SBI Life Insurance Company Cluster Sales Manager Salaries by 3 Employees (Updated 2025)

1 - 11 years exp.

₹5 Lakhs - ₹8.5 Lakhs

Low Confidence

Salary of majority employees

31% less than the average Cluster Sales Manager Salary in Insurance Companies for 1 - 11 years of experience

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Salaries in different departments

Marketing & Communication Cluster Sales Manager Salary 11 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr
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Sales & Business Development Cluster Sales Manager Salary 11 years exp. (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.2 L/yr

Last Updated: 1 Mar 2025

Companies similar to SBI Life Insurance Company for Cluster Sales Manager

Company name	Avg Annual Salary	Open Jobs
SBI General Insurance Cluster Sales Manager Salary 6 - 18 years exp. (160 salaries)	₹4.2 L/yr - ₹12.9 L/yr 31% more	1 job opening
HDFC Life Cluster Sales Manager Salary 5 - 16 years exp. (111 salaries)	₹6.5 L/yr - ₹12 L/yr 37% more
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Tata AIA Life Insurance Cluster Sales Manager Salary 5 - 13 years exp. (96 salaries)	₹5.2 L/yr - ₹11.7 L/yr 30% more	27 job openings
PNB MetLife Cluster Sales Manager Salary 5 - 10 years exp. (65 salaries)	₹3.9 L/yr - ₹6.1 L/yr 21% less	8 job openings
Aditya Birla Health Insurance Co Cluster Sales Manager Salary 2 - 11 years exp. (16 salaries)	₹3.5 L/yr - ₹9 L/yr 24% less
HDFC Ergo General Insurance Cluster Sales Manager Salary 0 - 7 years exp. (8 salaries)	₹2.5 L/yr - ₹4 L/yr 47% less
Axis Max Life Insurance Cluster Sales Manager Salary 6 - 11 years exp. (6 salaries)	₹5 L/yr - ₹7 L/yr 7% less
Bajaj Allianz Life Insurance Cluster Sales Manager Salary 7 - 15 years exp. (6 salaries)	₹8.5 L/yr - ₹11.5 L/yr 60% more
ICICI Prudential Life Insurance Cluster Sales Manager Salary 2 - 13 years exp. (5 salaries)	₹6.8 L/yr - ₹7.5 L/yr 6% more
ICICI Lombard General Insurance Company Cluster Sales Manager Salary 4 - 8 years exp. (5 salaries)	₹5 L/yr - ₹7.5 L/yr 11% less
Star Health & Allied Insurance Cluster Sales Manager Salary 7 - 16 years exp. (4 salaries)	₹5.8 L/yr - ₹7 L/yr 4% less
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Aditya Birla Sun Life Insurance Cluster Sales Manager Salary 6 - 7 years exp. (3 salaries)	₹6.8 L/yr - ₹8.6 L/yr 25% more
Bajaj Allianz General Insurance Cluster Sales Manager Salary 8 - 14 years exp. (3 salaries)	₹5 L/yr - ₹7.5 L/yr 2% less

Cluster Sales Manager salary at SBI Life Insurance Company ranges between ₹5 Lakhs to ₹8.5 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 3 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Cluster Sales Manager salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
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11 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr

Similar Designation salaries in SBI Life Insurance Company

Senior Sales Manager Salary

(4 salaries)

₹3.4 L/yr - ₹4.5 L/yr

Area Sales Manager Salary

(17 salaries)

₹3.75 L/yr - ₹13.5 L/yr

Cluster Manager Salary

(5 salaries)

₹3.5 L/yr - ₹5.25 L/yr

Assistant Sales Manager Salary

(4 salaries)

₹1.88 L/yr - ₹8 L/yr

Territory Sales Manager Salary

(11 salaries)

₹4.87 L/yr - ₹6 L/yr

Sales Manager Salary

(87 salaries)

₹1.2 L/yr - ₹5.5 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.8 L/yr

Senior Area Sales Manager Salary

(5 salaries)

₹12.5 L/yr - ₹20.3 L/yr

Senior Sales Officer Salary

(4 salaries)

₹3.5 L/yr - ₹3.56 L/yr

Cluster Head Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Salary related reviews for SBI Life Insurance Company

2.0

Rated by 1 employees for salary & benefits

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

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.

Salary - Excellent

+6 more

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

Salary - Poor

+6 more

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.

Salary - Excellent

+6 more

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,

Job security - Good

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.🙏

Salary - Bad

+3 more

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SBI Life Insurance Company Cluster Sales Manager Salary FAQs

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

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

Experience	Average Salary Range
1 year	₹7.7 Lakhs to ₹9.8 Lakhs per year
11 years	₹5.2 Lakhs to ₹6.6 Lakhs per year

and so on.

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SBI Life Insurance Company Cluster Sales Manager Salaries

SBI Life Insurance Company Cluster Sales Manager salary in India ranges between ₹5 Lakhs to ₹8.5 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.