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

2 - 10 years exp.

₹2.2 Lakhs - ₹6.5 Lakhs

Salary of majority employees

15% less than the average BDM Salary in Insurance Companies for 2 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading BDM Salary 3 - 10 years exp. (63 salaries)	₹2.9 L/yr - ₹6.5 L/yr
Sales & Business Development BDM Salary 2 - 10 years exp. (49 salaries)	₹2.8 L/yr - ₹5.9 L/yr
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Customer Success, Service & Operations BDM Salary 2 - 10 years exp. (17 salaries)	₹2.8 L/yr - ₹5 L/yr
Marketing & Communication BDM Salary 3 - 10 years exp. (13 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: 5 Mar 2025

Companies similar to SBI Life Insurance Company for BDM

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance BDM Salary 1 - 4 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 32% less
HDFC Life BDM Salary 0 - 10 years exp. (174 salaries)	₹2.2 L/yr - ₹4.3 L/yr 23% less
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Axis Max Life Insurance BDM Salary 1 - 12 years exp. (6 salaries)	₹3.4 L/yr - ₹7.2 L/yr 17% more
Bajaj Allianz Life Insurance BDM Salary 0 - 13 years exp. (28 salaries)	₹3.4 L/yr - ₹5.2 L/yr 3% less
Kotak Mahindara Life Insurance BDM Salary 0 - 17 years exp. (4 salaries)	₹4.5 L/yr - ₹8.8 L/yr 57% more
Reliance Nippon Life Insurance BDM Salary 3 - 9 years exp. (5 salaries)	₹3.2 L/yr - ₹4.5 L/yr 13% less
Tata AIA Life Insurance BDM Salary 3 - 11 years exp. (5 salaries)	₹2.8 L/yr - ₹3.3 L/yr 32% less
Aditya Birla Sun Life Insurance BDM Salary 1 - 10 years exp. (7 salaries)	₹3 L/yr - ₹5.8 L/yr 6% less
Life Insurance Corporation of India BDM Salary 0 - 5 years exp. (4 salaries)	₹1.8 L/yr - ₹3.5 L/yr 39% less
SBI General Insurance BDM Salary 1 - 8 years exp. (47 salaries)	₹2 L/yr - ₹4.8 L/yr 21% less
Bajaj Allianz General Insurance BDM Salary 2 - 16 years exp. (8 salaries)	₹4 L/yr - ₹6.8 L/yr 31% more
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Aditya Birla Health Insurance Co BDM Salary 4 - 13 years exp. (7 salaries)	₹3.3 L/yr - ₹5.5 L/yr At par
Shriram Life Insurance BDM Salary 0 - 9 years exp. (6 salaries)	₹2.2 L/yr - ₹6.2 L/yr 16% less
ICICI Lombard General Insurance Company BDM Salary 4 - 10 years exp. (4 salaries)	₹1.9 L/yr - ₹6.6 L/yr 17% less

BDM salary at SBI Life Insurance Company ranges between ₹2.2 Lakhs to ₹6.5 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 179 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company BDM salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
2 years (7 salaries)	₹2.4 L/yr - ₹5.1 L/yr
3 years (15 salaries)	₹2.2 L/yr - ₹5 L/yr
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4 years (16 salaries)	₹2.8 L/yr - ₹5.5 L/yr
5 years (41 salaries)	₹2.8 L/yr - ₹5.5 L/yr
6 years (20 salaries)	₹2.8 L/yr - ₹6 L/yr
7 years (25 salaries)	₹3.5 L/yr - ₹6.5 L/yr
8 years (23 salaries)	₹4 L/yr - ₹6 L/yr
9 years (17 salaries)	₹3.2 L/yr - ₹6.5 L/yr
10 years (15 salaries)	₹3.7 L/yr - ₹6.3 L/yr

View all

From

BDM

₹

Lakhs/yr

2 - 10 years exp.

Zonal Area Manager

₹

Lakhs/yr

12 - 21 years exp.

BDM 2 - 10 years exp.

Sr BDM 5 - 13 years exp.

25% hike

Area Manager 6 - 19 years exp.

63% hike

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary

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Area Manager Salary

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Associate Vice President Salary

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₹9 L/yr - ₹38 L/yr

Business Development Executive Salary

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₹2 L/yr - ₹4.5 L/yr

Unit Manager Salary

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₹2 L/yr - ₹4.3 L/yr

Operations Associate Salary

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Senior Associate Operations Salary

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₹2.35 L/yr - ₹5.5 L/yr

Sales Support Associate Salary

(59 salaries)

₹1.2 L/yr - ₹3.6 L/yr

Sales Executive Salary

(56 salaries)

₹1 L/yr - ₹4.7 L/yr

Financial Advisor Salary

(46 salaries)

₹0.96 L/yr - ₹4.05 L/yr

Salary related reviews for SBI Life Insurance Company

3.4

Rated by 38 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

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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SBI Life Insurance Company BDM Salary FAQs

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

BDM salary at SBI Life Insurance Company in India ranges between ₹2.2 Lakhs to ₹6.5 Lakhs for experience between 2 years to 10 years. According to our estimates it is 15% less than the average BDM Salary in India. Salary estimates are based on 179 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a BDM at SBI Life Insurance Company is 15% 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 SBI Life Insurance Company to a BDM in India?

Kotak Mahindara Life Insurance BDM Salary - ₹4.5 Lakhs to ₹8.8 Lakhs per year
Bajaj Allianz General Insurance BDM Salary - ₹4.0 Lakhs to ₹6.8 Lakhs per year
Axis Max Life Insurance BDM Salary - ₹3.4 Lakhs to ₹7.2 Lakhs per year
Aditya Birla Health Insurance Co BDM Salary - ₹3.3 Lakhs to ₹5.5 Lakhs per year

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

Bajaj Allianz Life Insurance BDM Salary - ₹3.4 Lakhs to ₹5.2 Lakhs per year
Aditya Birla Sun Life Insurance BDM Salary - ₹3.0 Lakhs to ₹5.8 Lakhs per year
Reliance Nippon Life Insurance BDM Salary - ₹3.2 Lakhs to ₹4.5 Lakhs per year
Shriram Life Insurance BDM Salary - ₹2.2 Lakhs to ₹6.2 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 SBI Life Insurance Company in India?

The estimated take-home salary of a BDM at SBI Life Insurance Company ranges between ₹33,427 per month to ₹34,691 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company BDM salary in India which ranges between ₹2.2 Lakhs to ₹6.5 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?

What is the notice period for BDM at SBI Life Insurance Company?

According to AmbitionBox, 40% of the SBI Life Insurance Company BDMs reported a notice period of 1 Month, 32% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 209 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company BDM Salaries by Location

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SBI Life Insurance Company BDM Salaries

SBI Life Insurance Company BDM salary in India ranges between ₹2.2 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 179 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