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SBI Life Insurance Company Business Manager salaries in India

Annual salary range
5 - 16 years exp.
₹4.4 Lakhs - ₹8.5 Lakhs
Salary of majority employees
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41% less than the average Business Manager Salary in Insurance Companies for 5 - 16 years of experience

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Salaries in different departments

Sales & Business Development
Business Manager Salary
5 - 16 years exp. (9 salaries)
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₹5.1 L/yr - ₹7.5 L/yr

BFSI, Investments & Trading
Business Manager Salary
6 - 9 years exp. (8 salaries)
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₹5.5 L/yr - ₹7 L/yr

Marketing & Communication
Business Manager Salary
6 - 16 years exp. (6 salaries)
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₹4.4 L/yr - ₹6.6 L/yr

Last Updated: 15 Dec 2024

Companies similar to SBI Life Insurance Company for Business Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Business Manager Salary

3 - 13 years exp. (10 salaries)

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₹2.4 L/yr - ₹8.1 L/yr

arrow icon 32% less
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₹3.1 L/yr - ₹4 L/yr

arrow icon 43% less
Logo
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₹3.1 L/yr - ₹6.4 L/yr

arrow icon 34% less
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₹4.5 L/yr - ₹6 L/yr

arrow icon 32% less
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Tata AIA Life Insurance Business Manager Salary

4 - 17 years exp. (18 salaries)

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₹6.5 L/yr - ₹10.6 L/yr

arrow icon 31% more
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₹3.4 L/yr - ₹6.2 L/yr

arrow icon 26% less
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₹2.2 L/yr - ₹4 L/yr

arrow icon 55% less
1 job opening
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PNB MetLife Business Manager Salary

3 - 14 years exp. (7 salaries)

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₹3.5 L/yr - ₹7.5 L/yr

arrow icon 14% less
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₹2.2 L/yr - ₹5 L/yr

arrow icon 42% less
1 job opening
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₹2.3 L/yr - ₹10 L/yr

arrow icon 23% less
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₹3.9 L/yr - ₹6.3 L/yr

arrow icon 30% less
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SBI General Insurance Business Manager Salary

6 - 14 years exp. (5 salaries)

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₹4 L/yr - ₹15.1 L/yr

arrow icon 31% more
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₹1 L/yr - ₹5.8 L/yr

arrow icon 61% less
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₹7.9 L/yr - ₹8.3 L/yr

arrow icon 19% more
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₹3.9 L/yr - ₹15 L/yr

arrow icon 45% more
Business Manager salary at SBI Life Insurance Company ranges between ₹4.4 Lakhs to ₹8.5 Lakhs per year for employees with experience between 5 years to 16 years. Salary estimates are based on 29 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Business Manager

2mo ago
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6 years exp.
5mo ago
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9 years exp.
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7 years exp.
8mo ago
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5 years exp.
11mo ago
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16 years exp.
11mo ago
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6 years exp.
1y ago
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9 years exp.
1y ago
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16 years exp.
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8 years exp.
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12 years exp.

Experience wise SBI Life Insurance Company Business Manager salaries

Last Updated: 15 Dec 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹11.8 L/yr
6 years  (5 salaries)

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₹4.3 L/yr - ₹11.9 L/yr
7 years  (3 salaries)

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₹4.5 L/yr - ₹11.9 L/yr
8 years  (3 salaries)

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₹5.5 L/yr - ₹7 L/yr
9 years  (4 salaries)

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₹5.5 L/yr - ₹7 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

Area Business Manager Salary
(AmbitionBox Estimate)
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₹6.6 L/yr - ₹8.4 L/yr
Branch Manager Salary
(169 salaries)
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₹6.5 L/yr - ₹15.7 L/yr
Sales Manager Salary
(84 salaries)
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₹1.2 L/yr - ₹5.6 L/yr
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₹30 L/yr - ₹39.09 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹7.7 L/yr - ₹9.8 L/yr
Area Manager Salary
(222 salaries)
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₹4.6 L/yr - ₹14.21 L/yr
Deputy Manager Salary
(38 salaries)
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₹2.5 L/yr - ₹10 L/yr
Territory Manager Salary
(100 salaries)
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₹4 L/yr - ₹7 L/yr
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₹3.75 L/yr - ₹13.5 L/yr
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₹4.12 L/yr - ₹17 L/yr

