SBI Life Insurance Company Chennai Management Trainee Salaries by 8 Employees (Updated 2025)

0 - 1 year exp.

₹5.8 Lakhs - ₹9 Lakhs

Avg. annual salary

Monthly In-hand Salary

10% more than the average Management Trainee Salary in Insurance Companies for 0 - 1 year of experience

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Salaries in different departments

Marketing & Communication Management Trainee Salary Fresher (3 salaries)	₹5.9 L/yr - ₹8.9 L/yr
Sales & Business Development Management Trainee Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹8.2 L/yr
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Human Resources Management Trainee Salary Fresher (AmbitionBox Estimate)	₹7.5 L/yr - ₹9 L/yr

Last Updated: 17 Mar 2025

Companies similar to SBI Life Insurance Company for Management Trainee in Chennai

SBI Life Insurance Company Management Trainee Salary

0 - 1 year exp. (8 salaries)

₹5.8 L/yr - ₹9 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Management Trainee Salary 0 - 2 years exp. (17 salaries)	₹3.5 L/yr - ₹6.5 L/yr 47% less
HDFC Life Management Trainee Salary 1 - 3 years exp. (4 salaries)	₹9.8 L/yr - ₹13 L/yr 36% more
Login to view exact salary
Genpact Management Trainee Salary 0 - 13 years exp. (373 salaries)	₹2.7 L/yr - ₹9.2 L/yr 19% less	19 job openings
Access Healthcare Management Trainee Salary 6 - 12 years exp. (105 salaries)	₹2.4 L/yr - ₹9 L/yr 11% less	1 job opening
ICICI Bank Management Trainee Salary 0 - 4 years exp. (38 salaries)	₹12 L/yr - ₹19.5 L/yr 112% more

Management Trainee salary at SBI Life Insurance Company ranges between ₹5.8 Lakhs to ₹9 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 8 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Management Trainee salaries in Chennai

Last Updated: 17 Mar 2025

Experience	Avg Annual Salary
Fresher (7 salaries)	₹5.8 L/yr - ₹9 L/yr
Login to view exact salary
1 year (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary

(22 salaries)

₹2.4 L/yr - ₹5.5 L/yr

Process Associate Salary

(3 salaries)

₹1.2 L/yr - ₹3.12 L/yr

Salary related reviews for SBI Life Insurance Company

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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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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SBI Life Insurance Company Management Trainee Salary FAQs

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

The average salary of a Management Trainee at SBI Life Insurance Company in Chennai typically ranges from ₹5.8 Lakhs to ₹9.0 Lakhs per year, depending on experience (from Fresher to 1 year).

The top 10% of Management Trainee in Chennai at SBI Life Insurance Company earn more than ₹8.6 Lakhs per year, and the top 1% earn over ₹9.0 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 8 SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Management Trainee at SBI Life Insurance Company in Chennai typically ranges from ₹56,760 to ₹58,185 per month. This is based on the average salary range of ₹5.8 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from Fresher to 1 year.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 8 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?

ICICI Bank	₹12.0 Lakhs to ₹19.5 Lakhs per year
HDFC Life	₹9.8 Lakhs to ₹13.0 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 Chennai?

The salary of a Management Trainee at companies similar to SBI Life Insurance Company in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Access Healthcare	₹2.4 Lakhs to ₹9.0 Lakhs per year
Genpact	₹2.7 Lakhs to ₹9.2 Lakhs per year
Kotak Mahindara Life Insurance	₹3.5 Lakhs to ₹6.5 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 Chennai?

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

Experience	Average Salary Range
Fresher	₹5.8 Lakhs to ₹9.0 Lakhs per year
1 year	₹6.9 Lakhs to ₹8.8 Lakhs per year

and so on.

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SBI Life Insurance Company Management Trainee Salaries in Chennai

SBI Life Insurance Company Management Trainee salary in Chennai ranges between ₹5.8 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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

Companies similar to SBI Life Insurance Company for Management Trainee in Chennai

Latest annual salaries shared by SBI Life Insurance Company Management Trainee in Chennai

Experience wise SBI Life Insurance Company Management Trainee salaries in Chennai

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.