SBI Life Insurance Company Product Manager Salaries by 10+ Employees (Updated 2025)

2 - 7 years exp.

₹7.8 Lakhs - ₹14.5 Lakhs

Salary of majority employees

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51% less than the average Product Manager Salary in Insurance Companies for 2 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Product Manager Salary 2 - 4 years exp. (3 salaries)	Unlock ₹7.8 L/yr - ₹10 L/yr
Data Science & Analytics Product Manager Salary 3 - 6 years exp. (3 salaries)	Unlock ₹9.1 L/yr - ₹10.5 L/yr
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Marketing & Communication Product Manager Salary 3 - 5 years exp. (3 salaries)	Unlock ₹9.8 L/yr - ₹13.5 L/yr
Product Management Product Manager Salary 3 - 5 years exp. (AmbitionBox Estimate)	Unlock ₹8 L/yr - ₹13.6 L/yr

Last Updated: 11 Jul 2023

Companies similar to SBI Life Insurance Company for Product Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Product Manager Salary 0 - 6 years exp. (32 salaries)	Unlock ₹6.7 L/yr - ₹19 L/yr 55% more
HDFC Life Product Manager Salary 2 - 8 years exp. (76 salaries)	Unlock ₹7.5 L/yr - ₹20 L/yr 24% more
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Max Life Insurance Product Manager Salary 2 - 9 years exp. (27 salaries)	Unlock ₹7.2 L/yr - ₹30 L/yr 60% more
Bajaj Allianz Life Insurance Product Manager Salary 0 - 13 years exp. (13 salaries)	Unlock ₹8 L/yr - ₹30 L/yr 70% more
Kotak Mahindara Life Insurance Product Manager Salary 1 - 8 years exp. (26 salaries)	Unlock ₹7.9 L/yr - ₹31 L/yr 83% more
Reliance Nippon Life Insurance Product Manager Salary 3 - 7 years exp. (7 salaries)	Unlock ₹6 L/yr - ₹15 L/yr 16% more
Tata AIA Life Insurance Product Manager Salary 5 - 10 years exp. (8 salaries)	Unlock ₹11 L/yr - ₹32 L/yr 73% more
Aditya Birla Sun Life Insurance Product Manager Salary 1 - 6 years exp. (7 salaries)	Unlock ₹10 L/yr - ₹16 L/yr 48% more
PNB MetLife Product Manager Salary 2 - 8 years exp. (4 salaries)	Unlock ₹14.5 L/yr - ₹25 L/yr 86% more
ICICI Lombard General Insurance Company Product Manager Salary 0 - 9 years exp. (288 salaries)	Unlock ₹6.7 L/yr - ₹23.2 L/yr 44% more
HDFC Ergo General Insurance Product Manager Salary 0 - 2 years exp. (19 salaries)	Unlock ₹13 L/yr - ₹19 L/yr 48% more
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Star Health & Allied Insurance Product Manager Salary 4 - 8 years exp. (15 salaries)	Unlock ₹13 L/yr - ₹30.5 L/yr 70% more	1 job opening
Bajaj Allianz General Insurance Product Manager Salary 1 - 13 years exp. (13 salaries)	Unlock ₹5 L/yr - ₹19 L/yr 11% more
Principal Global Services Product Manager Salary 8 - 14 years exp. (12 salaries)	Unlock ₹26.5 L/yr - ₹44 L/yr 216% more
Aditya Birla Health Insurance Co Product Manager Salary 2 - 9 years exp. (8 salaries)	Unlock ₹9 L/yr - ₹25.5 L/yr 54% more
MetLife Product Manager Salary 5 - 24 years exp. (4 salaries)	Unlock ₹20 L/yr - ₹28.5 L/yr 127% more
SBI General Insurance Product Manager Salary 1 - 13 years exp. (3 salaries)	Unlock ₹8.2 L/yr - ₹15.5 L/yr 7% more

Product Manager salary at SBI Life Insurance Company ranges between ₹7.8 Lakhs to ₹14.5 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 18 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Product Manager

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Experience wise SBI Life Insurance Company Product Manager salaries

