SBI Life Insurance Company Senior Area Manager Salaries by 100+ Employees (Updated 2025)

11 - 21 years exp.

₹9 Lakhs - ₹21 Lakhs

Salary of majority employees

7% more than the average Senior Area Manager Salary in Insurance Companies for 11 - 21 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Area Manager Salary 11 - 20 years exp. (55 salaries)	₹9 L/yr - ₹18 L/yr
Sales & Business Development Senior Area Manager Salary 12 - 21 years exp. (35 salaries)	₹10 L/yr - ₹20.5 L/yr
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Marketing & Communication Senior Area Manager Salary 12 - 20 years exp. (14 salaries)	₹9.2 L/yr - ₹17 L/yr
Finance & Accounting Senior Area Manager Salary 13 - 15 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹14.9 L/yr

Last Updated: 2 Jan 2025

Companies similar to SBI Life Insurance Company for Senior Area Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Senior Area Manager Salary 9 - 12 years exp. (4 salaries)	₹3.5 L/yr - ₹8.5 L/yr 54% less
ICICI Prudential Life Insurance Senior Area Manager Salary 4 - 18 years exp. (6 salaries)	₹6.5 L/yr - ₹15 L/yr 27% less
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Max Life Insurance Senior Area Manager Salary 12 - 18 years exp. (51 salaries)	₹8 L/yr - ₹20 L/yr 1% more	1 job opening
Bajaj Allianz Life Insurance Senior Area Manager Salary 6 - 17 years exp. (169 salaries)	₹6.3 L/yr - ₹14 L/yr 27% less
Tata AIA Life Insurance Senior Area Manager Salary 9 - 18 years exp. (17 salaries)	₹10 L/yr - ₹21 L/yr 3% more
Reliance Nippon Life Insurance Senior Area Manager Salary 0 - 13 years exp. (7 salaries)	₹3 L/yr - ₹8.2 L/yr 66% less
Aviva Life Insurance India Senior Area Manager Salary 11 - 17 years exp. (5 salaries)	₹12 L/yr - ₹15.1 L/yr 5% less
Bharti AXA Life Insurance Senior Area Manager Salary 10 - 19 years exp. (26 salaries)	₹9.3 L/yr - ₹17 L/yr 5% less
PNB MetLife Senior Area Manager Salary 13 - 17 years exp. (5 salaries)	₹7.5 L/yr - ₹9 L/yr 37% less
Star Health & Allied Insurance Senior Area Manager Salary 15 - 22 years exp. (8 salaries)	₹17.5 L/yr - ₹24 L/yr 53% more
Shriram Life Insurance Senior Area Manager Salary 0 - 4 years exp. (4 salaries)	₹5.3 L/yr - ₹17.9 L/yr 28% less
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Aditya Birla Sun Life Insurance Senior Area Manager Salary 10 - 15 years exp. (4 salaries)	₹7.1 L/yr - ₹8 L/yr 45% less
HDFC Ergo General Insurance Senior Area Manager Salary 7 - 12 years exp. (3 salaries)	₹7.1 L/yr - ₹9.7 L/yr 40% less

Senior Area Manager salary at SBI Life Insurance Company ranges between ₹9 Lakhs to ₹21 Lakhs per year for employees with experience between 11 years to 21 years. Salary estimates are based on 134 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Senior Area Manager salaries

Last Updated: 2 Jan 2025

Experience	Avg Annual Salary
11 years (4 salaries)	₹12 L/yr - ₹17 L/yr
12 years (13 salaries)	₹9.2 L/yr - ₹18.4 L/yr
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13 years (16 salaries)	₹9 L/yr - ₹16 L/yr
14 years (17 salaries)	₹9.1 L/yr - ₹16.5 L/yr
15+ years (84 salaries)	₹9.1 L/yr - ₹21 L/yr

Similar Designation salaries in SBI Life Insurance Company

Senior Sales Manager Salary

(4 salaries)

