SBI Life Insurance Company Risk Manager Salaries by 7 Employees (Updated 2025)

4 - 8 years exp.

₹9.4 Lakhs - ₹21 Lakhs

Low Confidence

Salary of majority employees

8% more than the average Risk Manager Salary in Insurance Companies for 4 - 8 years of experience

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Last Updated: 4 Jan 2024

Companies similar to SBI Life Insurance Company for Risk Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Risk Manager Salary 9 - 14 years exp. (6 salaries)	₹5.6 L/yr - ₹8.6 L/yr 44% less
HDFC Life Risk Manager Salary 15 - 17 years exp. (4 salaries)	₹11 L/yr - ₹15 L/yr 5% less
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Aditya Birla Sun Life Insurance Risk Manager Salary 5 - 11 years exp. (5 salaries)	₹9 L/yr - ₹15 L/yr 22% less
ICICI Lombard General Insurance Company Risk Manager Salary 0 - 9 years exp. (7 salaries)	₹7 L/yr - ₹15 L/yr 15% less
SBI General Insurance Risk Manager Salary 0 - 12 years exp. (4 salaries)	₹11 L/yr - ₹13 L/yr 10% less
Aditya Birla Health Insurance Co Risk Manager Salary 1 - 2 years exp. (4 salaries)	₹10 L/yr - ₹12.7 L/yr 12% less

Risk Manager salary at SBI Life Insurance Company ranges between ₹9.4 Lakhs to ₹21 Lakhs per year for employees with experience between 4 years to 8 years. Salary estimates are based on 7 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Risk Manager salaries

Last Updated: 4 Jan 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹11 L/yr - ₹23.3 L/yr
5 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹23.8 L/yr
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6 years (AmbitionBox Estimate)	₹12.5 L/yr - ₹14.6 L/yr
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹21 L/yr
8 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹21 L/yr

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Salary related reviews for SBI Life Insurance Company

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

Branch Manager in Kumta

BFSI, Investments & Trading Department

3.0

• posted on 18 Jun 2020

3.0

for Salary and Benefits

Likes

Salary hike 3 to 5 % per year.Providing petrol exp and telephone exp based on cader.

Dislikes

Lot of politics, no HR Control , career growth is slow, induction training will not conducted in proper time. No value and respect for out Commer. High volume pressure on target and mental irritation. No any value addition from reporting manager.

Job security - Bad

+4 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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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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SBI Life Insurance Company Risk Manager Salary FAQs

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

Risk Manager salary at SBI Life Insurance Company in India ranges between ₹9.4 Lakhs to ₹21.0 Lakhs for experience between 4 years to 8 years. According to our estimates it is 8% more than the average Risk Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Risk Manager at SBI Life Insurance Company is 8% more than the average salary of a Risk Manager in India. To know exact salary insights, login to view.

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

HDFC Life Risk Manager Salary - ₹11.0 Lakhs to ₹15.0 Lakhs per year
SBI General Insurance Risk Manager Salary - ₹11.0 Lakhs to ₹13.0 Lakhs per year
Aditya Birla Health Insurance Co Risk Manager Salary - ₹10.0 Lakhs to ₹12.7 Lakhs per year
ICICI Lombard General Insurance Company Risk Manager Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year
Aditya Birla Sun Life Insurance Risk Manager Salary - ₹9.0 Lakhs to ₹15.0 Lakhs per year

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

The estimated take-home salary of a Risk Manager at SBI Life Insurance Company ranges between ₹94,057 per month to ₹96,586 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Risk Manager salary in India which ranges between ₹9.4 Lakhs to ₹21.0 Lakhs per year for employees with experience between 4 years to 8 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 33% of the SBI Life Insurance Company Risk Managers reported a notice period of 1 Month, 34% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Risk Manager Salaries

SBI Life Insurance Company Risk Manager salary in India ranges between ₹9.4 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.