SBI Life Insurance Company Senior Manager Salaries by 50+ Employees (Updated 2024)

5 - 14 years exp.

₹4.2 Lakhs - ₹16.7 Lakhs

Salary of majority employees

56% 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. (9 salaries)	₹3.1 L/yr - ₹7.5 L/yr
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Data Science & Analytics Senior Manager Salary 5 - 8 years exp. (6 salaries)	₹10.5 L/yr - ₹16 L/yr
Marketing & Communication Senior Manager Salary 5 - 13 years exp. (4 salaries)	₹9.2 L/yr - ₹15 L/yr
Finance & Accounting Senior Manager Salary 5 - 10 years exp. (3 salaries)	₹7.5 L/yr - ₹17 L/yr

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Last Updated: 7 Dec 2024

Companies similar to SBI Life Insurance Company for Senior Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Senior Manager Salary 2 - 18 years exp. (561 salaries)	₹9 L/yr - ₹23.3 L/yr 46% more	3 job openings
ICICI Prudential Life Insurance Senior Manager Salary 0 - 15 years exp. (554 salaries)	₹8.1 L/yr - ₹27.5 L/yr 86% more
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Max Life Insurance Senior Manager Salary 4 - 18 years exp. (335 salaries)	₹7 L/yr - ₹26.9 L/yr 67% more	2 job openings
Bajaj Allianz Life Insurance Senior Manager Salary 3 - 18 years exp. (137 salaries)	₹9.3 L/yr - ₹22.5 L/yr 42% more	2 job openings
Kotak Mahindara Life Insurance Senior Manager Salary 1 - 14 years exp. (677 salaries)	₹3.3 L/yr - ₹10.5 L/yr 30% less	1 job opening
Tata AIA Life Insurance Senior Manager Salary 8 - 19 years exp. (220 salaries)	₹10.8 L/yr - ₹38 L/yr 143% more	12 job openings
Reliance Nippon Life Insurance Senior Manager Salary 1 - 18 years exp. (193 salaries)	₹2.9 L/yr - ₹13.7 L/yr 19% less
Aviva Life Insurance India Senior Manager Salary 9 - 18 years exp. (64 salaries)	₹8.7 L/yr - ₹28 L/yr 75% more
Bharti AXA Life Insurance Senior Manager Salary 6 - 17 years exp. (71 salaries)	₹5 L/yr - ₹20.1 L/yr 29% more
PNB MetLife Senior Manager Salary 8 - 16 years exp. (106 salaries)	₹4.5 L/yr - ₹19.1 L/yr 14% more
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 19 years exp. (1.5k salaries)	₹4.5 L/yr - ₹14 L/yr 3% more	1 job opening
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HDFC Ergo General Insurance Senior Manager Salary 6 - 19 years exp. (284 salaries)	₹7 L/yr - ₹25 L/yr 49% more
Aditya Birla Health Insurance Co Senior Manager Salary 2 - 16 years exp. (149 salaries)	₹3.9 L/yr - ₹17.4 L/yr 2% more
SBI General Insurance Senior Manager Salary 5 - 16 years exp. (90 salaries)	₹5 L/yr - ₹19 L/yr 23% more
Aditya Birla Sun Life Insurance Senior Manager Salary 0 - 9 years exp. (93 salaries)	₹4 L/yr - ₹17 L/yr 1% more
MetLife Senior Manager Salary 10 - 18 years exp. (93 salaries)	₹22 L/yr - ₹48.4 L/yr 279% more
Star Health & Allied Insurance Senior Manager Salary 4 - 15 years exp. (87 salaries)	₹4 L/yr - ₹14.8 L/yr 11% less
AIG Senior Manager Salary 9 - 21 years exp. (25 salaries)	₹18.5 L/yr - ₹35.1 L/yr 206% more
Shriram Life Insurance Senior Manager Salary 7 - 18 years exp. (22 salaries)	₹6.2 L/yr - ₹16 L/yr 10% more
Marsh Senior Manager Salary 3 - 15 years exp. (18 salaries)	₹9 L/yr - ₹25.8 L/yr 67% more

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Senior Manager salary at SBI Life Insurance Company ranges between ₹4.2 Lakhs to ₹16.7 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 56 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Senior Manager salaries

