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SBI Life Insurance Company Assistant Manager salaries in Mumbai

Annual salary range
0 - 15 years exp.
₹4 Lakhs - ₹11 Lakhs
Salary of majority employees
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10% 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. (43 salaries)
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₹4 L/yr - ₹10 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
0 - 15 years exp. (36 salaries)
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₹4.5 L/yr - ₹10.5 L/yr

Finance & Accounting
Assistant Manager Salary
0 - 15 years exp. (21 salaries)
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₹4.8 L/yr - ₹9.3 L/yr

Marketing & Communication
Assistant Manager Salary
0 - 7 years exp. (21 salaries)
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₹7 L/yr - ₹10.5 L/yr

Human Resources
Assistant Manager Salary
1 - 15 years exp. (16 salaries)
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₹5 L/yr - ₹9.3 L/yr

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Last Updated: 17 Dec 2024

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

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SBI Life Insurance Company Assistant Manager Salary

0 - 15 years exp. (204 salaries)

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₹4 L/yr - ₹11 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Assistant Manager Salary

1 - 9 years exp. (78 salaries)

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₹2.9 L/yr - ₹7.5 L/yr

arrow icon 36% less
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₹3 L/yr - ₹7 L/yr

arrow icon 28% less
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Max Life Insurance Assistant Manager Salary

0 - 10 years exp. (71 salaries)

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₹2.2 L/yr - ₹7.5 L/yr

arrow icon 42% less
22 job openings
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₹4 L/yr - ₹11.8 L/yr

arrow icon 1% less
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₹2 L/yr - ₹4.8 L/yr

arrow icon 51% less
1 job opening
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Tata AIA Life Insurance Assistant Manager Salary

2 - 17 years exp. (309 salaries)

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₹5 L/yr - ₹18 L/yr

arrow icon 39% more
59 job openings
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₹2.5 L/yr - ₹7 L/yr

arrow icon 44% less
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₹3.5 L/yr - ₹11.5 L/yr

arrow icon 1% less
1 job opening
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PNB MetLife Assistant Manager Salary

2 - 12 years exp. (60 salaries)

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₹2.5 L/yr - ₹8 L/yr

arrow icon 29% less
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₹2.4 L/yr - ₹10 L/yr

arrow icon 23% less
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₹1.9 L/yr - ₹6.2 L/yr

arrow icon 40% less
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₹2.9 L/yr - ₹7.3 L/yr

arrow icon 34% less
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SBI General Insurance Assistant Manager Salary

0 - 11 years exp. (75 salaries)

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₹3.2 L/yr - ₹9 L/yr

arrow icon 39% less
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₹3 L/yr - ₹9.3 L/yr

arrow icon 20% less
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₹3 L/yr - ₹8 L/yr

arrow icon 32% less
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Marsh Assistant Manager Salary

0 - 6 years exp. (23 salaries)

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₹6 L/yr - ₹20 L/yr

arrow icon 69% more
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₹5 L/yr - ₹8.5 L/yr

arrow icon 14% less
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₹7 L/yr - ₹18 L/yr

arrow icon 113% more
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₹3.4 L/yr - ₹8 L/yr

arrow icon 11% less
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₹11 L/yr - ₹19 L/yr

arrow icon 124% more
View all
Assistant Manager salary at SBI Life Insurance Company ranges between ₹4 Lakhs to ₹11 Lakhs per year for employees with less than 1 year of experience to 15 years. Salary estimates are based on 204 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Assistant Manager in Mumbai

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9 months exp.

