SBI Life Insurance Company Mumbai Manager Salaries by 100+ Employees (Updated 2024)

3 - 20 years exp.

₹5.2 Lakhs - ₹17 Lakhs

Salary of majority employees

31% 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 - 17 years exp. (33 salaries)	₹7 L/yr - ₹17 L/yr
Customer Success, Service & Operations Manager Salary 3 - 19 years exp. (32 salaries)	₹5.2 L/yr - ₹16 L/yr
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Finance & Accounting Manager Salary 3 - 16 years exp. (20 salaries)	₹7.5 L/yr - ₹15.6 L/yr
Data Science & Analytics Manager Salary 3 - 19 years exp. (12 salaries)	₹5.5 L/yr - ₹11.3 L/yr
Marketing & Communication Manager Salary 3 - 15 years exp. (11 salaries)	₹9 L/yr - ₹15 L/yr

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Last Updated: 15 Dec 2024

Companies similar to SBI Life Insurance Company for Manager in Mumbai

SBI Life Insurance Company Manager Salary

3 - 20 years exp. (156 salaries)

₹5.2 L/yr - ₹17 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Manager Salary 1 - 16 years exp. (246 salaries)	₹5.6 L/yr - ₹16.8 L/yr 16% less
ICICI Prudential Life Insurance Manager Salary 1 - 13 years exp. (170 salaries)	₹4 L/yr - ₹12.2 L/yr 31% less
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Max Life Insurance Manager Salary 4 - 15 years exp. (22 salaries)	₹4 L/yr - ₹15 L/yr 23% less	9 job openings
Bajaj Allianz Life Insurance Manager Salary 2 - 15 years exp. (35 salaries)	₹8.4 L/yr - ₹20 L/yr 15% more	1 job opening
Kotak Mahindara Life Insurance Manager Salary 0 - 12 years exp. (245 salaries)	₹2.4 L/yr - ₹8.5 L/yr 50% less	3 job openings
Tata AIA Life Insurance Manager Salary 4 - 18 years exp. (152 salaries)	₹6.7 L/yr - ₹26 L/yr 41% more	9 job openings
Reliance Nippon Life Insurance Manager Salary 2 - 16 years exp. (59 salaries)	₹3.2 L/yr - ₹11.7 L/yr 39% less
Aviva Life Insurance India Manager Salary 3 - 14 years exp. (4 salaries)	₹7.5 L/yr - ₹14 L/yr 7% less
Bharti AXA Life Insurance Manager Salary 2 - 16 years exp. (68 salaries)	₹6.5 L/yr - ₹18 L/yr 19% more
PNB MetLife Manager Salary 6 - 17 years exp. (33 salaries)	₹4.5 L/yr - ₹15.5 L/yr 5% less	1 job opening
HDFC Ergo General Insurance Manager Salary 4 - 16 years exp. (148 salaries)	₹4.5 L/yr - ₹15 L/yr 13% less
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ICICI Lombard General Insurance Company Manager Salary 0 - 14 years exp. (129 salaries)	₹3.5 L/yr - ₹13.1 L/yr 34% less
Aditya Birla Health Insurance Co Manager Salary 2 - 13 years exp. (129 salaries)	₹4.7 L/yr - ₹17 L/yr 10% less
Aditya Birla Sun Life Insurance Manager Salary 0 - 12 years exp. (107 salaries)	₹4.8 L/yr - ₹18 L/yr 7% less
SBI General Insurance Manager Salary 1 - 13 years exp. (45 salaries)	₹6.5 L/yr - ₹15 L/yr 18% less
Care Health Insurance Manager Salary 0 - 10 years exp. (8 salaries)	₹3.4 L/yr - ₹7 L/yr 55% less
Marsh Manager Salary 3 - 10 years exp. (6 salaries)	₹8 L/yr - ₹25 L/yr 25% more
AON Global Insurance Brokers Manager Salary 2 - 14 years exp. (6 salaries)	₹8 L/yr - ₹14.9 L/yr 3% less
Gallagher Manager Salary 8 - 13 years exp. (3 salaries)	₹10.1 L/yr - ₹14 L/yr 2% more
Life Insurance Corporation of India Manager Salary 3 - 17 years exp. (3 salaries)	₹5.1 L/yr - ₹9.9 L/yr 34% less

