SBI Life Insurance Company Financial Consultant Salaries by 5 Employees

1 - 4 years exp.

₹1.5 Lakh - ₹2.5 Lakhs

Low Confidence

Salary of majority employees

69% less than the average Financial Consultant Salary in Insurance Companies for 1 - 4 years of experience

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Last Updated: 27 Apr 2024

Companies similar to SBI Life Insurance Company for Financial Consultant

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Financial Consultant Salary 0 - 5 years exp. (168 salaries)	₹2 L/yr - ₹5 L/yr 77% more
HDFC Life Financial Consultant Salary 0 - 4 years exp. (136 salaries)	₹1 L/yr - ₹7 L/yr 41% more
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Axis Max Life Insurance Financial Consultant Salary 1 - 4 years exp. (7 salaries)	₹2.4 L/yr - ₹4.5 L/yr 83% more
Tata AIA Life Insurance Financial Consultant Salary 1 - 4 years exp. (5 salaries)	₹1.1 L/yr - ₹5 L/yr 110% more
PNB MetLife Financial Consultant Salary 3 - 8 years exp. (5 salaries)	₹2 L/yr - ₹5.3 L/yr 70% more
Life Insurance Corporation of India Financial Consultant Salary 1 - 5 years exp. (4 salaries)	₹1.2 L/yr - ₹2.2 L/yr 7% more
Reliance Nippon Life Insurance Financial Consultant Salary 2 - 6 years exp. (3 salaries)	₹1.1 L/yr - ₹3 L/yr 10% less
Bajaj Allianz Life Insurance Financial Consultant Salary 2 - 19 years exp. (3 salaries)	₹3 L/yr - ₹16.5 L/yr 391% more
HDFC Ergo General Insurance Financial Consultant Salary 1 - 2 years exp. (3 salaries)	₹1.8 L/yr - ₹6 L/yr 69% more
Kotak Mahindara Life Insurance Financial Consultant Salary 3 - 14 years exp. (3 salaries)	₹1 L/yr - ₹4.6 L/yr 130% more

Financial Consultant salary at SBI Life Insurance Company ranges between ₹1.5 Lakh to ₹2.5 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Financial Consultant salaries

Last Updated: 27 Apr 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.5 L/yr
2 years (AmbitionBox Estimate)	₹0.7 L/yr - ₹2 L/yr
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3 years (AmbitionBox Estimate)	₹2 L/yr - ₹3.8 L/yr
4 years (AmbitionBox Estimate)	₹1 L/yr - ₹2.5 L/yr

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Salary related reviews for SBI Life Insurance Company

4.9

Rated by 2 employees for salary & benefits

Management Trainee in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 02 Nov 2023

4.0

for Salary and Benefits

Likes

Salary and benefits are supportive.

Salary - Good

+1 more

Dislikes

No work life balance. The sales team pushes things like hell specially in the eastern region of the country. Third Saturday is a leave according to the company's leave policies but we don't get that leave.

Skill development - Poor

+4 more

Senior Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 May 2022

3.0

for Salary and Benefits

Likes

Average work environment and culture . Teammates are supportive and the management is selfish. Company policies are bad . Appraisals not fair in this company.

Job security - Good

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is very slow

Work satisfaction - Poor

+2 more

Senior Associate in Jaipur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 Apr 2018

3.0

for Salary and Benefits

Likes

Company is

Job security - Good

+1 more

Dislikes

Company is good but as per process of career growth, it is very slow. Company's salary structure is also not good. My salary is less than a person who is coming on my position which I had before 2 years

Senior Associate in Sultanpur

BFSI, Investments & Trading Department

5.0

• posted on 29 Oct 2020

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 salary hike and bonus every year.

Salary - Excellent

+6 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

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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 Financial Consultant Salary FAQs

What is the salary of Financial Consultant at SBI Life Insurance Company ?

The average salary of a Financial Consultant at SBI Life Insurance Company in India typically ranges from ₹1.5 Lakhs to ₹2.5 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Financial Consultant at SBI Life Insurance Company earn more than ₹2.5 Lakhs per year, and the top 1% earn over ₹2.5 Lakhs per year. Financial Consultant 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 Financial Consultant at SBI Life Insurance Company in India?

The estimated take-home salary of a Financial Consultant at SBI Life Insurance Company in India typically ranges from ₹13,290 to ₹14,709 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from 1 year to 4 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.

Which companies offer higher salaries than SBI Life Insurance Company for Financial Consultant in India?

Bajaj Allianz Life Insurance	₹3.0 Lakhs to ₹16.5 Lakhs per year
Kotak Mahindara Life Insurance	₹1.0 Lakhs to ₹4.6 Lakhs per year
Tata AIA Life Insurance	₹1.1 Lakhs to ₹5.0 Lakhs per year
Axis Max Life Insurance	₹2.4 Lakhs to ₹4.5 Lakhs per year
ICICI Prudential Life Insurance	₹2.0 Lakhs to ₹5.0 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 Financial Consultant in companies similar to SBI Life Insurance Company in India?

The salary of a Financial Consultant 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:

PNB MetLife	₹2.0 Lakhs to ₹5.3 Lakhs per year
HDFC Ergo General Insurance	₹1.8 Lakhs to ₹6.0 Lakhs per year
HDFC Life	₹1.0 Lakhs to ₹7.0 Lakhs per year
Life Insurance Corporation of India	₹1.2 Lakhs to ₹2.2 Lakhs per year
Reliance Nippon Life Insurance	₹1.1 Lakhs to ₹3.0 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 Financial Consultant at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
1 year	₹1.5 Lakhs to ₹1.5 Lakhs per year
2 years	₹0.7 Lakhs to ₹2.0 Lakhs per year
3 years	₹2.0 Lakhs to ₹3.8 Lakhs per year
4 years	₹1.0 Lakhs to ₹2.5 Lakhs per year

and so on.

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SBI Life Insurance Company Financial Consultant Salaries

SBI Life Insurance Company Financial Consultant salary in India ranges between ₹1.5 Lakh to ₹2.5 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.