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SBI Life Insurance Company Officer salaries in India (Updated 2025)

Annual salary range
0 - 10 years exp.
₹2.5 Lakhs - ₹4 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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38% less than the average Officer Salary in Insurance Companies for 0 - 10 years of experience

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Last Updated: 21 Mar 2025

Companies similar to SBI Life Insurance Company for Officer

Company name Avg Annual Salary Open Jobs
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Star Health & Allied Insurance Officer Salary

0 - 6 years exp. (203 salaries)

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₹1.1 L/yr - ₹4 L/yr

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₹1.2 L/yr - ₹2.6 L/yr

arrow icon 30% less
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Tata AIA Life Insurance Officer Salary

3 - 7 years exp. (14 salaries)

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₹2.8 L/yr - ₹4.9 L/yr

arrow icon 25% more
2 job openings
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HDFC Ergo General Insurance Officer Salary

0 - 7 years exp. (9 salaries)

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₹2.9 L/yr - ₹3.2 L/yr

arrow icon 3% less
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₹1.1 L/yr - ₹5.5 L/yr

arrow icon 10% more
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HDFC Life Officer Salary

3 - 7 years exp. (6 salaries)

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₹2.2 L/yr - ₹3.6 L/yr

arrow icon 1% less
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Kotak Mahindara Life Insurance Officer Salary

0 - 11 years exp. (6 salaries)

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₹3 L/yr - ₹4.5 L/yr

arrow icon 22% more
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₹3 L/yr - ₹3.9 L/yr

arrow icon 15% more
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Bajaj Allianz Life Insurance Officer Salary

2 - 12 years exp. (5 salaries)

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₹1.2 L/yr - ₹2.8 L/yr

arrow icon 27% less
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₹1.8 L/yr - ₹6.2 L/yr

arrow icon 12% more
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Axis Max Life Insurance Officer Salary

2 - 15 years exp. (3 salaries)

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₹2.8 L/yr - ₹12 L/yr

arrow icon 98% more
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₹1.3 L/yr - ₹3.2 L/yr

arrow icon 38% less
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The Oriental Insurance Co. Officer Salary

1 - 2 years exp. (3 salaries)

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₹1.3 L/yr - ₹2 L/yr

arrow icon 49% less
Officer salary at SBI Life Insurance Company ranges between ₹2.5 Lakhs to ₹4 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Officer

1mo ago
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3 years exp.
1mo ago
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10 years exp.

Experience wise SBI Life Insurance Company Officer salaries

Last Updated: 21 Mar 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.9 L/yr - ₹5.8 L/yr
1 year (AmbitionBox Estimate)

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₹2.9 L/yr - ₹5.7 L/yr
2 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.6 L/yr
3 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.5 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

QA Engineer Salary
(AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr
Test Engineer Salary
(AmbitionBox Estimate)
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₹12.7 L/yr - ₹16.2 L/yr
Deputy Manager Salary
(38 salaries)
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₹2.5 L/yr - ₹10 L/yr
Junior Engineer Salary
(AmbitionBox Estimate)
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₹8.1 L/yr - ₹10.4 L/yr
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₹6.5 L/yr - ₹8.5 L/yr
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₹3.8 L/yr - ₹4.5 L/yr
Automation Test Engineer Salary
(AmbitionBox Estimate)
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₹12.6 L/yr - ₹16.1 L/yr
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₹4 L/yr - ₹12.5 L/yr

Salary related reviews for SBI Life Insurance Company

4.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Marketing & Communication Department

5.0
  •  posted on 30 Jan 2025

2.0
 for  Salary and Benefits

Likes

Very good policy, good Behaviour from all senior Management.

  • Skill development - Good
  • +3 more

Dislikes

I am working from last 8 year but my salary is very low. If someone working is in other companies and they switched from there to here they are getting good CTC. If you are working in good location and if your assign branch and branch manager is good so you can get promotion but if you not working in good location or your assign branch is not good it's very deficit to get promotion.

read more
  • Salary - Poor

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 17 Jan 2024

1.0
 for  Salary and Benefits

Likes

Even though the salary in this company is very less as per the work, the salary is paid on time.

read more

Dislikes

In today's times, it is important to work to support my family properly, hence I give my 100% to this company so that someday my salary will increase but after working for more than 1 year, I am realizing that It is very difficult to move forward, here we have to work till late night due to which we are not able to give time to our family, and even after doing so much work, we get very low salary so that I cannot support my family properly. I don't know how to do it, even after working for more than 14 hours every day, I don't get any bonus also.

