SBI Life Insurance Company Mumbai Manager II Salaries by 4 Employees (Updated 2025)

10 - 13 years exp.

₹12.8 Lakhs - ₹15 Lakhs

Salary of majority employees

34% less than the average Manager II Salary in Insurance Companies for 10 - 13 years of experience

Interested in this particular role?

Salaries in different departments

Risk Management & Compliance Manager II Salary 11 - 13 years exp. (AmbitionBox Estimate)	₹11.5 L/yr - ₹14 L/yr
Login to view exact salary
Marketing & Communication Manager II Salary 12 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹16.5 L/yr

Last Updated: 31 Jan 2025

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

SBI Life Insurance Company Manager II Salary

10 - 13 years exp. (4 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. (104 salaries)	₹8 L/yr - ₹13.7 L/yr 19% less	11 job openings
ICICI Bank Manager II Salary 3 - 16 years exp. (136 salaries)	₹8.5 L/yr - ₹24.7 L/yr 26% more
Login to view exact salary
Flipkart Manager II Salary 4 - 15 years exp. (14 salaries)	₹18 L/yr - ₹26.2 L/yr 77% more	1 job opening
Sun Pharmaceutical Industries Manager II Salary 8 - 15 years exp. (11 salaries)	₹8.4 L/yr - ₹13.5 L/yr 14% less	2 job openings
PwC Manager II Salary 8 - 14 years exp. (10 salaries)	₹21 L/yr - ₹37.5 L/yr 147% 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 13 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Manager II salaries in Mumbai

Last Updated: 31 Jan 2025

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
Login to view exact salary
12 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
13 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary

(98 salaries)

₹3 L/yr - ₹7 L/yr

Associate Vice President Salary

(78 salaries)

₹12 L/yr - ₹36 L/yr

Area Manager Salary

(16 salaries)

₹7.5 L/yr - ₹14.21 L/yr

Sales Executive Salary

(7 salaries)

₹2 L/yr - ₹4.5 L/yr

Senior Associate Operations Salary

(6 salaries)

₹3 L/yr - ₹5.2 L/yr

BDM Salary

(5 salaries)

₹4 L/yr - ₹6 L/yr

Unit Manager Salary

(3 salaries)

₹2.5 L/yr - ₹3.2 L/yr

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.

Salary - Bad

+4 more

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

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

Salary - Excellent

+4 more

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

Job security - Poor

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

Salary - Bad

+6 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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

Got a question about SBI Life Insurance Company?

Ask anonymously on communities.

SBI Life Insurance Company Manager II Salary FAQs

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

Manager II salary at SBI Life Insurance Company in Mumbai ranges between ₹12.8 Lakhs to ₹15.0 Lakhs for experience between 10 years to 13 years. According to our estimates it is 34% less than the average Manager II Salary in India. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

How does the salary of a Manager II at SBI Life Insurance Company Mumbai compare with the average salary range for this job?

The average salary of a Manager II at SBI Life Insurance Company is 34% less than the average salary of a Manager II in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Manager II in Mumbai?

PwC Manager II Salary - ₹21.0 Lakhs to ₹37.5 Lakhs per year
Flipkart Manager II Salary - ₹18.0 Lakhs to ₹26.2 Lakhs per year
ICICI Bank Manager II Salary - ₹8.5 Lakhs to ₹24.7 Lakhs per year

What is the salary of a Manager II in companies similar to SBI Life Insurance Company in Mumbai?

Sun Pharmaceutical Industries Manager II Salary - ₹8.4 Lakhs to ₹13.5 Lakhs per year
ICICI Prudential Life Insurance Manager II Salary - ₹8.0 Lakhs to ₹13.7 Lakhs per year

What is the estimated take home salary of a Manager II at SBI Life Insurance Company in Mumbai?

The estimated take-home salary of a Manager II at SBI Life Insurance Company ranges between ₹94,026 per month to ₹96,554 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Manager II salary in India which ranges between ₹12.8 Lakhs to ₹15.0 Lakhs per year for employees with experience between 10 years to 13 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the SBI Life Insurance Company Manager IIs 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.

Tell us how to improve this page.

Home >
Salaries >
SBI Life Insurance Company Salaries >
SBI Life Insurance Company Manager II Salaries >
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 4 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.