Life Insurance Corporation of India BDM Salaries by 4 Employees (Updated 2025)

0 - 5 years exp.

₹1.8 Lakh - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

48% less than the average BDM Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading BDM Salary 0 - 5 years exp. (3 salaries)	₹1.8 L/yr - ₹3.5 L/yr
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Finance & Accounting BDM Salary 5 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.4 L/yr

Last Updated: 12 Oct 2024

Companies similar to Life Insurance Corporation of India for BDM

Company name	Avg Annual Salary	Open Jobs
HDFC Life BDM Salary 0 - 8 years exp. (182 salaries)	₹2.2 L/yr - ₹4.5 L/yr 25% more
ICICI Prudential Life Insurance BDM Salary 1 - 4 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 11% more
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SBI Life Insurance Company BDM Salary 2 - 10 years exp. (179 salaries)	₹2.2 L/yr - ₹6.5 L/yr 68% more
Max Life Insurance BDM Salary 5 - 12 years exp. (6 salaries)	₹3.5 L/yr - ₹7.2 L/yr 97% more
Bajaj Allianz Life Insurance BDM Salary 0 - 13 years exp. (28 salaries)	₹3.4 L/yr - ₹5.2 L/yr 61% more
Kotak Mahindara Life Insurance BDM Salary 0 - 17 years exp. (4 salaries)	₹4.5 L/yr - ₹8.8 L/yr 159% more
Reliance Nippon Life Insurance BDM Salary 3 - 9 years exp. (5 salaries)	₹3.2 L/yr - ₹4.5 L/yr 41% more
Tata AIA Life Insurance BDM Salary 3 - 11 years exp. (5 salaries)	₹2.8 L/yr - ₹3.3 L/yr 10% more
Aditya Birla Health Insurance Co BDM Salary 4 - 13 years exp. (7 salaries)	₹3.3 L/yr - ₹5.5 L/yr 64% more
Bajaj Allianz General Insurance BDM Salary 2 - 16 years exp. (8 salaries)	₹4 L/yr - ₹6.8 L/yr 113% more
Care Health Insurance BDM Salary 4 - 15 years exp. (6 salaries)	₹5.5 L/yr - ₹12.5 L/yr 237% more
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ICICI Lombard General Insurance Company BDM Salary 4 - 10 years exp. (4 salaries)	₹1.9 L/yr - ₹6.6 L/yr 35% more
Cholamandalam MS General Insurance BDM Salary 4 - 8 years exp. (4 salaries)	₹2.8 L/yr - ₹10 L/yr 156% more

BDM salary at Life Insurance Corporation of India ranges between ₹1.8 Lakh to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India BDM salaries

Last Updated: 12 Oct 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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5 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr

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Salary related reviews for Life Insurance Corporation of India

Development Officer in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

5.0

• posted on 21 Sep 2023

3.0

for Salary and Benefits

Likes

Job Performing Flexibility.

Job security - Excellent

+3 more

Dislikes

...e Teams. 2. Other benefits, which are not upto the standards or satisfaction. 3. No Festival bonuses/ annual bonuses. 4. No Family bonus 5. No clarity about Pension

Promotions - Poor

Development Officer in Mumbai

Full Time

Sales & Business Development Department

1.0

• posted on 20 Feb 2023

3.0

for Salary and Benefits

Likes

Good company in terms of the pay and benefits, but at a heavy price.

Dislikes

All the rules and restrictions/punishment are imposed only on class 2 officers of the organisation. Targets are imposed only on development officers.

Skill development - Poor

+5 more

Development Officer in Birbhum

Full Time

Sales & Business Development Department

3.0

• posted on 31 Oct 2022

4.0

for Salary and Benefits

Likes

Daispora of LICI. Salary and Perks. Free to work.

Salary - Good

+1 more

Dislikes

No job security at ADO/PDO post. Work life balance (what is it ?). Forget about help from colleague. If you are from sound and wealthy background just dive in.

Job security - Bad

+4 more

Agent Advisor in Khatauli

Part Time

BFSI, Investments & Trading Department

5.0

• posted on 18 Oct 2023

4.0

for Salary and Benefits

Likes

Self defined working hours with dignity and job security. More you work more you earn just like business. No fraudulent on system level. It's cool to work with world biggest life insurance company as I think it is.

Salary - Good

+6 more

Dislikes

Salary is not being provided to the agent as they work hard and fail some time to get new business. One more thing to be addressed is all services should be available at all office for the agent as collect the required forms, and to submit loan,neft request for the client benefit.

LIC Agent in Visakhapatnam

Part Time

BFSI, Investments & Trading Department

5.0

• posted on 13 Oct 2023

4.0

for Salary and Benefits

Likes

You are always thinking about the lic customers and give importance to the customers and immediately settlement option after policy maturity.l like that

Salary - Good

+6 more

Dislikes

...es and more benefits from mutual fund.So many people thinking this long period . some people I loss my money from lic ,we have to pay two years but they are not giving back my money.this is my survey till now.

see more salary related reviews

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Salary Discussions, Hike & Promotions

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Life Insurance Corporation of India BDM Salary FAQs

What is the salary of BDM at Life Insurance Corporation of India?

BDM salary at Life Insurance Corporation of India in India ranges between ₹1.8 Lakhs to ₹3.5 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 48% less than the average BDM Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Life Insurance Corporation of India India.

How does the salary of a BDM at Life Insurance Corporation of India India compare with the average salary range for this job?

The average salary of a BDM at Life Insurance Corporation of India is 48% less than the average salary of a BDM in India. To know exact salary insights, login to view.

Which similar companies are paying more than Life Insurance Corporation of India to a BDM in India?

Care Health Insurance BDM Salary - ₹5.5 Lakhs to ₹12.5 Lakhs per year
Kotak Mahindara Life Insurance BDM Salary - ₹4.5 Lakhs to ₹8.8 Lakhs per year
Cholamandalam MS General Insurance BDM Salary - ₹2.8 Lakhs to ₹10.0 Lakhs per year
Bajaj Allianz General Insurance BDM Salary - ₹4.0 Lakhs to ₹6.8 Lakhs per year
Max Life Insurance BDM Salary - ₹3.5 Lakhs to ₹7.2 Lakhs per year

What is the salary of a BDM in companies similar to Life Insurance Corporation of India in India?

SBI Life Insurance Company BDM Salary - ₹2.2 Lakhs to ₹6.5 Lakhs per year
Aditya Birla Health Insurance Co BDM Salary - ₹3.3 Lakhs to ₹5.5 Lakhs per year
Bajaj Allianz Life Insurance BDM Salary - ₹3.4 Lakhs to ₹5.2 Lakhs per year
Reliance Nippon Life Insurance BDM Salary - ₹3.2 Lakhs to ₹4.5 Lakhs per year
ICICI Lombard General Insurance Company BDM Salary - ₹1.9 Lakhs to ₹6.6 Lakhs per year

What is the estimated take home salary of a BDM at Life Insurance Corporation of India in India?

The estimated take-home salary of a BDM at Life Insurance Corporation of India ranges between ₹19,490 per month to ₹21,161 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India BDM salary in India which ranges between ₹1.8 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

What is the notice period for BDM at Life Insurance Corporation of India?

According to AmbitionBox, 100% of the Life Insurance Corporation of India BDMs reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

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Life Insurance Corporation of India BDM Salaries

Life Insurance Corporation of India BDM salary in India ranges between ₹1.8 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.