SBI Life Insurance Company Mumbai Senior Executive Salaries by 10+ Employees (Updated 2025)

2 - 10 years exp.

₹3.5 Lakhs - ₹5.7 Lakhs

Salary of majority employees

19% less than the average Senior Executive Salary in Insurance Companies for 2 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Executive Salary 8 - 9 years exp. (6 salaries)	₹4.1 L/yr - ₹5.3 L/yr
Customer Success, Service & Operations Senior Executive Salary 3 - 10 years exp. (4 salaries)	₹3.5 L/yr - ₹4.5 L/yr
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Human Resources Senior Executive Salary 5 - 8 years exp. (3 salaries)	₹4.7 L/yr - ₹5.7 L/yr
Administration & Facilities Senior Executive Salary 10 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.6 L/yr

Last Updated: 11 Sep 2024

Companies similar to SBI Life Insurance Company for Senior Executive in Mumbai

SBI Life Insurance Company Senior Executive Salary

2 - 10 years exp. (18 salaries)

₹3.5 L/yr - ₹5.7 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Senior Executive Salary 4 - 8 years exp. (13 salaries)	₹3 L/yr - ₹5 L/yr 15% less
HDFC Life Senior Executive Salary 0 - 9 years exp. (38 salaries)	₹2.1 L/yr - ₹4.9 L/yr 18% less
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Max Life Insurance Senior Executive Salary 2 - 3 years exp. (3 salaries)	₹3 L/yr - ₹3.5 L/yr 27% less
Bajaj Allianz Life Insurance Senior Executive Salary 3 - 12 years exp. (8 salaries)	₹3.5 L/yr - ₹5.5 L/yr 11% more
Kotak Mahindara Life Insurance Senior Executive Salary 3 - 6 years exp. (5 salaries)	₹3.6 L/yr - ₹5.4 L/yr 11% less
Reliance Nippon Life Insurance Senior Executive Salary 1 - 7 years exp. (14 salaries)	₹2 L/yr - ₹4.3 L/yr 26% less
Tata AIA Life Insurance Senior Executive Salary 2 - 11 years exp. (83 salaries)	₹3.1 L/yr - ₹10.3 L/yr 59% more	1 job opening
Aditya Birla Sun Life Insurance Senior Executive Salary 0 - 6 years exp. (17 salaries)	₹2 L/yr - ₹4.1 L/yr 31% less
PNB MetLife Senior Executive Salary 2 - 9 years exp. (42 salaries)	₹2.4 L/yr - ₹6.3 L/yr 10% less	1 job opening
HDFC Ergo General Insurance Senior Executive Salary 0 - 10 years exp. (97 salaries)	₹2 L/yr - ₹5.6 L/yr 6% less
SBI General Insurance Senior Executive Salary 3 - 9 years exp. (26 salaries)	₹3.1 L/yr - ₹6 L/yr 15% more
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Aditya Birla Health Insurance Co Senior Executive Salary 1 - 6 years exp. (25 salaries)	₹2.6 L/yr - ₹4.4 L/yr 24% less
ICICI Lombard General Insurance Company Senior Executive Salary 3 - 11 years exp. (21 salaries)	₹2.4 L/yr - ₹6.6 L/yr 5% more
Star Health & Allied Insurance Senior Executive Salary 5 - 9 years exp. (11 salaries)	₹3.1 L/yr - ₹4.6 L/yr 10% less

Senior Executive salary at SBI Life Insurance Company ranges between ₹3.5 Lakhs to ₹5.7 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 18 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Senior Executive salaries in Mumbai

Last Updated: 11 Sep 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.6 L/yr
3 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹5.1 L/yr
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4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.8 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.2 L/yr
6 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.5 L/yr
7 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.7 L/yr
8 years (4 salaries)	₹4.2 L/yr - ₹5.7 L/yr
9 years (4 salaries)	₹4.1 L/yr - ₹5 L/yr
10 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹8.5 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary

(92 salaries)

₹3 L/yr - ₹6.75 L/yr

Deputy Manager Salary

(8 salaries)

₹4.5 L/yr - ₹10 L/yr

Salary related reviews for SBI Life Insurance Company

3.0

Rated by 7 employees for salary & benefits

Senior Executive in Balurghat

BFSI, Investments & Trading Department

5.0

• posted on 04 Apr 2018

5.0

for Salary and Benefits

Likes

...ronment and work life balance is good. As it is a brand job is secured till now.salary and appraisal process is good.

