SBI Life Insurance Company Mumbai Senior Business Development Executive Salaries by 40+ Employees (Updated 2025)

1 - 10 years exp.

₹3.4 Lakhs - ₹5.4 Lakhs

Salary of majority employees

26% less than the average Senior Business Development Executive Salary in Insurance Companies for 1 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Business Development Executive Salary 1 - 9 years exp. (18 salaries)	₹3.5 L/yr - ₹5.4 L/yr
Sales & Business Development Senior Business Development Executive Salary 2 - 10 years exp. (11 salaries)	₹3.5 L/yr - ₹5.1 L/yr
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Customer Success, Service & Operations Senior Business Development Executive Salary 1 - 9 years exp. (7 salaries)	₹4.3 L/yr - ₹4.7 L/yr
Finance & Accounting Senior Business Development Executive Salary 3 - 6 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
Marketing & Communication Senior Business Development Executive Salary 5 years exp. (AmbitionBox Estimate)	₹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

SBI Life Insurance Company Senior Business Development Executive Salary

1 - 10 years exp. (42 salaries)

₹3.4 L/yr - ₹5.4 L/yr

Company name	Avg Annual Salary	Open Jobs
Bharti AXA Life Insurance Senior Business Development Executive Salary 3 - 12 years exp. (6 salaries)	₹3.4 L/yr - ₹7 L/yr 32% more
ICICI Lombard General Insurance Company Senior Business Development Executive Salary 2 - 10 years exp. (5 salaries)	₹5.9 L/yr - ₹6.3 L/yr 45% more
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Unacademy Senior Business Development Executive Salary 1 - 8 years exp. (33 salaries)	₹4.3 L/yr - ₹7.8 L/yr 52% more
Motilal Oswal Financial Services Senior Business Development Executive Salary 2 - 5 years exp. (29 salaries)	₹2.5 L/yr - ₹3.5 L/yr 25% less
LOREAL Senior Business Development Executive Salary 4 - 12 years exp. (23 salaries)	₹7.8 L/yr - ₹13 L/yr 183% 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 10 years. Salary estimates are based on 42 latest salaries received from various employees of SBI Life Insurance Company.

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)	₹1.6 L/yr - ₹4.5 L/yr
2 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.8 L/yr
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3 years (7 salaries)	₹3.4 L/yr - ₹4.6 L/yr
4 years (6 salaries)	₹3.8 L/yr - ₹5 L/yr
5 years (9 salaries)	₹3.5 L/yr - ₹5.4 L/yr
6 years (4 salaries)	₹4 L/yr - ₹5.4 L/yr
7 years (5 salaries)	₹1.7 L/yr - ₹5.1 L/yr
8 years (3 salaries)	₹1.7 L/yr - ₹5 L/yr
9 years (3 salaries)	₹1.7 L/yr - ₹5 L/yr
10 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.7 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Business Development Manager Salary

(61 salaries)

₹3 L/yr - ₹7 L/yr

Sales Executive Salary

(6 salaries)

₹2 L/yr - ₹3 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.

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.

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

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.

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.

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

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...

Salary - Good

+3 more

Dislikes

Frequent traveling

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Salary Discussions, Hike & Promotions

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 Senior Business Development Executive Salary FAQs

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

Senior Business Development Executive salary at SBI Life Insurance Company in Mumbai ranges between ₹3.4 Lakhs to ₹5.4 Lakhs for experience between 1 years to 10 years. According to our estimates it is 26% less than the average Senior Business Development Executive Salary in India. Salary estimates are based on 42 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

How does the salary of a Senior Business Development Executive at SBI Life Insurance Company Mumbai compare with the average salary range for this job?

The average salary of a Senior Business Development Executive at SBI Life Insurance Company is 26% less than the average salary of a Senior Business Development Executive in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Senior Business Development Executive at SBI Life Insurance Company?

Business Development, Area Management, bdm, Channel Partners and bde are some of the popular skills required to work as a Senior Business Development Executive at SBI Life Insurance Company Mumbai.

Which similar companies are paying more than SBI Life Insurance Company to a Senior Business Development Executive in Mumbai?

LOREAL Senior Business Development Executive Salary - ₹7.8 Lakhs to ₹13.0 Lakhs per year
Unacademy Senior Business Development Executive Salary - ₹4.3 Lakhs to ₹7.8 Lakhs per year
ICICI Lombard General Insurance Company Senior Business Development Executive Salary - ₹5.9 Lakhs to ₹6.3 Lakhs per year
Bharti AXA Life Insurance Senior Business Development Executive Salary - ₹3.4 Lakhs to ₹7.0 Lakhs per year

What is the salary of a Senior Business Development Executive in companies similar to SBI Life Insurance Company in Mumbai?

Motilal Oswal Financial Services Senior Business Development Executive Salary - ₹2.5 Lakhs to ₹3.5 Lakhs per year

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 ranges between ₹30,616 per month to ₹31,921 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Senior Business Development Executive salary in India which ranges between ₹3.4 Lakhs to ₹5.4 Lakhs per year for employees with experience between 1 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Senior Business Development Executive at SBI Life Insurance Company in Mumbai?

According to AmbitionBox, 50% of the SBI Life Insurance Company Senior Business Development Executives in Mumbai reported a notice period of 1 Month, 38% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 16 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Senior Business Development Executive Salaries in Mumbai

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 ₹. Salary estimates are based on 42 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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

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

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

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

Similar Designation salaries in SBI Life Insurance Company

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

Salary related reviews for SBI Life Insurance Company

Senior Business Development Executive in Ongole

Senior Business Development Executive in Fatehpur Sikri

Senior Business Development Executive in Raipur

Senior Business Development Executive in Bangalore / Bengaluru

Senior Business Development Executive in Godda

SBI Life Insurance Company Senior Business Development Executive Salary FAQs

Tell us how to improve this page.