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SBI Life Insurance Company

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3.8

based on 3.6k Reviews

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SBI Life Insurance Company Business Development Officer salaries in India

Annual salary range
0 - 6 years exp.
₹3 Lakhs - ₹3.8 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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At par with the average Business Development Officer Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Business Development Officer Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹3.7 L/yr

Finance & Accounting
Business Development Officer Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹3.7 L/yr

Last Updated: 11 Nov 2023

Companies similar to SBI Life Insurance Company for Business Development Officer

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

1 - 4 years exp. (6 salaries)
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₹2.1 L/yr - ₹3.5 L/yr

arrow icon 14% less
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Max Life Insurance Business Development Officer Salary

0 - 4 years exp. (4 salaries)
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₹1.2 L/yr - ₹3.5 L/yr

arrow icon 31% less
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Bajaj Allianz Life Insurance Business Development Officer Salary

0 - 6 years exp. (4 salaries)
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₹1.4 L/yr - ₹3 L/yr

arrow icon 35% less
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Reliance Nippon Life Insurance Business Development Officer Salary

2 - 5 years exp. (3 salaries)
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₹2.8 L/yr - ₹5 L/yr

arrow icon 2% less
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Bharti AXA Life Insurance Business Development Officer Salary

0 - 13 years exp. (4 salaries)
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₹3 L/yr - ₹6.2 L/yr

arrow icon 7% more
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Life Insurance Corporation of India Business Development Officer Salary

1 - 9 years exp. (15 salaries)
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₹2.3 L/yr - ₹10 L/yr

arrow icon 70% more
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Aditya Birla Sun Life Insurance Business Development Officer Salary

1 - 4 years exp. (4 salaries)
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₹3.3 L/yr - ₹4 L/yr

arrow icon 4% less
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Shriram Life Insurance Business Development Officer Salary

0 - 8 years exp. (3 salaries)
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₹2 L/yr - ₹2.4 L/yr

arrow icon 41% less
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SBI General Insurance Business Development Officer Salary

0 - 8 years exp. (3 salaries)
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₹2.8 L/yr - ₹8 L/yr

arrow icon 32% more
Business Development Officer salary at SBI Life Insurance Company ranges between ₹3 Lakhs to ₹3.8 Lakhs per year for employees with less than 1 year of experience to 6 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 Officer

1y ago
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3 years exp.
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6 years exp.
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5 years exp.
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2 years exp.

Experience wise SBI Life Insurance Company Business Development Officer salaries

Last Updated: 11 Nov 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.5 L/yr - ₹3.8 L/yr
1 year (AmbitionBox Estimate)

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₹3.3 L/yr - ₹4.3 L/yr
2 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹6.6 L/yr
3 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹6.6 L/yr
4 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹4.2 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

Business Development Manager Salary
(944 salaries)
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₹1.9 L/yr - ₹7 L/yr
Business Development Associate Salary
(5 salaries)
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₹2.3 L/yr - ₹4.5 L/yr
Business Development Executive Salary
(160 salaries)
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₹2 L/yr - ₹4.5 L/yr
Senior Business Development Manager Salary
(232 salaries)
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₹3 L/yr - ₹8.52 L/yr
Senior Business Development Executive Salary
(451 salaries)
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₹2.2 L/yr - ₹5.35 L/yr
Business Manager Salary
(31 salaries)
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₹4.35 L/yr - ₹8.5 L/yr
Sales Officer Salary
(101 salaries)
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₹1.8 L/yr - ₹3.8 L/yr
Sales Executive Salary
(48 salaries)
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₹1.45 L/yr - ₹4.7 L/yr
Assistant Sales Manager Salary
(6 salaries)
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₹1.88 L/yr - ₹6.5 L/yr
Senior Sales Manager Salary
(4 salaries)
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₹3.4 L/yr - ₹4.5 L/yr

Salary related reviews for SBI Life Insurance Company

1.0

Rated by 1 employees for salary & benefits

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.

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.

read more

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

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

read more

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

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

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..

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.

read more
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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?
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SBI Life Insurance Company Business Development Officer Salary FAQs

What is the salary of Business Development Officer at SBI Life Insurance Company?
Business Development Officer salary at SBI Life Insurance Company in India ranges between ₹3.0 Lakhs to ₹3.8 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 1% more than the average Business Development Officer 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 Officer at SBI Life Insurance Company India compare with the average salary range for this job?
The average salary of a Business Development Officer at SBI Life Insurance Company is 1% more than the average salary of a Business Development Officer 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 Officer in India?
  • Life Insurance Corporation of India Business Development Officer Salary - ₹2.3 Lakhs to ₹10.0 Lakhs per year
  • SBI General Insurance Business Development Officer Salary - ₹2.8 Lakhs to ₹8.0 Lakhs per year
  • Bharti AXA Life Insurance Business Development Officer Salary - ₹3.0 Lakhs to ₹6.2 Lakhs per year
What is the salary of a Business Development Officer in companies similar to SBI Life Insurance Company in India?
  • Reliance Nippon Life Insurance Business Development Officer Salary - ₹2.8 Lakhs to ₹5.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Business Development Officer Salary - ₹3.3 Lakhs to ₹4.0 Lakhs per year
  • HDFC Life Business Development Officer Salary - ₹2.1 Lakhs to ₹3.5 Lakhs per year
  • Max Life Insurance Business Development Officer Salary - ₹1.2 Lakhs to ₹3.5 Lakhs per year
  • Bajaj Allianz Life Insurance Business Development Officer Salary - ₹1.4 Lakhs to ₹3.0 Lakhs per year
What is the estimated take home salary of a Business Development Officer at SBI Life Insurance Company in India?
The estimated take-home salary of a Business Development Officer at SBI Life Insurance Company ranges between ₹26,843 per month to ₹28,255 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Business Development Officer salary in India which ranges between ₹3.0 Lakhs to ₹3.8 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?
What is the notice period for Business Development Officer at SBI Life Insurance Company?
According to AmbitionBox, 100% of the SBI Life Insurance Company Business Development Officers reported a notice period of 1 Month.This is based on 8 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

SBI Life Insurance Company Business Development Officer salary in India ranges between ₹3 Lakhs to ₹3.8 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.