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SBI Life Insurance Company Senior Manager salaries in India (Updated 2025)

Annual salary range
5 - 14 years exp.
₹4 Lakhs - ₹17.4 Lakhs
Salary of majority employees
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54% 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)
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₹4.5 L/yr - ₹17 L/yr

Sales & Business Development
Senior Manager Salary
5 - 14 years exp. (8 salaries)
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₹4.7 L/yr - ₹7.7 L/yr

Data Science & Analytics
Senior Manager Salary
5 - 8 years exp. (6 salaries)
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₹11.2 L/yr - ₹17 L/yr

Marketing & Communication
Senior Manager Salary
5 - 14 years exp. (5 salaries)
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₹4.6 L/yr - ₹15 L/yr

Finance & Accounting
Senior Manager Salary
5 - 10 years exp. (3 salaries)
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₹7.5 L/yr - ₹17 L/yr

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Last Updated: 17 Feb 2025

Companies similar to SBI Life Insurance Company for Senior Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Senior Manager Salary

2 - 18 years exp. (583 salaries)

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₹9 L/yr - ₹25 L/yr

arrow icon 40% more
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₹11 L/yr - ₹27 L/yr

arrow icon 79% more
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Axis Max Life Insurance Senior Manager Salary

3 - 17 years exp. (334 salaries)

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₹7.8 L/yr - ₹31.8 L/yr

arrow icon 83% more
1 job opening
Logo
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₹6.9 L/yr - ₹13.9 L/yr

arrow icon 4% more
1 job opening
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₹3.3 L/yr - ₹10.4 L/yr

arrow icon 33% less
1 job opening
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Tata AIA Life Insurance Senior Manager Salary

7 - 19 years exp. (234 salaries)

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₹10.8 L/yr - ₹42 L/yr

arrow icon 147% more
10 job openings
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₹6.6 L/yr - ₹13.7 L/yr

arrow icon 16% less
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₹6 L/yr - ₹24.5 L/yr

arrow icon 49% more
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Bharti AXA Life Insurance Senior Manager Salary

6 - 17 years exp. (61 salaries)

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₹5.7 L/yr - ₹20 L/yr

arrow icon 24% more
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PNB MetLife Senior Manager Salary

6 - 16 years exp. (110 salaries)

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₹4.7 L/yr - ₹18.3 L/yr

arrow icon 12% more
2 job openings
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₹4.6 L/yr - ₹13.8 L/yr

arrow icon 3% less
2 job openings
Logo
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₹7 L/yr - ₹25 L/yr

arrow icon 53% more
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₹3.9 L/yr - ₹15.3 L/yr

arrow icon 11% less
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SBI General Insurance Senior Manager Salary

5 - 16 years exp. (92 salaries)

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₹5 L/yr - ₹20 L/yr

arrow icon 19% more
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MetLife Senior Manager Salary

10 - 18 years exp. (90 salaries)

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₹19 L/yr - ₹48.4 L/yr

arrow icon 258% more
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₹4 L/yr - ₹9.9 L/yr

arrow icon 10% less
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₹4 L/yr - ₹14 L/yr

arrow icon 17% less
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₹4.5 L/yr - ₹12.9 L/yr

arrow icon 8% more
1 job opening
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Shriram Life Insurance Senior Manager Salary

1 - 18 years exp. (25 salaries)

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₹4.3 L/yr - ₹15 L/yr

arrow icon 11% less
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AIG Senior Manager Salary

9 - 21 years exp. (21 salaries)

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₹18.5 L/yr - ₹35.1 L/yr

arrow icon 198% more
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Senior Manager salary at SBI Life Insurance Company ranges between ₹4 Lakhs to ₹17.4 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.

Latest annual salaries shared by SBI Life Insurance Company Senior Manager

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8 years exp.
2w ago
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13 years exp.
1mo ago
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6 years exp.
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14 years exp.
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5 years exp.
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5 years exp.
4mo ago
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14 years exp.
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10 years exp.
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14 years exp.

Experience wise SBI Life Insurance Company Senior Manager salaries

Last Updated: 17 Feb 2025

Experience Avg Annual Salary
5 years  (9 salaries)

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₹4 L/yr - ₹14.4 L/yr
6 years  (8 salaries)

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₹4.8 L/yr - ₹15.5 L/yr
7 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹15 L/yr
8 years  (3 salaries)

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₹4 L/yr - ₹17.9 L/yr
9 years  (3 salaries)

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₹4 L/yr - ₹17 L/yr
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Similar Designation salaries in SBI Life Insurance Company

Store Manager Salary
(AmbitionBox Estimate)
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₹7.7 L/yr - ₹9.8 L/yr
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₹30 L/yr - ₹39.09 L/yr
Deputy Manager Salary
(38 salaries)
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₹2.5 L/yr - ₹10 L/yr
Territory Manager Salary
(100 salaries)
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₹4 L/yr - ₹7 L/yr
Sales Manager Salary
(84 salaries)
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₹1.2 L/yr - ₹5.6 L/yr
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₹3.4 L/yr - ₹4.5 L/yr
Branch Manager Salary
(169 salaries)
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₹6.5 L/yr - ₹15.7 L/yr
Area Manager Salary
(222 salaries)
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₹4.6 L/yr - ₹14.21 L/yr
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₹4.12 L/yr - ₹17 L/yr
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₹4.35 L/yr - ₹8.5 L/yr
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Salary related reviews for SBI Life Insurance Company

3.5

Rated by 10 employees for salary & benefits

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.

read more
  • Salary - Poor

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.

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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

  • Salary - Excellent
  • +4 more

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

read more
  • Job security - Poor

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.

read more
  • Salary - Poor
  • +4 more

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

read more
  • Salary - Poor
  • +6 more
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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 ₹4.0 Lakhs to ₹17.4 Lakhs for experience between 5 years to 14 years. According to our estimates it is 54% 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 54% 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 - ₹19.0 Lakhs to ₹48.4 Lakhs per year
  • AIG Senior Manager Salary - ₹18.5 Lakhs to ₹35.1 Lakhs per year
  • Allianz Senior Manager Salary - ₹24.0 Lakhs to ₹30.0 Lakhs per year
  • Tata AIA Life Insurance Senior Manager Salary - ₹10.8 Lakhs to ₹42.0 Lakhs per year
What is the salary of a Senior Manager in companies similar to SBI Life Insurance Company in India?
  • AXA Senior Manager Salary - ₹20.0 Lakhs to ₹26.5 Lakhs per year
  • Axis Max Life Insurance Senior Manager Salary - ₹7.8 Lakhs to ₹31.8 Lakhs per year
  • ICICI Prudential Life Insurance Senior Manager Salary - ₹11.0 Lakhs to ₹27.0 Lakhs per year
  • Gallagher Senior Manager Salary - ₹8.6 Lakhs to ₹27.0 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 ₹71,938 per month to ₹73,793 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 ₹4.0 Lakhs to ₹17.4 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 51 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Senior Manager salary in India ranges between ₹4 Lakhs to ₹17.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 56 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.