Aditya Birla Sun Life Insurance Mumbai Business Development Manager Salaries by 20+ Employees (Updated 2025)

0 - 12 years exp.

₹4.1 Lakhs - ₹5 Lakhs

Avg. annual salary

Monthly In-hand Salary

39% less than the average Business Development Manager Salary in Insurance Companies for 0 - 12 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Business Development Manager Salary 1 - 12 years exp. (8 salaries)	₹4.1 L/yr - ₹4.6 L/yr
BFSI, Investments & Trading Business Development Manager Salary 0 - 7 years exp. (6 salaries)	₹4.1 L/yr - ₹5 L/yr
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Customer Success, Service & Operations Business Development Manager Salary 1 - 12 years exp. (3 salaries)	₹4.1 L/yr - ₹5 L/yr
Marketing & Communication Business Development Manager Salary 5 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹4.6 L/yr

Last Updated: 17 Mar 2025

Companies similar to Aditya Birla Sun Life Insurance for Business Development Manager in Mumbai

Aditya Birla Sun Life Insurance Business Development Manager Salary

0 - 12 years exp. (26 salaries)

₹4.1 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Business Development Manager Salary 0 - 10 years exp. (190 salaries)	₹1.9 L/yr - ₹5 L/yr 17% less	11 job openings
SBI Life Insurance Company Business Development Manager Salary 3 - 12 years exp. (61 salaries)	₹3 L/yr - ₹7 L/yr 19% more
Login to view exact salary
Bajaj Allianz Life Insurance Business Development Manager Salary 1 - 10 years exp. (19 salaries)	₹3.7 L/yr - ₹5.5 L/yr 1% more	1 job opening
SBI General Insurance Business Development Manager Salary 0 - 8 years exp. (18 salaries)	₹2.8 L/yr - ₹4.5 L/yr 12% less	13 job openings
Axis Max Life Insurance Business Development Manager Salary 2 - 9 years exp. (14 salaries)	₹4 L/yr - ₹7 L/yr 20% more	2 job openings
Kotak Mahindara Life Insurance Business Development Manager Salary 4 - 12 years exp. (10 salaries)	₹3.7 L/yr - ₹10 L/yr 52% more
Life Insurance Corporation of India Business Development Manager Salary 3 - 8 years exp. (5 salaries)	₹2.8 L/yr - ₹6.5 L/yr 8% less
Reliance Nippon Life Insurance Business Development Manager Salary 3 - 10 years exp. (4 salaries)	₹4 L/yr - ₹6 L/yr 8% less
ICICI Lombard General Insurance Company Business Development Manager Salary 4 - 6 years exp. (4 salaries)	₹3 L/yr - ₹6 L/yr 15% less
Shriram Life Insurance Business Development Manager Salary 0 - 10 years exp. (3 salaries)	₹2.4 L/yr - ₹6 L/yr 15% less
Gallagher Business Development Manager Salary 4 - 14 years exp. (3 salaries)	₹10 L/yr - ₹10.8 L/yr 129% more
Login to view exact salary

Business Development Manager salary at Aditya Birla Sun Life Insurance ranges between ₹4.1 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 26 latest salaries received from various employees of Aditya Birla Sun Life Insurance.

Latest annual salaries shared by Aditya Birla Sun Life Insurance Business Development Manager in Mumbai

3w ago

₹4.1 Lakhs

7 years exp.

3w ago

₹4.1 Lakhs

8 years exp.

1mo ago

₹4.1 Lakhs

4 years exp.

1mo ago

₹5 Lakhs

2 years exp.

1mo ago

₹4.1 Lakhs

12 years exp.

1mo ago

5 years exp.

2mo ago

7 months exp.

3mo ago

2 years exp.

4mo ago

1 year exp.

4mo ago

12 years exp.

Experience wise Aditya Birla Sun Life Insurance Business Development Manager salaries in Mumbai

Last Updated: 17 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
1 year (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
Login to view exact salary
2 years (3 salaries)	₹4.1 L/yr - ₹5 L/yr
3 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
4 years (3 salaries)	₹4.1 L/yr - ₹5 L/yr
5 years (4 salaries)	₹4.1 L/yr - ₹5 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.2 L/yr
7 years (6 salaries)	₹4.1 L/yr - ₹5 L/yr
8 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
9 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
10 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
11 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
12 years (3 salaries)	₹4.1 L/yr - ₹8.2 L/yr

View all

Similar Designation salaries in Aditya Birla Sun Life Insurance

Area Sales Manager Salary

(10 salaries)

₹5 L/yr - ₹13.35 L/yr

Senior Sales Manager Salary

(8 salaries)

₹5.1 L/yr - ₹10.7 L/yr

Salary related reviews for Aditya Birla Sun Life Insurance

3.3

Rated by 9 employees for salary & benefits

Assistant Sales Manager in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 01 May 2024

1.0

for Salary and Benefits

Likes

Great work-life balance, working culture is decent, good place to learn about insurance and how to work in general. Job security is very high.

Job security - Excellent

+2 more

Dislikes

Salary is easily the worst in the entire industry. Feels more like pocket money. Management isn’t rock-solid all the way. Promotions are best left forgotten. No yearly appraisals. Overall, a very good organisation to work for as long as you don’t care about earning a decent amount.

Salary - Bad

+2 more

Sales Executive in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 09 Oct 2023

1.0

for Salary and Benefits

Likes

Only good thing for beginners is they got a good time to plan their alternative things and plan to grow themselves as the pressure is low. And no such very hard for a beginner to work with.

