Star Union Dai-ichi Life Insurance BDM Salaries by 5 Employees

1 - 5 years exp.

₹2 Lakhs - ₹5 Lakhs

Salary of majority employees

25% less than the average BDM Salary in Insurance Companies for 1 - 5 years of experience

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Last Updated: 9 Aug 2023

Companies similar to Star Union Dai-ichi 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 14% more
HDFC Life BDM Salary 0 - 10 years exp. (168 salaries)	₹2 L/yr - ₹4.3 L/yr 12% less
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SBI General Insurance BDM Salary 1 - 7 years exp. (44 salaries)	₹2 L/yr - ₹4.5 L/yr 12% less
Bajaj Allianz Life Insurance BDM Salary 0 - 13 years exp. (26 salaries)	₹3.4 L/yr - ₹5.2 L/yr 12% more
Niva Bupa Health Insurance Company BDM Salary 0 - 9 years exp. (13 salaries)	₹2.8 L/yr - ₹5.8 L/yr 2% more
Aditya Birla Sun Life Insurance BDM Salary 1 - 10 years exp. (7 salaries)	₹3 L/yr - ₹5.8 L/yr 7% more
Axis Max Life Insurance BDM Salary 1 - 12 years exp. (6 salaries)	₹3.4 L/yr - ₹7.2 L/yr 33% more
Canara HSBC Life Insurance BDM Salary 0 - 17 years exp. (6 salaries)	₹3.2 L/yr - ₹5.6 L/yr 12% more
Tata AIA Life Insurance BDM Salary 3 - 11 years exp. (5 salaries)	₹2.8 L/yr - ₹3.3 L/yr 23% less
ICICI Prudential Life Insurance BDM Salary 1 - 4 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 21% less
ICICI Lombard General Insurance Company BDM Salary 4 - 10 years exp. (4 salaries)	₹1.9 L/yr - ₹6.6 L/yr 6% less
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Tata AIG BDM Salary 5 - 8 years exp. (4 salaries)	₹2.5 L/yr - ₹3.1 L/yr 30% less
Cholamandalam MS General Insurance BDM Salary 4 - 8 years exp. (4 salaries)	₹2.8 L/yr - ₹10 L/yr 78% more
Kotak Mahindara Life Insurance BDM Salary 0 - 17 years exp. (4 salaries)	₹4.5 L/yr - ₹8.8 L/yr 79% more
ManipalCigna Health Insurance BDM Salary 1 - 13 years exp. (4 salaries)	₹3.4 L/yr - ₹6 L/yr 8% more

BDM salary at Star Union Dai-ichi Life Insurance ranges between ₹2 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Star Union Dai-ichi Life Insurance.

Experience wise Star Union Dai-ichi Life Insurance BDM salaries

Last Updated: 9 Aug 2023

Experience	Avg Annual Salary
1 year (3 salaries)	₹2 L/yr - ₹6.2 L/yr
2 years (AmbitionBox Estimate)	₹2 L/yr - ₹6.7 L/yr
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3 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.5 L/yr
4 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5 L/yr

Similar Designation salaries in Star Union Dai-ichi Life Insurance

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Relationship Officer Salary

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₹2.5 L/yr - ₹4.85 L/yr

Deputy Manager Salary

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₹3.8 L/yr - ₹12.27 L/yr

Senior Associate Salary

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₹2.9 L/yr - ₹5.4 L/yr

Business Development Associate Salary

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₹2.4 L/yr - ₹4.4 L/yr

Area Manager Salary

(60 salaries)

₹7.8 L/yr - ₹17.05 L/yr

Premier Relationship Manager Salary

(32 salaries)

₹3.8 L/yr - ₹6.5 L/yr

Management Trainee Salary

(23 salaries)

₹3.96 L/yr - ₹17 L/yr

Assistant Vice President Salary

(22 salaries)

₹19 L/yr - ₹45 L/yr

MIS Executive Salary

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₹2.5 L/yr - ₹4.27 L/yr

Salary related reviews for Star Union Dai-ichi Life Insurance

3.0

Rated by 1 employees for salary & benefits

Senior Team Member in Navi Mumbai

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 26 Nov 2024

3.0

for Salary and Benefits

Likes

The people here support eachother and work. As company is still at growing stage it helps the young people like us to grab opportunities to learn and grow along with the company.

