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

0 - 13 years exp.

₹4 Lakhs - ₹9.5 Lakhs

Salary of majority employees

Fixed (75%)

₹5.5 Lakhs

Variable (25%)

₹1.7 Lakh

13% less than the average Assistant Manager Salary in Insurance Companies for 0 - 13 years of experience

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Salaries in different departments

Customer Success, Service & Operations Assistant Manager Salary 8 - 13 years exp. (4 salaries)	₹5.1 L/yr - ₹8 L/yr
Finance & Accounting Assistant Manager Salary 5 - 6 years exp. (3 salaries)	₹4 L/yr - ₹9.5 L/yr
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BFSI, Investments & Trading Assistant Manager Salary 1 - 12 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹9 L/yr
Data Science & Analytics Assistant Manager Salary 2 - 7 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹8 L/yr
Sales & Business Development Assistant Manager Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹6.7 L/yr - ₹9.5 L/yr

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Last Updated: 8 Feb 2025

Companies similar to SBI Life Insurance Company for Assistant Manager in Hyderabad / Secunderabad

SBI Life Insurance Company Assistant Manager Salary

0 - 13 years exp. (20 salaries)

₹4 L/yr - ₹9.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Assistant Manager Salary 2 - 8 years exp. (13 salaries)	₹3.8 L/yr - ₹5.3 L/yr 34% less
ICICI Prudential Life Insurance Assistant Manager Salary 1 - 12 years exp. (30 salaries)	₹3.2 L/yr - ₹7.5 L/yr 27% less
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Bajaj Allianz Life Insurance Assistant Manager Salary 2 - 14 years exp. (5 salaries)	₹5.5 L/yr - ₹10 L/yr 6% more	1 job opening
Tata AIA Life Insurance Assistant Manager Salary 3 - 12 years exp. (16 salaries)	₹3.3 L/yr - ₹11.4 L/yr 9% more	33 job openings
Reliance Nippon Life Insurance Assistant Manager Salary 3 - 12 years exp. (4 salaries)	₹3.2 L/yr - ₹6.5 L/yr 47% less
PNB MetLife Assistant Manager Salary 5 - 7 years exp. (3 salaries)	₹1.8 L/yr - ₹5 L/yr 43% less	3 job openings
Shriram Life Insurance Assistant Manager Salary 1 - 14 years exp. (87 salaries)	₹2.6 L/yr - ₹9 L/yr 25% less
HDFC Ergo General Insurance Assistant Manager Salary 2 - 10 years exp. (61 salaries)	₹2.8 L/yr - ₹6.4 L/yr 34% less
Aditya Birla Health Insurance Co Assistant Manager Salary 0 - 9 years exp. (30 salaries)	₹3.3 L/yr - ₹8 L/yr 17% less
Bajaj Allianz General Insurance Assistant Manager Salary 1 - 14 years exp. (26 salaries)	₹5.3 L/yr - ₹9.7 L/yr 5% more	5 job openings
Aditya Birla Sun Life Insurance Assistant Manager Salary 2 - 10 years exp. (21 salaries)	₹3.3 L/yr - ₹6 L/yr 40% less
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SBI General Insurance Assistant Manager Salary 0 - 10 years exp. (17 salaries)	₹3.4 L/yr - ₹8 L/yr 41% less
Star Health & Allied Insurance Assistant Manager Salary 4 - 11 years exp. (17 salaries)	₹3.2 L/yr - ₹6 L/yr 32% less
MetLife Assistant Manager Salary 6 - 12 years exp. (12 salaries)	₹10 L/yr - ₹26 L/yr 158% more	1 job opening
ICICI Lombard General Insurance Company Assistant Manager Salary 0 - 7 years exp. (6 salaries)	₹2.8 L/yr - ₹5.2 L/yr 32% less
AIG Assistant Manager Salary 3 - 10 years exp. (4 salaries)	₹5 L/yr - ₹12 L/yr 44% more

Assistant Manager salary at SBI Life Insurance Company ranges between ₹4 Lakhs to ₹9.5 Lakhs per year for employees with less than 1 year of experience to 13 years. Salary estimates are based on 20 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Assistant Manager salaries in Hyderabad / Secunderabad

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.2 L/yr - ₹9 L/yr
1 year (6 salaries)	₹6 L/yr - ₹9.5 L/yr
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2 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹8 L/yr
3 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
4 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹7.5 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹9.5 L/yr
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹12.9 L/yr
8 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹12.8 L/yr
9 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
10 years (4 salaries)	₹4.2 L/yr - ₹12.4 L/yr
11 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
12 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹12 L/yr
13 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹8 L/yr

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From

Assistant Manager

₹

Lakhs/yr

0 - 13 years exp.

