SBI Life Insurance Company Business Development Salaries by 6 Employees (Updated 2025)

0 - 4 years exp.

₹2.4 Lakhs - ₹4.6 Lakhs

Low Confidence

Salary of majority employees

50% less than the average Business Development Salary in Insurance Companies for 0 - 4 years of experience

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Last Updated: 29 Jul 2023

Companies similar to SBI Life Insurance Company for Business Development

Company name	Avg Annual Salary	Open Jobs
HDFC Life Business Development Salary 1 - 5 years exp. (7 salaries)	₹2.8 L/yr - ₹3.8 L/yr 12% less
ICICI Prudential Life Insurance Business Development Salary 1 year exp. (3 salaries)	₹3.4 L/yr - ₹4.3 L/yr 14% more
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Bajaj Allianz Life Insurance Business Development Salary 1 year exp. (4 salaries)	₹3.8 L/yr - ₹5.3 L/yr 40% more
Axis Max Life Insurance Business Development Salary 3 years exp. (4 salaries)	₹0.3 L/yr - ₹6 L/yr 10% less
Kotak Mahindara Life Insurance Business Development Salary 15 years exp. (4 salaries)	₹3.5 L/yr - ₹21 L/yr 136% more
ICICI Lombard General Insurance Company Business Development Salary 1 - 10 years exp. (4 salaries)	₹5.5 L/yr - ₹24 L/yr 332% 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.

Experience wise SBI Life Insurance Company Business Development salaries

Last Updated: 29 Jul 2023

Experience	Avg Annual Salary
Fresher (3 salaries)	₹2.4 L/yr - ₹2.9 L/yr
1 year (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.4 L/yr
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2 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.8 L/yr
4 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.6 L/yr

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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

Salary - Bad

+1 more

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.

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.

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

Salary - Poor

+6 more

Senior Business Development Manager in Katni

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 20 Apr 2022

2.0

for Salary and Benefits

Likes

Best brand in insurance sector..well known..

Skill development - Good

+4 more

Dislikes

Salary is low as per targets given by company..incentives are good but company has to think for good salary as well.. Products is not up to the mark as per market competition.

Salary - Poor

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SBI Life Insurance Company Business Development Salary FAQs

What is the salary of Business Development at SBI Life Insurance Company?

Business Development salary at SBI Life Insurance Company in India ranges between ₹2.4 Lakhs to ₹4.6 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 50% less than the average Business Development Salary in India. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Business Development at SBI Life Insurance Company is 50% less than the average salary of a Business Development in India. To know exact salary insights, login to view.

What are the top skills required to work as a Business Development at SBI Life Insurance Company?

Bancassurance, Sales, Relationship Management, Business Development Management and Business Development are some of the popular skills required to work as a Business Development at SBI Life Insurance Company India.

Which similar companies are paying more than SBI Life Insurance Company to a Business Development in India?

ICICI Lombard General Insurance Company Business Development Salary - ₹5.5 Lakhs to ₹24.0 Lakhs per year
Kotak Mahindara Life Insurance Business Development Salary - ₹3.5 Lakhs to ₹21.0 Lakhs per year
Bajaj Allianz Life Insurance Business Development Salary - ₹3.8 Lakhs to ₹5.3 Lakhs per year
ICICI Prudential Life Insurance Business Development Salary - ₹3.4 Lakhs to ₹4.3 Lakhs per year

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

Axis Max Life Insurance Business Development Salary - ₹0.3 Lakhs to ₹6.0 Lakhs per year
HDFC Life Business Development Salary - ₹2.8 Lakhs to ₹3.8 Lakhs per year

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 ranges between ₹24,775 per month to ₹26,218 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Business Development salary in India which ranges between ₹2.4 Lakhs to ₹4.6 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?

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SBI Life Insurance Company Business Development Salaries

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

SBI Life Insurance Company Business Development salaries in India

Companies similar to SBI Life Insurance Company for Business Development

Latest annual salaries shared by SBI Life Insurance Company Business Development

Experience wise SBI Life Insurance Company Business Development salaries

Similar Designation salaries in SBI Life Insurance Company

Top skills at SBI Life Insurance Company for Business Development

Salary related reviews for SBI Life Insurance Company

Business Development in Kollam

Area Sales Manager in Vijayawada

Senior Business Development Executive in Ongole

Business Development Manager in Rajkot

Senior Business Development Manager in Katni

SBI Life Insurance Company Business Development Salary FAQs

Tell us how to improve this page.