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SBI Life Insurance Company Sr BDM salaries in Mumbai

Annual salary range
5 - 13 years exp.
₹5.3 Lakhs - ₹7.7 Lakhs
Salary of majority employees
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28% 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
8 - 13 years exp. (4 salaries)
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₹5.3 L/yr - ₹7.7 L/yr

Sales & Business Development
Sr BDM Salary
5 - 10 years exp. (4 salaries)
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₹5.5 L/yr - ₹6.6 L/yr

Last Updated: 14 Dec 2024

Companies similar to SBI Life Insurance Company for Sr BDM in Mumbai

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SBI Life Insurance Company Sr BDM Salary

5 - 13 years exp. (8 salaries)

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₹5.3 L/yr - ₹7.7 L/yr

vs
Company name Avg Annual Salary Open Jobs
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SBI General Insurance Sr BDM Salary

5 - 11 years exp. (9 salaries)

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₹4.6 L/yr - ₹6.5 L/yr

arrow icon 3% less
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IndiaFirst Life Insurance Sr BDM Salary

5 - 9 years exp. (6 salaries)

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₹5.5 L/yr - ₹6.5 L/yr

arrow icon 1% less
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Hacker Kitchens Sr BDM Salary

8 years exp. (6 salaries)

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₹18 L/yr - ₹23 L/yr

arrow icon 255% more
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IndusInd Bank Sr BDM Salary

5 - 8 years exp. (4 salaries)

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₹4 L/yr - ₹4.5 L/yr

arrow icon 21% less
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Talentpro Sr BDM Salary

9 - 12 years exp. (4 salaries)

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₹7.5 L/yr - ₹8.5 L/yr

arrow icon 46% more
Sr BDM salary at SBI Life Insurance Company ranges between ₹5.3 Lakhs to ₹7.7 Lakhs per year for employees with experience between 5 years to 13 years. Salary estimates are based on 8 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Sr BDM in Mumbai

5d ago
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9 years exp.
3w ago
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9 years exp.
2mo ago
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10 years exp.
5mo ago
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13 years exp.
1y ago
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12 years exp.
1y ago
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10 years exp.
1y ago
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5 years exp.
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8 years exp.

Experience wise SBI Life Insurance Company Sr BDM salaries in Mumbai

Last Updated: 14 Dec 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹2.1 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)

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₹4.9 L/yr - ₹6.2 L/yr
7 years (AmbitionBox Estimate)

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₹4.9 L/yr - ₹6.3 L/yr
8 years (AmbitionBox Estimate)

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₹5.3 L/yr - ₹10 L/yr
9 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹10.1 L/yr
View all
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

3.7

Rated by 3 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

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

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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SBI Life Insurance Company Sr BDM Salary FAQs

What is the salary of Sr BDM at SBI Life Insurance Company Mumbai?
Sr BDM salary at SBI Life Insurance Company in Mumbai ranges between ₹5.3 Lakhs to ₹7.7 Lakhs for experience between 5 years to 13 years. According to our estimates it is 28% less than the average Sr BDM Salary in India. Salary estimates are based on 8 latest salaries received from various employees of SBI Life Insurance Company Mumbai.
How does the salary of a Sr BDM at SBI Life Insurance Company Mumbai compare with the average salary range for this job?
The average salary of a Sr BDM at SBI Life Insurance Company is 28% less than the average salary of a Sr BDM in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than SBI Life Insurance Company to a Sr BDM in Mumbai?
  • Hacker Kitchens Sr BDM Salary - ₹18.0 Lakhs to ₹23.0 Lakhs per year
  • Talentpro Sr BDM Salary - ₹7.5 Lakhs to ₹8.5 Lakhs per year
What is the salary of a Sr BDM in companies similar to SBI Life Insurance Company in Mumbai?
  • IndiaFirst Life Insurance Sr BDM Salary - ₹5.5 Lakhs to ₹6.5 Lakhs per year
  • SBI General Insurance Sr BDM Salary - ₹4.6 Lakhs to ₹6.5 Lakhs per year
  • IndusInd Bank Sr BDM Salary - ₹4.0 Lakhs to ₹4.5 Lakhs per year
What is the estimated take home salary of a Sr BDM at SBI Life Insurance Company in Mumbai?
The estimated take-home salary of a Sr BDM at SBI Life Insurance Company ranges between ₹42,687 per month to ₹43,813 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Sr BDM salary in India which ranges between ₹5.3 Lakhs to ₹7.7 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 in Mumbai?
According to AmbitionBox, 75% of the SBI Life Insurance Company Sr BDMs in Mumbai reported a notice period of 2 Months, 13% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

SBI Life Insurance Company Sr BDM salary in Mumbai ranges between ₹5.3 Lakhs to ₹7.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.