SBI Life Insurance Company Management Trainee Salaries by 30+ Employees (Updated 2025)

0 - 2 years exp.

₹3.5 Lakhs - ₹10.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

10% more than the average Management Trainee Salary in Insurance Companies for 0 - 2 years of experience

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Salaries in different departments

Marketing & Communication Management Trainee Salary 0 - 2 years exp. (8 salaries)	₹5.9 L/yr - ₹10.5 L/yr
Sales & Business Development Management Trainee Salary 0 - 1 year exp. (7 salaries)	₹5.6 L/yr - ₹10.5 L/yr
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BFSI, Investments & Trading Management Trainee Salary 0 - 2 years exp. (6 salaries)	₹3.2 L/yr - ₹10.5 L/yr
Data Science & Analytics Management Trainee Salary 1 year exp. (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.8 L/yr
Human Resources Management Trainee Salary Fresher (AmbitionBox Estimate)	₹7.5 L/yr - ₹9 L/yr

Last Updated: 5 Apr 2025

Companies similar to SBI Life Insurance Company for Management Trainee

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Management Trainee Salary 0 - 2 years exp. (308 salaries)	₹4 L/yr - ₹9 L/yr 16% less
Kotak Mahindara Life Insurance Management Trainee Salary 0 - 3 years exp. (192 salaries)	₹2.7 L/yr - ₹6.3 L/yr 50% less	1 job opening
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ICICI Lombard General Insurance Company Management Trainee Salary 0 - 1 year exp. (148 salaries)	₹4.3 L/yr - ₹12 L/yr 3% more
HDFC Life Management Trainee Salary 0 - 3 years exp. (145 salaries)	₹5 L/yr - ₹15 L/yr 26% more
Bajaj Allianz General Insurance Management Trainee Salary 0 - 3 years exp. (85 salaries)	₹5.4 L/yr - ₹9.5 L/yr 1% less
Tata AIA Life Insurance Management Trainee Salary 0 - 4 years exp. (52 salaries)	₹5 L/yr - ₹19.2 L/yr 36% more
Bajaj Allianz Life Insurance Management Trainee Salary 0 - 6 years exp. (39 salaries)	₹3 L/yr - ₹10.5 L/yr 19% less
SBI General Insurance Management Trainee Salary 0 - 3 years exp. (34 salaries)	₹8 L/yr - ₹12 L/yr 10% more
Axis Max Life Insurance Management Trainee Salary 0 - 4 years exp. (15 salaries)	₹16 L/yr - ₹22 L/yr 158% more
Aditya Birla Sun Life Insurance Management Trainee Salary 0 - 1 year exp. (15 salaries)	₹7 L/yr - ₹15 L/yr 21% more
Marsh Management Trainee Salary 0 - 3 years exp. (7 salaries)	₹9.5 L/yr - ₹17 L/yr 51% more
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Aditya Birla Health Insurance Co Management Trainee Salary 0 - 1 year exp. (10 salaries)	₹3 L/yr - ₹12 L/yr 6% less
HDFC Ergo General Insurance Management Trainee Salary 0 - 1 year exp. (8 salaries)	₹6 L/yr - ₹14.8 L/yr 78% more
PNB MetLife Management Trainee Salary 0 - 2 years exp. (6 salaries)	₹6 L/yr - ₹7 L/yr 24% less
Reliance Nippon Life Insurance Management Trainee Salary 0 - 1 year exp. (4 salaries)	₹1.5 L/yr - ₹3 L/yr 64% less
AON Global Insurance Brokers Management Trainee Salary 0 - 1 year exp. (4 salaries)	₹6 L/yr - ₹10.5 L/yr 2% more
Shriram Life Insurance Management Trainee Salary 0 - 3 years exp. (4 salaries)	₹2 L/yr - ₹9.1 L/yr 30% less
AXA Management Trainee Salary 2 - 3 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 26% more
Allianz Management Trainee Salary 0 - 6 years exp. (3 salaries)	₹2.9 L/yr - ₹6.6 L/yr 47% less
Star Health & Allied Insurance Management Trainee Salary 0 - 12 years exp. (3 salaries)	₹1.8 L/yr - ₹6.5 L/yr 39% less

Management Trainee salary at SBI Life Insurance Company ranges between ₹3.5 Lakhs to ₹10.5 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 37 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Management Trainee

2w ago

₹5.8 Lakhs

9 months exp.

3w ago

₹10.5 Lakhs

2 years exp.

