SBI Life Insurance Company Mumbai Associate Salaries by 20+ Employees (Updated 2025)

1 - 6 years exp.

₹1.1 Lakh - ₹4 Lakhs

Salary of majority employees

68% 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. (8 salaries)	₹1.1 L/yr - ₹3.3 L/yr
Human Resources Associate Salary 1 - 3 years exp. (6 salaries)	₹1.6 L/yr - ₹3.4 L/yr
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BFSI, Investments & Trading Associate Salary 3 - 5 years exp. (5 salaries)	₹2 L/yr - ₹3.2 L/yr
Marketing & Communication Associate Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹1.7 L/yr - ₹3.1 L/yr
Finance & Accounting Associate Salary 4 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹4 L/yr

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Last Updated: 22 Feb 2025

Companies similar to SBI Life Insurance Company for Associate in Mumbai

SBI Life Insurance Company Associate Salary

1 - 6 years exp. (26 salaries)

₹1.1 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Associate Salary 0 - 7 years exp. (138 salaries)	₹1.7 L/yr - ₹4 L/yr 32% more
HDFC Life Associate Salary 0 - 4 years exp. (127 salaries)	₹1.1 L/yr - ₹3.3 L/yr 22% less
Login to view exact salary
Axis Max Life Insurance Associate Salary 3 - 5 years exp. (3 salaries)	₹2.2 L/yr - ₹3.5 L/yr 18% more	2 job openings
Kotak Mahindara Life Insurance Associate Salary 1 - 7 years exp. (27 salaries)	₹1.3 L/yr - ₹2.6 L/yr 19% less
Tata AIA Life Insurance Associate Salary 1 - 6 years exp. (5 salaries)	₹2 L/yr - ₹4.4 L/yr 32% more
Bharti AXA Life Insurance Associate Salary 2 - 5 years exp. (6 salaries)	₹1.4 L/yr - ₹3.7 L/yr 24% more
HDFC Ergo General Insurance Associate Salary 1 - 8 years exp. (58 salaries)	₹1.8 L/yr - ₹5.2 L/yr 51% more
Aditya Birla Health Insurance Co Associate Salary 1 - 6 years exp. (32 salaries)	₹1.8 L/yr - ₹4 L/yr 18% more
ICICI Lombard General Insurance Company Associate Salary 0 - 6 years exp. (20 salaries)	₹1.1 L/yr - ₹3.3 L/yr 2% less
Aditya Birla Sun Life Insurance Associate Salary 1 - 5 years exp. (12 salaries)	₹1.7 L/yr - ₹3 L/yr At par

Associate salary at SBI Life Insurance Company ranges between ₹1.1 Lakh to ₹4 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 26 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Associate salaries in Mumbai

Last Updated: 22 Feb 2025

Experience	Avg Annual Salary
1 year (7 salaries)	₹1.1 L/yr - ₹2.7 L/yr
2 years (3 salaries)	₹1.8 L/yr - ₹2.8 L/yr
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3 years (9 salaries)	₹1.6 L/yr - ₹3.4 L/yr
4 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹4 L/yr
5 years (3 salaries)	₹2.4 L/yr - ₹5.1 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.3 L/yr

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From

Associate

₹

Lakhs/yr

1 - 6 years exp.

Zonal Area Manager

₹

Lakhs/yr

12 - 21 years exp.

Associate 1 - 6 years exp.

Senior Associate 0 - 11 years exp.

63% hike

BDM 2 - 10 years exp.

6% hike

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Salary related reviews for SBI Life Insurance Company

3.8

Rated by 3 employees for salary & benefits

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 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 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

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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SBI Life Insurance Company Associate Salary FAQs

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

Associate salary at SBI Life Insurance Company in Mumbai ranges between ₹1.1 Lakhs to ₹4.0 Lakhs for experience between 1 years to 6 years. According to our estimates it is 68% less than the average Associate Salary in India. Salary estimates are based on 26 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

How does the salary of a Associate at SBI Life Insurance Company Mumbai compare with the average salary range for this job?

The average salary of a Associate at SBI Life Insurance Company is 68% less than the average salary of a Associate in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Associate in Mumbai?

HDFC Ergo General Insurance Associate Salary - ₹1.8 Lakhs to ₹5.2 Lakhs per year
Tata AIA Life Insurance Associate Salary - ₹2.0 Lakhs to ₹4.4 Lakhs per year
ICICI Prudential Life Insurance Associate Salary - ₹1.7 Lakhs to ₹4.0 Lakhs per year
Bharti AXA Life Insurance Associate Salary - ₹1.4 Lakhs to ₹3.7 Lakhs per year
Aditya Birla Health Insurance Co Associate Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year

What is the salary of a Associate in companies similar to SBI Life Insurance Company in Mumbai?

Axis Max Life Insurance Associate Salary - ₹2.2 Lakhs to ₹3.5 Lakhs per year
Aditya Birla Sun Life Insurance Associate Salary - ₹1.7 Lakhs to ₹3.0 Lakhs per year
ICICI Lombard General Insurance Company Associate Salary - ₹1.1 Lakhs to ₹3.3 Lakhs per year
Kotak Mahindara Life Insurance Associate Salary - ₹1.3 Lakhs to ₹2.6 Lakhs per year
HDFC Life Associate Salary - ₹1.1 Lakhs to ₹3.3 Lakhs per year

What is the estimated take home salary of a Associate at SBI Life Insurance Company in Mumbai?

The estimated take-home salary of a Associate at SBI Life Insurance Company ranges between ₹18,065 per month to ₹19,757 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Associate salary in India which ranges between ₹1.1 Lakhs to ₹4.0 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 in Mumbai?

According to AmbitionBox, 42% of the SBI Life Insurance Company Associates in Mumbai reported a notice period of 15 days or less, 33% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 12 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Associate Salaries in Mumbai

SBI Life Insurance Company Associate salary in Mumbai ranges between ₹1.1 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.