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SBI Life Insurance Company Manager salaries in Bangalore / Bengaluru

Annual salary range
3 - 20 years exp.
₹5.2 Lakhs - ₹16 Lakhs
Salary of majority employees
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Fixed (82%)
₹9.1 Lakhs
Variable (18%)
₹2.0 Lakhs
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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. (4 salaries)
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₹8 L/yr - ₹13 L/yr

Customer Success, Service & Operations
Manager Salary
6 - 7 years exp. (AmbitionBox Estimate)
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₹10.5 L/yr - ₹16 L/yr

Data Science & Analytics
Manager Salary
12 - 15 years exp. (AmbitionBox Estimate)
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₹9.3 L/yr - ₹12 L/yr

Sales & Business Development
Manager Salary
4 years exp. (AmbitionBox Estimate)
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₹5.2 L/yr - ₹10.2 L/yr

Risk Management & Compliance
Manager Salary
13 years exp. (AmbitionBox Estimate)
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₹9 L/yr - ₹12 L/yr

Last Updated: 5 Dec 2024

Companies similar to SBI Life Insurance Company for Manager in Bangalore / Bengaluru

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SBI Life Insurance Company Manager Salary

3 - 20 years exp. (11 salaries)

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₹5.2 L/yr - ₹16 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Manager Salary

1 - 15 years exp. (46 salaries)

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₹3.8 L/yr - ₹13.9 L/yr

arrow icon 27% less
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ICICI Prudential Life Insurance Manager Salary

1 - 12 years exp. (13 salaries)

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₹4 L/yr - ₹8.6 L/yr

arrow icon 30% less
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Axis Max Life Insurance Manager Salary

7 - 13 years exp. (6 salaries)

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₹5 L/yr - ₹11 L/yr

arrow icon 22% less
3 job openings
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Bajaj Allianz Life Insurance Manager Salary

3 - 18 years exp. (11 salaries)

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₹5.4 L/yr - ₹19 L/yr

arrow icon 10% more
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Kotak Mahindara Life Insurance Manager Salary

0 - 11 years exp. (56 salaries)

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₹3.2 L/yr - ₹7.5 L/yr

arrow icon 53% less
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Tata AIA Life Insurance Manager Salary

4 - 17 years exp. (14 salaries)

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₹6.1 L/yr - ₹21.7 L/yr

arrow icon 24% more
3 job openings
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Reliance Nippon Life Insurance Manager Salary

3 - 15 years exp. (5 salaries)

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₹5 L/yr - ₹8.4 L/yr

arrow icon 47% less
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AIG Manager Salary

5 - 15 years exp. (35 salaries)

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₹9 L/yr - ₹22 L/yr

arrow icon 44% more
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HDFC Ergo General Insurance Manager Salary

4 - 14 years exp. (25 salaries)

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₹5.5 L/yr - ₹12.4 L/yr

arrow icon 18% less
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₹3.5 L/yr - ₹11 L/yr

arrow icon 40% less
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₹11.5 L/yr - ₹19.8 L/yr

arrow icon 48% more
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₹5.5 L/yr - ₹16 L/yr

arrow icon 4% less
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Gallagher Manager Salary

7 - 11 years exp. (3 salaries)

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₹8.9 L/yr - ₹14 L/yr

arrow icon 14% more
Manager salary at SBI Life Insurance Company ranges between ₹5.2 Lakhs to ₹16 Lakhs per year for employees with experience between 3 years to 20 years. Salary estimates are based on 11 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Manager in Bangalore / Bengaluru

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15 years exp.
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12 years exp.
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20 years exp.
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6 years exp.
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8 years exp.
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Experience wise SBI Life Insurance Company Manager salaries in Bangalore / Bengaluru

Last Updated: 5 Dec 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹8 L/yr - ₹19.7 L/yr
4 years (AmbitionBox Estimate)

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₹5.2 L/yr - ₹19.7 L/yr
5 years (AmbitionBox Estimate)

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₹10.1 L/yr - ₹19.8 L/yr
6 years (AmbitionBox Estimate)

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₹4.4 L/yr - ₹16 L/yr
7 years (AmbitionBox Estimate)

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₹10.4 L/yr - ₹12 L/yr
View all
SBI Life Insurance Company Manager Salary and Career Growth

From

To

Manager

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3 - 20 years exp.

