SBI Life Insurance Company Mumbai Unit Manager Salaries by 5 Employees

0 - 10 years exp.

₹2.5 Lakhs - ₹3.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

44% less than the average Unit Manager Salary in Insurance Companies for 0 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Unit Manager Salary Fresher (AmbitionBox Estimate)	₹2.5 L/yr - ₹2.6 L/yr
Human Resources Unit Manager Salary 2 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.4 L/yr
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Marketing & Communication Unit Manager Salary 2 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.2 L/yr
Sales & Business Development Unit Manager Salary 10 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.6 L/yr

Last Updated: 15 Mar 2023

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

SBI Life Insurance Company Unit Manager Salary

0 - 10 years exp. (5 salaries)

₹2.5 L/yr - ₹3.6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Unit Manager Salary 0 - 5 years exp. (92 salaries)	₹2 L/yr - ₹4 L/yr 10% more	57 job openings
ICICI Lombard General Insurance Company Unit Manager Salary 1 - 7 years exp. (8 salaries)	₹4 L/yr - ₹6.2 L/yr 78% more
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ICICI Bank Unit Manager Salary 2 - 12 years exp. (34 salaries)	₹5 L/yr - ₹8.9 L/yr 139% more
Niva Bupa Health Insurance Company Unit Manager Salary 0 - 9 years exp. (20 salaries)	₹2.8 L/yr - ₹3.8 L/yr 15% more	1 job opening
HDFC Asset Management Company Unit Manager Salary 0 - 3 years exp. (18 salaries)	₹2.8 L/yr - ₹4 L/yr 23% more

Unit Manager salary at SBI Life Insurance Company ranges between ₹2.5 Lakhs to ₹3.6 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Unit Manager salaries in Mumbai

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
1 year (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
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2 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
3 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
5 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
6 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
7 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
8 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
9 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
10 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr

View all

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Sales Executive Salary

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Senior Associate Operations Salary

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₹3 L/yr - ₹5.2 L/yr

BDM Salary

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₹4 L/yr - ₹6 L/yr

Top skills at SBI Life Insurance Company for Unit Manager

Life Insurance Insurance Communication Skills Presentation Skills Sales

Salary related reviews for SBI Life Insurance Company

Unit Manager in Itanagar

Other Department

2.0

• posted on 15 Oct 2019

1.0

for Salary and Benefits

Likes

Worst experience

Dislikes

Worst experience, low salary with a hectic working schedule, no time for self. Experience matters here not your qualifications that’s why most of the reporting manager are not worth the post

Salary - Bad

+6 more

Unit Manager in Chandigarh

agency Department

2.0

• posted on 13 May 2018

1.0

for Salary and Benefits

Likes

good facility by hr

Skill development - Excellent

Dislikes

not good package. expectations are very high if you will achive your targets than also, sr dsm thinks like junior staff foolish:- abuses me, no support, seniors can say anything but they are not ready to listen you , i was in agency channel in sales in chandigarh location, paying small salary giving instructions like show your profile you are earning more, with small salary expectations are :- do the party with advisors, drink with them and do more expenses from your salary. forgot your family

Salary - Bad

+5 more

Sales Support Associate in Kishanganj

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 17 Jan 2024

1.0

for Salary and Benefits

Likes

Even though the salary in this company is very less as per the work, the salary is paid on time.

Dislikes

In today's times, it is important to work to support my family properly, hence I give my 100% to this company so that someday my salary will increase but after working for more than 1 year, I am realizing that It is very difficult to move forward, here we have to work till late night due to which we are not able to give time to our family, and even after doing so much work, we get very low salary so that I cannot support my family properly. I don't know how to do it, even after working for more than 14 hours every day, I don't get any bonus also.

Salary - Bad

+4 more

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

Business Development Executive in Gangtok

Full Time

Marketing & Communication Department

4.0

• posted on 13 Sep 2023

5.0

for Salary and Benefits

Likes

very good company with good oppurtunities and good pay

Salary - Excellent

+4 more

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

Job security - Poor

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Salary Discussions, Hike & Promotions

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?

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SBI Life Insurance Company Unit Manager Salary FAQs

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

The average salary of a Unit Manager at SBI Life Insurance Company in Mumbai typically ranges from ₹2.5 Lakhs to ₹3.6 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Unit Manager in Mumbai at SBI Life Insurance Company earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Unit 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 5 SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Unit Manager at SBI Life Insurance Company in Mumbai typically ranges from ₹20,375 to ₹22,032 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from Fresher to 10 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.

What are the key skills required to be a Unit Manager at SBI Life Insurance Company in Mumbai?

To be a Unit Manager at SBI Life Insurance Company in Mumbai, the key skills required include:

- Life Insurance
- Insurance
- Communication Skills
- Presentation Skills
- Sales

These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than SBI Life Insurance Company for Unit Manager in India?

ICICI Bank	₹5.0 Lakhs to ₹8.9 Lakhs per year
ICICI Lombard General Insurance Company	₹4.0 Lakhs to ₹6.2 Lakhs per year
HDFC Asset Management Company	₹2.8 Lakhs to ₹4.0 Lakhs per year
Niva Bupa Health Insurance Company	₹2.8 Lakhs to ₹3.8 Lakhs per year
ICICI Prudential Life Insurance	₹2.0 Lakhs to ₹4.0 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.

How the salary growth look like for a Unit Manager at SBI Life Insurance Company in Mumbai?

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

Experience	Average Salary Range
Fresher	₹2.6 Lakhs to ₹3.3 Lakhs per year
1 year	₹2.6 Lakhs to ₹3.3 Lakhs per year
2 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
3 years	₹2.6 Lakhs to ₹3.3 Lakhs per year

and so on.

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SBI Life Insurance Company Unit Manager Salaries in Mumbai

SBI Life Insurance Company Unit Manager salary in Mumbai ranges between ₹2.5 Lakhs to ₹3.6 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.