SBI Life Insurance Company Mumbai Risk Manager Salaries by 5 Employees (Updated 2025)

5 - 8 years exp.

₹9.4 Lakhs - ₹21 Lakhs

Salary of majority employees

At par with the average Risk Manager Salary in Insurance Companies for 5 - 8 years of experience

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Last Updated: 4 Jan 2024

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

SBI Life Insurance Company Risk Manager Salary

5 - 8 years exp. (5 salaries)

₹9.4 L/yr - ₹21 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Risk Manager Salary 15 - 17 years exp. (3 salaries)	₹12.8 L/yr - ₹15 L/yr At par
Aditya Birla Sun Life Insurance Risk Manager Salary 5 - 11 years exp. (4 salaries)	₹9 L/yr - ₹13.1 L/yr 16% less
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ICICI Lombard General Insurance Company Risk Manager Salary 2 - 6 years exp. (4 salaries)	₹7 L/yr - ₹15 L/yr 16% less
Aditya Birla Health Insurance Co Risk Manager Salary 1 - 3 years exp. (4 salaries)	₹10 L/yr - ₹12.7 L/yr 13% less
SBI General Insurance Risk Manager Salary 2 - 12 years exp. (3 salaries)	₹11 L/yr - ₹12 L/yr 14% less

Risk Manager salary at SBI Life Insurance Company ranges between ₹9.4 Lakhs to ₹21 Lakhs per year for employees with experience between 5 years to 8 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Risk Manager salaries in Mumbai

Last Updated: 4 Jan 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹24.1 L/yr
6 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹14.6 L/yr
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7 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹21 L/yr
8 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹21 L/yr

Similar Designation salaries in SBI Life Insurance Company

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Deputy Manager Salary

(8 salaries)

₹4.5 L/yr - ₹10 L/yr

Branch Manager Salary

(7 salaries)

₹8 L/yr - ₹11.2 L/yr

Team Lead Salary

(5 salaries)

₹3.6 L/yr - ₹4.8 L/yr

Senior Associate 2 Salary

(3 salaries)

₹4 L/yr - ₹4.3 L/yr

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.

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is very slow

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

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.

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.

Head Human Resources in New Delhi

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 02 Dec 2024

2.0

for Salary and Benefits

Likes

Hr policy is very good of sbi life but Regional HR is Doll of Regional Director and Regional. Sbi life is a good Company like Government job for Back office employees like sales support, Operations department, Account Department, L&D Department and all Non Sales Employees. For Sales person QVP is Good if you have Good Branches and CIF

Dislikes

...e those persons who are working in other companies and switching multiple times. A New Employee can get salary more then those employees who are working here from last 8 Year. Due to state bank sbi life is working other there is no respect of sbi life. Promotion norm is very hard, Increment norms is very bed. Over all this company is only for Lucky person like if you got a great cif or branches a temporary staff can do business. Over all this is very bed company for sales person due to QVP people stay here if Company announced there is no QVP 80% of Employees will left this company.

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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SBI Life Insurance Company Risk Manager Salary FAQs

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

Risk Manager salary at SBI Life Insurance Company in Mumbai ranges between ₹9.4 Lakhs to ₹21.0 Lakhs for experience between 5 years to 8 years. According to our estimates it is 1% less than the average Risk Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

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

The average salary of a Risk Manager at SBI Life Insurance Company is 1% less than the average salary of a Risk Manager in Mumbai. 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 Mumbai?

HDFC Life Risk Manager Salary - ₹12.8 Lakhs to ₹15.0 Lakhs per year
Aditya Birla Health Insurance Co Risk Manager Salary - ₹10.0 Lakhs to ₹12.7 Lakhs per year
SBI General Insurance Risk Manager Salary - ₹11.0 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Sun Life Insurance Risk Manager Salary - ₹9.0 Lakhs to ₹13.1 Lakhs per year
ICICI Lombard General Insurance Company Risk Manager Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year

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

The estimated take-home salary of a Risk Manager at SBI Life Insurance Company ranges between ₹95,004 per month to ₹97,564 per month in Mumbai. 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 5 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 in Mumbai?

According to AmbitionBox, 50% of the SBI Life Insurance Company Risk Managers in Mumbai reported a notice period of 2 Months, 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 Risk Manager Salaries in Mumbai

SBI Life Insurance Company Risk Manager salary in Mumbai ranges between ₹9.4 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.