SBI Life Insurance Company Mumbai Deputy Manager Salaries by 7 Employees

1 - 11 years exp.

₹4 Lakhs - ₹8.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

22% less than the average Deputy Manager Salary in Insurance Companies for 1 - 11 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Deputy Manager Salary 5 - 11 years exp. (AmbitionBox Estimate)	₹5.6 L/yr - ₹8 L/yr
Finance & Accounting Deputy Manager Salary 5 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹8.5 L/yr
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Marketing & Communication Deputy Manager Salary 2 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.1 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 - 11 years exp. (7 salaries)

₹4 L/yr - ₹8.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Deputy Manager Salary 0 - 10 years exp. (433 salaries)	₹2.3 L/yr - ₹5.7 L/yr 37% less
HDFC Life Deputy Manager Salary 2 - 15 years exp. (428 salaries)	₹3.5 L/yr - ₹14.4 L/yr 20% more
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HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (259 salaries)	₹3.5 L/yr - ₹10.3 L/yr 11% less
Aditya Birla Health Insurance Co Deputy Manager Salary 2 - 11 years exp. (146 salaries)	₹4.2 L/yr - ₹12.6 L/yr 17% more
Bajaj Allianz Life Insurance Deputy Manager Salary 1 - 15 years exp. (72 salaries)	₹5 L/yr - ₹16 L/yr 56% more
Aditya Birla Sun Life Insurance Deputy Manager Salary 2 - 10 years exp. (69 salaries)	₹3.2 L/yr - ₹12 L/yr 2% more
Axis Max Life Insurance Deputy Manager Salary 0 - 13 years exp. (68 salaries)	₹3.2 L/yr - ₹7.7 L/yr 19% less	19 job openings
Reliance Nippon Life Insurance Deputy Manager Salary 1 - 17 years exp. (53 salaries)	₹3.7 L/yr - ₹14.4 L/yr 27% more
PNB MetLife Deputy Manager Salary 4 - 16 years exp. (51 salaries)	₹4 L/yr - ₹12.6 L/yr 29% more
SBI General Insurance Deputy Manager Salary 4 - 11 years exp. (28 salaries)	₹4.3 L/yr - ₹10.6 L/yr 16% less
Star Health & Allied Insurance Deputy Manager Salary 3 - 13 years exp. (13 salaries)	₹4.8 L/yr - ₹7 L/yr At par
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ICICI Prudential Life Insurance Deputy Manager Salary 1 - 7 years exp. (9 salaries)	₹3.8 L/yr - ₹8 L/yr 19% less
ICICI Lombard General Insurance Company Deputy Manager Salary 5 - 13 years exp. (9 salaries)	₹4.7 L/yr - ₹11 L/yr 8% more
Bajaj Allianz General Insurance Deputy Manager Salary 5 - 14 years exp. (9 salaries)	₹9.5 L/yr - ₹15 L/yr 88% more	3 job openings
Tata AIA Life Insurance Deputy Manager Salary 3 - 8 years exp. (5 salaries)	₹3.2 L/yr - ₹8 L/yr 15% less
Marsh Deputy Manager Salary 10 - 13 years exp. (3 salaries)	₹10 L/yr - ₹12 L/yr 59% 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 11 years. Salary estimates are based on 7 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)	₹5 L/yr - ₹6.4 L/yr
2 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
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3 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
4 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
5 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
6 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
7 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
8 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr
9 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
10 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.5 L/yr
11 years (3 salaries)	₹3.1 L/yr - ₹8.2 L/yr

View all

From

Deputy Manager

₹

Lakhs/yr

0 - 13 years exp.

Senior Manager

₹

Lakhs/yr

5 - 14 years exp.

Deputy Manager 0 - 13 years exp.

Manager 3 - 20 years exp.

102% hike

Senior Manager 5 - 14 years exp.

-1% hike

From

View 1 more level

Deputy Manager

0 - 13 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

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

Team Manager Salary

(6 salaries)

₹7.5 L/yr - ₹15 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

Program Manager Salary

(3 salaries)

₹12.2 L/yr - ₹20 L/yr

Salary related reviews for SBI Life Insurance Company

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

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

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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SBI Life Insurance Company Deputy Manager Salary FAQs

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

The average salary of a Deputy Manager at SBI Life Insurance Company in Mumbai typically ranges from ₹4.0 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 1 year to 11 years).

The top 10% of Deputy Manager in Mumbai at SBI Life Insurance Company earn more than ₹8.4 Lakhs per year, and the top 1% earn over ₹8.5 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 7 SBI Life Insurance Company employees in India.

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 in Mumbai typically ranges from ₹51,306 to ₹52,516 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 1 year to 11 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 7 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?

Bajaj Allianz General Insurance	₹9.5 Lakhs to ₹15.0 Lakhs per year
Marsh	₹10.0 Lakhs to ₹12.0 Lakhs per year
Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹16.0 Lakhs per year
PNB MetLife	₹4.0 Lakhs to ₹12.6 Lakhs per year
Reliance Nippon Life Insurance	₹3.7 Lakhs to ₹14.4 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 Mumbai?

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

HDFC Life	₹3.5 Lakhs to ₹14.4 Lakhs per year
Aditya Birla Health Insurance Co	₹4.2 Lakhs to ₹12.6 Lakhs per year
ICICI Lombard General Insurance Company	₹4.7 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.2 Lakhs to ₹12.0 Lakhs per year
Star Health & Allied Insurance	₹4.8 Lakhs to ₹7.0 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 Mumbai?

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

Experience	Average Salary Range
1 year	₹5.0 Lakhs to ₹6.4 Lakhs per year
2 years	₹5.2 Lakhs to ₹6.7 Lakhs per year
3 years	₹5.4 Lakhs to ₹6.9 Lakhs per year
4 years	₹5.6 Lakhs to ₹7.1 Lakhs per year

and so on.

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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 7 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.