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SBI Life Insurance Company

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3.8

based on 3.6k Reviews

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Mumbai
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SBI Life Insurance Company Salaries in Mumbai

based on 1.4k latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Customer Success, Service & Operations Finance & Accounting Human Resources + 6 more
Designation Avg Annual Salary Open Jobs

Senior Associate

0 - 11 years exp. · Mumbai (94 salaries)
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₹3 L/yr - ₹6.8 L/yr

Associate Vice President

9 - 20 years exp. · Mumbai (77 salaries)
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₹12 L/yr - ₹31.3 L/yr

Business Development Manager

3 - 12 years exp. · Mumbai (60 salaries)
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₹3 L/yr - ₹7 L/yr

1 job opening

Senior Business Development Executive

0 - 10 years exp. · Mumbai (43 salaries)
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₹3.4 L/yr - ₹5.4 L/yr

Starting your career? Discover SBI Life Insurance Company fresher salaries in India

Senior Business Development Manager

5 - 12 years exp. · Mumbai (23 salaries)
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₹3.8 L/yr - ₹8.5 L/yr

Assistant Manager- HR

0 - 9 years exp. · Mumbai (16 salaries)
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₹6.6 L/yr - ₹10.3 L/yr

Product Manager

2 - 6 years exp. · Mumbai (15 salaries)
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₹7.8 L/yr - ₹13.6 L/yr

Area Manager

6 - 17 years exp. · Mumbai (14 salaries)
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₹7.5 L/yr - ₹13.5 L/yr

HR Manager

2 - 16 years exp. · Mumbai (13 salaries)
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₹8.5 L/yr - ₹16 L/yr

Accounts & Finance Manager

2 - 23 years exp. · Mumbai (12 salaries)
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₹9 L/yr - ₹16 L/yr

AVP

12 - 18 years exp. · Mumbai (11 salaries)
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₹15 L/yr - ₹38.3 L/yr

Sr. BDE

3 - 8 years exp. · Mumbai (11 salaries)
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₹3.3 L/yr - ₹5 L/yr

Operations Manager

8 - 17 years exp. · Mumbai (9 salaries)
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₹7.3 L/yr - ₹10 L/yr

Sr BDM

5 - 13 years exp. · Mumbai (8 salaries)
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₹5.3 L/yr - ₹7.7 L/yr

Branch Manager

7 - 20 years exp. · Mumbai (8 salaries)
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₹8 L/yr - ₹11.2 L/yr

Sales Executive

0 - 6 years exp. · Mumbai (7 salaries)
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₹2 L/yr - ₹4.5 L/yr

Senior Vice President

14 - 24 years exp. · Mumbai (6 salaries)
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₹45 L/yr - ₹1.1 Cr/yr

Associate Vice President Finance

9 - 11 years exp. · Mumbai (6 salaries)
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₹18 L/yr - ₹25 L/yr

Relationship Manager

2 - 6 years exp. · Mumbai (6 salaries)
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₹3.2 L/yr - ₹5 L/yr

Investment Manager

6 - 10 years exp. · Mumbai (6 salaries)
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₹15 L/yr - ₹19 L/yr

Last Updated: 18 Dec, 2024

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Salary Discussions, Hike & Promotions
1w
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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Salary related reviews for SBI Life Insurance Company

3.5

Rated by 199 employees for salary & benefits

Sr. BDE in Mumbai

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 09 Mar 2023
3.0
 for  Salary and Benefits

Likes

Your salary gets credited on time and there is job security.

Dislikes

1 - immense work and target pressure 2 - no proper sales support 3 - time gets wasted in manual work, no automation in several aspects 4 - ground level issues of BDE/BDM is never heard by upper management 5 - no one cares if you quit the job, there is no exit interview 6 - no work life balance, worked even on sundays and bank holidays

read more

Associate in Mumbai

BFSI, Investments & Trading Department

4.0
  •  posted on 26 Apr 2022
3.0
 for  Salary and Benefits

Likes

...r service,etc.. In my opinion Company policies, culture, job security is Good.. Company provide huge salary and bonus in every year..

read more

Dislikes

I have only one dislike about the company, Now the Company will not appoint any off roll staff to on roll.. Even if they were more brilliant and efficient person..

read 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.

read more

Dislikes

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

read more

Product Manager in Mumbai

Engineering - Software & QA Department

5.0
  •  posted on 03 Sep 2020
3.0
 for  Salary and Benefits

Likes

During this Covid-19, SBI Life is very supportive & understands the situation well. SBI Life is allowing and encouraging it's employees to work from home, for the same company's IT team is providing all support and resources to make work from home convenient for all.

read more

Dislikes

Career growth and opportunities are low. Compensation n Benefits are average.

read more

Agency Manager Sale, Marketing in Mumbai

Banking & Finance Department

5.0
  •  posted on 19 Jul 2021
5.0
 for  Salary and Benefits

Likes

...ife insurance company Ltd. very big organisation. and Rules and Regulations. Time to time salary. and every day new product learning and Reading.

read more

Dislikes

very big pressure Target every Hour pressure.

see more salary related reviews

SBI Life Insurance Company interview questions by designations

Business Development Manager (18)Senior Associate (10)Senior Business Development Manager (9)Senior Business Development Executive (9)
View all 209 interview experiences

Know more about SBI Life Insurance Company Mumbai

More about working at SBI Life Insurance Company

SBI Life Insurance Company Salary FAQs

How much does SBI Life Insurance Company pay per year?
The average SBI Life Insurance Company salary ranges from approximately ₹0.2 Lakh to ₹3 Lakhs per year for a Banking Assistant and ₹45 Lakhs to ₹1.1 Crore per year for a Senior Vice President. Salary estimates are based on 1.4k SBI Life Insurance Company salaries received from various employees of SBI Life Insurance Company. SBI Life Insurance Company employees rate the overall salary and benefits package 3.5/5 stars.
What is the highest salary in SBI Life Insurance Company?
The highest-paying job at SBI Life Insurance Company is a Senior Vice President with a salary of ₹45 Lakhs to ₹1.1 Crore per year. The top 10% of employees earn more than ₹12.52 lakhs per year. The top 1% earn more than a whopping ₹35.29 lakhs per year.
What is the minimum salary in SBI Life Insurance Company?
Minimum salary at SBI Life Insurance Company depends on the role you are applying for. For Associate the minimum salary is ₹1 Lakh to ₹5 Lakhs per year, and for Development Manager the minimum salary is ₹1.8 Lakh to ₹4.5 Lakhs per year and so on.
What is the salary package for freshers in SBI Life Insurance Company?
The average salary at SBI Life Insurance Company for freshers varies from ₹1 Lakh to ₹2 Lakhs per year for Telecaller and ₹5.6 Lakhs to ₹10.5 Lakhs per year for Management Trainee.
What is the notice period at SBI Life Insurance Company in Mumbai?
According to AmbitionBox, 55% of the SBI Life Insurance Company employees in Mumbai reported a notice period of 3 Months, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 922 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Mumbai Salaries by Department

Average annual salary in SBI Life Insurance Company , Mumbai is INRunlock blur . Salary estimates are based on 1.4k SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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