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SBI Life Insurance Company Operations Executive salaries in Mumbai

Annual salary range
6 - 9 years exp.
₹3.5 Lakhs - ₹5.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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40% more than the average Operations Executive Salary in Insurance Companies for 6 - 9 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Operations Executive Salary
8 - 9 years exp. (3 salaries)
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₹4.1 L/yr - ₹5.5 L/yr

BFSI, Investments & Trading
Operations Executive Salary
6 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹5 L/yr

Last Updated: 22 Jun 2024

Companies similar to SBI Life Insurance Company for Operations Executive in Mumbai

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SBI Life Insurance Company Operations Executive Salary

6 - 9 years exp. (4 salaries)

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₹3.5 L/yr - ₹5.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹1.8 L/yr - ₹5 L/yr

arrow icon 27% less
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₹1 L/yr - ₹4.3 L/yr

arrow icon 37% less
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₹2.2 L/yr - ₹4.8 L/yr

arrow icon 27% less
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₹1.6 L/yr - ₹6.1 L/yr

arrow icon 11% more
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₹1.8 L/yr - ₹4.1 L/yr

arrow icon 26% less
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₹2.1 L/yr - ₹3.6 L/yr

arrow icon 37% less
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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 28% less
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₹1.6 L/yr - ₹4.3 L/yr

arrow icon 30% less
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HDFC Life Operations Executive Salary

3 - 7 years exp. (5 salaries)

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₹2 L/yr - ₹4 L/yr

arrow icon 31% less
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₹2.5 L/yr - ₹3 L/yr

arrow icon 37% less
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PNB MetLife Operations Executive Salary

2 - 5 years exp. (4 salaries)

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₹2 L/yr - ₹3.1 L/yr

arrow icon 39% less
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₹2.4 L/yr - ₹3.8 L/yr

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₹2.6 L/yr - ₹3.5 L/yr

arrow icon 28% less
1 job opening
Operations Executive salary at SBI Life Insurance Company ranges between ₹3.5 Lakhs to ₹5.5 Lakhs per year for employees with experience between 6 years to 9 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 Operations Executive in Mumbai

9mo ago
₹4.6 Lakhs
8 years exp.
1y ago
₹5.5 Lakhs
9 years exp.

Experience wise SBI Life Insurance Company Operations Executive salaries in Mumbai

Last Updated: 22 Jun 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)

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₹4 L/yr - ₹5.2 L/yr
8 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹5.3 L/yr
9 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹5.5 L/yr
SBI Life Insurance Company Operations Executive Salary and Career Growth

From

To

Operations Executive

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2 - 10 years exp.

Senior Executive Operations

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4 - 16 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in SBI Life Insurance Company

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₹3 L/yr - ₹6.8 L/yr
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₹7.3 L/yr - ₹10 L/yr
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₹3.24 L/yr - ₹5 L/yr
Team Lead Salary
(5 salaries)
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₹3.6 L/yr - ₹4.8 L/yr

Top skills at SBI Life Insurance Company for Operations Executive

Policy Servicing TAT

Salary related reviews for SBI Life Insurance Company

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.

read more
  • 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

read more
  • Work satisfaction - Poor
  • +2 more

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

read more

BFSI, Investments & Trading Department

3.0
  •  posted on 30 May 2021

2.0
 for  Salary and Benefits

Likes

Very less pressure compare to other companies

  • Skill development - Good
  • +1 more

Dislikes

Too much partiality. People from head office have growth opportunities. Also salary is very less as compared to work. Once I raised voice against such culture but nothing happened and I was blacklisted and targetted till now. It's HR job to look after employees grudges but they only suppress the voice

read more
  • Salary - Poor
  • +3 more

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

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
see more salary related reviews

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SBI Life Insurance Company Operations Executive Salary FAQs

What is the salary of Operations Executive at SBI Life Insurance Company in Mumbai?
The average salary of a Operations Executive at SBI Life Insurance Company in Mumbai typically ranges from ₹3.5 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 6 years to 9 years).

The top 10% of Operations Executive in Mumbai at SBI Life Insurance Company earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Operations Executive 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 Operations Executive at SBI Life Insurance Company in Mumbai?
The estimated take-home salary of a Operations Executive at SBI Life Insurance Company in Mumbai typically ranges from ₹32,473 to ₹33,751 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 6 years to 9 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.
What are the key skills required to be a Operations Executive at SBI Life Insurance Company in Mumbai?
To be a Operations Executive at SBI Life Insurance Company in Mumbai, the key skills required include:

  • - Policy Servicing
  • - TAT

These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SBI Life Insurance Company for Operations Executive in India?
Tata AIA Life Insurance ₹1.6 Lakhs to ₹6.1 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 Operations Executive in companies similar to SBI Life Insurance Company in Mumbai?
The salary of a Operations Executive at companies similar to SBI Life Insurance Company in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Ergo General Insurance ₹1.8 Lakhs to ₹4.1 Lakhs per year
SBI General Insurance ₹1.8 Lakhs to ₹5.0 Lakhs per year
Aditya Birla Health Insurance Co ₹2.2 Lakhs to ₹4.8 Lakhs per year
Kotak Mahindara Life Insurance ₹2.5 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz Life Insurance ₹2.6 Lakhs to ₹3.5 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 Operations Executive at SBI Life Insurance Company in Mumbai?
The salary growth for a Operations Executive at SBI Life Insurance Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Operations Executive in Mumbai can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
6 years ₹3.9 Lakhs to ₹5.0 Lakhs per year
7 years ₹4.0 Lakhs to ₹5.2 Lakhs per year
8 years ₹4.2 Lakhs to ₹5.3 Lakhs per year
9 years ₹4.3 Lakhs to ₹5.5 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Operations Executive salary in Mumbai ranges between ₹3.5 Lakhs to ₹5.5 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.