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SBI Life Insurance Company

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3.9

based on 3.3k 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 10.8k latest salaries

3.6

Rated by 3.3k Employees for salary and benefits

Top Departments at SBI Life Insurance Company
BFSI, Investments & Trading Sales & Business Development Customer Success, Service & Operations Marketing & Communication Finance & Accounting Human Resources + 4 more
Designation Avg Annual Salary

Business Development Manager

0 - 13 years exp. (949 salaries)
4.3 Lakhs

₹1.9 L/yr - ₹7.7 L/yr

Senior Associate

0 - 11 years exp. (532 salaries)
3.6 Lakhs

₹2.2 L/yr - ₹5.5 L/yr

Senior Business Development Executive

0 - 10 years exp. (464 salaries)
3.9 Lakhs

₹2.6 L/yr - ₹5.2 L/yr

Area Manager

6 - 18 years exp. (312 salaries)
8.8 Lakhs

₹4.6 L/yr - ₹13.5 L/yr

Agency Manager

0 - 15 years exp. (251 salaries)
3.7 Lakhs

₹2.8 L/yr - ₹5.1 L/yr

Senior Business Development Manager

4 - 14 years exp. (237 salaries)
5.4 Lakhs

₹3 L/yr - ₹8.5 L/yr

Unit Manager

0 - 10 years exp. (191 salaries)
2.9 Lakhs

₹2 L/yr - ₹4.5 L/yr

Sr BDM

3 - 12 years exp. (184 salaries)
5.4 Lakhs

₹3 L/yr - ₹8.6 L/yr

Business Development Executive

0 - 7 years exp. (175 salaries)
3 Lakhs

₹2 L/yr - ₹4.2 L/yr

Branch Manager

5 - 20 years exp. (175 salaries)
9.3 Lakhs

₹4.8 L/yr - ₹13.5 L/yr

Last Updated: 29 Feb, 2024

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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 ₹0.4 Lakhs per year for a SB Officer to ₹67.3 Lakhs per year for a Senior Vice President. Salary estimates are based on 10.8k 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 3.6/5 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 ₹67.3 Lakhs per year. The top 10% of employees earn more than ₹11.49 lakhs per year. The top 1% earn more than a whopping ₹30.02 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 ₹2.5 Lakhs per year, for Development Manager the minimum salary is ₹3.1 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 ₹0.8 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, 41% of the SBI Life Insurance Company employees reported a notice period of 1 Month, 23% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 9.9k responses on AmbitionBox in last 2 years.

Salary related reviews for SBI Life Insurance Company

Sales Support Associate in Kishanganj

Full Time

 · 

Life Insurance 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.

Work Details

Work days: Monday to Saturday (Strict Timings)

SR. Area Manager- Bancassurance(AVP) in New Delhi

Full Time

 · 

Life Insurance Department

4.0
posted on 25 Dec 2023

3.0 for Salary and Benefits

Likes

Larger Exposure to Comprehensive Products Sales & Services.Which Gives you Confidence to feel like elevated in comparison to any Other Peer Company. Dealing with Bigger Nos. As Budgets to feel proud of something .

Dislikes

The Time has come that Company must thing of Pay Revision for Employees as per Grade and Tenure of work since the Work load and No. Of Parameters has grown so drastically ,which is hard to manage with Financial desperity. Senior People must be given Some new Roles and Responsibilities to learn new Skills and Contribute towards the Overall Growth of the Company .

Work Details

Work days: Monday to Saturday (Strict Timings)

Bdm in Salem

Full Time

 · 

Life Insurance Department

1.0
posted on 06 Nov 2023

1.0 for Salary and Benefits

Likes

... My only suggestion for HRs in SBI life is please do the basic job for the salary what you are earning if not means don't purchase food or groceries for their family in that salary money

Dislikes

Manager , Management, HR in India Bank bancassurance channel if anyone joins in SBI life means carrier will lost. Please ask those who are currently working in SBI life too

Work Details

Work timings: Strict Timings

Management Trainee in Kolkata

Full Time

 · 

Retail & B2C Sales Department

3.0
posted on 02 Nov 2023

4.0 for Salary and Benefits

Likes

Salary and benefits are supportive.

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.

Work Details

Work days: Monday to Saturday (Strict Timings)

Development Manager in Jhargram

Full Time

 · 

Life Insurance Department

2.0
posted on 18 Oct 2023

1.0 for Salary and Benefits

Likes

... No work and life balance, salary are on time but no increment very pathetic salary structure. No self respect. No work time. No emotion . Daily pressure. Vary vary bad 😭

Dislikes

Every thing Accept salary on time

Work Details

Work timings: Strict Timings

see more salary related reviews

Tell us how to improve this page.

Average annual salary in SBI Life Insurance Company is INR 6.3 lakhs . Salary estimates are based on 10.8k SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.