SBI Life Insurance Company Senior Business Manager Salaries by 5 Employees (Updated 2025)

5 - 10 years exp.

₹6.8 Lakhs - ₹8.1 Lakhs

Low Confidence

Salary of majority employees

52% less than the average Senior Business Manager Salary in Insurance Companies for 5 - 10 years of experience

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Salaries in different departments

Marketing & Communication Senior Business Manager Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹7.4 L/yr
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Sales & Business Development Senior Business Manager Salary 6 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr

Last Updated: 4 Oct 2024

Companies similar to SBI Life Insurance Company for Senior Business Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Senior Business Manager Salary 5 - 8 years exp. (5 salaries)	₹3.5 L/yr - ₹6.5 L/yr 31% less
HDFC Life Senior Business Manager Salary 6 - 14 years exp. (3 salaries)	₹5.5 L/yr - ₹8.4 L/yr 19% more
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Max Life Insurance Senior Business Manager Salary 8 - 12 years exp. (3 salaries)	₹5.3 L/yr - ₹11.4 L/yr 7% more
Bajaj Allianz Life Insurance Senior Business Manager Salary 3 - 10 years exp. (42 salaries)	₹3.6 L/yr - ₹5 L/yr 37% less
Kotak Mahindara Life Insurance Senior Business Manager Salary 4 - 11 years exp. (4 salaries)	₹4.8 L/yr - ₹6.2 L/yr 23% less
Reliance Nippon Life Insurance Senior Business Manager Salary 3 - 10 years exp. (3 salaries)	₹3.5 L/yr - ₹3.8 L/yr 47% less
Tata AIA Life Insurance Senior Business Manager Salary 11 - 20 years exp. (5 salaries)	₹9.5 L/yr - ₹11.8 L/yr 61% more
PNB MetLife Senior Business Manager Salary 2 - 15 years exp. (91 salaries)	₹3.6 L/yr - ₹6.2 L/yr 33% less
SBI General Insurance Senior Business Manager Salary 5 - 8 years exp. (5 salaries)	₹4.9 L/yr - ₹6 L/yr 21% less
ICICI Lombard General Insurance Company Senior Business Manager Salary 1 - 6 years exp. (3 salaries)	₹3.4 L/yr - ₹4.6 L/yr 36% less

Senior Business Manager salary at SBI Life Insurance Company ranges between ₹6.8 Lakhs to ₹8.1 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Senior Business Manager salaries

Last Updated: 4 Oct 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹8 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹8.1 L/yr
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7 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
8 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
9 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹12.4 L/yr
10 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7.4 L/yr

View all

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Salary related reviews for SBI Life Insurance Company

4.5

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.

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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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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SBI Life Insurance Company Senior Business Manager Salary FAQs

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

Senior Business Manager salary at SBI Life Insurance Company in India ranges between ₹6.8 Lakhs to ₹8.1 Lakhs for experience between 5 years to 10 years. According to our estimates it is 52% less than the average Senior Business Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Senior Business Manager at SBI Life Insurance Company is 52% less than the average salary of a Senior Business 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 Business Manager in India?

Tata AIA Life Insurance Senior Business Manager Salary - ₹9.5 Lakhs to ₹11.8 Lakhs per year
HDFC Life Senior Business Manager Salary - ₹5.5 Lakhs to ₹8.4 Lakhs per year
Max Life Insurance Senior Business Manager Salary - ₹5.3 Lakhs to ₹11.4 Lakhs per year

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

SBI General Insurance Senior Business Manager Salary - ₹4.9 Lakhs to ₹6.0 Lakhs per year
Kotak Mahindara Life Insurance Senior Business Manager Salary - ₹4.8 Lakhs to ₹6.2 Lakhs per year
ICICI Prudential Life Insurance Senior Business Manager Salary - ₹3.5 Lakhs to ₹6.5 Lakhs per year
PNB MetLife Senior Business Manager Salary - ₹3.6 Lakhs to ₹6.2 Lakhs per year
ICICI Lombard General Insurance Company Senior Business Manager Salary - ₹3.4 Lakhs to ₹4.6 Lakhs per year

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

The estimated take-home salary of a Senior Business Manager at SBI Life Insurance Company ranges between ₹52,408 per month to ₹53,642 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Senior Business Manager salary in India which ranges between ₹6.8 Lakhs to ₹8.1 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 58% of the SBI Life Insurance Company Senior Business Managers reported a notice period of 2 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 12 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Senior Business Manager Salaries

SBI Life Insurance Company Senior Business Manager salary in India ranges between ₹6.8 Lakhs to ₹8.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Senior Business Manager salaries in India

Companies similar to SBI Life Insurance Company for Senior Business Manager

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

Experience wise SBI Life Insurance Company Senior Business Manager salaries

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Business Development Manager in Deoghar

Area Sales Manager in Vijayawada

Business Development Executive in Gangtok

Senior Business Development Executive in Ongole

Business Development Manager in Rajkot

SBI Life Insurance Company Senior Business Manager Salary FAQs

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