SBI Life Insurance Company Business Development Associate Salaries by 4 Employees

0 - 6 years exp.

₹2.3 Lakhs - ₹4.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

37% less than the average Business Development Associate Salary in Insurance Companies for 0 - 6 years of experience

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Last Updated: 5 Aug 2024

Companies similar to SBI Life Insurance Company for Business Development Associate

Company name	Avg Annual Salary	Open Jobs
SBI General Insurance Business Development Associate Salary 0 - 6 years exp. (47 salaries)	₹1.9 L/yr - ₹3.5 L/yr 23% less
Axis Max Life Insurance Business Development Associate Salary 4 - 7 years exp. (6 salaries)	₹3.5 L/yr - ₹4.9 L/yr 24% more
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ICICI Lombard General Insurance Company Business Development Associate Salary 0 - 3 years exp. (6 salaries)	₹2.5 L/yr - ₹4.7 L/yr 9% more
ICICI Prudential Life Insurance Business Development Associate Salary 0 - 2 years exp. (5 salaries)	₹3 L/yr - ₹4.7 L/yr 12% more
HDFC Life Business Development Associate Salary 0 - 6 years exp. (5 salaries)	₹2.3 L/yr - ₹8 L/yr 35% more
Tata AIA Life Insurance Business Development Associate Salary 0 - 11 years exp. (4 salaries)	₹2.5 L/yr - ₹5 L/yr 9% more
Bajaj Allianz Life Insurance Business Development Associate Salary Fresher (4 salaries)	₹1 L/yr - ₹4 L/yr 17% less
Kotak Mahindara Life Insurance Business Development Associate Salary 1 - 12 years exp. (4 salaries)	₹4 L/yr - ₹11 L/yr 65% more
Life Insurance Corporation of India Business Development Associate Salary 2 - 15 years exp. (3 salaries)	₹3 L/yr - ₹12 L/yr 135% more
Star Health & Allied Insurance Business Development Associate Salary 0 - 1 year exp. (3 salaries)	₹2.1 L/yr - ₹3 L/yr 30% less

Business Development Associate salary at SBI Life Insurance Company ranges between ₹2.3 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Business Development Associate salaries

Last Updated: 5 Aug 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
1 year (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
5 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.2 L/yr

View all

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Salary related reviews for SBI Life Insurance Company

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.

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.

Business Development Executive in Gangtok

Full Time

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

Salary - Excellent

+4 more

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

Job security - Poor

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

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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SBI Life Insurance Company Business Development Associate Salary FAQs

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

The average salary of a Business Development Associate at SBI Life Insurance Company in India typically ranges from ₹2.3 Lakhs to ₹4.5 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Business Development Associate at SBI Life Insurance Company earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Business Development Associate 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 4 SBI Life Insurance Company employees in India.

What is the estimated take home salary of a Business Development Associate at SBI Life Insurance Company in India?

The estimated take-home salary of a Business Development Associate at SBI Life Insurance Company in India typically ranges from ₹25,922 to ₹27,347 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from Fresher to 6 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 4 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 Business Development Associate in India?

Life Insurance Corporation of India	₹3.0 Lakhs to ₹12.0 Lakhs per year
Kotak Mahindara Life Insurance	₹4.0 Lakhs to ₹11.0 Lakhs per year
HDFC Life	₹2.3 Lakhs to ₹8.0 Lakhs per year
Axis Max Life Insurance	₹3.5 Lakhs to ₹4.9 Lakhs per year
ICICI Prudential Life Insurance	₹3.0 Lakhs to ₹4.7 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 Associate in companies similar to SBI Life Insurance Company in India?

The salary of a Business Development Associate 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:

ICICI Lombard General Insurance Company	₹2.5 Lakhs to ₹4.7 Lakhs per year
Tata AIA Life Insurance	₹2.5 Lakhs to ₹5.0 Lakhs per year
Bajaj Allianz Life Insurance	₹1.0 Lakhs to ₹4.0 Lakhs per year
SBI General Insurance	₹1.9 Lakhs to ₹3.5 Lakhs per year
Star Health & Allied Insurance	₹2.1 Lakhs to ₹3.0 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 Associate at SBI Life Insurance Company in India?

The salary growth for a Business Development Associate at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a Business Development Associate can expect the following growth trajectory at SBI Life Insurance Company:

Experience	Average Salary Range
Fresher	₹2.4 Lakhs to ₹3.0 Lakhs per year
1 year	₹2.6 Lakhs to ₹3.4 Lakhs per year
2 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
3 years	₹3.2 Lakhs to ₹4.1 Lakhs per year

and so on.

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SBI Life Insurance Company Business Development Associate Salaries

SBI Life Insurance Company Business Development Associate salary in India ranges between ₹2.3 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Business Development Associate salaries in India

Companies similar to SBI Life Insurance Company for Business Development Associate

Latest annual salaries shared by SBI Life Insurance Company Business Development Associate

Experience wise SBI Life Insurance Company Business Development Associate salaries

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Business Development Manager in Deoghar

Area Sales Manager in Vijayawada

Business Development Executive in Gangtok

Senior Business Development Executive in Ongole

Business Development Manager in Rajkot

SBI Life Insurance Company Business Development Associate Salary FAQs

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