SBI Life Insurance Company Finance Manager Salaries by 4 Employees (Updated 2024)

5 - 15 years exp.

₹3.5 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

59% less than the average Finance Manager Salary in Insurance Companies for 5 - 15 years of experience

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Salaries in different departments

Customer Success, Service & Operations Finance Manager Salary 5 years exp. (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.5 L/yr
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Finance & Accounting Finance Manager Salary 15 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr

Last Updated: 16 Nov 2023

Companies similar to SBI Life Insurance Company for Finance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Finance Manager Salary 0 - 6 years exp. (110 salaries)	₹2.1 L/yr - ₹4.6 L/yr 51% less
HDFC Life Finance Manager Salary 1 - 4 years exp. (12 salaries)	₹2.3 L/yr - ₹4.5 L/yr 48% less
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Max Life Insurance Finance Manager Salary 0 - 12 years exp. (12 salaries)	₹2.5 L/yr - ₹6 L/yr 37% less
Bajaj Allianz Life Insurance Finance Manager Salary 5 - 16 years exp. (4 salaries)	₹13.5 L/yr - ₹18 L/yr 106% more
Kotak Mahindara Life Insurance Finance Manager Salary 0 - 5 years exp. (5 salaries)	₹1 L/yr - ₹4 L/yr 59% less
Reliance Nippon Life Insurance Finance Manager Salary 0 - 6 years exp. (5 salaries)	₹1.2 L/yr - ₹2.5 L/yr 75% less
Aditya Birla Sun Life Insurance Finance Manager Salary 2 - 9 years exp. (5 salaries)	₹3.8 L/yr - ₹10.7 L/yr 7% more
PNB MetLife Finance Manager Salary 0 - 3 years exp. (3 salaries)	₹9.5 L/yr - ₹11 L/yr 44% more
Life Insurance Corporation of India Finance Manager Salary 3 - 6 years exp. (3 salaries)	₹2.6 L/yr - ₹4.1 L/yr 48% less
Care Health Insurance Finance Manager Salary 0 - 17 years exp. (12 salaries)	₹2.7 L/yr - ₹11.6 L/yr 4% less
AIG Finance Manager Salary 7 - 14 years exp. (9 salaries)	₹13 L/yr - ₹21.1 L/yr 134% more
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HDFC Ergo General Insurance Finance Manager Salary 9 - 14 years exp. (7 salaries)	₹10 L/yr - ₹19.3 L/yr 92% more
ICICI Lombard General Insurance Company Finance Manager Salary 1 - 7 years exp. (6 salaries)	₹10 L/yr - ₹10.6 L/yr 48% more
MetLife Finance Manager Salary 11 - 15 years exp. (5 salaries)	₹15 L/yr - ₹24 L/yr 213% more
Star Health & Allied Insurance Finance Manager Salary 8 - 11 years exp. (4 salaries)	₹5 L/yr - ₹14 L/yr 26% more
Shriram Life Insurance Finance Manager Salary 1 - 6 years exp. (3 salaries)	₹2.3 L/yr - ₹5 L/yr 53% less

Finance Manager salary at SBI Life Insurance Company ranges between ₹3.5 Lakhs to ₹10 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Finance Manager salaries

Last Updated: 16 Nov 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹5.9 L/yr
6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹8.4 L/yr
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7 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
8 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
9 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
10 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
11 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
12 years (AmbitionBox Estimate)	₹8 L/yr - ₹14.6 L/yr
13 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
14 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
15+ years (AmbitionBox Estimate)	₹3.9 L/yr - ₹10 L/yr

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Salary related reviews for SBI Life Insurance Company

4.0

Rated by 1 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.

Branch Manager in Kumta

BFSI, Investments & Trading Department

3.0

• posted on 18 Jun 2020

3.0

for Salary and Benefits

Likes

Salary hike 3 to 5 % per year.Providing petrol exp and telephone exp based on cader.

