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SBI Life Insurance Company Sr. BDE salaries in Mumbai

Annual salary range
3 - 8 years exp.
₹3.3 Lakhs - ₹5 Lakhs
Salary of majority employees
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18% less than the average Sr. BDE Salary in Insurance Companies for 3 - 8 years of experience

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Salaries in different departments

Sales & Business Development
Sr. BDE Salary
6 - 8 years exp. (4 salaries)
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₹3.3 L/yr - ₹5 L/yr

BFSI, Investments & Trading
Sr. BDE Salary
7 - 8 years exp. (AmbitionBox Estimate)
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₹4.1 L/yr - ₹4.3 L/yr

Marketing & Communication
Sr. BDE Salary
3 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹4.3 L/yr

Last Updated: 25 Dec 2024

Companies similar to SBI Life Insurance Company for Sr. BDE in Mumbai

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SBI Life Insurance Company Sr. BDE Salary

3 - 8 years exp. (10 salaries)

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₹3.3 L/yr - ₹5 L/yr

vs
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₹5.9 L/yr - ₹6.4 L/yr

arrow icon 42% more
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Unacademy Sr. BDE Salary

2 - 7 years exp. (11 salaries)

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₹5 L/yr - ₹7 L/yr

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GATI-KWE Sr. BDE Salary

4 - 8 years exp. (6 salaries)

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₹4.1 L/yr - ₹6.2 L/yr

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uFaber Sr. BDE Salary

1 - 4 years exp. (4 salaries)

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₹4.5 L/yr - ₹6 L/yr

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Prasol Chemicals Sr. BDE Salary

6 - 20 years exp. (4 salaries)

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₹6.7 L/yr - ₹12 L/yr

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Sr. BDE salary at SBI Life Insurance Company ranges between ₹3.3 Lakhs to ₹5 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 10 latest salaries received from various employees of SBI Life Insurance Company.

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

3mo ago
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3 years exp.
5mo ago
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7 years exp.
5mo ago
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6 years exp.
1y ago
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8 years exp.
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8 years exp.

Experience wise SBI Life Insurance Company Sr. BDE salaries in Mumbai

Last Updated: 25 Dec 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr
4 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr
6 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr
7 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr
View all
SBI Life Insurance Company Sr. BDE Salary and Career Growth

From

To

Sr. BDE

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2 - 9 years exp.

Zonal Area Manager

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14 - 21 years exp.

Sr. BDE

2 - 9 years exp.
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BDM

2 - 10 years exp.
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arrow icon 7% hike

Sr BDM

5 - 13 years exp.
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arrow icon 27% 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.

Salary related reviews for SBI Life Insurance Company

2.6

Rated by 6 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 09 Mar 2023

3.0
 for  Salary and Benefits

Likes

Your salary gets credited on time and there is job security.

  • Job security - Good

Dislikes

1 - immense work and target pressure 2 - no proper sales support 3 - time gets wasted in manual work, no automation in several aspects 4 - ground level issues of BDE/BDM is never heard by upper management 5 - no one cares if you quit the job, there is no exit interview 6 - no work life balance, worked even on sundays and bank holidays

read more
  • Promotions - Bad
  • +1 more

Full Time

 · 

Marketing & Communication Department

5.0
  •  posted 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.

read more
  • Salary - Poor

Full Time

 · 

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.

read more

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.

read more
  • Salary - Bad
  • +4 more

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 😭

read more
  • Job security - Good
  • +1 more

Dislikes

Every thing Accept salary on time

  • Salary - Bad
  • +4 more

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.

read more
  • Skill development - Good
  • +2 more

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.

read more
  • Salary - Poor
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SBI Life Insurance Company Sr. BDE Salary FAQs

What is the salary of Sr. BDE at SBI Life Insurance Company in Mumbai?
The average salary of a Sr. BDE at SBI Life Insurance Company in Mumbai typically ranges from ₹3.3 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 3 years to 8 years).

The top 10% of Sr. BDE in Mumbai at SBI Life Insurance Company earn more than ₹4.7 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Sr. BDE 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 10 SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Sr. BDE at SBI Life Insurance Company in Mumbai?
The estimated take-home salary of a Sr. BDE at SBI Life Insurance Company in Mumbai typically ranges from ₹31,152 to ₹32,449 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 3 years 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 10 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. BDE in India?
Prasol Chemicals ₹6.7 Lakhs to ₹12.0 Lakhs per year
Unacademy ₹5.0 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company ₹5.9 Lakhs to ₹6.4 Lakhs per year
GATI-KWE ₹4.1 Lakhs to ₹6.2 Lakhs per year
uFaber ₹4.5 Lakhs to ₹6.0 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.
How the salary growth look like for a Sr. BDE at SBI Life Insurance Company in Mumbai?
The salary growth for a Sr. BDE at SBI Life Insurance Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Sr. BDE in Mumbai can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
3 years ₹3.8 Lakhs to ₹4.8 Lakhs per year
4 years ₹3.8 Lakhs to ₹4.8 Lakhs per year
5 years ₹3.8 Lakhs to ₹4.8 Lakhs per year
6 years ₹3.8 Lakhs to ₹4.8 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Sr. BDE salary in Mumbai ranges between ₹3.3 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.