SBI Life Insurance Company Mumbai Operations Manager Salaries by 9 Employees (Updated 2025)

8 - 17 years exp.

₹7.3 Lakhs - ₹10 Lakhs

Salary of majority employees

24% less than the average Operations Manager Salary in Insurance Companies for 8 - 17 years of experience

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Last Updated: 9 Nov 2024

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

SBI Life Insurance Company Operations Manager Salary

8 - 17 years exp. (9 salaries)

₹7.3 L/yr - ₹10 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Operations Manager Salary 2 - 7 years exp. (8 salaries)	₹3.7 L/yr - ₹9 L/yr 50% less
HDFC Life Operations Manager Salary 1 - 15 years exp. (8 salaries)	₹1.5 L/yr - ₹10 L/yr 28% less
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Bajaj Allianz Life Insurance Operations Manager Salary 4 - 16 years exp. (3 salaries)	₹5 L/yr - ₹13.5 L/yr 15% more
Kotak Mahindara Life Insurance Operations Manager Salary 1 - 10 years exp. (5 salaries)	₹3.1 L/yr - ₹5 L/yr 42% less
Tata AIA Life Insurance Operations Manager Salary 10 - 17 years exp. (13 salaries)	₹10.1 L/yr - ₹15.5 L/yr 48% more
PNB MetLife Operations Manager Salary 8 - 11 years exp. (3 salaries)	₹6.5 L/yr - ₹11.2 L/yr 14% less
ICICI Lombard General Insurance Company Operations Manager Salary 2 - 11 years exp. (162 salaries)	₹1.5 L/yr - ₹7.4 L/yr 52% less
Care Health Insurance Operations Manager Salary 2 - 7 years exp. (6 salaries)	₹1.5 L/yr - ₹6 L/yr 62% less
Aditya Birla Health Insurance Co Operations Manager Salary 8 - 14 years exp. (4 salaries)	₹3.8 L/yr - ₹9.8 L/yr 17% less
HDFC Ergo General Insurance Operations Manager Salary 8 - 13 years exp. (4 salaries)	₹2.3 L/yr - ₹7.8 L/yr 23% less
SBI General Insurance Operations Manager Salary 2 - 16 years exp. (3 salaries)	₹3.8 L/yr - ₹6.3 L/yr 41% less
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Operations Manager salary at SBI Life Insurance Company ranges between ₹7.3 Lakhs to ₹10 Lakhs per year for employees with experience between 8 years to 17 years. Salary estimates are based on 9 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Operations Manager salaries in Mumbai

Last Updated: 9 Nov 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹3 L/yr - ₹8.8 L/yr
9 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹8.8 L/yr
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10 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹14.2 L/yr
11 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹8.2 L/yr
12 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹14.9 L/yr
13 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹15.3 L/yr
14 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
15+ years (3 salaries)	₹3.6 L/yr - ₹10 L/yr

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Similar Designation salaries in SBI Life Insurance Company

Area Manager Salary

(16 salaries)

₹7.5 L/yr - ₹14.21 L/yr

Deputy Manager Salary

(8 salaries)

₹4.5 L/yr - ₹10 L/yr

Branch Manager Salary

(7 salaries)

₹8 L/yr - ₹11.2 L/yr

Relationship Manager Salary

(6 salaries)

₹3.24 L/yr - ₹5 L/yr

Project Manager Salary

(4 salaries)

₹6.75 L/yr - ₹14 L/yr

Team Manager Salary

(3 salaries)

₹7.5 L/yr - ₹12 L/yr

Program Manager Salary

(3 salaries)

₹12.2 L/yr - ₹20 L/yr

Salary related reviews for SBI Life Insurance Company

4.0

Rated by 1 employees for salary & benefits

Business Development Manager in Rajkot

Full Time

Sales & Business Development Department

3.0

• posted on 01 Feb 2023

2.0

for Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

Official working days me bhi office bulate hain aur bill pay nahi karte hain personal life jaish kuchh nahi rehta hain aur morning 7:00am zoom start kar dete hain

Business Development Manager in Jaipur

Full Time

Sels Department

5.0

• posted on 12 Apr 2021

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 good salary hike and bonus every year.

