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SBI Life Insurance Company BM salaries in India

Annual salary range
12 - 16 years exp.
₹6.3 Lakhs - ₹10.8 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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52% more than the average BM Salary in Insurance Companies for 12 - 16 years of experience

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Salaries in different departments

Marketing & Communication
BM Salary
12 years exp. (AmbitionBox Estimate)
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₹5.6 L/yr - ₹6.9 L/yr

Sales & Business Development
BM Salary
15 years exp. (AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.3 L/yr

Last Updated: 25 Jan 2024

Companies similar to SBI Life Insurance Company for BM

Company name Avg Annual Salary Open Jobs
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ICICI Prudential Life Insurance BM Salary

5 - 10 years exp. (3 salaries)

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₹5 L/yr - ₹6.8 L/yr

arrow icon 33% less
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HDFC Life BM Salary

9 - 13 years exp. (4 salaries)

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₹8.5 L/yr - ₹11.5 L/yr

arrow icon 14% more
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Bajaj Allianz Life Insurance BM Salary

3 - 15 years exp. (4 salaries)

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₹5.4 L/yr - ₹8 L/yr

arrow icon 22% less
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Reliance Nippon Life Insurance BM Salary

10 - 17 years exp. (5 salaries)

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₹8 L/yr - ₹8.3 L/yr

arrow icon 5% less
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Aditya Birla Sun Life Insurance BM Salary

11 - 19 years exp. (4 salaries)

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₹8 L/yr - ₹12.8 L/yr

arrow icon 28% more
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Care Health Insurance BM Salary

11 - 13 years exp. (4 salaries)

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₹4.5 L/yr - ₹6.3 L/yr

arrow icon 37% less
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Shriram Life Insurance BM Salary

7 - 27 years exp. (3 salaries)

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₹3.6 L/yr - ₹6 L/yr

arrow icon 40% less
BM salary at SBI Life Insurance Company ranges between ₹6.3 Lakhs to ₹10.8 Lakhs per year for employees with experience between 12 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company BM

10mo ago
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15 years exp.
11mo ago
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12 years exp.
1y ago
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14 years exp.

Experience wise SBI Life Insurance Company BM salaries

Last Updated: 25 Jan 2024

Experience Avg Annual Salary
12 years (AmbitionBox Estimate)

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₹6.3 L/yr - ₹12.3 L/yr
13 years (AmbitionBox Estimate)

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₹7 L/yr - ₹8.9 L/yr
14 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹10.8 L/yr
15+ years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹10.8 L/yr

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary
(543 salaries)
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₹2 L/yr - ₹6.75 L/yr
Area Manager Salary
(260 salaries)
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₹5 L/yr - ₹14.21 L/yr
BDM Salary
(177 salaries)
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₹1.9 L/yr - ₹6.5 L/yr
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₹2 L/yr - ₹4.5 L/yr
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₹9 L/yr - ₹36 L/yr
Unit Manager Salary
(122 salaries)
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₹2 L/yr - ₹4.3 L/yr
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₹1.5 L/yr - ₹5 L/yr
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₹2.35 L/yr - ₹5.5 L/yr
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₹1.2 L/yr - ₹3.6 L/yr
Sales Executive Salary
(48 salaries)
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₹1.45 L/yr - ₹4.7 L/yr

Salary related reviews for SBI Life Insurance Company

5.0

Rated by 1 employees for salary & benefits

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.

read more

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

 · 

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

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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

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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 BM Salary FAQs

What is the salary of BM at SBI Life Insurance Company?
BM salary at SBI Life Insurance Company in India ranges between ₹6.3 Lakhs to ₹10.8 Lakhs for experience between 12 years to 16 years. According to our estimates it is 52% more than the average BM Salary in India. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company India.
How does the salary of a BM at SBI Life Insurance Company India compare with the average salary range for this job?
The average salary of a BM at SBI Life Insurance Company is 52% more than the average salary of a BM in India. To know exact salary insights, login to view.
Which similar companies are paying more than SBI Life Insurance Company to a BM in India?
  • Aditya Birla Sun Life Insurance BM Salary - ₹8.0 Lakhs to ₹12.8 Lakhs per year
  • HDFC Life BM Salary - ₹8.5 Lakhs to ₹11.5 Lakhs per year
What is the salary of a BM in companies similar to SBI Life Insurance Company in India?
  • Reliance Nippon Life Insurance BM Salary - ₹8.0 Lakhs to ₹8.3 Lakhs per year
  • Bajaj Allianz Life Insurance BM Salary - ₹5.4 Lakhs to ₹8.0 Lakhs per year
  • ICICI Prudential Life Insurance BM Salary - ₹5.0 Lakhs to ₹6.8 Lakhs per year
  • Care Health Insurance BM Salary - ₹4.5 Lakhs to ₹6.3 Lakhs per year
  • Shriram Life Insurance BM Salary - ₹3.6 Lakhs to ₹6.0 Lakhs per year
What is the estimated take home salary of a BM at SBI Life Insurance Company in India?
The estimated take-home salary of a BM at SBI Life Insurance Company ranges between ₹63,070 per month to ₹64,674 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company BM salary in India which ranges between ₹6.3 Lakhs to ₹10.8 Lakhs per year for employees with experience between 12 years to 16 years. Check how did we calculate take home salary?
What is the notice period for BM at SBI Life Insurance Company?
According to AmbitionBox, 50% of the SBI Life Insurance Company BMs reported a notice period of 2 Months, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

SBI Life Insurance Company BM salary in India ranges between ₹6.3 Lakhs to ₹10.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.