Shriram Life Insurance BDM Salaries by 6 Employees

0 - 9 years exp.

₹2.2 Lakhs - ₹6.2 Lakhs

Low Confidence

Salary of majority employees

29% less than the average BDM Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading BDM Salary 3 - 9 years exp. (3 salaries)	₹2.4 L/yr - ₹6.2 L/yr
Human Resources BDM Salary Fresher (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr
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Marketing & Communication BDM Salary 5 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.1 L/yr
Production, Manufacturing & Engineering BDM Salary 5 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr

Last Updated: 12 Dec 2024

Companies similar to Shriram Life Insurance for BDM

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company BDM Salary 2 - 10 years exp. (177 salaries)	₹1.9 L/yr - ₹6.5 L/yr 20% more
HDFC Life BDM Salary 0 - 10 years exp. (168 salaries)	₹2 L/yr - ₹4.3 L/yr 8% less
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SBI General Insurance BDM Salary 1 - 7 years exp. (44 salaries)	₹2 L/yr - ₹4.5 L/yr 8% less
Bajaj Allianz Life Insurance BDM Salary 0 - 13 years exp. (26 salaries)	₹3.4 L/yr - ₹5.2 L/yr 18% more
Bajaj Allianz General Insurance BDM Salary 2 - 16 years exp. (8 salaries)	₹4 L/yr - ₹6.8 L/yr 55% more
Aditya Birla Sun Life Insurance BDM Salary 1 - 10 years exp. (7 salaries)	₹3 L/yr - ₹5.8 L/yr 13% more
Aditya Birla Health Insurance Co BDM Salary 4 - 13 years exp. (7 salaries)	₹3.3 L/yr - ₹5.5 L/yr 20% more
Axis Max Life Insurance BDM Salary 1 - 12 years exp. (6 salaries)	₹3.4 L/yr - ₹7.2 L/yr 40% more
Reliance Nippon Life Insurance BDM Salary 3 - 9 years exp. (5 salaries)	₹3.2 L/yr - ₹4.5 L/yr 4% more
Tata AIA Life Insurance BDM Salary 3 - 11 years exp. (5 salaries)	₹2.8 L/yr - ₹3.3 L/yr 19% less
ICICI Prudential Life Insurance BDM Salary 1 - 4 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 17% less
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Life Insurance Corporation of India BDM Salary 0 - 5 years exp. (4 salaries)	₹1.8 L/yr - ₹3.5 L/yr 27% less
ICICI Lombard General Insurance Company BDM Salary 4 - 10 years exp. (4 salaries)	₹1.9 L/yr - ₹6.6 L/yr 1% less
Kotak Mahindara Life Insurance BDM Salary 0 - 17 years exp. (4 salaries)	₹4.5 L/yr - ₹8.8 L/yr 88% more

BDM salary at Shriram Life Insurance ranges between ₹2.2 Lakhs to ₹6.2 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 6 latest salaries received from various employees of Shriram Life Insurance.

Experience wise Shriram Life Insurance BDM salaries

Last Updated: 12 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.8 L/yr
1 year (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
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2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.4 L/yr
4 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
8 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
9 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6.2 L/yr

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Salary related reviews for Shriram Life Insurance

2.1

Rated by 2 employees for salary & benefits

Unit Manager in Hubli

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 19 Jun 2023

1.0

for Salary and Benefits

Likes

There is not a single good things about Shriram life insurance Company. Its horrible place for work.

Dislikes

Reckless Boss, after joining 1st month salary provided after that No salary no response from HR, your attendance doesn't matters. If they wish then only you will get salary. One of the worst experience I had in 6months.

Salary - Bad

+6 more

Renewal Executive in Egmore

Full Time

Renewal Department

2.0

• posted on 23 Sep 2022

4.0

for Salary and Benefits

Likes

Salary credited on month end without any failed

Salary - Good

+1 more

Dislikes

Terrible environment I’ve been worked here at last 6 months and I’m literally feeling like depressed because nobody talk about anything other than just performance that they need 100% no matter what or else the TL & Assistant manager will make you feel like that you are just the worse person on this earth rather than motivating you. main thing is cases allocated to callers by partiality. The actual shift time should be 9.30 am to 6.30.pm but the TL & Assistant manager will extend the shit to 8.pm also.. it is like a torture & people feel like depressed. In my entire life I can’t see myself suggesting anyone to join this organisation.

