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SBI Life Insurance Company Manager salaries in India (Updated 2025)

Annual salary range
3 - 20 years exp.
₹5.2 Lakhs - ₹18 Lakhs
Salary of majority employees
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Fixed (81%)
₹9.1 Lakhs
Variable (19%)
₹2.1 Lakhs
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31% less than the average Manager Salary in Insurance Companies for 3 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager Salary
3 - 20 years exp. (70 salaries)
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₹4.5 L/yr - ₹18 L/yr

Customer Success, Service & Operations
Manager Salary
3 - 19 years exp. (51 salaries)
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₹6.5 L/yr - ₹17 L/yr

Data Science & Analytics
Manager Salary
3 - 20 years exp. (23 salaries)
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₹5.5 L/yr - ₹12.7 L/yr

Marketing & Communication
Manager Salary
3 - 15 years exp. (18 salaries)
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₹6.5 L/yr - ₹15 L/yr

Finance & Accounting
Manager Salary
3 - 16 years exp. (17 salaries)
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₹7.5 L/yr - ₹15.6 L/yr

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Last Updated: 1 Mar 2025

Companies similar to SBI Life Insurance Company for Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Manager Salary

2 - 16 years exp. (463 salaries)

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₹4.5 L/yr - ₹15.7 L/yr

arrow icon 18% less
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ICICI Prudential Life Insurance Manager Salary

1 - 13 years exp. (284 salaries)

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₹3 L/yr - ₹13 L/yr

arrow icon 30% less
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Axis Max Life Insurance Manager Salary

5 - 15 years exp. (271 salaries)

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₹3.6 L/yr - ₹15.4 L/yr

arrow icon 23% less
8 job openings
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Bajaj Allianz Life Insurance Manager Salary

3 - 18 years exp. (177 salaries)

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₹5.9 L/yr - ₹22 L/yr

arrow icon 19% more
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Kotak Mahindara Life Insurance Manager Salary

0 - 12 years exp. (563 salaries)

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₹2.4 L/yr - ₹8.5 L/yr

arrow icon 52% less
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Tata AIA Life Insurance Manager Salary

4 - 18 years exp. (241 salaries)

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₹6.5 L/yr - ₹25.6 L/yr

arrow icon 29% more
3 job openings
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Reliance Nippon Life Insurance Manager Salary

2 - 18 years exp. (127 salaries)

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₹2.8 L/yr - ₹10.4 L/yr

arrow icon 48% less
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Aviva Life Insurance India Manager Salary

3 - 14 years exp. (54 salaries)

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₹7 L/yr - ₹17.6 L/yr

arrow icon 1% more
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Bharti AXA Life Insurance Manager Salary

3 - 16 years exp. (114 salaries)

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₹5 L/yr - ₹17.4 L/yr

arrow icon 1% less
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PNB MetLife Manager Salary

6 - 17 years exp. (76 salaries)

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₹4.8 L/yr - ₹15.5 L/yr

arrow icon 7% less
2 job openings
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Manager salary at SBI Life Insurance Company ranges between ₹5.2 Lakhs to ₹18 Lakhs per year for employees with experience between 3 years to 20 years. Salary estimates are based on 270 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Manager

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Experience wise SBI Life Insurance Company Manager salaries

Last Updated: 1 Mar 2025

Experience Avg Annual Salary
3 years  (28 salaries)

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₹8 L/yr - ₹12.5 L/yr
4 years  (21 salaries)

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₹5.1 L/yr - ₹14 L/yr
5 years  (23 salaries)

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₹5.4 L/yr - ₹15.5 L/yr
6 years  (10 salaries)

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₹6.5 L/yr - ₹16 L/yr
7 years  (12 salaries)

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₹7.2 L/yr - ₹14.3 L/yr
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SBI Life Insurance Company Manager Salary and Career Growth

From

To

Manager

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3 - 20 years exp.

Associate Vice President

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9 - 20 years exp.

From

To

Manager

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3 - 20 years exp.