Associate Vice President

₹

Lakhs/yr

9 - 20 years exp.

Assistant Manager 0 - 13 years exp.

Manager 3 - 20 years exp.

54% hike

Associate Vice President 9 - 20 years exp.

101% hike

From

1 more level

Assistant Manager

0 - 13 years exp.

Senior Manager

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

Sales Manager Salary

(6 salaries)

₹3.25 L/yr - ₹5 L/yr

Operations Manager Salary

(6 salaries)

₹7 L/yr - ₹10 L/yr

Relationship Manager Salary

(3 salaries)

₹3.6 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

4.1

Rated by 5 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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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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SBI Life Insurance Company Assistant Manager Salary FAQs

What is the salary of Assistant Manager at SBI Life Insurance Company Hyderabad / Secunderabad?

Assistant Manager salary at SBI Life Insurance Company in Hyderabad / Secunderabad ranges between ₹4.0 Lakhs to ₹9.5 Lakhs for less than 1 year of experience to 13 years. According to our estimates it is 13% less than the average Assistant Manager Salary in India. Salary estimates are based on 20 latest salaries received from various employees of SBI Life Insurance Company Hyderabad / Secunderabad.

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

The average salary of a Assistant Manager at SBI Life Insurance Company is 13% less than the average salary of a Assistant Manager in Hyderabad / Secunderabad. 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 Hyderabad / Secunderabad.

Which similar companies are paying more than SBI Life Insurance Company to a Assistant Manager in Hyderabad / Secunderabad?

MetLife Assistant Manager Salary - ₹10.0 Lakhs to ₹26.0 Lakhs per year
AIG Assistant Manager Salary - ₹5.0 Lakhs to ₹12.0 Lakhs per year
Tata AIA Life Insurance Assistant Manager Salary - ₹3.3 Lakhs to ₹11.4 Lakhs per year
Bajaj Allianz Life Insurance Assistant Manager Salary - ₹5.5 Lakhs to ₹10.0 Lakhs per year
Bajaj Allianz General Insurance Assistant Manager Salary - ₹5.3 Lakhs to ₹9.7 Lakhs per year

What is the salary of a Assistant Manager in companies similar to SBI Life Insurance Company in Hyderabad / Secunderabad?

Aditya Birla Health Insurance Co Assistant Manager Salary - ₹3.3 Lakhs to ₹8.0 Lakhs per year
Shriram Life Insurance Assistant Manager Salary - ₹2.6 Lakhs to ₹9.0 Lakhs per year
ICICI Prudential Life Insurance Assistant Manager Salary - ₹3.2 Lakhs to ₹7.5 Lakhs per year
ICICI Lombard General Insurance Company Assistant Manager Salary - ₹2.8 Lakhs to ₹5.2 Lakhs per year
Star Health & Allied Insurance Assistant Manager Salary - ₹3.2 Lakhs to ₹6.0 Lakhs per year

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

The estimated take-home salary of a Assistant Manager at SBI Life Insurance Company ranges between ₹54,000 per month to ₹55,347 per month in Hyderabad / Secunderabad. 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 ₹9.5 Lakhs per year for employees with less than 1 year of experience to 13 years. Check how did we calculate take home salary?

What is the notice period for Assistant Manager at SBI Life Insurance Company in Hyderabad / Secunderabad?

According to AmbitionBox, 60% of the SBI Life Insurance Company Assistant Managers in Hyderabad / Secunderabad reported a notice period of 3 Months, 27% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 15 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Assistant Manager Salaries in Hyderabad / Secunderabad

SBI Life Insurance Company Assistant Manager salary in Hyderabad / Secunderabad ranges between ₹4 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Assistant Manager salaries in Hyderabad / Secunderabad (Updated 2025)

Companies similar to SBI Life Insurance Company for Assistant Manager in Hyderabad / Secunderabad

Latest annual salaries shared by SBI Life Insurance Company Assistant Manager in Hyderabad / Secunderabad

Experience wise SBI Life Insurance Company Assistant Manager salaries in Hyderabad / Secunderabad

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

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