Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary51% less than the average Sales Manager Salary in Insurance Companies for 0 - 10 years of experience
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Salaries in different departments
BFSI, Investments & Trading
Sales Manager Salary
1 - 10
years
exp.
(16
salaries)
|  ₹1.2 L/yr - ₹5.5 L/yr |
Sales & Business Development
Sales Manager Salary
0 - 10
years
exp.
(16
salaries)
| ₹2.1 L/yr - ₹4.5 L/yr |
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| |
Marketing & Communication
Sales Manager Salary
0 - 10
years
exp.
(14
salaries)
| ₹2.5 L/yr - ₹5.5 L/yr |
Customer Success, Service & Operations
Sales Manager Salary
2 - 6
years
exp.
(5
salaries)
| ₹1.5 L/yr - ₹5.3 L/yr |
Finance & Accounting
Sales Manager Salary
0 - 5
years
exp.
(AmbitionBox Estimate)
| ₹2 L/yr - ₹3.8 L/yr |
Companies similar to SBI Life Insurance Company for Sales Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 ICICI Prudential Life Insurance Sales Manager Salary
0 - 12 years exp. (965 salaries) | ₹2.5 L/yr - ₹10.6 L/yr 
98%
more | 21 job openings |
 HDFC Life Sales Manager Salary
0 - 11 years exp. (695 salaries) | ₹1.1 L/yr - ₹7.5 L/yr
38%
more | 5 job openings |
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| ||
 Axis Max Life Insurance Sales Manager Salary
0 - 10 years exp. (614 salaries) | ₹2.7 L/yr - ₹6.2 L/yr
32%
more | 5 job openings |
 ICICI Lombard General Insurance Company Sales Manager Salary
1 - 14 years exp. (576 salaries) | ₹2 L/yr - ₹11.4 L/yr
93%
more | |
 Kotak Mahindara Life Insurance Sales Manager Salary
0 - 10 years exp. (563 salaries) | ₹2 L/yr - ₹6.2 L/yr
28%
more | 11 job openings |
 Bajaj Allianz General Insurance Sales Manager Salary
0 - 13 years exp. (552 salaries) | ₹1.8 L/yr - ₹7 L/yr
33%
more | 72 job openings |
 Aditya Birla Health Insurance Co Sales Manager Salary
0 - 8 years exp. (413 salaries) | ₹2.6 L/yr - ₹5.1 L/yr
17%
more | |
 HDFC Ergo General Insurance Sales Manager Salary
0 - 10 years exp. (283 salaries) | ₹2.4 L/yr - ₹7.7 L/yr
26%
more | |
 Reliance Nippon Life Insurance Sales Manager Salary
0 - 10 years exp. (243 salaries) | ₹1.5 L/yr - ₹5 L/yr 
12%
less | |
 Star Health & Allied Insurance Sales Manager Salary
0 - 10 years exp. (233 salaries) | ₹0.6 L/yr - ₹6 L/yr
10%
less | |
 Aditya Birla Sun Life Insurance Sales Manager Salary
1 - 10 years exp. (239 salaries) | ₹2.2 L/yr - ₹10.5 L/yr
80%
more | |
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| ||
 Bajaj Allianz Life Insurance Sales Manager Salary
0 - 8 years exp. (209 salaries) | ₹1.9 L/yr - ₹7 L/yr
3%
more | 17 job openings |
 Tata AIA Life Insurance Sales Manager Salary
4 - 11 years exp. (189 salaries) | ₹2.4 L/yr - ₹8.9 L/yr
66%
more | 3 job openings |
 PNB MetLife Sales Manager Salary
1 - 9 years exp. (153 salaries) | ₹2 L/yr - ₹8 L/yr
8%
more | 104 job openings |
 Shriram Life Insurance Sales Manager Salary
0 - 7 years exp. (112 salaries) | ₹1.7 L/yr - ₹7 L/yr
10%
less | |
 MetLife Sales Manager Salary
1 - 7 years exp. (22 salaries) | ₹1.8 L/yr - ₹4 L/yr
6%
less | |
 SBI General Insurance Sales Manager Salary
1 - 11 years exp. (19 salaries) | ₹2 L/yr - ₹6.2 L/yr
23%
more | |
 Life Insurance Corporation of India Sales Manager Salary
