SBI Life Insurance Company Insurance Associate Salaries by 7 Employees (Updated 2024)

0 - 13 years exp.

₹1.8 Lakh - ₹5.3 Lakhs

Low Confidence

Salary of majority employees

6% more than the average Insurance Associate Salary in Insurance Companies for 0 - 13 years of experience

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Salaries in different departments

Finance & Accounting Insurance Associate Salary 1 year exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Sales & Business Development Insurance Associate Salary 13 years exp. (AmbitionBox Estimate)	₹4.7 L/yr - ₹5.8 L/yr

Last Updated: 12 Dec 2023

Companies similar to SBI Life Insurance Company for Insurance Associate

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Insurance Associate Salary 3 - 5 years exp. (7 salaries)	₹2.5 L/yr - ₹4.1 L/yr 5% less
Bajaj Allianz Life Insurance Insurance Associate Salary 1 - 5 years exp. (5 salaries)	₹1.8 L/yr - ₹5 L/yr 2% more
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Kotak Mahindara Life Insurance Insurance Associate Salary 0 - 4 years exp. (5 salaries)	₹1.8 L/yr - ₹3.2 L/yr 35% less
PNB MetLife Insurance Associate Salary 1 - 8 years exp. (4 salaries)	₹2 L/yr - ₹8 L/yr 8% more
MetLife Insurance Associate Salary 0 - 5 years exp. (170 salaries)	₹1.5 L/yr - ₹5.5 L/yr 8% more
ICICI Lombard General Insurance Company Insurance Associate Salary 0 - 8 years exp. (5 salaries)	₹2.5 L/yr - ₹3 L/yr 18% less
Gallagher Insurance Associate Salary Fresher (4 salaries)	₹2.4 L/yr - ₹2.7 L/yr 27% less
HDFC Ergo General Insurance Insurance Associate Salary 1 - 6 years exp. (4 salaries)	₹2 L/yr - ₹3 L/yr 20% less

Insurance Associate salary at SBI Life Insurance Company ranges between ₹1.8 Lakh to ₹5.3 Lakhs per year for employees with less than 1 year of experience to 13 years. Salary estimates are based on 7 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Insurance Associate salaries

Last Updated: 12 Dec 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹0.9 L/yr - ₹4 L/yr
1 year (AmbitionBox Estimate)	₹1 L/yr - ₹3 L/yr
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2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.8 L/yr
3 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹5.1 L/yr
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.7 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
7 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
8 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
9 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
10 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.7 L/yr
11 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
12 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
13 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.3 L/yr

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Senior Process Associate Salary

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Salary related reviews for SBI Life Insurance Company

1.0

Rated by 1 employees for salary & benefits

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.

Dislikes

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

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

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

Operations Associate in K RPuram

BFSI, Investments & Trading Department

5.0

• posted on 27 Apr 2022

3.0

for Salary and Benefits

Likes

100Percent Job security upto retirement and company policies are very good but salary varies from management employees to locally recruited employees and remaining all facilities are equal

Dislikes

Ego issues with higher level officials

Operations Associate in Akola

BFSI, Investments & Trading Department

3.0

• posted on 30 May 2021

2.0

for Salary and Benefits

Likes

Very less pressure compare to other companies

Dislikes

Too much partiality. People from head office have growth opportunities. Also salary is very less as compared to work. Once I raised voice against such culture but nothing happened and I was blacklisted and targetted till now. It's HR job to look after employees grudges but they only suppress the voice

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.

see more salary related reviews

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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 Insurance Associate Salary FAQs

What is the salary of Insurance Associate at SBI Life Insurance Company?

Insurance Associate salary at SBI Life Insurance Company in India ranges between ₹1.8 Lakhs to ₹5.3 Lakhs for less than 1 year of experience to 13 years. According to our estimates it is 6% more than the average Insurance Associate Salary in India. Salary estimates are based on 7 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Insurance Associate at SBI Life Insurance Company is 6% more than the average salary of a Insurance Associate in India. To know exact salary insights, login to view.

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

MetLife Insurance Associate Salary - ₹1.5 Lakhs to ₹5.5 Lakhs per year
PNB MetLife Insurance Associate Salary - ₹2.0 Lakhs to ₹8.0 Lakhs per year
Bajaj Allianz Life Insurance Insurance Associate Salary - ₹1.8 Lakhs to ₹5.0 Lakhs per year

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

ICICI Prudential Life Insurance Insurance Associate Salary - ₹2.5 Lakhs to ₹4.1 Lakhs per year
ICICI Lombard General Insurance Company Insurance Associate Salary - ₹2.5 Lakhs to ₹3.0 Lakhs per year
HDFC Ergo General Insurance Insurance Associate Salary - ₹2.0 Lakhs to ₹3.0 Lakhs per year
Gallagher Insurance Associate Salary - ₹2.4 Lakhs to ₹2.7 Lakhs per year
Kotak Mahindara Life Insurance Insurance Associate Salary - ₹1.8 Lakhs to ₹3.2 Lakhs per year

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

The estimated take-home salary of a Insurance Associate at SBI Life Insurance Company ranges between ₹25,034 per month to ₹26,472 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Insurance Associate salary in India which ranges between ₹1.8 Lakhs to ₹5.3 Lakhs per year for employees with less than 1 year of experience to 13 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the SBI Life Insurance Company Insurance Associates reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Insurance Associate Salaries

SBI Life Insurance Company Insurance Associate salary in India ranges between ₹1.8 Lakh to ₹5.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.