SBI Life Insurance Company Channel Sales Manager Salaries by 2 Employees

8 - 14 years exp.

₹5.4 Lakhs - ₹6.9 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Last Updated: 16 Mar 2023

Companies similar to SBI Life Insurance Company for Channel Sales Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Channel Sales Manager Salary 1 - 8 years exp. (59 salaries)	₹2.4 L/yr - ₹4.1 L/yr 49% less
HDFC Life Channel Sales Manager Salary 9 - 14 years exp. (9 salaries)	₹3.5 L/yr - ₹10.5 L/yr 19% more
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Tata AIA Life Insurance Channel Sales Manager Salary 1 - 6 years exp. (8 salaries)	₹3.1 L/yr - ₹5 L/yr 42% less
ICICI Lombard General Insurance Company Channel Sales Manager Salary 4 - 12 years exp. (7 salaries)	₹3.3 L/yr - ₹8.3 L/yr 6% less
Aditya Birla Health Insurance Co Channel Sales Manager Salary 3 - 7 years exp. (6 salaries)	₹3 L/yr - ₹4.5 L/yr 39% less
Bajaj Allianz Life Insurance Channel Sales Manager Salary 0 - 13 years exp. (5 salaries)	₹2.7 L/yr - ₹7 L/yr 33% less
Axis Max Life Insurance Channel Sales Manager Salary 0 - 12 years exp. (4 salaries)	₹2.2 L/yr - ₹12.5 L/yr 2% more
Bajaj Allianz General Insurance Channel Sales Manager Salary 3 - 12 years exp. (4 salaries)	₹2.6 L/yr - ₹5.8 L/yr 22% less
Kotak Mahindara Life Insurance Channel Sales Manager Salary 3 - 7 years exp. (4 salaries)	₹3.8 L/yr - ₹8.2 L/yr 10% less
Shriram Life Insurance Channel Sales Manager Salary 3 - 6 years exp. (3 salaries)	₹2.3 L/yr - ₹2.9 L/yr 60% less
PNB MetLife Channel Sales Manager Salary 4 - 15 years exp. (3 salaries)	₹2.8 L/yr - ₹7.8 L/yr 1% less
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Star Health & Allied Insurance Channel Sales Manager Salary 4 - 6 years exp. (3 salaries)	₹2.4 L/yr - ₹5 L/yr 44% less
AIG Channel Sales Manager Salary 0 - 7 years exp. (3 salaries)	₹3.8 L/yr - ₹4.4 L/yr 34% less

Channel Sales Manager salary at SBI Life Insurance Company ranges between ₹5.4 Lakhs to ₹6.9 Lakhs per year for employees with experience between 8 years to 14 years. Salary estimates are based on 2 latest salaries received from various employees of SBI Life Insurance Company.

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Salary related reviews for SBI Life Insurance Company

Business Development Manager in Deoghar

Full Time

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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

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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.

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Area Sales Manager in Vijayawada

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• posted on 05 Aug 2023

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

Salary - Excellent

+6 more

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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.

Business Development Executive in Gangtok

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

Job security - Poor

Senior Business Development Executive in Ongole

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BFSI, Investments & Trading Department

2.0

• posted on 09 Jun 2023

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Likes

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

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

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Business Development Manager in Rajkot

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• posted on 01 Feb 2023

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Company culture is very bad only pressure nothing or

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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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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SBI Life Insurance Company Channel Sales Manager Salary FAQs

How the salary growth look like for a Channel Sales Manager at SBI Life Insurance Company in India?

The salary growth for a Channel Sales Manager at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a Channel Sales Manager can expect the following growth trajectory at SBI Life Insurance Company:

Experience	Average Salary Range
8 years	₹5.2 Lakhs to ₹6.6 Lakhs per year
14 years	₹5.6 Lakhs to ₹7.2 Lakhs per year

and so on.

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SBI Life Insurance Company Channel Sales Manager Salaries

SBI Life Insurance Company Channel Sales Manager salary in India ranges between ₹5.4 Lakhs to ₹6.9 Lakhs. This is an estimate based on latest salaries received from employees of SBI Life Insurance Company.