SBI Life Insurance Company Clerk Salaries by 6 Employees

1 - 8 years exp.

₹0.5 Lakh - ₹3 Lakhs

Low Confidence

Salary of majority employees

66% less than the average Clerk Salary in Insurance Companies for 1 - 8 years of experience

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Last Updated: 1 Jan 2024

Companies similar to SBI Life Insurance Company for Clerk

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Clerk Salary 0 - 6 years exp. (3 salaries)	₹0.6 L/yr - ₹4 L/yr 112% more
SBI General Insurance Clerk Salary Fresher (3 salaries)	₹4 L/yr - ₹6.6 L/yr 324% more
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Indian Army Clerk Salary 17 - 23 years exp. (3 salaries)	₹4.5 L/yr - ₹7.5 L/yr 430% more
The Cosmos Co-operative Bank Clerk Salary 0 - 10 years exp. (95 salaries)	₹1 L/yr - ₹5 L/yr 153% more
Abhyudaya Co-operative Bank Clerk Salary 1 - 12 years exp. (83 salaries)	₹2 L/yr - ₹6 L/yr 220% more

Clerk salary at SBI Life Insurance Company ranges between ₹0.5 Lakh to ₹3 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Clerk salaries

Last Updated: 1 Jan 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹0.2 L/yr - ₹2.2 L/yr
2 years (AmbitionBox Estimate)	₹0.5 L/yr - ₹3 L/yr
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3 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹1 L/yr
4 years (AmbitionBox Estimate)	₹0.4 L/yr - ₹1.1 L/yr
5 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.4 L/yr
6 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.8 L/yr
7 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr
8 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.4 L/yr

View all

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Salary related reviews for SBI Life Insurance Company

2.0

Rated by 1 employees for salary & benefits

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.

Salary - Good

+1 more

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.

Skill development - Poor

+4 more

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.

Job security - Good

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is very slow

Work satisfaction - Poor

+2 more

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

Job security - Good

+1 more

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.

Salary - Excellent

+6 more

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.

Salary - Poor

see more salary related reviews

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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SBI Life Insurance Company Clerk Salary FAQs

What is the salary of Clerk at SBI Life Insurance Company ?

The average salary of a Clerk at SBI Life Insurance Company in India typically ranges from ₹0.5 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Clerk at SBI Life Insurance Company earn more than ₹2.9 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Clerk 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 estimates are based on salary data submitted by 6 SBI Life Insurance Company employees in India.

What is the estimated take home salary of a Clerk at SBI Life Insurance Company in India?

The estimated take-home salary of a Clerk at SBI Life Insurance Company in India typically ranges from ₹8,052 to ₹8,800 per month. This is based on the average salary range of ₹0.5 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 1 year to 8 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 6 salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI Life Insurance Company for Clerk in India?

Indian Army	₹4.5 Lakhs to ₹7.5 Lakhs per year
SBI General Insurance	₹4.0 Lakhs to ₹6.6 Lakhs per year
Abhyudaya Co-operative Bank	₹2.0 Lakhs to ₹6.0 Lakhs per year
The Cosmos Co-operative Bank	₹1.0 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindara Life Insurance	₹0.6 Lakhs to ₹4.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI Life Insurance Company, depending on the role and experience level.

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

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

Experience	Average Salary Range
1 year	₹0.2 Lakhs to ₹2.2 Lakhs per year
2 years	₹0.5 Lakhs to ₹3.0 Lakhs per year
3 years	₹0.8 Lakhs to ₹1.0 Lakhs per year
4 years	₹0.4 Lakhs to ₹1.1 Lakhs per year

and so on.

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SBI Life Insurance Company Clerk Salaries

SBI Life Insurance Company Clerk salary in India ranges between ₹0.5 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.