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SBI Life Insurance Company BDM Sales salaries in India

Annual salary range
0 - 9 years exp.
₹3.5 Lakhs - ₹5.5 Lakhs
Salary of majority employees
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24% less than the average BDM Sales Salary in Insurance Companies for 0 - 9 years of experience

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Last Updated: 8 Apr 2023

Companies similar to SBI Life Insurance Company for BDM Sales

Company name Avg Annual Salary Open Jobs
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HDFC Life BDM Sales Salary

0 - 5 years exp. (27 salaries)

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₹1.8 L/yr - ₹3.5 L/yr

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SBI General Insurance BDM Sales Salary

0 - 3 years exp. (6 salaries)

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₹2.3 L/yr - ₹4.4 L/yr

arrow icon 25% less
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₹4 L/yr - ₹5.1 L/yr

arrow icon 7% more
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Axis Max Life Insurance BDM Sales Salary

3 - 9 years exp. (3 salaries)

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₹3.5 L/yr - ₹6.5 L/yr

arrow icon 27% more
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BYJU'S BDM Sales Salary

0 - 4 years exp. (53 salaries)

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₹3.8 L/yr - ₹14.5 L/yr

arrow icon 112% more
BDM Sales salary at SBI Life Insurance Company ranges between ₹3.5 Lakhs to ₹5.5 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 20 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company BDM Sales

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1 year exp.
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9 years exp.
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Experience wise SBI Life Insurance Company BDM Sales salaries

Last Updated: 8 Apr 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4 L/yr
1 year  (6 salaries)

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₹3.8 L/yr - ₹4.5 L/yr
2 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹4.1 L/yr
3 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr
4 years  (3 salaries)

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₹4 L/yr - ₹5 L/yr
View all

Salary related reviews for SBI Life Insurance Company

2.9

Rated by 10 employees for salary & benefits

Full Time

 · 

Marketing & Communication Department

5.0
  •  posted on 30 Jan 2025

2.0
 for  Salary and Benefits

Likes

Very good policy, good Behaviour from all senior Management.

  • Skill development - Good
  • +3 more

Dislikes

I am working from last 8 year but my salary is very low. If someone working is in other companies and they switched from there to here they are getting good CTC. If you are working in good location and if your assign branch and branch manager is good so you can get promotion but if you not working in good location or your assign branch is not good it's very deficit to get promotion.

read more
  • Salary - Poor

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.

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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.

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 18 Oct 2023

1.0
 for  Salary and Benefits

Likes

...R profile like a puppet.Every single decesion are managed by higher authorities. No work and life balance, salary are on time but no increment very pathetic salary structure. No self respect. No work time. No emotion . Daily pressure. Vary vary bad 😭

read more
  • Job security - Good
  • +1 more

Dislikes

Every thing Accept salary on time

  • Salary - Bad
  • +4 more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 23 Mar 2024

2.0
 for  Salary and Benefits

Likes

SBI LIFE company one of d best Lerner and advance business development company. I learnt about recruitment, business development, product knowledge, proper training, market identification, prospect screening everything... This base given me stronger now make my leadership skills, culture is very good, supportive operation staff, digital marketing services also digital payment security is one of d best function. I like learning, build relationships with my team, products and culture.

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  • Skill development - Good
  • +2 more

Dislikes

It's issue about low salary, holiday weekend not allowed, some seniors behaviour very rude and harrasment. Company HR not responded after leaving job, some manager HR not understanding what is situation about employee. Very badly speak in front of our team, ts hurt.

read more
  • Salary - Poor

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 08 Jul 2023

1.0
 for  Salary and Benefits

Likes

Salary is credited on time. Office ambience is good

Dislikes

There is no work life balance in the company. There is huge salary gap in sales and operations. Work load is unevenly distributed between male and female employees. There is overtime on regular basis and male employees are forced to work overtime and times cooercive language is used. KRA is not properly set and you don't know on which basis you will be rated. Reporting manager is free to use any misappropriate language and HR manager completely support any misdeeds of managers and does every best to supress your complaint.

read more
  • Salary - Bad
  • +6 more
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SBI Life Insurance Company BDM Sales Salary FAQs

What is the salary of BDM Sales at SBI Life Insurance Company ?
The average salary of a BDM Sales at SBI Life Insurance Company in India typically ranges from ₹3.5 Lakhs to ₹5.5 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of BDM Sales at SBI Life Insurance Company earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. BDM Sales 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 20+ SBI Life Insurance Company employees in India.
What is the estimated take home salary of a BDM Sales at SBI Life Insurance Company in India?
The estimated take-home salary of a BDM Sales at SBI Life Insurance Company in India typically ranges from ₹32,167 to ₹33,449 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from Fresher to 9 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 20+ 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 Sales in India?
BYJU'S ₹3.8 Lakhs to ₹14.5 Lakhs per year
Axis Max Life Insurance ₹3.5 Lakhs to ₹6.5 Lakhs per year
Bajaj Allianz Life Insurance ₹4.0 Lakhs to ₹5.1 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 Sales in companies similar to SBI Life Insurance Company in India?
The salary of a BDM Sales 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:

SBI General Insurance ₹2.3 Lakhs to ₹4.4 Lakhs per year
HDFC Life ₹1.8 Lakhs to ₹3.5 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 Sales at SBI Life Insurance Company in India?
The salary growth for a BDM Sales at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a BDM Sales can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
Fresher ₹1.6 Lakhs to ₹4.0 Lakhs per year
1 year ₹3.8 Lakhs to ₹4.5 Lakhs per year
2 years ₹3.5 Lakhs to ₹4.1 Lakhs per year
3 years ₹3.8 Lakhs to ₹4.8 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company BDM Sales salary in India ranges between ₹3.5 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 20 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.