Search

Salaries

  • Reviews
  • Salaries
  • Interview Questions
  • About Company
  • Benefits
  • Jobs
  • Office Photos
  • Community
+ Contribute
notification
notification
Login
Upload Button Icon Add office photos
Employer? Claim Account for FREE

SBI Life Insurance Company

Compare button icon Compare button icon Compare
3.8

based on 3.9k Reviews

Play video Play video Video summary
filter salariesFilter salaries by

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

Annual salary range
11 - 20 years exp.
₹10 Lakhs - ₹27 Lakhs
Avg. annual salary
unlock blur

Monthly In-hand Salary

unlock blur

7% more than the average Divisional Sales Manager Salary in Insurance Companies for 11 - 20 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Divisional Sales Manager Salary
12 - 20 years exp. (12 salaries)
unlock-blur

₹10 L/yr - ₹20 L/yr

Sales & Business Development
Divisional Sales Manager Salary
11 - 20 years exp. (10 salaries)
unlock-blur

₹12 L/yr - ₹21 L/yr

Last Updated: 10 Mar 2025

Companies similar to SBI Life Insurance Company for Divisional Sales Manager

Company name Avg Annual Salary Open Jobs
Logo
Kotak Mahindara Life Insurance Divisional Sales Manager Salary

15 - 19 years exp. (4 salaries)
unlock blur

₹12.7 L/yr - ₹22 L/yr

arrow icon 1% more
Logo
Alkem Laboratories Divisional Sales Manager Salary

12 - 23 years exp. (139 salaries)
unlock blur

₹8 L/yr - ₹20 L/yr

arrow icon 5% less
Logo
Berger Paints Divisional Sales Manager Salary

12 - 24 years exp. (90 salaries)
unlock blur

₹15.1 L/yr - ₹36.2 L/yr

arrow icon 60% more
Logo
FDC Divisional Sales Manager Salary

15 - 26 years exp. (55 salaries)
unlock blur

₹8.5 L/yr - ₹17.5 L/yr

arrow icon 19% less
Logo
Eureka Forbes Divisional Sales Manager Salary

9 - 15 years exp. (46 salaries)
unlock blur

₹7.2 L/yr - ₹18 L/yr

arrow icon 37% less
Divisional Sales Manager salary at SBI Life Insurance Company ranges between ₹10 Lakhs to ₹27 Lakhs per year for employees with experience between 11 years to 20 years. Salary estimates are based on 31 latest salaries received from various employees of SBI Life Insurance Company.

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

2d ago
₹16.1 Lakhs
20 years exp.
4mo ago
₹18 Lakhs
11 years exp.
5mo ago
₹16.1 Lakhs
19 years exp.
6mo ago
₹15 Lakhs
16 years exp.
7mo ago
₹21 Lakhs
14 years exp.
7mo ago
avg blur mobile
20 years exp.
8mo ago
avg blur mobile
19 years exp.
9mo ago
avg blur mobile
18 years exp.
10mo ago
avg blur mobile
18 years exp.
11mo ago
avg blur mobile
17 years exp.

Experience wise SBI Life Insurance Company Divisional Sales Manager salaries

Last Updated: 10 Mar 2025

Experience Avg Annual Salary
11 years (AmbitionBox Estimate)

unlock blur

₹6.6 L/yr - ₹18 L/yr
12 years (AmbitionBox Estimate)

unlock blur

₹6.6 L/yr - ₹18.4 L/yr
13 years (AmbitionBox Estimate)

unlock blur

₹6.6 L/yr - ₹18 L/yr
14 years (AmbitionBox Estimate)

unlock blur

₹14.5 L/yr - ₹21 L/yr
15+ years  (26 salaries)

unlock blur

₹10 L/yr - ₹27 L/yr

Similar Designation salaries in SBI Life Insurance Company

Business Development Manager Salary
(941 salaries)
unlock blur
₹1.9 L/yr - ₹7 L/yr
Senior Business Development Executive Salary
(425 salaries)
unlock blur
₹2.7 L/yr - ₹5.35 L/yr
Senior Business Development Manager Salary
(207 salaries)
unlock blur
₹3.4 L/yr - ₹8.52 L/yr
Branch Manager Salary
(171 salaries)
unlock blur
₹6.5 L/yr - ₹15.7 L/yr
Senior Area Manager Salary
(128 salaries)
unlock blur
₹9 L/yr - ₹21 L/yr
Territory Manager Salary
(110 salaries)
unlock blur
₹4 L/yr - ₹7.1 L/yr
Sales Officer Salary
(102 salaries)
unlock blur
₹1.8 L/yr - ₹4 L/yr
Senior Agency Manager Salary
(93 salaries)
unlock blur
₹3.4 L/yr - ₹5.2 L/yr
Sales Manager Salary
(86 salaries)
unlock blur
₹1.2 L/yr - ₹5.6 L/yr
Senior Branch Manager Salary
(66 salaries)
unlock blur
₹9 L/yr - ₹18.5 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

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

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

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.

read more
  • Salary - Poor
see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All
Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
Verified Icon
·
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?
FeedCard Image
Got a question about SBI Life Insurance Company?
Ask anonymously on communities.
More about working at SBI Life Insurance Company

SBI Life Insurance Company Divisional Sales Manager Salary FAQs

What is the salary of Divisional Sales Manager at SBI Life Insurance Company ?
The average salary of a Divisional Sales Manager at SBI Life Insurance Company in India typically ranges from ₹10.0 Lakhs to ₹27.0 Lakhs per year, depending on experience (from 11 years to 20 years).

The top 10% of Divisional Sales Manager at SBI Life Insurance Company earn more than ₹20.0 Lakhs per year, and the top 1% earn over ₹27.0 Lakhs per year. Divisional Sales 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 Sales Manager at SBI Life Insurance Company in India?
The estimated take-home salary of a Divisional Sales Manager at SBI Life Insurance Company in India typically ranges from ₹1,13,522 to ₹1,16,681 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹27.0 Lakhs per year for employees with experience ranging from 11 years to 20 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 Sales Manager at SBI Life Insurance Company ?
To be a Divisional Sales Manager at SBI Life Insurance Company in india, the key skills required include:

  • - Tied Channel
  • - Life Insurance
  • - Branch Management
  • - Branch Handling
  • - agency

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 Sales Manager in India?
Berger Paints ₹15.1 Lakhs to ₹36.2 Lakhs per year
Kotak Mahindara Life Insurance ₹12.7 Lakhs to ₹22.0 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 Sales Manager in companies similar to SBI Life Insurance Company in India?
The salary of a Divisional Sales 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:

Alkem Laboratories ₹8.0 Lakhs to ₹20.0 Lakhs per year
FDC ₹8.5 Lakhs to ₹17.5 Lakhs per year
Eureka Forbes ₹7.2 Lakhs to ₹18.0 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 Sales Manager at SBI Life Insurance Company in India?
The salary growth for a Divisional Sales Manager at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a Divisional Sales Manager can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
11 years ₹6.6 Lakhs to ₹18.0 Lakhs per year
12 years ₹6.6 Lakhs to ₹18.4 Lakhs per year
13 years ₹6.6 Lakhs to ₹18.0 Lakhs per year
14 years ₹14.5 Lakhs to ₹21.0 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Divisional Sales Manager Salaries by Location

SBI Life Insurance Company Divisional Sales Manager salary in India ranges between ₹10 Lakhs to ₹27 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 31 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.