Search

Salaries

  • Reviews
  • Salaries
  • Interview Questions
  • About Company
  • Benefits
  • Jobs
  • Office Photos
  • Community
+ Contribute
notification
notification
Login
Upload Button Icon Add office photos
Employer? Claim Account for FREE

SBI Life Insurance Company

Compare button icon Compare button icon Compare
3.8

based on 3.9k Reviews

Play video Play video Video summary
filter salariesFilter salaries by

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

Annual salary range
4 - 16 years exp.
₹7.5 Lakhs - ₹15 Lakhs
Avg. annual salary
unlock blur

Monthly In-hand Salary

unlock blur

26% less than the average Team Manager Salary in Insurance Companies for 4 - 16 years of experience

Interested in this particular role?

Last Updated: 12 Mar 2025

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

Logo
SBI Life Insurance Company Team Manager Salary

4 - 16 years exp. (6 salaries)
unlock blur

₹7.5 L/yr - ₹15 L/yr

vs
Company name Avg Annual Salary Open Jobs
Logo
ICICI Lombard General Insurance Company Team Manager Salary

3 - 15 years exp. (11 salaries)
unlock blur

₹2.5 L/yr - ₹12.5 L/yr

arrow icon 40% less
Logo
HDFC Life Team Manager Salary

2 - 7 years exp. (9 salaries)
unlock blur

₹5.7 L/yr - ₹7 L/yr

arrow icon 49% less
Logo
Gallagher Team Manager Salary

7 - 12 years exp. (6 salaries)
unlock blur

₹7 L/yr - ₹16 L/yr

arrow icon 26% less
Logo
ICICI Prudential Life Insurance Team Manager Salary

2 - 8 years exp. (4 salaries)
unlock blur

₹5 L/yr - ₹15.6 L/yr

arrow icon 23% less
Logo
Bajaj Allianz General Insurance Team Manager Salary

5 - 13 years exp. (4 salaries)
unlock blur

₹3.3 L/yr - ₹8.8 L/yr

arrow icon 41% less
Logo
Marsh Team Manager Salary

10 - 15 years exp. (3 salaries)
unlock blur

₹9 L/yr - ₹24.8 L/yr

arrow icon 41% more
Team Manager salary at SBI Life Insurance Company ranges between ₹7.5 Lakhs to ₹15 Lakhs per year for employees with experience between 4 years to 16 years. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Team Manager in Mumbai

4w ago
₹15 Lakhs
12 years exp.
4w ago
₹15 Lakhs
12 years exp.
1y ago
₹12.6 Lakhs
16 years exp.

Experience wise SBI Life Insurance Company Team Manager salaries in Mumbai

Last Updated: 12 Mar 2025

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

unlock blur

₹10.5 L/yr - ₹13.4 L/yr
5 years (AmbitionBox Estimate)

unlock blur

₹10.6 L/yr - ₹13.5 L/yr
6 years (AmbitionBox Estimate)

unlock blur

₹10.7 L/yr - ₹13.6 L/yr
7 years (AmbitionBox Estimate)

unlock blur

₹10.8 L/yr - ₹13.8 L/yr
8 years (AmbitionBox Estimate)

unlock blur

₹10.9 L/yr - ₹13.9 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

Area Manager Salary
(15 salaries)
unlock blur
₹7.5 L/yr - ₹14.21 L/yr
Operations Manager Salary
(9 salaries)
unlock blur
₹7.3 L/yr - ₹10 L/yr
Branch Manager Salary
(8 salaries)
unlock blur
₹8 L/yr - ₹12.32 L/yr
Deputy Manager Salary
(7 salaries)
unlock blur
₹4.5 L/yr - ₹10 L/yr
Team Lead Salary
(5 salaries)
unlock blur
₹3.6 L/yr - ₹4.8 L/yr
Project Manager Salary
(4 salaries)
unlock blur
₹6.75 L/yr - ₹14 L/yr
Program Manager Salary
(3 salaries)
unlock blur
₹12.2 L/yr - ₹20 L/yr

Salary related reviews for SBI Life Insurance Company

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.

read more
  • 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.

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

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

read more

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.

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

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.

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

Discover interview dos and don'ts from real experiences

Top trending discussions

View All
Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
Verified Icon
·
works at
Georgia-Pacific
New offer. Confused.
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?
FeedCard Image
Got a question about SBI Life Insurance Company?
Ask anonymously on communities.
More about working at SBI Life Insurance Company

SBI Life Insurance Company Team Manager Salary FAQs

What is the salary of Team Manager at SBI Life Insurance Company in Mumbai?
The average salary of a Team Manager at SBI Life Insurance Company in Mumbai typically ranges from ₹7.5 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 4 years to 16 years).

The top 10% of Team Manager in Mumbai 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 6 SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Team Manager at SBI Life Insurance Company in Mumbai?
The estimated take-home salary of a Team Manager at SBI Life Insurance Company in Mumbai typically ranges from ₹87,788 to ₹90,091 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 4 years to 16 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 6 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?
Marsh ₹9.0 Lakhs to ₹24.8 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 Mumbai?
The salary of a Team Manager 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 Prudential Life Insurance ₹5.0 Lakhs to ₹15.6 Lakhs per year
Gallagher ₹7.0 Lakhs to ₹16.0 Lakhs per year
ICICI Lombard General Insurance Company ₹2.5 Lakhs to ₹12.5 Lakhs per year
Bajaj Allianz General Insurance ₹3.3 Lakhs to ₹8.8 Lakhs per year
HDFC Life ₹5.7 Lakhs to ₹7.0 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 Mumbai?
The salary growth for a Team Manager at SBI Life Insurance Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Team Manager in Mumbai can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
4 years ₹10.5 Lakhs to ₹13.4 Lakhs per year
5 years ₹10.6 Lakhs to ₹13.5 Lakhs per year
6 years ₹10.7 Lakhs to ₹13.6 Lakhs per year
7 years ₹10.8 Lakhs to ₹13.8 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Team Manager salary in Mumbai ranges between ₹7.5 Lakhs to ₹15 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.