SBI Life Insurance Careers At SBI Life Insurance, they provide financial solutions for individuals and families. We help people take control of their futures by providing them with peace of mind through protection and security.
Being in the right place at the right time is more important than ever before. And this applies to careers too. If you want to be successful in your chosen career, it’s essential that you know what opportunities are out there.
What are the benefits of working at SBI Life Insurance?
In SBI Life Insurance Careers every day you will have an opportunity to help others achieve their dreams by delivering the right solutions to empower them today and tomorrow. You will be part of a company that values family, integrity, collaboration, innovation, responsibility, and accountability while delighting customers in all aspects of our business every day.
This post will take a look at careers with SBI Life Insurance. As well as provide information on the company, locations, available positions, interview process, salary range, and final advice.
What is SBI Life Insurance?
SBI Life Insurance is one of the most well-known private insurers in India and offers insurance products for individuals and corporate customers. However, SBI Life Insurance is a registered company under Section 25 of the Income Tax Act, 1961. Therefore, the company commenced its business on 24th February 1963. However, it is a wholly-owned subsidiary of the State Bank of India. Therefore, the company operates through two divisions – marketing and underwriting. However, the company was incorporated as the State Bank of India General Insurance Company Limited in 1963.
When one starts searching for employment opportunities related to their life insurance expertise, there are many avenues that may be pursued. Many of these opportunities require job candidates to apply through online systems.
What is the salary in SBI Life Insurance?
This is a question that has been asked by many people in and out of India. However, SBI Life Insurance Company Limited is an Indian insurance company based in Mumbai, Maharashtra. Therefore, it has been ranked as the fourth largest life insurance provider globally by Forbes magazine. The entire history of this company dates back to 1876.
| Job Title | Range | Average |
| Marketing Manager | Range:₹218k – ₹1m | Average:₹507,634 |
| Area Sales Manager | Range:₹355k – ₹2m (Estimated *) | Average:₹860,578 |
| Unit Manager | Range:₹185k – ₹551k (Estimated *) | Average:₹312,910 |
| Relationship Manager | Range:₹187k – ₹699k (Estimated *) | Average:₹365,987 |
Is SBI Life Insurance a government job?
No, SBI Life Insurance is a private company that commenced operations as a joint venture between BNP Paribas Cardiff. A French financial services provider and multinational bank headquartered in Paris, and State Bank of India – the biggest financial service provider and the state-owned bank in India.
Can I get ‘free’ health insurance by becoming a SBI Life employee?
You cannot avail any ‘free’ health insurance scheme by becoming an SBI Life employee.
SBI Life Insurance is a joint venture between two of India’s largest banks – State Bank of India and BNP Paribas Cardiff (BNPP). Therefore, it was incorporated in the year 2007. The company, which started as a 100% foreign investor-owned entity, has been converted into a joint venture due to the regulations of Reserve Bank of India. Today, SBI Life is one of the top private insurers in India with assets worth more than Rs. 1000 crores.
SBI Life Insurance job Vacancy 2022:
Current vacancies:
- Development Manager Group- Retail Agency Sales
- Branch Manager Group
- Business Development Group – Bancassurance
| Name of Organization: State Bank of India Life Insurance
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| Post Name: Area Manager, Assistant Manager, Branch Manager, Business Development Group, Clerk, Agent, Executive Officer, Engineer, System Engineer, Administrative, Assistant, Computer Operator, Non-Executive |
| Official Website: www.sbilife.co.in
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| Apply Now: https://www.sbilife.co.in/careers_applynow
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What is the Selection Procedure for SBI Life Insurance Unit Manager?
The selection procedure for SBI Life Insurance Unit Manager for SBI Life Insurance Careers is the application process to apply for a position as the company’s manager of a branch office. People applying need to be acquainted with the state’s laws on insurance, general knowledge of health and life insurance, and at least three years of experience in the profession.
Applicants must also submit an application form including personal information like age, sex, year of birth, nationality and contact details which will be examined by assessors.
The qualification for SBI Life Insurance:
For SBI Life Insurance Careers Candidates should have completed Any Graduate and does not consider anything less than the given criteria. Therefore, additional certification would be given preference. Therefore, master degree holders will be given higher preference over graduates. Also those who have cleared CA-ICWA, CS-CMA, ICWAI, ICAI are eligible for probationary officer cadre posts.
Salary:
In SBI Life Insurance Careers the salary is determined by the experience, position and location of an employee. Therefore their starting salary is Rs. 5200 – 20700/-. However, the salary is raised as per seniority. The freshers located in Mumbai will receive a comparatively higher starting salary. Than those located in other regions such as Delhi, Kolkata etc. Therefore, employees who enter into service after completing probation period will get entry level grade pay of Rs. 5200/- (Level-1).
Age limit:
18-28 years (as on 01-07-2018) for OC candidates and 18-32 years(as on 01-07-2018) for SC/ST candidates. Hence, age relaxation will be applicable as per rules.
Exam pattern and syllabus:
The exam is based on objective-type questions. Therefore, the pattern of the examination will be similar to that of bank exams conducted in India. Like SBI PO, IBPS PO etc. However, there is no negative marking in the case of wrong answers. Theoretically, candidates have to score at least 50% marks to pass the examination. Therefore, by default, candidates are not given any time for answering questions. If they do not answer any question, then their papers are treat as having zero marks. Only by answering more than 50% questions may a candidate be consider eligible and pass in the examinations.
Exam result:
The result will declare only after the official test is over. However, the result will publish on the official website of SBI Life insurance.
Admit Card:
The admit card will be available to download from the official website. As well as, the admit card contains all the necessary details. Therefore, like exam center name and address, roll number, candidate’s name, etc. Therefore, for SBI Life Insurance Careers candidates must bring their original identity proof. As well as one copy of photo identification proof to appear for the examination.
Fee detail:
The application fee charged for this examination is Rs. 1000/-.
Selection process:
The selection for SBI Life Insurance Careers is based on the performance of the candidates in written examination. The following are the parameters to be consider. However, how long candidates have been working in a bank, number of years experience and age. Therefore, the only criteria is write examination and interview. Overall performance will be consider while selecting candidates for the bank’s executives.