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SBI Life Insurance Company BDM salaries in Mumbai

Annual salary range
3 - 10 years exp.
₹4 Lakhs - ₹6 Lakhs
Salary of majority employees
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14% more than the average BDM Salary in Insurance Companies for 3 - 10 years of experience

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Last Updated: 18 Jan 2024

Companies similar to SBI Life Insurance Company for BDM in Mumbai

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SBI Life Insurance Company BDM Salary

3 - 10 years exp. (5 salaries)

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₹4 L/yr - ₹6 L/yr

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Company name Avg Annual Salary Open Jobs
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HDFC Life BDM Salary

1 - 6 years exp. (3 salaries)

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₹3.3 L/yr - ₹3.6 L/yr

arrow icon 34% less
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Bajaj Allianz Life Insurance BDM Salary

3 - 7 years exp. (3 salaries)

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₹4 L/yr - ₹5 L/yr

arrow icon 19% less
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IndusInd Bank BDM Salary

0 - 7 years exp. (9 salaries)

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₹2 L/yr - ₹4.3 L/yr

arrow icon 38% less
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Jaro Education BDM Salary

2 - 5 years exp. (4 salaries)

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₹4 L/yr - ₹8.7 L/yr

arrow icon 32% more
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Labournet Services BDM Salary

16 - 17 years exp. (3 salaries)

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₹8.1 L/yr - ₹10.4 L/yr

arrow icon 68% more
BDM salary at SBI Life Insurance Company ranges between ₹4 Lakhs to ₹6 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company BDM in Mumbai

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8 years exp.
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7 years exp.
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7 years exp.
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10 years exp.
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3 years exp.

Experience wise SBI Life Insurance Company BDM salaries in Mumbai

Last Updated: 18 Jan 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹4 L/yr - ₹9.3 L/yr
4 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹6 L/yr
5 years (AmbitionBox Estimate)

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₹4.8 L/yr - ₹6.1 L/yr
6 years (AmbitionBox Estimate)

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₹4.8 L/yr - ₹6.2 L/yr
7 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹6 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

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₹3 L/yr - ₹6.75 L/yr
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₹12 L/yr - ₹31.25 L/yr
Area Manager Salary
(14 salaries)
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₹7.5 L/yr - ₹13.5 L/yr
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₹2 L/yr - ₹4.5 L/yr
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₹3 L/yr - ₹5.2 L/yr
Unit Manager Salary
(5 salaries)
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₹2.5 L/yr - ₹3.6 L/yr
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₹3.5 L/yr - ₹5.5 L/yr

Salary related reviews for SBI Life Insurance Company

2.0

Rated by 1 employees for salary & benefits

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

read more

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

read more

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.

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Full Time

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Sales & Business Development Department

3.0
  •  posted on 02 Nov 2023

4.0
 for  Salary and Benefits

Likes

Salary and benefits are supportive.

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.

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Full Time

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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

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

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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.

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Dislikes

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

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SBI Life Insurance Company BDM Salary FAQs

What is the salary of BDM at SBI Life Insurance Company Mumbai?
BDM salary at SBI Life Insurance Company in Mumbai ranges between ₹4.0 Lakhs to ₹6.0 Lakhs for experience between 3 years to 10 years. According to our estimates it is 14% more than the average BDM Salary in India. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company Mumbai.
How does the salary of a BDM at SBI Life Insurance Company Mumbai compare with the average salary range for this job?
The average salary of a BDM at SBI Life Insurance Company is 14% more than the average salary of a BDM in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than SBI Life Insurance Company to a BDM in Mumbai?
  • Labournet Services BDM Salary - ₹8.1 Lakhs to ₹10.4 Lakhs per year
  • Jaro Education BDM Salary - ₹4.0 Lakhs to ₹8.7 Lakhs per year
What is the salary of a BDM in companies similar to SBI Life Insurance Company in Mumbai?
  • Bajaj Allianz Life Insurance BDM Salary - ₹4.0 Lakhs to ₹5.0 Lakhs per year
  • HDFC Life BDM Salary - ₹3.3 Lakhs to ₹3.6 Lakhs per year
  • IndusInd Bank BDM Salary - ₹2.0 Lakhs to ₹4.3 Lakhs per year
What is the estimated take home salary of a BDM at SBI Life Insurance Company in Mumbai?
The estimated take-home salary of a BDM at SBI Life Insurance Company ranges between ₹40,504 per month to ₹41,662 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company BDM salary in India which ranges between ₹4.0 Lakhs to ₹6.0 Lakhs per year for employees with experience between 3 years to 10 years. Check how did we calculate take home salary?
What is the notice period for BDM at SBI Life Insurance Company in Mumbai?
According to AmbitionBox, 100% of the SBI Life Insurance Company BDMs in Mumbai reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

SBI Life Insurance Company BDM salary in Mumbai ranges between ₹4 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.