SBI Life Insurance Company Team Manager Salaries by 9 Employees (Updated 2025)

3 - 19 years exp.

₹7.5 Lakhs - ₹20.7 Lakhs

Low Confidence

Salary of majority employees

23% less than the average Team Manager Salary in Insurance Companies for 3 - 19 years of experience

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Last Updated: 1 Mar 2025

Companies similar to SBI Life Insurance Company for Team Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Team Manager Salary 1 - 8 years exp. (12 salaries)	₹3.8 L/yr - ₹9.6 L/yr 31% less
HDFC Life Team Manager Salary 1 - 10 years exp. (27 salaries)	₹3.5 L/yr - ₹8.2 L/yr 45% less
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Max Life Insurance Team Manager Salary 6 - 13 years exp. (9 salaries)	₹5.7 L/yr - ₹11.3 L/yr 7% less
Bajaj Allianz Life Insurance Team Manager Salary 0 - 10 years exp. (13 salaries)	₹2.2 L/yr - ₹9.8 L/yr 44% less
Kotak Mahindara Life Insurance Team Manager Salary 0 - 7 years exp. (12 salaries)	₹1.2 L/yr - ₹7.5 L/yr 58% less
Reliance Nippon Life Insurance Team Manager Salary 4 - 13 years exp. (5 salaries)	₹3.5 L/yr - ₹6.9 L/yr 64% less
Tata AIA Life Insurance Team Manager Salary 4 - 15 years exp. (9 salaries)	₹4 L/yr - ₹16.7 L/yr 19% less
Aditya Birla Sun Life Insurance Team Manager Salary 5 - 11 years exp. (4 salaries)	₹5.5 L/yr - ₹8 L/yr 43% less
PNB MetLife Team Manager Salary 0 - 11 years exp. (7 salaries)	₹4.1 L/yr - ₹9 L/yr 39% less	1 job opening
Gallagher Team Manager Salary 7 - 14 years exp. (211 salaries)	₹4.3 L/yr - ₹15 L/yr 29% less
ICICI Lombard General Insurance Company Team Manager Salary 2 - 16 years exp. (20 salaries)	₹2.5 L/yr - ₹11 L/yr 40% less
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Star Health & Allied Insurance Team Manager Salary 1 - 8 years exp. (17 salaries)	₹3 L/yr - ₹7.8 L/yr 62% less
HDFC Ergo General Insurance Team Manager Salary 2 - 10 years exp. (11 salaries)	₹5.8 L/yr - ₹12 L/yr 39% less
Bajaj Allianz General Insurance Team Manager Salary 2 - 13 years exp. (10 salaries)	₹2.8 L/yr - ₹12 L/yr 44% less
MetLife Team Manager Salary 5 - 15 years exp. (10 salaries)	₹6 L/yr - ₹19.8 L/yr 16% more
Marsh Team Manager Salary 4 - 15 years exp. (8 salaries)	₹7.8 L/yr - ₹24.8 L/yr 44% more
SBI General Insurance Team Manager Salary 0 - 7 years exp. (7 salaries)	₹3.2 L/yr - ₹11.6 L/yr 45% less
AIG Team Manager Salary 5 - 13 years exp. (5 salaries)	₹11.5 L/yr - ₹30 L/yr 48% more
Shriram Life Insurance Team Manager Salary 4 - 16 years exp. (4 salaries)	₹2.5 L/yr - ₹14 L/yr 34% less
Aditya Birla Health Insurance Co Team Manager Salary 5 - 6 years exp. (4 salaries)	₹6.5 L/yr - ₹16.2 L/yr 16% less

