SBI Life Insurance Company Senior Associate Manager Salaries by 6 Employees (Updated 2024)

4 - 6 years exp.

₹4.2 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

67% less than the average Senior Associate Manager Salary in Insurance Companies for 4 - 6 years of experience

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Salaries in different departments

Administration & Facilities Senior Associate Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.1 L/yr
Product Management Senior Associate Manager Salary 4 years exp. (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.6 L/yr
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Sales & Business Development Senior Associate Manager Salary 4 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 1 Dec 2024

Companies similar to SBI Life Insurance Company for Senior Associate Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Senior Associate Manager Salary 2 - 8 years exp. (4 salaries)	₹4 L/yr - ₹4.1 L/yr 12% less
HDFC Life Senior Associate Manager Salary 0 - 10 years exp. (22 salaries)	₹2.4 L/yr - ₹5.8 L/yr 10% less
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Max Life Insurance Senior Associate Manager Salary 4 - 12 years exp. (4 salaries)	₹4 L/yr - ₹5 L/yr 1% less
Eli Lilly and Company Senior Associate Manager Salary 6 - 12 years exp. (218 salaries)	₹9 L/yr - ₹32 L/yr 350% more	1 job opening
Sutherland Global Services Senior Associate Manager Salary 7 - 19 years exp. (199 salaries)	₹6 L/yr - ₹22 L/yr 176% more

Senior Associate Manager salary at SBI Life Insurance Company ranges between ₹4.2 Lakhs to ₹5 Lakhs per year for employees with experience between 4 years to 6 years. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Senior Associate Manager salaries

Last Updated: 1 Dec 2024

Experience	Avg Annual Salary
4 years (3 salaries)	₹4.2 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5 L/yr
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6 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹8.5 L/yr

Similar Designation salaries in SBI Life Insurance Company

Senior Sales Manager Salary

(4 salaries)

₹3.4 L/yr - ₹4.5 L/yr

Regional Manager Salary

(6 salaries)

₹30 L/yr - ₹39.09 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹20.9 L/yr - ₹26.7 L/yr

Territory Sales Manager Salary

(11 salaries)

₹4.87 L/yr - ₹6 L/yr

Project Manager Salary

(7 salaries)

₹6.75 L/yr - ₹14.5 L/yr

Relationship Manager Salary

(60 salaries)

₹2.5 L/yr - ₹6 L/yr

Business Manager Salary

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₹4.35 L/yr - ₹8.5 L/yr

Territory Manager Salary

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₹4 L/yr - ₹7.5 L/yr

Operations Manager Salary

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₹3.6 L/yr - ₹13 L/yr

Assistant Sales Manager Salary

(6 salaries)

₹1.88 L/yr - ₹6.5 L/yr

Salary related reviews for SBI Life Insurance Company

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

Senior Business Development Manager in Katni

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 20 Apr 2022

2.0

for Salary and Benefits

Likes

Best brand in insurance sector..well known..

Dislikes

Salary is low as per targets given by company..incentives are good but company has to think for good salary as well.. Products is not up to the mark as per market competition.

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.

see more salary related reviews

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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SBI Life Insurance Company Senior Associate Manager Salary FAQs

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

Senior Associate Manager salary at SBI Life Insurance Company in India ranges between ₹4.2 Lakhs to ₹5.0 Lakhs for experience between 4 years to 6 years. According to our estimates it is 67% less than the average Senior Associate Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Senior Associate Manager at SBI Life Insurance Company is 67% less than the average salary of a Senior Associate 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 Associate Manager in India?

Eli Lilly and Company Senior Associate Manager Salary - ₹9.0 Lakhs to ₹32.0 Lakhs per year
Sutherland Global Services Senior Associate Manager Salary - ₹6.0 Lakhs to ₹22.0 Lakhs per year

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

Max Life Insurance Senior Associate Manager Salary - ₹4.0 Lakhs to ₹5.0 Lakhs per year
HDFC Life Senior Associate Manager Salary - ₹2.4 Lakhs to ₹5.8 Lakhs per year
ICICI Prudential Life Insurance Senior Associate Manager Salary - ₹4.0 Lakhs to ₹4.1 Lakhs per year

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

The estimated take-home salary of a Senior Associate Manager at SBI Life Insurance Company ranges between ₹34,707 per month to ₹35,951 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Senior Associate Manager salary in India which ranges between ₹4.2 Lakhs to ₹5.0 Lakhs per year for employees with experience between 4 years to 6 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 71% of the SBI Life Insurance Company Senior Associate Managers reported a notice period of 1 Month, 15% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Senior Associate Manager Salaries by Location

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SBI Life Insurance Company Senior Associate Manager Salaries

SBI Life Insurance Company Senior Associate Manager salary in India ranges between ₹4.2 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Senior Associate Manager salaries in India

Companies similar to SBI Life Insurance Company for Senior Associate Manager

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

Experience wise SBI Life Insurance Company Senior Associate 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

Senior Business Development Manager in Katni

Business Development Manager in Jaipur

SBI Life Insurance Company Senior Associate Manager Salary FAQs

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SBI Life Insurance Company Senior Associate Manager Salaries by Location