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SBI Life Insurance Company Life Insurance Manager salaries in India

Annual salary range
3 - 6 years exp.
₹2.5 Lakhs - ₹5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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10% more than the average Life Insurance Manager Salary in Insurance Companies for 3 - 6 years of experience

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Salaries in different departments

Consulting
Life Insurance Manager Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹2.8 L/yr - ₹3 L/yr

Sales & Business Development
Life Insurance Manager Salary
4 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹5 L/yr

Last Updated: 6 Jun 2024

Companies similar to SBI Life Insurance Company for Life Insurance Manager

Company name Avg Annual Salary Open Jobs
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₹2.4 L/yr - ₹4 L/yr

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HDFC Life Life Insurance Manager Salary

1 - 6 years exp. (23 salaries)

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₹3 L/yr - ₹5.2 L/yr

arrow icon 6% less
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₹2.8 L/yr - ₹5.5 L/yr

arrow icon 3% less
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₹3.3 L/yr - ₹4.5 L/yr

arrow icon 9% less
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₹2.8 L/yr - ₹5 L/yr

arrow icon 4% less
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₹1.8 L/yr - ₹4 L/yr

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₹3 L/yr - ₹6.3 L/yr

arrow icon 15% more
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₹3.7 L/yr - ₹4.5 L/yr

arrow icon 2% less
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PNB MetLife Life Insurance Manager Salary

1 - 8 years exp. (8 salaries)

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₹1.8 L/yr - ₹4.5 L/yr

arrow icon 19% less
Life Insurance Manager salary at SBI Life Insurance Company ranges between ₹2.5 Lakhs to ₹5 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Life Insurance Manager

7mo ago
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6 years exp.
9mo ago
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4 years exp.
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4 years exp.
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3 years exp.

Experience wise SBI Life Insurance Company Life Insurance Manager salaries

Last Updated: 6 Jun 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹3 L/yr - ₹6.9 L/yr
4 years  (3 salaries)

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₹2.5 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
6 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.5 L/yr

Similar Designation salaries in SBI Life Insurance Company

Branch Manager Salary
(160 salaries)
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₹6.5 L/yr - ₹15.7 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹20.9 L/yr - ₹26.7 L/yr
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₹3.75 L/yr - ₹15.15 L/yr
Area Manager Salary
(265 salaries)
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₹5 L/yr - ₹14.21 L/yr
Deputy Manager Salary
(41 salaries)
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₹2.2 L/yr - ₹10 L/yr
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₹4 L/yr - ₹7 L/yr
Sales Manager Salary
(82 salaries)
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₹1.2 L/yr - ₹5.6 L/yr
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₹1.88 L/yr - ₹6.5 L/yr
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₹2.5 L/yr - ₹6.5 L/yr
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₹5 L/yr - ₹14.25 L/yr

Top skills at SBI Life Insurance Company for Life Insurance Manager

Life Insurance Insurance Sales Team Management Agent Recruitment Selling

Salary related reviews for SBI Life Insurance Company

4.4

Rated by 3 employees for salary & benefits

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.

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.

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Full Time

 · 

Marketing & Communication Department

4.0
  •  posted on 13 Sep 2023

5.0
 for  Salary and Benefits

Likes

very good company with good oppurtunities and good pay

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

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Full Time

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Sales & Business Development Department

3.0
  •  posted on 01 Feb 2023

2.0
 for  Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

Official working days me bhi office bulate hain aur bill pay nahi karte hain personal life jaish kuchh nahi rehta hain aur morning 7:00am zoom start kar dete hain

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Full Time

 · 

Sels Department

5.0
  •  posted on 12 Apr 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.

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Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

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Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 25 Sep 2023

1.0
 for  Salary and Benefits

Likes

Only Job Security,

Dislikes

...hear from long time. Only due to not get any increment I have left the job..... You will hire new persons on higher package but you won't retain ur old employes on giving them some litter bit hike or increment. My humble request to you that plz take care of your old employes who are working on lower package or CTC, from long time...plz don't force them to leave the job due to lower Package... And plz start Rehiring. Lots of old employes are ready to work with sbilife Again.🙏

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SBI Life Insurance Company Life Insurance Manager Salary FAQs

What is the salary of Life Insurance Manager at SBI Life Insurance Company?
Life Insurance Manager salary at SBI Life Insurance Company in India ranges between ₹2.5 Lakhs to ₹5.0 Lakhs for experience between 3 years to 6 years. According to our estimates it is 10% more than the average Life Insurance Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company India.
How does the salary of a Life Insurance Manager at SBI Life Insurance Company India compare with the average salary range for this job?
The average salary of a Life Insurance Manager at SBI Life Insurance Company is 10% more than the average salary of a Life Insurance Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Life Insurance Manager at SBI Life Insurance Company?
Life Insurance, Insurance Sales, Team Management, Agent Recruitment and Selling are some of the popular skills required to work as a Life Insurance Manager at SBI Life Insurance Company India.
Which similar companies are paying more than SBI Life Insurance Company to a Life Insurance Manager in India?
  • Tata AIA Life Insurance Life Insurance Manager Salary - ₹3.0 Lakhs to ₹6.3 Lakhs per year
What is the salary of a Life Insurance Manager in companies similar to SBI Life Insurance Company in India?
  • Aditya Birla Sun Life Insurance Life Insurance Manager Salary - ₹3.7 Lakhs to ₹4.5 Lakhs per year
  • Max Life Insurance Life Insurance Manager Salary - ₹2.8 Lakhs to ₹5.5 Lakhs per year
  • Kotak Mahindara Life Insurance Life Insurance Manager Salary - ₹2.8 Lakhs to ₹5.0 Lakhs per year
  • HDFC Life Life Insurance Manager Salary - ₹3.0 Lakhs to ₹5.2 Lakhs per year
  • Bajaj Allianz Life Insurance Life Insurance Manager Salary - ₹3.3 Lakhs to ₹4.5 Lakhs per year
What is the estimated take home salary of a Life Insurance Manager at SBI Life Insurance Company in India?
The estimated take-home salary of a Life Insurance Manager at SBI Life Insurance Company ranges between ₹28,819 per month to ₹30,201 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Life Insurance Manager salary in India which ranges between ₹2.5 Lakhs to ₹5.0 Lakhs per year for employees with experience between 3 years to 6 years. Check how did we calculate take home salary?
What is the notice period for Life Insurance Manager at SBI Life Insurance Company?
According to AmbitionBox, 40% of the SBI Life Insurance Company Life Insurance Managers reported a notice period of 15 days or less, 30% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

SBI Life Insurance Company Life Insurance Manager salary in India ranges between ₹2.5 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.