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SBI Life Insurance Company Operations Manager salaries in Mumbai

Annual salary range
8 - 17 years exp.
₹7.3 Lakhs - ₹10 Lakhs
Salary of majority employees
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Fixed (79%)
₹6.3 Lakhs
Variable (21%)
₹1.6 Lakh
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28% 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

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SBI Life Insurance Company Operations Manager Salary

8 - 17 years exp. (9 salaries)

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₹7.3 L/yr - ₹10 L/yr

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Company name Avg Annual Salary Open Jobs
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₹3.7 L/yr - ₹9 L/yr

arrow icon 23% less
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HDFC Life Operations Manager Salary

1 - 17 years exp. (9 salaries)

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₹1.5 L/yr - ₹10 L/yr

arrow icon 29% less
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₹5 L/yr - ₹13.5 L/yr

arrow icon 19% more
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₹3.1 L/yr - ₹5 L/yr

arrow icon 41% less
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₹10.1 L/yr - ₹15.6 L/yr

arrow icon 49% more
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PNB MetLife Operations Manager Salary

8 - 11 years exp. (3 salaries)

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₹7.7 L/yr - ₹11.2 L/yr

arrow icon 3% more
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₹1.8 L/yr - ₹8.1 L/yr

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1 job opening
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₹3.8 L/yr - ₹9.8 L/yr

arrow icon 15% less
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₹2.3 L/yr - ₹7.8 L/yr

arrow icon 33% less
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₹3.8 L/yr - ₹6.3 L/yr

arrow icon 41% less
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.

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

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16 years exp.
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17 years exp.
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12 years exp.
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9 years exp.
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Experience wise SBI Life Insurance Company Operations Manager salaries in Mumbai

Last Updated: 9 Nov 2024

Experience Avg Annual Salary
8 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹8.8 L/yr
9 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹8.8 L/yr
10 years (AmbitionBox Estimate)

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₹7.3 L/yr - ₹13.7 L/yr
11 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹8.2 L/yr
12 years (AmbitionBox Estimate)

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₹7.7 L/yr - ₹14.5 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

Area Manager Salary
(16 salaries)
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₹7.5 L/yr - ₹14.21 L/yr
Branch Manager Salary
(8 salaries)
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₹8 L/yr - ₹11.2 L/yr
Deputy Manager Salary
(7 salaries)
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₹4.5 L/yr - ₹10 L/yr
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₹3.24 L/yr - ₹5 L/yr
Team Manager Salary
(4 salaries)
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₹7.5 L/yr - ₹12.55 L/yr
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₹6.75 L/yr - ₹14 L/yr
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₹12.2 L/yr - ₹20 L/yr

Salary related reviews for SBI Life Insurance Company

3.7

Rated by 3 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

 · 

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

read more
  • Salary - Poor
  • +6 more

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.

read more
  • Salary - Excellent
  • +6 more

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.

read more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 25 Sep 2023

1.0
 for  Salary and Benefits

Likes

Only Job Security,

  • Job security - Good

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.🙏

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  • Salary - Bad
  • +3 more

Sales Department

1.0
  •  posted on 12 May 2022

5.0
 for  Salary and Benefits

Likes

Salary before month end Brand Reputation

  • Salary - Excellent
  • +1 more

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

read more
  • Skill development - Poor
  • +2 more
see more salary related reviews

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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 28% 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 28% 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 ₹15.6 Lakhs per year
  • Bajaj Allianz Life Insurance Operations Manager Salary - ₹5.0 Lakhs to ₹13.5 Lakhs per year
  • PNB MetLife Operations Manager Salary - ₹7.7 Lakhs to ₹11.2 Lakhs per year
What is the salary of a Operations Manager in companies similar to SBI Life Insurance Company in Mumbai?
  • Aditya Birla Health Insurance Co Operations Manager Salary - ₹3.8 Lakhs to ₹9.8 Lakhs per year
  • ICICI Prudential Life Insurance Operations Manager Salary - ₹3.7 Lakhs to ₹9.0 Lakhs per year
  • HDFC Life Operations Manager Salary - ₹1.5 Lakhs to ₹10.0 Lakhs per year
  • HDFC Ergo General Insurance Operations Manager Salary - ₹2.3 Lakhs to ₹7.8 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 ₹58,577 per month to ₹60,054 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.

Tell us how to improve this page.

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