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SBI Life Insurance Company Management Trainee salaries in Mumbai

Annual salary range
0 - 2 years exp.
₹5.3 Lakhs - ₹10.5 Lakhs
Salary of majority employees
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10% less 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. (3 salaries)
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₹7.5 L/yr - ₹10.5 L/yr

Data Science & Analytics
Management Trainee Salary
1 year exp. (AmbitionBox Estimate)
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₹5.8 L/yr - ₹7.8 L/yr

BFSI, Investments & Trading
Management Trainee Salary
1 year exp. (AmbitionBox Estimate)
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₹5.3 L/yr - ₹8.3 L/yr

Last Updated: 6 Jan 2025

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

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SBI Life Insurance Company Management Trainee Salary

0 - 2 years exp. (6 salaries)

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₹5.3 L/yr - ₹10.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Management Trainee Salary

0 - 4 years exp. (74 salaries)

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₹5 L/yr - ₹15 L/yr

arrow icon 24% more
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₹5 L/yr - ₹9.6 L/yr

arrow icon 16% less
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₹4 L/yr - ₹8.3 L/yr

arrow icon 11% less
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Max Life Insurance Management Trainee Salary

2 - 4 years exp. (3 salaries)

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₹21.2 L/yr - ₹22 L/yr

arrow icon 161% more
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₹7 L/yr - ₹20 L/yr

arrow icon 69% more
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₹3 L/yr - ₹7 L/yr

arrow icon 51% less
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₹6 L/yr - ₹10 L/yr

arrow icon 21% less
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₹4.6 L/yr - ₹10.4 L/yr

arrow icon 3% less
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₹7 L/yr - ₹15 L/yr

arrow icon 25% more
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₹9 L/yr - ₹13 L/yr

arrow icon 15% more
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₹2.2 L/yr - ₹12 L/yr

arrow icon 14% less
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₹6 L/yr - ₹14.8 L/yr

arrow icon 63% more
Management Trainee salary at SBI Life Insurance Company ranges between ₹5.3 Lakhs to ₹10.5 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company.

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

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Experience wise SBI Life Insurance Company Management Trainee salaries in Mumbai

Last Updated: 6 Jan 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹7.5 L/yr - ₹14.4 L/yr
1 year  (4 salaries)

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₹5.3 L/yr - ₹9 L/yr
2 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹10.5 L/yr

Similar Designation salaries in SBI Life Insurance Company

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₹3 L/yr - ₹6.75 L/yr
Deputy Manager Salary
(8 salaries)
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₹4.5 L/yr - ₹10 L/yr
Team Lead Salary
(5 salaries)
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₹3.6 L/yr - ₹4.8 L/yr

Salary related reviews for SBI Life Insurance Company

2.0

Rated by 5 employees for salary & benefits

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.

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.

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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.

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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 very slow

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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

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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.

read more

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 02 Dec 2024

2.0
 for  Salary and Benefits

Likes

Hr policy is very good of sbi life but Regional HR is Doll of Regional Director and Regional. Sbi life is a good Company like Government job for Back office employees like sales support, Operations department, Account Department, L&D Department and all Non Sales Employees. For Sales person QVP is Good if you have Good Branches and CIF

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Dislikes

...e those persons who are working in other companies and switching multiple times. A New Employee can get salary more then those employees who are working here from last 8 Year. Due to state bank sbi life is working other there is no respect of sbi life. Promotion norm is very hard, Increment norms is very bed. Over all this company is only for Lucky person like if you got a great cif or branches a temporary staff can do business. Over all this is very bed company for sales person due to QVP people stay here if Company announced there is no QVP 80% of Employees will left this company.

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SBI Life Insurance Company Management Trainee Salary FAQs

What is the salary of Management Trainee at SBI Life Insurance Company Mumbai?
Management Trainee salary at SBI Life Insurance Company in Mumbai ranges between ₹5.3 Lakhs to ₹10.5 Lakhs for less than 1 year of experience to 2 years. According to our estimates it is 10% less than the average Management Trainee Salary in India. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company Mumbai.
How does the salary of a Management Trainee at SBI Life Insurance Company Mumbai compare with the average salary range for this job?
The average salary of a Management Trainee at SBI Life Insurance Company is 10% less than the average salary of a Management Trainee in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than SBI Life Insurance Company to a Management Trainee in Mumbai?
  • Max Life Insurance Management Trainee Salary - ₹21.2 Lakhs to ₹22.0 Lakhs per year
  • Tata AIA Life Insurance Management Trainee Salary - ₹7.0 Lakhs to ₹20.0 Lakhs per year
  • HDFC Ergo General Insurance Management Trainee Salary - ₹6.0 Lakhs to ₹14.8 Lakhs per year
  • Aditya Birla Sun Life Insurance Management Trainee Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year
  • HDFC Life Management Trainee Salary - ₹5.0 Lakhs to ₹15.0 Lakhs per year
What is the salary of a Management Trainee in companies similar to SBI Life Insurance Company in Mumbai?
  • SBI General Insurance Management Trainee Salary - ₹9.0 Lakhs to ₹13.0 Lakhs per year
  • ICICI Lombard General Insurance Company Management Trainee Salary - ₹4.6 Lakhs to ₹10.4 Lakhs per year
  • Bajaj Allianz Life Insurance Management Trainee Salary - ₹4.0 Lakhs to ₹8.3 Lakhs per year
  • Aditya Birla Health Insurance Co Management Trainee Salary - ₹2.2 Lakhs to ₹12.0 Lakhs per year
  • ICICI Prudential Life Insurance Management Trainee Salary - ₹5.0 Lakhs to ₹9.6 Lakhs per year
What is the estimated take home salary of a Management Trainee at SBI Life Insurance Company in Mumbai?
The estimated take-home salary of a Management Trainee at SBI Life Insurance Company ranges between ₹59,880 per month to ₹61,393 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Management Trainee salary in India which ranges between ₹5.3 Lakhs to ₹10.5 Lakhs per year for employees with less than 1 year of experience to 2 years. Check how did we calculate take home salary?
What is the notice period for Management Trainee at SBI Life Insurance Company in Mumbai?
According to AmbitionBox, 67% of the SBI Life Insurance Company Management Trainees in Mumbai reported a notice period of 15 days or less, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Management Trainee salary in Mumbai ranges between ₹5.3 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.