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SBI Life Insurance Company

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3.8

based on 3.9k Reviews

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

Annual salary range
13 - 25 years exp.
₹12 Lakhs - ₹25 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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10% more than the average Divisional Manager Salary in Insurance Companies for 13 - 25 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Divisional Manager Salary
13 - 24 years exp. (21 salaries)
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₹12.5 L/yr - ₹23 L/yr

Sales & Business Development
Divisional Manager Salary
13 - 25 years exp. (10 salaries)
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₹17.4 L/yr - ₹25 L/yr

Last Updated: 20 Feb 2025

Companies similar to SBI Life Insurance Company for Divisional Manager

Company name Avg Annual Salary Open Jobs
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Star Health & Allied Insurance Divisional Manager Salary

8 - 17 years exp. (70 salaries)
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₹4 L/yr - ₹14 L/yr

arrow icon 59% less
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Life Insurance Corporation of India Divisional Manager Salary

20 - 33 years exp. (13 salaries)
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₹16 L/yr - ₹25 L/yr

arrow icon 2% more
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Shriram Life Insurance Divisional Manager Salary

5 - 11 years exp. (9 salaries)
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₹5.6 L/yr - ₹7.5 L/yr

arrow icon 68% less
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Kotak Mahindara Life Insurance Divisional Manager Salary

14 - 20 years exp. (9 salaries)
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₹13 L/yr - ₹20 L/yr

arrow icon 8% less
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Bajaj Allianz Life Insurance Divisional Manager Salary

3 - 16 years exp. (6 salaries)
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₹3.4 L/yr - ₹9.5 L/yr

arrow icon 62% less
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The New India Assurance Co. Divisional Manager Salary

12 - 24 years exp. (4 salaries)
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₹10.7 L/yr - ₹22 L/yr

arrow icon 18% less
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United India Insurance Company Divisional Manager Salary

9 - 13 years exp. (4 salaries)
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₹12.5 L/yr - ₹23.2 L/yr

arrow icon 9% less
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The Oriental Insurance Co. Divisional Manager Salary

10 - 15 years exp. (3 salaries)
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₹12 L/yr - ₹13.4 L/yr

arrow icon 34% less
Divisional Manager salary at SBI Life Insurance Company ranges between ₹12 Lakhs to ₹25 Lakhs per year for employees with experience between 13 years to 25 years. Salary estimates are based on 37 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Divisional Manager

3d ago
₹16 Lakhs
17 years exp.
3mo ago
₹16 Lakhs
16 years exp.
3mo ago
₹19 Lakhs
24 years exp.
4mo ago
₹20 Lakhs
20 years exp.
9mo ago
₹16.5 Lakhs
15 years exp.
1y ago
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16 years exp.
1y ago
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25 years exp.
1y ago
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23 years exp.
1y ago
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18 years exp.
1y ago
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21 years exp.

Experience wise SBI Life Insurance Company Divisional Manager salaries

Last Updated: 20 Feb 2025

Experience Avg Annual Salary
13 years  (4 salaries)

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₹12.5 L/yr - ₹17.6 L/yr
14 years  (3 salaries)

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₹13 L/yr - ₹17.6 L/yr
15+ years  (30 salaries)

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₹12 L/yr - ₹25 L/yr

Similar Designation salaries in SBI Life Insurance Company

Regional Manager Salary
(8 salaries)
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₹30 L/yr - ₹39.09 L/yr
Business Manager Salary
(16 salaries)
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₹5.1 L/yr - ₹7.25 L/yr
Senior Sales Manager Salary
(4 salaries)
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₹3.4 L/yr - ₹4.5 L/yr
Branch Manager Salary
(171 salaries)
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₹6.5 L/yr - ₹15.7 L/yr
Area Manager Salary
(246 salaries)
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₹5.4 L/yr - ₹14.5 L/yr
Marketing Manager Salary
(16 salaries)
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₹4.12 L/yr - ₹17 L/yr
Relationship Manager Salary
(61 salaries)
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₹2.5 L/yr - ₹6 L/yr
Deputy Manager Salary
(42 salaries)
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₹2.2 L/yr - ₹9 L/yr
Territory Manager Salary
(110 salaries)
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₹4 L/yr - ₹7.1 L/yr
Sales Manager Salary
(86 salaries)
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₹1.2 L/yr - ₹5.6 L/yr