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 18 Oct 2023

1.0
 for  Salary and Benefits

Likes

...R profile like a puppet.Every single decesion are managed by higher authorities. No work and life balance, salary are on time but no increment very pathetic salary structure. No self respect. No work time. No emotion . Daily pressure. Vary vary bad 😭

read more
  • Job security - Good
  • +1 more

Dislikes

Every thing Accept salary on time

  • Salary - Bad
  • +4 more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 23 Mar 2024

2.0
 for  Salary and Benefits

Likes

SBI LIFE company one of d best Lerner and advance business development company. I learnt about recruitment, business development, product knowledge, proper training, market identification, prospect screening everything... This base given me stronger now make my leadership skills, culture is very good, supportive operation staff, digital marketing services also digital payment security is one of d best function. I like learning, build relationships with my team, products and culture.

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  • Skill development - Good
  • +2 more

Dislikes

It's issue about low salary, holiday weekend not allowed, some seniors behaviour very rude and harrasment. Company HR not responded after leaving job, some manager HR not understanding what is situation about employee. Very badly speak in front of our team, ts hurt.

read more
  • Salary - Poor

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 08 Jul 2023

1.0
 for  Salary and Benefits

Likes

Salary is credited on time. Office ambience is good

Dislikes

There is no work life balance in the company. There is huge salary gap in sales and operations. Work load is unevenly distributed between male and female employees. There is overtime on regular basis and male employees are forced to work overtime and times cooercive language is used. KRA is not properly set and you don't know on which basis you will be rated. Reporting manager is free to use any misappropriate language and HR manager completely support any misdeeds of managers and does every best to supress your complaint.

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

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SBI Life Insurance Company Officer Salary FAQs

What is the salary of Officer at SBI Life Insurance Company ?
The average salary of a Officer at SBI Life Insurance Company in India typically ranges from ₹2.5 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Officer at SBI Life Insurance Company earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Officer 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 estimates are based on salary data submitted by 4 SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Officer at SBI Life Insurance Company in India?
The estimated take-home salary of a Officer at SBI Life Insurance Company in India typically ranges from ₹21,611 to ₹23,101 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 10 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than SBI Life Insurance Company for Officer in India?
Axis Max Life Insurance ₹2.8 Lakhs to ₹12.0 Lakhs per year
Tata AIA Life Insurance ₹2.8 Lakhs to ₹4.9 Lakhs per year
Kotak Mahindara Life Insurance ₹3.0 Lakhs to ₹4.5 Lakhs per year
ICICI Prudential Life Insurance ₹3.0 Lakhs to ₹3.9 Lakhs per year
Reliance Nippon Life Insurance ₹1.8 Lakhs to ₹6.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI Life Insurance Company, depending on the role and experience level.
What is the salary of a Officer in companies similar to SBI Life Insurance Company in India?
The salary of a Officer at companies similar to SBI Life Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Lombard General Insurance Company ₹1.1 Lakhs to ₹5.5 Lakhs per year
HDFC Life ₹2.2 Lakhs to ₹3.6 Lakhs per year
HDFC Ergo General Insurance ₹2.9 Lakhs to ₹3.2 Lakhs per year
Star Health & Allied Insurance ₹1.1 Lakhs to ₹4.0 Lakhs per year
Bajaj Allianz Life Insurance ₹1.2 Lakhs to ₹2.8 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Officer at SBI Life Insurance Company in India?
The salary growth for a Officer at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a Officer can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
Fresher ₹2.9 Lakhs to ₹5.8 Lakhs per year
1 year ₹2.9 Lakhs to ₹5.7 Lakhs per year
2 years ₹2.8 Lakhs to ₹3.6 Lakhs per year
3 years ₹1.2 Lakhs to ₹4.0 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Officer salary in India ranges between ₹2.5 Lakhs to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.