SBI Life Insurance Company BDM Salaries by 100+ Employees (Updated 2025)

2 - 10 years exp.

₹1.9 Lakh - ₹6.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

14% less than the average BDM Salary in Insurance Companies for 2 - 10 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading BDM Salary 2 - 10 years exp. (66 salaries)	₹1.9 L/yr - ₹6.5 L/yr
Sales & Business Development BDM Salary 2 - 10 years exp. (47 salaries)	₹2.8 L/yr - ₹5.9 L/yr
Login to view exact salary
Customer Success, Service & Operations BDM Salary 2 - 10 years exp. (17 salaries)	₹2.8 L/yr - ₹5 L/yr
Marketing & Communication BDM Salary 3 - 8 years exp. (12 salaries)	₹3.3 L/yr - ₹5.5 L/yr
Finance & Accounting BDM Salary 2 - 10 years exp. (9 salaries)	₹2.5 L/yr - ₹5 L/yr

Last Updated: 29 Mar 2025

Companies similar to SBI Life Insurance Company for BDM

Company name	Avg Annual Salary	Open Jobs
HDFC Life BDM Salary 0 - 10 years exp. (167 salaries)	₹2 L/yr - ₹4.3 L/yr 23% less
SBI General Insurance BDM Salary 1 - 7 years exp. (44 salaries)	₹2 L/yr - ₹4.5 L/yr 23% less
Login to view exact salary
Bajaj Allianz Life Insurance BDM Salary 0 - 13 years exp. (26 salaries)	₹3.4 L/yr - ₹5.2 L/yr 2% less
Bajaj Allianz General Insurance BDM Salary 2 - 16 years exp. (8 salaries)	₹4 L/yr - ₹6.8 L/yr 29% more
Aditya Birla Sun Life Insurance BDM Salary 1 - 10 years exp. (7 salaries)	₹3 L/yr - ₹5.8 L/yr 6% less
Aditya Birla Health Insurance Co BDM Salary 4 - 13 years exp. (7 salaries)	₹3.3 L/yr - ₹5.5 L/yr At par
Axis Max Life Insurance BDM Salary 1 - 12 years exp. (6 salaries)	₹3.4 L/yr - ₹7.2 L/yr 17% more
Shriram Life Insurance BDM Salary 0 - 9 years exp. (6 salaries)	₹2.2 L/yr - ₹6.2 L/yr 17% less
Reliance Nippon Life Insurance BDM Salary 3 - 9 years exp. (5 salaries)	₹3.2 L/yr - ₹4.5 L/yr 14% less
Tata AIA Life Insurance BDM Salary 3 - 11 years exp. (5 salaries)	₹2.8 L/yr - ₹3.3 L/yr 33% less
ICICI Prudential Life Insurance BDM Salary 1 - 4 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 31% less
Login to view exact salary
Life Insurance Corporation of India BDM Salary 0 - 5 years exp. (4 salaries)	₹1.8 L/yr - ₹3.5 L/yr 39% less
ICICI Lombard General Insurance Company BDM Salary 4 - 10 years exp. (4 salaries)	₹1.9 L/yr - ₹6.6 L/yr 18% less
Kotak Mahindara Life Insurance BDM Salary 0 - 17 years exp. (4 salaries)	₹4.5 L/yr - ₹8.8 L/yr 57% more

BDM salary at SBI Life Insurance Company ranges between ₹1.9 Lakh to ₹6.5 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 177 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company BDM salaries

Last Updated: 29 Mar 2025

Experience	Avg Annual Salary
2 years (8 salaries)	₹1.9 L/yr - ₹5.1 L/yr
3 years (14 salaries)	₹2.5 L/yr - ₹5 L/yr
Login to view exact salary
4 years (15 salaries)	₹2.8 L/yr - ₹5.5 L/yr
5 years (42 salaries)	₹2.8 L/yr - ₹5.5 L/yr
6 years (20 salaries)	₹2.8 L/yr - ₹6 L/yr
7 years (24 salaries)	₹3.5 L/yr - ₹6.5 L/yr
8 years (24 salaries)	₹4 L/yr - ₹6 L/yr
9 years (16 salaries)	₹3.2 L/yr - ₹6.5 L/yr
10 years (14 salaries)	₹3.7 L/yr - ₹6.3 L/yr

View all

From

BDM

₹

Lakhs/yr

2 - 10 years exp.

Zonal Area Manager

₹

Lakhs/yr

14 - 21 years exp.

