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SBI Life Insurance Company Relationship Manager salaries in India (Updated 2025)

Annual salary range
0 - 10 years exp.
₹2.5 Lakhs - ₹6 Lakhs
Salary of majority employees
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19% less than the average Relationship Manager Salary in Insurance Companies for 0 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Relationship Manager Salary
2 - 10 years exp. (20 salaries)
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₹2.5 L/yr - ₹5.1 L/yr

Sales & Business Development
Relationship Manager Salary
0 - 10 years exp. (12 salaries)
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₹2.5 L/yr - ₹6 L/yr

Marketing & Communication
Relationship Manager Salary
5 - 10 years exp. (5 salaries)
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₹3.8 L/yr - ₹5.8 L/yr

Customer Success, Service & Operations
Relationship Manager Salary
0 - 6 years exp. (4 salaries)
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₹2.5 L/yr - ₹4.2 L/yr

Finance & Accounting
Relationship Manager Salary
1 - 6 years exp. (3 salaries)
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₹3.6 L/yr - ₹4 L/yr

View all

Last Updated: 19 Mar 2025

Companies similar to SBI Life Insurance Company for Relationship Manager

Company name Avg Annual Salary Open Jobs
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PNB MetLife Relationship Manager Salary

0 - 12 years exp. (1.2k salaries)

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₹2.1 L/yr - ₹4.7 L/yr

arrow icon 10% less
150 job openings
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₹1.8 L/yr - ₹5.6 L/yr

arrow icon 1% less
71 job openings
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₹1.6 L/yr - ₹5 L/yr

arrow icon 18% less
24 job openings
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HDFC Life Relationship Manager Salary

0 - 8 years exp. (560 salaries)

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₹1.7 L/yr - ₹5 L/yr

arrow icon 14% less
2 job openings
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₹1.1 L/yr - ₹7 L/yr

arrow icon 14% more
5 job openings
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₹1.9 L/yr - ₹7 L/yr

arrow icon 10% more
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₹2.3 L/yr - ₹8.6 L/yr

arrow icon 14% more
2 job openings
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₹1.5 L/yr - ₹4.5 L/yr

arrow icon 20% less
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₹1.7 L/yr - ₹5.5 L/yr

arrow icon 8% less
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₹1.7 L/yr - ₹6.3 L/yr

arrow icon 2% less
35 job openings
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₹1.7 L/yr - ₹5 L/yr

arrow icon 12% less
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₹2 L/yr - ₹7 L/yr

arrow icon 13% less
16 job openings
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₹1.8 L/yr - ₹6.6 L/yr

arrow icon 15% less
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₹2.1 L/yr - ₹8.5 L/yr

arrow icon 15% more
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₹1.8 L/yr - ₹6.3 L/yr

At par
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₹2 L/yr - ₹6 L/yr

arrow icon 7% less
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MetLife Relationship Manager Salary

2 - 7 years exp. (8 salaries)

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₹3.3 L/yr - ₹3.9 L/yr

arrow icon 14% less
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₹2.2 L/yr - ₹5 L/yr

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Marsh Relationship Manager Salary

3 - 6 years exp. (5 salaries)

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₹13.1 L/yr - ₹17 L/yr

arrow icon 238% more
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₹30 L/yr - ₹36 L/yr

arrow icon 734% more
Relationship Manager salary at SBI Life Insurance Company ranges between ₹2.5 Lakhs to ₹6 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 61 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Relationship Manager

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9 years exp.
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Experience wise SBI Life Insurance Company Relationship Manager salaries

Last Updated: 19 Mar 2025

Experience Avg Annual Salary
Fresher  (5 salaries)

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₹2.5 L/yr - ₹4.5 L/yr
1 year (AmbitionBox Estimate)

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₹2.5 L/yr - ₹4 L/yr
2 years  (6 salaries)

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₹2.5 L/yr - ₹4.5 L/yr
3 years  (4 salaries)