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Manager salary at SBI Life Insurance Company ranges between ₹5.2 Lakhs to ₹17 Lakhs per year for employees with experience between 3 years to 20 years. Salary estimates are based on 156 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Manager salaries in Mumbai

Last Updated: 15 Dec 2024

Experience	Avg Annual Salary
3 years (16 salaries)	₹8 L/yr - ₹12.5 L/yr
4 years (13 salaries)	₹7.3 L/yr - ₹14 L/yr
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5 years (11 salaries)	₹5.5 L/yr - ₹15.5 L/yr
6 years (8 salaries)	₹6.5 L/yr - ₹14.5 L/yr
7 years (5 salaries)	₹7.2 L/yr - ₹13.6 L/yr
8 years (12 salaries)	₹5.5 L/yr - ₹16 L/yr
9 years (6 salaries)	₹7.5 L/yr - ₹13.8 L/yr
10 years (9 salaries)	₹7.2 L/yr - ₹16.8 L/yr
11 years (10 salaries)	₹7.8 L/yr - ₹15 L/yr
12 years (12 salaries)	₹7.2 L/yr - ₹15 L/yr
13 years (9 salaries)	₹8.7 L/yr - ₹11.9 L/yr
14 years (8 salaries)	₹8.5 L/yr - ₹16 L/yr
15+ years (37 salaries)	₹5.2 L/yr - ₹17 L/yr

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Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary

(94 salaries)

₹3 L/yr - ₹6.75 L/yr

Management Trainee Salary

(6 salaries)

₹5.25 L/yr - ₹10.5 L/yr

Deputy Manager Salary

(5 salaries)

₹4 L/yr - ₹8.5 L/yr

Audit Manager Salary

(3 salaries)

₹7.2 L/yr - ₹10 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

3.5

Rated by 12 employees for salary & benefits

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.

Dislikes

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

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.

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.

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.

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.

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.

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is very slow

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

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 technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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SBI Life Insurance Company Manager Salary FAQs

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

Manager salary at SBI Life Insurance Company in Mumbai ranges between ₹5.2 Lakhs to ₹17.0 Lakhs for experience between 3 years to 20 years. According to our estimates it is 31% less than the average Manager Salary in India. Salary estimates are based on 156 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

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

The average salary of a Manager at SBI Life Insurance Company is 31% less than the average salary of a Manager in Mumbai. 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 Mumbai.

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

Tata AIA Life Insurance Manager Salary - ₹6.7 Lakhs to ₹26.0 Lakhs per year
Marsh Manager Salary - ₹8.0 Lakhs to ₹25.0 Lakhs per year
Bharti AXA Life Insurance Manager Salary - ₹6.5 Lakhs to ₹18.0 Lakhs per year
Bajaj Allianz Life Insurance Manager Salary - ₹8.4 Lakhs to ₹20.0 Lakhs per year
Gallagher Manager Salary - ₹10.1 Lakhs to ₹14.0 Lakhs per year

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

AON Global Insurance Brokers Manager Salary - ₹8.0 Lakhs to ₹14.9 Lakhs per year
PNB MetLife Manager Salary - ₹4.5 Lakhs to ₹15.5 Lakhs per year
Aviva Life Insurance India Manager Salary - ₹7.5 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Sun Life Insurance Manager Salary - ₹4.8 Lakhs to ₹18.0 Lakhs per year
Aditya Birla Health Insurance Co Manager Salary - ₹4.7 Lakhs to ₹17.0 Lakhs per year

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

The estimated take-home salary of a Manager at SBI Life Insurance Company ranges between ₹80,751 per month to ₹82,855 per month in Mumbai. 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 ₹17.0 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 Mumbai?

According to AmbitionBox, 81% of the SBI Life Insurance Company Managers in Mumbai reported a notice period of 3 Months, 9% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 104 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Manager Salaries in Mumbai

SBI Life Insurance Company Manager salary in Mumbai ranges between ₹5.2 Lakhs to ₹17 Lakhs with an average annual salary of ₹. Salary estimates are based on 156 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.