SBI Life Insurance Company Deputy Manager Salaries by 30+ Employees (Updated 2025)

2 - 15 years exp.

₹2.5 Lakhs - ₹10 Lakhs

Salary of majority employees

34% less than the average Deputy Manager Salary in Insurance Companies for 2 - 15 years of experience

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Salaries in different departments

Customer Success, Service & Operations Deputy Manager Salary 4 - 13 years exp. (8 salaries)	₹3 L/yr - ₹7.8 L/yr
BFSI, Investments & Trading Deputy Manager Salary 3 - 15 years exp. (7 salaries)	₹2.5 L/yr - ₹10 L/yr
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Sales & Business Development Deputy Manager Salary 2 - 12 years exp. (7 salaries)	₹3.2 L/yr - ₹9 L/yr
Project & Program Management Deputy Manager Salary 3 - 14 years exp. (3 salaries)	₹4 L/yr - ₹10 L/yr
Marketing & Communication Deputy Manager Salary 2 - 7 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹7.2 L/yr

View all

Last Updated: 29 Jan 2025

Companies similar to SBI Life Insurance Company for Deputy Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (1k salaries)	₹3.2 L/yr - ₹10.3 L/yr 7% less
Axis Max Life Insurance Deputy Manager Salary 0 - 15 years exp. (825 salaries)	₹2.4 L/yr - ₹8.5 L/yr 17% less	20 job openings
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Kotak Mahindara Life Insurance Deputy Manager Salary 0 - 9 years exp. (762 salaries)	₹2 L/yr - ₹5.7 L/yr 37% less
HDFC Life Deputy Manager Salary 0 - 15 years exp. (827 salaries)	₹3.5 L/yr - ₹12.2 L/yr 24% more
Bajaj Allianz Life Insurance Deputy Manager Salary 1 - 16 years exp. (338 salaries)	₹4.5 L/yr - ₹16.5 L/yr 69% more
Aditya Birla Health Insurance Co Deputy Manager Salary 2 - 11 years exp. (253 salaries)	₹4 L/yr - ₹12.6 L/yr 24% more
Star Health & Allied Insurance Deputy Manager Salary 1 - 13 years exp. (205 salaries)	₹3 L/yr - ₹10 L/yr 4% less
Aditya Birla Sun Life Insurance Deputy Manager Salary 2 - 10 years exp. (193 salaries)	₹3 L/yr - ₹9.5 L/yr 3% less
Bajaj Allianz General Insurance Deputy Manager Salary 5 - 16 years exp. (166 salaries)	₹7.5 L/yr - ₹16 L/yr 94% more	3 job openings
SBI General Insurance Deputy Manager Salary 4 - 11 years exp. (157 salaries)	₹3.7 L/yr - ₹9.7 L/yr 13% less

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Deputy Manager salary at SBI Life Insurance Company ranges between ₹2.5 Lakhs to ₹10 Lakhs per year for employees with experience between 2 years to 15 years. Salary estimates are based on 38 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Deputy Manager salaries

Last Updated: 29 Jan 2025

Experience	Avg Annual Salary
2 years (3 salaries)	₹3.4 L/yr - ₹5.2 L/yr
3 years (4 salaries)	₹2.5 L/yr - ₹8.5 L/yr
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4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹6 L/yr
5 years (5 salaries)	₹2.8 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹6.5 L/yr
7 years (4 salaries)	₹3 L/yr - ₹7.2 L/yr
8 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹7.5 L/yr
9 years (4 salaries)	₹4.8 L/yr - ₹8.5 L/yr
10 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹9 L/yr
11 years (3 salaries)	₹2.8 L/yr - ₹8.2 L/yr
12 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹7.8 L/yr
13 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.8 L/yr
14 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹10 L/yr
15+ years (AmbitionBox Estimate)	₹3.3 L/yr - ₹10 L/yr

View all

From

Deputy Manager

₹

Lakhs/yr

2 - 15 years exp.

Senior Manager

₹

Lakhs/yr

5 - 14 years exp.

Deputy Manager 2 - 15 years exp.

Manager 3 - 20 years exp.

66% hike

Senior Manager 5 - 14 years exp.

-5% hike

From

View 1 more level

Deputy Manager

2 - 15 years exp.

