SBI Life Insurance Company Software Engineer Salaries by 5 Employees (Updated 2025)

2 - 5 years exp.

₹3.5 Lakhs - ₹7 Lakhs

Low Confidence

Salary of majority employees

31% less than the average Software Engineer Salary in Insurance Companies for 2 - 5 years of experience

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Last Updated: 6 Mar 2024

Companies similar to SBI Life Insurance Company for Software Engineer

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Software Engineer Salary 1 - 3 years exp. (11 salaries)	₹2 L/yr - ₹8.2 L/yr 7% less
HDFC Life Software Engineer Salary 1 - 8 years exp. (35 salaries)	₹6.5 L/yr - ₹23 L/yr 126% more
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Axis Max Life Insurance Software Engineer Salary 0 - 8 years exp. (13 salaries)	₹4.6 L/yr - ₹15 L/yr 90% more
Bajaj Allianz Life Insurance Software Engineer Salary 0 - 5 years exp. (35 salaries)	₹3.1 L/yr - ₹7.5 L/yr 21% less
Kotak Mahindara Life Insurance Software Engineer Salary 0 - 3 years exp. (3 salaries)	₹4 L/yr - ₹15 L/yr 84% more
Reliance Nippon Life Insurance Software Engineer Salary 1 - 3 years exp. (7 salaries)	₹1 L/yr - ₹3.2 L/yr 47% less
Tata AIA Life Insurance Software Engineer Salary 0 - 4 years exp. (7 salaries)	₹4.2 L/yr - ₹8 L/yr 9% more
Aditya Birla Sun Life Insurance Software Engineer Salary 1 - 5 years exp. (4 salaries)	₹2 L/yr - ₹16 L/yr 8% more
PNB MetLife Software Engineer Salary 3 - 12 years exp. (4 salaries)	₹4.8 L/yr - ₹14 L/yr 64% more
Life Insurance Corporation of India Software Engineer Salary 0 - 5 years exp. (3 salaries)	₹4.5 L/yr - ₹30 L/yr 178% more
Principal Global Services Software Engineer Salary 1 - 5 years exp. (305 salaries)	₹5.4 L/yr - ₹15 L/yr 129% more	1 job opening
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HDFC Ergo General Insurance Software Engineer Salary 2 - 5 years exp. (46 salaries)	₹2.7 L/yr - ₹12.3 L/yr 30% more
ICICI Lombard General Insurance Company Software Engineer Salary 1 - 7 years exp. (35 salaries)	₹5.6 L/yr - ₹13.6 L/yr 69% more
Bajaj Allianz General Insurance Software Engineer Salary 2 - 5 years exp. (32 salaries)	₹2.3 L/yr - ₹10.2 L/yr 8% more
Allianz Software Engineer Salary 1 - 5 years exp. (30 salaries)	₹3 L/yr - ₹10 L/yr 3% less
Gallagher Software Engineer Salary 2 - 4 years exp. (19 salaries)	₹3.2 L/yr - ₹8 L/yr 3% less	1 job opening
Star Health & Allied Insurance Software Engineer Salary 0 - 2 years exp. (14 salaries)	₹4 L/yr - ₹16.1 L/yr 62% more
First American Title Software Engineer Salary 3 - 5 years exp. (12 salaries)	₹6.6 L/yr - ₹11.5 L/yr 55% more
MetLife Software Engineer Salary 1 - 8 years exp. (10 salaries)	₹4 L/yr - ₹16.9 L/yr 77% more
Aditya Birla Health Insurance Co Software Engineer Salary 0 - 6 years exp. (9 salaries)	₹1.8 L/yr - ₹9.6 L/yr 10% more

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Software Engineer salary at SBI Life Insurance Company ranges between ₹3.5 Lakhs to ₹7 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Software Engineer salaries

Last Updated: 6 Mar 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.8 L/yr
3 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹9.5 L/yr
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4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹7 L/yr
5 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹12.6 L/yr

Similar Designation salaries in SBI Life Insurance Company

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

Software Developer Salary

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₹2.4 L/yr - ₹6 L/yr

Associate Software Engineer Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Web Developer Salary

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Salesforce Developer Salary

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Java Developer Salary

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Team Lead Salary

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₹2.3 L/yr - ₹6 L/yr

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Senior Software Developer Salary

(AmbitionBox Estimate)

₹10 L/yr - ₹12.8 L/yr

Salary related reviews for SBI Life Insurance Company

Rated by 1 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

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1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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SBI Life Insurance Company Software Engineer Salary FAQs

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

Software Engineer salary at SBI Life Insurance Company in India ranges between ₹3.5 Lakhs to ₹7.0 Lakhs for experience between 2 years to 5 years. According to our estimates it is 31% less than the average Software Engineer Salary in India. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Software Engineer at SBI Life Insurance Company is 31% less than the average salary of a Software Engineer in India. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Software Engineer in India?

Life Insurance Corporation of India Software Engineer Salary - ₹4.5 Lakhs to ₹30.0 Lakhs per year
Principal Global Services Software Engineer Salary - ₹5.4 Lakhs to ₹15.0 Lakhs per year
HDFC Life Software Engineer Salary - ₹6.5 Lakhs to ₹23.0 Lakhs per year
Axis Max Life Insurance Software Engineer Salary - ₹4.6 Lakhs to ₹15.0 Lakhs per year
Kotak Mahindara Life Insurance Software Engineer Salary - ₹4.0 Lakhs to ₹15.0 Lakhs per year

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

Marsh Software Engineer Salary - ₹5.0 Lakhs to ₹18.0 Lakhs per year
MetLife Software Engineer Salary - ₹4.0 Lakhs to ₹16.9 Lakhs per year
ICICI Lombard General Insurance Company Software Engineer Salary - ₹5.6 Lakhs to ₹13.6 Lakhs per year
PNB MetLife Software Engineer Salary - ₹4.8 Lakhs to ₹14.0 Lakhs per year
Star Health & Allied Insurance Software Engineer Salary - ₹4.0 Lakhs to ₹16.1 Lakhs per year

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

The estimated take-home salary of a Software Engineer at SBI Life Insurance Company ranges between ₹43,082 per month to ₹44,201 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Software Engineer salary in India which ranges between ₹3.5 Lakhs to ₹7.0 Lakhs per year for employees with experience between 2 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Software Engineer at SBI Life Insurance Company?

According to AmbitionBox, 100% of the SBI Life Insurance Company Software Engineers reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Software Engineer Salaries

SBI Life Insurance Company Software Engineer salary in India ranges between ₹3.5 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.