SBI Life Insurance Company Manager M1 Salaries by 5 Employees (Updated 2025)

2 - 17 years exp.

₹8.4 Lakhs - ₹11.6 Lakhs

Low Confidence

Salary of majority employees

17% less than the average Manager M1 Salary in Insurance Companies for 2 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager M1 Salary 3 - 14 years exp. (3 salaries)	₹8.4 L/yr - ₹11.6 L/yr
Customer Success, Service & Operations Manager M1 Salary 17 years exp. (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.4 L/yr
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Sales & Business Development Manager M1 Salary 2 years exp. (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.1 L/yr

Last Updated: 24 Dec 2024

Companies similar to SBI Life Insurance Company for Manager M1

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Manager M1 Salary 1 - 12 years exp. (34 salaries)	₹6 L/yr - ₹9.5 L/yr 23% less
Kotak Mahindara Life Insurance Manager M1 Salary 4 - 10 years exp. (4 salaries)	₹3.8 L/yr - ₹4.2 L/yr 59% less
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Aditya Birla Sun Life Insurance Manager M1 Salary 6 - 14 years exp. (4 salaries)	₹8.4 L/yr - ₹9.3 L/yr 9% less
HDFC Ergo General Insurance Manager M1 Salary 5 - 14 years exp. (31 salaries)	₹5 L/yr - ₹14 L/yr 11% less
ICICI Lombard General Insurance Company Manager M1 Salary 2 - 3 years exp. (3 salaries)	₹6.5 L/yr - ₹6.7 L/yr 31% less

Manager M1 salary at SBI Life Insurance Company ranges between ₹8.4 Lakhs to ₹11.6 Lakhs per year for employees with experience between 2 years to 17 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Manager M1 salaries

Last Updated: 24 Dec 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹19.5 L/yr
3 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹11.5 L/yr
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4 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹11.6 L/yr
5 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr
6 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.7 L/yr
7 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
8 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.3 L/yr
9 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.2 L/yr
10 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
11 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.8 L/yr
12 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
13 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.4 L/yr
14 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹16 L/yr
15+ years (AmbitionBox Estimate)	₹8.6 L/yr - ₹15.4 L/yr

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₹20.9 L/yr - ₹26.7 L/yr

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₹2.5 L/yr - ₹10 L/yr

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₹12.1 L/yr - ₹20 L/yr

Project Manager Salary

(7 salaries)

₹6.75 L/yr - ₹14.5 L/yr

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₹3.5 L/yr - ₹5.25 L/yr

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Salary related reviews for SBI Life Insurance Company

Business Development Manager in Rajkot

Full Time

Sales & Business Development Department

3.0

• posted on 01 Feb 2023

2.0

for Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

Official working days me bhi office bulate hain aur bill pay nahi karte hain personal life jaish kuchh nahi rehta hain aur morning 7:00am zoom start kar dete hain

Salary - Poor

+6 more

Business Development Manager in Jaipur

Full Time

Sels Department

5.0

• posted on 12 Apr 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Business Development Manager in Work Form Bank And Field

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 25 Sep 2023

1.0

for Salary and Benefits

Likes

Only Job Security,

Job security - Good

Dislikes

...hear from long time. Only due to not get any increment I have left the job..... You will hire new persons on higher package but you won't retain ur old employes on giving them some litter bit hike or increment. My humble request to you that plz take care of your old employes who are working on lower package or CTC, from long time...plz don't force them to leave the job due to lower Package... And plz start Rehiring. Lots of old employes are ready to work with sbilife Again.🙏

Salary - Bad

+3 more

Business Development Manager in Bangalore / Bengaluru

Sales Department

1.0

• posted on 12 May 2022

5.0

for Salary and Benefits

Likes

Salary before month end Brand Reputation

Salary - Excellent

+1 more

Dislikes

No personal life satisfaction Terrible AM behavior No felicitation No recognition Poor plans and costly Pressure will come like he'll If channel partners not supported even though we've to do business.. Less customer service at channel partner

Skill development - Poor

+2 more

Business Development Manager

Karur Department

4.0

• posted on 14 Feb 2020

4.0

for Salary and Benefits

Likes

The SBI life insurance co Ltd . Developed employees career &life style I'm worked SBI life manappari branch .

Salary - Good

+4 more

Dislikes

My branch manager don't support to me & my office friends every day pressure & loss pay working time morning 7to evening 9

Work satisfaction - Poor

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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SBI Life Insurance Company Manager M1 Salary FAQs

What is the salary of Manager M1 at SBI Life Insurance Company?

Manager M1 salary at SBI Life Insurance Company in India ranges between ₹8.4 Lakhs to ₹11.6 Lakhs for experience between 2 years to 17 years. According to our estimates it is 17% less than the average Manager M1 Salary in India. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company India.

How does the salary of a Manager M1 at SBI Life Insurance Company India compare with the average salary range for this job?

The average salary of a Manager M1 at SBI Life Insurance Company is 17% less than the average salary of a Manager M1 in India. To know exact salary insights, login to view.

What is the salary of a Manager M1 in companies similar to SBI Life Insurance Company in India?

Aditya Birla Sun Life Insurance Manager M1 Salary - ₹8.4 Lakhs to ₹9.3 Lakhs per year
HDFC Ergo General Insurance Manager M1 Salary - ₹5.0 Lakhs to ₹14.0 Lakhs per year
ICICI Prudential Life Insurance Manager M1 Salary - ₹6.0 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company Manager M1 Salary - ₹6.5 Lakhs to ₹6.7 Lakhs per year
Kotak Mahindara Life Insurance Manager M1 Salary - ₹3.8 Lakhs to ₹4.2 Lakhs per year

What is the estimated take home salary of a Manager M1 at SBI Life Insurance Company in India?

The estimated take-home salary of a Manager M1 at SBI Life Insurance Company ranges between ₹69,700 per month to ₹71,491 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Manager M1 salary in India which ranges between ₹8.4 Lakhs to ₹11.6 Lakhs per year for employees with experience between 2 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at SBI Life Insurance Company?

According to AmbitionBox, 71% of the SBI Life Insurance Company Manager M1s reported a notice period of 3 Months, 15% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Manager M1 Salaries

SBI Life Insurance Company Manager M1 salary in India ranges between ₹8.4 Lakhs to ₹11.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.