SBI Life Insurance Company Mumbai Team Manager Salaries by 4 Employees (Updated 2025)

4 - 16 years exp.

₹7.5 Lakhs - ₹12.6 Lakhs

Salary of majority employees

35% less than the average Team Manager Salary in Insurance Companies for 4 - 16 years of experience

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Last Updated: 1 Mar 2024

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

SBI Life Insurance Company Team Manager Salary

4 - 16 years exp. (4 salaries)

₹7.5 L/yr - ₹12.6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Team Manager Salary 2 - 10 years exp. (5 salaries)	₹5 L/yr - ₹15.6 L/yr 2% less
HDFC Life Team Manager Salary 1 - 7 years exp. (7 salaries)	₹5 L/yr - ₹8.4 L/yr 29% less
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Reliance Nippon Life Insurance Team Manager Salary 4 - 13 years exp. (3 salaries)	₹3.5 L/yr - ₹4.9 L/yr 55% less
ICICI Lombard General Insurance Company Team Manager Salary 3 - 15 years exp. (11 salaries)	₹2.5 L/yr - ₹12.5 L/yr 23% less
Gallagher Team Manager Salary 7 - 12 years exp. (5 salaries)	₹7 L/yr - ₹9.3 L/yr 9% less
Bajaj Allianz General Insurance Team Manager Salary 5 - 13 years exp. (4 salaries)	₹3.3 L/yr - ₹6.4 L/yr 40% less
Marsh Team Manager Salary 10 - 15 years exp. (3 salaries)	₹9 L/yr - ₹24.8 L/yr 82% more

Team Manager salary at SBI Life Insurance Company ranges between ₹7.5 Lakhs to ₹12.6 Lakhs per year for employees with experience between 4 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Team Manager salaries in Mumbai

Last Updated: 1 Mar 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹15.5 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹12 L/yr
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6 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
7 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.4 L/yr
8 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.5 L/yr
9 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
10 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
11 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
12 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
13 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
14 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
15+ years (AmbitionBox Estimate)	₹4.2 L/yr - ₹12.6 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Area Manager Salary

(16 salaries)

₹7.5 L/yr - ₹14.21 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 Lead Salary

(6 salaries)

₹3.6 L/yr - ₹4.8 L/yr

Project Manager Salary

(4 salaries)

₹6.75 L/yr - ₹14 L/yr

Program Manager Salary

(3 salaries)

₹12.2 L/yr - ₹20 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

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

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SBI Life Insurance Company Team Manager Salary FAQs

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

Team Manager salary at SBI Life Insurance Company in Mumbai ranges between ₹7.5 Lakhs to ₹12.6 Lakhs for experience between 4 years to 16 years. According to our estimates it is 35% less than the average Team Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

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

The average salary of a Team Manager at SBI Life Insurance Company is 35% less than the average salary of a Team Manager in Mumbai. To know exact salary insights, login to view.

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

Marsh Team Manager Salary - ₹9.0 Lakhs to ₹24.8 Lakhs per year

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

ICICI Prudential Life Insurance Team Manager Salary - ₹5.0 Lakhs to ₹15.6 Lakhs per year
Gallagher Team Manager Salary - ₹7.0 Lakhs to ₹9.3 Lakhs per year
ICICI Lombard General Insurance Company Team Manager Salary - ₹2.5 Lakhs to ₹12.5 Lakhs per year
HDFC Life Team Manager Salary - ₹5.0 Lakhs to ₹8.4 Lakhs per year
Bajaj Allianz General Insurance Team Manager Salary - ₹3.3 Lakhs to ₹6.4 Lakhs per year

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 ranges between ₹69,472 per month to ₹71,257 per month in Mumbai. 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 ₹12.6 Lakhs per year for employees with experience between 4 years to 16 years. Check how did we calculate take home salary?

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SBI Life Insurance Company Team Manager Salaries in Mumbai

SBI Life Insurance Company Team Manager salary in Mumbai ranges between ₹7.5 Lakhs to ₹12.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Team Manager salaries in Mumbai

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

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

Experience wise SBI Life Insurance Company Team Manager salaries in Mumbai

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Management Trainee in Kolkata

Senior Associate in New Delhi

Senior Associate in Jaipur

Area Manager in Jalgaon

Senior Associate in Sultanpur

SBI Life Insurance Company Team Manager Salary FAQs

Tell us how to improve this page.