SBI Life Insurance Company Insurance Associate Salaries by 7 Employees

0 - 13 years exp.

₹1.8 Lakh - ₹5.3 Lakhs

Low Confidence

Salary of majority employees

At par with 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
MetLife Insurance Associate Salary 0 - 6 years exp. (184 salaries)	₹1 L/yr - ₹5.5 L/yr 16% more	2 job openings
ICICI Prudential Life Insurance Insurance Associate Salary 3 - 5 years exp. (7 salaries)	₹2.5 L/yr - ₹4.1 L/yr 5% less
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Gallagher Insurance Associate Salary 0 - 3 years exp. (6 salaries)	₹2.5 L/yr - ₹4.2 L/yr 6% less
ICICI Lombard General Insurance Company Insurance Associate Salary 0 - 8 years exp. (5 salaries)	₹2.5 L/yr - ₹3 L/yr 18% less
Bajaj Allianz Life Insurance Insurance Associate Salary 1 - 5 years exp. (5 salaries)	₹1.8 L/yr - ₹5 L/yr 2% more
Kotak Mahindara Life Insurance Insurance Associate Salary 0 - 4 years exp. (5 salaries)	₹1.8 L/yr - ₹3.2 L/yr 35% less
HDFC Ergo General Insurance Insurance Associate Salary 3 - 4 years exp. (4 salaries)	₹2 L/yr - ₹4.1 L/yr 16% less
PNB MetLife Insurance Associate Salary 1 - 9 years exp. (4 salaries)	₹2 L/yr - ₹8 L/yr 8% more
HDFC Life Insurance Associate Salary 0 - 3 years exp. (4 salaries)	₹1.2 L/yr - ₹4 L/yr 35% 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

View all

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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.

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

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

Skill development - Good

+4 more

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

Skill development - Good

+1 more

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

Salary - Poor

+3 more

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

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Shifting from Bangalore to Hyderabad

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SBI Life Insurance Company Insurance Associate Salary FAQs

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

The average salary of a Insurance Associate at SBI Life Insurance Company in India typically ranges from ₹1.8 Lakhs to ₹5.3 Lakhs per year, depending on experience (from Fresher to 13 years).

The top 10% of Insurance Associate at SBI Life Insurance Company earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.3 Lakhs per year. Insurance Associate 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 7 SBI Life Insurance Company employees in India.

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 in India typically ranges from ₹25,034 to ₹26,472 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹5.3 Lakhs per year for employees with experience ranging from Fresher to 13 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 7 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 Associate in India?

MetLife	₹1.0 Lakhs to ₹5.5 Lakhs per year
PNB MetLife	₹2.0 Lakhs to ₹8.0 Lakhs per year
Bajaj Allianz Life Insurance	₹1.8 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 Insurance Associate in companies similar to SBI Life Insurance Company in India?

The salary of a Insurance Associate 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 Prudential Life Insurance	₹2.5 Lakhs to ₹4.1 Lakhs per year
Gallagher	₹2.5 Lakhs to ₹4.2 Lakhs per year
HDFC Ergo General Insurance	₹2.0 Lakhs to ₹4.1 Lakhs per year
ICICI Lombard General Insurance Company	₹2.5 Lakhs to ₹3.0 Lakhs per year
Kotak Mahindara Life Insurance	₹1.8 Lakhs to ₹3.2 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 Associate at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
Fresher	₹0.9 Lakhs to ₹4.0 Lakhs per year
1 year	₹1.0 Lakhs to ₹3.0 Lakhs per year
2 years	₹1.8 Lakhs to ₹4.8 Lakhs per year
3 years	₹2.6 Lakhs to ₹5.1 Lakhs per year

and so on.

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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.