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SBI Life Insurance Company Insurance Adviser salaries in New Delhi

Annual salary range
0 - 3 years exp.
₹1.5 Lakh - ₹4.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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At par with the average Insurance Adviser Salary in Insurance Companies for 0 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Insurance Adviser Salary
0 - 3 years exp. (3 salaries)
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₹1.6 L/yr - ₹3 L/yr

Finance & Accounting
Insurance Adviser Salary
1 year exp. (AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.6 L/yr

Sales & Business Development
Insurance Adviser Salary
1 year exp. (AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.2 L/yr

Last Updated: 22 Sep 2024

Companies similar to SBI Life Insurance Company for Insurance Adviser in New Delhi

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SBI Life Insurance Company Insurance Adviser Salary

0 - 3 years exp. (10 salaries)

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₹1.5 L/yr - ₹4.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹1.5 L/yr - ₹7.5 L/yr

arrow icon 17% more
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₹1 L/yr - ₹5 L/yr

arrow icon 14% more
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PNB MetLife Insurance Adviser Salary

1 - 7 years exp. (7 salaries)

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₹0.6 L/yr - ₹3.5 L/yr

arrow icon 10% less
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HDFC Life Insurance Adviser Salary

2 - 6 years exp. (7 salaries)

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₹2 L/yr - ₹5.3 L/yr

arrow icon 20% more
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₹2 L/yr - ₹3.6 L/yr

arrow icon 3% less
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₹1.2 L/yr - ₹4.8 L/yr

arrow icon 20% more
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₹1.8 L/yr - ₹3 L/yr

arrow icon 24% less
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₹2.4 L/yr - ₹4.5 L/yr

arrow icon 1% less
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₹1.5 L/yr - ₹3.1 L/yr

arrow icon 7% less
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₹2 L/yr - ₹4 L/yr

arrow icon 14% more
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₹2.3 L/yr - ₹2.7 L/yr

arrow icon 8% less
Insurance Adviser salary at SBI Life Insurance Company ranges between ₹1.5 Lakh to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 10 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Insurance Adviser in New Delhi

6mo ago
₹3 Lakhs
3 years exp.
9mo ago
₹2.5 Lakhs
1 year exp.
11mo ago
₹3.6 Lakhs
1 year exp.
1y ago
₹2 Lakhs
3 years exp.
1y ago
₹3 Lakhs
3 years exp.
1y ago
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1 year exp.

Experience wise SBI Life Insurance Company Insurance Adviser salaries in New Delhi

Last Updated: 22 Sep 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
1 year  (5 salaries)

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₹1.5 L/yr - ₹4.5 L/yr
2 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.3 L/yr
3 years  (3 salaries)

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₹2 L/yr - ₹3 L/yr
SBI Life Insurance Company Insurance Adviser Salary and Career Growth

From

To

Insurance Adviser

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0 - 6 years exp.

Senior Manager

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5 - 14 years exp.

Insurance Adviser 0 - 6 years exp.
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Manager 3 - 17 years exp.
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arrow icon 259% hike
    Senior Manager 5 - 14 years exp.
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    arrow icon -7% hike

    From

    To

    Insurance Adviser

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    0 - 6 years exp.

    Associate Vice President

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    9 - 20 years exp.

    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

    Salary related reviews for SBI Life Insurance Company

    5.0

    Rated by 3 employees for salary & benefits

    Sales & Business Development Department

    1.0
      •  posted on 26 Dec 2021

    2.0
     for  Salary and Benefits

    Likes

    Insurance advisors get only commissions based on the product they sell.. No salary.. No job security.. Nothing.. If you sell you get commission, otherwise no money.. There r people who make good money as an insurance advisor.. But i couldn't.. Good selling skill is needed to be a successful insurance agent.. Misselling happens all time.. The client interest is not taken care.. Even persons at top level of management don't know the difference between RRR n normal return.. They don't even know what's RRR.. Financial literacy should be given.. All learned persons know that insurance is not an investment but insurance advisors r taught that it's a good investment return product.. And it's also hard to make a layman wise on financial products.. Even educated people are reluctant to invest money in insurance.. Like I said, a good salesman can definitely make money.. But people with client' interest, ethics would find it hard.. My experience is less, not even 1 year but this is what I learned..

