SBI Life Insurance Company Business Development Officer Salaries by 2 Employees (Updated 2025)

2 - 3 years exp.

₹3.5 Lakhs - ₹4.5 Lakhs

Low Confidence

Salary of majority employees

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Last Updated: 11 Nov 2023

Companies similar to SBI Life Insurance Company for Business Development Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Life Business Development Officer Salary 2 - 4 years exp. (4 salaries)	₹2.1 L/yr - ₹3.5 L/yr 15% less
ICICI Prudential Life Insurance Business Development Officer Salary 0 - 6 years exp. (7 salaries)	₹2.8 L/yr - ₹4 L/yr 17% less
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Axis Max Life Insurance Business Development Officer Salary 0 - 4 years exp. (4 salaries)	₹1.2 L/yr - ₹3.5 L/yr 38% less
Bajaj Allianz Life Insurance Business Development Officer Salary 0 - 6 years exp. (5 salaries)	₹1.4 L/yr - ₹3 L/yr 40% less
Reliance Nippon Life Insurance Business Development Officer Salary 2 - 5 years exp. (3 salaries)	₹2.8 L/yr - ₹5 L/yr 11% less
Bharti AXA Life Insurance Business Development Officer Salary 0 - 13 years exp. (4 salaries)	₹3 L/yr - ₹6.2 L/yr 3% less
Life Insurance Corporation of India Business Development Officer Salary 1 - 9 years exp. (13 salaries)	₹2.3 L/yr - ₹10 L/yr 52% more
Aditya Birla Sun Life Insurance Business Development Officer Salary 1 - 4 years exp. (4 salaries)	₹3.3 L/yr - ₹4 L/yr 13% less
Shriram Life Insurance Business Development Officer Salary 0 - 8 years exp. (3 salaries)	₹2 L/yr - ₹2.4 L/yr 47% less
SBI General Insurance Business Development Officer Salary 0 - 8 years exp. (3 salaries)	₹2.8 L/yr - ₹8 L/yr 19% more
Bajaj Allianz General Insurance Business Development Officer Salary 3 - 5 years exp. (3 salaries)	₹2.1 L/yr - ₹4 L/yr 27% less
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Business Development Officer salary at SBI Life Insurance Company ranges between ₹3.5 Lakhs to ₹4.5 Lakhs per year for employees with experience between 2 years to 3 years. Salary estimates are based on 2 latest salaries received from various employees of SBI Life Insurance Company.

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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.

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

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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1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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SBI Life Insurance Company Business Development Officer Salary FAQs

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.

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SBI Life Insurance Company Business Development Officer Salaries

SBI Life Insurance Company Business Development Officer salary in India ranges between ₹3.5 Lakhs to ₹4.5 Lakhs. This is an estimate based on latest salaries received from employees of SBI Life Insurance Company.