Last Updated: 7 Dec 2024

Experience	Avg Annual Salary
5 years (9 salaries)	₹4 L/yr - ₹14.4 L/yr
6 years (9 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)	₹3.7 L/yr - ₹16.9 L/yr
9 years (4 salaries)	₹3.8 L/yr - ₹17 L/yr
10 years (9 salaries)	₹4.8 L/yr - ₹12.6 L/yr
11 years (4 salaries)	₹4.8 L/yr - ₹15 L/yr
12 years (7 salaries)	₹4.5 L/yr - ₹16 L/yr
13 years (5 salaries)	₹7 L/yr - ₹15 L/yr
14 years (4 salaries)	₹6.5 L/yr - ₹14 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Store Manager Salary

(AmbitionBox Estimate)

₹20.9 L/yr - ₹26.7 L/yr

Regional Manager Salary

(6 salaries)

₹30 L/yr - ₹39.09 L/yr

Deputy Manager Salary

(39 salaries)

₹2.4 L/yr - ₹8.5 L/yr

Territory Manager Salary

(101 salaries)

₹4 L/yr - ₹7.5 L/yr

Sales Manager Salary

(84 salaries)

₹2.05 L/yr - ₹5.6 L/yr

Senior Sales Manager Salary

(4 salaries)

₹3.4 L/yr - ₹4.5 L/yr

Branch Manager Salary

(166 salaries)

₹6.5 L/yr - ₹15 L/yr

Area Manager Salary

(260 salaries)

₹5 L/yr - ₹13.5 L/yr

Marketing Manager Salary

(16 salaries)

₹4 L/yr - ₹10.73 L/yr

Business Manager Salary

(31 salaries)

₹4.35 L/yr - ₹8.5 L/yr

Salary related reviews for SBI Life Insurance Company

3.4

Rated by 10 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.

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

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

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.

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

Senior Business Development Manager in Katni

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 20 Apr 2022

2.0

for Salary and Benefits

Likes

Best brand in insurance sector..well known..

Dislikes

Salary is low as per targets given by company..incentives are good but company has to think for good salary as well.. Products is not up to the mark as per market competition.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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SBI Life Insurance Company Senior Manager Salary FAQs

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

Senior Manager salary at SBI Life Insurance Company in India ranges between ₹4.2 Lakhs to ₹16.7 Lakhs for experience between 5 years to 14 years. According to our estimates it is 56% less than the average Senior Manager Salary in India. Salary estimates are based on 56 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Senior Manager at SBI Life Insurance Company is 56% less than the average salary of a Senior 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 Manager in India?

Principal Global Services Senior Manager Salary - ₹32.0 Lakhs to ₹50.0 Lakhs per year
MetLife Senior Manager Salary - ₹22.0 Lakhs to ₹48.4 Lakhs per year
AIG Senior Manager Salary - ₹18.5 Lakhs to ₹35.1 Lakhs per year
AXA Senior Manager Salary - ₹24.0 Lakhs to ₹30.0 Lakhs per year
Allianz Senior Manager Salary - ₹24.0 Lakhs to ₹30.0 Lakhs per year

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

Tata AIA Life Insurance Senior Manager Salary - ₹10.8 Lakhs to ₹38.0 Lakhs per year
ICICI Prudential Life Insurance Senior Manager Salary - ₹8.1 Lakhs to ₹27.5 Lakhs per year
Aviva Life Insurance India Senior Manager Salary - ₹8.7 Lakhs to ₹28.0 Lakhs per year
Max Life Insurance Senior Manager Salary - ₹7.0 Lakhs to ₹26.9 Lakhs per year
Marsh Senior Manager Salary - ₹9.0 Lakhs to ₹25.8 Lakhs per year

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

The estimated take-home salary of a Senior Manager at SBI Life Insurance Company ranges between ₹69,049 per month to ₹70,822 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Senior Manager salary in India which ranges between ₹4.2 Lakhs to ₹16.7 Lakhs per year for employees with experience between 5 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 33% of the SBI Life Insurance Company Senior Managers reported a notice period of 1 Month, 34% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 54 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Senior Manager Salaries

SBI Life Insurance Company Senior Manager salary in India ranges between ₹4.2 Lakhs to ₹16.7 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.

SBI Life Insurance Company Senior Manager salaries in India

Companies similar to SBI Life Insurance Company for Senior Manager

Latest annual salaries shared by SBI Life Insurance Company Senior Manager

Experience wise SBI Life Insurance Company Senior Manager salaries

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Area Sales Manager in Vijayawada

Business Development Executive in Gangtok

Senior Business Development Executive in Ongole

Business Development Manager in Rajkot

Senior Business Development Manager in Katni

SBI Life Insurance Company Senior Manager Salary FAQs

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SBI Life Insurance Company Senior Manager Salaries by Location