SBI Life Insurance Company Banking Officer Salaries by 10 Employees (Updated 2024)

0 - 8 years exp.

₹1 Lakh - ₹7.1 Lakhs

Low Confidence

Salary of majority employees

16% less than the average Banking Officer Salary in Insurance Companies for 0 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Banking Officer Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹1 L/yr - ₹3.5 L/yr
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Customer Success, Service & Operations Banking Officer Salary 2 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹4 L/yr

Last Updated: 14 Dec 2024

Companies similar to SBI Life Insurance Company for Banking Officer

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Banking Officer Salary 1 - 7 years exp. (10 salaries)	₹2.7 L/yr - ₹3.6 L/yr 5% less
HDFC Life Banking Officer Salary 1 - 6 years exp. (5 salaries)	₹3.3 L/yr - ₹4.5 L/yr 6% more
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Max Life Insurance Banking Officer Salary 1 - 6 years exp. (4 salaries)	₹2.4 L/yr - ₹3.3 L/yr 4% less
Bajaj Allianz Life Insurance Banking Officer Salary 2 - 4 years exp. (4 salaries)	₹2.3 L/yr - ₹3.3 L/yr 13% less
Kotak Mahindara Life Insurance Banking Officer Salary 0 - 2 years exp. (4 salaries)	₹0.4 L/yr - ₹8 L/yr 8% less
Reliance Nippon Life Insurance Banking Officer Salary 3 - 6 years exp. (4 salaries)	₹2.4 L/yr - ₹2.6 L/yr 27% less
Tata AIA Life Insurance Banking Officer Salary 0 - 7 years exp. (5 salaries)	₹2.6 L/yr - ₹4.5 L/yr 5% less
Life Insurance Corporation of India Banking Officer Salary 0 - 8 years exp. (4 salaries)	₹2.9 L/yr - ₹5 L/yr 20% more
ICICI Lombard General Insurance Company Banking Officer Salary 0 - 8 years exp. (6 salaries)	₹1.9 L/yr - ₹4.5 L/yr 10% less
SBI General Insurance Banking Officer Salary 1 - 2 years exp. (4 salaries)	₹1.4 L/yr - ₹3.1 L/yr 23% less

Banking Officer salary at SBI Life Insurance Company ranges between ₹1 Lakh to ₹7.1 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 10 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Banking Officer salaries

Last Updated: 14 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1 L/yr - ₹5.6 L/yr
1 year (3 salaries)	₹1 L/yr - ₹5.7 L/yr
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2 years (AmbitionBox Estimate)	₹1 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹5.3 L/yr
7 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
8 years (AmbitionBox Estimate)	₹3 L/yr - ₹6 L/yr

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Similar Designation salaries in SBI Life Insurance Company

Accounts Officer Salary

(AmbitionBox Estimate)

₹475 L/yr - ₹525 L/yr

Management Trainee Salary

(34 salaries)

₹5.25 L/yr - ₹14.9 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Deputy Manager Salary

(39 salaries)

₹2.4 L/yr - ₹8.5 L/yr

Senior Associate Salary

(545 salaries)

₹2 L/yr - ₹6.75 L/yr

Financial Analyst Salary

(6 salaries)

₹2 L/yr - ₹7.8 L/yr

Finance Executive Salary

(5 salaries)

₹1.2 L/yr - ₹5.5 L/yr

Accountant Salary

(AmbitionBox Estimate)

₹4.7 L/yr - ₹6 L/yr

Analyst Salary

(4 salaries)

₹4.2 L/yr - ₹7.95 L/yr

Team Lead Salary

(12 salaries)

₹2.3 L/yr - ₹4.8 L/yr

Salary related reviews for SBI Life Insurance Company

1.4

Rated by 2 employees for salary & benefits

Management Trainee in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 02 Nov 2023

4.0

for Salary and Benefits

Likes

Salary and benefits are supportive.

Dislikes

No work life balance. The sales team pushes things like hell specially in the eastern region of the country. Third Saturday is a leave according to the company's leave policies but we don't get that leave.

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.

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is very slow

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

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

Senior Associate in Sultanpur

BFSI, Investments & Trading Department

5.0

• posted on 29 Oct 2020

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 salary hike and bonus every year.

Head Human Resources in New Delhi

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 02 Dec 2024

2.0

for Salary and Benefits

Likes

Hr policy is very good of sbi life but Regional HR is Doll of Regional Director and Regional. Sbi life is a good Company like Government job for Back office employees like sales support, Operations department, Account Department, L&D Department and all Non Sales Employees. For Sales person QVP is Good if you have Good Branches and CIF

Dislikes

...e those persons who are working in other companies and switching multiple times. A New Employee can get salary more then those employees who are working here from last 8 Year. Due to state bank sbi life is working other there is no respect of sbi life. Promotion norm is very hard, Increment norms is very bed. Over all this company is only for Lucky person like if you got a great cif or branches a temporary staff can do business. Over all this is very bed company for sales person due to QVP people stay here if Company announced there is no QVP 80% of Employees will left this company.

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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SBI Life Insurance Company Banking Officer Salary FAQs

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

Banking Officer salary at SBI Life Insurance Company in India ranges between ₹1.0 Lakhs to ₹7.1 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 16% less than the average Banking Officer Salary in India. Salary estimates are based on 10 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Banking Officer at SBI Life Insurance Company is 16% less than the average salary of a Banking Officer in India. To know exact salary insights, login to view.

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

Life Insurance Corporation of India Banking Officer Salary - ₹2.9 Lakhs to ₹5.0 Lakhs per year
HDFC Life Banking Officer Salary - ₹3.3 Lakhs to ₹4.5 Lakhs per year

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

Max Life Insurance Banking Officer Salary - ₹2.4 Lakhs to ₹3.3 Lakhs per year
ICICI Prudential Life Insurance Banking Officer Salary - ₹2.7 Lakhs to ₹3.6 Lakhs per year
Tata AIA Life Insurance Banking Officer Salary - ₹2.6 Lakhs to ₹4.5 Lakhs per year
Kotak Mahindara Life Insurance Banking Officer Salary - ₹0.4 Lakhs to ₹8.0 Lakhs per year
ICICI Lombard General Insurance Company Banking Officer Salary - ₹1.9 Lakhs to ₹4.5 Lakhs per year

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

The estimated take-home salary of a Banking Officer at SBI Life Insurance Company ranges between ₹24,069 per month to ₹25,521 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Banking Officer salary in India which ranges between ₹1.0 Lakhs to ₹7.1 Lakhs per year for employees with less than 1 year of experience to 8 years. Check how did we calculate take home salary?

What is the notice period for Banking Officer at SBI Life Insurance Company?

According to AmbitionBox, 33% of the SBI Life Insurance Company Banking Officers reported a notice period of 1 Month, 29% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 21 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Banking Officer Salaries

SBI Life Insurance Company Banking Officer salary in India ranges between ₹1 Lakh to ₹7.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Banking Officer salaries in India

Companies similar to SBI Life Insurance Company for Banking Officer

Latest annual salaries shared by SBI Life Insurance Company Banking Officer

Experience wise SBI Life Insurance Company Banking Officer salaries

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Management Trainee in Kolkata

Senior Associate in New Delhi

Senior Associate in Jaipur

Senior Associate in Sultanpur

Head Human Resources in New Delhi

SBI Life Insurance Company Banking Officer Salary FAQs

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