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

Annual salary range
3 - 19 years exp.
₹7.5 Lakhs - ₹15 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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24% less than the average Team Manager Salary in Insurance Companies for 3 - 19 years of experience

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Last Updated: 15 Mar 2025

Companies similar to SBI Life Insurance Company for Team Manager

Company name Avg Annual Salary Open Jobs
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Gallagher Team Manager Salary

7 - 14 years exp. (216 salaries)

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₹4.3 L/yr - ₹15 L/yr

arrow icon 31% less
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HDFC Life Team Manager Salary

2 - 10 years exp. (29 salaries)

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₹1.2 L/yr - ₹6.2 L/yr

arrow icon 56% less
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₹2.5 L/yr - ₹11 L/yr

arrow icon 42% less
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₹3 L/yr - ₹7.8 L/yr

arrow icon 60% less
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₹2.2 L/yr - ₹11.1 L/yr

arrow icon 44% less
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₹3.8 L/yr - ₹9.6 L/yr

arrow icon 32% less
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MetLife Team Manager Salary

5 - 17 years exp. (12 salaries)

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₹13.7 L/yr - ₹34.4 L/yr

arrow icon 85% more
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HDFC Ergo General Insurance Team Manager Salary

2 - 10 years exp. (12 salaries)

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₹5.8 L/yr - ₹12.4 L/yr

arrow icon 40% less
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₹1.2 L/yr - ₹7.5 L/yr

arrow icon 59% less
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₹2.8 L/yr - ₹13 L/yr

arrow icon 38% less
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AXA Team Manager Salary

10 - 15 years exp. (18 salaries)

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₹45 L/yr - ₹65 L/yr

arrow icon 378% more
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Axis Max Life Insurance Team Manager Salary

6 - 13 years exp. (9 salaries)

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₹5.7 L/yr - ₹11.3 L/yr

arrow icon 10% less
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Tata AIA Life Insurance Team Manager Salary

1 - 15 years exp. (11 salaries)

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₹4 L/yr - ₹15.6 L/yr

arrow icon 23% less
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Marsh Team Manager Salary

4 - 15 years exp. (8 salaries)

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₹7.8 L/yr - ₹24.8 L/yr

arrow icon 40% more
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SBI General Insurance Team Manager Salary

0 - 7 years exp. (7 salaries)

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₹3.2 L/yr - ₹11.6 L/yr

arrow icon 45% less
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PNB MetLife Team Manager Salary

2 - 11 years exp. (7 salaries)

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₹4 L/yr - ₹15 L/yr

arrow icon 32% less
1 job opening
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₹5.5 L/yr - ₹12.3 L/yr

arrow icon 35% less
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AIG Team Manager Salary

5 - 13 years exp. (5 salaries)

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₹11.5 L/yr - ₹30 L/yr

arrow icon 45% more
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₹6.9 L/yr - ₹11.5 L/yr

arrow icon 38% less
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Shriram Life Insurance Team Manager Salary

4 - 16 years exp. (4 salaries)

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₹2.5 L/yr - ₹14 L/yr

arrow icon 36% less
View all
Team Manager salary at SBI Life Insurance Company ranges between ₹7.5 Lakhs to ₹15 Lakhs per year for employees with experience between 3 years to 19 years. Salary estimates are based on 11 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Team Manager

3d ago
₹15 Lakhs
12 years exp.
6d ago
₹15 Lakhs
12 years exp.
1w ago
₹15 Lakhs
12 years exp.
1y ago
₹12.6 Lakhs
16 years exp.
1y ago
₹10 Lakhs
3 years exp.
1y ago
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5 years exp.
1y ago
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12 years exp.
1y ago
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19 years exp.

Experience wise SBI Life Insurance Company Team Manager salaries

Last Updated: 15 Mar 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹10 L/yr - ₹20.9 L/yr
4 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹21.1 L/yr
5 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹13 L/yr
6 years (AmbitionBox Estimate)

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₹10.7 L/yr - ₹13.7 L/yr
7 years (AmbitionBox Estimate)

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₹10.8 L/yr - ₹13.8 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

Area Manager Salary
(246 salaries)
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₹5.4 L/yr - ₹14.5 L/yr
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₹12.1 L/yr - ₹20 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹7.7 L/yr - ₹9.8 L/yr
Branch Manager Salary
(171 salaries)
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₹6.5 L/yr - ₹15.7 L/yr
Deputy Manager Salary
(42 salaries)
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₹2.2 L/yr - ₹9 L/yr
Team Lead Salary
(14 salaries)
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₹2.3 L/yr - ₹6 L/yr
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₹6.75 L/yr - ₹14.5 L/yr
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₹2.5 L/yr - ₹4.25 L/yr
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₹3.5 L/yr - ₹5.25 L/yr
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₹3.6 L/yr - ₹13 L/yr

Salary related reviews for SBI Life Insurance Company

2.5

Rated by 5 employees for salary & benefits

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.

read more
  • Skill development - Poor
  • +4 more

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.

read more
  • 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

read more
  • Work satisfaction - Poor
  • +2 more

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

read more

Sales & Business Development Department

4.0
  •  posted on 03 Apr 2021

5.0
 for  Salary and Benefits

Likes

Company is Good in industry. Management always try to give comfort to their employees so that Employee can work Whole heartily. Company always adjust their employees with their performances and allows to change their job profile if some one not performed.

read more
  • Salary - Excellent
  • +6 more

Dislikes

I don't think so that there is anything which can be dislike... Bcz every company will demand output against compensation given to Employee.

read more

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.

read more
  • Salary - Excellent
  • +6 more
see more salary related reviews

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SBI Life Insurance Company Team Manager Salary FAQs

What is the salary of Team Manager at SBI Life Insurance Company ?
The average salary of a Team Manager at SBI Life Insurance Company in India typically ranges from ₹7.5 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 3 years to 19 years).

The top 10% of Team Manager at SBI Life Insurance Company earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Team Manager 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 Team Manager at SBI Life Insurance Company in India?
The estimated take-home salary of a Team Manager at SBI Life Insurance Company in India typically ranges from ₹88,190 to ₹90,504 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 3 years to 19 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 Team Manager in India?
AXA ₹45.0 Lakhs to ₹65.0 Lakhs per year
MetLife ₹13.7 Lakhs to ₹34.4 Lakhs per year
Allianz ₹5.8 Lakhs to ₹29.6 Lakhs per year
Principal Global Services ₹11.0 Lakhs to ₹29.3 Lakhs per year
AIG ₹11.5 Lakhs to ₹30.0 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 Manager in companies similar to SBI Life Insurance Company in India?
The salary of a Team Manager 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:

Marsh ₹7.8 Lakhs to ₹24.8 Lakhs per year
Axis Max Life Insurance ₹5.7 Lakhs to ₹11.3 Lakhs per year
Aditya Birla Health Insurance Co ₹6.5 Lakhs to ₹13.5 Lakhs per year
Tata AIA Life Insurance ₹4.0 Lakhs to ₹15.6 Lakhs per year
Gallagher ₹4.3 Lakhs to ₹15.0 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 Manager at SBI Life Insurance Company in India?
The salary growth for a Team Manager at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a Team Manager can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
3 years ₹10.0 Lakhs to ₹20.9 Lakhs per year
4 years ₹7.5 Lakhs to ₹21.1 Lakhs per year
5 years ₹4.7 Lakhs to ₹13.0 Lakhs per year
6 years ₹10.7 Lakhs to ₹13.7 Lakhs per year
and so on.

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SBI Life Insurance Company Team Manager salary in India ranges between ₹7.5 Lakhs to ₹15 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 11 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.