₹3.4 L/yr - ₹4.5 L/yr

Senior Area Sales Manager Salary

(4 salaries)

₹14.5 L/yr - ₹20.3 L/yr

Area Manager Salary

(265 salaries)

₹5 L/yr - ₹14.21 L/yr

Regional Manager Salary

(6 salaries)

₹30 L/yr - ₹39.09 L/yr

Territory Sales Manager Salary

(11 salaries)

₹4.87 L/yr - ₹6 L/yr

Senior Sales Officer Salary

(4 salaries)

₹3.5 L/yr - ₹3.63 L/yr

Territory Manager Salary

(101 salaries)

₹4 L/yr - ₹7 L/yr

Sales Manager Salary

(82 salaries)

₹1.2 L/yr - ₹5.6 L/yr

Branch Manager Salary

(160 salaries)

₹6.5 L/yr - ₹15.7 L/yr

Area Sales Manager Salary

(32 salaries)

₹3.75 L/yr - ₹15.15 L/yr

Salary related reviews for SBI Life Insurance Company

4.1

Rated by 24 employees for salary & benefits

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.

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

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

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

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.

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,

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.🙏

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a social media specialist

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 Senior Area Manager Salary FAQs

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

Senior Area Manager salary at SBI Life Insurance Company in India ranges between ₹9.0 Lakhs to ₹21.0 Lakhs for experience between 11 years to 21 years. According to our estimates it is 7% more than the average Senior Area Manager Salary in India. Salary estimates are based on 134 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Senior Area Manager at SBI Life Insurance Company is 7% more than the average salary of a Senior Area Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Senior Area Manager in India?

Star Health & Allied Insurance Senior Area Manager Salary - ₹17.5 Lakhs to ₹24.0 Lakhs per year
Tata AIA Life Insurance Senior Area Manager Salary - ₹10.0 Lakhs to ₹21.0 Lakhs per year
Max Life Insurance Senior Area Manager Salary - ₹8.0 Lakhs to ₹20.0 Lakhs per year

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

Aviva Life Insurance India Senior Area Manager Salary - ₹12.0 Lakhs to ₹15.1 Lakhs per year
Bharti AXA Life Insurance Senior Area Manager Salary - ₹9.3 Lakhs to ₹17.0 Lakhs per year
ICICI Prudential Life Insurance Senior Area Manager Salary - ₹6.5 Lakhs to ₹15.0 Lakhs per year
Bajaj Allianz Life Insurance Senior Area Manager Salary - ₹6.3 Lakhs to ₹14.0 Lakhs per year
Shriram Life Insurance Senior Area Manager Salary - ₹5.3 Lakhs to ₹17.9 Lakhs per year

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

The estimated take-home salary of a Senior Area Manager at SBI Life Insurance Company ranges between ₹97,212 per month to ₹99,843 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Senior Area Manager salary in India which ranges between ₹9.0 Lakhs to ₹21.0 Lakhs per year for employees with experience between 11 years to 21 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 61% of the SBI Life Insurance Company Senior Area Managers reported a notice period of 3 Months, 19% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 126 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Senior Area Manager Salaries by Location

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SBI Life Insurance Company Senior Area Manager Salaries

SBI Life Insurance Company Senior Area Manager salary in India ranges between ₹9 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 134 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Senior Area Manager salaries in India

Companies similar to SBI Life Insurance Company for Senior Area Manager

Latest annual salaries shared by SBI Life Insurance Company Senior Area Manager

Experience wise SBI Life Insurance Company Senior Area Manager salaries

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Area Sales Manager in Vijayawada

Business Development Executive in Gangtok

Business Development Manager in Rajkot

Business Development Manager in Jaipur

Business Development Manager in Work Form Bank And Field

SBI Life Insurance Company Senior Area Manager Salary FAQs

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SBI Life Insurance Company Senior Area Manager Salaries by Location