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SBI Life Insurance Company Bancassurance Officer salaries in India

Annual salary range
1 - 7 years exp.
₹2.6 Lakhs - ₹4 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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20% 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
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₹2.1 L/yr - ₹3.2 L/yr

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HDFC Life Bancassurance Officer Salary

0 - 5 years exp. (65 salaries)

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₹1.5 L/yr - ₹4.5 L/yr

arrow icon 13% less
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₹2.1 L/yr - ₹4 L/yr

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₹1.5 L/yr - ₹4.5 L/yr

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₹2.3 L/yr - ₹4 L/yr

arrow icon 7% less
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₹2.6 L/yr - ₹3.6 L/yr

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₹2.3 L/yr - ₹3.3 L/yr

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₹3 L/yr - ₹3.6 L/yr

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PNB MetLife Bancassurance Officer Salary

0 - 5 years exp. (6 salaries)

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₹3 L/yr - ₹4.3 L/yr

arrow icon 7% less
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₹2.2 L/yr - ₹3 L/yr

arrow icon 26% less
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₹1.2 L/yr - ₹3 L/yr

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₹2.7 L/yr - ₹4.5 L/yr

arrow icon 7% more
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₹1.8 L/yr - ₹2.3 L/yr

arrow icon 41% less
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₹2 L/yr - ₹3.8 L/yr

arrow icon 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.

Latest annual salaries shared by SBI Life Insurance Company Bancassurance Officer

1y ago
₹2.6 Lakhs
1 year exp.
1y ago
₹4 Lakhs
7 years exp.
1y ago
₹4 Lakhs
6 years exp.
1y ago
₹3.5 Lakhs
6 years exp.

Experience wise SBI Life Insurance Company Bancassurance Officer salaries

Last Updated: 2 Sep 2023

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
2 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.4 L/yr
3 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.7 L/yr
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

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₹3 L/yr - ₹5 L/yr
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₹2.4 L/yr - ₹3.8 L/yr
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₹4.1 L/yr - ₹5 L/yr
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₹3 L/yr - ₹4.25 L/yr
Sales Manager Salary
(86 salaries)
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₹1.2 L/yr - ₹5.6 L/yr
Area Manager Salary
(246 salaries)
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₹5.4 L/yr - ₹14.5 L/yr
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₹3.5 L/yr - ₹5.25 L/yr
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₹3.1 L/yr - ₹3.75 L/yr
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₹2.5 L/yr - ₹6 L/yr
Deputy Manager Salary
(39 salaries)
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₹2.2 L/yr - ₹10 L/yr

Salary related reviews for SBI Life Insurance Company

Full Time

 · 

Marketing & Communication Department

5.0
  •  posted on 30 Jan 2025

2.0
 for  Salary and Benefits

Likes

Very good policy, good Behaviour from all senior Management.

  • Skill development - Good
  • +3 more

Dislikes

I am working from last 8 year but my salary is very low. If someone working is in other companies and they switched from there to here they are getting good CTC. If you are working in good location and if your assign branch and branch manager is good so you can get promotion but if you not working in good location or your assign branch is not good it's very deficit to get promotion.

read more
  • Salary - Poor

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.

read more
  • Salary - Poor
  • +4 more

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

read more
  • Salary - Poor
  • +6 more

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.

read more
  • Salary - Poor

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.

read more
  • 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.

read more
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SBI Life Insurance Company Bancassurance Officer Salary FAQs

What is the salary of Bancassurance Officer at SBI Life Insurance Company ?
The average salary of a Bancassurance Officer at SBI Life Insurance Company in India typically ranges from ₹2.6 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Bancassurance Officer at SBI Life Insurance Company earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Bancassurance Officer 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 5 SBI Life Insurance Company employees in India.
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 in India typically ranges from ₹24,559 to ₹26,004 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 1 year to 7 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 5 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 Bancassurance Officer in India?
Kotak Mahindara Life Insurance ₹2.7 Lakhs to ₹4.5 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.
What is the salary of a Bancassurance Officer in companies similar to SBI Life Insurance Company in India?
The salary of a Bancassurance Officer at companies similar to SBI Life Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Lombard General Insurance Company ₹3.0 Lakhs to ₹3.6 Lakhs per year
HDFC Ergo General Insurance ₹2.6 Lakhs to ₹3.6 Lakhs per year
Aditya Birla Sun Life Insurance ₹2.3 Lakhs to ₹4.0 Lakhs per year
PNB MetLife ₹3.0 Lakhs to ₹4.3 Lakhs per year
HDFC Life ₹1.5 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.
How the salary growth look like for a Bancassurance Officer at SBI Life Insurance Company in India?
The salary growth for a Bancassurance Officer at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a Bancassurance Officer can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
1 year ₹2.5 Lakhs to ₹3.2 Lakhs per year
2 years ₹2.7 Lakhs to ₹3.4 Lakhs per year
3 years ₹2.9 Lakhs to ₹3.7 Lakhs per year
4 years ₹3.0 Lakhs to ₹3.9 Lakhs per year
and so on.

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