Job security - Bad

+2 more

Customer Service Executive in Hyderabad / Secunderabad

Other Department

5.0

• posted on 04 May 2021

4.0

for Salary and Benefits

Likes

Good work environment and culture.and supportive our team n management. There is a huge cafeteria n gaming arcade for chillin on very weekend . Company policies are good appraisal are good n fair n they offer good package with insensitive with every year I liked to be one of the part the company thanks

Salary - Good

+5 more

Dislikes

There is a lots of politics in management and it's doesn't address our issues. Salary is good but growth is slow. There is training but not much going for new joiners

Sales Executive in Hyderabad / Secunderabad

Customer Service Department

1.0

• posted on 09 Mar 2021

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

... If my father is not well they are telling to get the sell from family members. They have told that If I sell the product the my family member then I will get my salary otherwise not see this is the company which is not at all employee centric it is only about their reputation and in terms of their reputation that are cheating their customers. So do not believe in this company please believe a trusted one.

Salary - Bad

+6 more

Customer Relationship Executive in Hyderabad / Secunderabad

Sales & Operations Department

1.0

• posted on 05 Feb 2021

1.0

for Salary and Benefits

Likes

Shriram life insurance is a worst company to work. I'm totally waiste 3.6 years valuable time in this fraud company. Hr team is very lazy. Salaries are very low. They are not given proper information about their life insurance products to customer. I will not recommend to join this fraud company.

Dislikes

Least salary structure. Irresponsible hr team. No Job security.

Salary - Bad

+6 more

see more salary related reviews

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Shriram Life Insurance BDM Salary FAQs

What is the salary of BDM at Shriram Life Insurance ?

The average salary of a BDM at Shriram Life Insurance in India typically ranges from ₹2.2 Lakhs to ₹6.2 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of BDM at Shriram Life Insurance earn more than ₹6.1 Lakhs per year, and the top 1% earn over ₹6.2 Lakhs per year. BDM Salaries at Shriram Life Insurance 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 6 Shriram Life Insurance employees in India.

What is the estimated take home salary of a BDM at Shriram Life Insurance in India?

The estimated take-home salary of a BDM at Shriram Life Insurance in India typically ranges from ₹27,502 to ₹28,904 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹6.2 Lakhs per year for employees with experience ranging from Fresher to 9 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 6 salaries received from various employees of Shriram Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Shriram Life Insurance for BDM in India?

Kotak Mahindara Life Insurance	₹4.5 Lakhs to ₹8.8 Lakhs per year
Bajaj Allianz General Insurance	₹4.0 Lakhs to ₹6.8 Lakhs per year
Axis Max Life Insurance	₹3.4 Lakhs to ₹7.2 Lakhs per year
Aditya Birla Health Insurance Co	₹3.3 Lakhs to ₹5.5 Lakhs per year
SBI Life Insurance Company	₹1.9 Lakhs to ₹6.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Shriram Life Insurance, depending on the role and experience level.

What is the salary of a BDM in companies similar to Shriram Life Insurance in India?

The salary of a BDM at companies similar to Shriram Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance	₹3.4 Lakhs to ₹5.2 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.0 Lakhs to ₹5.8 Lakhs per year
Reliance Nippon Life Insurance	₹3.2 Lakhs to ₹4.5 Lakhs per year
ICICI Lombard General Insurance Company	₹1.9 Lakhs to ₹6.6 Lakhs per year
SBI General Insurance	₹2.0 Lakhs to ₹4.5 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 BDM at Shriram Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹0.9 Lakhs to ₹2.8 Lakhs per year
1 year	₹1.9 Lakhs to ₹2.5 Lakhs per year
2 years	₹2.3 Lakhs to ₹2.9 Lakhs per year
3 years	₹2.4 Lakhs to ₹5.4 Lakhs per year

and so on.

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Shriram Life Insurance BDM Salaries by Location

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Shriram Life Insurance BDM Salaries

Shriram Life Insurance BDM salary in India ranges between ₹2.2 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.