Experience wise SBI Life Insurance Company Assistant Manager salaries in Mumbai

Last Updated: 17 Dec 2024

Experience Avg Annual Salary
Fresher  (11 salaries)

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₹6 L/yr - ₹10.5 L/yr
1 year  (18 salaries)

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₹6.3 L/yr - ₹10.5 L/yr
2 years  (26 salaries)

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₹6 L/yr - ₹11 L/yr
3 years  (20 salaries)

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₹6 L/yr - ₹10 L/yr
4 years  (10 salaries)

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₹6 L/yr - ₹8.5 L/yr
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Similar Designation salaries in SBI Life Insurance Company

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₹7.3 L/yr - ₹10 L/yr
Branch Manager Salary
(8 salaries)
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₹8 L/yr - ₹11.2 L/yr
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₹3.24 L/yr - ₹5 L/yr
Deputy Manager Salary
(5 salaries)
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₹4 L/yr - ₹8.5 L/yr
Team Manager Salary
(3 salaries)
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₹7.5 L/yr - ₹12 L/yr
Sales Manager Salary
(3 salaries)
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₹3.8 L/yr - ₹5.6 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

3.2

Rated by 22 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.

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Dislikes

Institutional Alliance segment should be close, old employees should be thrown out company regularly promotion & expense distribution should be regularised.

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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.

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Dislikes

Some incentive criteria should offer for back office support. Please instruct to branches avoid to late sitting because its affected to personal life.

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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.

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Dislikes

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

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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

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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.

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SBI Life Insurance Company Assistant Manager Salary FAQs

What is the salary of Assistant Manager at SBI Life Insurance Company Mumbai?
Assistant Manager salary at SBI Life Insurance Company in Mumbai ranges between ₹4.0 Lakhs to ₹11.0 Lakhs for less than 1 year of experience to 15 years. According to our estimates it is 10% less than the average Assistant Manager Salary in India. Salary estimates are based on 204 latest salaries received from various employees of SBI Life Insurance Company Mumbai.
How does the salary of a Assistant Manager at SBI Life Insurance Company Mumbai compare with the average salary range for this job?
The average salary of a Assistant Manager at SBI Life Insurance Company is 10% less than the average salary of a Assistant Manager in Mumbai. 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 Mumbai.
Which similar companies are paying more than SBI Life Insurance Company to a Assistant Manager in Mumbai?
  • United India Insurance Company Assistant Manager Salary - ₹11.0 Lakhs to ₹19.0 Lakhs per year
  • The New India Assurance Co. Assistant Manager Salary - ₹7.0 Lakhs to ₹18.0 Lakhs per year
  • Gallagher Assistant Manager Salary - ₹10.0 Lakhs to ₹20.0 Lakhs per year
  • The Oriental Insurance Co. Assistant Manager Salary - ₹9.0 Lakhs to ₹15.5 Lakhs per year
  • Marsh Assistant Manager Salary - ₹6.0 Lakhs to ₹20.0 Lakhs per year
What is the salary of a Assistant Manager in companies similar to SBI Life Insurance Company in Mumbai?
  • Tata AIA Life Insurance Assistant Manager Salary - ₹5.0 Lakhs to ₹18.0 Lakhs per year
  • Bharti AXA Life Insurance Assistant Manager Salary - ₹3.5 Lakhs to ₹11.5 Lakhs per year
  • Bajaj Allianz Life Insurance Assistant Manager Salary - ₹4.0 Lakhs to ₹11.8 Lakhs per year
  • Life Insurance Corporation of India Assistant Manager Salary - ₹3.4 Lakhs to ₹8.0 Lakhs per year
  • AON Global Insurance Brokers Assistant Manager Salary - ₹5.0 Lakhs to ₹8.5 Lakhs per year
What is the estimated take home salary of a Assistant Manager at SBI Life Insurance Company in Mumbai?
The estimated take-home salary of a Assistant Manager at SBI Life Insurance Company ranges between ₹54,960 per month to ₹56,334 per month in Mumbai. 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 ₹11.0 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 in Mumbai?
According to AmbitionBox, 63% of the SBI Life Insurance Company Assistant Managers in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 99 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

SBI Life Insurance Company Assistant Manager salary in Mumbai ranges between ₹4 Lakhs to ₹11 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 204 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.