SBI Life Insurance Company Pune Assistant Manager Salaries by 10+ Employees (Updated 2025)

0 - 15 years exp.

₹4 Lakhs - ₹10.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

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 1 - 12 years exp. (7 salaries)	₹5 L/yr - ₹10.5 L/yr
Marketing & Communication Assistant Manager Salary 0 - 1 year exp. (4 salaries)	₹6.5 L/yr - ₹10.5 L/yr
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Sales & Business Development Assistant Manager Salary 4 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹9 L/yr

Last Updated: 20 Feb 2025

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

SBI Life Insurance Company Assistant Manager Salary

0 - 15 years exp. (14 salaries)

₹4 L/yr - ₹10.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz General Insurance Assistant Manager Salary 1 - 16 years exp. (172 salaries)	₹5.1 L/yr - ₹10.7 L/yr 7% more	2 job openings
Bajaj Allianz Life Insurance Assistant Manager Salary 2 - 14 years exp. (172 salaries)	₹3.5 L/yr - ₹15 L/yr 13% more	1 job opening
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ICICI Prudential Life Insurance Assistant Manager Salary 1 - 11 years exp. (54 salaries)	₹4 L/yr - ₹7.1 L/yr 28% less
Axis Max Life Insurance Assistant Manager Salary 0 - 10 years exp. (42 salaries)	₹2.5 L/yr - ₹6 L/yr 44% less	20 job openings
SBI General Insurance Assistant Manager Salary 0 - 7 years exp. (31 salaries)	₹3 L/yr - ₹8.4 L/yr 45% less
HDFC Ergo General Insurance Assistant Manager Salary 1 - 11 years exp. (27 salaries)	₹2.7 L/yr - ₹7.3 L/yr 34% less
Aditya Birla Sun Life Insurance Assistant Manager Salary 0 - 7 years exp. (25 salaries)	₹3 L/yr - ₹5.5 L/yr 41% less
Aditya Birla Health Insurance Co Assistant Manager Salary 0 - 9 years exp. (19 salaries)	₹3.5 L/yr - ₹7.7 L/yr 19% less
Tata AIA Life Insurance Assistant Manager Salary 2 - 16 years exp. (16 salaries)	₹4.3 L/yr - ₹11.8 L/yr 18% more	29 job openings
HDFC Life Assistant Manager Salary 1 - 9 years exp. (13 salaries)	₹3.8 L/yr - ₹6.5 L/yr 35% less
MetLife Assistant Manager Salary 5 - 12 years exp. (11 salaries)	₹14.2 L/yr - ₹28.6 L/yr 169% more	4 job openings
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Star Health & Allied Insurance Assistant Manager Salary 5 - 11 years exp. (8 salaries)	₹3 L/yr - ₹6.7 L/yr 31% less
AXA Assistant Manager Salary 5 - 9 years exp. (3 salaries)	₹16.2 L/yr - ₹18 L/yr 117% more

Assistant Manager salary at SBI Life Insurance Company ranges between ₹4 Lakhs to ₹10.5 Lakhs per year for employees with less than 1 year of experience to 15 years. Salary estimates are based on 14 latest salaries received from various employees of SBI Life Insurance Company.

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

1mo ago

₹6.5 Lakhs

5 months exp.

5mo ago

₹10.5 Lakhs

1 year exp.

5mo ago

₹9 Lakhs

4 years exp.

5mo ago

₹10.5 Lakhs

3 months exp.

6mo ago

₹4 Lakhs

15 years exp.

7mo ago

2 months exp.

10mo ago

10 years exp.

1y ago

8 years exp.

Experience wise SBI Life Insurance Company Assistant Manager salaries in Pune

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹6.5 L/yr - ₹10.5 L/yr
1 year (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
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2 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
3 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
4 years (AmbitionBox Estimate)	₹7 L/yr - ₹9 L/yr
5 years (AmbitionBox Estimate)	₹6.9 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)	₹6.7 L/yr - ₹8.6 L/yr
9 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.5 L/yr
10 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.4 L/yr
11 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
12 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
13 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr
14 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹8 L/yr
15+ years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 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 - 17 years exp.

44% hike

Senior Manager 5 - 14 years exp.

-6% 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

BDM Salary

(5 salaries)

₹4.05 L/yr - ₹5.5 L/yr

Operations Associate Salary

(4 salaries)

₹2.5 L/yr - ₹3.8 L/yr

Associate Vice President Salary

(3 salaries)

₹19 L/yr - ₹25 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

3.0

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

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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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 Pune?

The average salary of a Assistant Manager at SBI Life Insurance Company in Pune typically ranges from ₹4.0 Lakhs to ₹10.5 Lakhs per year, depending on experience (from Fresher to 15 years).

The top 10% of Assistant Manager in Pune at SBI Life Insurance Company earn more than ₹10.5 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 10+ SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Assistant Manager at SBI Life Insurance Company in Pune typically ranges from ₹55,651 to ₹57,044 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from Fresher to 15 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 10+ 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 Pune?

To be a Assistant Manager at SBI Life Insurance Company in Pune, 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	₹14.2 Lakhs to ₹28.6 Lakhs per year
AXA	₹16.2 Lakhs to ₹18.0 Lakhs per year
Tata AIA Life Insurance	₹4.3 Lakhs to ₹11.8 Lakhs per year
Bajaj Allianz Life Insurance	₹3.5 Lakhs to ₹15.0 Lakhs per year
Bajaj Allianz General Insurance	₹5.1 Lakhs to ₹10.7 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 Pune?

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

Aditya Birla Health Insurance Co	₹3.5 Lakhs to ₹7.7 Lakhs per year
ICICI Prudential Life Insurance	₹4.0 Lakhs to ₹7.1 Lakhs per year
Star Health & Allied Insurance	₹3.0 Lakhs to ₹6.7 Lakhs per year
HDFC Ergo General Insurance	₹2.7 Lakhs to ₹7.3 Lakhs per year
HDFC Life	₹3.8 Lakhs to ₹6.5 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 Pune?

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

Experience	Average Salary Range
Fresher	₹6.5 Lakhs to ₹10.5 Lakhs per year
1 year	₹7.2 Lakhs to ₹9.2 Lakhs per year
2 years	₹7.2 Lakhs to ₹9.2 Lakhs per year
3 years	₹7.1 Lakhs to ₹9.1 Lakhs per year

and so on.

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SBI Life Insurance Company Assistant Manager Salaries in Pune

SBI Life Insurance Company Assistant Manager salary in Pune ranges between ₹4 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.