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SBI Life Insurance Company

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3.8

based on 3.7k Reviews

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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

Team Coach

4 - 5 years exp. · Mumbai (AmbitionBox Estimate)
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₹7.7 L/yr - ₹9.8 L/yr

Associate Engineer

0 - 2 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.4 L/yr - ₹3.1 L/yr

Technical Manager

10 - 12 years exp. · Mumbai (AmbitionBox Estimate)
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₹14.2 L/yr - ₹18.2 L/yr

Vice President- HR

14 - 15 years exp. · Mumbai (AmbitionBox Estimate)
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₹25.2 L/yr - ₹32.2 L/yr

Senior Manager Finance & Accounts

10 - 13 years exp. · Mumbai (AmbitionBox Estimate)
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₹9.9 L/yr - ₹12.7 L/yr

Senior Software Engineer

2 - 3 years exp. · Mumbai (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr

Legal Officer

5 - 7 years exp. · Mumbai (AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.9 L/yr

Analyst

4 - 5 years exp. · Mumbai (AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr

Equity Research Analyst

8 - 10 years exp. · Mumbai (AmbitionBox Estimate)
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₹27 L/yr - ₹34.5 L/yr

Manager-F&A

4 - 14 years exp. · Mumbai (AmbitionBox Estimate)
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₹9.7 L/yr - ₹12.3 L/yr

Assistant Manager Service

5 - 6 years exp. · Mumbai (AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.8 L/yr

Sales Supervisor

4 - 9 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr

Associate Vice President Operations

12 - 13 years exp. · Mumbai (AmbitionBox Estimate)
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₹19 L/yr - ₹25 L/yr

C.S.A

2 - 7 years exp. · Mumbai (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.4 L/yr

Agent

6 - 8 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.5 L/yr - ₹2.9 L/yr

Back Office Assistant

6 - 9 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.7 L/yr

Engineer- Customer Support

4 - 5 years exp. · Mumbai (AmbitionBox Estimate)
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₹2.3 L/yr - ₹2.9 L/yr

IT Team Lead

10 - 12 years exp. · Mumbai (AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.7 L/yr

HR Coordinator

1 - 2 years exp. · Mumbai (AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.9 L/yr

A.V.P - IT

16 - 17 years exp. · Mumbai (AmbitionBox Estimate)
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₹19.5 L/yr - ₹25 L/yr

Last Updated: 30 Jan, 2025

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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

3.5

Rated by 207 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 Business Development Executive (10)Senior Associate (10)Senior Business Development Manager (9)
View all 215 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 ₹12.54 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 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 928 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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