SBI Life Insurance Company Business Executive Salaries by 5 Employees

0 - 7 years exp.

₹3 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

At par with the average Business Executive Salary in Insurance Companies for 0 - 7 years of experience

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Salaries in different departments

Sales & Business Development Business Executive Salary 2 - 7 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
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BFSI, Investments & Trading Business Executive Salary 6 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 18 Oct 2024

Companies similar to SBI Life Insurance Company for Business Executive

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Business Executive Salary 0 - 5 years exp. (7 salaries)	₹3.6 L/yr - ₹5 L/yr 15% more
Shriram Life Insurance Business Executive Salary 0 - 3 years exp. (5 salaries)	₹1.7 L/yr - ₹3 L/yr 41% less
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HDFC Life Business Executive Salary 0 - 3 years exp. (5 salaries)	₹2.2 L/yr - ₹2.6 L/yr 37% less
Aditya Birla Sun Life Insurance Business Executive Salary 0 - 3 years exp. (4 salaries)	₹2.5 L/yr - ₹3 L/yr 26% less
Reliance Nippon Life Insurance Business Executive Salary 2 - 4 years exp. (3 salaries)	₹1.8 L/yr - ₹2.3 L/yr 45% less
SBI General Insurance Business Executive Salary 0 - 2 years exp. (3 salaries)	₹3 L/yr - ₹3.3 L/yr 14% less
HDFC Ergo General Insurance Business Executive Salary 4 - 6 years exp. (3 salaries)	₹3.2 L/yr - ₹4 L/yr 4% less

Business Executive salary at SBI Life Insurance Company ranges between ₹3 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience to 7 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 Executive salaries

Last Updated: 18 Oct 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹3 L/yr
1 year (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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2 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
5 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹7.9 L/yr

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Salary related reviews for SBI Life Insurance Company

1.0

Rated by 1 employees for salary & benefits

Senior Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 May 2022

3.0

for Salary and Benefits

Likes

Average work environment and culture . Teammates are supportive and the management is selfish. Company policies are bad . Appraisals not fair in this company.

Job security - Good

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is very slow

Work satisfaction - Poor

+2 more

Senior Associate in Jaipur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 Apr 2018

3.0

for Salary and Benefits

Likes

Company is

Job security - Good

+1 more

Dislikes

Company is good but as per process of career growth, it is very slow. Company's salary structure is also not good. My salary is less than a person who is coming on my position which I had before 2 years

Senior Associate in Sultanpur

BFSI, Investments & Trading Department

5.0

• posted on 29 Oct 2020

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give salary hike and bonus every year.

Salary - Excellent

+6 more

Branch Manager in Kumta

BFSI, Investments & Trading Department

3.0

• posted on 18 Jun 2020

3.0

for Salary and Benefits

Likes

Salary hike 3 to 5 % per year.Providing petrol exp and telephone exp based on cader.

Dislikes

Lot of politics, no HR Control , career growth is slow, induction training will not conducted in proper time. No value and respect for out Commer. High volume pressure on target and mental irritation. No any value addition from reporting manager.

Job security - Bad

+4 more

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

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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SBI Life Insurance Company Business Executive Salary FAQs

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

The average salary of a Business Executive at SBI Life Insurance Company in India typically ranges from ₹3.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Business Executive at SBI Life Insurance Company earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Business Executive 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 5 SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Business Executive at SBI Life Insurance Company in India typically ranges from ₹26,804 to ₹28,216 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 7 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 5 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 Executive in India?

ICICI Prudential Life Insurance

₹3.6 Lakhs to ₹5.0 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 Executive in companies similar to SBI Life Insurance Company in India?

The salary of a Business Executive 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:

HDFC Ergo General Insurance	₹3.2 Lakhs to ₹4.0 Lakhs per year
SBI General Insurance	₹3.0 Lakhs to ₹3.3 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.5 Lakhs to ₹3.0 Lakhs per year
HDFC Life	₹2.2 Lakhs to ₹2.6 Lakhs per year
Shriram Life Insurance	₹1.7 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 Executive at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
Fresher	₹3.0 Lakhs to ₹3.0 Lakhs per year
1 year	₹2.8 Lakhs to ₹3.6 Lakhs per year
2 years	₹3.3 Lakhs to ₹6.0 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 Executive Salaries

SBI Life Insurance Company Business Executive salary in India ranges between ₹3 Lakhs to ₹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.