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

14 - 25 years exp.

₹15 Lakhs - ₹28.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

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 - ₹23.3 L/yr

Last Updated: 9 Feb 2025

Companies similar to SBI Life Insurance Company for Senior Divisional Manager

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Senior Divisional Manager Salary 6 - 20 years exp. (18 salaries)	₹5.9 L/yr - ₹13.4 L/yr 63% less
United India Insurance Company Senior Divisional Manager Salary 15 - 32 years exp. (9 salaries)	₹13 L/yr - ₹21.1 L/yr 19% less
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Kotak Mahindara Life Insurance Senior Divisional Manager Salary 19 - 23 years exp. (7 salaries)	₹22 L/yr - ₹27 L/yr 7% more
The New India Assurance Co. Senior Divisional Manager Salary 21 - 33 years exp. (5 salaries)	₹16 L/yr - ₹35 L/yr 20% 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 - ₹30.2 L/yr 31% 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.

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

3d ago

₹25 Lakhs

16 years exp.

2w ago

₹22.5 Lakhs

18 years exp.

4mo ago

₹23.6 Lakhs

18 years exp.

6mo ago

₹21 Lakhs

15 years exp.

7mo ago

₹24 Lakhs

24 years exp.

7mo ago

24 years exp.

9mo ago

25 years exp.

1y ago

19 years exp.

1y ago

14 years exp.

1y ago

17 years exp.

Experience wise SBI Life Insurance Company Senior Divisional Manager salaries

Last Updated: 9 Feb 2025

Experience	Avg Annual Salary
14 years (3 salaries)	₹16.3 L/yr - ₹38.5 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

(14 salaries)

₹3.25 L/yr - ₹5.5 L/yr

Regional Manager Salary

(8 salaries)

₹30 L/yr - ₹39.09 L/yr

Territory Manager Salary

(110 salaries)

₹4 L/yr - ₹7.1 L/yr

Relationship Manager Salary

(61 salaries)

₹2.5 L/yr - ₹6 L/yr

Branch Manager Salary

(171 salaries)

₹6.5 L/yr - ₹15.7 L/yr

Area Sales Manager Salary

(17 salaries)

₹3.75 L/yr - ₹13.5 L/yr

Area Manager Salary

(246 salaries)

₹5.4 L/yr - ₹14.5 L/yr

Sales Manager Salary

(86 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

(39 salaries)

₹2.2 L/yr - ₹10 L/yr

Salary related reviews for SBI Life Insurance Company

4.5

Rated by 5 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

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Salary Discussions, Hike & Promotions

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 Divisional Manager Salary FAQs

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

The average salary of a Senior Divisional Manager at SBI Life Insurance Company in India typically ranges from ₹15.0 Lakhs to ₹28.8 Lakhs per year, depending on experience (from 14 years to 25 years).

The top 10% of Senior Divisional Manager at SBI Life Insurance Company earn more than ₹28.2 Lakhs per year, and the top 1% earn over ₹28.8 Lakhs per year. Senior Divisional 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 20+ SBI Life Insurance Company employees in India.

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 in India typically ranges from ₹1,44,168 to ₹1,49,550 per month. This is based on the average salary range of ₹15.0 Lakhs to ₹28.8 Lakhs per year for employees with experience ranging from 14 years to 25 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 20+ 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 Divisional Manager in India?

Life Insurance Corporation of India	₹24.0 Lakhs to ₹30.2 Lakhs per year
The New India Assurance Co.	₹16.0 Lakhs to ₹35.0 Lakhs per year
Kotak Mahindara Life Insurance	₹22.0 Lakhs to ₹27.0 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 Divisional Manager in companies similar to SBI Life Insurance Company in India?

The salary of a Senior Divisional Manager at companies similar to SBI Life Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

United India Insurance Company	₹13.0 Lakhs to ₹21.1 Lakhs per year
Shriram Life Insurance	₹8.0 Lakhs to ₹10.0 Lakhs per year
Star Health & Allied Insurance	₹5.9 Lakhs to ₹13.4 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 Divisional Manager at SBI Life Insurance Company in India?

The salary growth for a Senior Divisional Manager at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a Senior Divisional Manager can expect the following growth trajectory at SBI Life Insurance Company:

Experience	Average Salary Range
14 years	₹16.3 Lakhs to ₹38.5 Lakhs per year
15 years	₹15.0 Lakhs to ₹28.8 Lakhs per year

and so on.

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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.