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SBI Life Insurance Company

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3.8

based on 2.8k Reviews

HQ - Mumbai, Maharashtra, India Insurance 10k-50k Employees (India) Financial Services
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SBI Life Insurance Company Salaries in India

based on 10k latest salaries

3.5

Rated by 2.8k Employees for salary and benefits

Top Departments at SBI Life Insurance Company
Designation Average Salary
Yearly arrow-down

Business Development Manager

Experience: 0 - 13 yrs (793 Salaries)
₹ 4,53,050/year

(₹1.9L/yr - ₹7.7L/yr)

Senior Associate

Experience: 0 - 12 yrs (495 Salaries)
₹ 3,93,338/year

(₹2.0L/yr - ₹5.8L/yr)

Senior Business Development Executive

Experience: 0 - 10 yrs (404 Salaries)
₹ 3,97,985/year

(₹2.2L/yr - ₹5.5L/yr)

Business Development Executive

Experience: 0 - 6 yrs (316 Salaries)
₹ 3,02,223/year

(₹2.0L/yr - ₹4.4L/yr)

Senior Business Development Manager

Experience: 4 - 14 yrs (217 Salaries)
₹ 5,77,743/year

(₹3.0L/yr - ₹8.6L/yr)

Agency Manager

Experience: 0 - 15 yrs (201 Salaries)
₹ 3,69,594/year

(₹2.7L/yr - ₹4.8L/yr)

Area Manager

Experience: 7 - 18 yrs (196 Salaries)
₹ 8,95,729/year

(₹4.6L/yr - ₹13.2L/yr)

Sr BDM

Experience: 3 - 12 yrs (184 Salaries)
₹ 5,29,953/year

(₹3.0L/yr - ₹8.0L/yr)

Insurance Adviser

Experience: 0 - 6 yrs (179 Salaries)
₹ 2,54,917/year

(₹20.0K/yr - ₹5.4L/yr)

Unit Manager

Experience: 2 - 10 yrs (171 Salaries)
₹ 3,02,373/year

(₹2.0L/yr - ₹4.5L/yr)

Last Updated: 29 Sep, 2023

SBI Life Insurance Company Salary FAQs

How much does SBI Life Insurance Company pay per year?
The average SBI Life Insurance Company salary ranges from approximately ₹0.2 Lakhs per year for a Office Staff to ₹58.3 Lakhs per year for a Senior Vice President. Salary estimates are based on 10k SBI Life Insurance Company salaries received from various employees of SBI Life Insurance Company. SBI Life Insurance Company employees rate the overall salary and benefits package 3.5/5 stars.
What is the highest salary in SBI Life Insurance Company?
The highest-paying job at SBI Life Insurance Company is a Senior Vice President with a salary of ₹58.3 Lakhs per year. The top 10% of employees earn more than ₹11.14 lakhs per year. The top 1% earn more than a whopping ₹30 lakhs per year.
What is the minimum salary in SBI Life Insurance Company?
Minimum salary at SBI Life Insurance Company depends on the role you are applying for. For Associate the minimum salary is ₹2.4 Lakhs per year, for Business Development Executive the minimum salary is ₹3.0 Lakhs per year and so on.
What is the salary package for freshers in SBI Life Insurance Company?
The average salary at SBI Life Insurance Company for freshers varies from ₹0.9 Lakhs per year for Tele Caller to ₹7.7 Lakhs per year for Assistant Manager. View Fresher Salaries at SBI Life Insurance Company
What is the notice period at SBI Life Insurance Company?
According to AmbitionBox, 44% of the SBI Life Insurance Company employees reported a notice period of 1 Month, 22% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 9.5k responses on AmbitionBox in last 2 years.

Reviews which talk about salary at SBI Life Insurance Company

Business Development Manager in Work Form Bank And Field

Full Time

 · 

Life Insurance Department

3.0
posted on 25 Sep 2023

1.0 for Salary and Benefits

Likes

Only Job Security,

Dislikes

... 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.🙏

Work Details

Work days: Monday to Saturday (Strict Timings)

Development Manager in Chikkaballapur, Karnataka

Full Time

 · 

Life Insurance Department

5.0
posted on 05 Aug 2023

5.0 for Salary and Benefits

Likes

Good company banded n work culture is very good company provide salary before 31st to motivate employees

Dislikes

As its a sales profile it involves pressure n one more thing us as v appoint advisors advisors won't work only DM should work n give benefits to the lm sone lms are only for fulfilling job criteria 90% LM job is going to be done by DM only

Work Details

Work timings: Flexible Timings

Area Sales Manager in Vijayawada, Andhra Pradesh

Full Time

 · 

Life Insurance Department

5.0
posted on 05 Aug 2023

5.0 for Salary and Benefits

Likes

I am so Proud to say Working this organisation last 4years. i got a two promotions last two years.

Dislikes

I expecting Long time Vintage Employes Expect Minimum Salary hike. because Now a days out side companies giving a more salary hikes Vintage persons so Our Company giving a minimum hikes of Vintage Employes it will so benefit and no one live Our Company.

Work Details

Work days: Monday to Saturday (Strict Timings)

Operation Officer in Dehradun, Uttarakhand

Full Time

 · 

Operations Department

1.0
posted on 08 Jul 2023

1.0 for Salary and Benefits

Likes

Salary is credited on time. Office ambience is good

Dislikes

There is no work life balance in the company. There is huge salary gap in sales and operations. Work load is unevenly distributed between male and female employees. There is overtime on regular basis and male employees are forced to work overtime and times cooercive language is used. KRA is not properly set and you don't know on which basis you will be rated. Reporting manager is free to use any misappropriate language and HR manager completely support any misdeeds of managers and does every best to supress your complaint.

Work Details

Work days: Monday to Saturday (Strict Timings)

Agency Manager in Hyderabad/Secunderabad, Telangana

Full Time

 · 

Retail & B2C Sales Department

1.0
posted on 27 Jun 2023

1.0 for Salary and Benefits

Likes

Good organisation for learning Training provide by that organisation is very good Customer service is nice Chain of branch is very good..

Dislikes

...They earn 6 digit salary and lower staff salary is only 20k... promote product Boucher to investment own money...mea If you join that organisation get ready for so much pressure with low salary

Work Details

Work timings: Flexible Timings

Work related travel: This job involves Travel Within City.

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Tell us how to improve this page.

Average annual salary in SBI Life Insurance Company is INR 6.1 lakhs . Salary estimates are based on 10k SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.