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SBI Life Insurance Company

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3.8

based on 3.7k Reviews

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Assistant Manager
Experience
Mumbai
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SBI Life Insurance Company Assistant Manager Salaries in Mumbai

based on 183 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

Assistant Manager

0 - 13 years exp. · Mumbai (183 salaries)
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₹4 L/yr - ₹11 L/yr

Senior Associate

0 - 11 years exp. · Mumbai (97 salaries)
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₹3 L/yr - ₹6.8 L/yr

Operations Manager

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

Branch Manager

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

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

Deputy Manager

2 - 15 years exp. · Mumbai (7 salaries)
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₹4.5 L/yr - ₹10 L/yr

Relationship Manager

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

Team Lead

4 - 9 years exp. · Mumbai (5 salaries)
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₹3.6 L/yr - ₹4.8 L/yr

Operations Executive

6 - 9 years exp. · Mumbai (4 salaries)
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₹3.5 L/yr - ₹5.5 L/yr

Team Manager

4 - 5 years exp. · Mumbai (3 salaries)
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₹7.5 L/yr - ₹12 L/yr

Sales Manager

2 - 10 years exp. · Mumbai (3 salaries)
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₹3.2 L/yr - ₹5.6 L/yr

Associate Vice President

9 - 20 years exp. · Mumbai (75 salaries)
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₹12 L/yr - ₹30 L/yr

Business Development Manager

3 - 12 years exp. · Mumbai (59 salaries)
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₹3 L/yr - ₹7 L/yr

Senior Business Development Executive

1 - 10 years exp. · Mumbai (41 salaries)
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₹3.4 L/yr - ₹5.1 L/yr

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 (15 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

Sr. BDE

3 - 8 years exp. · Mumbai (12 salaries)
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₹3.3 L/yr - ₹5 L/yr

AVP

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

Last Updated: 28 Jan, 2025

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fathersahaab
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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!
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Salary related reviews for SBI Life Insurance Company

3.3

Rated by 23 employees for salary & benefits

Assistant Manager in Patna

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 15 Jan 2022
1.0
 for  Salary and Benefits

Likes

... more than 6-7yrs in this company only they can get success otherwise no chance. BDM of Institutional Alliance will never get expenses, allowances & bonus. Only Area Manager & above are happy. All are kaamchor oldies but they will not leave there seats and even president and MD also enjoy this culture. No increment no life. HR (Bihar- Abhijit Saha) is the most incompetent, he will never ans you & never support you he is just like a puppet of RM & ZAM even he is use too mentally harass you when you leave the organisation by not replying you & not giving reliving as well FnF on time. The IA channel employees are treated as temp staff, there is no cultural program, no refreshment activity, no training. Target will never be achieved as business partner bank not allow them to do business because Sbilife gives very low commission to them but seniors will screw you but they don't have strong relationship with the GM or AGM.

read more

Dislikes

Institutional Alliance segment should be close, old employees should be thrown out company regularly promotion & expense distribution should be regularised.

read more
  • Salary - Bad
    • +5 more

Assistant Manager in Faridabad

BFSI, Investments & Trading Department

5.0
  •  posted on 20 Apr 2022
5.0
 for  Salary and Benefits

Likes

One of the best place for female, I have completed 10 year. Every month end salary debited in account.

read more
  • Salary - Excellent
    • +6 more

Dislikes

Some incentive criteria should offer for back office support. Please instruct to branches avoid to late sitting because its affected to personal life.

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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.

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  • 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

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  • 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

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Senior Associate in Sultanpur

BFSI, Investments & Trading Department

5.0
  •  posted on 29 Oct 2020
5.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give salary hike and bonus every year.

read more
  • Salary - Excellent
    • +6 more
see more salary related reviews

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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 183 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 3.3/5 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 ₹12.54 lakhs per year. The top 1% earn more than a whopping ₹35.54 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 ₹4.5 Lakhs per year, and for Development Manager the minimum salary is ₹1.8 Lakh to ₹4.6 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 ₹4.4 Lakhs to ₹10.5 Lakhs per year for Management Trainee.
What is the notice period for Assistant Manager at SBI Life Insurance Company in Mumbai?
According to AmbitionBox, 62% of the SBI Life Insurance Company Assistant Managers in Mumbai reported a notice period of 3 Months, 24% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 99 responses on AmbitionBox in last 2 years.

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Average annual salary for Assistant Manager in SBI Life Insurance Company , Mumbai is INRunlock blur . Salary estimates are based on 183 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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