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₹3 L/yr - ₹5 L/yr
4 years  (10 salaries)

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₹3 L/yr - ₹5 L/yr
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Similar Designation salaries in SBI Life Insurance Company

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₹2.4 L/yr - ₹3.8 L/yr
Branch Manager Salary
(171 salaries)
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₹6.5 L/yr - ₹16 L/yr
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₹3.2 L/yr - ₹4.25 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹7.7 L/yr - ₹9.8 L/yr
Deputy Manager Salary
(38 salaries)
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₹2.5 L/yr - ₹10 L/yr
Territory Manager Salary
(100 salaries)
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₹4 L/yr - ₹7 L/yr
Sales Manager Salary
(87 salaries)
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₹1.2 L/yr - ₹5.5 L/yr
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₹3.75 L/yr - ₹13.5 L/yr
Area Manager Salary
(221 salaries)
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₹4.6 L/yr - ₹14.26 L/yr
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₹5 L/yr - ₹14.25 L/yr

Salary related reviews for SBI Life Insurance Company

3.8

Rated by 12 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

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 05 Aug 2023

5.0
 for  Salary and Benefits

Likes

I am so Proud to say Working this organisation last 4years. i got a two promotions last two years.

  • Salary - Excellent
  • +6 more

Dislikes

I expecting Long time Vintage Employes Expect Minimum Salary hike. because Now a days out side companies giving a more salary hikes Vintage persons so Our Company giving a minimum hikes of Vintage Employes it will so benefit and no one live Our Company.

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Full Time

 · 

Marketing & Communication Department

4.0
  •  posted on 13 Sep 2023

5.0
 for  Salary and Benefits

Likes

very good company with good oppurtunities and good pay

  • Salary - Excellent
  • +4 more

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

read more
  • Job security - Poor

Full Time

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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
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SBI Life Insurance Company Relationship Manager Salary FAQs

What is the salary of Relationship Manager at SBI Life Insurance Company ?
The average salary of a Relationship Manager at SBI Life Insurance Company in India typically ranges from ₹2.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Relationship Manager at SBI Life Insurance Company earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Relationship 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 60+ SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Relationship Manager at SBI Life Insurance Company in India?
The estimated take-home salary of a Relationship Manager at SBI Life Insurance Company in India typically ranges from ₹30,129 to ₹31,441 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from Fresher to 10 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 60+ 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 Relationship Manager in India?
The Oriental Insurance Co. ₹30.0 Lakhs to ₹36.0 Lakhs per year
Marsh ₹13.1 Lakhs to ₹17.0 Lakhs per year
Aditya Birla Health Insurance Co ₹2.1 Lakhs to ₹8.5 Lakhs per year
Axis Max Life Insurance ₹1.1 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company ₹2.3 Lakhs to ₹8.6 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 Relationship Manager in companies similar to SBI Life Insurance Company in India?
The salary of a Relationship Manager 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:

ICICI Prudential Life Insurance ₹1.9 Lakhs to ₹7.0 Lakhs per year
Shriram Life Insurance ₹1.8 Lakhs to ₹6.3 Lakhs per year
Tata AIA Life Insurance ₹1.8 Lakhs to ₹5.6 Lakhs per year
Bajaj Allianz General Insurance ₹1.7 Lakhs to ₹6.3 Lakhs per year
Life Insurance Corporation of India ₹2.2 Lakhs to ₹5.0 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 Relationship Manager at SBI Life Insurance Company in India?
The salary growth for a Relationship Manager at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a Relationship Manager can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
Fresher ₹2.5 Lakhs to ₹4.5 Lakhs per year
1 year ₹2.5 Lakhs to ₹4.0 Lakhs per year
2 years ₹2.5 Lakhs to ₹4.5 Lakhs per year
3 years ₹3.0 Lakhs to ₹5.0 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Relationship Manager salary in India ranges between ₹2.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 61 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.