SBI Life Insurance Company Cluster Manager Salaries by 5 Employees (Updated 2024)

2 - 9 years exp.

₹3.5 Lakhs - ₹5.3 Lakhs

Low Confidence

Salary of majority employees

53% less than the average Cluster Manager Salary in Insurance Companies for 2 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr
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Sales & Business Development Cluster Manager Salary 5 - 7 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹5.3 L/yr

Last Updated: 6 Jun 2024

Companies similar to SBI Life Insurance Company for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Cluster Manager Salary 5 - 19 years exp. (33 salaries)	₹6.1 L/yr - ₹17 L/yr 122% more
HDFC Life Cluster Manager Salary 5 - 16 years exp. (284 salaries)	₹5.7 L/yr - ₹12.7 L/yr 106% more
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Max Life Insurance Cluster Manager Salary 6 - 15 years exp. (106 salaries)	₹5.1 L/yr - ₹13.9 L/yr 130% more	2 job openings
Bajaj Allianz Life Insurance Cluster Manager Salary 5 - 15 years exp. (99 salaries)	₹4.2 L/yr - ₹14.3 L/yr 104% more
Kotak Mahindara Life Insurance Cluster Manager Salary 6 - 16 years exp. (33 salaries)	₹5 L/yr - ₹12.5 L/yr 85% more
Reliance Nippon Life Insurance Cluster Manager Salary 9 - 20 years exp. (34 salaries)	₹5 L/yr - ₹15 L/yr 113% more
Tata AIA Life Insurance Cluster Manager Salary 5 - 16 years exp. (44 salaries)	₹5 L/yr - ₹17.1 L/yr 145% more	2 job openings
Aditya Birla Sun Life Insurance Cluster Manager Salary 1 - 13 years exp. (218 salaries)	₹5 L/yr - ₹14 L/yr 118% more
PNB MetLife Cluster Manager Salary 5 - 18 years exp. (31 salaries)	₹5 L/yr - ₹16.8 L/yr 168% more
Aditya Birla Health Insurance Co Cluster Manager Salary 3 - 11 years exp. (109 salaries)	₹4 L/yr - ₹10.8 L/yr 77% more
Star Health & Allied Insurance Cluster Manager Salary 5 - 13 years exp. (65 salaries)	₹3.8 L/yr - ₹10 L/yr 44% more
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SBI General Insurance Cluster Manager Salary 5 - 18 years exp. (35 salaries)	₹7 L/yr - ₹15 L/yr 115% more
HDFC Ergo General Insurance Cluster Manager Salary 6 - 16 years exp. (26 salaries)	₹4.5 L/yr - ₹13.5 L/yr 113% more
Cholamandalam MS General Insurance Cluster Manager Salary 5 - 17 years exp. (17 salaries)	₹6.5 L/yr - ₹10 L/yr 106% more
ICICI Lombard General Insurance Company Cluster Manager Salary 3 - 12 years exp. (14 salaries)	₹3.8 L/yr - ₹11.5 L/yr 95% more

Cluster Manager salary at SBI Life Insurance Company ranges between ₹3.5 Lakhs to ₹5.3 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Cluster Manager salaries

Last Updated: 6 Jun 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.2 L/yr
3 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
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4 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹5 L/yr
6 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.3 L/yr
8 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.1 L/yr
9 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.2 L/yr

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Salary related reviews for SBI Life Insurance Company

Area Sales Manager in Vijayawada

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 05 Aug 2023

5.0

for Salary and Benefits

Likes

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

Dislikes

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 Manager in Rajkot

Full Time

Sales & Business Development Department

3.0

• posted on 01 Feb 2023

2.0

for Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

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

Business Development Manager in Jaipur

Full Time

Sels Department

5.0

• posted on 12 Apr 2021

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 good salary hike and bonus every year.

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Business Development Manager in Work Form Bank And Field

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 25 Sep 2023

1.0

for Salary and Benefits

Likes

Only Job Security,

Dislikes

...hear from long time. Only due to not get any increment I have left the job..... You will hire new persons on higher package but you won't retain ur old employes on giving them some litter bit hike or increment. My humble request to you that plz take care of your old employes who are working on lower package or CTC, from long time...plz don't force them to leave the job due to lower Package... And plz start Rehiring. Lots of old employes are ready to work with sbilife Again.🙏

Business Development Manager in Bangalore / Bengaluru

Sales Department

1.0

• posted on 12 May 2022

5.0

for Salary and Benefits

Likes

Salary before month end Brand Reputation

Dislikes

No personal life satisfaction Terrible AM behavior No felicitation No recognition Poor plans and costly Pressure will come like he'll If channel partners not supported even though we've to do business.. Less customer service at channel partner

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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SBI Life Insurance Company Cluster Manager Salary FAQs

What is the salary of Cluster Manager at SBI Life Insurance Company?

Cluster Manager salary at SBI Life Insurance Company in India ranges between ₹3.5 Lakhs to ₹5.3 Lakhs for experience between 2 years to 9 years. According to our estimates it is 53% less than the average Cluster Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company India.

How does the salary of a Cluster Manager at SBI Life Insurance Company India compare with the average salary range for this job?

The average salary of a Cluster Manager at SBI Life Insurance Company is 53% less than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Cluster Manager in India?

PNB MetLife Cluster Manager Salary - ₹5.0 Lakhs to ₹16.8 Lakhs per year
Tata AIA Life Insurance Cluster Manager Salary - ₹5.0 Lakhs to ₹17.1 Lakhs per year
Max Life Insurance Cluster Manager Salary - ₹5.1 Lakhs to ₹13.9 Lakhs per year
ICICI Prudential Life Insurance Cluster Manager Salary - ₹6.1 Lakhs to ₹17.0 Lakhs per year
Aditya Birla Sun Life Insurance Cluster Manager Salary - ₹5.0 Lakhs to ₹14.0 Lakhs per year

What is the salary of a Cluster Manager in companies similar to SBI Life Insurance Company in India?

SBI General Insurance Cluster Manager Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year
Reliance Nippon Life Insurance Cluster Manager Salary - ₹5.0 Lakhs to ₹15.0 Lakhs per year
HDFC Ergo General Insurance Cluster Manager Salary - ₹4.5 Lakhs to ₹13.5 Lakhs per year
Cholamandalam MS General Insurance Cluster Manager Salary - ₹6.5 Lakhs to ₹10.0 Lakhs per year
HDFC Life Cluster Manager Salary - ₹5.7 Lakhs to ₹12.7 Lakhs per year

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

The estimated take-home salary of a Cluster Manager at SBI Life Insurance Company ranges between ₹31,822 per month to ₹33,109 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Cluster Manager salary in India which ranges between ₹3.5 Lakhs to ₹5.3 Lakhs per year for employees with experience between 2 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager at SBI Life Insurance Company?

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

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SBI Life Insurance Company Cluster Manager Salaries

SBI Life Insurance Company Cluster Manager salary in India ranges between ₹3.5 Lakhs to ₹5.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.