SBI Life Insurance Company Chennai Manager Salaries by 8 Employees (Updated 2025)

5 - 17 years exp.

₹4.5 Lakhs - ₹12.8 Lakhs

Salary of majority employees

47% less than the average Manager Salary in Insurance Companies for 5 - 17 years of experience

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Salaries in different departments

Customer Success, Service & Operations Manager Salary 5 - 16 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹11 L/yr
Finance & Accounting Manager Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹8.8 L/yr
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Teaching & Training Manager Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹7.3 L/yr
BFSI, Investments & Trading Manager Salary 17 years exp. (AmbitionBox Estimate)	₹8.6 L/yr - ₹12.8 L/yr
Sales & Business Development Manager Salary 5 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹7.6 L/yr

Last Updated: 25 Jan 2025

Companies similar to SBI Life Insurance Company for Manager in Chennai

SBI Life Insurance Company Manager Salary

5 - 17 years exp. (8 salaries)

₹4.5 L/yr - ₹12.8 L/yr

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Manager Salary 1 - 14 years exp. (96 salaries)	₹2.8 L/yr - ₹11 L/yr 27% less
Kotak Mahindara Life Insurance Manager Salary 0 - 12 years exp. (38 salaries)	₹2.8 L/yr - ₹8 L/yr 41% less
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HDFC Ergo General Insurance Manager Salary 4 - 16 years exp. (19 salaries)	₹5.6 L/yr - ₹13 L/yr 3% less
Aditya Birla Health Insurance Co Manager Salary 7 - 12 years exp. (7 salaries)	₹5.4 L/yr - ₹13 L/yr 7% less
Shriram Life Insurance Manager Salary 7 - 15 years exp. (5 salaries)	₹5.7 L/yr - ₹11.9 L/yr 17% less
Aditya Birla Sun Life Insurance Manager Salary 2 - 9 years exp. (5 salaries)	₹4.6 L/yr - ₹9 L/yr 8% less
Axis Max Life Insurance Manager Salary 4 - 13 years exp. (4 salaries)	₹4 L/yr - ₹13.3 L/yr 7% less	5 job openings
ICICI Lombard General Insurance Company Manager Salary 5 - 13 years exp. (4 salaries)	₹5.5 L/yr - ₹11.9 L/yr 26% less
Reliance Nippon Life Insurance Manager Salary 8 - 18 years exp. (3 salaries)	₹5.4 L/yr - ₹9.5 L/yr 31% less
Tata AIA Life Insurance Manager Salary 12 - 15 years exp. (3 salaries)	₹5.7 L/yr - ₹15.1 L/yr 53% more	2 job openings

Manager salary at SBI Life Insurance Company ranges between ₹4.5 Lakhs to ₹12.8 Lakhs per year for employees with experience between 5 years to 17 years. Salary estimates are based on 8 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Manager salaries in Chennai

Last Updated: 25 Jan 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10.1 L/yr
6 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10.1 L/yr
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7 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
8 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
9 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.3 L/yr
10 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr
11 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr
12 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.4 L/yr
13 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.4 L/yr
14 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.5 L/yr
15+ years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.5 L/yr

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From

Manager

3 - 17 years exp.

Senior Manager

5 - 14 years exp.

From

Manager

3 - 17 years exp.

Associate Vice President

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

Senior Associate Salary

(22 salaries)

₹2.4 L/yr - ₹5.5 L/yr

Management Trainee Salary

(8 salaries)

₹5.8 L/yr - ₹9 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

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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SBI Life Insurance Company Manager Salary FAQs

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

The average salary of a Manager at SBI Life Insurance Company in Chennai typically ranges from ₹4.5 Lakhs to ₹12.8 Lakhs per year, depending on experience (from 5 years to 17 years).

The top 10% of Manager in Chennai at SBI Life Insurance Company earn more than ₹12.3 Lakhs per year, and the top 1% earn over ₹12.8 Lakhs per year. Manager Salaries at SBI Life Insurance Company can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 8 SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Manager at SBI Life Insurance Company in Chennai typically ranges from ₹65,326 to ₹66,994 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹12.8 Lakhs per year for employees with experience ranging from 5 years to 17 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 8 salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Manager at SBI Life Insurance Company in Chennai?

To be a Manager at SBI Life Insurance Company in Chennai, the key skills required include:

- Operations
- Insurance Operations
- data governance
- HP Data Protector
- New Business

These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than SBI Life Insurance Company for Manager in India?

Tata AIA Life Insurance

₹5.7 Lakhs to ₹15.1 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI Life Insurance Company, depending on the role and experience level.

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

The salary of a Manager at companies similar to SBI Life Insurance Company in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Ergo General Insurance	₹5.6 Lakhs to ₹13.0 Lakhs per year
Axis Max Life Insurance	₹4.0 Lakhs to ₹13.3 Lakhs per year
Aditya Birla Health Insurance Co	₹5.4 Lakhs to ₹13.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹4.6 Lakhs to ₹9.0 Lakhs per year
Shriram Life Insurance	₹5.7 Lakhs to ₹11.9 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Manager at SBI Life Insurance Company in Chennai?

The salary growth for a Manager at SBI Life Insurance Company in Chennai depends on factors such as experience, performance, and promotions. On average, a Manager in Chennai can expect the following growth trajectory at SBI Life Insurance Company:

Experience	Average Salary Range
5 years	₹7.9 Lakhs to ₹10.1 Lakhs per year
6 years	₹7.9 Lakhs to ₹10.1 Lakhs per year
7 years	₹8.0 Lakhs to ₹10.2 Lakhs per year
8 years	₹8.0 Lakhs to ₹10.2 Lakhs per year

and so on.

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SBI Life Insurance Company Manager Salaries in Chennai

SBI Life Insurance Company Manager salary in Chennai ranges between ₹4.5 Lakhs to ₹12.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Manager salaries in Chennai (Updated 2025)

Companies similar to SBI Life Insurance Company for Manager in Chennai

Latest annual salaries shared by SBI Life Insurance Company Manager in Chennai

Experience wise SBI Life Insurance Company Manager salaries in Chennai

Similar Designation salaries in SBI Life Insurance Company

Top skills at SBI Life Insurance Company for Manager

Salary related reviews for SBI Life Insurance Company

Manager in Navi Mumbai

Manager in Mumbai

Management Trainee in Kolkata

Senior Associate in New Delhi

Senior Associate in Jaipur

SBI Life Insurance Company Manager Salary FAQs

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