Dislikes

Transfer process is not good as per salary payment.

Management Trainee in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 02 Nov 2023

4.0

for Salary and Benefits

Likes

Salary and benefits are supportive.

Dislikes

No work life balance. The sales team pushes things like hell specially in the eastern region of the country. Third Saturday is a leave according to the company's leave policies but we don't get that leave.

Senior Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 May 2022

3.0

for Salary and Benefits

Likes

Average work environment and culture . Teammates are supportive and the management is selfish. Company policies are bad . Appraisals not fair in this company.

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is very slow

Senior Associate in Jaipur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 Apr 2018

3.0

for Salary and Benefits

Likes

Company is

Dislikes

Company is good but as per process of career growth, it is very slow. Company's salary structure is also not good. My salary is less than a person who is coming on my position which I had before 2 years

Senior Associate in Sultanpur

BFSI, Investments & Trading Department

5.0

• posted on 29 Oct 2020

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 salary hike and bonus every year.

see more salary related reviews

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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SBI Life Insurance Company Senior Executive Salary FAQs

What is the salary of Senior Executive at SBI Life Insurance Company Mumbai?

Senior Executive salary at SBI Life Insurance Company in Mumbai ranges between ₹3.5 Lakhs to ₹5.7 Lakhs for experience between 2 years to 10 years. According to our estimates it is 19% less than the average Senior Executive Salary in India. Salary estimates are based on 18 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

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

The average salary of a Senior Executive at SBI Life Insurance Company is 19% less than the average salary of a Senior Executive in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Senior Executive in Mumbai?

Tata AIA Life Insurance Senior Executive Salary - ₹3.1 Lakhs to ₹10.3 Lakhs per year
SBI General Insurance Senior Executive Salary - ₹3.1 Lakhs to ₹6.0 Lakhs per year
Bajaj Allianz Life Insurance Senior Executive Salary - ₹3.5 Lakhs to ₹5.5 Lakhs per year
ICICI Lombard General Insurance Company Senior Executive Salary - ₹2.4 Lakhs to ₹6.6 Lakhs per year

What is the salary of a Senior Executive in companies similar to SBI Life Insurance Company in Mumbai?

HDFC Ergo General Insurance Senior Executive Salary - ₹2.0 Lakhs to ₹5.6 Lakhs per year
PNB MetLife Senior Executive Salary - ₹2.4 Lakhs to ₹6.3 Lakhs per year
Star Health & Allied Insurance Senior Executive Salary - ₹3.1 Lakhs to ₹4.6 Lakhs per year
Kotak Mahindara Life Insurance Senior Executive Salary - ₹3.6 Lakhs to ₹5.4 Lakhs per year
ICICI Prudential Life Insurance Senior Executive Salary - ₹3.0 Lakhs to ₹5.0 Lakhs per year

What is the estimated take home salary of a Senior Executive at SBI Life Insurance Company in Mumbai?

The estimated take-home salary of a Senior Executive at SBI Life Insurance Company ranges between ₹32,799 per month to ₹34,072 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Senior Executive salary in India which ranges between ₹3.5 Lakhs to ₹5.7 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Senior Executive at SBI Life Insurance Company in Mumbai?

According to AmbitionBox, 60% of the SBI Life Insurance Company Senior Executives in Mumbai reported a notice period of 3 Months, 30% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Senior Executive Salaries in Mumbai

SBI Life Insurance Company Senior Executive salary in Mumbai ranges between ₹3.5 Lakhs to ₹5.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.