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SBI Life Insurance Company Sr BDM salaries in India

Annual salary range
5 - 13 years exp.
₹3.5 Lakhs - ₹8.2 Lakhs
Salary of majority employees
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32% less than the average Sr BDM Salary in Insurance Companies for 5 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Sr BDM Salary
5 - 13 years exp. (56 salaries)
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₹3.5 L/yr - ₹7.7 L/yr

Sales & Business Development
Sr BDM Salary
5 - 13 years exp. (54 salaries)
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₹4 L/yr - ₹8.2 L/yr

Customer Success, Service & Operations
Sr BDM Salary
6 - 11 years exp. (13 salaries)
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₹4 L/yr - ₹7 L/yr

Marketing & Communication
Sr BDM Salary
6 - 11 years exp. (10 salaries)
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₹4.5 L/yr - ₹6.6 L/yr

Finance & Accounting
Sr BDM Salary
5 - 9 years exp. (6 salaries)
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₹3.5 L/yr - ₹6.4 L/yr

Last Updated: 14 Dec 2024

Companies similar to SBI Life Insurance Company for Sr BDM

Company name Avg Annual Salary Open Jobs
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ICICI Prudential Life Insurance Sr BDM Salary

0 - 13 years exp. (3 salaries)

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₹4 L/yr - ₹4.5 L/yr

arrow icon 25% less
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HDFC Life Sr BDM Salary

2 - 13 years exp. (4 salaries)

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₹3.2 L/yr - ₹4 L/yr

arrow icon 41% less
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Max Life Insurance Sr BDM Salary

5 - 17 years exp. (6 salaries)

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₹7.8 L/yr - ₹11 L/yr

arrow icon 54% more
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Bajaj Allianz Life Insurance Sr BDM Salary

3 - 19 years exp. (20 salaries)

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₹4.3 L/yr - ₹4.8 L/yr

arrow icon 19% less
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Reliance Nippon Life Insurance Sr BDM Salary

3 - 11 years exp. (4 salaries)

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₹4.3 L/yr - ₹6.6 L/yr

arrow icon 11% less
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Aditya Birla Sun Life Insurance Sr BDM Salary

9 - 15 years exp. (4 salaries)

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₹10.3 L/yr - ₹12 L/yr

arrow icon 102% more
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SBI General Insurance Sr BDM Salary

5 - 13 years exp. (32 salaries)

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₹3.8 L/yr - ₹7 L/yr

arrow icon 8% less
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₹4 L/yr - ₹9 L/yr

arrow icon 2% more
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Care Health Insurance Sr BDM Salary

7 - 15 years exp. (5 salaries)

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₹5.1 L/yr - ₹9.6 L/yr

arrow icon 25% more
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Shriram Life Insurance Sr BDM Salary

6 - 8 years exp. (4 salaries)

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₹2.8 L/yr - ₹3.2 L/yr

arrow icon 47% less
Sr BDM salary at SBI Life Insurance Company ranges between ₹3.5 Lakhs to ₹8.2 Lakhs per year for employees with experience between 5 years to 13 years. Salary estimates are based on 166 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Sr BDM

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9 years exp.
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Experience wise SBI Life Insurance Company Sr BDM salaries

Last Updated: 14 Dec 2024

Experience Avg Annual Salary
5 years  (16 salaries)

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₹3.9 L/yr - ₹6.5 L/yr
6 years  (20 salaries)

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₹3.5 L/yr - ₹6.6 L/yr
7 years  (29 salaries)

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₹4.5 L/yr - ₹7.5 L/yr
8 years  (31 salaries)

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₹3.5 L/yr - ₹7.5 L/yr
9 years  (24 salaries)

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₹3.5 L/yr - ₹7.5 L/yr
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SBI Life Insurance Company Sr BDM Salary and Career Growth

From

To

Sr BDM

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5 - 13 years exp.

Zonal Area Manager

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14 - 22 years exp.

Sr BDM 5 - 13 years exp.
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Area Manager 6 - 18 years exp.
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arrow icon 57% hike
Senior Area Manager 12 - 21 years exp.
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arrow icon 56% hike

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Salary related reviews for SBI Life Insurance Company

3.6

Rated by 45 employees for salary & benefits

Full Time

 · 

Marketing & Communication Department

4.0
  •  posted on 28 Jun 2022

4.0
 for  Salary and Benefits

Likes

...al alliance. The manager are not supportive everything you have to do your own . Always threatened you have bad impression how can you survive you are not justifying your salary mentally torcher . Regional Head and Zonal Manager are also not supportive . Process are not organised . Called everyday evening to harash people.

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Dislikes

Overall growth wise it's good company to grow and to earn but management is not goot . In my specific relationship almost 15 people resigned in 3 yrs . Pressure is too much no support. Management is also not supportive . You have to do of your own. They play with brand only .