Associate Vice President

9 - 20 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in SBI Life Insurance Company

Team Manager Salary

(11 salaries)

₹7.5 L/yr - ₹15 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.8 L/yr

Branch Manager Salary

(171 salaries)

₹6.5 L/yr - ₹16 L/yr

Area Manager Salary

(206 salaries)

₹4.6 L/yr - ₹14.21 L/yr

Department Manager Salary

(4 salaries)

₹3.2 L/yr - ₹4.25 L/yr

Cluster Manager Salary

(5 salaries)

₹3.5 L/yr - ₹5.25 L/yr

Program Manager Salary

(3 salaries)

₹12.1 L/yr - ₹20 L/yr

Project Manager Salary

(7 salaries)

₹6.75 L/yr - ₹14.5 L/yr

Operations Manager Salary

(44 salaries)

₹3.6 L/yr - ₹13 L/yr

Relationship Manager Salary

(61 salaries)

₹2.5 L/yr - ₹6 L/yr

Salary related reviews for SBI Life Insurance Company

2.1

Rated by 9 employees for salary & benefits

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

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

Salary - Excellent

+1 more

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

Skill development - Poor

+2 more

Business Development Manager

Karur Department

4.0

• posted on 14 Feb 2020

4.0

for Salary and Benefits

Likes

The SBI life insurance co Ltd . Developed employees career &life style I'm worked SBI life manappari branch .

Salary - Good

+4 more

Dislikes

My branch manager don't support to me & my office friends every day pressure & loss pay working time morning 7to evening 9

Work satisfaction - Poor

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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SBI Life Insurance Company Deputy Manager Salary FAQs

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

The average salary of a Deputy Manager at SBI Life Insurance Company in India typically ranges from ₹2.5 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 2 years to 15 years).

The top 10% of Deputy Manager at SBI Life Insurance Company earn more than ₹8.9 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Deputy Manager 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 30+ SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Deputy Manager at SBI Life Insurance Company in India typically ranges from ₹48,528 to ₹49,675 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 2 years to 15 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 30+ 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 Deputy Manager in India?

The New India Assurance Co.	₹17.0 Lakhs to ₹26.0 Lakhs per year
United India Insurance Company	₹11.0 Lakhs to ₹24.0 Lakhs per year
The Oriental Insurance Co.	₹15.0 Lakhs to ₹21.0 Lakhs per year
Bajaj Allianz General Insurance	₹7.5 Lakhs to ₹16.0 Lakhs per year
Bajaj Allianz Life Insurance	₹4.5 Lakhs to ₹16.5 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.

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

The salary of a Deputy Manager at companies similar to SBI Life Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Marsh	₹10.0 Lakhs to ₹12.0 Lakhs per year
Allianz	₹6.6 Lakhs to ₹12.2 Lakhs per year
PNB MetLife	₹4.0 Lakhs to ₹12.6 Lakhs per year
Aditya Birla Health Insurance Co	₹4.0 Lakhs to ₹12.6 Lakhs per year
HDFC Life	₹3.5 Lakhs to ₹12.2 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

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

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

Experience	Average Salary Range
2 years	₹3.4 Lakhs to ₹5.2 Lakhs per year
3 years	₹2.5 Lakhs to ₹8.5 Lakhs per year
4 years	₹3.2 Lakhs to ₹6.0 Lakhs per year
5 years	₹2.8 Lakhs to ₹7.0 Lakhs per year

and so on.

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SBI Life Insurance Company Deputy Manager Salaries by Location

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SBI Life Insurance Company Deputy Manager Salaries

SBI Life Insurance Company Deputy Manager salary in India ranges between ₹2.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 38 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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SBI Life Insurance Company Deputy Manager salaries in India (Updated 2025)

Companies similar to SBI Life Insurance Company for Deputy Manager

Latest annual salaries shared by SBI Life Insurance Company Deputy Manager

Experience wise SBI Life Insurance Company Deputy Manager salaries

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Business Development Manager in Rajkot

Business Development Manager in Jaipur

Business Development Manager in Work Form Bank And Field

Business Development Manager in Bangalore / Bengaluru

Business Development Manager

SBI Life Insurance Company Deputy Manager Salary FAQs

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SBI Life Insurance Company Deputy Manager Salaries by Location