Skill development - Excellent

+5 more

Dislikes

Some policies regarding transfer wherein our salary did not get revised only we got add on allowances. However revisions of salary will be crucial as it will help us with our personal growth and also help us earn more bonus.

Area Manager in Mumbai

Full Time

Strategic & Top Management Department

1.0

• posted on 08 Jan 2024

1.0

for Salary and Benefits

Likes

Nothing.

Dislikes

...hire you is on hold and told you to wait for sometime but that never happens. Salary is on lower side without any good increament. List goes on

Salary - Bad

+5 more

Team Lead in Navi Mumbai

Contractual

Customer Success, Service & Operations Department

2.0

• posted on 30 Oct 2023

1.0

for Salary and Benefits

Likes

One thing is best is abhay tiwari down to earth person. Sud life is good company.managment is least bother about their work.

Company culture - Good

Dislikes

No mangement, least bother for contrual employee, no benefit, less salary more work for contract employee but pay roll less work and more salary best example satyam parkar from customer engagement team and email process both the process he made it horrible.

Salary - Bad

+5 more

Area Manager in Ludhiana

BFSI, Investments & Trading Department

5.0

• posted on 27 Mar 2021

3.0

for Salary and Benefits

Likes

It was wonderful experience working in Star Union as a Area head,,,,I learnt lot of new things, relationship,PSU sector,,big exposure......great boss ,,,great team,,overall great experience......

Skill development - Good

+3 more

Dislikes

Compensation and payout for channel partner.

AVP in Kochi

Administration Department

5.0

• posted on 25 Dec 2019

3.0

for Salary and Benefits

Likes

Work environment was good. But I personally felt that lot of politics as usual was present here also.

Skill development - Excellent

+2 more

Dislikes

cutting existing salary of staff who were trained by me with lot of effort and then taking staff at high CTC , often hired from other companies where the present executives worked.

Job security - Poor

+1 more

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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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Star Union Dai-ichi Life Insurance BDM Salary FAQs

What is the salary of BDM at Star Union Dai-ichi Life Insurance ?

The average salary of a BDM at Star Union Dai-ichi Life Insurance in India typically ranges from ₹2.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of BDM at Star Union Dai-ichi Life Insurance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. BDM Salaries at Star Union Dai-ichi 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 5 Star Union Dai-ichi Life Insurance employees in India.

What is the estimated take home salary of a BDM at Star Union Dai-ichi Life Insurance in India?

The estimated take-home salary of a BDM at Star Union Dai-ichi Life Insurance in India typically ranges from ₹29,105 to ₹30,483 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year to 5 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 5 salaries received from various employees of Star Union Dai-ichi Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Star Union Dai-ichi Life Insurance for BDM in India?

Kotak Mahindara Life Insurance	₹4.5 Lakhs to ₹8.8 Lakhs per year
Cholamandalam MS General Insurance	₹2.8 Lakhs to ₹10.0 Lakhs per year
Axis Max Life Insurance	₹3.4 Lakhs to ₹7.2 Lakhs per year
SBI Life Insurance Company	₹1.9 Lakhs to ₹6.5 Lakhs per year
Canara HSBC Life Insurance	₹3.2 Lakhs to ₹5.6 Lakhs per year

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

What is the salary of a BDM in companies similar to Star Union Dai-ichi Life Insurance in India?

The salary of a BDM at companies similar to Star Union Dai-ichi 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
ManipalCigna Health Insurance	₹3.4 Lakhs to ₹6.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.0 Lakhs to ₹5.8 Lakhs per year
Niva Bupa Health Insurance Company	₹2.8 Lakhs to ₹5.8 Lakhs per year
ICICI Lombard General Insurance Company	₹1.9 Lakhs to ₹6.6 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 Star Union Dai-ichi Life Insurance in India?

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

Experience	Average Salary Range
1 year	₹2.0 Lakhs to ₹6.2 Lakhs per year
2 years	₹2.0 Lakhs to ₹6.7 Lakhs per year
3 years	₹3.6 Lakhs to ₹4.5 Lakhs per year
4 years	₹3.8 Lakhs to ₹4.8 Lakhs per year

and so on.

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Star Union Dai-ichi Life Insurance BDM Salaries

Star Union Dai-ichi Life Insurance BDM salary in India ranges between ₹2 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Star Union Dai-ichi Life Insurance latest salaries received from various employees of Star Union Dai-ichi Life Insurance.