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

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

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Last Updated: 29 Jan 2025

Companies similar to SBI Life Insurance Company for Deputy Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Deputy Manager Salary 2 - 15 years exp. (731 salaries)	Unlock ₹3.5 L/yr - ₹12.1 L/yr 24% more
ICICI Prudential Life Insurance Deputy Manager Salary 0 - 7 years exp. (53 salaries)	Unlock ₹2.3 L/yr - ₹8 L/yr 24% less
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Bajaj Allianz Life Insurance Deputy Manager Salary 1 - 16 years exp. (297 salaries)	Unlock ₹4.5 L/yr - ₹16.5 L/yr 68% more
Axis Max Life Insurance Deputy Manager Salary 0 - 14 years exp. (800 salaries)	Unlock ₹2.4 L/yr - ₹8.5 L/yr 19% less	12 job openings
Kotak Mahindara Life Insurance Deputy Manager Salary 0 - 9 years exp. (947 salaries)	Unlock ₹2 L/yr - ₹6.3 L/yr 34% less
Tata AIA Life Insurance Deputy Manager Salary 3 - 8 years exp. (16 salaries)	Unlock ₹3.2 L/yr - ₹10.5 L/yr 11% less
Reliance Nippon Life Insurance Deputy Manager Salary 1 - 17 years exp. (64 salaries)	Unlock ₹3.7 L/yr - ₹12.4 L/yr 12% more
Aviva Life Insurance India Deputy Manager Salary 5 - 12 years exp. (36 salaries)	Unlock ₹4.8 L/yr - ₹8.5 L/yr 5% more
Bharti AXA Life Insurance Deputy Manager Salary 3 - 15 years exp. (82 salaries)	Unlock ₹3.5 L/yr - ₹6 L/yr 29% less
PNB MetLife Deputy Manager Salary 4 - 16 years exp. (119 salaries)	Unlock ₹3.9 L/yr - ₹12.6 L/yr 22% more

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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.

Latest annual salaries shared by SBI Life Insurance Company Deputy Manager

1w ago

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10 years exp.

1mo ago

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5 years exp.

2mo ago

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3 years exp.

2mo ago

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9 years exp.

2mo ago

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2 years exp.

5mo ago

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13 years exp.

5mo ago

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4 years exp.

5mo ago

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7 years exp.

5mo ago

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9 years exp.

8mo ago

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12 years exp.

Experience wise SBI Life Insurance Company Deputy Manager salaries

Last Updated: 29 Jan 2025

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

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From

Deputy Manager

₹

Lakhs/yr

2 - 15 years exp.

Senior Manager

₹

Lakhs/yr

5 - 14 years exp.

Deputy Manager 2 - 15 years exp.

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Manager 3 - 20 years exp.

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77% hike

Senior Manager 5 - 14 years exp.

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-11% hike

From

View 1 more level

Deputy Manager

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2 - 15 years exp.

Associate Vice President

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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

(9 salaries)

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₹7.5 L/yr - ₹20.7 L/yr

Store Manager Salary

(AmbitionBox Estimate)

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₹7.7 L/yr - ₹9.8 L/yr

Branch Manager Salary

(169 salaries)

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₹6.5 L/yr - ₹15.7 L/yr

Area Manager Salary

(222 salaries)

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₹4.6 L/yr - ₹14.21 L/yr

Department Manager Salary

(4 salaries)

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₹3.2 L/yr - ₹4.25 L/yr

Cluster Manager Salary

(5 salaries)

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₹3.5 L/yr - ₹5.25 L/yr

Program Manager Salary

(3 salaries)

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₹12.1 L/yr - ₹20 L/yr

Project Manager Salary

(7 salaries)

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₹6.75 L/yr - ₹14.5 L/yr

Operations Manager Salary

(44 salaries)

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₹3.6 L/yr - ₹13 L/yr

Relationship Manager Salary

(50 salaries)

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₹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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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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SBI Life Insurance Company Deputy Manager Salary FAQs

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

Deputy Manager salary at SBI Life Insurance Company in India ranges between ₹2.5 Lakhs to ₹10.0 Lakhs for experience between 2 years to 15 years. According to our estimates it is 34% less than the average Deputy Manager Salary in India. Salary estimates are based on 38 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Deputy Manager at SBI Life Insurance Company is 34% less than the average salary of a Deputy Manager in India. To know exact salary insights, login to view.

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

The New India Assurance Co. Deputy Manager Salary - ₹17.0 Lakhs to ₹26.0 Lakhs per year
United India Insurance Company Deputy Manager Salary - ₹11.0 Lakhs to ₹24.0 Lakhs per year
The Oriental Insurance Co. Deputy Manager Salary - ₹15.0 Lakhs to ₹21.0 Lakhs per year
Bajaj Allianz General Insurance Deputy Manager Salary - ₹7.5 Lakhs to ₹16.0 Lakhs per year
Marsh Deputy Manager Salary - ₹10.0 Lakhs to ₹12.0 Lakhs per year

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

Bajaj Allianz Life Insurance Deputy Manager Salary - ₹4.5 Lakhs to ₹16.5 Lakhs per year
Allianz Deputy Manager Salary - ₹6.6 Lakhs to ₹12.2 Lakhs per year
HDFC Life Deputy Manager Salary - ₹3.5 Lakhs to ₹12.1 Lakhs per year
Aditya Birla Health Insurance Co Deputy Manager Salary - ₹4.0 Lakhs to ₹12.6 Lakhs per year
PNB MetLife Deputy Manager Salary - ₹3.9 Lakhs to ₹12.6 Lakhs per year

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 ranges between ₹48,528 per month to ₹49,675 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Deputy Manager salary in India which ranges between ₹2.5 Lakhs to ₹10.0 Lakhs per year for employees with experience between 2 years to 15 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 30% of the SBI Life Insurance Company Deputy Managers reported a notice period of 1 Month, 27% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 37 responses on AmbitionBox in last 2 years.

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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.

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