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SBI Life Insurance Company

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3.8

based on 4k Reviews

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SBI Life Insurance Company Senior Business Development Executive salaries in Mumbai (Updated 2025)

Annual salary range
1 - 8 years exp.
₹3.4 Lakhs - ₹5.4 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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27% less than the average Senior Business Development Executive Salary in Insurance Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Business Development Executive Salary
1 - 8 years exp. (17 salaries)
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₹3.5 L/yr - ₹5.4 L/yr

Sales & Business Development
Senior Business Development Executive Salary
2 - 8 years exp. (10 salaries)
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₹3.8 L/yr - ₹5.1 L/yr

Customer Success, Service & Operations
Senior Business Development Executive Salary
4 - 7 years exp. (5 salaries)
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₹4.1 L/yr - ₹4.5 L/yr

Finance & Accounting
Senior Business Development Executive Salary
3 - 6 years exp. (AmbitionBox Estimate)
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₹3.4 L/yr - ₹4.4 L/yr

Marketing & Communication
Senior Business Development Executive Salary
5 years exp. (AmbitionBox Estimate)
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₹4.1 L/yr - ₹4.7 L/yr

Last Updated: 21 Jan 2025

Companies similar to SBI Life Insurance Company for Senior Business Development Executive in Mumbai

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SBI Life Insurance Company Senior Business Development Executive Salary

1 - 8 years exp. (37 salaries)
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₹3.4 L/yr - ₹5.4 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Lombard General Insurance Company Senior Business Development Executive Salary

2 - 10 years exp. (5 salaries)
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₹5.9 L/yr - ₹6.3 L/yr

arrow icon 46% more
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Unacademy Senior Business Development Executive Salary

1 - 8 years exp. (33 salaries)
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₹4.3 L/yr - ₹7.8 L/yr

arrow icon 53% more
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Motilal Oswal Financial Services Senior Business Development Executive Salary

2 - 5 years exp. (29 salaries)
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₹2.5 L/yr - ₹3.5 L/yr

arrow icon 26% less
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LOREAL Senior Business Development Executive Salary

4 - 10 years exp. (21 salaries)
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₹7.8 L/yr - ₹12.8 L/yr

arrow icon 178% more
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Extramarks Education Senior Business Development Executive Salary

0 - 6 years exp. (17 salaries)
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₹4.2 L/yr - ₹7.3 L/yr

arrow icon 52% more
Senior Business Development Executive salary at SBI Life Insurance Company ranges between ₹3.4 Lakhs to ₹5.4 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 37 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Senior Business Development Executive in Mumbai

2mo ago
₹4.8 Lakhs
5 years exp.
2mo ago
₹4.5 Lakhs
1 year exp.
3mo ago
₹4.4 Lakhs
6 years exp.
6mo ago
₹4.8 Lakhs
4 years exp.
6mo ago
₹4.3 Lakhs
5 years exp.
9mo ago
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2 years exp.
10mo ago
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6 years exp.
10mo ago
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6 years exp.
1y ago
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5 years exp.
1y ago
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5 years exp.

Experience wise SBI Life Insurance Company Senior Business Development Executive salaries in Mumbai

Last Updated: 21 Jan 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
2 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
3 years  (7 salaries)

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₹3.4 L/yr - ₹4.6 L/yr
4 years  (6 salaries)

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₹3.8 L/yr - ₹5 L/yr
5 years  (9 salaries)

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₹3.5 L/yr - ₹5.4 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

Business Development Manager Salary
(61 salaries)
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₹3 L/yr - ₹7 L/yr
Sales Executive Salary
(7 salaries)
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₹2 L/yr - ₹3.5 L/yr

Top skills at SBI Life Insurance Company for Senior Business Development Executive

Business Development Area Management bdm Channel Partners bde Sales

Salary related reviews for SBI Life Insurance Company

3.3

Rated by 5 employees for salary & benefits

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
  • Salary - Poor
    • +4 more

Senior Business Development Executive in Fatehpur Sikri

BFSI, Investments & Trading Department

1.0
  •  posted on 31 May 2022
1.0
 for  Salary and Benefits

Likes

Work culture is worst in the whole world. Management is worst in the whole world specially salary deduction is the main culture in management just because of management mood I have proof for the same anyone can ask me for that I'll show you. As compare to other company working in India the company policies are also not good.

