SBI Life Insurance Company Process Associate Salaries by 10+ Employees

1 - 5 years exp.

₹1.2 Lakh - ₹3.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

21% less than the average Process Associate Salary in Insurance Companies for 1 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Process Associate Salary 3 years exp. (4 salaries)	₹2.1 L/yr - ₹3.2 L/yr
Teaching & Training Process Associate Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹3 L/yr
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Finance & Accounting Process Associate Salary 4 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.5 L/yr

Last Updated: 10 Oct 2023

Companies similar to SBI Life Insurance Company for Process Associate

Company name	Avg Annual Salary	Open Jobs
Gallagher Process Associate Salary 0 - 4 years exp. (1.4k salaries)	₹1.1 L/yr - ₹6 L/yr 20% more
First American Title Process Associate Salary 1 - 3 years exp. (189 salaries)	₹1.5 L/yr - ₹4 L/yr 8% more
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HDFC Life Process Associate Salary 0 - 4 years exp. (26 salaries)	₹1.5 L/yr - ₹3.1 L/yr 12% less
MetLife Process Associate Salary 0 - 5 years exp. (24 salaries)	₹1.8 L/yr - ₹3.5 L/yr 16% more
Principal Global Services Process Associate Salary 1 - 8 years exp. (23 salaries)	₹2.5 L/yr - ₹6 L/yr 78% more
Axis Max Life Insurance Process Associate Salary 0 - 6 years exp. (15 salaries)	₹2 L/yr - ₹3.3 L/yr 4% more
ICICI Prudential Life Insurance Process Associate Salary 0 - 6 years exp. (10 salaries)	₹2.5 L/yr - ₹6 L/yr 54% more
Shriram Life Insurance Process Associate Salary 0 - 5 years exp. (10 salaries)	₹1.5 L/yr - ₹2.5 L/yr 19% less
ICICI Lombard General Insurance Company Process Associate Salary 0 - 6 years exp. (9 salaries)	₹2.2 L/yr - ₹3 L/yr At par
HDFC Ergo General Insurance Process Associate Salary 1 - 6 years exp. (7 salaries)	₹2.6 L/yr - ₹5 L/yr 27% more
Allianz Process Associate Salary 2 - 8 years exp. (6 salaries)	₹3.5 L/yr - ₹4.2 L/yr 55% more
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AIG Process Associate Salary 1 - 4 years exp. (6 salaries)	₹3 L/yr - ₹4.5 L/yr 46% more
Aditya Birla Sun Life Insurance Process Associate Salary 1 - 4 years exp. (5 salaries)	₹2.6 L/yr - ₹4.7 L/yr 43% more
Bajaj Allianz Life Insurance Process Associate Salary 4 - 7 years exp. (4 salaries)	₹1.2 L/yr - ₹3.2 L/yr 5% less
AON Global Insurance Brokers Process Associate Salary 1 - 4 years exp. (4 salaries)	₹1.5 L/yr - ₹2.4 L/yr 24% less
Bajaj Allianz General Insurance Process Associate Salary 1 - 6 years exp. (4 salaries)	₹2.3 L/yr - ₹4.2 L/yr 17% more
AXA Process Associate Salary 0 - 4 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 43% more
Kotak Mahindara Life Insurance Process Associate Salary 2 - 5 years exp. (5 salaries)	₹1.8 L/yr - ₹4 L/yr 7% less
Star Health & Allied Insurance Process Associate Salary 0 - 5 years exp. (4 salaries)	₹2.1 L/yr - ₹3.5 L/yr 3% more

Process Associate salary at SBI Life Insurance Company ranges between ₹1.2 Lakh to ₹3.5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 12 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Process Associate

1y ago

₹2.1 Lakhs

2 years exp.

1y ago

₹3 Lakhs

5 years exp.

1y ago

₹2.1 Lakhs

3 years exp.

1y ago

₹2.1 Lakhs

3 years exp.

1y ago

₹2.4 Lakhs

3 years exp.

1y ago

4 years exp.

1y ago

3 years exp.

1y ago

3 years exp.

1y ago

4 years exp.

Experience wise SBI Life Insurance Company Process Associate salaries

Last Updated: 10 Oct 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.6 L/yr - ₹2 L/yr
2 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
Login to view exact salary
3 years (5 salaries)	₹2 L/yr - ₹2.4 L/yr
4 years (3 salaries)	₹1.1 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr

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Senior Process Associate Salary

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₹475 L/yr - ₹525 L/yr

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Finance Executive Salary

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₹1.2 L/yr - ₹5.5 L/yr

Analyst Salary

(4 salaries)

₹4.2 L/yr - ₹7.95 L/yr

Accounting Staff Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

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₹2 L/yr - ₹7.5 L/yr

Salary related reviews for SBI Life Insurance Company

2.8

Rated by 5 employees for salary & benefits

Management Trainee in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 02 Nov 2023

4.0

for Salary and Benefits

Likes

Salary and benefits are supportive.

Salary - Good

+1 more

Dislikes

No work life balance. The sales team pushes things like hell specially in the eastern region of the country. Third Saturday is a leave according to the company's leave policies but we don't get that leave.

Skill development - Poor

+4 more

Senior Associate in New Delhi

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.

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

Work satisfaction - Poor

+2 more

Senior Associate in Jaipur

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

Senior Associate in Sultanpur

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.

Salary - Excellent

+6 more

Business Development Manager in Deoghar

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.

Salary - Poor

see more salary related reviews

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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SBI Life Insurance Company Process Associate Salary FAQs

What is the salary of Process Associate at SBI Life Insurance Company ?

The average salary of a Process Associate at SBI Life Insurance Company in India typically ranges from ₹1.2 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Process Associate at SBI Life Insurance Company earn more than ₹3.2 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Process Associate 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 10+ SBI Life Insurance Company employees in India.

What is the estimated take home salary of a Process Associate at SBI Life Insurance Company in India?

The estimated take-home salary of a Process Associate at SBI Life Insurance Company in India typically ranges from ₹17,574 to ₹19,273 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 1 year to 5 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 10+ 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 Process Associate in India?

Principal Global Services	₹2.5 Lakhs to ₹6.0 Lakhs per year
Allianz	₹3.5 Lakhs to ₹4.2 Lakhs per year
ICICI Prudential Life Insurance	₹2.5 Lakhs to ₹6.0 Lakhs per year
AIG	₹3.0 Lakhs to ₹4.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.6 Lakhs to ₹4.7 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 Process Associate in companies similar to SBI Life Insurance Company in India?

The salary of a Process Associate 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:

AXA	₹3.0 Lakhs to ₹4.5 Lakhs per year
HDFC Ergo General Insurance	₹2.6 Lakhs to ₹5.0 Lakhs per year
Gallagher	₹1.1 Lakhs to ₹6.0 Lakhs per year
Bajaj Allianz General Insurance	₹2.3 Lakhs to ₹4.2 Lakhs per year
MetLife	₹1.8 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 Process Associate at SBI Life Insurance Company in India?

The salary growth for a Process Associate at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a Process Associate can expect the following growth trajectory at SBI Life Insurance Company:

Experience	Average Salary Range
1 year	₹1.6 Lakhs to ₹2.0 Lakhs per year
2 years	₹1.9 Lakhs to ₹2.4 Lakhs per year
3 years	₹2.0 Lakhs to ₹2.4 Lakhs per year
4 years	₹1.1 Lakhs to ₹3.5 Lakhs per year

and so on.

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SBI Life Insurance Company Process Associate Salaries

SBI Life Insurance Company Process Associate salary in India ranges between ₹1.2 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.