Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary54% less than the average Senior Manager Salary in Insurance Companies for 5 - 14 years of experience
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Salaries in different departments
BFSI, Investments & Trading
Senior Manager Salary
5 - 14
years
exp.
(14
salaries)
|  ₹4.5 L/yr - ₹17 L/yr |
Sales & Business Development
Senior Manager Salary
5 - 14
years
exp.
(8
salaries)
| ₹4.7 L/yr - ₹7.7 L/yr |
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| |
Data Science & Analytics
Senior Manager Salary
5 - 8
years
exp.
(6
salaries)
| ₹11.2 L/yr - ₹17 L/yr |
Marketing & Communication
Senior Manager Salary
5 - 14
years
exp.
(5
salaries)
| ₹4.6 L/yr - ₹15 L/yr |
Finance & Accounting
Senior Manager Salary
5 - 10
years
exp.
(3
salaries)
| ₹7.5 L/yr - ₹17 L/yr |
Companies similar to SBI Life Insurance Company for Senior Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 ICICI Lombard General Insurance Company Senior Manager Salary
0 - 19 years exp. (1.5k salaries) | ₹4.9 L/yr - ₹13.8 L/yr 
3%
less | 1 job opening |
 Kotak Mahindara Life Insurance Senior Manager Salary
1 - 15 years exp. (692 salaries) | ₹3.3 L/yr - ₹10.5 L/yr
32%
less | 1 job opening |
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| ||
 HDFC Life Senior Manager Salary
2 - 20 years exp. (589 salaries) | ₹9 L/yr - ₹23.5 L/yr 
39%
more | 2 job openings |
 ICICI Prudential Life Insurance Senior Manager Salary
0 - 9 years exp. (481 salaries) | ₹11 L/yr - ₹27 L/yr
79%
more | |
 Axis Max Life Insurance Senior Manager Salary
3 - 17 years exp. (334 salaries) | ₹8 L/yr - ₹30.9 L/yr
83%
more | 3 job openings |
 HDFC Ergo General Insurance Senior Manager Salary
5 - 19 years exp. (319 salaries) | ₹7 L/yr - ₹24 L/yr
48%
more | |
 Tata AIA Life Insurance Senior Manager Salary
8 - 19 years exp. (230 salaries) | ₹10.8 L/yr - ₹42 L/yr
150%
more | 6 job openings |
 Reliance Nippon Life Insurance Senior Manager Salary
0 - 17 years exp. (204 salaries) | ₹6.4 L/yr - ₹13.8 L/yr
18%
less | |
 Bajaj Allianz Life Insurance Senior Manager Salary
3 - 18 years exp. (144 salaries) | ₹9.2 L/yr - ₹24 L/yr
37%
more | 1 job opening |
 Aditya Birla Health Insurance Co Senior Manager Salary
2 - 14 years exp. (140 salaries) | ₹3.5 L/yr - ₹10.7 L/yr
17%
less | |
 PNB MetLife Senior Manager Salary
6 - 16 years exp. (108 salaries) | ₹4.5 L/yr - ₹18 L/yr
12%
more | 1 job opening |
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| ||
 Aditya Birla Sun Life Insurance Senior Manager Salary
1 - 12 years exp. (107 salaries) | ₹4 L/yr - ₹17 L/yr
4%
less | |
 SBI General Insurance Senior Manager Salary
5 - 16 years exp. (96 salaries) | ₹5 L/yr - ₹19.8 L/yr
21%
more | |
 MetLife Senior Manager Salary
10 - 18 years exp. (90 salaries) | ₹19 L/yr - ₹48.4 L/yr
258%
more | 2 job openings |
 Star Health & Allied Insurance Senior Manager Salary
4 - 15 years exp. (82 salaries) | ₹4 L/yr - ₹14 L/yr
19%
less | |
 Bajaj Allianz General Insurance Senior Manager Salary
3 - 18 years exp. (41 salaries) | ₹4.5 L/yr - ₹12.9 L/yr
8%
more | 1 job opening |
