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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 Bhubaneswar

Annual salary range
12 - 16 years exp.
₹10.5 Lakhs - ₹14 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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5% less than the average Senior Area Manager Salary in Insurance Companies for 12 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Area Manager Salary
12 - 16 years exp. (AmbitionBox Estimate)
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₹13 L/yr - ₹14.2 L/yr

Sales & Business Development
Senior Area Manager Salary
14 years exp. (AmbitionBox Estimate)
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₹12.6 L/yr - ₹14 L/yr

Last Updated: 10 Sep 2023

Companies similar to SBI Life Insurance Company for Senior Area Manager in Bhubaneswar

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SBI Life Insurance Company Senior Area Manager Salary

12 - 16 years exp. (4 salaries)
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₹10.5 L/yr - ₹14 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. (7 salaries)
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₹8 L/yr - ₹10.5 L/yr

arrow icon 24% less
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PNB MetLife Senior Area Manager Salary

13 - 17 years exp. (5 salaries)
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₹7.5 L/yr - ₹9 L/yr

arrow icon 35% less
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Axis Max Life Insurance Senior Area Manager Salary

13 - 16 years exp. (3 salaries)
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₹9 L/yr - ₹18.5 L/yr

arrow icon 5% more
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Tata Steel Senior Area Manager Salary

11 - 19 years exp. (18 salaries)
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₹25 L/yr - ₹51.8 L/yr

arrow icon 152% more
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Visaka Industries Senior Area Manager Salary

12 - 14 years exp. (3 salaries)
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₹8.5 L/yr - ₹10 L/yr

arrow icon 34% less
Senior Area Manager salary at SBI Life Insurance Company ranges between ₹10.5 Lakhs to ₹14 Lakhs per year for employees with experience between 12 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company.

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

1y ago
₹13 Lakhs
16 years exp.
1y ago
₹10.5 Lakhs
16 years exp.
1y ago
₹14 Lakhs
14 years exp.

Experience wise SBI Life Insurance Company Senior Area Manager salaries in Bhubaneswar

Last Updated: 10 Sep 2023

Experience Avg Annual Salary
12 years (AmbitionBox Estimate)

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₹11.6 L/yr - ₹14.8 L/yr
13 years (AmbitionBox Estimate)

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₹11.7 L/yr - ₹14.9 L/yr
14 years (AmbitionBox Estimate)

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₹11.8 L/yr - ₹15.1 L/yr
15+ years (AmbitionBox Estimate)

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₹12.3 L/yr - ₹15.7 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
(11 salaries)
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₹6 L/yr - ₹10.07 L/yr
Territory Manager Salary
(5 salaries)
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₹4.75 L/yr - ₹5.5 L/yr
Branch Manager Salary
(4 salaries)
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₹7.1 L/yr - ₹13.5 L/yr

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.

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
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2w (edited)
peacemaker
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Georgia-Pacific
New offer. Confused.
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 Senior Area Manager Salary FAQs

What is the salary of Senior Area Manager at SBI Life Insurance Company in Bhubaneswar?
The average salary of a Senior Area Manager at SBI Life Insurance Company in Bhubaneswar typically ranges from ₹10.5 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 12 years to 16 years).

The top 10% of Senior Area Manager in Bhubaneswar at SBI Life Insurance Company earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹14.0 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 4 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 Bhubaneswar?
The estimated take-home salary of a Senior Area Manager at SBI Life Insurance Company in Bhubaneswar typically ranges from ₹94,362 to ₹96,902 per month. This is based on the average salary range of ₹10.5 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 12 years to 16 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 4 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?
Tata Steel ₹25.0 Lakhs to ₹51.8 Lakhs per year
Axis Max Life Insurance ₹9.0 Lakhs to ₹18.5 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 Bhubaneswar?
The salary of a Senior Area Manager at companies similar to SBI Life Insurance Company in Bhubaneswar varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance ₹8.0 Lakhs to ₹10.5 Lakhs per year
Visaka Industries ₹8.5 Lakhs to ₹10.0 Lakhs per year
PNB MetLife ₹7.5 Lakhs to ₹9.0 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 Bhubaneswar?
The salary growth for a Senior Area Manager at SBI Life Insurance Company in Bhubaneswar depends on factors such as experience, performance, and promotions. On average, a Senior Area Manager in Bhubaneswar can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
12 years ₹11.6 Lakhs to ₹14.8 Lakhs per year
13 years ₹11.7 Lakhs to ₹14.9 Lakhs per year
14 years ₹11.8 Lakhs to ₹15.1 Lakhs per year
15 years ₹12.3 Lakhs to ₹15.7 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Senior Area Manager salary in Bhubaneswar ranges between ₹10.5 Lakhs to ₹14 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.