BDM

2 - 10 years exp.

Sr BDM

5 - 13 years exp.

27% hike

Area Manager

6 - 18 years exp.

57% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary

(539 salaries)

₹2.3 L/yr - ₹6.75 L/yr

Area Manager Salary

(221 salaries)

₹4.6 L/yr - ₹14.26 L/yr

Business Development Executive Salary

(180 salaries)

₹2 L/yr - ₹4.5 L/yr

Associate Vice President Salary

(172 salaries)

₹9 L/yr - ₹36.03 L/yr

Unit Manager Salary

(116 salaries)

₹2 L/yr - ₹4.3 L/yr

Operations Associate Salary

(107 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Senior Associate Operations Salary

(85 salaries)

₹2.35 L/yr - ₹5.5 L/yr

Sales Support Associate Salary

(63 salaries)

₹1 L/yr - ₹3.6 L/yr

Sales Executive Salary

(56 salaries)

₹1 L/yr - ₹4.7 L/yr

Financial Advisor Salary

(47 salaries)

₹0.65 L/yr - ₹4.05 L/yr

Salary related reviews for SBI Life Insurance Company

3.6

Rated by 42 employees for salary & benefits

BDM in Salem

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 06 Nov 2023

1.0

for Salary and Benefits

Likes

...east HRs are doing basic work means many candidates carrier will not get spoil. 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

Salary - Bad

+6 more

Sales Support Associate in Kishanganj

Full Time

BFSI, Investments & Trading 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.

Salary - Bad

+4 more

Management Trainee in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 02 Nov 2023

4.0

for Salary and Benefits

Likes

Salary and benefits are supportive.

Salary - Good

+1 more

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.

Skill development - Poor

+4 more

Business Development Executive in Gangtok

Full Time

Marketing & Communication Department

4.0

• posted on 13 Sep 2023

5.0

for Salary and Benefits

Likes

very good company with good oppurtunities and good pay

Salary - Excellent

+4 more

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

Job security - Poor

Senior Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 May 2022

3.0

for Salary and Benefits

Likes

Average work environment and culture . Teammates are supportive and the management is selfish. Company policies are bad . Appraisals not fair in this company.

Job security - Good

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is very slow

Work satisfaction - Poor

+2 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

89 participants . expiring in 2d

Got a question about SBI Life Insurance Company?

Ask anonymously on communities.

SBI Life Insurance Company BDM Salary FAQs

What is the salary of BDM at SBI Life Insurance Company ?

The average salary of a BDM at SBI Life Insurance Company in India typically ranges from ₹1.9 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of BDM at SBI Life Insurance Company earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹6.4 Lakhs per year. BDM Salaries at SBI Life Insurance Company 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 100+ SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a BDM at SBI Life Insurance Company in India typically ranges from ₹33,568 to ₹34,829 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 2 years to 10 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 100+ salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI Life Insurance Company for BDM in India?

Kotak Mahindara Life Insurance	₹4.5 Lakhs to ₹8.8 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

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

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

The salary of a BDM at companies similar to SBI Life Insurance Company 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
Reliance Nippon Life Insurance	₹3.2 Lakhs to ₹4.5 Lakhs per year
Shriram Life Insurance	₹2.2 Lakhs to ₹6.2 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 SBI Life Insurance Company in India?

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

Experience	Average Salary Range
2 years	₹1.9 Lakhs to ₹5.1 Lakhs per year
3 years	₹2.5 Lakhs to ₹5.0 Lakhs per year
4 years	₹2.8 Lakhs to ₹5.5 Lakhs per year
5 years	₹2.8 Lakhs to ₹5.5 Lakhs per year

and so on.

Tell us how to improve this page.

SBI Life Insurance Company BDM Salaries by Location

Home >
Salaries >
SBI Life Insurance Company Salaries >
SBI Life Insurance Company BDM Salaries

SBI Life Insurance Company BDM salary in India ranges between ₹1.9 Lakh to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 177 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company BDM salaries in India (Updated 2025)

Companies similar to SBI Life Insurance Company for BDM

Latest annual salaries shared by SBI Life Insurance Company BDM

Experience wise SBI Life Insurance Company BDM salaries

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

BDM in Salem

Sales Support Associate in Kishanganj

Management Trainee in Kolkata

Business Development Executive in Gangtok

Senior Associate in New Delhi

SBI Life Insurance Company BDM Salary FAQs

Tell us how to improve this page.

SBI Life Insurance Company BDM Salaries by Location