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Dislikes

...ted in managerial position at fatehpur in U.P. he behaves himself like superman. He deducts the salary without reason record voice calling of thier subordinates then blackmail them threat them for salary deduction and job loss etc.. etc.. etc.. That's why I request you all DON'T JOIN SBILIFE BEWARE OF SBILIFE. This is not a one man story it's a culture of sbilife. I personally faced all the things mentioned above it's not a story it's a fact of so called SBILIFE INSURANCE COMPANY LTD. THANK YOU JAI HIND JAI BHARAT

read more
  • Salary - Bad
    • +6 more

Senior Business Development Executive in Raipur

Sales Department

4.0
  •  posted on 24 Sep 2021
5.0
 for  Salary and Benefits

Likes

Very good job security, salary on time. QVP is good. Promotion criteria is fully transparent upto Senior BDM level.

read more
  • Salary - Excellent
    • +2 more

Dislikes

Company is very good but some senior person are pulling down its reputation. Specially in Bhopal circle, seniors like Deputy RM, ZAM put excessive pressure to sell only one specific product. Too much Whatsapp groups. There are too much "Yes Sir" man here. Conference calls and training only conducted on weekends.

read more
  • Company culture - Poor
    • +1 more

Senior Business Development Executive in Bangalore / Bengaluru

Sales & Marketing Department

1.0
  •  posted on 20 Oct 2021
1.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

...r not selling particular product which they say and their is no much benefit.... Lesser salary more working hours and HR department is not strong .... I feel school kind of office like punishment and unofficial words .... Please do not join this company and worst company ever

read more
  • Salary - Bad
    • +6 more

Senior Business Development Executive in Godda

BANCASSURANCE(LIFE INSURANCE) Department

4.0
  •  posted on 02 Dec 2017
4.0
 for  Salary and Benefits

Likes

This company is well inovative and career growth in this compny is average....There is a little bit of Job security , salary and appraisal is good...Frequent traveling...No politics...work environment is average....Work life balance is good...

read more
  • Salary - Good
    • +3 more

Dislikes

Frequent traveling

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions
1w (edited)
an inside sales executive
Unexpected job policies: stay or switch?
I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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SBI Life Insurance Company Senior Business Development Executive Salary FAQs

What is the salary of Senior Business Development Executive at SBI Life Insurance Company in Mumbai?
The average salary of a Senior Business Development Executive at SBI Life Insurance Company in Mumbai typically ranges from ₹3.4 Lakhs to ₹5.4 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Senior Business Development Executive in Mumbai at SBI Life Insurance Company earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.4 Lakhs per year. Senior Business Development 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 30+ SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Senior Business Development Executive at SBI Life Insurance Company in Mumbai?
The estimated take-home salary of a Senior Business Development Executive at SBI Life Insurance Company in Mumbai typically ranges from ₹30,439 to ₹31,747 per month. This is based on the average salary range of ₹3.4 Lakhs to ₹5.4 Lakhs per year for employees with experience ranging from 1 year to 8 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 30+ salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Senior Business Development Executive at SBI Life Insurance Company in Mumbai?
To be a Senior Business Development Executive at SBI Life Insurance Company in Mumbai, the key skills required include:

  • - Business Development
  • - Area Management
  • - bdm
  • - Channel Partners
  • - bde

These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SBI Life Insurance Company for Senior Business Development Executive in India?
LOREAL ₹7.8 Lakhs to ₹12.8 Lakhs per year
Unacademy ₹4.3 Lakhs to ₹7.8 Lakhs per year
Extramarks Education ₹4.2 Lakhs to ₹7.3 Lakhs per year
ICICI Lombard General Insurance Company ₹5.9 Lakhs to ₹6.3 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 Senior Business Development Executive in companies similar to SBI Life Insurance Company in Mumbai?
The salary of a Senior Business Development Executive at companies similar to SBI Life Insurance Company in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Motilal Oswal Financial Services ₹2.5 Lakhs to ₹3.5 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 Senior Business Development Executive at SBI Life Insurance Company in Mumbai?
The salary growth for a Senior Business Development Executive at SBI Life Insurance Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Business Development Executive in Mumbai can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
1 year ₹3.6 Lakhs to ₹4.6 Lakhs per year
2 years ₹3.6 Lakhs to ₹4.6 Lakhs per year
3 years ₹3.4 Lakhs to ₹4.6 Lakhs per year
4 years ₹3.8 Lakhs to ₹5.0 Lakhs per year
and so on.

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SBI Life Insurance Company Senior Business Development Executive salary in Mumbai ranges between ₹3.4 Lakhs to ₹5.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 37 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.