SBI Life Insurance Company Mumbai Sales Executive Salaries by 6 Employees (Updated 2025)

1 - 6 years exp.

₹2 Lakhs - ₹3 Lakhs

Salary of majority employees

16% less than the average Sales Executive Salary in Insurance Companies for 1 - 6 years of experience

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Salaries in different departments

Sales & Business Development Sales Executive Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.8 L/yr
BFSI, Investments & Trading Sales Executive Salary 6 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹3 L/yr
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Customer Success, Service & Operations Sales Executive Salary 5 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.2 L/yr
Finance & Accounting Sales Executive Salary 3 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹2.9 L/yr

Last Updated: 20 Jan 2025

Companies similar to SBI Life Insurance Company for Sales Executive in Mumbai

SBI Life Insurance Company Sales Executive Salary

1 - 6 years exp. (6 salaries)

₹2 L/yr - ₹3 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Sales Executive Salary 0 - 4 years exp. (15 salaries)	₹1.8 L/yr - ₹3.8 L/yr 21% more	3 job openings
HDFC Life Sales Executive Salary 0 - 7 years exp. (25 salaries)	₹1.1 L/yr - ₹5 L/yr 30% more	2 job openings
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Axis Max Life Insurance Sales Executive Salary 1 - 5 years exp. (6 salaries)	₹2 L/yr - ₹4.6 L/yr 32% more	1 job opening
Bajaj Allianz Life Insurance Sales Executive Salary 1 - 6 years exp. (3 salaries)	₹2.1 L/yr - ₹3.1 L/yr 7% more
Tata AIA Life Insurance Sales Executive Salary 0 - 5 years exp. (7 salaries)	₹0.7 L/yr - ₹4.5 L/yr 5% more
Reliance Nippon Life Insurance Sales Executive Salary 1 - 3 years exp. (11 salaries)	₹1 L/yr - ₹3 L/yr 23% less
Kotak Mahindara Life Insurance Sales Executive Salary 1 - 7 years exp. (7 salaries)	₹1.5 L/yr - ₹3.5 L/yr 6% more
ICICI Lombard General Insurance Company Sales Executive Salary 0 - 5 years exp. (63 salaries)	₹1.2 L/yr - ₹4.5 L/yr 11% less
HDFC Ergo General Insurance Sales Executive Salary 0 - 6 years exp. (54 salaries)	₹1.5 L/yr - ₹4.4 L/yr 9% more
Bajaj Allianz General Insurance Sales Executive Salary 0 - 7 years exp. (14 salaries)	₹1.5 L/yr - ₹4.3 L/yr 15% more
Aditya Birla Health Insurance Co Sales Executive Salary 0 - 6 years exp. (14 salaries)	₹2 L/yr - ₹4 L/yr 2% more
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Aditya Birla Sun Life Insurance Sales Executive Salary 0 - 5 years exp. (11 salaries)	₹1.8 L/yr - ₹4 L/yr 23% more
Star Health & Allied Insurance Sales Executive Salary 1 - 10 years exp. (6 salaries)	₹2.8 L/yr - ₹4 L/yr 6% more
SBI General Insurance Sales Executive Salary 3 - 5 years exp. (4 salaries)	₹2 L/yr - ₹3.5 L/yr 7% more
Shriram Life Insurance Sales Executive Salary 0 - 3 years exp. (3 salaries)	₹2 L/yr - ₹3 L/yr 16% less

Sales Executive salary at SBI Life Insurance Company ranges between ₹2 Lakhs to ₹3 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Sales Executive salaries in Mumbai

Last Updated: 20 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹2.8 L/yr
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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3 years (AmbitionBox Estimate)	₹2 L/yr - ₹4.7 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹5 L/yr
6 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr

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Similar Designation salaries in SBI Life Insurance Company

Team Lead Salary

(6 salaries)

₹3.6 L/yr - ₹4.8 L/yr

Sales Manager Salary

(3 salaries)

₹3.45 L/yr - ₹5.6 L/yr

Salary related reviews for SBI Life Insurance Company

Area Sales Manager in Vijayawada

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.

Business Development Executive in Gangtok

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

Job security - Poor

Business Development Manager in Rajkot

Full Time

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

Salary - Poor

+6 more

Business Development Manager in Jaipur

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.

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.

Business Development Manager in Work Form Bank And Field

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 25 Sep 2023

1.0

for Salary and Benefits

Likes

Only Job Security,

Job security - Good

Dislikes

...hear from long time. Only due to not get any increment I have left the job..... You will hire new persons on higher package but you won't retain ur old employes on giving them some litter bit hike or increment. My humble request to you that plz take care of your old employes who are working on lower package or CTC, from long time...plz don't force them to leave the job due to lower Package... And plz start Rehiring. Lots of old employes are ready to work with sbilife Again.🙏

Salary - Bad

+3 more

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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SBI Life Insurance Company Sales Executive Salary FAQs

What is the salary of Sales Executive at SBI Life Insurance Company Mumbai?

Sales Executive salary at SBI Life Insurance Company in Mumbai ranges between ₹2.0 Lakhs to ₹3.0 Lakhs for experience between 1 years to 6 years. According to our estimates it is 16% less than the average Sales Executive Salary in India. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

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

The average salary of a Sales Executive at SBI Life Insurance Company is 16% less than the average salary of a Sales Executive in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Sales Executive in Mumbai?

Axis Max Life Insurance Sales Executive Salary - ₹2.0 Lakhs to ₹4.6 Lakhs per year
HDFC Life Sales Executive Salary - ₹1.1 Lakhs to ₹5.0 Lakhs per year
Aditya Birla Sun Life Insurance Sales Executive Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year
ICICI Prudential Life Insurance Sales Executive Salary - ₹1.8 Lakhs to ₹3.8 Lakhs per year
Bajaj Allianz General Insurance Sales Executive Salary - ₹1.5 Lakhs to ₹4.3 Lakhs per year

What is the salary of a Sales Executive in companies similar to SBI Life Insurance Company in Mumbai?

HDFC Ergo General Insurance Sales Executive Salary - ₹1.5 Lakhs to ₹4.4 Lakhs per year
Bajaj Allianz Life Insurance Sales Executive Salary - ₹2.1 Lakhs to ₹3.1 Lakhs per year
SBI General Insurance Sales Executive Salary - ₹2.0 Lakhs to ₹3.5 Lakhs per year
Kotak Mahindara Life Insurance Sales Executive Salary - ₹1.5 Lakhs to ₹3.5 Lakhs per year
Star Health & Allied Insurance Sales Executive Salary - ₹2.8 Lakhs to ₹4.0 Lakhs per year

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

The estimated take-home salary of a Sales Executive at SBI Life Insurance Company ranges between ₹19,074 per month to ₹20,751 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Sales Executive salary in India which ranges between ₹2.0 Lakhs to ₹3.0 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Sales Executive at SBI Life Insurance Company in Mumbai?

According to AmbitionBox, 71% of the SBI Life Insurance Company Sales Executives in Mumbai reported a notice period of 15 days or less, 15% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Sales Executive Salaries in Mumbai

SBI Life Insurance Company Sales Executive salary in Mumbai ranges between ₹2 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.