Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary13% less than the average Bancassurance Manager Salary in Insurance Companies for 3 - 9 years of experience
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Salaries in different departments
Sales & Business Development
Bancassurance Manager Salary
3 - 8
years
exp.
(4
salaries)
|  ₹4.3 L/yr - ₹4.9 L/yr |
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| |
BFSI, Investments & Trading
Bancassurance Manager Salary
3 - 5
years
exp.
(3
salaries)
| ₹3 L/yr - ₹5 L/yr |
Companies similar to SBI Life Insurance Company for Bancassurance Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 HDFC Life Bancassurance Manager Salary
0 - 12 years exp. (1.2k salaries) | ₹3 L/yr - ₹7 L/yr 
19%
more | 4 job openings |
 Tata AIA Life Insurance Bancassurance Manager Salary
3 - 10 years exp. (126 salaries) | ₹2.5 L/yr - ₹7.3 L/yr
17%
more | |
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| ||
 Axis Max Life Insurance Bancassurance Manager Salary
2 - 10 years exp. (30 salaries) | ₹2.7 L/yr - ₹7 L/yr 
7%
less | |
 ICICI Prudential Life Insurance Bancassurance Manager Salary
0 - 10 years exp. (27 salaries) | ₹2.7 L/yr - ₹6.5 L/yr
19%
less | |
 PNB MetLife Bancassurance Manager Salary
1 - 7 years exp. (15 salaries) | ₹2.3 L/yr - ₹5 L/yr
20%
less | |
 Kotak Mahindara Life Insurance Bancassurance Manager Salary
2 - 8 years exp. (14 salaries) | ₹3.8 L/yr - ₹5.5 L/yr
10%
less | 1 job opening |
 Bajaj Allianz Life Insurance Bancassurance Manager Salary
2 - 9 years exp. (10 salaries) | ₹2.7 L/yr - ₹3.8 L/yr
25%
less | |
 Aditya Birla Sun Life Insurance Bancassurance Manager Salary
0 - 9 years exp. (9 salaries) | ₹2.5 L/yr - ₹5 L/yr
13%
less | |
 HDFC Ergo General Insurance Bancassurance Manager Salary
8 - 11 years exp. (8 salaries) | ₹7.2 L/yr - ₹9.5 L/yr
55%
more | |
 ICICI Lombard General Insurance Company Bancassurance Manager Salary
2 - 11 years exp. (7 salaries) | ₹4.2 L/yr - ₹6.3 L/yr
3%
more | |
 Aditya Birla Health Insurance Co Bancassurance Manager Salary
0 - 8 years exp. (7 salaries) | ₹3.3 L/yr - ₹4.5 L/yr
15%
less | |
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| ||
 Bajaj Allianz General Insurance Bancassurance Manager Salary
0 - 8 years exp. (6 salaries) | ₹3.2 L/yr - ₹5.3 L/yr
21%
less | |
 SBI General Insurance Bancassurance Manager Salary
6 - 11 years exp. (4 salaries) | ₹4.1 L/yr - ₹7.3 L/yr
6%
less | |
 Star Health & Allied Insurance Bancassurance Manager Salary
0 - 6 years exp. (4 salaries) | ₹3 L/yr - ₹3.5 L/yr
33%
less | |
Latest annual salaries shared by SBI Life Insurance Company Bancassurance Manager
Experience wise SBI Life Insurance Company Bancassurance Manager salaries
Last Updated: 6 Mar 2025
| Experience | Avg Annual Salary |
|---|---|
| 3 years (AmbitionBox Estimate) |
₹3
L/yr
- ₹8.3
L/yr
|
| 4 years (AmbitionBox Estimate) |
₹3
L/yr
- ₹8.3
L/yr
|
Login to view exact salary
| |
| 5 years (AmbitionBox Estimate) |
₹4.3
L/yr
- ₹5
L/yr
|
| 6 years (AmbitionBox Estimate) |
₹4.2
L/yr
- ₹5.4
L/yr
|
| 7 years (AmbitionBox Estimate) |
₹4.2
L/yr
- ₹5.4
L/yr
|
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SBI Life Insurance Company Bancassurance Manager Salary FAQs
The top 10% of Bancassurance Manager at SBI Life Insurance Company earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Bancassurance 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 9 SBI Life Insurance Company employees in India.
| HDFC Ergo General Insurance | ₹7.2 Lakhs to ₹9.5 Lakhs per year |
| HDFC Life | ₹3.0 Lakhs to ₹7.0 Lakhs per year |
| Tata AIA Life Insurance | ₹2.5 Lakhs to ₹7.3 Lakhs per year |
| ICICI Lombard General Insurance Company | ₹4.2 Lakhs to ₹6.3 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.
| SBI General Insurance | ₹4.1 Lakhs to ₹7.3 Lakhs per year |
| Axis Max Life Insurance | ₹2.7 Lakhs to ₹7.0 Lakhs per year |
| Kotak Mahindara Life Insurance | ₹3.8 Lakhs to ₹5.5 Lakhs per year |
| Aditya Birla Sun Life Insurance | ₹2.5 Lakhs to ₹5.0 Lakhs per year |
| Aditya Birla Health Insurance Co | ₹3.3 Lakhs to ₹4.5 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.
| Experience | Average Salary Range |
|---|---|
| 3 years | ₹3.0 Lakhs to ₹8.3 Lakhs per year |
| 4 years | ₹3.0 Lakhs to ₹8.3 Lakhs per year |
| 5 years | ₹4.3 Lakhs to ₹5.0 Lakhs per year |
| 6 years | ₹4.2 Lakhs to ₹5.4 Lakhs per year |
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SBI Life Insurance Company Bancassurance Manager Salaries by Location
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SBI Life Insurance Company Bancassurance Manager salary
in
India
ranges between ₹3
Lakhs to ₹5
Lakhs with an average annual salary of
₹. Salary estimates are based on
9
SBI Life Insurance Company latest salaries received from various employees of
SBI Life Insurance Company.