SBI Life Insurance Company Varanasi Divisional Manager Salaries by 5 Employees

13 - 18 years exp.

₹17.6 Lakhs - ₹21 Lakhs

Avg. annual salary

Monthly In-hand Salary

107% more than the average Divisional Manager Salary in Insurance Companies for 13 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading Divisional Manager Salary 16 - 18 years exp. (3 salaries)	₹17.4 L/yr - ₹21 L/yr
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Sales & Business Development Divisional Manager Salary 13 - 14 years exp. (AmbitionBox Estimate)	₹17.6 L/yr - ₹22.3 L/yr

Last Updated: 31 May 2023

Companies similar to SBI Life Insurance Company for Divisional Manager in Varanasi

SBI Life Insurance Company Divisional Manager Salary

13 - 18 years exp. (5 salaries)

₹17.6 L/yr - ₹21 L/yr

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Divisional Manager Salary 11 - 15 years exp. (3 salaries)	₹7.5 L/yr - ₹9.1 L/yr 61% less
Bharat Financial Inclusion Divisional Manager Salary 2 - 14 years exp. (8 salaries)	₹9 L/yr - ₹14.4 L/yr 51% less
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Cyrix Health Care Divisional Manager Salary 8 - 11 years exp. (3 salaries)	₹5.3 L/yr - ₹7 L/yr 71% less	1 job opening

Divisional Manager salary at SBI Life Insurance Company ranges between ₹17.6 Lakhs to ₹21 Lakhs per year for employees with experience between 13 years to 18 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Divisional Manager salaries in Varanasi

Last Updated: 31 May 2023

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹15.9 L/yr - ₹20.4 L/yr
14 years (AmbitionBox Estimate)	₹16.3 L/yr - ₹20.8 L/yr
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15+ years (3 salaries)	₹20 L/yr - ₹21 L/yr

Similar Designation salaries in SBI Life Insurance Company

Unit Manager Salary

(4 salaries)

₹2.1 L/yr - ₹3.25 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

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

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.

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

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.

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

Salary - Poor

+6 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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SBI Life Insurance Company Divisional Manager Salary FAQs

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

The average salary of a Divisional Manager at SBI Life Insurance Company in Varanasi typically ranges from ₹17.6 Lakhs to ₹21.0 Lakhs per year, depending on experience (from 13 years to 18 years).

The top 10% of Divisional Manager in Varanasi at SBI Life Insurance Company earn more than ₹21.0 Lakhs per year, and the top 1% earn over ₹21.0 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 5 SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Divisional Manager at SBI Life Insurance Company in Varanasi typically ranges from ₹1,31,225 to ₹1,35,975 per month. This is based on the average salary range of ₹17.6 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from 13 years to 18 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 5 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 in Varanasi?

To be a Divisional Manager at SBI Life Insurance Company in Varanasi, 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.

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

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

Bharat Financial Inclusion	₹9.0 Lakhs to ₹14.4 Lakhs per year
Star Health & Allied Insurance	₹7.5 Lakhs to ₹9.1 Lakhs per year
Cyrix Health Care	₹5.3 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 Divisional Manager at SBI Life Insurance Company in Varanasi?

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

Experience	Average Salary Range
13 years	₹15.9 Lakhs to ₹20.4 Lakhs per year
14 years	₹16.3 Lakhs to ₹20.8 Lakhs per year
15 years	₹20.0 Lakhs to ₹21.0 Lakhs per year

and so on.

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SBI Life Insurance Company Divisional Manager Salaries in Varanasi

SBI Life Insurance Company Divisional Manager salary in Varanasi ranges between ₹17.6 Lakhs to ₹21 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.