SBI Life Insurance Company Chennai Associate Salaries by 10+ Employees (Updated 2025)

0 - 6 years exp.

₹1 Lakh - ₹3.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

69% less than the average Associate Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations Associate Salary 0 - 5 years exp. (7 salaries)	₹1.2 L/yr - ₹3.5 L/yr
Human Resources Associate Salary 3 - 5 years exp. (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.2 L/yr
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Data Science & Analytics Associate Salary 2 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.5 L/yr
Finance & Accounting Associate Salary Fresher (AmbitionBox Estimate)	₹1.2 L/yr - ₹2.7 L/yr
Marketing & Communication Associate Salary 1 year exp. (AmbitionBox Estimate)	₹1 L/yr - ₹2.7 L/yr

Last Updated: 5 Jan 2025

Companies similar to SBI Life Insurance Company for Associate in Chennai

SBI Life Insurance Company Associate Salary

0 - 6 years exp. (18 salaries)

₹1 L/yr - ₹3.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Associate Salary 1 - 7 years exp. (21 salaries)	₹2 L/yr - ₹4.5 L/yr 72% more
ICICI Prudential Life Insurance Associate Salary 1 - 5 years exp. (14 salaries)	₹2.3 L/yr - ₹3.6 L/yr 57% more
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ICICI Lombard General Insurance Company Associate Salary 4 - 7 years exp. (4 salaries)	₹1.7 L/yr - ₹2.6 L/yr 7% more
Bajaj Allianz Life Insurance Associate Salary 2 - 4 years exp. (3 salaries)	₹3.6 L/yr - ₹4.1 L/yr 84% more
United India Insurance Company Associate Salary 3 - 6 years exp. (3 salaries)	₹2.7 L/yr - ₹3.5 L/yr 40% more

Associate salary at SBI Life Insurance Company ranges between ₹1 Lakh to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 18 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Associate in Chennai

3mo ago

₹1.5 Lakh

1 year exp.

6mo ago

₹1 Lakh

1 year exp.

10mo ago

₹1.2 Lakh

6 months exp.

10mo ago

₹2.5 Lakhs

6 years exp.

11mo ago

₹1.2 Lakh

3 years exp.

1y ago

5 years exp.

1y ago

1 year exp.

1y ago

4 years exp.

1y ago

2 months exp.

Experience wise SBI Life Insurance Company Associate salaries in Chennai

Last Updated: 5 Jan 2025

Experience	Avg Annual Salary
Fresher (4 salaries)	₹1.1 L/yr - ₹2.9 L/yr
1 year (5 salaries)	₹1 L/yr - ₹2.5 L/yr
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2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
3 years (3 salaries)	₹1.2 L/yr - ₹2.5 L/yr
4 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.9 L/yr
6 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr

View all

From

Associate

₹

Lakhs/yr

0 - 6 years exp.

Zonal Area Manager

₹

Lakhs/yr

14 - 21 years exp.

Associate

0 - 6 years exp.

Senior Associate

0 - 11 years exp.

71% hike

BDM

2 - 9 years exp.

8% 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

(22 salaries)

₹2.4 L/yr - ₹5.5 L/yr

Salary related reviews for SBI Life Insurance Company

4.7

Rated by 4 employees for salary & benefits

Associate in Bolpur, Santiniketan

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.

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

Associate in Mumbai

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..

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..

Promotions - Poor

Associate in Bangalore / Bengaluru

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.

Promotions - Poor

+2 more

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

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 Associate Salary FAQs

What is the salary of Associate at SBI Life Insurance Company in Chennai?

The average salary of a Associate at SBI Life Insurance Company in Chennai typically ranges from ₹1.0 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Associate in Chennai at SBI Life Insurance Company earn more than ₹3.4 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Associate 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 Associate at SBI Life Insurance Company in Chennai?

The estimated take-home salary of a Associate at SBI Life Insurance Company in Chennai typically ranges from ₹14,817 to ₹16,369 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher to 6 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.

Which companies offer higher salaries than SBI Life Insurance Company for Associate in India?

Bajaj Allianz Life Insurance	₹3.6 Lakhs to ₹4.1 Lakhs per year
HDFC Ergo General Insurance	₹2.0 Lakhs to ₹4.5 Lakhs per year
ICICI Prudential Life Insurance	₹2.3 Lakhs to ₹3.6 Lakhs per year
United India Insurance Company	₹2.7 Lakhs to ₹3.5 Lakhs per year
ICICI Lombard General Insurance Company	₹1.7 Lakhs to ₹2.6 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.

How the salary growth look like for a Associate at SBI Life Insurance Company in Chennai?

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

Experience	Average Salary Range
Fresher	₹1.1 Lakhs to ₹2.9 Lakhs per year
1 year	₹1.0 Lakhs to ₹2.5 Lakhs per year
2 years	₹1.8 Lakhs to ₹2.3 Lakhs per year
3 years	₹1.2 Lakhs to ₹2.5 Lakhs per year

and so on.

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SBI Life Insurance Company Associate Salaries in Chennai

SBI Life Insurance Company Associate salary in Chennai ranges between ₹1 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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

Companies similar to SBI Life Insurance Company for Associate in Chennai

Latest annual salaries shared by SBI Life Insurance Company Associate in Chennai

Experience wise SBI Life Insurance Company Associate salaries in Chennai

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Associate in Bolpur, Santiniketan

Associate in Mumbai

Associate in Bangalore / Bengaluru

Senior Associate in New Delhi

Senior Associate in Jaipur

SBI Life Insurance Company Associate Salary FAQs

Tell us how to improve this page.