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SBI Life Insurance Company

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3.8

based on 3.9k Reviews

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SBI Life Insurance Company Salaries in Mumbai (Updated 2025)

based on 1.5k 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 - Audit

12 years exp. · Mumbai (AmbitionBox Estimate)
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₹6 L/yr - ₹7.7 L/yr

Senior Research Analyst

9 years exp. · Mumbai (AmbitionBox Estimate)
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₹18 L/yr - ₹23 L/yr

Test Engineer

2 years exp. · Mumbai (AmbitionBox Estimate)
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₹3 L/yr - ₹3.8 L/yr

HR Generalist

5 years exp. · Mumbai (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr

Technical Lead

12 years exp. · Mumbai (AmbitionBox Estimate)
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₹3.9 L/yr - ₹4.9 L/yr

Production Manager

2 years exp. · Mumbai (AmbitionBox Estimate)
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₹7 L/yr - ₹9 L/yr

Senior Advisor

5 years exp. · Mumbai (AmbitionBox Estimate)
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₹3 L/yr - ₹3.8 L/yr

Windows Administrator

10 years exp. · Mumbai (AmbitionBox Estimate)
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₹8.1 L/yr - ₹10.4 L/yr

Assistant Manager Finance & Accounts

5 years exp. · Mumbai (AmbitionBox Estimate)
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₹7.2 L/yr - ₹9.2 L/yr

Senior Manager Investments

10 years exp. · Mumbai (AmbitionBox Estimate)
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₹27 L/yr - ₹34.5 L/yr

Executive Accountant

8 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.3 L/yr - ₹2.9 L/yr

Trainee

Fresher · Mumbai (AmbitionBox Estimate)
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₹9.5 L/yr - ₹12.1 L/yr

Electrical Engineer

11 years exp. · Mumbai (AmbitionBox Estimate)
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₹9 L/yr - ₹11.5 L/yr

Online Marketing Manager

4 years exp. · Mumbai (AmbitionBox Estimate)
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₹11.2 L/yr - ₹14.3 L/yr

DPT.Manager

Fresher · Mumbai (AmbitionBox Estimate)
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₹6.1 L/yr - ₹10 L/yr

Android Developer

1 year exp. · Mumbai (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

Senior Software Engineer Testing

5 years exp. · Mumbai (AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr

Windows Server Administrator

1 year exp. · Mumbai (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.4 L/yr

Regional HR

1 year exp. · Mumbai (AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.2 L/yr

Product Marketing Manager

3 years exp. · Mumbai (AmbitionBox Estimate)
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₹9.9 L/yr - ₹12.7 L/yr

Last Updated: 21 Mar, 2025

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Salary Discussions, Hike & Promotions
2w
a system engineer
Just had to share this, I got a 100% hike!
I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.
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Salary related reviews for SBI Life Insurance Company

3.4

Rated by 227 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.

  • Job security - Good

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
  • Promotions - Bad
    • +1 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
  • Skill development - Good
    • +3 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
  • Promotions - Poor

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
  • Skill development - Good
    • +4 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
  • Skill development - Excellent
    • +3 more

Dislikes

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

read more
  • Promotions - Poor

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
  • Salary - Excellent
    • +5 more

Dislikes

very big pressure Target every Hour pressure.

  • Skill development - Poor
see more salary related reviews

SBI Life Insurance Company interview questions by designations

Business Development Manager (19)Senior Associate (10)Senior Business Development Manager (10)Senior Business Development Executive (10)
View all 222 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 to its employees?
The average annual salary at SBI Life Insurance Company varies depending on the role, experience, and location. The salary ranges for some popular designations at SBI Life Insurance Company, are as follows:

Assistant Manager - Audit ₹6 Lakhs to ₹7.7 Lakhs per year
Senior Research Analyst ₹18 Lakhs to ₹23 Lakhs per year
Test Engineer ₹3 Lakhs to ₹3.8 Lakhs per year
HR Generalist ₹4.5 Lakhs to ₹5.8 Lakhs per year

The highest-paying role, Senior Vice President, earns between ₹45 Lakhs to ₹1.1 Crore per year. The top 10% of employees earn more than ₹12.8 Lakhs per year, and the top 1% earn over ₹35.7 Lakhs per year. 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 salary estimates are based on data from 1.5k salaries submitted by SBI Life Insurance Company employees. SBI Life Insurance Company is rated 3.4 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at SBI Life Insurance Company in Mumbai?
The salary of a fresher at SBI Life Insurance Company in Mumbai typically ranges from ₹1 Lakh to ₹10.5 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Senior Associate Salary ₹2.9 Lakhs to ₹5.5 Lakhs per year
Fresher as a Business Development Manager Salary ₹2.1 Lakhs to ₹5 Lakhs per year
Fresher as a Management Trainee Salary ₹4.7 Lakhs to ₹10.5 Lakhs per year
Fresher as a Business Development Executive Salary ₹2 Lakhs to ₹3.9 Lakhs per year

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Average annual salary in SBI Life Insurance Company , Mumbai is INRunlock blur . Salary estimates are based on 1.5k SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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