Top skills at SBI Life Insurance Company for Business Manager

Business Development Business Management Digital Marketing
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Salary related reviews for SBI Life Insurance Company

4.2

Rated by 10 employees for salary & benefits

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

5.0
  •  posted on 05 Aug 2023

5.0
 for  Salary and Benefits

Likes

I am so Proud to say Working this organisation last 4years. i got a two promotions last two years.

  • Salary - Excellent
  • +6 more

Dislikes

I expecting Long time Vintage Employes Expect Minimum Salary hike. because Now a days out side companies giving a more salary hikes Vintage persons so Our Company giving a minimum hikes of Vintage Employes it will so benefit and no one live Our Company.

read more

Full Time

 · 

Marketing & Communication Department

4.0
  •  posted on 13 Sep 2023

5.0
 for  Salary and Benefits

Likes

very good company with good oppurtunities and good pay

  • Salary - Excellent
  • +4 more

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

read more
  • Job security - 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
see more salary related reviews

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SBI Life Insurance Company Business Manager Salary FAQs

What is the salary of Business Manager at SBI Life Insurance Company?
Business Manager salary at SBI Life Insurance Company in India ranges between ₹4.4 Lakhs to ₹8.5 Lakhs for experience between 5 years to 16 years. According to our estimates it is 41% less than the average Business Manager Salary in India. Salary estimates are based on 29 latest salaries received from various employees of SBI Life Insurance Company India.
How does the salary of a Business Manager at SBI Life Insurance Company India compare with the average salary range for this job?
The average salary of a Business Manager at SBI Life Insurance Company is 41% less than the average salary of a Business Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Business Manager at SBI Life Insurance Company?
Business Development, Business Management and Digital Marketing are some of the popular skills required to work as a Business Manager at SBI Life Insurance Company India.
Which similar companies are paying more than SBI Life Insurance Company to a Business Manager in India?
  • HDFC Ergo General Insurance Business Manager Salary - ₹3.9 Lakhs to ₹15.0 Lakhs per year
  • SBI General Insurance Business Manager Salary - ₹4.0 Lakhs to ₹15.1 Lakhs per year
  • Tata AIA Life Insurance Business Manager Salary - ₹6.5 Lakhs to ₹10.6 Lakhs per year
  • Aditya Birla Sun Life Insurance Business Manager Salary - ₹7.9 Lakhs to ₹8.3 Lakhs per year
What is the salary of a Business Manager in companies similar to SBI Life Insurance Company in India?
  • PNB MetLife Business Manager Salary - ₹3.5 Lakhs to ₹7.5 Lakhs per year
  • ICICI Lombard General Insurance Company Business Manager Salary - ₹2.3 Lakhs to ₹10.0 Lakhs per year
  • Kotak Mahindara Life Insurance Business Manager Salary - ₹3.4 Lakhs to ₹6.2 Lakhs per year
  • Bajaj Allianz General Insurance Business Manager Salary - ₹3.9 Lakhs to ₹6.3 Lakhs per year
  • Bajaj Allianz Life Insurance Business Manager Salary - ₹4.5 Lakhs to ₹6.0 Lakhs per year
What is the estimated take home salary of a Business Manager at SBI Life Insurance Company in India?
The estimated take-home salary of a Business Manager at SBI Life Insurance Company ranges between ₹50,752 per month to ₹51,949 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Business Manager salary in India which ranges between ₹4.4 Lakhs to ₹8.5 Lakhs per year for employees with experience between 5 years to 16 years. Check how did we calculate take home salary?
What is the notice period for Business Manager at SBI Life Insurance Company?
According to AmbitionBox, 38% of the SBI Life Insurance Company Business Managers reported a notice period of 1 Month, 36% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 39 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Business Manager salary in India ranges between ₹4.4 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 29 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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