Senior Manager

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5 - 14 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in SBI Life Insurance Company

Audit Manager Salary
(4 salaries)
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₹5.15 L/yr - ₹10.5 L/yr
Credit Manager Salary
(AmbitionBox Estimate)
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₹15.8 L/yr - ₹20.2 L/yr
Deputy Manager Salary
(38 salaries)
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₹2.5 L/yr - ₹10 L/yr
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₹8 L/yr - ₹12 L/yr
Proprietor Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
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₹5.1 L/yr - ₹10.5 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹9 L/yr - ₹11.5 L/yr
Senior Associate Salary
(537 salaries)
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₹2 L/yr - ₹7 L/yr
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₹2 L/yr - ₹7.5 L/yr
Deputy General Manager Salary
(AmbitionBox Estimate)
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₹33.8 L/yr - ₹43.1 L/yr

Top skills at SBI Life Insurance Company for Manager

Operations Insurance Operations data governance HP Data Protector New Business
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Salary related reviews for SBI Life Insurance Company

3.1

Rated by 41 employees for salary & benefits

Full Time

 · 

Engineering - Software & QA Department

5.0
  •  posted on 29 Jun 2023

3.0
 for  Salary and Benefits

Likes

Job security. Insurance and medical benefits. Canteen. Leaves. Work life balance. Pick and drop bus facility. Events and outings.

read more
  • Job security - Excellent
  • +1 more

Dislikes

No promotion. Dirty internal politics. Less increment that too ratio of increment is more in variable rather than in hand salary. Lots of favouritism. HR and Admin are of no use. These people and other senior people think they owned the company. People from management want to set process but they won't follow the same. More preference is given to outsourced vendors rather than on roll employees.

read more
  • Skill development - Bad
  • +1 more

BFSI, Investments & Trading Department

4.0
  •  posted on 25 Apr 2021

3.0
 for  Salary and Benefits

Likes

Work life balance is the best part about the company. Lot of exposure to different roles. Life at regional office is tought whereas it is much better at Head office.

read more
  • Skill development - Good
  • +4 more

Dislikes

Slightly better compensation policy required. Other competitors are leading in that.

read more

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.

read more
  • Skill development - Poor
  • +4 more

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.

read more
  • 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

read more
  • Work satisfaction - Poor
  • +2 more

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

read more
see more salary related reviews

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SBI Life Insurance Company Manager Salary FAQs

What is the salary of Manager at SBI Life Insurance Company?
Manager salary at SBI Life Insurance Company in India ranges between ₹5.2 Lakhs to ₹18.0 Lakhs for experience between 3 years to 20 years. According to our estimates it is 31% less than the average Manager Salary in India. Salary estimates are based on 270 latest salaries received from various employees of SBI Life Insurance Company India.
How does the salary of a Manager at SBI Life Insurance Company India compare with the average salary range for this job?
The average salary of a Manager at SBI Life Insurance Company is 31% less than the average salary of a Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Manager at SBI Life Insurance Company?
Operations, Insurance Operations, data governance, HP Data Protector and New Business are some of the popular skills required to work as a Manager at SBI Life Insurance Company India.
Which similar companies are paying more than SBI Life Insurance Company to a Manager in India?
  • MetLife Manager Salary - ₹14.0 Lakhs to ₹54.0 Lakhs per year
  • Principal Global Services Manager Salary - ₹19.5 Lakhs to ₹40.0 Lakhs per year
  • AXA Manager Salary - ₹15.0 Lakhs to ₹34.5 Lakhs per year
  • United India Insurance Company Manager Salary - ₹10.0 Lakhs to ₹26.0 Lakhs per year
  • Bajaj Allianz General Insurance Manager Salary - ₹7.0 Lakhs to ₹30.0 Lakhs per year
What is the salary of a Manager in companies similar to SBI Life Insurance Company in India?
  • The Oriental Insurance Co. Manager Salary - ₹7.0 Lakhs to ₹20.0 Lakhs per year
  • AIG Manager Salary - ₹9.0 Lakhs to ₹22.0 Lakhs per year
  • Tata AIA Life Insurance Manager Salary - ₹6.5 Lakhs to ₹25.6 Lakhs per year
  • Marsh Manager Salary - ₹7.5 Lakhs to ₹25.3 Lakhs per year
  • Gallagher Manager Salary - ₹8.9 Lakhs to ₹14.0 Lakhs per year
What is the estimated take home salary of a Manager at SBI Life Insurance Company in India?
The estimated take-home salary of a Manager at SBI Life Insurance Company ranges between ₹80,085 per month to ₹82,170 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Manager salary in India which ranges between ₹5.2 Lakhs to ₹18.0 Lakhs per year for employees with experience between 3 years to 20 years. Check how did we calculate take home salary?
What is the notice period for Manager at SBI Life Insurance Company?
According to AmbitionBox, 60% of the SBI Life Insurance Company Managers reported a notice period of 3 Months, 18% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 245 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Manager salary in India ranges between ₹5.2 Lakhs to ₹18 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 270 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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