Life Insurance Corporation of India BDM Salaries by 4 Employees

0 - 5 years exp.

₹1.8 Lakh - ₹3.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

47% 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
SBI Life Insurance Company BDM Salary 2 - 10 years exp. (177 salaries)	₹1.9 L/yr - ₹6.5 L/yr 64% more
HDFC Life BDM Salary 0 - 10 years exp. (167 salaries)	₹2 L/yr - ₹4.3 L/yr 25% more
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Bajaj Allianz Life Insurance BDM Salary 0 - 13 years exp. (26 salaries)	₹3.4 L/yr - ₹5.2 L/yr 60% more
Bajaj Allianz General Insurance BDM Salary 2 - 16 years exp. (8 salaries)	₹4 L/yr - ₹6.8 L/yr 112% more
Aditya Birla Sun Life Insurance BDM Salary 1 - 10 years exp. (7 salaries)	₹3 L/yr - ₹5.8 L/yr 54% more
Aditya Birla Health Insurance Co BDM Salary 4 - 13 years exp. (7 salaries)	₹3.3 L/yr - ₹5.5 L/yr 64% more
Axis Max Life Insurance BDM Salary 1 - 12 years exp. (6 salaries)	₹3.4 L/yr - ₹7.2 L/yr 94% more
Shriram Life Insurance BDM Salary 0 - 9 years exp. (6 salaries)	₹2.2 L/yr - ₹6.2 L/yr 36% more
Reliance Nippon Life Insurance BDM Salary 3 - 6 years exp. (4 salaries)	₹3.2 L/yr - ₹4 L/yr 32% more
Tata AIA Life Insurance BDM Salary 3 - 11 years exp. (5 salaries)	₹2.8 L/yr - ₹3.3 L/yr 10% more
ICICI Prudential Life Insurance BDM Salary 1 - 4 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 13% 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
Kotak Mahindara Life Insurance BDM Salary 0 - 17 years exp. (4 salaries)	₹4.5 L/yr - ₹8.8 L/yr 157% 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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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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Life Insurance Corporation of India BDM Salary FAQs

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

The average salary of a BDM at Life Insurance Corporation of India in India typically ranges from ₹1.8 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of BDM at Life Insurance Corporation of India earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. BDM Salaries at Life Insurance Corporation of India can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Life Insurance Corporation of India employees in India.

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 in India typically ranges from ₹19,490 to ₹21,161 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher to 5 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Life Insurance Corporation of India. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Life Insurance Corporation of India for BDM in India?

Kotak Mahindara Life Insurance	₹4.5 Lakhs to ₹8.8 Lakhs per year
Cholamandalam MS General Insurance	₹2.8 Lakhs to ₹10.0 Lakhs per year
Bajaj Allianz General Insurance	₹4.0 Lakhs to ₹6.8 Lakhs per year
Axis Max Life Insurance	₹3.4 Lakhs to ₹7.2 Lakhs per year
SBI Life Insurance Company	₹1.9 Lakhs to ₹6.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Life Insurance Corporation of India, depending on the role and experience level.

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

The salary of a BDM at companies similar to Life Insurance Corporation of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Health Insurance Co	₹3.3 Lakhs to ₹5.5 Lakhs per year
Bajaj Allianz Life Insurance	₹3.4 Lakhs to ₹5.2 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.0 Lakhs to ₹5.8 Lakhs per year
Shriram Life Insurance	₹2.2 Lakhs to ₹6.2 Lakhs per year
ICICI Lombard General Insurance Company	₹1.9 Lakhs to ₹6.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a BDM at Life Insurance Corporation of India in India?

The salary growth for a BDM at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a BDM can expect the following growth trajectory at Life Insurance Corporation of India:

Experience	Average Salary Range
Fresher	₹1.6 Lakhs to ₹2.1 Lakhs per year
4 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
5 years	₹2.6 Lakhs to ₹3.3 Lakhs per year

and so on.

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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.