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SBI Life Insurance Company

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3.8

based on 4k Reviews

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SBI Life Insurance Company Salaries in Chennai (Updated 2025)

based on 366 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Sales & Business Development Customer Success, Service & Operations Marketing & Communication + 5 more
Designation Avg Annual Salary Open Jobs

Business Development Manager

0 - 13 years exp. · Chennai (88 salaries)
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₹2.5 L/yr - ₹6.4 L/yr

Senior Associate

3 - 8 years exp. · Chennai (22 salaries)
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₹2.4 L/yr - ₹5.5 L/yr

Senior Business Development Manager

5 - 13 years exp. · Chennai (20 salaries)
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₹3.8 L/yr - ₹7.6 L/yr

Area Manager

6 - 17 years exp. · Chennai (13 salaries)
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₹6.7 L/yr - ₹13 L/yr

Starting your career? Discover SBI Life Insurance Company fresher salaries in India

Management Trainee

0 - 1 year exp. · Chennai (8 salaries)
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₹5.5 L/yr - ₹9 L/yr

Sales Executive

0 - 6 years exp. · Chennai (5 salaries)
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₹2.4 L/yr - ₹3.1 L/yr

Associate Vice President

13 - 18 years exp. · Chennai (5 salaries)
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₹15 L/yr - ₹20.9 L/yr

Sr BDM

5 - 13 years exp. · Chennai (5 salaries)
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₹4.2 L/yr - ₹6.5 L/yr

SBI Life Insurance

1 - 9 years exp. · Chennai (5 salaries)
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₹1.4 L/yr - ₹3.5 L/yr

Zonal Area Manager

14 - 21 years exp. · Chennai (5 salaries)
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₹18.5 L/yr - ₹25 L/yr

Financial Advisor

1 - 4 years exp. · Chennai (4 salaries)
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₹2 L/yr - ₹4.1 L/yr

Insurance Adviser

1 - 2 years exp. · Chennai (4 salaries)
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₹1.5 L/yr - ₹4.5 L/yr

Senior Branch Manager

15 - 22 years exp. · Chennai (4 salaries)
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₹10 L/yr - ₹14.5 L/yr

Branch Sales Manager

11 - 20 years exp. · Chennai (4 salaries)
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₹8.4 L/yr - ₹13 L/yr

Senior Area Manager

12 - 20 years exp. · Chennai (4 salaries)
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₹12.8 L/yr - ₹16.5 L/yr

Sr. BDE

3 - 8 years exp. · Chennai (4 salaries)
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₹3.5 L/yr - ₹4.4 L/yr

Sales Support Associate

0 - 2 years exp. · Chennai (4 salaries)
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₹1.2 L/yr - ₹2.2 L/yr

Sales Manager

1 - 10 years exp. · Chennai (3 salaries)
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₹2.1 L/yr - ₹4.8 L/yr

1 job opening

Process Associate

1 - 3 years exp. · Chennai (3 salaries)
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₹1.2 L/yr - ₹3.1 L/yr

Divisional Sales Manager

14 - 17 years exp. · Chennai (3 salaries)
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₹16.5 L/yr - ₹21 L/yr

Last Updated: 9 Apr, 2025

Top trending discussions

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Salary Discussions, Hike & Promotions
1w (edited)
an inside sales executive
Unexpected job policies: stay or switch?
I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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Salary related reviews for SBI Life Insurance Company

3.5

Rated by 85 employees for salary & benefits

Senior Learning And Development Manager in Chennai

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 03 Jun 2023
1.0
 for  Salary and Benefits

Likes

Excellent HR benefits like Group Mediclaim even for In-laws. Mobile bill and Broadband reimbursement.

  • Skill development - Good
    • +1 more

Dislikes

Culture , process and appraisal. Can't expect fast growth. Unmatched Salary compared to current market.

read more
  • Salary - Bad
    • +2 more

Quality Assurance Engineer in Chennai

Data Science & Analytics Department

5.0
  •  posted on 01 Apr 2021
4.0
 for  Salary and Benefits

Likes

...ude and different behave apply. It is the main Mina's point. SBI Life Insurance. Otherthings haven't permanent Salary. Outdoor duty and marketing research and visit the people I am not havituted. It is very difficult for me. Thanks ReenaRoy

read more
  • Salary - Good
    • +5 more

Dislikes

Fourth class stuff order to me via manager I can't tolerate.

Business Development Manager in Deoghar

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

Sales Support Associate in Kishanganj

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 17 Jan 2024
1.0
 for  Salary and Benefits

Likes

Even though the salary in this company is very less as per the work, the salary is paid on time.

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Dislikes

In today's times, it is important to work to support my family properly, hence I give my 100% to this company so that someday my salary will increase but after working for more than 1 year, I am realizing that It is very difficult to move forward, here we have to work till late night due to which we are not able to give time to our family, and even after doing so much work, we get very low salary so that I cannot support my family properly. I don't know how to do it, even after working for more than 14 hours every day, I don't get any bonus also.

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  • Salary - Bad
    • +4 more

Development Manager in Jhargram

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 18 Oct 2023
1.0
 for  Salary and Benefits

Likes

...R profile like a puppet.Every single decesion are managed by higher authorities. No work and life balance, salary are on time but no increment very pathetic salary structure. No self respect. No work time. No emotion . Daily pressure. Vary vary bad 😭

read more
  • Job security - Good
    • +1 more

Dislikes

Every thing Accept salary on time

  • Salary - Bad
    • +4 more
see more salary related reviews

SBI Life Insurance Company interview questions by designations

Business Development Manager (19)Senior Business Development Executive (12)Senior Associate (10)Senior Business Development Manager (10)
View all 230 interview experiences

Know more about SBI Life Insurance Company Chennai

More about working at SBI Life Insurance Company

SBI Life Insurance Company Salary FAQs

How much does SBI Life Insurance Company pay to its employees?
The average annual salary at SBI Life Insurance Company varies depending on the role, experience, and location. The salary ranges for some popular designations at SBI Life Insurance Company, are as follows:

Business Development Manager ₹2.5 Lakhs to ₹6.4 Lakhs per year
Senior Associate ₹2.4 Lakhs to ₹5.5 Lakhs per year
Senior Business Development Manager ₹3.8 Lakhs to ₹7.6 Lakhs per year
Area Manager ₹6.7 Lakhs to ₹13 Lakhs per year

The highest-paying role, Senior Vice President, earns between ₹45 Lakhs to ₹1.1 Crore per year. The top 10% of employees earn more than ₹13 Lakhs per year, and the top 1% earn over ₹36 Lakhs per year. 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 salary estimates are based on data from 366 salaries submitted by SBI Life Insurance Company employees. SBI Life Insurance Company is rated 3.5 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at SBI Life Insurance Company in Chennai?
The salary of a fresher at SBI Life Insurance Company in Chennai typically ranges from ₹1 Lakh to ₹10.5 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Senior Associate Salary ₹2.9 Lakhs to ₹5.5 Lakhs per year
Fresher as a Business Development Manager Salary ₹2.1 Lakhs to ₹5 Lakhs per year
Fresher as a Business Development Executive Salary ₹2 Lakhs to ₹3.9 Lakhs per year
Fresher as a Management Trainee Salary ₹4.6 Lakhs to ₹10.5 Lakhs per year

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Average annual salary in SBI Life Insurance Company , Chennai is INRunlock blur . Salary estimates are based on 300+ SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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