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

11 - 16 years exp.

₹7.2 Lakhs - ₹15 Lakhs

Salary of majority employees

37% less than the average Manager Salary in Insurance Companies for 11 - 16 years of experience

Interested in this particular role?

Last Updated: 9 Aug 2024

Companies similar to SBI Life Insurance Company for Manager in Pune

SBI Life Insurance Company Manager Salary

11 - 16 years exp. (4 salaries)

₹7.2 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Manager Salary 2 - 12 years exp. (25 salaries)	₹4.5 L/yr - ₹15.1 L/yr 18% less	1 job opening
ICICI Prudential Life Insurance Manager Salary 1 - 12 years exp. (23 salaries)	₹4.2 L/yr - ₹13 L/yr 26% less
Login to view exact salary
Max Life Insurance Manager Salary 5 - 12 years exp. (5 salaries)	₹7.6 L/yr - ₹12 L/yr 13% less	10 job openings
Bajaj Allianz Life Insurance Manager Salary 3 - 18 years exp. (97 salaries)	₹7.1 L/yr - ₹23 L/yr 39% more
Kotak Mahindara Life Insurance Manager Salary 0 - 9 years exp. (26 salaries)	₹3 L/yr - ₹6 L/yr 50% less
Bharti AXA Life Insurance Manager Salary 3 - 13 years exp. (7 salaries)	₹6 L/yr - ₹11.4 L/yr 3% less
HDFC Ergo General Insurance Manager Salary 5 - 16 years exp. (26 salaries)	₹5 L/yr - ₹14 L/yr 5% less
SBI General Insurance Manager Salary 1 - 13 years exp. (10 salaries)	₹6.5 L/yr - ₹10.4 L/yr 19% less
Aditya Birla Sun Life Insurance Manager Salary 1 - 11 years exp. (6 salaries)	₹6 L/yr - ₹13.5 L/yr 17% less
Aditya Birla Health Insurance Co Manager Salary 5 - 12 years exp. (5 salaries)	₹8 L/yr - ₹12 L/yr 7% less
Care Health Insurance Manager Salary 2 - 6 years exp. (5 salaries)	₹2.5 L/yr - ₹6.9 L/yr 57% less	1 job opening
Login to view exact salary
Principal Global Services Manager Salary 8 - 20 years exp. (4 salaries)	₹21.5 L/yr - ₹40 L/yr 177% more
ICICI Lombard General Insurance Company Manager Salary 6 - 10 years exp. (3 salaries)	₹6.1 L/yr - ₹10.9 L/yr 32% less

Manager salary at SBI Life Insurance Company ranges between ₹7.2 Lakhs to ₹15 Lakhs per year for employees with experience between 11 years to 16 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 Pune

Last Updated: 9 Aug 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹19 L/yr
12 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.2 L/yr
Login to view exact salary
13 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹19.2 L/yr
14 years (AmbitionBox Estimate)	₹10 L/yr - ₹19.3 L/yr
15+ years (AmbitionBox Estimate)	₹4.3 L/yr - ₹15 L/yr

From

Manager

3 - 20 years exp.

Associate Vice President

9 - 20 years exp.

From

Manager

3 - 20 years exp.

Senior Manager

5 - 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

(5 salaries)

₹4.05 L/yr - ₹5.5 L/yr

Operations Associate Salary

(4 salaries)

₹2.5 L/yr - ₹3.8 L/yr

Associate Vice President Salary

(3 salaries)

₹19 L/yr - ₹25 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

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

fathersahaab

works at

AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

Got a question about SBI Life Insurance Company?

Ask anonymously on communities.

SBI Life Insurance Company Manager Salary FAQs

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

Manager salary at SBI Life Insurance Company in Pune ranges between ₹7.2 Lakhs to ₹15.0 Lakhs for experience between 11 years to 16 years. According to our estimates it is 37% 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 Pune.

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

The average salary of a Manager at SBI Life Insurance Company is 37% less than the average salary of a Manager in Pune. 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 Pune.

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

Principal Global Services Manager Salary - ₹21.5 Lakhs to ₹40.0 Lakhs per year
Bajaj Allianz Life Insurance Manager Salary - ₹7.1 Lakhs to ₹23.0 Lakhs per year

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

Bharti AXA Life Insurance Manager Salary - ₹6.0 Lakhs to ₹11.4 Lakhs per year
HDFC Ergo General Insurance Manager Salary - ₹5.0 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Health Insurance Co Manager Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year
Max Life Insurance Manager Salary - ₹7.6 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Sun Life Insurance Manager Salary - ₹6.0 Lakhs to ₹13.5 Lakhs per year

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

The estimated take-home salary of a Manager at SBI Life Insurance Company ranges between ₹76,126 per month to ₹78,099 per month in Pune. The take-home salary calculation is based on the average SBI Life Insurance Company Manager salary in India which ranges between ₹7.2 Lakhs to ₹15.0 Lakhs per year for employees with experience between 11 years to 16 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the SBI Life Insurance Company Managers in Pune reported a notice period of 1 Month, 33% reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
SBI Life Insurance Company Salaries >
SBI Life Insurance Company Manager Salaries >
SBI Life Insurance Company Manager Salaries in Pune

SBI Life Insurance Company Manager salary in Pune ranges between ₹7.2 Lakhs to ₹15 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.