3w ago

₹9 Lakhs

7 months exp.

1mo ago

₹9 Lakhs

5 months exp.

2mo ago

₹6.5 Lakhs

2 years exp.

3mo ago

1 year exp.

3mo ago

5 months exp.

3mo ago

5 months exp.

4mo ago

2 months exp.

6mo ago

1 month exp.

Experience wise SBI Life Insurance Company Management Trainee salaries

Last Updated: 5 Apr 2025

Experience	Avg Annual Salary
Fresher (23 salaries)	₹4.7 L/yr - ₹10.5 L/yr
1 year (12 salaries)	₹5.3 L/yr - ₹10.5 L/yr
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2 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.3 L/yr

Similar Designation salaries in SBI Life Insurance Company

Finance Executive Salary

(5 salaries)

₹1.2 L/yr - ₹5.5 L/yr

Accountant Salary

(10 salaries)

₹4.6 L/yr - ₹11.71 L/yr

Team Lead Salary

(14 salaries)

₹2.3 L/yr - ₹6 L/yr

Financial Analyst Salary

(6 salaries)

₹2 L/yr - ₹7.5 L/yr

Accounts Officer Salary

(AmbitionBox Estimate)

₹475 L/yr - ₹525 L/yr

Analyst Salary

(4 salaries)

₹4.2 L/yr - ₹7.95 L/yr

Senior Associate Salary

(539 salaries)

₹2.3 L/yr - ₹7 L/yr

Process Associate Salary

(12 salaries)

₹1.2 L/yr - ₹3.5 L/yr

Senior Analyst Salary

(3 salaries)

₹10 L/yr - ₹50 L/yr

Deputy Manager Salary

(39 salaries)

₹2.2 L/yr - ₹10 L/yr

Salary related reviews for SBI Life Insurance Company

2.6

Rated by 16 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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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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SBI Life Insurance Company Management Trainee Salary FAQs

What is the salary of Management Trainee at SBI Life Insurance Company ?

The average salary of a Management Trainee at SBI Life Insurance Company in India typically ranges from ₹3.5 Lakhs to ₹10.5 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Management Trainee at SBI Life Insurance Company earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹10.5 Lakhs per year. Management Trainee 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 30+ SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Management Trainee at SBI Life Insurance Company in India typically ranges from ₹59,778 to ₹61,288 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from Fresher to 2 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 30+ 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 Management Trainee in India?

Axis Max Life Insurance	₹16.0 Lakhs to ₹22.0 Lakhs per year
HDFC Ergo General Insurance	₹6.0 Lakhs to ₹14.8 Lakhs per year
Marsh	₹9.5 Lakhs to ₹17.0 Lakhs per year
Tata AIA Life Insurance	₹5.0 Lakhs to ₹19.2 Lakhs per year
HDFC Life	₹5.0 Lakhs to ₹15.0 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 Management Trainee in companies similar to SBI Life Insurance Company in India?

The salary of a Management Trainee 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:

AXA	₹8.0 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹7.0 Lakhs to ₹15.0 Lakhs per year
SBI General Insurance	₹8.0 Lakhs to ₹12.0 Lakhs per year
ICICI Lombard General Insurance Company	₹4.3 Lakhs to ₹12.0 Lakhs per year
AON Global Insurance Brokers	₹6.0 Lakhs to ₹10.5 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 Management Trainee at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
Fresher	₹4.7 Lakhs to ₹10.5 Lakhs per year
1 year	₹5.3 Lakhs to ₹10.5 Lakhs per year
2 years	₹7.2 Lakhs to ₹9.3 Lakhs per year

and so on.

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SBI Life Insurance Company Management Trainee Salaries by Location

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SBI Life Insurance Company Management Trainee Salaries

SBI Life Insurance Company Management Trainee salary in India ranges between ₹3.5 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 37 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Management Trainee salaries in India (Updated 2025)

Companies similar to SBI Life Insurance Company for Management Trainee

Latest annual salaries shared by SBI Life Insurance Company Management Trainee

Experience wise SBI Life Insurance Company Management Trainee salaries

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Management Trainee in Kolkata

Senior Associate in New Delhi

Senior Associate in Jaipur

Senior Associate in Sultanpur

Business Development Manager in Deoghar

SBI Life Insurance Company Management Trainee Salary FAQs

Tell us how to improve this page.

SBI Life Insurance Company Management Trainee Salaries by Location