SBI Life Insurance Company Mumbai Sr BDM Salaries by 8 Employees (Updated 2025)

5 - 13 years exp.

₹5.3 Lakhs - ₹7.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

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... Read more

20% less than the average Sr BDM Salary in Insurance Companies for 5 - 13 years of experience

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Last Updated: 12 Jan 2025

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

SBI Life Insurance Company Sr BDM Salary

5 - 13 years exp. (8 salaries)

₹5.3 L/yr - ₹7.7 L/yr

Company name	Avg Annual Salary	Open Jobs
SBI General Insurance Sr BDM Salary 2 - 11 years exp. (12 salaries)	₹4.4 L/yr - ₹6.5 L/yr 10% less
IndusInd Bank Sr BDM Salary 5 - 8 years exp. (6 salaries)	₹4 L/yr - ₹5 L/yr 28% less
Login to view exact salary
IndiaFirst Life Insurance Sr BDM Salary 5 - 9 years exp. (6 salaries)	₹5.8 L/yr - ₹6.5 L/yr 3% less

Hacker Kitchens Sr BDM Salary 8 years exp. (6 salaries)	₹18 L/yr - ₹23 L/yr 222% more
Goibibo Sr BDM Salary 6 - 9 years exp. (5 salaries)	₹4.1 L/yr - ₹8.2 L/yr 10% more

From

Sr BDM

₹

Lakhs/yr

5 - 13 years exp.

Zonal Area Manager

₹

Lakhs/yr

13 - 21 years exp.

Sr BDM

5 - 13 years exp.

Area Manager

6 - 18 years exp.

63% hike

Senior Area Manager

9 - 21 years exp.

48% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

SBI Life Insurance Company Sr BDM salaries by

Years of experience	Avg. annual salary
5 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
6 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
Login to view exact salary
7 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹7 L/yr
8 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7.1 L/yr
9 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
10 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr
11 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
12 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
13 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr

View all salaries by experience

Top trending discussions

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Career Growth

1w (edited)

pleasantfox

works at

Insurance Sector

Stability vs Growth

I worked in a company for 20 years and suddenly put off role. Searching jobs I realised I am over age for various roles that I could do and less experienced for Leadership Roles as my exposure was limited. I always thought I am earning decent money and can work another 7 years and retire at 50. Though the younger generation is much smarter I still want to advise them (BFSI specific) * Work in a role for max 2-3 years and switch when you feel you are done. * By age of 30, if you are still earning less than 10 lakh you are not growing * By age of 35 you must become AVP as no company will hire AVP if you are more than 36. *Be loyal to your self, not your organization. * Most importantly save atleast 30% or more of whatever your CTC. Donot spend much with every raise. * Buy a property, and pay loans before 35. In tough times it's only Savings that give you cushion and peace nothing else

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Salary related reviews for SBI Life Insurance Company

3.7

Rated by 3 employees for salary & benefits

Sr BDM in Daryaganj

Full Time

Marketing & Communication Department

4.0

• updated 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.

Salary - Good

+3 more

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 .

Work-life balance - Poor

Sr BDM in Ahmedabad

Banca sales Department

1.0

• updated 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

Salary - Bad

+6 more

Business Development Manager in Ernakulam

Full Time

Sales & Business Development Department

3.0

• updated on 11 Jun 2025

4.0

for Salary and Benefits

Likes

Company is excellent in conducting programs and events, Salary and other allowances are up to date

Salary - Good

+1 more

Dislikes

Individual targets in Ulip,Par,Non par & Protection separate target for SBI Yono plans, also have high pressure and targets for adding riders in the plans, will make you to travel all over Kerala for individual reviews if business is low

Promotions - Bad

Senior Business Development Executive in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• updated on 29 Apr 2025

3.0

for Salary and Benefits

Likes

Salary structure are good in sbi life

Dislikes

Management are bad even seniors are not take initiate to talk with clients and IA chaneel seriously need to work on management. No self employee portal access even you have to login your id from BO only

Skill development - Poor

+5 more

Business Development Manager in Deoghar

Full Time

Marketing & Communication Department

5.0

• updated on 30 Jan 2025

2.0

for Salary and Benefits

Likes

Very good policy, good Behaviour from all senior Management.

Skill development - Good

+3 more

Dislikes

I am working from last 8 year but my salary is very low. If someone working is in other companies and they switched from there to here they are getting good CTC. If you are working in good location and if your assign branch and branch manager is good so you can get promotion but if you not working in good location or your assign branch is not good it's very deficit to get promotion.

Salary - Poor

see more salary related reviews

SBI Life Insurance Company Sr BDM Salary FAQs

What is the salary of Sr BDM at SBI Life Insurance Company in Mumbai?

The average salary of a Sr BDM at SBI Life Insurance Company in Mumbai typically ranges from ₹5.3 Lakhs to ₹7.7 Lakhs per year, depending on experience (from 5 years to 13 years).

The top 10% of Sr BDM in Mumbai at SBI Life Insurance Company earn more than ₹7.7 Lakhs per year, and the top 1% earn over ₹7.7 Lakhs per year. Sr BDM 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 8 SBI Life Insurance Company employees in India.

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 in Mumbai typically ranges from ₹47,329 to ₹48,449 per month. This is based on the average salary range of ₹5.3 Lakhs to ₹7.7 Lakhs per year for employees with experience ranging from 5 years to 13 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 8 salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI Life Insurance Company for Sr BDM in India?

Hacker Kitchens	₹18.0 Lakhs to ₹23.0 Lakhs per year
Goibibo	₹4.1 Lakhs to ₹8.2 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 Sr BDM in companies similar to SBI Life Insurance Company in Mumbai?

The salary of a Sr BDM 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:

IndiaFirst Life Insurance	₹5.8 Lakhs to ₹6.5 Lakhs per year
SBI General Insurance	₹4.4 Lakhs to ₹6.5 Lakhs per year
IndusInd Bank	₹4.0 Lakhs to ₹5.0 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 Sr BDM at SBI Life Insurance Company in Mumbai?

The salary growth for a Sr BDM at SBI Life Insurance Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Sr BDM in Mumbai can expect the following growth trajectory at SBI Life Insurance Company:

Experience	Average Salary Range
5 years	₹5.3 Lakhs to ₹6.8 Lakhs per year
6 years	₹5.4 Lakhs to ₹6.9 Lakhs per year
7 years	₹5.4 Lakhs to ₹7.0 Lakhs per year
8 years	₹5.5 Lakhs to ₹7.1 Lakhs per year

and so on.

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SBI Life Insurance Company Sr BDM Salaries in Mumbai

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