SBI Life Insurance Company Bancassurance Officer Salaries by 5 Employees (Updated 2025)

1 - 7 years exp.

₹2.6 Lakhs - ₹4 Lakhs

Low Confidence

Salary of majority employees

18% more than the average Bancassurance Officer Salary in Insurance Companies for 1 - 7 years of experience

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Last Updated: 2 Sep 2023

Companies similar to SBI Life Insurance Company for Bancassurance Officer

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Bancassurance Officer Salary 1 - 5 years exp. (19 salaries)	₹1.5 L/yr - ₹4.5 L/yr 17% less
HDFC Life Bancassurance Officer Salary 0 - 5 years exp. (65 salaries)	₹1.5 L/yr - ₹4.5 L/yr 15% less
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Max Life Insurance Bancassurance Officer Salary 1 - 5 years exp. (21 salaries)	₹2.1 L/yr - ₹4 L/yr 20% less
Bajaj Allianz Life Insurance Bancassurance Officer Salary 1 - 5 years exp. (10 salaries)	₹2.3 L/yr - ₹3.3 L/yr 19% less
Kotak Mahindara Life Insurance Bancassurance Officer Salary 1 - 7 years exp. (4 salaries)	₹2.7 L/yr - ₹4.5 L/yr 7% more
Tata AIA Life Insurance Bancassurance Officer Salary 0 - 5 years exp. (70 salaries)	₹2.1 L/yr - ₹3.5 L/yr 19% less
Aditya Birla Sun Life Insurance Bancassurance Officer Salary 0 - 5 years exp. (13 salaries)	₹2.3 L/yr - ₹4 L/yr 7% less
PNB MetLife Bancassurance Officer Salary 0 - 5 years exp. (6 salaries)	₹3 L/yr - ₹4.3 L/yr 7% less
Life Insurance Corporation of India Bancassurance Officer Salary 2 - 11 years exp. (4 salaries)	₹2.2 L/yr - ₹3 L/yr 26% less
HDFC Ergo General Insurance Bancassurance Officer Salary 3 - 5 years exp. (11 salaries)	₹2.6 L/yr - ₹4.3 L/yr 2% less
ICICI Lombard General Insurance Company Bancassurance Officer Salary 1 - 6 years exp. (6 salaries)	₹3 L/yr - ₹3.6 L/yr 3% less
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Bajaj Allianz General Insurance Bancassurance Officer Salary 1 - 2 years exp. (4 salaries)	₹1.2 L/yr - ₹3 L/yr 33% less
Shriram Life Insurance Bancassurance Officer Salary 3 - 5 years exp. (3 salaries)	₹1.8 L/yr - ₹2.3 L/yr 41% less
SBI General Insurance Bancassurance Officer Salary 2 - 3 years exp. (3 salaries)	₹2 L/yr - ₹3.8 L/yr 25% less

Bancassurance Officer salary at SBI Life Insurance Company ranges between ₹2.6 Lakhs to ₹4 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Bancassurance Officer salaries

Last Updated: 2 Sep 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.6 L/yr - ₹3 L/yr
2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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3 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Bancassurance Manager Salary

(9 salaries)

₹3 L/yr - ₹5 L/yr

Relationship Officer Salary

(6 salaries)

₹2.4 L/yr - ₹3.8 L/yr

Business Sales Manager Salary

(3 salaries)

₹4.1 L/yr - ₹5 L/yr

Executive Trainee Salary

(7 salaries)

₹3 L/yr - ₹3.75 L/yr

Sales Manager Salary

(84 salaries)

₹1.2 L/yr - ₹5.6 L/yr

Area Manager Salary

(222 salaries)

₹4.6 L/yr - ₹14.21 L/yr

Cluster Manager Salary

(5 salaries)

₹3.5 L/yr - ₹5.25 L/yr

Associate Sales Manager Salary

(4 salaries)

₹3.1 L/yr - ₹3.75 L/yr

Relationship Manager Salary

(50 salaries)

₹2.5 L/yr - ₹6 L/yr

Deputy Manager Salary

(38 salaries)

₹2.5 L/yr - ₹10 L/yr

Salary related reviews for SBI Life Insurance Company

Senior Business Development Executive in Ongole

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Jun 2023

2.0

for Salary and Benefits

Likes

No positive to tell company not good salary not good supporting staff.

