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SBI Life Insurance Company Associate salaries in India (Updated 2025)

Annual salary range
1 - 6 years exp.
₹1 Lakh - ₹4.2 Lakhs
Salary of majority employees
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Fixed (87%)
₹2.2 Lakhs
Variable (13%)
₹0.4 Lakh
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66% less than the average Associate Salary in Insurance Companies for 1 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Associate Salary
1 - 6 years exp. (62 salaries)
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₹1.2 L/yr - ₹4.2 L/yr

BFSI, Investments & Trading
Associate Salary
1 - 6 years exp. (47 salaries)
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₹1.4 L/yr - ₹3.8 L/yr

Finance & Accounting
Associate Salary
1 - 6 years exp. (21 salaries)
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₹1.5 L/yr - ₹4 L/yr

Human Resources
Associate Salary
1 - 5 years exp. (15 salaries)
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₹1.5 L/yr - ₹3.4 L/yr

Administration & Facilities
Associate Salary
1 - 5 years exp. (12 salaries)
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₹1.4 L/yr - ₹3.4 L/yr

View all

Last Updated: 10 Mar 2025

Companies similar to SBI Life Insurance Company for Associate

Company name Avg Annual Salary Open Jobs
Logo
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₹1.7 L/yr - ₹4.3 L/yr

arrow icon 32% more
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HDFC Life Associate Salary

0 - 3 years exp. (227 salaries)

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₹1.1 L/yr - ₹3.3 L/yr

arrow icon 19% less
Logo
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₹3.5 L/yr - ₹4.1 L/yr

arrow icon 43% more
Logo
Axis Max Life Insurance Associate Salary

0 - 5 years exp. (34 salaries)

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₹2 L/yr - ₹4.3 L/yr

arrow icon 20% more
1 job opening
Logo
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₹1.3 L/yr - ₹2.7 L/yr

arrow icon 13% less
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Tata AIA Life Insurance Associate Salary

1 - 6 years exp. (10 salaries)

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₹1.3 L/yr - ₹4.4 L/yr

arrow icon 23% more
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₹1.8 L/yr - ₹7 L/yr

arrow icon 54% more
Logo
Bharti AXA Life Insurance Associate Salary

2 - 6 years exp. (20 salaries)

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₹1.4 L/yr - ₹3.7 L/yr

arrow icon 26% more
Logo
PNB MetLife Associate Salary

0 - 5 years exp. (7 salaries)

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₹1.1 L/yr - ₹4.3 L/yr

arrow icon 6% more
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HDFC Ergo General Insurance Associate Salary

1 - 8 years exp. (204 salaries)

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₹1.8 L/yr - ₹5.2 L/yr

arrow icon 48% more
View all
Associate salary at SBI Life Insurance Company ranges between ₹1 Lakh to ₹4.2 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 236 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Associate

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Experience wise SBI Life Insurance Company Associate salaries

Last Updated: 10 Mar 2025

Experience Avg Annual Salary
1 year  (47 salaries)

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₹1 L/yr - ₹3.2 L/yr
2 years  (50 salaries)

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₹1 L/yr - ₹3.8 L/yr
3 years  (48 salaries)

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₹1.2 L/yr - ₹3.9 L/yr
4 years  (39 salaries)

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₹1.3 L/yr - ₹4.2 L/yr
5 years  (30 salaries)

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₹1.5 L/yr - ₹4.2 L/yr
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SBI Life Insurance Company Associate Salary and Career Growth

From

To

Associate

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1 - 6 years exp.

Zonal Area Manager

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14 - 21 years exp.

Associate

1 - 6 years exp.
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Senior Associate

0 - 11 years exp.
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arrow icon 64% hike

BDM

2 - 10 years exp.
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arrow icon 7% hike
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

Senior Associate Salary
(540 salaries)
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₹2 L/yr - ₹6.75 L/yr
Team Lead Salary
(15 salaries)
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₹2.3 L/yr - ₹6 L/yr
Technical Lead Salary
(AmbitionBox Estimate)
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₹3.9 L/yr - ₹4.9 L/yr
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₹1.2 L/yr - ₹3 L/yr
Web Developer Salary
(5 salaries)
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₹1.8 L/yr - ₹4 L/yr
System Engineer Salary
(AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr
Java Developer Salary
(3 salaries)
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₹3 L/yr - ₹5.2 L/yr
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₹4.25 L/yr - ₹10 L/yr
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₹13 L/yr - ₹33 L/yr
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₹6.5 L/yr - ₹8.5 L/yr
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Salary related reviews for SBI Life Insurance Company