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Team Manager salary at SBI Life Insurance Company ranges between ₹7.5 Lakhs to ₹20.7 Lakhs per year for employees with experience between 3 years to 19 years. Salary estimates are based on 9 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Team Manager salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹10 L/yr - ₹22.4 L/yr
4 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹22.3 L/yr
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5 years (3 salaries)	₹12 L/yr - ₹22.3 L/yr
6 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
7 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.1 L/yr
8 years (AmbitionBox Estimate)	₹11 L/yr - ₹14.1 L/yr
9 years (AmbitionBox Estimate)	₹11 L/yr - ₹14 L/yr
10 years (AmbitionBox Estimate)	₹11 L/yr - ₹14 L/yr
11 years (AmbitionBox Estimate)	₹10.9 L/yr - ₹14 L/yr
12 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹21.8 L/yr
13 years (AmbitionBox Estimate)	₹10.9 L/yr - ₹13.9 L/yr
14 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
15+ years (AmbitionBox Estimate)	₹4.8 L/yr - ₹14.3 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Area Manager Salary

(223 salaries)

₹4.6 L/yr - ₹14.21 L/yr

Program Manager Salary

(3 salaries)

₹12.1 L/yr - ₹20 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.8 L/yr

Branch Manager Salary

(167 salaries)

₹6.5 L/yr - ₹15.7 L/yr

Deputy Manager Salary

(38 salaries)

₹2.5 L/yr - ₹10 L/yr

Team Lead Salary

(15 salaries)

₹2.3 L/yr - ₹6 L/yr

Project Manager Salary

(7 salaries)

₹6.75 L/yr - ₹14.5 L/yr

Department Manager Salary

(4 salaries)

₹3.2 L/yr - ₹4.25 L/yr

Cluster Manager Salary

(5 salaries)

₹3.5 L/yr - ₹5.25 L/yr

Operations Manager Salary

(42 salaries)

₹3.6 L/yr - ₹13 L/yr

Salary related reviews for SBI Life Insurance Company

2.6

Rated by 6 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

Area Manager in Jalgaon

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.

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.

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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SBI Life Insurance Company Team Manager Salary FAQs

What is the salary of Team Manager at SBI Life Insurance Company?

Team Manager salary at SBI Life Insurance Company in India ranges between ₹7.5 Lakhs to ₹20.7 Lakhs for experience between 3 years to 19 years. According to our estimates it is 23% less than the average Team Manager Salary in India. Salary estimates are based on 9 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Team Manager at SBI Life Insurance Company is 23% less than the average salary of a Team Manager in India. To know exact salary insights, login to view.

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

AXA Team Manager Salary - ₹25.0 Lakhs to ₹30.0 Lakhs per year
Allianz Team Manager Salary - ₹5.8 Lakhs to ₹29.6 Lakhs per year
Principal Global Services Team Manager Salary - ₹11.0 Lakhs to ₹29.3 Lakhs per year
AIG Team Manager Salary - ₹11.5 Lakhs to ₹30.0 Lakhs per year
Marsh Team Manager Salary - ₹7.8 Lakhs to ₹24.8 Lakhs per year

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

MetLife Team Manager Salary - ₹6.0 Lakhs to ₹19.8 Lakhs per year
Max Life Insurance Team Manager Salary - ₹5.7 Lakhs to ₹11.3 Lakhs per year
Aditya Birla Health Insurance Co Team Manager Salary - ₹6.5 Lakhs to ₹16.2 Lakhs per year
Tata AIA Life Insurance Team Manager Salary - ₹4.0 Lakhs to ₹16.7 Lakhs per year
Gallagher Team Manager Salary - ₹4.3 Lakhs to ₹15.0 Lakhs per year

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 ranges between ₹86,228 per month to ₹88,487 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Team Manager salary in India which ranges between ₹7.5 Lakhs to ₹20.7 Lakhs per year for employees with experience between 3 years to 19 years. Check how did we calculate take home salary?

What is the notice period for Team Manager at SBI Life Insurance Company?

According to AmbitionBox, 100% of the SBI Life Insurance Company Team Managers reported a notice period of 2 Months.This is based on 1 response on AmbitionBox in last 2 years.

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SBI Life Insurance Company Team Manager Salaries

SBI Life Insurance Company Team Manager salary in India ranges between ₹7.5 Lakhs to ₹20.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.