Dislikes

Treating very cheap to front line employees(Field workers).and also no support to superior s.. always blamed for front line employees.

Salary - Poor

+4 more

Business Development Manager in Rajkot

Full Time

Sales & Business Development Department

3.0

• posted on 01 Feb 2023

2.0

for Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

Official working days me bhi office bulate hain aur bill pay nahi karte hain personal life jaish kuchh nahi rehta hain aur morning 7:00am zoom start kar dete hain

Salary - Poor

+6 more

Senior Business Development Manager in Katni

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 20 Apr 2022

2.0

for Salary and Benefits

Likes

Best brand in insurance sector..well known..

Skill development - Good

+4 more

Dislikes

Salary is low as per targets given by company..incentives are good but company has to think for good salary as well.. Products is not up to the mark as per market competition.

Salary - Poor

Business Development Manager in Jaipur

Full Time

Sels Department

5.0

• posted on 12 Apr 2021

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 good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Business Development Manager in Work Form Bank And Field

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 25 Sep 2023

1.0

for Salary and Benefits

Likes

Only Job Security,

Job security - Good

Dislikes

...hear from long time. Only due to not get any increment I have left the job..... You will hire new persons on higher package but you won't retain ur old employes on giving them some litter bit hike or increment. My humble request to you that plz take care of your old employes who are working on lower package or CTC, from long time...plz don't force them to leave the job due to lower Package... And plz start Rehiring. Lots of old employes are ready to work with sbilife Again.🙏

Salary - Bad

+3 more

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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 Bancassurance Officer Salary FAQs

What is the salary of Bancassurance Officer at SBI Life Insurance Company?

Bancassurance Officer salary at SBI Life Insurance Company in India ranges between ₹2.6 Lakhs to ₹4.0 Lakhs for experience between 1 years to 7 years. According to our estimates it is 18% more than the average Bancassurance Officer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company India.

How does the salary of a Bancassurance Officer at SBI Life Insurance Company India compare with the average salary range for this job?

The average salary of a Bancassurance Officer at SBI Life Insurance Company is 18% more than the average salary of a Bancassurance Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Bancassurance Officer in India?

Kotak Mahindara Life Insurance Bancassurance Officer Salary - ₹2.7 Lakhs to ₹4.5 Lakhs per year

What is the salary of a Bancassurance Officer in companies similar to SBI Life Insurance Company in India?

HDFC Ergo General Insurance Bancassurance Officer Salary - ₹2.6 Lakhs to ₹4.3 Lakhs per year
ICICI Lombard General Insurance Company Bancassurance Officer Salary - ₹3.0 Lakhs to ₹3.6 Lakhs per year
Aditya Birla Sun Life Insurance Bancassurance Officer Salary - ₹2.3 Lakhs to ₹4.0 Lakhs per year
PNB MetLife Bancassurance Officer Salary - ₹3.0 Lakhs to ₹4.3 Lakhs per year
HDFC Life Bancassurance Officer Salary - ₹1.5 Lakhs to ₹4.5 Lakhs per year

What is the estimated take home salary of a Bancassurance Officer at SBI Life Insurance Company in India?

The estimated take-home salary of a Bancassurance Officer at SBI Life Insurance Company ranges between ₹24,559 per month to ₹26,004 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Bancassurance Officer salary in India which ranges between ₹2.6 Lakhs to ₹4.0 Lakhs per year for employees with experience between 1 years to 7 years. Check how did we calculate take home salary?

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SBI Life Insurance Company Bancassurance Officer Salaries

SBI Life Insurance Company Bancassurance Officer salary in India ranges between ₹2.6 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Bancassurance Officer salaries in India

Companies similar to SBI Life Insurance Company for Bancassurance Officer

Latest annual salaries shared by SBI Life Insurance Company Bancassurance Officer

Experience wise SBI Life Insurance Company Bancassurance Officer salaries

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Senior Business Development Executive in Ongole

Business Development Manager in Rajkot

Senior Business Development Manager in Katni

Business Development Manager in Jaipur

Business Development Manager in Work Form Bank And Field

SBI Life Insurance Company Bancassurance Officer Salary FAQs

Tell us how to improve this page.