SBI Life Insurance Company Mumbai Team Lead Salaries by 5 Employees (Updated 2025)

4 - 9 years exp.

₹3.6 Lakhs - ₹4.8 Lakhs

Salary of majority employees

55% less than the average Team Lead Salary in Insurance Companies for 4 - 9 years of experience

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Salaries in different departments

IT & Information Security Team Lead Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.8 L/yr
Customer Success, Service & Operations Team Lead Salary 8 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.1 L/yr
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Sales & Business Development Team Lead Salary 4 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.7 L/yr

Last Updated: 22 Mar 2025

Companies similar to SBI Life Insurance Company for Team Lead in Mumbai

SBI Life Insurance Company Team Lead Salary

4 - 9 years exp. (5 salaries)

₹3.6 L/yr - ₹4.8 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Team Lead Salary 1 - 11 years exp. (36 salaries)	₹1.1 L/yr - ₹8.2 L/yr 3% more	1 job opening
HDFC Ergo General Insurance Team Lead Salary 2 - 11 years exp. (18 salaries)	₹2.9 L/yr - ₹5.1 L/yr 27% more
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SBI General Insurance Team Lead Salary 2 - 11 years exp. (14 salaries)	₹2.8 L/yr - ₹5 L/yr 2% more
Bajaj Allianz General Insurance Team Lead Salary 3 - 11 years exp. (8 salaries)	₹2.1 L/yr - ₹8.5 L/yr 17% more
Reliance Nippon Life Insurance Team Lead Salary 1 - 8 years exp. (7 salaries)	₹2.5 L/yr - ₹4.6 L/yr 11% less
Kotak Mahindara Life Insurance Team Lead Salary 2 - 8 years exp. (7 salaries)	₹2.2 L/yr - ₹6 L/yr 10% more
HDFC Life Team Lead Salary 5 - 8 years exp. (5 salaries)	₹3.3 L/yr - ₹7 L/yr 6% more
Life Insurance Corporation of India Team Lead Salary 1 - 3 years exp. (4 salaries)	₹1.4 L/yr - ₹2.9 L/yr 36% less
Aditya Birla Health Insurance Co Team Lead Salary 2 - 5 years exp. (4 salaries)	₹4 L/yr - ₹6.5 L/yr 24% more
Star Health & Allied Insurance Team Lead Salary 4 - 9 years exp. (3 salaries)	₹3.3 L/yr - ₹4.5 L/yr 1% more

Team Lead salary at SBI Life Insurance Company ranges between ₹3.6 Lakhs to ₹4.8 Lakhs per year for employees with experience between 4 years to 9 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Team Lead salaries in Mumbai

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
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6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
8 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary

(95 salaries)

₹3 L/yr - ₹6.75 L/yr

Operations Manager Salary

(9 salaries)

₹7.3 L/yr - ₹10 L/yr

Branch Manager Salary

(8 salaries)

₹8 L/yr - ₹11.2 L/yr

Deputy Manager Salary

(7 salaries)

₹4.5 L/yr - ₹10 L/yr

Team Manager Salary

(6 salaries)

₹7.5 L/yr - ₹15 L/yr

Management Trainee Salary

(6 salaries)

₹5.25 L/yr - ₹10.5 L/yr

Salary related reviews for SBI Life Insurance Company

3.0

Rated by 1 employees for salary & benefits

Management Trainee in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 02 Nov 2023

4.0

for Salary and Benefits

Likes

Salary and benefits are supportive.

Salary - Good

+1 more

Dislikes

No work life balance. The sales team pushes things like hell specially in the eastern region of the country. Third Saturday is a leave according to the company's leave policies but we don't get that leave.

Skill development - Poor

+4 more

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

Branch Manager in Kumta

BFSI, Investments & Trading Department

3.0

• posted on 18 Jun 2020

3.0

for Salary and Benefits

Likes

Salary hike 3 to 5 % per year.Providing petrol exp and telephone exp based on cader.

Dislikes

Lot of politics, no HR Control , career growth is slow, induction training will not conducted in proper time. No value and respect for out Commer. High volume pressure on target and mental irritation. No any value addition from reporting manager.

Job security - Bad

+4 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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SBI Life Insurance Company Team Lead Salary FAQs

What is the salary of Team Lead at SBI Life Insurance Company in Mumbai?

The average salary of a Team Lead at SBI Life Insurance Company in Mumbai typically ranges from ₹3.6 Lakhs to ₹4.8 Lakhs per year, depending on experience (from 4 years to 9 years).

The top 10% of Team Lead in Mumbai at SBI Life Insurance Company earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Team Lead 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 5 SBI Life Insurance Company employees in India.

What is the estimated take home salary of a Team Lead at SBI Life Insurance Company in Mumbai?

The estimated take-home salary of a Team Lead at SBI Life Insurance Company in Mumbai typically ranges from ₹29,487 to ₹30,859 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from 4 years to 9 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 5 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 Team Lead in India?

HDFC Ergo General Insurance	₹2.9 Lakhs to ₹5.1 Lakhs per year
Aditya Birla Health Insurance Co	₹4.0 Lakhs to ₹6.5 Lakhs per year
Bajaj Allianz General Insurance	₹2.1 Lakhs to ₹8.5 Lakhs per year
Kotak Mahindara Life Insurance	₹2.2 Lakhs to ₹6.0 Lakhs per year
HDFC Life	₹3.3 Lakhs to ₹7.0 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.

What is the salary of a Team Lead in companies similar to SBI Life Insurance Company in Mumbai?

The salary of a Team Lead at companies similar to SBI Life Insurance Company in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Lombard General Insurance Company	₹1.1 Lakhs to ₹8.2 Lakhs per year
SBI General Insurance	₹2.8 Lakhs to ₹5.0 Lakhs per year
Star Health & Allied Insurance	₹3.3 Lakhs to ₹4.5 Lakhs per year
Reliance Nippon Life Insurance	₹2.5 Lakhs to ₹4.6 Lakhs per year
Life Insurance Corporation of India	₹1.4 Lakhs to ₹2.9 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 Team Lead at SBI Life Insurance Company in Mumbai?

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

Experience	Average Salary Range
4 years	₹3.4 Lakhs to ₹4.3 Lakhs per year
5 years	₹3.5 Lakhs to ₹4.4 Lakhs per year
6 years	₹3.6 Lakhs to ₹4.5 Lakhs per year
7 years	₹3.6 Lakhs to ₹4.6 Lakhs per year

and so on.

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SBI Life Insurance Company Team Lead Salaries in Mumbai

SBI Life Insurance Company Team Lead salary in Mumbai ranges between ₹3.6 Lakhs to ₹4.8 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.