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

1 - 9 years exp.

₹4 Lakhs - ₹8.5 Lakhs

Salary of majority employees

30% less than the average Deputy Manager Salary in Insurance Companies for 1 - 9 years of experience

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Salaries in different departments

Finance & Accounting Deputy Manager Salary 5 - 9 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹8.5 L/yr
BFSI, Investments & Trading Deputy Manager Salary 5 years exp. (AmbitionBox Estimate)	₹5.7 L/yr - ₹7 L/yr
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Marketing & Communication Deputy Manager Salary 2 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹7.1 L/yr

Last Updated: 12 Nov 2024

Companies similar to SBI Life Insurance Company for Deputy Manager in Mumbai

SBI Life Insurance Company Deputy Manager Salary

1 - 9 years exp. (5 salaries)

₹4 L/yr - ₹8.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Deputy Manager Salary 2 - 15 years exp. (422 salaries)	₹3.5 L/yr - ₹14.4 L/yr 35% more
ICICI Prudential Life Insurance Deputy Manager Salary 1 - 7 years exp. (9 salaries)	₹3.8 L/yr - ₹8 L/yr 9% less
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Bajaj Allianz Life Insurance Deputy Manager Salary 2 - 16 years exp. (70 salaries)	₹5 L/yr - ₹16 L/yr 74% more
Max Life Insurance Deputy Manager Salary 0 - 13 years exp. (70 salaries)	₹3.2 L/yr - ₹7.7 L/yr 13% less	25 job openings
Kotak Mahindara Life Insurance Deputy Manager Salary 0 - 9 years exp. (404 salaries)	₹2 L/yr - ₹5.7 L/yr 32% less
Tata AIA Life Insurance Deputy Manager Salary 3 - 8 years exp. (6 salaries)	₹3.2 L/yr - ₹10.5 L/yr 4% more
Reliance Nippon Life Insurance Deputy Manager Salary 3 - 16 years exp. (48 salaries)	₹3.7 L/yr - ₹14.6 L/yr 38% more
PNB MetLife Deputy Manager Salary 4 - 16 years exp. (48 salaries)	₹4 L/yr - ₹12.6 L/yr 42% more
HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (245 salaries)	₹3 L/yr - ₹10.3 L/yr At par
Aditya Birla Health Insurance Co Deputy Manager Salary 4 - 11 years exp. (133 salaries)	₹4.3 L/yr - ₹12.6 L/yr 35% more
Aditya Birla Sun Life Insurance Deputy Manager Salary 2 - 10 years exp. (57 salaries)	₹3.2 L/yr - ₹10.9 L/yr 10% more
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SBI General Insurance Deputy Manager Salary 4 - 11 years exp. (30 salaries)	₹4.3 L/yr - ₹10.2 L/yr 7% less
Star Health & Allied Insurance Deputy Manager Salary 3 - 13 years exp. (13 salaries)	₹4.8 L/yr - ₹7 L/yr 8% more
ICICI Lombard General Insurance Company Deputy Manager Salary 4 - 13 years exp. (9 salaries)	₹3.5 L/yr - ₹6.5 L/yr 6% more
Marsh Deputy Manager Salary 10 - 17 years exp. (4 salaries)	₹10 L/yr - ₹14 L/yr 93% more

Deputy Manager salary at SBI Life Insurance Company ranges between ₹4 Lakhs to ₹8.5 Lakhs per year for employees with experience between 1 year 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 Deputy Manager salaries in Mumbai

Last Updated: 12 Nov 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4 L/yr - ₹9.3 L/yr
2 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹9.6 L/yr
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3 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
4 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹8.5 L/yr
6 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
7 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
8 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
9 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7 L/yr

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Similar Designation salaries in SBI Life Insurance Company

Area Manager Salary

(15 salaries)

₹7.5 L/yr - ₹14.21 L/yr

Operations Manager Salary

(9 salaries)

₹7.3 L/yr - ₹10 L/yr

Branch Manager Salary

(8 salaries)

₹8 L/yr - ₹11.2 L/yr

Relationship Manager Salary

(6 salaries)

₹3.24 L/yr - ₹5 L/yr

Project Manager Salary

(4 salaries)

₹6.75 L/yr - ₹14 L/yr

Team Manager Salary

(3 salaries)

₹7.5 L/yr - ₹12 L/yr

Program Manager Salary

(3 salaries)

₹12.2 L/yr - ₹20 L/yr

Salary related reviews for SBI Life Insurance 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

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 .

Dislikes

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

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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 Deputy Manager Salary FAQs

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

Deputy Manager salary at SBI Life Insurance Company in Mumbai ranges between ₹4.0 Lakhs to ₹8.5 Lakhs for experience between 1 years to 9 years. According to our estimates it is 30% less than the average Deputy Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

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

The average salary of a Deputy Manager at SBI Life Insurance Company is 30% less than the average salary of a Deputy Manager in Mumbai. To know exact salary insights, login to view.

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

Marsh Deputy Manager Salary - ₹10.0 Lakhs to ₹14.0 Lakhs per year
Bajaj Allianz Life Insurance Deputy Manager Salary - ₹5.0 Lakhs to ₹16.0 Lakhs per year
PNB MetLife Deputy Manager Salary - ₹4.0 Lakhs to ₹12.6 Lakhs per year
Reliance Nippon Life Insurance Deputy Manager Salary - ₹3.7 Lakhs to ₹14.6 Lakhs per year
HDFC Life Deputy Manager Salary - ₹3.5 Lakhs to ₹14.4 Lakhs per year

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

Aditya Birla Health Insurance Co Deputy Manager Salary - ₹4.3 Lakhs to ₹12.6 Lakhs per year
Aditya Birla Sun Life Insurance Deputy Manager Salary - ₹3.2 Lakhs to ₹10.9 Lakhs per year
Star Health & Allied Insurance Deputy Manager Salary - ₹4.8 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company Deputy Manager Salary - ₹3.5 Lakhs to ₹6.5 Lakhs per year
Tata AIA Life Insurance Deputy Manager Salary - ₹3.2 Lakhs to ₹10.5 Lakhs per year

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

The estimated take-home salary of a Deputy Manager at SBI Life Insurance Company ranges between ₹45,209 per month to ₹46,297 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Deputy Manager salary in India which ranges between ₹4.0 Lakhs to ₹8.5 Lakhs per year for employees with experience between 1 years to 9 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 75% of the SBI Life Insurance Company Deputy Managers in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 15 days or less.This is based on 4 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Deputy Manager Salaries in Mumbai

SBI Life Insurance Company Deputy Manager salary in Mumbai ranges between ₹4 Lakhs to ₹8.5 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.