    read more
    • Company culture - Excellent
    • +1 more

    Dislikes

    There is nothing I dislike.. Good infrastructure.. Brand name s there.. But you have to toil hard to get clients.. Because no client means no commission and you have to reach a sales target for regular income.. No money is given to meet your indirect expenses like petrol etc..

    read more
    • Salary - Poor
    • +1 more

    Other Department

    4.0
      •  posted on 25 Apr 2022

    3.0
     for  Salary and Benefits

    Likes

    Good work environment and cultural.there is many good policies.give good salary or commission.and company is branded and good response from coustomar.

    read more
    • Promotions - Good
    • +1 more

    Dislikes

    There is some policies are not good.senior support is very worthy.there is lot of problem to issue policy and a huge terget for for every month.

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    SBI Life insurance Department

    5.0
      •  posted on 27 Mar 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.

    read more
    • Salary - Excellent
    • +6 more

    Dislikes

    All Right.

    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

    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.

    read more

    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.

    read more
    • Salary - Bad
    • +4 more
    see more salary related reviews

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    SBI Life Insurance Company Insurance Adviser Salary FAQs

    What is the salary of Insurance Adviser at SBI Life Insurance Company in New Delhi?
    The average salary of a Insurance Adviser at SBI Life Insurance Company in New Delhi typically ranges from ₹1.5 Lakhs to ₹4.5 Lakhs per year, depending on experience (from Fresher to 3 years).

    The top 10% of Insurance Adviser in New Delhi at SBI Life Insurance Company earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Insurance Adviser 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 10 SBI Life Insurance Company employees in India.
    What is the estimated take home salary of a Insurance Adviser at SBI Life Insurance Company in New Delhi?
    The estimated take-home salary of a Insurance Adviser at SBI Life Insurance Company in New Delhi typically ranges from ₹20,808 to ₹22,459 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from Fresher to 3 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 10 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 Insurance Adviser in India?
    Kotak Mahindara Life Insurance ₹1.2 Lakhs to ₹4.8 Lakhs per year
    HDFC Life ₹2.0 Lakhs to ₹5.3 Lakhs per year
    Life Insurance Corporation of India ₹1.5 Lakhs to ₹7.5 Lakhs per year
    ICICI Prudential Life Insurance ₹1.0 Lakhs to ₹5.0 Lakhs per year
    Star Health & Allied Insurance ₹2.0 Lakhs to ₹4.0 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 Insurance Adviser in companies similar to SBI Life Insurance Company in New Delhi?
    The salary of a Insurance Adviser at companies similar to SBI Life Insurance Company in New Delhi varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    Axis Max Life Insurance ₹2.4 Lakhs to ₹4.5 Lakhs per year
    Bajaj Allianz General Insurance ₹2.0 Lakhs to ₹3.6 Lakhs per year
    Aditya Birla Sun Life Insurance ₹1.5 Lakhs to ₹3.1 Lakhs per year
    Shriram Life Insurance ₹2.3 Lakhs to ₹2.7 Lakhs per year
    PNB MetLife ₹0.6 Lakhs to ₹3.5 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 Insurance Adviser at SBI Life Insurance Company in New Delhi?
    The salary growth for a Insurance Adviser at SBI Life Insurance Company in New Delhi depends on factors such as experience, performance, and promotions. On average, a Insurance Adviser in New Delhi can expect the following growth trajectory at SBI Life Insurance Company:

    Experience Average Salary Range
    Fresher ₹2.5 Lakhs to ₹3.2 Lakhs per year
    1 year ₹1.5 Lakhs to ₹4.5 Lakhs per year
    2 years ₹2.6 Lakhs to ₹3.3 Lakhs per year
    3 years ₹2.0 Lakhs to ₹3.0 Lakhs per year
    and so on.

    Tell us how to improve this page.

    SBI Life Insurance Company Insurance Adviser salary in New Delhi ranges between ₹1.5 Lakh to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.