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

3 - 20 years exp.

₹4.9 Lakhs - ₹17 Lakhs

Salary of majority employees

Fixed (81%)

₹8.6 Lakhs

Variable (19%)

₹1.9 Lakhs

35% 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. (72 salaries)	₹4.5 L/yr - ₹17 L/yr
Customer Success, Service & Operations Manager Salary 3 - 19 years exp. (50 salaries)	₹5.6 L/yr - ₹16.5 L/yr
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Data Science & Analytics Manager Salary 3 - 19 years exp. (21 salaries)	₹5.5 L/yr - ₹12.7 L/yr
Finance & Accounting Manager Salary 3 - 16 years exp. (20 salaries)	₹5.5 L/yr - ₹15.6 L/yr
Marketing & Communication Manager Salary 3 - 15 years exp. (20 salaries)	₹6.5 L/yr - ₹15 L/yr

View all

Last Updated: 16 Mar 2025

Companies similar to SBI Life Insurance Company for Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Manager Salary 0 - 12 years exp. (558 salaries)	₹2.8 L/yr - ₹8.5 L/yr 50% less
HDFC Life Manager Salary 2 - 16 years exp. (464 salaries)	₹4 L/yr - ₹15.6 L/yr 14% less	1 job opening
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HDFC Ergo General Insurance Manager Salary 4 - 16 years exp. (433 salaries)	₹4.5 L/yr - ₹16.4 L/yr 10% less
ICICI Prudential Life Insurance Manager Salary 1 - 13 years exp. (291 salaries)	₹3.5 L/yr - ₹12 L/yr 26% less
Axis Max Life Insurance Manager Salary 5 - 15 years exp. (250 salaries)	₹3.6 L/yr - ₹15.5 L/yr 16% less	4 job openings
ICICI Lombard General Insurance Company Manager Salary 2 - 15 years exp. (269 salaries)	₹3 L/yr - ₹12.2 L/yr 35% less
Tata AIA Life Insurance Manager Salary 4 - 18 years exp. (279 salaries)	₹5.6 L/yr - ₹24.6 L/yr 32% more	2 job openings
Aditya Birla Health Insurance Co Manager Salary 1 - 12 years exp. (206 salaries)	₹5 L/yr - ₹17 L/yr 7% less
Aditya Birla Sun Life Insurance Manager Salary 0 - 12 years exp. (190 salaries)	₹3.8 L/yr - ₹15 L/yr 12% less
Bajaj Allianz Life Insurance Manager Salary 3 - 18 years exp. (191 salaries)	₹5.5 L/yr - ₹22 L/yr 19% more

View all

Manager salary at SBI Life Insurance Company ranges between ₹4.9 Lakhs to ₹17 Lakhs per year for employees with experience between 3 years to 20 years. Salary estimates are based on 297 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Manager salaries

Last Updated: 16 Mar 2025

Experience	Avg Annual Salary
3 years (29 salaries)	₹8 L/yr - ₹12.5 L/yr
4 years (21 salaries)	₹5.1 L/yr - ₹14 L/yr
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5 years (24 salaries)	₹4.4 L/yr - ₹12.7 L/yr
6 years (12 salaries)	₹5.6 L/yr - ₹14.5 L/yr
7 years (19 salaries)	₹4.5 L/yr - ₹15 L/yr
8 years (25 salaries)	₹4.8 L/yr - ₹16 L/yr
9 years (14 salaries)	₹4.5 L/yr - ₹14 L/yr
10 years (19 salaries)	₹7.2 L/yr - ₹16.8 L/yr
11 years (19 salaries)	₹7 L/yr - ₹15 L/yr
12 years (22 salaries)	₹4.5 L/yr - ₹16.3 L/yr
13 years (15 salaries)	₹6 L/yr - ₹11.9 L/yr
14 years (17 salaries)	₹7 L/yr - ₹16 L/yr
15+ years (61 salaries)	₹6.5 L/yr - ₹17 L/yr

View all

From

Manager

3 - 20 years exp.

Senior Manager

5 - 14 years exp.

From

Manager

3 - 20 years exp.

Associate Vice President

9 - 20 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

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(4 salaries)

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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)

₹3.54 L/yr - ₹10.5 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Senior Associate Salary

(539 salaries)

₹2.3 L/yr - ₹6.8 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

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Top trending discussions

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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SBI Life Insurance Company Manager Salary FAQs

What is the salary of Manager at SBI Life Insurance Company ?

The average salary of a Manager at SBI Life Insurance Company in India typically ranges from ₹4.9 Lakhs to ₹17.0 Lakhs per year, depending on experience (from 3 years to 20 years).

The top 10% of Manager at SBI Life Insurance Company earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹16.4 Lakhs per year. Manager 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 200+ SBI Life Insurance Company employees in India.

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 in India typically ranges from ₹75,733 to ₹77,695 per month. This is based on the average salary range of ₹4.9 Lakhs to ₹17.0 Lakhs per year for employees with experience ranging from 3 years to 20 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 200+ salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Manager at SBI Life Insurance Company ?

To be a Manager at SBI Life Insurance Company in india, the key skills required include:

- Operations
- Insurance Operations
- data governance
- HP Data Protector
- New Business

These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than SBI Life Insurance Company for Manager in India?

MetLife	₹14.0 Lakhs to ₹52.0 Lakhs per year
Principal Global Services	₹19.5 Lakhs to ₹40.0 Lakhs per year
AXA	₹15.0 Lakhs to ₹34.5 Lakhs per year
United India Insurance Company	₹10.0 Lakhs to ₹26.0 Lakhs per year
Bajaj Allianz General Insurance	₹6.8 Lakhs to ₹25.0 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 Manager in companies similar to SBI Life Insurance Company in India?

The salary of a Manager 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:

The Oriental Insurance Co.	₹7.0 Lakhs to ₹20.0 Lakhs per year
AIG	₹9.0 Lakhs to ₹22.0 Lakhs per year
Marsh	₹7.5 Lakhs to ₹25.3 Lakhs per year
Tata AIA Life Insurance	₹5.6 Lakhs to ₹24.6 Lakhs per year
Gallagher	₹8.9 Lakhs to ₹14.0 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 Manager at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
3 years	₹8.0 Lakhs to ₹12.5 Lakhs per year
4 years	₹5.1 Lakhs to ₹14.0 Lakhs per year
5 years	₹4.4 Lakhs to ₹12.7 Lakhs per year
6 years	₹5.6 Lakhs to ₹14.5 Lakhs per year

and so on.

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SBI Life Insurance Company Manager Salaries by Location

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SBI Life Insurance Company Manager Salaries

SBI Life Insurance Company Manager salary in India ranges between ₹4.9 Lakhs to ₹17 Lakhs with an average annual salary of ₹. Salary estimates are based on 297 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