/yr
Login to view exact salary
2 years (4 salaries)	₹6.5 L/yr - ₹10.5 L/yr
3 years (4 salaries)	₹7.7 L/yr - ₹10.5 L/yr
4 years (AmbitionBox Estimate)	₹7 L/yr - ₹9 L/yr
5 years (AmbitionBox Estimate)	₹7 L/yr - ₹8.9 L/yr
6 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
7 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
8 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
9 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.5 L/yr
10 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
11 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
12 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.2 L/yr
13 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.1 L/yr
14 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr

View all

From

Assistant Manager

₹

Lakhs/yr

0 - 15 years exp.

Senior Manager

₹

Lakhs/yr

5 - 14 years exp.

Assistant Manager 0 - 15 years exp.

Manager 3 - 20 years exp.

52% hike

Senior Manager 5 - 14 years exp.

-11% hike

From

View 1 more level

Assistant Manager

0 - 15 years exp.

Associate Vice President

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

Branch Manager Salary

(8 salaries)

₹6.5 L/yr - ₹12 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

4.0

Rated by 1 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

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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SBI Life Insurance Company Assistant Manager Salary FAQs

What is the salary of Assistant Manager at SBI Life Insurance Company in Bangalore / Bengaluru?

The average salary of a Assistant Manager at SBI Life Insurance Company in Bangalore / Bengaluru typically ranges from ₹5.2 Lakhs to ₹10.5 Lakhs per year, depending on experience (from Fresher to 14 years).

The top 10% of Assistant Manager in Bangalore / Bengaluru at SBI Life Insurance Company earn more than ₹9.9 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 20+ SBI Life Insurance Company employees in India.

What is the estimated take home salary of a Assistant Manager at SBI Life Insurance Company in Bangalore / Bengaluru?

The estimated take-home salary of a Assistant Manager at SBI Life Insurance Company in Bangalore / Bengaluru typically ranges from ₹56,010 to ₹57,414 per month. This is based on the average salary range of ₹5.2 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from Fresher to 14 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 20+ 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 in Bangalore / Bengaluru?

To be a Assistant Manager at SBI Life Insurance Company in Bangalore / Bengaluru, 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	₹10.0 Lakhs to ₹36.0 Lakhs per year
United India Insurance Company	₹10.0 Lakhs to ₹22.0 Lakhs per year
AXA	₹14.0 Lakhs to ₹25.0 Lakhs per year
The New India Assurance Co.	₹10.5 Lakhs to ₹19.0 Lakhs per year
First American Title	₹12.1 Lakhs to ₹14.7 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 Bangalore / Bengaluru?

The salary of a Assistant Manager at companies similar to SBI Life Insurance Company in Bangalore / Bengaluru varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Gallagher	₹7.5 Lakhs to ₹22.0 Lakhs per year
Marsh	₹5.3 Lakhs to ₹15.0 Lakhs per year
AIG	₹6.1 Lakhs to ₹15.6 Lakhs per year
Tata AIA Life Insurance	₹4.5 Lakhs to ₹9.0 Lakhs per year
Bajaj Allianz General Insurance	₹6.7 Lakhs to ₹10.0 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 Bangalore / Bengaluru?

The salary growth for a Assistant Manager at SBI Life Insurance Company in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Assistant Manager in Bangalore / Bengaluru can expect the following growth trajectory at SBI Life Insurance Company:

Experience	Average Salary Range
Fresher	₹6.5 Lakhs to ₹14.7 Lakhs per year
1 year	₹6.0 Lakhs to ₹9.0 Lakhs per year
2 years	₹6.5 Lakhs to ₹10.5 Lakhs per year
3 years	₹7.7 Lakhs to ₹10.5 Lakhs per year

and so on.

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SBI Life Insurance Company Assistant Manager Salaries in Bangalore / Bengaluru

SBI Life Insurance Company Assistant Manager salary in Bangalore / Bengaluru ranges between ₹5.2 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 27 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Assistant Manager salaries in Bangalore / Bengaluru (Updated 2025)

Companies similar to SBI Life Insurance Company for Assistant Manager in Bangalore / Bengaluru

Latest annual salaries shared by SBI Life Insurance Company Assistant Manager in Bangalore / Bengaluru

Experience wise SBI Life Insurance Company Assistant Manager salaries in Bangalore / Bengaluru

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

Tell us how to improve this page.