3.2

Rated by 124 employees for salary & benefits

Full Time

 · 

Other Department

3.0
  •  posted on 21 Nov 2024

5.0
 for  Salary and Benefits

Likes

Very good company. I am developing my skills and knowledge every moment. Salary and benifits is very good asa well as SBI Life think for there employee.

read more
  • Salary - Excellent
  • +5 more

Dislikes

Work timings is very dis satisfied. We can not balanced Wrok and personal life timings for there office timings.

  • Work-life balance - Bad

BFSI, Investments & Trading Department

4.0
  •  posted on 26 Apr 2022

3.0
 for  Salary and Benefits

Likes

...r service,etc.. In my opinion Company policies, culture, job security is Good.. Company provide huge salary and bonus in every year..

read more
  • Skill development - Good
  • +3 more

Dislikes

I have only one dislike about the company, Now the Company will not appoint any off roll staff to on roll.. Even if they were more brilliant and efficient person..

read more
  • Promotions - Poor

Finance & Accounting Department

3.0
  •  posted on 08 Mar 2022

3.0
 for  Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management is transparent. There scope for growth.

  • Job security - Excellent

Dislikes

There is a lot of politics and the management dosen't address our issue. Salary is not up to the mark but career growth is very slow.

read more
  • Promotions - Poor
  • +2 more

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.

read more
  • 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

read more
  • Work satisfaction - Poor
  • +2 more

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

read more
see more salary related reviews

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SBI Life Insurance Company Associate Salary FAQs

What is the salary of Associate at SBI Life Insurance Company?
Associate salary at SBI Life Insurance Company in India ranges between ₹1.0 Lakhs to ₹4.2 Lakhs for experience between 1 years to 6 years. According to our estimates it is 66% less than the average Associate Salary in India. Salary estimates are based on 236 latest salaries received from various employees of SBI Life Insurance Company India.
How does the salary of a Associate at SBI Life Insurance Company India compare with the average salary range for this job?
The average salary of a Associate at SBI Life Insurance Company is 66% less than the average salary of a Associate in India. To know exact salary insights, login to view.
Which similar companies are paying more than SBI Life Insurance Company to a Associate in India?
  • Principal Global Services Associate Salary - ₹6.0 Lakhs to ₹11.8 Lakhs per year
  • The New India Assurance Co. Associate Salary - ₹2.3 Lakhs to ₹8.5 Lakhs per year
  • Marsh Associate Salary - ₹3.0 Lakhs to ₹6.9 Lakhs per year
  • Reliance Nippon Life Insurance Associate Salary - ₹1.8 Lakhs to ₹7.0 Lakhs per year
  • Allianz Associate Salary - ₹2.2 Lakhs to ₹4.5 Lakhs per year
What is the salary of a Associate in companies similar to SBI Life Insurance Company in India?
  • MetLife Associate Salary - ₹1.8 Lakhs to ₹6.2 Lakhs per year
  • HDFC Ergo General Insurance Associate Salary - ₹1.8 Lakhs to ₹5.2 Lakhs per year
  • Bajaj Allianz Life Insurance Associate Salary - ₹3.5 Lakhs to ₹4.1 Lakhs per year
  • ICICI Prudential Life Insurance Associate Salary - ₹1.7 Lakhs to ₹4.3 Lakhs per year
  • AXA Associate Salary - ₹2.5 Lakhs to ₹3.5 Lakhs per year
What is the estimated take home salary of a Associate at SBI Life Insurance Company in India?
The estimated take-home salary of a Associate at SBI Life Insurance Company ranges between ₹17,953 per month to ₹19,646 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Associate salary in India which ranges between ₹1.0 Lakhs to ₹4.2 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?
What is the notice period for Associate at SBI Life Insurance Company?
According to AmbitionBox, 35% of the SBI Life Insurance Company Associates reported a notice period of 15 days or less, 31% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 273 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Associate salary in India ranges between ₹1 Lakh to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 236 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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