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

3 - 15 years exp.

₹7 Lakhs - ₹12 Lakhs

Salary of majority employees

24% less than the average Manager Salary in Insurance Companies for 3 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 10 - 15 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹10 L/yr
Customer Success, Service & Operations Manager Salary 15 years exp. (AmbitionBox Estimate)	₹9.3 L/yr - ₹12 L/yr
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Marketing & Communication Manager Salary 3 years exp. (AmbitionBox Estimate)	₹9.9 L/yr - ₹10.4 L/yr

Last Updated: 17 Jul 2024

Companies similar to SBI Life Insurance Company for Manager in Bhopal

SBI Life Insurance Company Manager Salary

3 - 15 years exp. (4 salaries)

₹7 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
Max Life Insurance Manager Salary 5 - 8 years exp. (3 salaries)	₹3.2 L/yr - ₹9.5 L/yr 24% less	6 job openings
ICICI Lombard General Insurance Company Manager Salary 2 - 8 years exp. (6 salaries)	₹5.3 L/yr - ₹10.3 L/yr 36% less
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SBI General Insurance Manager Salary 5 - 12 years exp. (3 salaries)	₹6 L/yr - ₹9.8 L/yr 14% less
Dilip Buildcon Manager Salary 4 - 17 years exp. (55 salaries)	₹5.7 L/yr - ₹17.5 L/yr 9% more
Trident Group Manager Salary 4 - 16 years exp. (53 salaries)	₹5.6 L/yr - ₹20 L/yr 29% more

Manager salary at SBI Life Insurance Company ranges between ₹7 Lakhs to ₹12 Lakhs per year for employees with experience between 3 years to 15 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 salaries in Bhopal

Last Updated: 17 Jul 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹9.9 L/yr
4 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.8 L/yr
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5 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
6 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹10.9 L/yr
7 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
8 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
9 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
10 years (AmbitionBox Estimate)	₹7 L/yr - ₹17.5 L/yr
11 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.3 L/yr
12 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.3 L/yr
13 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
14 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.4 L/yr
15+ years (AmbitionBox Estimate)	₹8.8 L/yr - ₹12 L/yr

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From

Manager

3 - 20 years exp.

Associate Vice President

₹

Lakhs/yr

9 - 19 years exp.

From

Manager

3 - 20 years exp.

Senior Manager

4 - 14 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

BDM Salary

(3 salaries)

₹4.1 L/yr - ₹5.6 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

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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Salary Discussions, Hike & Promotions

Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

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SBI Life Insurance Company Manager Salary FAQs

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

Manager salary at SBI Life Insurance Company in Bhopal ranges between ₹7.0 Lakhs to ₹12.0 Lakhs for experience between 3 years to 15 years. According to our estimates it is 24% less than the average Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company Bhopal.

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

The average salary of a Manager at SBI Life Insurance Company is 24% less than the average salary of a Manager in Bhopal. 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 Bhopal.

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

Trident Group Manager Salary - ₹5.6 Lakhs to ₹20.0 Lakhs per year
Dilip Buildcon Manager Salary - ₹5.7 Lakhs to ₹17.5 Lakhs per year

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

SBI General Insurance Manager Salary - ₹6.0 Lakhs to ₹9.8 Lakhs per year
Max Life Insurance Manager Salary - ₹3.2 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company Manager Salary - ₹5.3 Lakhs to ₹10.3 Lakhs per year

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

The estimated take-home salary of a Manager at SBI Life Insurance Company ranges between ₹70,934 per month to ₹72,760 per month in Bhopal. The take-home salary calculation is based on the average SBI Life Insurance Company Manager salary in India which ranges between ₹7.0 Lakhs to ₹12.0 Lakhs per year for employees with experience between 3 years to 15 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the SBI Life Insurance Company Managers in Bhopal reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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SBI Life Insurance Company Manager Salaries in Bhopal

SBI Life Insurance Company Manager salary in Bhopal ranges between ₹7 Lakhs to ₹12 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.