SBI Life Insurance Company Mumbai Sales Manager Salaries by 3 Employees

2 - 10 years exp.

₹3.2 Lakhs - ₹5.6 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

45% less than the average Sales Manager Salary in Insurance Companies for 2 - 10 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Sales Manager Salary 2 - 10 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹5.6 L/yr
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Sales & Business Development Sales Manager Salary 10 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹4.5 L/yr

Last Updated: 6 Sep 2024

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

SBI Life Insurance Company Sales Manager Salary

2 - 10 years exp. (3 salaries)

₹3.2 L/yr - ₹5.6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Sales Manager Salary 0 - 9 years exp. (116 salaries)	₹3 L/yr - ₹10 L/yr 84% more	26 job openings
ICICI Lombard General Insurance Company Sales Manager Salary 1 - 14 years exp. (93 salaries)	₹3.9 L/yr - ₹11.6 L/yr 78% more	1 job opening
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HDFC Life Sales Manager Salary 0 - 10 years exp. (91 salaries)	₹2.2 L/yr - ₹7.5 L/yr 31% more	4 job openings
Kotak Mahindara Life Insurance Sales Manager Salary 0 - 10 years exp. (75 salaries)	₹2.6 L/yr - ₹5.8 L/yr 18% more	5 job openings
Axis Max Life Insurance Sales Manager Salary 0 - 9 years exp. (70 salaries)	₹2.8 L/yr - ₹6 L/yr 18% more	2 job openings
Bajaj Allianz General Insurance Sales Manager Salary 0 - 11 years exp. (67 salaries)	₹2.4 L/yr - ₹6.6 L/yr 23% more	85 job openings
Aditya Birla Health Insurance Co Sales Manager Salary 0 - 7 years exp. (65 salaries)	₹2.7 L/yr - ₹5.1 L/yr 10% more
Aditya Birla Sun Life Insurance Sales Manager Salary 1 - 10 years exp. (42 salaries)	₹2.5 L/yr - ₹9.5 L/yr 82% more
HDFC Ergo General Insurance Sales Manager Salary 1 - 8 years exp. (26 salaries)	₹3 L/yr - ₹6.5 L/yr 16% more
Reliance Nippon Life Insurance Sales Manager Salary 0 - 10 years exp. (20 salaries)	₹1.5 L/yr - ₹5 L/yr 14% less
Tata AIA Life Insurance Sales Manager Salary 5 - 10 years exp. (20 salaries)	₹3.5 L/yr - ₹7.9 L/yr 58% more	4 job openings
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Bajaj Allianz Life Insurance Sales Manager Salary 0 - 8 years exp. (19 salaries)	₹2.4 L/yr - ₹7 L/yr 6% less	17 job openings
PNB MetLife Sales Manager Salary 1 - 9 years exp. (4 salaries)	₹3 L/yr - ₹4 L/yr 2% more	105 job openings

Sales Manager salary at SBI Life Insurance Company ranges between ₹3.2 Lakhs to ₹5.6 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 3 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Sales Manager salaries in Mumbai

Last Updated: 6 Sep 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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4 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
8 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
10 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Area Manager Salary

(15 salaries)

₹7.5 L/yr - ₹14.21 L/yr

Branch Manager Salary

(8 salaries)

₹8 L/yr - ₹12.32 L/yr

Deputy Manager Salary

(7 salaries)

₹4.5 L/yr - ₹10 L/yr

Marketing Manager Salary

(5 salaries)

₹10.55 L/yr - ₹20 L/yr

Top skills at SBI Life Insurance Company for Sales Manager

Life Insurance Banking Sales Salesforce Sales Strategy Insurance Sales

Salary related reviews for SBI Life Insurance Company

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

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

Senior Business Development Executive in Ongole

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Jun 2023

2.0

for Salary and Benefits

Likes

No positive to tell company not good salary not good supporting staff.

Dislikes

Treating very cheap to front line employees(Field workers).and also no support to superior s.. always blamed for front line employees.

Salary - Poor

+4 more

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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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SBI Life Insurance Company Sales Manager Salary FAQs

How the salary growth look like for a Sales Manager at SBI Life Insurance Company in Mumbai?

The salary growth for a Sales Manager at SBI Life Insurance Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Sales Manager in Mumbai can expect the following growth trajectory at SBI Life Insurance Company:

Experience	Average Salary Range
2 years	₹3.1 Lakhs to ₹3.9 Lakhs per year
3 years	₹3.2 Lakhs to ₹4.1 Lakhs per year
4 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
5 years	₹3.4 Lakhs to ₹4.3 Lakhs per year

and so on.

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SBI Life Insurance Company Sales Manager Salaries in Mumbai

SBI Life Insurance Company Sales Manager salary in Mumbai ranges between ₹3.2 Lakhs to ₹5.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.