SBI Life Insurance Company Software Developer Salaries by 10+ Employees (Updated 2025)

0 - 4 years exp.

₹2.4 Lakhs - ₹6 Lakhs

Avg. annual salary

Monthly In-hand Salary

35% less than the average Software Developer Salary in Insurance Companies for 0 - 4 years of experience

Interested in this particular role?

Last Updated: 12 Feb 2025

Companies similar to SBI Life Insurance Company for Software Developer

Company name	Avg Annual Salary	Open Jobs
Principal Global Services Software Developer Salary 1 - 5 years exp. (90 salaries)	₹7.5 L/yr - ₹13.4 L/yr 119% more
HDFC Ergo General Insurance Software Developer Salary 0 - 5 years exp. (87 salaries)	₹2.1 L/yr - ₹11.9 L/yr 22% more
Login to view exact salary
ICICI Lombard General Insurance Company Software Developer Salary 0 - 4 years exp. (50 salaries)	₹3.5 L/yr - ₹12.2 L/yr 47% more
Bajaj Allianz General Insurance Software Developer Salary 0 - 4 years exp. (37 salaries)	₹3 L/yr - ₹8 L/yr At par
Star Health & Allied Insurance Software Developer Salary 1 - 10 years exp. (19 salaries)	₹7.3 L/yr - ₹28.3 L/yr 200% more
Bajaj Allianz Life Insurance Software Developer Salary 2 - 5 years exp. (15 salaries)	₹4 L/yr - ₹9.2 L/yr 30% more
HDFC Life Software Developer Salary 2 - 7 years exp. (13 salaries)	₹4.3 L/yr - ₹15.2 L/yr 84% more
Gallagher Software Developer Salary 2 years exp. (33 salaries)	₹4.7 L/yr - ₹19.9 L/yr 116% more
MetLife Software Developer Salary 2 - 5 years exp. (10 salaries)	₹6.2 L/yr - ₹19.5 L/yr 105% more
Allianz Software Developer Salary 2 - 4 years exp. (4 salaries)	₹2.2 L/yr - ₹6 L/yr 8% less
ICICI Prudential Life Insurance Software Developer Salary 2 - 6 years exp. (7 salaries)	₹2.5 L/yr - ₹8 L/yr 23% more
Login to view exact salary
Tata AIA Life Insurance Software Developer Salary 3 - 5 years exp. (7 salaries)	₹5.6 L/yr - ₹13.1 L/yr 95% more
Aditya Birla Health Insurance Co Software Developer Salary 3 - 7 years exp. (7 salaries)	₹4.6 L/yr - ₹12 L/yr 75% more
AXA Software Developer Salary 2 - 6 years exp. (6 salaries)	₹5 L/yr - ₹9.1 L/yr 49% more
AIG Software Developer Salary 3 - 7 years exp. (6 salaries)	₹5.2 L/yr - ₹14.8 L/yr 115% more
SBI General Insurance Software Developer Salary 0 - 11 years exp. (5 salaries)	₹6 L/yr - ₹9 L/yr 30% more
Aditya Birla Sun Life Insurance Software Developer Salary 2 - 3 years exp. (4 salaries)	₹3.5 L/yr - ₹4.5 L/yr 30% less
First American Title Software Developer Salary 3 years exp. (3 salaries)	₹6 L/yr - ₹14.5 L/yr 112% more
Life Insurance Corporation of India Software Developer Salary 2 - 8 years exp. (3 salaries)	₹1.1 L/yr - ₹12 L/yr 41% more
Kotak Mahindara Life Insurance Software Developer Salary 0 - 2 years exp. (3 salaries)	₹3 L/yr - ₹5.3 L/yr 19% less

Software Developer salary at SBI Life Insurance Company ranges between ₹2.4 Lakhs to ₹6 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 11 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Software Developer salaries

Last Updated: 12 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.8 L/yr - ₹9.8 L/yr
1 year (3 salaries)	₹2.4 L/yr - ₹9.8 L/yr
Login to view exact salary
2 years (5 salaries)	₹2.4 L/yr - ₹6 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹9.8 L/yr
4 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹9.8 L/yr

Similar Designation salaries in SBI Life Insurance Company

Salesforce Developer Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹11 L/yr

Java Developer Salary

(3 salaries)

₹3 L/yr - ₹5.2 L/yr

Senior Software Developer Salary

(AmbitionBox Estimate)

₹10 L/yr - ₹12.8 L/yr

Software Engineer Salary

(6 salaries)

₹6.5 L/yr - ₹8.5 L/yr

Web Developer Salary

(5 salaries)

₹1.8 L/yr - ₹4 L/yr

Plsql Developer Salary

(7 salaries)

₹4.25 L/yr - ₹10 L/yr

System Engineer Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Senior Software Engineer Salary

(6 salaries)

₹5 L/yr - ₹8 L/yr

Team Lead Salary

(14 salaries)

₹2.3 L/yr - ₹6 L/yr

Senior Associate Salary

(539 salaries)

₹2.3 L/yr - ₹7 L/yr

Salary related reviews for SBI Life Insurance Company

2.3

Rated by 2 employees for salary & benefits

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.

Job security - Good

Dislikes

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

Work satisfaction - Poor

+2 more

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

Job security - Good

+1 more

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.

Salary - Excellent

+6 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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

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?

Got a question about SBI Life Insurance Company?

Ask anonymously on communities.

SBI Life Insurance Company Software Developer Salary FAQs

What is the salary of Software Developer at SBI Life Insurance Company ?

The average salary of a Software Developer at SBI Life Insurance Company in India typically ranges from ₹2.4 Lakhs to ₹6.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Software Developer at SBI Life Insurance Company earn more than ₹5.8 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Software Developer 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 10+ SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Software Developer at SBI Life Insurance Company in India typically ranges from ₹41,166 to ₹42,314 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from Fresher to 4 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 10+ 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 Software Developer in India?

Star Health & Allied Insurance	₹7.3 Lakhs to ₹28.3 Lakhs per year
Principal Global Services	₹7.5 Lakhs to ₹13.4 Lakhs per year
Gallagher	₹4.7 Lakhs to ₹19.9 Lakhs per year
AIG	₹5.2 Lakhs to ₹14.8 Lakhs per year
First American Title	₹6.0 Lakhs to ₹14.5 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 Software Developer in companies similar to SBI Life Insurance Company in India?

The salary of a Software Developer 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:

MetLife	₹6.2 Lakhs to ₹19.5 Lakhs per year
Tata AIA Life Insurance	₹5.6 Lakhs to ₹13.1 Lakhs per year
HDFC Life	₹4.3 Lakhs to ₹15.2 Lakhs per year
Aditya Birla Health Insurance Co	₹4.6 Lakhs to ₹12.0 Lakhs per year
AXA	₹5.0 Lakhs to ₹9.1 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 Software Developer at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
Fresher	₹3.8 Lakhs to ₹9.8 Lakhs per year
1 year	₹2.4 Lakhs to ₹9.8 Lakhs per year
2 years	₹2.4 Lakhs to ₹6.0 Lakhs per year
3 years	₹3.0 Lakhs to ₹9.8 Lakhs per year

and so on.

Tell us how to improve this page.

SBI Life Insurance Company Software Developer Salaries by Location

Home >
Salaries >
SBI Life Insurance Company Salaries >
SBI Life Insurance Company Software Developer Salaries

SBI Life Insurance Company Software Developer salary in India ranges between ₹2.4 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.