Dislikes

Lot of politics, no HR Control , career growth is slow, induction training will not conducted in proper time. No value and respect for out Commer. High volume pressure on target and mental irritation. No any value addition from reporting manager.

Sales Support Associate in Kishanganj

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 17 Jan 2024

1.0

for Salary and Benefits

Likes

Even though the salary in this company is very less as per the work, the salary is paid on time.

Dislikes

In today's times, it is important to work to support my family properly, hence I give my 100% to this company so that someday my salary will increase but after working for more than 1 year, I am realizing that It is very difficult to move forward, here we have to work till late night due to which we are not able to give time to our family, and even after doing so much work, we get very low salary so that I cannot support my family properly. I don't know how to do it, even after working for more than 14 hours every day, I don't get any bonus also.

Development Manager in Jhargram

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 18 Oct 2023

1.0

for Salary and Benefits

Likes

...R profile like a puppet.Every single decesion are managed by higher authorities. No work and life balance, salary are on time but no increment very pathetic salary structure. No self respect. No work time. No emotion . Daily pressure. Vary vary bad 😭

Dislikes

Every thing Accept salary on time

Development Manager in Kolhapur

Full Time

Sales & Business Development Department

3.0

• posted on 23 Mar 2024

2.0

for Salary and Benefits

Likes

SBI LIFE company one of d best Lerner and advance business development company. I learnt about recruitment, business development, product knowledge, proper training, market identification, prospect screening everything... This base given me stronger now make my leadership skills, culture is very good, supportive operation staff, digital marketing services also digital payment security is one of d best function. I like learning, build relationships with my team, products and culture.

Dislikes

It's issue about low salary, holiday weekend not allowed, some seniors behaviour very rude and harrasment. Company HR not responded after leaving job, some manager HR not understanding what is situation about employee. Very badly speak in front of our team, ts hurt.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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SBI Life Insurance Company Finance Manager Salary FAQs

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

Finance Manager salary at SBI Life Insurance Company in India ranges between ₹3.5 Lakhs to ₹10.0 Lakhs for experience between 5 years to 15 years. According to our estimates it is 59% less than the average Finance Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Finance Manager at SBI Life Insurance Company is 59% less than the average salary of a Finance Manager in India. To know exact salary insights, login to view.

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

MetLife Finance Manager Salary - ₹15.0 Lakhs to ₹24.0 Lakhs per year
AIG Finance Manager Salary - ₹13.0 Lakhs to ₹21.1 Lakhs per year
Bajaj Allianz Life Insurance Finance Manager Salary - ₹13.5 Lakhs to ₹18.0 Lakhs per year
HDFC Ergo General Insurance Finance Manager Salary - ₹10.0 Lakhs to ₹19.3 Lakhs per year
ICICI Lombard General Insurance Company Finance Manager Salary - ₹10.0 Lakhs to ₹10.6 Lakhs per year

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

PNB MetLife Finance Manager Salary - ₹9.5 Lakhs to ₹11.0 Lakhs per year
Star Health & Allied Insurance Finance Manager Salary - ₹5.0 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Sun Life Insurance Finance Manager Salary - ₹3.8 Lakhs to ₹10.7 Lakhs per year
Care Health Insurance Finance Manager Salary - ₹2.7 Lakhs to ₹11.6 Lakhs per year
Max Life Insurance Finance Manager Salary - ₹2.5 Lakhs to ₹6.0 Lakhs per year

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

The estimated take-home salary of a Finance Manager at SBI Life Insurance Company ranges between ₹52,089 per month to ₹54,453 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Finance Manager salary in India which ranges between ₹3.5 Lakhs to ₹10.0 Lakhs per year for employees with experience between 5 years to 15 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the SBI Life Insurance Company Finance Managers reported a notice period of 15 days or less, 33% reported a notice period of 2 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Finance Manager Salaries

SBI Life Insurance Company Finance Manager salary in India ranges between ₹3.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.