SBI Life Insurance Company Mumbai Manager II Salaries by 3 Employees (Updated 2025)

10 - 12 years exp.

₹12.8 Lakhs - ₹15 Lakhs

Low Confidence

Salary of majority employees

32% less than the average Manager II Salary in Insurance Companies for 10 - 12 years of experience

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Salaries in different departments

Marketing & Communication Manager II Salary 12 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹16.5 L/yr
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Risk Management & Compliance Manager II Salary 11 years exp. (AmbitionBox Estimate)	₹11.5 L/yr - ₹14 L/yr

Last Updated: 12 Apr 2024

Companies similar to SBI Life Insurance Company for Manager II in Mumbai

SBI Life Insurance Company Manager II Salary

10 - 12 years exp. (3 salaries)

₹12.8 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Manager II Salary 1 - 13 years exp. (97 salaries)	₹8 L/yr - ₹13.5 L/yr 23% less
ICICI Bank Manager II Salary 3 - 16 years exp. (141 salaries)	₹9.5 L/yr - ₹24.7 L/yr 25% more
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Flipkart Manager II Salary 4 - 15 years exp. (13 salaries)	₹18 L/yr - ₹26.2 L/yr 75% more	1 job opening
Sun Pharmaceutical Industries Manager II Salary 6 - 15 years exp. (12 salaries)	₹7.2 L/yr - ₹13.5 L/yr 19% less
PwC Manager II Salary 8 - 14 years exp. (10 salaries)	₹19 L/yr - ₹37.5 L/yr 141% more

Manager II salary at SBI Life Insurance Company ranges between ₹12.8 Lakhs to ₹15 Lakhs per year for employees with experience between 10 years to 12 years. Salary estimates are based on 3 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Manager II salaries in Mumbai

Last Updated: 12 Apr 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr
11 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr
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12 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr

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Salary related reviews for SBI Life Insurance Company

Sales Support Associate in Kishanganj

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 17 Jan 2024

1.0

for Salary and Benefits

Likes

Even though the salary in this company is very less as per the work, the salary is paid on time.

Dislikes

In today's times, it is important to work to support my family properly, hence I give my 100% to this company so that someday my salary will increase but after working for more than 1 year, I am realizing that It is very difficult to move forward, here we have to work till late night due to which we are not able to give time to our family, and even after doing so much work, we get very low salary so that I cannot support my family properly. I don't know how to do it, even after working for more than 14 hours every day, I don't get any bonus also.

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.

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.

Business Development Executive in Gangtok

Full Time

Marketing & Communication Department

4.0

• posted on 13 Sep 2023

5.0

for Salary and Benefits

Likes

very good company with good oppurtunities and good pay

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

BDM in Salem

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 06 Nov 2023

1.0

for Salary and Benefits

Likes

...east HRs are doing basic work means many candidates carrier will not get spoil. My only suggestion for HRs in SBI life is please do the basic job for the salary what you are earning if not means don't purchase food or groceries for their family in that salary money

Dislikes

Manager , Management, HR in India Bank bancassurance channel if anyone joins in SBI life means carrier will lost. Please ask those who are currently working in SBI life too

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.

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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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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SBI Life Insurance Company Manager II Salary FAQs

What is the notice period for Manager II at SBI Life Insurance Company in Mumbai?

According to AmbitionBox, 50% of the SBI Life Insurance Company Manager IIs in Mumbai reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Manager II Salaries in Mumbai

SBI Life Insurance Company Manager II salary in Mumbai ranges between ₹12.8 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.