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SBI Life Insurance Company

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3.8

based on 3.9k Reviews

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SBI Life Insurance Company Business Development salaries in India

Annual salary range
0 - 4 years exp.
₹2.4 Lakhs - ₹4.6 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.
Avg. annual salary
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Monthly In-hand Salary

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51% less than the average Business Development Salary in Insurance Companies for 0 - 4 years of experience

Interested in this particular role?

Last Updated: 29 Jul 2023

Companies similar to SBI Life Insurance Company for Business Development

Company name Avg Annual Salary Open Jobs
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HDFC Life Business Development Salary

1 - 5 years exp. (7 salaries)
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₹2.8 L/yr - ₹3.8 L/yr

arrow icon 12% less
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Axis Max Life Insurance Business Development Salary

3 years exp. (4 salaries)
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₹0.3 L/yr - ₹6 L/yr

arrow icon 10% less
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ICICI Lombard General Insurance Company Business Development Salary

1 - 10 years exp. (4 salaries)
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₹5.5 L/yr - ₹24 L/yr

arrow icon 332% more
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Bajaj Allianz Life Insurance Business Development Salary

1 year exp. (4 salaries)
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₹3.8 L/yr - ₹5.3 L/yr

arrow icon 40% more
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Kotak Mahindara Life Insurance Business Development Salary

15 years exp. (4 salaries)
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₹3.5 L/yr - ₹21 L/yr

arrow icon 136% more
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ICICI Prudential Life Insurance Business Development Salary

1 year exp. (3 salaries)
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₹3.4 L/yr - ₹4.3 L/yr

arrow icon 14% more
Business Development salary at SBI Life Insurance Company ranges between ₹2.4 Lakhs to ₹4.6 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Business Development

1y ago
₹3 Lakhs
3 years exp.

Experience wise SBI Life Insurance Company Business Development salaries

Last Updated: 29 Jul 2023

Experience Avg Annual Salary
Fresher  (3 salaries)

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₹2.4 L/yr - ₹2.9 L/yr
1 year (AmbitionBox Estimate)

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₹1.2 L/yr - ₹3.4 L/yr
2 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹3.9 L/yr
3 years (AmbitionBox Estimate)

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₹3 L/yr - ₹6.8 L/yr
4 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.6 L/yr

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(110 salaries)
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₹4 L/yr - ₹7.1 L/yr
Sales Officer Salary
(102 salaries)
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₹1.8 L/yr - ₹4 L/yr
Senior Agency Manager Salary
(93 salaries)
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₹3.4 L/yr - ₹5.2 L/yr
Sales Manager Salary
(86 salaries)
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₹1.2 L/yr - ₹5.6 L/yr
Senior Branch Manager Salary
(66 salaries)
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₹9 L/yr - ₹18.5 L/yr

Top skills at SBI Life Insurance Company for Business Development

Bancassurance Sales Relationship Management Business Development Management Business Development Selling Skills Selling banca sales Corporate Sales Direct Sales Training Banking Sales Sales Achievement Cifs banca

Salary related reviews for SBI Life Insurance Company

3.6

Rated by 6 employees for salary & benefits

Business Development in Kollam

Customer Success, Service & Operations Department

1.0
  •  posted on 23 Sep 2019
1.0
 for  Salary and Benefits

Likes

Nill

  • Job security - Good
    • +3 more

Dislikes

They don't pay that we earned. I was eligible for incentive at the time before my resignation. I eligible for incentive in march and I submitted my resignation on april and I survived notice period as per company policy, but they did not paid my last quarter incentive at the time of FNF settlement. All My previous companies paid every single bit of things that I earned. SBI life is the only company I held up with such bad experience. Such a large organization is developing with stolen money from employees like me. I had lost almost 35K

read more
  • Salary - Bad
    • +1 more

Business Development Manager in Deoghar

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

Area Sales Manager in Vijayawada

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 05 Aug 2023
5.0
 for  Salary and Benefits

Likes

I am so Proud to say Working this organisation last 4years. i got a two promotions last two years.

  • Salary - Excellent
    • +6 more

Dislikes

I expecting Long time Vintage Employes Expect Minimum Salary hike. because Now a days out side companies giving a more salary hikes Vintage persons so Our Company giving a minimum hikes of Vintage Employes it will so benefit and no one live Our Company.

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Senior Business Development Executive in Ongole

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 09 Jun 2023
2.0
 for  Salary and Benefits

Likes

No positive to tell company not good salary not good supporting staff.

Dislikes

Treating very cheap to front line employees(Field workers).and also no support to superior s.. always blamed for front line employees.

read more
  • Salary - Poor
    • +4 more

Business Development Manager in Rajkot

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 01 Feb 2023
2.0
 for  Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

Official working days me bhi office bulate hain aur bill pay nahi karte hain personal life jaish kuchh nahi rehta hain aur morning 7:00am zoom start kar dete hain

read more
  • Salary - Poor
    • +6 more
see more salary related reviews

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peacemaker
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·
works at
Georgia-Pacific
New offer. Confused.
My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?
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SBI Life Insurance Company Business Development Salary FAQs

What is the salary of Business Development at SBI Life Insurance Company ?
The average salary of a Business Development at SBI Life Insurance Company in India typically ranges from ₹2.4 Lakhs to ₹4.6 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Business Development at SBI Life Insurance Company earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.6 Lakhs per year. Business Development 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 6 SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Business Development at SBI Life Insurance Company in India?
The estimated take-home salary of a Business Development at SBI Life Insurance Company in India typically ranges from ₹24,775 to ₹26,218 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹4.6 Lakhs per year for employees with experience ranging from Fresher to 4 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 6 salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Business Development at SBI Life Insurance Company ?
To be a Business Development at SBI Life Insurance Company in india, the key skills required include:

  • - Bancassurance
  • - Sales
  • - Relationship Management
  • - Business Development Management
  • - Business Development

These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SBI Life Insurance Company for Business Development in India?
ICICI Lombard General Insurance Company ₹5.5 Lakhs to ₹24.0 Lakhs per year
Kotak Mahindara Life Insurance ₹3.5 Lakhs to ₹21.0 Lakhs per year
Bajaj Allianz Life Insurance ₹3.8 Lakhs to ₹5.3 Lakhs per year
ICICI Prudential Life Insurance ₹3.4 Lakhs to ₹4.3 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 Business Development in companies similar to SBI Life Insurance Company in India?
The salary of a Business Development 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:

Axis Max Life Insurance ₹0.3 Lakhs to ₹6.0 Lakhs per year
HDFC Life ₹2.8 Lakhs to ₹3.8 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 Business Development at SBI Life Insurance Company in India?
The salary growth for a Business Development at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a Business Development can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
Fresher ₹2.4 Lakhs to ₹2.9 Lakhs per year
1 year ₹1.2 Lakhs to ₹3.4 Lakhs per year
2 years ₹3.1 Lakhs to ₹3.9 Lakhs per year
3 years ₹3.0 Lakhs to ₹6.8 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Business Development salary in India ranges between ₹2.4 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.