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SBI Life Insurance Company

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3.8

based on 3.9k Reviews

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SBI Life Insurance Company Salaries in Chennai (Updated 2025)

based on 376 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

Insurance Processor

3 - 4 years exp. · Chennai (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

Insurance Manager

4 - 12 years exp. · Chennai (AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.5 L/yr

Manager Marketing & Merchandising

10 years exp. · Chennai (AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr

Insurance Analyst

6 years exp. · Chennai (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr

HR Recruiter

1 year exp. · Chennai (AmbitionBox Estimate)
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₹1 L/yr - ₹1.3 L/yr

Retired Chief Manager

31 years exp. · Chennai (AmbitionBox Estimate)
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₹13.5 L/yr - ₹17.2 L/yr

Deputy Manager 1

6 years exp. · Chennai (AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr

Senior Accounts Executive

4 years exp. · Chennai (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr

Insurance Sector

3 years exp. · Chennai (AmbitionBox Estimate)
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₹2.3 L/yr - ₹2.9 L/yr

Senior Analyst

7 years exp. · Chennai (AmbitionBox Estimate)
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₹47.5 L/yr - ₹52.5 L/yr

Business Executive

6 years exp. · Chennai (AmbitionBox Estimate)
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₹3.4 L/yr - ₹4.4 L/yr

Postman

10 years exp. · Chennai (AmbitionBox Estimate)
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₹1.1 L/yr - ₹1.4 L/yr

Financial Consultant

1 year exp. · Chennai (AmbitionBox Estimate)
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₹1.3 L/yr - ₹1.7 L/yr

Manager Process Excellence

10 years exp. · Chennai (AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr

Administration Executive

4 years exp. · Chennai (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

Administration Assistant

Fresher · Chennai (AmbitionBox Estimate)
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₹1.5 L/yr - ₹1.7 L/yr

Sr.CAM

8 years exp. · Chennai (AmbitionBox Estimate)
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₹4 L/yr - ₹5.1 L/yr

Sales Team Leader

4 years exp. · Chennai (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

Office Administrator

2 years exp. · Chennai (AmbitionBox Estimate)
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₹2.3 L/yr - ₹2.9 L/yr

System Engineer

1 year exp. · Chennai (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr

Last Updated: 5 Apr, 2025

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peacemaker
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Georgia-Pacific
New offer. Confused.
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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Salary related reviews for SBI Life Insurance Company

3.5

Rated by 84 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.

read more
  • 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 😭

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  • 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 229 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:

Insurance Processor ₹1.8 Lakhs to ₹2.3 Lakhs per year
Insurance Manager ₹3.5 Lakhs to ₹4.5 Lakhs per year
Manager Marketing & Merchandising ₹5.4 Lakhs to ₹6.9 Lakhs per year
Insurance Analyst ₹4.5 Lakhs to ₹5.8 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 376 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 ₹4.7 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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