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Business Development Manager in Work Form Bank And Field

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 25 Sep 2023

1.0

for Salary and Benefits

Likes

Only Job Security,

Dislikes

...hear from long time. Only due to not get any increment I have left the job..... You will hire new persons on higher package but you won't retain ur old employes on giving them some litter bit hike or increment. My humble request to you that plz take care of your old employes who are working on lower package or CTC, from long time...plz don't force them to leave the job due to lower Package... And plz start Rehiring. Lots of old employes are ready to work with sbilife Again.🙏

Business Development Manager in Bangalore / Bengaluru

Sales Department

1.0

• posted on 12 May 2022

5.0

for Salary and Benefits

Likes

Salary before month end Brand Reputation

Dislikes

No personal life satisfaction Terrible AM behavior No felicitation No recognition Poor plans and costly Pressure will come like he'll If channel partners not supported even though we've to do business.. Less customer service at channel partner

Business Development Manager

Karur Department

4.0

• posted on 14 Feb 2020

4.0

for Salary and Benefits

Likes

The SBI life insurance co Ltd . Developed employees career &life style I'm worked SBI life manappari branch .

Dislikes

My branch manager don't support to me & my office friends every day pressure & loss pay working time morning 7to evening 9

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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SBI Life Insurance Company Operations Manager Salary FAQs

What is the salary of Operations Manager at SBI Life Insurance Company Mumbai?

Operations Manager salary at SBI Life Insurance Company in Mumbai ranges between ₹7.3 Lakhs to ₹10.0 Lakhs for experience between 8 years to 17 years. According to our estimates it is 24% less than the average Operations Manager Salary in India. Salary estimates are based on 9 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

How does the salary of a Operations Manager at SBI Life Insurance Company Mumbai compare with the average salary range for this job?

The average salary of a Operations Manager at SBI Life Insurance Company is 24% less than the average salary of a Operations Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Operations Manager in Mumbai?

Tata AIA Life Insurance Operations Manager Salary - ₹10.1 Lakhs to ₹15.5 Lakhs per year
Bajaj Allianz Life Insurance Operations Manager Salary - ₹5.0 Lakhs to ₹13.5 Lakhs per year

What is the salary of a Operations Manager in companies similar to SBI Life Insurance Company in Mumbai?

PNB MetLife Operations Manager Salary - ₹6.5 Lakhs to ₹11.2 Lakhs per year
Aditya Birla Health Insurance Co Operations Manager Salary - ₹3.8 Lakhs to ₹9.8 Lakhs per year
HDFC Ergo General Insurance Operations Manager Salary - ₹2.3 Lakhs to ₹7.8 Lakhs per year
HDFC Life Operations Manager Salary - ₹1.5 Lakhs to ₹10.0 Lakhs per year
SBI General Insurance Operations Manager Salary - ₹3.8 Lakhs to ₹6.3 Lakhs per year

What is the estimated take home salary of a Operations Manager at SBI Life Insurance Company in Mumbai?

The estimated take-home salary of a Operations Manager at SBI Life Insurance Company ranges between ₹60,247 per month to ₹61,771 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Operations Manager salary in India which ranges between ₹7.3 Lakhs to ₹10.0 Lakhs per year for employees with experience between 8 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Operations Manager at SBI Life Insurance Company in Mumbai?

According to AmbitionBox, 100% of the SBI Life Insurance Company Operations Managers in Mumbai reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Operations Manager Salaries in Mumbai

SBI Life Insurance Company Operations Manager salary in Mumbai ranges between ₹7.3 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Operations Manager salaries in Mumbai

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

Latest annual salaries shared by SBI Life Insurance Company Operations Manager in Mumbai

Experience wise SBI Life Insurance Company Operations Manager salaries in Mumbai

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Business Development Manager in Rajkot

Business Development Manager in Jaipur

Business Development Manager in Work Form Bank And Field

Business Development Manager in Bangalore / Bengaluru

Business Development Manager

SBI Life Insurance Company Operations Manager Salary FAQs

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