SBI Life Insurance Company Business Development Associate Salaries by 5 Employees (Updated 2025)

0 - 4 years exp.

₹2.3 Lakhs - ₹4.5 Lakhs

Low Confidence

Salary of majority employees

39% less than the average Business Development Associate Salary in Insurance Companies for 0 - 4 years of experience

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Last Updated: 19 Aug 2023

Companies similar to SBI Life Insurance Company for Business Development Associate

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Business Development Associate Salary 0 - 2 years exp. (5 salaries)	₹3 L/yr - ₹4.7 L/yr 16% more
HDFC Life Business Development Associate Salary 0 - 6 years exp. (7 salaries)	₹2.3 L/yr - ₹8 L/yr 31% more
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Max Life Insurance Business Development Associate Salary 4 - 7 years exp. (6 salaries)	₹3.5 L/yr - ₹4.9 L/yr 28% more
Kotak Mahindara Life Insurance Business Development Associate Salary 1 - 11 years exp. (4 salaries)	₹4 L/yr - ₹11 L/yr 70% more
Tata AIA Life Insurance Business Development Associate Salary 0 - 19 years exp. (5 salaries)	₹2.5 L/yr - ₹5 L/yr 21% more
Life Insurance Corporation of India Business Development Associate Salary 2 - 15 years exp. (3 salaries)	₹3 L/yr - ₹12 L/yr 142% more
SBI General Insurance Business Development Associate Salary 0 - 5 years exp. (41 salaries)	₹2 L/yr - ₹4 L/yr 24% less
ICICI Lombard General Insurance Company Business Development Associate Salary 0 - 3 years exp. (6 salaries)	₹2.5 L/yr - ₹4.7 L/yr 12% more
Star Health & Allied Insurance Business Development Associate Salary 0 - 1 year exp. (3 salaries)	₹2.1 L/yr - ₹3 L/yr 27% 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 4 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Business Development Associate salaries

Last Updated: 19 Aug 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.3 L/yr
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹3.4 L/yr
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2 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
3 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4.5 L/yr
4 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.3 L/yr

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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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SBI Life Insurance Company Business Development Associate Salary FAQs

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

Business Development Associate salary at SBI Life Insurance Company in India ranges between ₹2.3 Lakhs to ₹4.5 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 39% less than the average Business Development Associate Salary in India. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Business Development Associate at SBI Life Insurance Company is 39% less than the average salary of a Business Development Associate in India. To know exact salary insights, login to view.

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

Life Insurance Corporation of India Business Development Associate Salary - ₹3.0 Lakhs to ₹12.0 Lakhs per year
Kotak Mahindara Life Insurance Business Development Associate Salary - ₹4.0 Lakhs to ₹11.0 Lakhs per year
HDFC Life Business Development Associate Salary - ₹2.3 Lakhs to ₹8.0 Lakhs per year
Max Life Insurance Business Development Associate Salary - ₹3.5 Lakhs to ₹4.9 Lakhs per year
Tata AIA Life Insurance Business Development Associate Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year

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

ICICI Prudential Life Insurance Business Development Associate Salary - ₹3.0 Lakhs to ₹4.7 Lakhs per year
ICICI Lombard General Insurance Company Business Development Associate Salary - ₹2.5 Lakhs to ₹4.7 Lakhs per year
SBI General Insurance Business Development Associate Salary - ₹2.0 Lakhs to ₹4.0 Lakhs per year
Star Health & Allied Insurance Business Development Associate Salary - ₹2.1 Lakhs to ₹3.0 Lakhs per year

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 ranges between ₹25,084 per month to ₹26,522 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Business Development Associate salary in India which ranges between ₹2.3 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?

What is the notice period for Business Development Associate at SBI Life Insurance Company?

According to AmbitionBox, 50% of the SBI Life Insurance Company Business Development Associates reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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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 5 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

Tell us how to improve this page.