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Banca sales Department

1.0
  •  posted on 20 Mar 2018

1.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

...ot atall concerned about ethical values. This company has Lowest infrastructure. Compensation is lowest amongst industry. Working system and process is pathetic. Learning module is weak. Only favorism and Partiality is in the senior's blood

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Full Time

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BFSI, Investments & Trading Department

2.0
  •  posted on 02 Dec 2024

2.0
 for  Salary and Benefits

Likes

Hr policy is very good of sbi life but Regional HR is Doll of Regional Director and Regional. Sbi life is a good Company like Government job for Back office employees like sales support, Operations department, Account Department, L&D Department and all Non Sales Employees. For Sales person QVP is Good if you have Good Branches and CIF

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Dislikes

...e those persons who are working in other companies and switching multiple times. A New Employee can get salary more then those employees who are working here from last 8 Year. Due to state bank sbi life is working other there is no respect of sbi life. Promotion norm is very hard, Increment norms is very bed. Over all this company is only for Lucky person like if you got a great cif or branches a temporary staff can do business. Over all this is very bed company for sales person due to QVP people stay here if Company announced there is no QVP 80% of Employees will left this company.

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Full Time

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BFSI, Investments & Trading Department

3.0
  •  posted on 17 Jan 2024

1.0
 for  Salary and Benefits

Likes

Even though the salary in this company is very less as per the work, the salary is paid on time.

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Dislikes

In today's times, it is important to work to support my family properly, hence I give my 100% to this company so that someday my salary will increase but after working for more than 1 year, I am realizing that It is very difficult to move forward, here we have to work till late night due to which we are not able to give time to our family, and even after doing so much work, we get very low salary so that I cannot support my family properly. I don't know how to do it, even after working for more than 14 hours every day, I don't get any bonus also.

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Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 18 Oct 2023

1.0
 for  Salary and Benefits

Likes

...R profile like a puppet.Every single decesion are managed by higher authorities. No work and life balance, salary are on time but no increment very pathetic salary structure. No self respect. No work time. No emotion . Daily pressure. Vary vary bad 😭

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Dislikes

Every thing Accept salary on time

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SBI Life Insurance Company Sr BDM Salary FAQs

What is the salary of Sr BDM at SBI Life Insurance Company?
Sr BDM salary at SBI Life Insurance Company in India ranges between ₹3.5 Lakhs to ₹8.2 Lakhs for experience between 5 years to 13 years. According to our estimates it is 32% less than the average Sr BDM Salary in India. Salary estimates are based on 166 latest salaries received from various employees of SBI Life Insurance Company India.
How does the salary of a Sr BDM at SBI Life Insurance Company India compare with the average salary range for this job?
The average salary of a Sr BDM at SBI Life Insurance Company is 32% less than the average salary of a Sr BDM in India. To know exact salary insights, login to view.
Which similar companies are paying more than SBI Life Insurance Company to a Sr BDM in India?
  • Aditya Birla Sun Life Insurance Sr BDM Salary - ₹10.3 Lakhs to ₹12.0 Lakhs per year
  • Max Life Insurance Sr BDM Salary - ₹7.8 Lakhs to ₹11.0 Lakhs per year
  • Care Health Insurance Sr BDM Salary - ₹5.1 Lakhs to ₹9.6 Lakhs per year
  • ICICI Lombard General Insurance Company Sr BDM Salary - ₹4.0 Lakhs to ₹9.0 Lakhs per year
What is the salary of a Sr BDM in companies similar to SBI Life Insurance Company in India?
  • SBI General Insurance Sr BDM Salary - ₹3.8 Lakhs to ₹7.0 Lakhs per year
  • Reliance Nippon Life Insurance Sr BDM Salary - ₹4.3 Lakhs to ₹6.6 Lakhs per year
  • Bajaj Allianz Life Insurance Sr BDM Salary - ₹4.3 Lakhs to ₹4.8 Lakhs per year
  • ICICI Prudential Life Insurance Sr BDM Salary - ₹4.0 Lakhs to ₹4.5 Lakhs per year
  • HDFC Life Sr BDM Salary - ₹3.2 Lakhs to ₹4.0 Lakhs per year
What is the estimated take home salary of a Sr BDM at SBI Life Insurance Company in India?
The estimated take-home salary of a Sr BDM at SBI Life Insurance Company ranges between ₹42,518 per month to ₹43,646 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Sr BDM salary in India which ranges between ₹3.5 Lakhs to ₹8.2 Lakhs per year for employees with experience between 5 years to 13 years. Check how did we calculate take home salary?
What is the notice period for Sr BDM at SBI Life Insurance Company?
According to AmbitionBox, 49% of the SBI Life Insurance Company Sr BDMs reported a notice period of 2 Months, 35% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 167 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

SBI Life Insurance Company Sr BDM salary in India ranges between ₹3.5 Lakhs to ₹8.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 166 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.