Top skills at SBI Life Insurance Company for Divisional Manager

Customer Complaints Sales Customer Service Activation Customer Centric New Business Publicity Comparative Analysis

Salary related reviews for SBI Life Insurance Company

3.7

Rated by 8 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.

read more
  • 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.

read more

Business Development Executive in Gangtok

Full Time

 · 

Marketing & Communication Department

4.0
  •  posted on 13 Sep 2023
5.0
 for  Salary and Benefits

Likes

very good company with good oppurtunities and good pay

  • Salary - Excellent
    • +4 more

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

read more
  • Job security - Poor

Senior Business Development Executive in Ongole

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 09 Jun 2023
2.0
 for  Salary and Benefits

Likes

No positive to tell company not good salary not good supporting staff.

Dislikes

Treating very cheap to front line employees(Field workers).and also no support to superior s.. always blamed for front line employees.

read more
  • Salary - Poor
    • +4 more

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

read more
  • Salary - Poor
    • +6 more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
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·
works at
Georgia-Pacific
New offer. Confused.
My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?
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SBI Life Insurance Company Divisional Manager Salary FAQs

What is the salary of Divisional Manager at SBI Life Insurance Company ?
The average salary of a Divisional Manager at SBI Life Insurance Company in India typically ranges from ₹12.0 Lakhs to ₹25.0 Lakhs per year, depending on experience (from 13 years to 25 years).

The top 10% of Divisional Manager at SBI Life Insurance Company earn more than ₹23.9 Lakhs per year, and the top 1% earn over ₹25.0 Lakhs per year. Divisional 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 Divisional Manager at SBI Life Insurance Company in India?
The estimated take-home salary of a Divisional Manager at SBI Life Insurance Company in India typically ranges from ₹1,27,659 to ₹1,31,936 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹25.0 Lakhs per year for employees with experience ranging from 13 years to 25 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.
What are the key skills required to be a Divisional Manager at SBI Life Insurance Company ?
To be a Divisional Manager at SBI Life Insurance Company in india, the key skills required include:

  • - Customer Complaints
  • - Sales
  • - Customer Service
  • - Activation
  • - Customer Centric

These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SBI Life Insurance Company for Divisional Manager in India?
Life Insurance Corporation of India ₹16.0 Lakhs to ₹25.0 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 Divisional Manager in companies similar to SBI Life Insurance Company in India?
The salary of a Divisional 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:

Kotak Mahindara Life Insurance ₹13.0 Lakhs to ₹20.0 Lakhs per year
United India Insurance Company ₹12.5 Lakhs to ₹23.2 Lakhs per year
The New India Assurance Co. ₹10.7 Lakhs to ₹22.0 Lakhs per year
The Oriental Insurance Co. ₹12.0 Lakhs to ₹13.4 Lakhs per year
Star Health & Allied Insurance ₹4.0 Lakhs to ₹14.0 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 Divisional Manager at SBI Life Insurance Company in India?
The salary growth for a Divisional Manager at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a Divisional Manager can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
13 years ₹12.5 Lakhs to ₹17.6 Lakhs per year
14 years ₹13.0 Lakhs to ₹17.6 Lakhs per year
15 years ₹12.0 Lakhs to ₹25.0 Lakhs per year
and so on.

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SBI Life Insurance Company Divisional Manager Salaries by Location

SBI Life Insurance Company Divisional Manager salary in India ranges between ₹12 Lakhs to ₹25 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 37 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.