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SBI Life Insurance Company Sales & Business Development Department Salaries in Patna

based on 40 latest salaries
Designation Avg Annual Salary Open Jobs
2 - 8 years exp. · Patna (6 salaries)
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₹3.4 L/yr - ₹4.1 L/yr

6 - 13 years exp. · Patna (6 salaries)
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₹3.5 L/yr - ₹6.1 L/yr

6 - 18 years exp. · Patna (4 salaries)
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₹5.7 L/yr - ₹11 L/yr

9 - 11 years exp. · Patna (3 salaries)
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₹6.8 L/yr - ₹8 L/yr

Starting your career? Discover SBI Life Insurance Company fresher salaries in India
6 - 8 years exp. · Patna (3 salaries)
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₹4.4 L/yr - ₹6.6 L/yr

5 - 9 years exp. · Patna (3 salaries)
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₹3 L/yr - ₹4.2 L/yr

8 - 15 years exp. · Patna (3 salaries)
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₹5.8 L/yr - ₹6.4 L/yr

16 - 18 years exp. · Patna (3 salaries)
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₹8 L/yr - ₹8.8 L/yr

4 - 5 years exp. · Patna (AmbitionBox Estimate)
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₹3 L/yr - ₹4.4 L/yr

10 years exp. · Patna (AmbitionBox Estimate)
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₹5.1 L/yr - ₹5.5 L/yr

16 years exp. · Patna (AmbitionBox Estimate)
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₹14.9 L/yr - ₹15.7 L/yr

7 years exp. · Patna (AmbitionBox Estimate)
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₹4.2 L/yr - ₹4.6 L/yr

23 years exp. · Patna (AmbitionBox Estimate)
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₹12.3 L/yr - ₹15.8 L/yr

23 years exp. · Patna (AmbitionBox Estimate)
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₹23.3 L/yr - ₹25 L/yr

3 years exp. · Patna (AmbitionBox Estimate)
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₹2.7 L/yr - ₹4.2 L/yr

Fresher · Patna (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

Last Updated: 20 Dec, 2024

Salary related reviews for SBI Life Insurance Company

3.5

Rated by 10 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 23 Mar 2024

2.0
 for  Salary and Benefits

Likes

SBI LIFE company one of d best Lerner and advance business development company. I learnt about recruitment, business development, product knowledge, proper training, market identification, prospect screening everything... This base given me stronger now make my leadership skills, culture is very good, supportive operation staff, digital marketing services also digital payment security is one of d best function. I like learning, build relationships with my team, products and culture.

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Dislikes

It's issue about low salary, holiday weekend not allowed, some seniors behaviour very rude and harrasment. Company HR not responded after leaving job, some manager HR not understanding what is situation about employee. Very badly speak in front of our team, ts hurt.

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Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 27 Jun 2023

1.0
 for  Salary and Benefits

Likes

Good organisation for learning Training provide by that organisation is very good Customer service is nice Chain of branch is very good..

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Dislikes

...ale without competition Senior manager always gives pressure to unit manager.. They earn 6 digit salary and lower staff salary is only 20k... promote product Boucher to investment own money...mea If you join that organisation get ready for so much pressure with low salary

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Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 02 Nov 2023

4.0
 for  Salary and Benefits

Likes

Salary and benefits are supportive.

Dislikes

No work life balance. The sales team pushes things like hell specially in the eastern region of the country. Third Saturday is a leave according to the company's leave policies but we don't get that leave.

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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

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Sales & Business Development Department

1.0
  •  posted on 26 Dec 2021

2.0
 for  Salary and Benefits

Likes

Insurance advisors get only commissions based on the product they sell.. No salary.. No job security.. Nothing.. If you sell you get commission, otherwise no money.. There r people who make good money as an insurance advisor.. But i couldn't.. Good selling skill is needed to be a successful insurance agent.. Misselling happens all time.. The client interest is not taken care.. Even persons at top level of management don't know the difference between RRR n normal return.. They don't even know what's RRR.. Financial literacy should be given.. All learned persons know that insurance is not an investment but insurance advisors r taught that it's a good investment return product.. And it's also hard to make a layman wise on financial products.. Even educated people are reluctant to invest money in insurance.. Like I said, a good salesman can definitely make money.. But people with client' interest, ethics would find it hard.. My experience is less, not even 1 year but this is what I learned..

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Dislikes

There is nothing I dislike.. Good infrastructure.. Brand name s there.. But you have to toil hard to get clients.. Because no client means no commission and you have to reach a sales target for regular income.. No money is given to meet your indirect expenses like petrol etc..

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SBI Life Insurance Company Salary FAQs

How much does SBI Life Insurance Company pay per year?
The average SBI Life Insurance Company salary ranges from approximately ₹0.2 Lakh to ₹3 Lakhs per year for a Banking Assistant and ₹45 Lakhs to ₹1.1 Crore per year for a Senior Vice President. Salary estimates are based on 40 SBI Life Insurance Company salaries received from various employees of SBI Life Insurance Company. SBI Life Insurance Company employees rate the overall salary and benefits package 3.5/5 stars.
What is the highest salary in SBI Life Insurance Company?
The highest-paying job at SBI Life Insurance Company is a Senior Vice President with a salary of ₹45 Lakhs to ₹1.1 Crore per year. The top 10% of employees earn more than ₹12.51 lakhs per year. The top 1% earn more than a whopping ₹35.13 lakhs per year.
What is the minimum salary in SBI Life Insurance Company?
Minimum salary at SBI Life Insurance Company depends on the role you are applying for. For Associate the minimum salary is ₹1 Lakh to ₹5 Lakhs per year, and for Development Manager the minimum salary is ₹1.8 Lakh to ₹4.5 Lakhs per year and so on.
What is the salary package for freshers in SBI Life Insurance Company?
The average salary at SBI Life Insurance Company for freshers varies from ₹1 Lakh to ₹2 Lakhs per year for Telecaller and ₹5.6 Lakhs to ₹10.5 Lakhs per year for Management Trainee.
What is the notice period at SBI Life Insurance Company in Sales & Business Development Department in Patna?
According to AmbitionBox, 33% of the SBI Life Insurance Company employees in Sales & Business Development Department in Patna reported a notice period of 1 Month, 27% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 52 responses on AmbitionBox in last 2 years.

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Average annual salary in Sales & Business Development department at SBI Life Insurance Company , Patna is INRunlock blur . Salary estimates are based on 40 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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