Senior Manager

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5 - 14 years exp.

From

To

Manager

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3 - 20 years exp.

Associate Vice President

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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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₹2.8 L/yr - ₹5.3 L/yr

Top skills at SBI Life Insurance Company for Manager

Operations Insurance Operations data governance HP Data Protector New Business
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Salary related reviews for SBI Life Insurance Company

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.

read more
  • 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.

read more
  • Skill development - Bad
  • +1 more

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.

read more
  • Skill development - Good
  • +4 more

Dislikes

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

read more

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.

read more
  • Skill development - Poor
  • +4 more

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.

read more
  • 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

read more
  • Work satisfaction - Poor
  • +2 more

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

read more
see more salary related reviews

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SBI Life Insurance Company Manager Salary FAQs

What is the salary of Manager at SBI Life Insurance Company Bangalore / Bengaluru?
Manager salary at SBI Life Insurance Company in Bangalore / Bengaluru ranges between ₹5.2 Lakhs to ₹16.0 Lakhs for experience between 3 years to 20 years. According to our estimates it is 35% less than the average Manager Salary in India. Salary estimates are based on 11 latest salaries received from various employees of SBI Life Insurance Company Bangalore / Bengaluru.
How does the salary of a Manager at SBI Life Insurance Company Bangalore / Bengaluru compare with the average salary range for this job?
The average salary of a Manager at SBI Life Insurance Company is 35% less than the average salary of a Manager in Bangalore / Bengaluru. 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 Bangalore / Bengaluru.
Which similar companies are paying more than SBI Life Insurance Company to a Manager in Bangalore / Bengaluru?
  • Bajaj Allianz General Insurance Manager Salary - ₹11.5 Lakhs to ₹19.8 Lakhs per year
  • AIG Manager Salary - ₹9.0 Lakhs to ₹22.0 Lakhs per year
  • Tata AIA Life Insurance Manager Salary - ₹6.1 Lakhs to ₹21.7 Lakhs per year
  • Gallagher Manager Salary - ₹8.9 Lakhs to ₹14.0 Lakhs per year
  • Bajaj Allianz Life Insurance Manager Salary - ₹5.4 Lakhs to ₹19.0 Lakhs per year
What is the salary of a Manager in companies similar to SBI Life Insurance Company in Bangalore / Bengaluru?
  • Aditya Birla Health Insurance Co Manager Salary - ₹5.5 Lakhs to ₹16.0 Lakhs per year
  • HDFC Ergo General Insurance Manager Salary - ₹5.5 Lakhs to ₹12.4 Lakhs per year
  • Axis Max Life Insurance Manager Salary - ₹5.0 Lakhs to ₹11.0 Lakhs per year
  • HDFC Life Manager Salary - ₹3.8 Lakhs to ₹13.9 Lakhs per year
  • ICICI Prudential Life Insurance Manager Salary - ₹4.0 Lakhs to ₹8.6 Lakhs per year
What is the estimated take home salary of a Manager at SBI Life Insurance Company in Bangalore / Bengaluru?
The estimated take-home salary of a Manager at SBI Life Insurance Company ranges between ₹79,512 per month to ₹81,581 per month in Bangalore / Bengaluru. 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 ₹16.0 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 in Bangalore / Bengaluru?
According to AmbitionBox, 50% of the SBI Life Insurance Company Managers in Bangalore / Bengaluru reported a notice period of 2 Months, 50% reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Manager salary in Bangalore / Bengaluru ranges between ₹5.2 Lakhs to ₹16 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 11 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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