SBI Life Insurance Company Mumbai Claims Manager Salaries by 3 Employees (Updated 2025)

16 - 20 years exp.

₹12.5 Lakhs - ₹15.5 Lakhs

Low Confidence

Salary of majority employees

119% more than the average Claims Manager Salary in Insurance Companies for 16 - 20 years of experience

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Last Updated: 12 May 2024

Companies similar to SBI Life Insurance Company for Claims Manager in Mumbai

SBI Life Insurance Company Claims Manager Salary

16 - 20 years exp. (3 salaries)

₹12.5 L/yr - ₹15.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Claims Manager Salary 4 - 16 years exp. (5 salaries)	₹7.8 L/yr - ₹10 L/yr 42% less
Kotak Mahindara Life Insurance Claims Manager Salary 6 - 8 years exp. (3 salaries)	₹7.7 L/yr - ₹8.9 L/yr 40% less
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HDFC Ergo General Insurance Claims Manager Salary 6 - 15 years exp. (7 salaries)	₹7 L/yr - ₹12.5 L/yr 40% less
ICICI Lombard General Insurance Company Claims Manager Salary 5 - 12 years exp. (6 salaries)	₹4 L/yr - ₹8 L/yr 62% less
Aditya Birla Health Insurance Co Claims Manager Salary 2 - 10 years exp. (4 salaries)	₹6.2 L/yr - ₹9.5 L/yr 41% less
SBI General Insurance Claims Manager Salary 9 - 13 years exp. (3 salaries)	₹5.4 L/yr - ₹11 L/yr 37% less	1 job opening

Claims Manager salary at SBI Life Insurance Company ranges between ₹12.5 Lakhs to ₹15.5 Lakhs per year for employees with experience between 16 years to 20 years. Salary estimates are based on 3 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Claims Manager salaries in Mumbai

Last Updated: 12 May 2024

Experience	Avg Annual Salary
15+ years (3 salaries)	₹12.5 L/yr - ₹15.5 L/yr
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Salary related reviews for SBI Life Insurance Company

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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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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SBI Life Insurance Company Claims Manager Salary FAQs

What is the notice period for Claims Manager at SBI Life Insurance Company in Mumbai?

According to AmbitionBox, 100% of the SBI Life Insurance Company Claims Managers in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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SBI Life Insurance Company Claims Manager Salaries in Mumbai

SBI Life Insurance Company Claims Manager salary in Mumbai ranges between ₹12.5 Lakhs to ₹15.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.