SBI Life Insurance Company Finance Manager Salaries by 4 Employees (Updated 2025)

10 - 15 years exp.

₹8 Lakhs - ₹12 Lakhs

Low Confidence

Salary of majority employees

41% less than the average Finance Manager Salary in Insurance Companies for 10 - 15 years of experience

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Last Updated: 10 Feb 2025

Companies similar to SBI Life Insurance Company for Finance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Finance Manager Salary 1 - 6 years exp. (102 salaries)	₹2.1 L/yr - ₹4.7 L/yr 65% less
Axis Max Life Insurance Finance Manager Salary 0 - 12 years exp. (12 salaries)	₹2.5 L/yr - ₹6 L/yr 57% less
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HDFC Life Finance Manager Salary 1 - 5 years exp. (12 salaries)	₹2.3 L/yr - ₹4.5 L/yr 65% less
AIG Finance Manager Salary 7 - 14 years exp. (9 salaries)	₹13 L/yr - ₹21.1 L/yr 59% more
ICICI Lombard General Insurance Company Finance Manager Salary 1 - 7 years exp. (6 salaries)	₹10 L/yr - ₹10.6 L/yr 1% more
HDFC Ergo General Insurance Finance Manager Salary 8 - 18 years exp. (6 salaries)	₹9.8 L/yr - ₹15.7 L/yr 19% more
Reliance Nippon Life Insurance Finance Manager Salary 0 - 7 years exp. (5 salaries)	₹1.2 L/yr - ₹2.5 L/yr 83% less
MetLife Finance Manager Salary 11 - 15 years exp. (5 salaries)	₹15 L/yr - ₹24 L/yr 113% more
Aditya Birla Sun Life Insurance Finance Manager Salary 2 - 9 years exp. (5 salaries)	₹3.8 L/yr - ₹10.7 L/yr 28% less
Bajaj Allianz Life Insurance Finance Manager Salary 5 - 18 years exp. (5 salaries)	₹13.5 L/yr - ₹18 L/yr 45% more
Kotak Mahindara Life Insurance Finance Manager Salary 0 - 5 years exp. (5 salaries)	₹1 L/yr - ₹4 L/yr 72% less
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Bajaj Allianz General Insurance Finance Manager Salary 14 - 24 years exp. (4 salaries)	₹17 L/yr - ₹21 L/yr 82% more
Star Health & Allied Insurance Finance Manager Salary 8 - 11 years exp. (4 salaries)	₹5 L/yr - ₹14 L/yr 14% less
Shriram Life Insurance Finance Manager Salary 1 - 6 years exp. (3 salaries)	₹2.3 L/yr - ₹5 L/yr 68% less
Life Insurance Corporation of India Finance Manager Salary 3 - 6 years exp. (3 salaries)	₹2.6 L/yr - ₹4.1 L/yr 65% less
PNB MetLife Finance Manager Salary 0 - 6 years exp. (3 salaries)	₹3.9 L/yr - ₹11 L/yr 20% less

Finance Manager salary at SBI Life Insurance Company ranges between ₹8 Lakhs to ₹12 Lakhs per year for employees with experience between 10 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: 10 Feb 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹12 L/yr
11 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹12.5 L/yr
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12 years (AmbitionBox Estimate)	₹8 L/yr - ₹18.8 L/yr
13 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
14 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
15+ years (AmbitionBox Estimate)	₹3.6 L/yr - ₹10 L/yr

View all

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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.

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.

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.

Job security - Bad

+4 more

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

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.

Salary - Bad

+4 more

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 😭

Job security - Good

+1 more

Dislikes

Every thing Accept salary on time

Salary - Bad

+4 more

see more salary related reviews

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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SBI Life Insurance Company Finance Manager Salary FAQs

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

The average salary of a Finance Manager at SBI Life Insurance Company in India typically ranges from ₹8.0 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 10 years to 15 years).

The top 10% of Finance Manager at SBI Life Insurance Company earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Finance 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 4 SBI Life Insurance Company employees in India.

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 in India typically ranges from ₹73,639 to ₹75,542 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 10 years to 15 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 4 salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI Life Insurance Company for Finance Manager in India?

MetLife	₹15.0 Lakhs to ₹24.0 Lakhs per year
Bajaj Allianz General Insurance	₹17.0 Lakhs to ₹21.0 Lakhs per year
AIG	₹13.0 Lakhs to ₹21.1 Lakhs per year
Bajaj Allianz Life Insurance	₹13.5 Lakhs to ₹18.0 Lakhs per year
HDFC Ergo General Insurance	₹9.8 Lakhs to ₹15.7 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 Finance Manager in companies similar to SBI Life Insurance Company in India?

The salary of a Finance 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:

ICICI Lombard General Insurance Company	₹10.0 Lakhs to ₹10.6 Lakhs per year
Star Health & Allied Insurance	₹5.0 Lakhs to ₹14.0 Lakhs per year
PNB MetLife	₹3.9 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.8 Lakhs to ₹10.7 Lakhs per year
Axis Max Life Insurance	₹2.5 Lakhs to ₹6.0 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 Finance Manager at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
10 years	₹4.5 Lakhs to ₹12.0 Lakhs per year
11 years	₹9.8 Lakhs to ₹12.5 Lakhs per year
12 years	₹8.0 Lakhs to ₹18.8 Lakhs per year
13 years	₹9.0 Lakhs to ₹11.5 Lakhs per year

and so on.

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SBI Life Insurance Company Finance Manager Salaries

SBI Life Insurance Company Finance Manager salary in India ranges between ₹8 Lakhs to ₹12 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.