 Shriram Life Insurance Senior Manager Salary
1 - 18 years exp. (25 salaries) | ₹4.3 L/yr - ₹15 L/yr
11%
less | |
 AIG Senior Manager Salary
9 - 21 years exp. (21 salaries) | ₹18.5 L/yr - ₹35.1 L/yr
198%
more | |
 Marsh Senior Manager Salary
3 - 14 years exp. (17 salaries) | ₹9 L/yr - ₹25.8 L/yr
66%
more | |
 Gallagher Senior Manager Salary
8 - 22 years exp. (16 salaries) | ₹8.6 L/yr - ₹27 L/yr
66%
more | |
Latest annual salaries shared by SBI Life Insurance Company Senior Manager
Experience wise SBI Life Insurance Company Senior Manager salaries
Last Updated: 17 Feb 2025
| Experience | Avg Annual Salary |
|---|---|
| 5 years (9 salaries) |
₹4
L/yr
- ₹14.4
L/yr
|
| 6 years (8 salaries) |
₹4.8
L/yr
- ₹15.5
L/yr
|
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| |
| 7 years (AmbitionBox Estimate) |
₹4.7
L/yr
- ₹15
L/yr
|
| 8 years (3 salaries) |
₹4
L/yr
- ₹17.9
L/yr
|
| 9 years (3 salaries) |
₹4
L/yr
- ₹17
L/yr
|
Similar Designation salaries in SBI Life Insurance Company
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SBI Life Insurance Company Senior Manager Salary FAQs
The top 10% of Senior Manager at SBI Life Insurance Company earn more than ₹15.4 Lakhs per year, and the top 1% earn over ₹17.9 Lakhs per year. Senior 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 50+ SBI Life Insurance Company employees in India.
| Principal Global Services | ₹32.0 Lakhs to ₹50.0 Lakhs per year |
| MetLife | ₹19.0 Lakhs to ₹48.4 Lakhs per year |
| AIG | ₹18.5 Lakhs to ₹35.1 Lakhs per year |
| Allianz | ₹24.0 Lakhs to ₹30.0 Lakhs per year |
| Tata AIA Life Insurance | ₹10.8 Lakhs to ₹42.0 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.
| AXA | ₹20.0 Lakhs to ₹26.5 Lakhs per year |
| Axis Max Life Insurance | ₹8.0 Lakhs to ₹30.9 Lakhs per year |
| ICICI Prudential Life Insurance | ₹11.0 Lakhs to ₹27.0 Lakhs per year |
| Gallagher | ₹8.6 Lakhs to ₹27.0 Lakhs per year |
| Marsh | ₹9.0 Lakhs to ₹25.8 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.
| Experience | Average Salary Range |
|---|---|
| 5 years | ₹4.0 Lakhs to ₹14.4 Lakhs per year |
| 6 years | ₹4.8 Lakhs to ₹15.5 Lakhs per year |
| 7 years | ₹4.7 Lakhs to ₹15.0 Lakhs per year |
| 8 years | ₹4.0 Lakhs to ₹17.9 Lakhs per year |
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SBI Life Insurance Company Senior Manager Salaries by Location
- SBI Life Insurance Company Senior Manager salaries in Mumbai
- SBI Life Insurance Company Senior Manager salaries in New Delhi
- SBI Life Insurance Company Senior Manager salaries in Patna
- SBI Life Insurance Company Senior Manager salaries in Bangalore / Bengaluru
- SBI Life Insurance Company Senior Manager salaries in Guwahati
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- SBI Life Insurance Company Senior Manager Salaries
SBI Life Insurance Company Senior Manager salary
in
India
ranges between ₹4
Lakhs to ₹17.4
Lakhs with an average annual salary of
₹. Salary estimates are based on
56
SBI Life Insurance Company latest salaries received from various employees of
SBI Life Insurance Company.