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

11 - 20 years exp.

₹10 Lakhs - ₹28 Lakhs

Salary of majority employees

12% more than the average Divisional Sales Manager Salary in Insurance Companies for 11 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading Divisional Sales Manager Salary 12 - 17 years exp. (10 salaries)	₹10 L/yr - ₹20 L/yr
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Sales & Business Development Divisional Sales Manager Salary 11 - 20 years exp. (10 salaries)	₹12 L/yr - ₹21 L/yr

Last Updated: 16 Oct 2024

Companies similar to SBI Life Insurance Company for Divisional Sales Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Divisional Sales Manager Salary 15 - 19 years exp. (4 salaries)	₹12.7 L/yr - ₹22 L/yr 3% less
Alkem Laboratories Divisional Sales Manager Salary 12 - 26 years exp. (148 salaries)	₹8 L/yr - ₹20.7 L/yr 9% less
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Berger Paints Divisional Sales Manager Salary 14 - 22 years exp. (69 salaries)	₹15.1 L/yr - ₹36.2 L/yr 50% more	1 job opening
FDC Divisional Sales Manager Salary 14 - 24 years exp. (51 salaries)	₹8.3 L/yr - ₹15.8 L/yr 28% less
Eureka Forbes Divisional Sales Manager Salary 9 - 15 years exp. (45 salaries)	₹7.2 L/yr - ₹18 L/yr 37% less

Divisional Sales Manager salary at SBI Life Insurance Company ranges between ₹10 Lakhs to ₹28 Lakhs per year for employees with experience between 11 years to 20 years. Salary estimates are based on 30 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Divisional Sales Manager salaries

Last Updated: 16 Oct 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹18 L/yr
12 years (AmbitionBox Estimate)	₹7 L/yr - ₹18.4 L/yr
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13 years (AmbitionBox Estimate)	₹7 L/yr - ₹18 L/yr
14 years (AmbitionBox Estimate)	₹14.5 L/yr - ₹21 L/yr
15+ years (25 salaries)	₹10 L/yr - ₹28 L/yr

Similar Designation salaries in SBI Life Insurance Company

Business Development Manager Salary

(936 salaries)

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Senior Business Development Executive Salary

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₹2.7 L/yr - ₹5.35 L/yr

Senior Business Development Manager Salary

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Branch Manager Salary

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₹6.5 L/yr - ₹15.7 L/yr

Senior Agency Manager Salary

(161 salaries)

₹3.4 L/yr - ₹5.2 L/yr

Senior Area Manager Salary

(126 salaries)

₹9 L/yr - ₹21 L/yr

Territory Manager Salary

(100 salaries)

₹4 L/yr - ₹7 L/yr

Sales Manager Salary

(84 salaries)

₹1.2 L/yr - ₹5.6 L/yr

Senior Branch Manager Salary

(64 salaries)

₹9 L/yr - ₹18.5 L/yr

Relationship Manager Salary

(54 salaries)

₹2.5 L/yr - ₹6.5 L/yr

Top skills at SBI Life Insurance Company for Divisional Sales Manager

Tied Channel Life Insurance Branch Management Branch Handling agency Sales Agency Sales Branch Sales agency development DSM Agent Recruitment Agency Channel

Salary related reviews for SBI Life Insurance Company

3.2

Rated by 10 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.

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.

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

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..

Skill development - Good

+4 more

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.

Salary - Poor

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.

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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SBI Life Insurance Company Divisional Sales Manager Salary FAQs

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

Divisional Sales Manager salary at SBI Life Insurance Company in India ranges between ₹10.0 Lakhs to ₹28.0 Lakhs for experience between 11 years to 20 years. According to our estimates it is 12% more than the average Divisional Sales Manager Salary in India. Salary estimates are based on 30 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Divisional Sales Manager at SBI Life Insurance Company is 12% more than the average salary of a Divisional Sales Manager in India. To know exact salary insights, login to view.

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

Tied Channel, Life Insurance, Branch Management, Branch Handling and agency are some of the popular skills required to work as a Divisional Sales Manager at SBI Life Insurance Company India.

Which similar companies are paying more than SBI Life Insurance Company to a Divisional Sales Manager in India?

Berger Paints Divisional Sales Manager Salary - ₹15.1 Lakhs to ₹36.2 Lakhs per year

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

Kotak Mahindara Life Insurance Divisional Sales Manager Salary - ₹12.7 Lakhs to ₹22.0 Lakhs per year
Alkem Laboratories Divisional Sales Manager Salary - ₹8.0 Lakhs to ₹20.7 Lakhs per year
FDC Divisional Sales Manager Salary - ₹8.3 Lakhs to ₹15.8 Lakhs per year
Eureka Forbes Divisional Sales Manager Salary - ₹7.2 Lakhs to ₹18.0 Lakhs per year

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

The estimated take-home salary of a Divisional Sales Manager at SBI Life Insurance Company ranges between ₹1,18,212 per month to ₹1,21,522 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Divisional Sales Manager salary in India which ranges between ₹10.0 Lakhs to ₹28.0 Lakhs per year for employees with experience between 11 years to 20 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 74% of the SBI Life Insurance Company Divisional Sales Manager s reported a notice period of 3 Months, 13% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 23 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Divisional Sales Manager Salaries by Location

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SBI Life Insurance Company Divisional Sales Manager Salaries

SBI Life Insurance Company Divisional Sales Manager salary in India ranges between ₹10 Lakhs to ₹28 Lakhs with an average annual salary of ₹. Salary estimates are based on 30 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Divisional Sales Manager salaries in India

Companies similar to SBI Life Insurance Company for Divisional Sales Manager

Latest annual salaries shared by SBI Life Insurance Company Divisional Sales Manager

Experience wise SBI Life Insurance Company Divisional Sales Manager salaries

Similar Designation salaries in SBI Life Insurance Company

Top skills at SBI Life Insurance Company for Divisional Sales Manager

Salary related reviews for SBI Life Insurance Company

Area Sales Manager in Vijayawada

Senior Business Development Executive in Ongole

Business Development Manager in Rajkot

Senior Business Development Manager in Katni

Business Development Manager in Jaipur

SBI Life Insurance Company Divisional Sales Manager Salary FAQs

Tell us how to improve this page.

SBI Life Insurance Company Divisional Sales Manager Salaries by Location