SBI Life Insurance Company Vice President Sales Salaries by 3 Employees (Updated 2025)

16 - 18 years exp.

₹35 Lakhs - ₹37.5 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

20% less than the average Vice President Sales Salary in Insurance Companies for 16 - 18 years of experience

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Salaries in different departments

Sales & Business Development Vice President Sales Salary 17 - 18 years exp. (AmbitionBox Estimate)	₹35 L/yr - ₹37.5 L/yr
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BFSI, Investments & Trading Vice President Sales Salary 16 years exp. (AmbitionBox Estimate)	₹33.8 L/yr - ₹41.3 L/yr

Last Updated: 28 Jan 2025

Companies similar to SBI Life Insurance Company for Vice President Sales

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Vice President Sales Salary 16 - 23 years exp. (6 salaries)	₹21.2 L/yr - ₹50 L/yr 3% more
Bajaj Allianz Life Insurance Vice President Sales Salary 22 - 25 years exp. (5 salaries)	₹14.9 L/yr - ₹50 L/yr 1% less
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HDFC Life Vice President Sales Salary 9 - 19 years exp. (5 salaries)	₹11.4 L/yr - ₹52.8 L/yr 17% less
Kotak Mahindara Life Insurance Vice President Sales Salary 21 - 26 years exp. (5 salaries)	₹34 L/yr - ₹45 L/yr 4% more
Tata AIA Life Insurance Vice President Sales Salary 20 - 21 years exp. (3 salaries)	₹55 L/yr - ₹60 L/yr 58% more
Star Health & Allied Insurance Vice President Sales Salary 15 - 30 years exp. (3 salaries)	₹45 L/yr - ₹75 L/yr 50% more

Vice President Sales salary at SBI Life Insurance Company ranges between ₹35 Lakhs to ₹37.5 Lakhs per year for employees with experience between 16 years to 18 years. Salary estimates are based on 3 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Vice President Sales salaries

Last Updated: 28 Jan 2025

Experience	Avg Annual Salary
15+ years (3 salaries)	₹35 L/yr - ₹37.5 L/yr
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Similar Designation salaries in SBI Life Insurance Company

Senior Vice President Salary

(6 salaries)

₹45 L/yr - ₹112 L/yr

General Manager Sales Salary

(AmbitionBox Estimate)

₹47.5 L/yr - ₹52.5 L/yr

General Manager Salary

(AmbitionBox Estimate)

₹0.5 L/yr - ₹0.6 L/yr

Sales Manager Salary

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₹1.2 L/yr - ₹5.6 L/yr

Zonal Sales Manager Salary

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₹18 L/yr - ₹30 L/yr

Associate Vice President Salary

(171 salaries)

₹9 L/yr - ₹36.04 L/yr

Assistant Vice President Salary

(7 salaries)

₹17 L/yr - ₹22.48 L/yr

Regional Manager Salary

(8 salaries)

₹30 L/yr - ₹39.09 L/yr

Regional Head Salary

(4 salaries)

₹10 L/yr - ₹12 L/yr

National Sales Manager Salary

(AmbitionBox Estimate)

₹10.7 L/yr - ₹13.7 L/yr

Salary related reviews for SBI Life Insurance Company

Business Development Manager in Deoghar

Full Time

Marketing & Communication Department

5.0

• posted on 30 Jan 2025

2.0

for Salary and Benefits

Likes

Very good policy, good Behaviour from all senior Management.

Skill development - Good

+3 more

Dislikes

I am working from last 8 year but my salary is very low. If someone working is in other companies and they switched from there to here they are getting good CTC. If you are working in good location and if your assign branch and branch manager is good so you can get promotion but if you not working in good location or your assign branch is not good it's very deficit to get promotion.

Salary - Poor

Business Development Manager in Rajkot

Full Time

Sales & Business Development Department

3.0

• posted on 01 Feb 2023

2.0

for Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

Official working days me bhi office bulate hain aur bill pay nahi karte hain personal life jaish kuchh nahi rehta hain aur morning 7:00am zoom start kar dete hain

Salary - Poor

+6 more

Business Development Manager in Jaipur

Full Time

Sels Department

5.0

• posted on 12 Apr 2021

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 good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Business Development Manager in Work Form Bank And Field

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 25 Sep 2023

1.0

for Salary and Benefits

Likes

Only Job Security,

Job security - Good

Dislikes

...hear from long time. Only due to not get any increment I have left the job..... You will hire new persons on higher package but you won't retain ur old employes on giving them some litter bit hike or increment. My humble request to you that plz take care of your old employes who are working on lower package or CTC, from long time...plz don't force them to leave the job due to lower Package... And plz start Rehiring. Lots of old employes are ready to work with sbilife Again.🙏

Salary - Bad

+3 more

Business Development Manager in Bangalore / Bengaluru

Sales Department

1.0

• posted on 12 May 2022

5.0

for Salary and Benefits

Likes

Salary before month end Brand Reputation

Salary - Excellent

+1 more

Dislikes

No personal life satisfaction Terrible AM behavior No felicitation No recognition Poor plans and costly Pressure will come like he'll If channel partners not supported even though we've to do business.. Less customer service at channel partner

Skill development - Poor

+2 more

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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 Vice President Sales Salary FAQs

How the salary growth look like for a Vice President Sales at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
15 years	₹35.0 Lakhs to ₹37.5 Lakhs per year

and so on.

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SBI Life Insurance Company Vice President Sales Salaries

SBI Life Insurance Company Vice President Sales salary in India ranges between ₹35 Lakhs to ₹37.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.