SBI Life Insurance Company Manager Salaries by 200+ Employees (Updated 2025)

3 - 20 years exp.

₹5.2 Lakhs - ₹18 Lakhs

Salary of majority employees

Fixed (81%)

₹9.1 Lakhs

Variable (19%)

₹2.1 Lakhs

31% less than the average Manager Salary in Insurance Companies for 3 - 20 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Manager Salary 3 - 20 years exp. (70 salaries)	₹4.5 L/yr - ₹18 L/yr
Customer Success, Service & Operations Manager Salary 3 - 19 years exp. (51 salaries)	₹6.5 L/yr - ₹17 L/yr
Login to view exact salary
Data Science & Analytics Manager Salary 3 - 20 years exp. (23 salaries)	₹5.5 L/yr - ₹12.7 L/yr
Marketing & Communication Manager Salary 3 - 15 years exp. (18 salaries)	₹6.5 L/yr - ₹15 L/yr
Finance & Accounting Manager Salary 3 - 16 years exp. (17 salaries)	₹7.5 L/yr - ₹15.6 L/yr

View all

Last Updated: 1 Mar 2025

Companies similar to SBI Life Insurance Company for Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Manager Salary 2 - 16 years exp. (467 salaries)	₹4.5 L/yr - ₹15.6 L/yr 18% less
ICICI Prudential Life Insurance Manager Salary 1 - 13 years exp. (286 salaries)	₹3 L/yr - ₹13 L/yr 30% less
Login to view exact salary
Max Life Insurance Manager Salary 5 - 15 years exp. (243 salaries)	₹3.6 L/yr - ₹14 L/yr 24% less	6 job openings
Bajaj Allianz Life Insurance Manager Salary 3 - 18 years exp. (188 salaries)	₹5.5 L/yr - ₹20.4 L/yr 10% more
Kotak Mahindara Life Insurance Manager Salary 0 - 12 years exp. (562 salaries)	₹2.4 L/yr - ₹8.5 L/yr 52% less
Tata AIA Life Insurance Manager Salary 4 - 18 years exp. (241 salaries)	₹6.5 L/yr - ₹25.6 L/yr 29% more	7 job openings
Reliance Nippon Life Insurance Manager Salary 2 - 18 years exp. (128 salaries)	₹1.2 L/yr - ₹9.9 L/yr 52% less
Aviva Life Insurance India Manager Salary 3 - 14 years exp. (54 salaries)	₹7 L/yr - ₹17.6 L/yr 1% more
Bharti AXA Life Insurance Manager Salary 3 - 16 years exp. (115 salaries)	₹5 L/yr - ₹17.4 L/yr 2% less
PNB MetLife Manager Salary 6 - 17 years exp. (76 salaries)	₹4.8 L/yr - ₹15.5 L/yr 7% less	2 job openings

View all

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.

Experience wise SBI Life Insurance Company Manager salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
3 years (28 salaries)	₹8 L/yr - ₹12.5 L/yr
4 years (21 salaries)	₹5.1 L/yr - ₹14 L/yr
Login to view exact salary
5 years (23 salaries)	₹5.4 L/yr - ₹15.5 L/yr
6 years (10 salaries)	₹6.5 L/yr - ₹16 L/yr
7 years (12 salaries)	₹7.2 L/yr - ₹14.3 L/yr
8 years (19 salaries)	₹5.5 L/yr - ₹16 L/yr
9 years (8 salaries)	₹6.8 L/yr - ₹13.8 L/yr
10 years (16 salaries)	₹7.2 L/yr - ₹16.8 L/yr
11 years (17 salaries)	₹7 L/yr - ₹15 L/yr
12 years (21 salaries)	₹4.5 L/yr - ₹16.3 L/yr
13 years (14 salaries)	₹6.2 L/yr - ₹18 L/yr
14 years (15 salaries)	₹8 L/yr - ₹16 L/yr
15+ years (66 salaries)	₹5 L/yr - ₹18 L/yr

View all

From

Manager

3 - 20 years exp.

Associate Vice President

₹

Lakhs/yr

9 - 20 years exp.

From

Manager

3 - 20 years exp.

Senior Manager

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)

₹5.15 L/yr - ₹10.5 L/yr

Credit Manager Salary

(AmbitionBox Estimate)

₹15.8 L/yr - ₹20.2 L/yr

Deputy Manager Salary

(38 salaries)

₹2.5 L/yr - ₹10 L/yr

Finance Manager Salary

(4 salaries)

₹8 L/yr - ₹12 L/yr

Proprietor Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Management Trainee Salary

(37 salaries)

₹5.1 L/yr - ₹10.5 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Senior Associate Salary

(537 salaries)

₹2 L/yr - ₹6.75 L/yr

Financial Analyst Salary

(6 salaries)

₹2 L/yr - ₹7.5 L/yr

Deputy General Manager Salary

(AmbitionBox Estimate)

₹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

Salary related reviews for SBI Life Insurance Company

3.1

Rated by 41 employees for salary & benefits

Manager in Navi Mumbai

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.

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.

Skill development - Bad

+1 more

Manager in Mumbai

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.

Skill development - Good

+4 more

Dislikes

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

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

Got a question about SBI Life Insurance Company?

Ask anonymously on communities.

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.

Tell us how to improve this page.

SBI Life Insurance Company Manager Salaries by Location

Home >
Salaries >
SBI Life Insurance Company Salaries >
SBI Life Insurance Company Manager Salaries

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

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

Companies similar to SBI Life Insurance Company for Manager

Latest annual salaries shared by SBI Life Insurance Company Manager

Experience wise SBI Life Insurance Company Manager salaries

Similar Designation salaries in SBI Life Insurance Company

Top skills at SBI Life Insurance Company for Manager

Salary related reviews for SBI Life Insurance Company

Manager in Navi Mumbai

Manager in Mumbai

Management Trainee in Kolkata

Senior Associate in New Delhi

Senior Associate in Jaipur

SBI Life Insurance Company Manager Salary FAQs

Tell us how to improve this page.

SBI Life Insurance Company Manager Salaries by Location