Last Updated: 11 Jul 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	Unlock ₹7.8 L/yr - ₹18.3 L/yr
3 years (7 salaries)	Unlock ₹9 L/yr - ₹13.6 L/yr
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4 years (3 salaries)	Unlock ₹9 L/yr - ₹18.8 L/yr
5 years (4 salaries)	Unlock ₹8 L/yr - ₹14.5 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹9.9 L/yr - ₹19.3 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹4.4 L/yr - ₹13.5 L/yr

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Similar Designation salaries in SBI Life Insurance Company

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₹6.75 L/yr - ₹14.5 L/yr

Production Manager Salary

(3 salaries)

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₹7.8 L/yr - ₹26 L/yr

Program Manager Salary

(3 salaries)

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₹12.1 L/yr - ₹20 L/yr

Deputy Manager Salary

(38 salaries)

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₹2.5 L/yr - ₹10 L/yr

Senior Product Manager Salary

(AmbitionBox Estimate)

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₹10.8 L/yr - ₹13.8 L/yr

Senior Project Manager Salary

(AmbitionBox Estimate)

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₹8.5 L/yr - ₹10.8 L/yr

Business Analyst Salary

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₹5.2 L/yr - ₹8 L/yr

Senior Consultant Salary

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₹13 L/yr - ₹33 L/yr

Senior Business Analyst Salary

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₹1 L/yr - ₹10 L/yr

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₹17 L/yr - ₹22.48 L/yr

Salary related reviews for SBI Life Insurance Company

3.0

Rated by 1 employees for salary & benefits

Product Manager in Mumbai

Engineering - Software & QA Department

5.0

• posted on 03 Sep 2020

3.0

for Salary and Benefits

Likes

During this Covid-19, SBI Life is very supportive & understands the situation well. SBI Life is allowing and encouraging it's employees to work from home, for the same company's IT team is providing all support and resources to make work from home convenient for all.

Skill development - Excellent

+3 more

Dislikes

Career growth and opportunities are low. Compensation n Benefits are average.

Promotions - Poor

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

Sales Support Associate in Kishanganj

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.

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.

Salary - Bad

+4 more

Development Manager in Jhargram

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 😭

Job security - Good

+1 more

Dislikes

Every thing Accept salary on time

Salary - Bad

+4 more

Development Manager in Kolhapur

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.

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.

Salary - Poor

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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SBI Life Insurance Company Product Manager Salary FAQs

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

Product Manager salary at SBI Life Insurance Company in India ranges between ₹7.8 Lakhs to ₹14.5 Lakhs for experience between 2 years to 7 years. According to our estimates it is 51% less than the average Product Manager Salary in India. Salary estimates are based on 18 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Product Manager at SBI Life Insurance Company is 51% less than the average salary of a Product Manager in India. To know exact salary insights, login to view.

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

Principal Global Services Product Manager Salary - ₹26.5 Lakhs to ₹44.0 Lakhs per year
MetLife Product Manager Salary - ₹20.0 Lakhs to ₹28.5 Lakhs per year
PNB MetLife Product Manager Salary - ₹14.5 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindara Life Insurance Product Manager Salary - ₹7.9 Lakhs to ₹31.0 Lakhs per year
Tata AIA Life Insurance Product Manager Salary - ₹11.0 Lakhs to ₹32.0 Lakhs per year

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

Bajaj Allianz Life Insurance Product Manager Salary - ₹8.0 Lakhs to ₹30.0 Lakhs per year
Star Health & Allied Insurance Product Manager Salary - ₹13.0 Lakhs to ₹30.5 Lakhs per year
Max Life Insurance Product Manager Salary - ₹7.2 Lakhs to ₹30.0 Lakhs per year
ICICI Prudential Life Insurance Product Manager Salary - ₹6.7 Lakhs to ₹19.0 Lakhs per year
Aditya Birla Health Insurance Co Product Manager Salary - ₹9.0 Lakhs to ₹25.5 Lakhs per year

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

The estimated take-home salary of a Product Manager at SBI Life Insurance Company ranges between ₹75,636 per month to ₹77,595 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Product Manager salary in India which ranges between ₹7.8 Lakhs to ₹14.5 Lakhs per year for employees with experience between 2 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Product Manager at SBI Life Insurance Company?

According to AmbitionBox, 50% of the SBI Life Insurance Company Product Managers reported a notice period of 15 days or less, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Product Manager Salaries

SBI Life Insurance Company Product Manager salary in India ranges between ₹7.8 Lakhs to ₹14.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.