4 - 12 years exp. (12 salaries) | ₹3.6 L/yr - ₹6.5 L/yr
26%
more | |
 United India Insurance Company Sales Manager Salary
10 - 14 years exp. (4 salaries) | ₹3.3 L/yr - ₹4.3 L/yr
6%
more | |
 AIG Sales Manager Salary
1 - 5 years exp. (4 salaries) | ₹5.6 L/yr - ₹6.3 L/yr
71%
more | |
Latest annual salaries shared by SBI Life Insurance Company Sales Manager
Experience wise SBI Life Insurance Company Sales Manager salaries
Last Updated: 15 Mar 2025
| Experience | Avg Annual Salary |
|---|---|
| Fresher (7 salaries) |
₹2
L/yr
- ₹4
L/yr
|
| 1 year (6 salaries) |
₹2.1
L/yr
- ₹3.5
L/yr
|
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| |
| 2 years (10 salaries) |
₹1.2
L/yr
- ₹4.5
L/yr
|
| 3 years (11 salaries) |
₹1.2
L/yr
- ₹4
L/yr
|
| 4 years (9 salaries) |
₹2.4
L/yr
- ₹4.5
L/yr
|
Similar Designation salaries in SBI Life Insurance Company
Top skills at SBI Life Insurance Company for Sales Manager
Salary related reviews for SBI Life Insurance Company
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Top trending discussions
SBI Life Insurance Company Sales Manager Salary FAQs
The top 10% of Sales Manager at SBI Life Insurance Company earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Sales 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 80+ SBI Life Insurance Company employees in India.
- - Life Insurance
- - Banking Sales
- - Salesforce
- - Sales Strategy
- - Insurance Sales
These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.
| ICICI Prudential Life Insurance | ₹2.5 Lakhs to ₹10.6 Lakhs per year |
| ICICI Lombard General Insurance Company | ₹2.0 Lakhs to ₹11.4 Lakhs per year |
| Aditya Birla Sun Life Insurance | ₹2.2 Lakhs to ₹10.5 Lakhs per year |
| AIG | ₹5.6 Lakhs to ₹6.3 Lakhs per year |
| Tata AIA Life Insurance | ₹2.4 Lakhs to ₹8.9 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.
| HDFC Life | ₹1.1 Lakhs to ₹7.5 Lakhs per year |
| Bajaj Allianz General Insurance | ₹1.8 Lakhs to ₹7.0 Lakhs per year |
| Axis Max Life Insurance | ₹2.7 Lakhs to ₹6.2 Lakhs per year |
| Kotak Mahindara Life Insurance | ₹2.0 Lakhs to ₹6.2 Lakhs per year |
| Life Insurance Corporation of India | ₹3.6 Lakhs to ₹6.5 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.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹2.0 Lakhs to ₹4.0 Lakhs per year |
| 1 year | ₹2.1 Lakhs to ₹3.5 Lakhs per year |
| 2 years | ₹1.2 Lakhs to ₹4.5 Lakhs per year |
| 3 years | ₹1.2 Lakhs to ₹4.0 Lakhs per year |
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SBI Life Insurance Company Sales Manager Salaries by Location
- SBI Life Insurance Company Sales Manager salaries in Kolkata
- SBI Life Insurance Company Sales Manager salaries in Lucknow
- SBI Life Insurance Company Sales Manager salaries in Hyderabad / Secunderabad
- SBI Life Insurance Company Sales Manager salaries in Indore
- SBI Life Insurance Company Sales Manager salaries in Patiala
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SBI Life Insurance Company Sales Manager salary
in
India
ranges between ₹1.2
Lakh to ₹5.5
Lakhs with an average annual salary of
₹. Salary estimates are based on
87
SBI Life Insurance Company latest salaries received from various employees of
SBI Life Insurance Company.