Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary34% 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.
(37
salaries)
|  ₹6 L/yr - ₹17 L/yr |
Customer Success, Service & Operations
Manager Salary
3 - 19
years
exp.
(34
salaries)
| ₹7.2 L/yr - ₹16 L/yr |
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| |
Finance & Accounting
Manager Salary
3 - 16
years
exp.
(17
salaries)
| ₹7.5 L/yr - ₹15.6 L/yr |
Marketing & Communication
Manager Salary
3 - 15
years
exp.
(12
salaries)
| ₹9 L/yr - ₹15 L/yr |
Data Science & Analytics
Manager Salary
3 - 19
years
exp.
(11
salaries)
| ₹5.5 L/yr - ₹11.2 L/yr |
Companies similar to SBI Life Insurance Company for Manager in Mumbai
SBI Life Insurance Company
Manager Salary
3 - 20 years exp. (150 salaries) |  ₹5.5 L/yr - ₹17 L/yr |
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 HDFC Life Manager Salary
2 - 16 years exp. (279 salaries) | ₹6 L/yr - ₹16 L/yr 
12%
less | 1 job opening |
 Kotak Mahindara Life Insurance Manager Salary
0 - 12 years exp. (238 salaries) | ₹3 L/yr - ₹8.5 L/yr
50%
less | |
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| ||
 ICICI Prudential Life Insurance Manager Salary
1 - 13 years exp. (182 salaries) | ₹4 L/yr - ₹14 L/yr
26%
less | |
 Tata AIA Life Insurance Manager Salary
3 - 18 years exp. (152 salaries) | ₹6.7 L/yr - ₹29.1 L/yr 
51%
more | 2 job openings |
 HDFC Ergo General Insurance Manager Salary
4 - 16 years exp. (145 salaries) | ₹4.5 L/yr - ₹15 L/yr
8%
less | |
 Aditya Birla Health Insurance Co Manager Salary
1 - 12 years exp. (135 salaries) | ₹5 L/yr - ₹17 L/yr
5%
less | |
 ICICI Lombard General Insurance Company Manager Salary
2 - 14 years exp. (115 salaries) | ₹3.5 L/yr - ₹12.1 L/yr
35%
less | |
 Aditya Birla Sun Life Insurance Manager Salary
0 - 12 years exp. (108 salaries) | ₹5 L/yr - ₹18 L/yr
1%
more | |
 Reliance Nippon Life Insurance Manager Salary
2 - 18 years exp. (65 salaries) | ₹3.2 L/yr - ₹11.8 L/yr
35%
less | |
 Bajaj Allianz Life Insurance Manager Salary
3 - 18 years exp. (40 salaries) | ₹8.5 L/yr - ₹18.5 L/yr
20%
more | |
 SBI General Insurance Manager Salary
1 - 11 years exp. (35 salaries) | ₹6.5 L/yr - ₹15 L/yr
21%
less | |
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| ||
 PNB MetLife Manager Salary
7 - 17 years exp. (35 salaries) | ₹4 L/yr - ₹15.5 L/yr
1%
less | 1 job opening |
 Axis Max Life Insurance Manager Salary
4 - 16 years exp. (23 salaries) | ₹4 L/yr - ₹12.8 L/yr
28%
less | 5 job openings |
 Bajaj Allianz General Insurance Manager Salary
8 - 19 years exp. (7 salaries) | ₹11.8 L/yr - ₹21 L/yr
50%
more | |
 Marsh Manager Salary
3 - 11 years exp. (6 salaries) | ₹8 L/yr - ₹25 L/yr
29%
more | |
 Star Health & Allied Insurance Manager Salary
1 - 12 years exp. (4 salaries) | ₹3.2 L/yr - ₹10.8 L/yr
36%
less | |
 AON Global Insurance Brokers Manager Salary
2 - 11 years exp. (3 salaries) | ₹8 L/yr - ₹10.1 L/yr
9%
less | |
 Gallagher Manager Salary
8 - 13 years exp. (3 salaries) | ₹12 L/yr - ₹14 L/yr
12%
more | |
 Life Insurance Corporation of India Manager Salary
3 - 17 years exp. (3 salaries) | ₹4.9 L/yr - ₹10.9 L/yr
28%
less | |
Latest annual salaries shared by SBI Life Insurance Company Manager in Mumbai
Experience wise SBI Life Insurance Company Manager salaries in Mumbai
Last Updated: 24 Mar 2025
| Experience | Avg Annual Salary |
|---|---|
| 3 years (15 salaries) |
₹8
L/yr
- ₹12.5
L/yr
|
| 4 years (12 salaries) |
₹8
L/yr
- ₹14
L/yr
|
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| |
| 5 years (11 salaries) |
₹5.5
L/yr
- ₹12
L/yr
|
| 6 years (6 salaries) |
₹6.5
L/yr
- ₹14.5
L/yr
|
| 7 years (5 salaries) |
₹7.2
L/yr
- ₹13.6
L/yr
|
From
To
Manager
3 - 20 years exp.
Senior Manager
5 - 14 years exp.
From
To
Manager
3 - 20 years exp.
Associate Vice President
9 - 20 years exp.
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
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Top trending discussions
SBI Life Insurance Company Manager Salary FAQs
The top 10% of Manager in Mumbai at SBI Life Insurance Company earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹16.0 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 100+ SBI Life Insurance Company employees in India.
- - 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.
| Tata AIA Life Insurance | ₹6.7 Lakhs to ₹29.1 Lakhs per year |
| Bajaj Allianz General Insurance | ₹11.8 Lakhs to ₹21.0 Lakhs per year |
| Marsh | ₹8.0 Lakhs to ₹25.0 Lakhs per year |
| Bajaj Allianz Life Insurance | ₹8.5 Lakhs to ₹18.5 Lakhs per year |
| Gallagher | ₹12.0 Lakhs to ₹14.0 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.
| Aditya Birla Sun Life Insurance | ₹5.0 Lakhs to ₹18.0 Lakhs per year |
| PNB MetLife | ₹4.0 Lakhs to ₹15.5 Lakhs per year |
| Aditya Birla Health Insurance Co | ₹5.0 Lakhs to ₹17.0 Lakhs per year |
| HDFC Ergo General Insurance | ₹4.5 Lakhs to ₹15.0 Lakhs per year |
| AON Global Insurance Brokers | ₹8.0 Lakhs to ₹10.1 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.
| Experience | Average Salary Range |
|---|---|
| 3 years | ₹8.0 Lakhs to ₹12.5 Lakhs per year |
| 4 years | ₹8.0 Lakhs to ₹14.0 Lakhs per year |
| 5 years | ₹5.5 Lakhs to ₹12.0 Lakhs per year |
| 6 years | ₹6.5 Lakhs to ₹14.5 Lakhs per year |
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- SBI Life Insurance Company Manager Salaries in Mumbai
SBI Life Insurance Company Manager salary
in
Mumbai
ranges between ₹5.5
Lakhs to ₹17
Lakhs with an average annual salary of
₹. Salary estimates are based on
150
SBI Life Insurance Company latest salaries received from various employees of
SBI Life Insurance Company.