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

13 - 25 years exp.

₹12 Lakhs - ₹25 Lakhs

Salary of majority employees

15% 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. (22 salaries)	₹12 L/yr - ₹23 L/yr
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Sales & Business Development Divisional Manager Salary 13 - 25 years exp. (10 salaries)	₹17.4 L/yr - ₹25 L/yr

Last Updated: 22 Nov 2024

Companies similar to SBI Life Insurance Company for Divisional Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Divisional Manager Salary 3 - 16 years exp. (6 salaries)	₹3.4 L/yr - ₹9.5 L/yr 63% less
Kotak Mahindara Life Insurance Divisional Manager Salary 12 - 20 years exp. (9 salaries)	₹14 L/yr - ₹20 L/yr 9% less
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Life Insurance Corporation of India Divisional Manager Salary 30 - 32 years exp. (10 salaries)	₹15 L/yr - ₹25 L/yr 6% less
Star Health & Allied Insurance Divisional Manager Salary 8 - 17 years exp. (73 salaries)	₹4 L/yr - ₹14.2 L/yr 60% less
Shriram Life Insurance Divisional Manager Salary 5 - 14 years exp. (10 salaries)	₹5.6 L/yr - ₹9.5 L/yr 67% less
The New India Assurance Co. Divisional Manager Salary 12 - 24 years exp. (4 salaries)	₹10.7 L/yr - ₹22 L/yr 21% less
United India Insurance Company Divisional Manager Salary 9 - 13 years exp. (4 salaries)	₹12.5 L/yr - ₹23.2 L/yr 10% less
The Oriental Insurance Co. Divisional Manager Salary 10 - 15 years exp. (3 salaries)	₹12 L/yr - ₹13.4 L/yr 36% 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 38 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Divisional Manager salaries

Last Updated: 22 Nov 2024

Experience	Avg Annual Salary
13 years (4 salaries)	₹12.5 L/yr - ₹32.1 L/yr
14 years (3 salaries)	₹13 L/yr - ₹32.7 L/yr
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15+ years (31 salaries)	₹12 L/yr - ₹25 L/yr

Similar Designation salaries in SBI Life Insurance Company

Regional Manager Salary

(6 salaries)

₹30 L/yr - ₹39.09 L/yr

Business Manager Salary

(27 salaries)

₹5.1 L/yr - ₹8.5 L/yr

Senior Sales Manager Salary

(4 salaries)

₹3.4 L/yr - ₹4.5 L/yr

Branch Manager Salary

(160 salaries)

₹6.5 L/yr - ₹15.7 L/yr

Area Manager Salary

(265 salaries)

₹5 L/yr - ₹14.21 L/yr

Marketing Manager Salary

(16 salaries)

₹4.12 L/yr - ₹17 L/yr

Relationship Manager Salary

(51 salaries)

₹2.5 L/yr - ₹6.5 L/yr

Deputy Manager Salary

(41 salaries)

₹2.2 L/yr - ₹10 L/yr

Territory Manager Salary

(98 salaries)

₹4 L/yr - ₹7 L/yr

Sales Manager Salary

(82 salaries)

₹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

3.9

Rated by 9 employees for salary & benefits

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.

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.

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

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

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.

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

Senior Business Development Manager in Katni

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 20 Apr 2022

2.0

for Salary and Benefits

Likes

Best brand in insurance sector..well known..

Dislikes

Salary is low as per targets given by company..incentives are good but company has to think for good salary as well.. Products is not up to the mark as per market competition.

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a social media specialist

Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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SBI Life Insurance Company Divisional Manager Salary FAQs

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

Divisional Manager salary at SBI Life Insurance Company in India ranges between ₹12.0 Lakhs to ₹25.0 Lakhs for experience between 13 years to 25 years. According to our estimates it is 15% more than the average Divisional 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 Divisional Manager at SBI Life Insurance Company India compare with the average salary range for this job?

The average salary of a Divisional Manager at SBI Life Insurance Company is 15% more than the average salary of a Divisional Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Divisional Manager at SBI Life Insurance Company?

Customer Complaints, Sales, Customer Service, Activation and Customer Centric are some of the popular skills required to work as a Divisional Manager at SBI Life Insurance Company India.

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

Life Insurance Corporation of India Divisional Manager Salary - ₹15.0 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindara Life Insurance Divisional Manager Salary - ₹14.0 Lakhs to ₹20.0 Lakhs per year
United India Insurance Company Divisional Manager Salary - ₹12.5 Lakhs to ₹23.2 Lakhs per year
The New India Assurance Co. Divisional Manager Salary - ₹10.7 Lakhs to ₹22.0 Lakhs per year
The Oriental Insurance Co. Divisional Manager Salary - ₹12.0 Lakhs to ₹13.4 Lakhs per year

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 ranges between ₹1,31,133 per month to ₹1,35,872 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Divisional Manager salary in India which ranges between ₹12.0 Lakhs to ₹25.0 Lakhs per year for employees with experience between 13 years to 25 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 60% of the SBI Life Insurance Company Divisional Managers reported a notice period of 3 Months, 17% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 30 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Divisional Manager Salaries by Location

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SBI Life Insurance Company Divisional Manager Salaries

SBI Life Insurance Company Divisional Manager salary in India ranges between ₹12 Lakhs to ₹25 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 Divisional Manager salaries in India

Companies similar to SBI Life Insurance Company for Divisional Manager

Latest annual salaries shared by SBI Life Insurance Company Divisional Manager

Experience wise SBI Life Insurance Company Divisional Manager salaries

Similar Designation salaries in SBI Life Insurance Company

Top skills at SBI Life Insurance Company for Divisional Manager

Salary related reviews for SBI Life Insurance Company

Area Sales Manager in Vijayawada

Business Development Executive in Gangtok

Senior Business Development Executive in Ongole

Business Development Manager in Rajkot

Senior Business Development Manager in Katni

SBI Life Insurance Company Divisional Manager Salary FAQs

Tell us how to improve this page.

SBI Life Insurance Company Divisional Manager Salaries by Location