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SBI Life Insurance Company Product Manager salaries in Mumbai

Annual salary range
2 - 6 years exp.
₹7.8 Lakhs - ₹13.6 Lakhs
Salary of majority employees
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49% less than the average Product Manager Salary in Insurance Companies for 2 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Product Manager Salary
2 - 4 years exp. (3 salaries)
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₹7.8 L/yr - ₹10 L/yr

Data Science & Analytics
Product Manager Salary
3 - 6 years exp. (3 salaries)
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₹9.1 L/yr - ₹10.4 L/yr

Marketing & Communication
Product Manager Salary
3 - 5 years exp. (3 salaries)
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₹9.7 L/yr - ₹13.5 L/yr

Product Management
Product Manager Salary
3 - 5 years exp. (AmbitionBox Estimate)
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₹8 L/yr - ₹13.6 L/yr

Last Updated: 11 Jul 2023

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

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SBI Life Insurance Company Product Manager Salary

2 - 6 years exp. (15 salaries)

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₹7.8 L/yr - ₹13.6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹6.7 L/yr - ₹19 L/yr

arrow icon 52% more
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HDFC Life Product Manager Salary

2 - 9 years exp. (59 salaries)

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₹7.5 L/yr - ₹20 L/yr

arrow icon 26% more
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₹10 L/yr - ₹24 L/yr

arrow icon 69% more
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₹7.7 L/yr - ₹29 L/yr

arrow icon 81% more
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₹6 L/yr - ₹15 L/yr

arrow icon 12% more
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₹11 L/yr - ₹32 L/yr

arrow icon 80% more
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₹10 L/yr - ₹16 L/yr

arrow icon 37% more
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₹6 L/yr - ₹22.9 L/yr

arrow icon 39% more
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₹13 L/yr - ₹19 L/yr

arrow icon 49% more
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₹9 L/yr - ₹25.5 L/yr

arrow icon 56% more
Product Manager salary at SBI Life Insurance Company ranges between ₹7.8 Lakhs to ₹13.6 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 15 latest salaries received from various employees of SBI Life Insurance Company.

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

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Experience wise SBI Life Insurance Company Product Manager salaries in Mumbai

Last Updated: 11 Jul 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹7.8 L/yr - ₹18.2 L/yr
3 years  (7 salaries)

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₹9 L/yr - ₹13.6 L/yr
4 years  (3 salaries)

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₹9 L/yr - ₹18.7 L/yr
5 years  (3 salaries)

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₹8 L/yr - ₹13.5 L/yr
6 years (AmbitionBox Estimate)

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₹9.9 L/yr - ₹19.2 L/yr

Similar Designation salaries in SBI Life Insurance Company

Deputy Manager Salary
(7 salaries)
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₹4.5 L/yr - ₹10 L/yr
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₹6.75 L/yr - ₹14 L/yr
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₹12.2 L/yr - ₹20 L/yr
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Salary related reviews for SBI Life Insurance Company

3.0

Rated by 1 employees for salary & benefits

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.

read more
  • Skill development - Excellent
  • +3 more

Dislikes

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

read more
  • Promotions - Poor

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

 · 

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.

read more

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.

read more
  • Salary - Bad
  • +4 more

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 😭

read more
  • Job security - Good
  • +1 more

Dislikes

Every thing Accept salary on time

  • Salary - Bad
  • +4 more

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.

read more
  • 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.

read more
  • Salary - Poor
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SBI Life Insurance Company Product Manager Salary FAQs

What is the salary of Product Manager at SBI Life Insurance Company Mumbai?
Product Manager salary at SBI Life Insurance Company in Mumbai ranges between ₹7.8 Lakhs to ₹13.6 Lakhs for experience between 2 years to 6 years. According to our estimates it is 49% less than the average Product Manager Salary in India. Salary estimates are based on 15 latest salaries received from various employees of SBI Life Insurance Company Mumbai.
How does the salary of a Product Manager at SBI Life Insurance Company Mumbai compare with the average salary range for this job?
The average salary of a Product Manager at SBI Life Insurance Company is 49% less than the average salary of a Product Manager in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than SBI Life Insurance Company to a Product Manager in Mumbai?
  • Kotak Mahindara Life Insurance Product Manager Salary - ₹7.7 Lakhs to ₹29.0 Lakhs per year
  • Tata AIA Life Insurance Product Manager Salary - ₹11.0 Lakhs to ₹32.0 Lakhs per year
  • Bajaj Allianz Life Insurance Product Manager Salary - ₹10.0 Lakhs to ₹24.0 Lakhs per year
  • Aditya Birla Health Insurance Co Product Manager Salary - ₹9.0 Lakhs to ₹25.5 Lakhs per year
  • ICICI Prudential Life Insurance Product Manager Salary - ₹6.7 Lakhs to ₹19.0 Lakhs per year
What is the salary of a Product Manager in companies similar to SBI Life Insurance Company in Mumbai?
  • HDFC Ergo General Insurance Product Manager Salary - ₹13.0 Lakhs to ₹19.0 Lakhs per year
  • ICICI Lombard General Insurance Company Product Manager Salary - ₹6.0 Lakhs to ₹22.9 Lakhs per year
  • Aditya Birla Sun Life Insurance Product Manager Salary - ₹10.0 Lakhs to ₹16.0 Lakhs per year
  • HDFC Life Product Manager Salary - ₹7.5 Lakhs to ₹20.0 Lakhs per year
  • Reliance Nippon Life Insurance Product Manager Salary - ₹6.0 Lakhs to ₹15.0 Lakhs per year
What is the estimated take home salary of a Product Manager at SBI Life Insurance Company in Mumbai?
The estimated take-home salary of a Product Manager at SBI Life Insurance Company ranges between ₹75,099 per month to ₹77,043 per month in Mumbai. 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 ₹13.6 Lakhs per year for employees with experience between 2 years to 6 years. Check how did we calculate take home salary?
What is the notice period for Product Manager at SBI Life Insurance Company in Mumbai?
According to AmbitionBox, 100% of the SBI Life Insurance Company Product Managers in Mumbai 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 salary in Mumbai ranges between ₹7.8 Lakhs to ₹13.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 15 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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