SBI Life Insurance Company Mumbai Product Manager Salaries by 10+ Employees

2 - 9 years exp.

₹7.8 Lakhs - ₹13.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

49% less than the average Product Manager Salary in Insurance Companies for 2 - 9 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Product Manager Salary 2 - 4 years exp. (3 salaries)	₹7.8 L/yr - ₹10.3 L/yr
Product Management Product Manager Salary 3 - 9 years exp. (3 salaries)	₹8 L/yr - ₹13.6 L/yr
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Data Science & Analytics Product Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹9.9 L/yr - ₹10.4 L/yr
Marketing & Communication Product Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹10.2 L/yr - ₹13.5 L/yr

Last Updated: 9 Dec 2023

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

SBI Life Insurance Company Product Manager Salary

2 - 9 years exp. (12 salaries)

₹7.8 L/yr - ₹13.6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Product Manager Salary 0 - 7 years exp. (184 salaries)	₹6 L/yr - ₹22 L/yr 26% more
HDFC Life Product Manager Salary 2 - 8 years exp. (59 salaries)	₹7.5 L/yr - ₹20 L/yr 27% more
Login to view exact salary
ICICI Prudential Life Insurance Product Manager Salary 0 - 7 years exp. (32 salaries)	₹6.3 L/yr - ₹19 L/yr 44% more
Kotak Mahindara Life Insurance Product Manager Salary 1 - 8 years exp. (22 salaries)	₹7.7 L/yr - ₹29 L/yr 82% more
HDFC Ergo General Insurance Product Manager Salary 0 - 3 years exp. (20 salaries)	₹13 L/yr - ₹19 L/yr 50% more
Tata AIA Life Insurance Product Manager Salary 5 - 10 years exp. (8 salaries)	₹11 L/yr - ₹32 L/yr 81% more
Aditya Birla Sun Life Insurance Product Manager Salary 1 - 7 years exp. (7 salaries)	₹10 L/yr - ₹16 L/yr 38% more
Aditya Birla Health Insurance Co Product Manager Salary 2 - 9 years exp. (6 salaries)	₹9 L/yr - ₹25.5 L/yr 57% more
Reliance Nippon Life Insurance Product Manager Salary 5 - 7 years exp. (5 salaries)	₹6 L/yr - ₹15 L/yr 13% more
Bajaj Allianz Life Insurance Product Manager Salary 4 - 13 years exp. (4 salaries)	₹10 L/yr - ₹24 L/yr 70% 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 9 years. Salary estimates are based on 12 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Product Manager salaries in Mumbai

Last Updated: 9 Dec 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.7 L/yr
3 years (4 salaries)	₹10 L/yr - ₹13.6 L/yr
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4 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.8 L/yr
5 years (3 salaries)	₹8 L/yr - ₹13.5 L/yr
6 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr
7 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr
8 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12.1 L/yr
9 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹12.1 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Deputy Manager Salary

(7 salaries)

₹4 L/yr - ₹8.5 L/yr

Project Manager Salary

(4 salaries)

₹6.75 L/yr - ₹14 L/yr

Program Manager Salary

(3 salaries)

₹12.2 L/yr - ₹20 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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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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SBI Life Insurance Company Product Manager Salary FAQs

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

The average salary of a Product Manager at SBI Life Insurance Company in Mumbai typically ranges from ₹7.8 Lakhs to ₹13.6 Lakhs per year, depending on experience (from 2 years to 9 years).

The top 10% of Product Manager in Mumbai at SBI Life Insurance Company earn more than ₹13.5 Lakhs per year, and the top 1% earn over ₹13.6 Lakhs per year. Product Manager 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 Product Manager at SBI Life Insurance Company in Mumbai?

The estimated take-home salary of a Product Manager at SBI Life Insurance Company in Mumbai typically ranges from ₹74,648 to ₹76,579 per month. This is based on the average salary range of ₹7.8 Lakhs to ₹13.6 Lakhs per year for employees with experience ranging from 2 years to 9 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 Product Manager in India?

Kotak Mahindara Life Insurance	₹7.7 Lakhs to ₹29.0 Lakhs per year
Tata AIA Life Insurance	₹11.0 Lakhs to ₹32.0 Lakhs per year
Bajaj Allianz Life Insurance	₹10.0 Lakhs to ₹24.0 Lakhs per year
Aditya Birla Health Insurance Co	₹9.0 Lakhs to ₹25.5 Lakhs per year
HDFC Ergo General Insurance	₹13.0 Lakhs to ₹19.0 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 Product Manager in companies similar to SBI Life Insurance Company in Mumbai?

The salary of a Product Manager at companies similar to SBI Life Insurance Company in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Prudential Life Insurance	₹6.3 Lakhs to ₹19.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹10.0 Lakhs to ₹16.0 Lakhs per year
HDFC Life	₹7.5 Lakhs to ₹20.0 Lakhs per year
ICICI Lombard General Insurance Company	₹6.0 Lakhs to ₹22.0 Lakhs per year
Reliance Nippon Life Insurance	₹6.0 Lakhs to ₹15.0 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 Product Manager at SBI Life Insurance Company in Mumbai?

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

Experience	Average Salary Range
2 years	₹9.2 Lakhs to ₹11.7 Lakhs per year
3 years	₹10.0 Lakhs to ₹13.6 Lakhs per year
4 years	₹9.3 Lakhs to ₹11.8 Lakhs per year
5 years	₹8.0 Lakhs to ₹13.5 Lakhs per year

and so on.

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SBI Life Insurance Company Product Manager Salaries in Mumbai

SBI Life Insurance Company Product Manager salary in Mumbai ranges between ₹7.8 Lakhs to ₹13.6 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.