SBI Life Insurance Company Senior Divisional Manager Salaries by 20+ Employees (Updated 2025)

14 - 25 years exp.

₹15 Lakhs - ₹28.8 Lakhs

Salary of majority employees

32% more than the average Senior Divisional Manager Salary in Insurance Companies for 14 - 25 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Divisional Manager Salary 14 - 24 years exp. (8 salaries)	₹16.3 L/yr - ₹25 L/yr
Sales & Business Development Senior Divisional Manager Salary 14 - 24 years exp. (6 salaries)	₹21 L/yr - ₹28.8 L/yr
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Marketing & Communication Senior Divisional Manager Salary 23 - 25 years exp. (AmbitionBox Estimate)	₹22.1 L/yr - ₹24 L/yr

Last Updated: 25 Jan 2025

Companies similar to SBI Life Insurance Company for Senior Divisional Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Senior Divisional Manager Salary 15 - 23 years exp. (8 salaries)	₹22 L/yr - ₹27 L/yr 9% more
Star Health & Allied Insurance Senior Divisional Manager Salary 6 - 20 years exp. (18 salaries)	₹5.9 L/yr - ₹13.4 L/yr 63% less
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United India Insurance Company Senior Divisional Manager Salary 15 - 32 years exp. (9 salaries)	₹13 L/yr - ₹21.1 L/yr 20% less
The New India Assurance Co. Senior Divisional Manager Salary 21 - 33 years exp. (5 salaries)	₹16 L/yr - ₹35 L/yr 19% more
Shriram Life Insurance Senior Divisional Manager Salary 10 - 20 years exp. (4 salaries)	₹8 L/yr - ₹10 L/yr 57% less
Life Insurance Corporation of India Senior Divisional Manager Salary 31 - 33 years exp. (3 salaries)	₹24 L/yr - ₹30.9 L/yr 32% more

Senior Divisional Manager salary at SBI Life Insurance Company ranges between ₹15 Lakhs to ₹28.8 Lakhs per year for employees with experience between 14 years to 25 years. Salary estimates are based on 26 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Senior Divisional Manager salaries

Last Updated: 25 Jan 2025

Experience	Avg Annual Salary
14 years (3 salaries)	₹16.3 L/yr - ₹38.9 L/yr
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15+ years (23 salaries)	₹15 L/yr - ₹28.8 L/yr

Similar Designation salaries in SBI Life Insurance Company

Senior Relationship Manager Salary

(12 salaries)

₹3.25 L/yr - ₹5.5 L/yr

Regional Manager Salary

(6 salaries)

₹30 L/yr - ₹39.09 L/yr

Territory Manager Salary

(100 salaries)

₹4 L/yr - ₹7 L/yr

Relationship Manager Salary

(62 salaries)

₹2.5 L/yr - ₹6.5 L/yr

Branch Manager Salary

(169 salaries)

₹6.5 L/yr - ₹15.7 L/yr

Area Sales Manager Salary

(25 salaries)

₹3.75 L/yr - ₹13.5 L/yr

Area Manager Salary

(264 salaries)

₹5 L/yr - ₹13.5 L/yr

Sales Manager Salary

(84 salaries)

₹1.2 L/yr - ₹5.6 L/yr

Cluster Manager Salary

(5 salaries)

₹3.5 L/yr - ₹5.25 L/yr

Deputy Manager Salary

(38 salaries)

₹2.5 L/yr - ₹10 L/yr

Salary related reviews for SBI Life Insurance Company

4.2

Rated by 4 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.

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.

Area Manager in Jalgaon

Sales & Business Development Department

4.0

• posted on 03 Apr 2021

5.0

for Salary and Benefits

Likes

Company is Good in industry. Management always try to give comfort to their employees so that Employee can work Whole heartily. Company always adjust their employees with their performances and allows to change their job profile if some one not performed.

Salary - Excellent

+6 more

Dislikes

I don't think so that there is anything which can be dislike... Bcz every company will demand output against compensation given to Employee.

Branch Manager in Kumta

BFSI, Investments & Trading Department

3.0

• posted on 18 Jun 2020

3.0

for Salary and Benefits

Likes

Salary hike 3 to 5 % per year.Providing petrol exp and telephone exp based on cader.

Dislikes

Lot of politics, no HR Control , career growth is slow, induction training will not conducted in proper time. No value and respect for out Commer. High volume pressure on target and mental irritation. No any value addition from reporting manager.

Job security - Bad

+4 more

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

Sales Support Associate in Kishanganj

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 17 Jan 2024

1.0

for Salary and Benefits

Likes

Even though the salary in this company is very less as per the work, the salary is paid on time.

Dislikes

In today's times, it is important to work to support my family properly, hence I give my 100% to this company so that someday my salary will increase but after working for more than 1 year, I am realizing that It is very difficult to move forward, here we have to work till late night due to which we are not able to give time to our family, and even after doing so much work, we get very low salary so that I cannot support my family properly. I don't know how to do it, even after working for more than 14 hours every day, I don't get any bonus also.

Salary - Bad

+4 more

see more salary related reviews

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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 Divisional Manager Salary FAQs

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

Senior Divisional Manager salary at SBI Life Insurance Company in India ranges between ₹15.0 Lakhs to ₹28.8 Lakhs for experience between 14 years to 25 years. According to our estimates it is 32% more than the average Senior Divisional Manager Salary in India. Salary estimates are based on 26 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Senior Divisional Manager at SBI Life Insurance Company is 32% more than the average salary of a Senior Divisional 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 Divisional Manager in India?

Life Insurance Corporation of India Senior Divisional Manager Salary - ₹24.0 Lakhs to ₹30.9 Lakhs per year
The New India Assurance Co. Senior Divisional Manager Salary - ₹16.0 Lakhs to ₹35.0 Lakhs per year
Kotak Mahindara Life Insurance Senior Divisional Manager Salary - ₹22.0 Lakhs to ₹27.0 Lakhs per year

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

United India Insurance Company Senior Divisional Manager Salary - ₹13.0 Lakhs to ₹21.1 Lakhs per year
Shriram Life Insurance Senior Divisional Manager Salary - ₹8.0 Lakhs to ₹10.0 Lakhs per year
Star Health & Allied Insurance Senior Divisional Manager Salary - ₹5.9 Lakhs to ₹13.4 Lakhs per year

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

The estimated take-home salary of a Senior Divisional Manager at SBI Life Insurance Company ranges between ₹1,45,171 per month to ₹1,50,598 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Senior Divisional Manager salary in India which ranges between ₹15.0 Lakhs to ₹28.8 Lakhs per year for employees with experience between 14 years to 25 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 57% of the SBI Life Insurance Company Senior Divisional Managers reported a notice period of 3 Months, 24% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 21 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Senior Divisional Manager Salaries

SBI Life Insurance Company Senior Divisional Manager salary in India ranges between ₹15 Lakhs to ₹28.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.