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SBI Life Insurance Company

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3.8

based on 3.9k Reviews

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SBI Life Insurance Company Senior Area Manager salaries in Bangalore / Bengaluru

Annual salary range
13 - 17 years exp.
₹11 Lakhs - ₹21 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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16% more than the average Senior Area Manager Salary in Insurance Companies for 13 - 17 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Senior Area Manager Salary
14 - 17 years exp. (AmbitionBox Estimate)
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₹14.1 L/yr - ₹21 L/yr

Finance & Accounting
Senior Area Manager Salary
13 years exp. (AmbitionBox Estimate)
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₹14.9 L/yr - ₹15.6 L/yr

Sales & Business Development
Senior Area Manager Salary
13 years exp. (AmbitionBox Estimate)
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₹13.8 L/yr - ₹15.4 L/yr

Last Updated: 13 Jul 2024

Companies similar to SBI Life Insurance Company for Senior Area Manager in Bangalore / Bengaluru

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SBI Life Insurance Company Senior Area Manager Salary

13 - 17 years exp. (5 salaries)
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₹11 L/yr - ₹21 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Bajaj Allianz Life Insurance Senior Area Manager Salary

8 - 16 years exp. (11 salaries)
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₹9.1 L/yr - ₹13.2 L/yr

arrow icon 30% less
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Bajaj Finserv Senior Area Manager Salary

5 - 12 years exp. (21 salaries)
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₹10.5 L/yr - ₹18.3 L/yr

At par
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Bajaj Finance Senior Area Manager Salary

6 - 12 years exp. (12 salaries)
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₹9 L/yr - ₹17.2 L/yr

arrow icon 1% more
 2 job openings
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Square Yards Senior Area Manager Salary

7 - 9 years exp. (6 salaries)
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₹11.1 L/yr - ₹14 L/yr

arrow icon 17% less
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LEAD School Senior Area Manager Salary

9 - 14 years exp. (6 salaries)
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₹9 L/yr - ₹13 L/yr

arrow icon 20% less
Senior Area Manager salary at SBI Life Insurance Company ranges between ₹11 Lakhs to ₹21 Lakhs per year for employees with experience between 13 years to 17 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Senior Area Manager in Bangalore / Bengaluru

8mo ago
₹21 Lakhs
14 years exp.
10mo ago
₹14.1 Lakhs
17 years exp.
1y ago
₹14.9 Lakhs
13 years exp.

Experience wise SBI Life Insurance Company Senior Area Manager salaries in Bangalore / Bengaluru

Last Updated: 13 Jul 2024

Experience Avg Annual Salary
13 years (AmbitionBox Estimate)

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₹13.1 L/yr - ₹16.7 L/yr
14 years (AmbitionBox Estimate)

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₹13.2 L/yr - ₹16.9 L/yr
15+ years (AmbitionBox Estimate)

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₹13.6 L/yr - ₹17.4 L/yr
SBI Life Insurance Company Senior Area Manager Salary and Career Growth

From

To

Senior Area Manager

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12 - 21 years exp.

Zonal Area Manager

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14 - 21 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in SBI Life Insurance Company

Area Manager Salary
(24 salaries)
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₹7.5 L/yr - ₹14.26 L/yr
Branch Manager Salary
(8 salaries)
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₹6.5 L/yr - ₹12 L/yr
Area Sales Manager Salary
(6 salaries)
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₹7 L/yr - ₹13.5 L/yr
Territory Manager Salary
(3 salaries)
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₹5.5 L/yr - ₹6 L/yr

Salary related reviews for SBI Life Insurance Company

4.7

Rated by 2 employees for salary & benefits

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.

read more
  • 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.

read more

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

read more
  • 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

read more
  • 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.

read more
  • 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.

read more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions
1w (edited)
an inside sales executive
Unexpected job policies: stay or switch?
I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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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 in Bangalore / Bengaluru?
The average salary of a Senior Area Manager at SBI Life Insurance Company in Bangalore / Bengaluru typically ranges from ₹11.0 Lakhs to ₹21.0 Lakhs per year, depending on experience (from 13 years to 17 years).

The top 10% of Senior Area Manager in Bangalore / Bengaluru at SBI Life Insurance Company earn more than ₹21.0 Lakhs per year, and the top 1% earn over ₹21.0 Lakhs per year. Senior Area 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 5 SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Senior Area Manager at SBI Life Insurance Company in Bangalore / Bengaluru?
The estimated take-home salary of a Senior Area Manager at SBI Life Insurance Company in Bangalore / Bengaluru typically ranges from ₹1,03,378 to ₹1,06,209 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from 13 years to 17 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 5 salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than SBI Life Insurance Company for Senior Area Manager in India?
Bajaj Finance ₹9.0 Lakhs to ₹17.2 Lakhs per year
Bajaj Finserv ₹10.5 Lakhs to ₹18.3 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.
What is the salary of a Senior Area Manager in companies similar to SBI Life Insurance Company in Bangalore / Bengaluru?
The salary of a Senior Area Manager at companies similar to SBI Life Insurance Company in Bangalore / Bengaluru varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Square Yards ₹11.1 Lakhs to ₹14.0 Lakhs per year
LEAD School ₹9.0 Lakhs to ₹13.0 Lakhs per year
Bajaj Allianz Life Insurance ₹9.1 Lakhs to ₹13.2 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.
How the salary growth look like for a Senior Area Manager at SBI Life Insurance Company in Bangalore / Bengaluru?
The salary growth for a Senior Area Manager at SBI Life Insurance Company in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Senior Area Manager in Bangalore / Bengaluru can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
13 years ₹13.1 Lakhs to ₹16.7 Lakhs per year
14 years ₹13.2 Lakhs to ₹16.9 Lakhs per year
15 years ₹13.6 Lakhs to ₹17.4 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Senior Area Manager salary in Bangalore / Bengaluru ranges between ₹11 Lakhs to ₹21 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.