Job security - Excellent

Dislikes

... No work methods and systems. 4. culture is not good and system is very slow. 5. They do not pay you TA but will say to visit your branches every single day. 6. Disclaimer to everyone who are opting to join Aditya Birla group life at Kolkata or east zone. Do not go under Puspita Ghosh. Be aware of her. No 1 worst lady still exists in the world.

Salary - Bad

+4 more

Sales Executive in Kanpur Nagar

Other Department

5.0

• posted on 17 Jun 2021

5.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policy are good appraisal are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

Salary is decent but career growth is slow.

Regional Training Manager in Varanasi

Full Time

Teaching & Training Department

4.0

• posted on 26 Jun 2024

3.0

for Salary and Benefits

Likes

It's a good company to work with the overall core values of the organisation is excellent.

Dislikes

...if it illogical they will still do it cause the management has decided to do so. Salary is not that competitive and we work for 14-15 hours to close everything. Sometimes you are required to work on weekends and theblast day of the month for which u are not compensated. They do not give any compoffs of you are required to work on holidays.

Skill development - Bad

+4 more

Deputy Cluster Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 30 Oct 2023

3.0

for Salary and Benefits

Likes

Company has good working culture, which will help you to maintain work life balance.

Job security - Good

+2 more

Dislikes

...pany doesn't have go getter attitude and not aggresive for the business at all. Salary and incentives structure is very poor. Even they don't provide exact salary what they mention at appoinment letter.

Skill development - Poor

+2 more

see more salary related reviews

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Aditya Birla Sun Life Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Aditya Birla Sun Life Insurance in Mumbai?

The average salary of a Business Development Manager at Aditya Birla Sun Life Insurance in Mumbai typically ranges from ₹4.1 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Business Development Manager in Mumbai at Aditya Birla Sun Life Insurance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Business Development Manager Salaries at Aditya Birla Sun 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 20+ Aditya Birla Sun Life Insurance employees in India.

What is the estimated take home salary of a Business Development Manager at Aditya Birla Sun Life Insurance in Mumbai?

The estimated take-home salary of a Business Development Manager at Aditya Birla Sun Life Insurance in Mumbai typically ranges from ₹33,441 to ₹34,704 per month. This is based on the average salary range of ₹4.1 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 12 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 20+ salaries received from various employees of Aditya Birla Sun Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Aditya Birla Sun Life Insurance for Business Development Manager in India?

Gallagher	₹10.0 Lakhs to ₹10.8 Lakhs per year
Kotak Mahindara Life Insurance	₹3.7 Lakhs to ₹10.0 Lakhs per year
Axis Max Life Insurance	₹4.0 Lakhs to ₹7.0 Lakhs per year
SBI Life Insurance Company	₹3.0 Lakhs to ₹7.0 Lakhs per year
Bajaj Allianz Life Insurance	₹3.7 Lakhs to ₹5.5 Lakhs per year

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

What is the salary of a Business Development Manager in companies similar to Aditya Birla Sun Life Insurance in Mumbai?

The salary of a Business Development Manager at companies similar to Aditya Birla Sun Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Life Insurance Corporation of India	₹2.8 Lakhs to ₹6.5 Lakhs per year
Reliance Nippon Life Insurance	₹4.0 Lakhs to ₹6.0 Lakhs per year
SBI General Insurance	₹2.8 Lakhs to ₹4.5 Lakhs per year
Shriram Life Insurance	₹2.4 Lakhs to ₹6.0 Lakhs per year
ICICI Lombard General Insurance Company	₹3.0 Lakhs to ₹6.0 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 Business Development Manager at Aditya Birla Sun Life Insurance in Mumbai?

The salary growth for a Business Development Manager at Aditya Birla Sun Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Business Development Manager in Mumbai can expect the following growth trajectory at Aditya Birla Sun Life Insurance:

Experience	Average Salary Range
Fresher	₹4.0 Lakhs to ₹5.1 Lakhs per year
1 year	₹4.0 Lakhs to ₹5.1 Lakhs per year
2 years	₹4.1 Lakhs to ₹5.0 Lakhs per year
3 years	₹4.0 Lakhs to ₹5.1 Lakhs per year

and so on.

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Aditya Birla Sun Life Insurance Business Development Manager Salaries in Mumbai

Aditya Birla Sun Life Insurance Business Development Manager salary in Mumbai ranges between ₹4.1 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 Aditya Birla Sun Life Insurance latest salaries received from various employees of Aditya Birla Sun Life Insurance.

Aditya Birla Sun Life Insurance Business Development Manager salaries in Mumbai (Updated 2025)

Companies similar to Aditya Birla Sun Life Insurance for Business Development Manager in Mumbai

Latest annual salaries shared by Aditya Birla Sun Life Insurance Business Development Manager in Mumbai

Experience wise Aditya Birla Sun Life Insurance Business Development Manager salaries in Mumbai

Similar Designation salaries in Aditya Birla Sun Life Insurance

Salary related reviews for Aditya Birla Sun Life Insurance

Assistant Sales Manager in Kolkata

Sales Executive in Kolkata

Sales Executive in Kanpur Nagar

Regional Training Manager in Varanasi

Deputy Cluster Manager in Kolkata

Aditya Birla Sun Life Insurance Business Development Manager Salary FAQs

Tell us how to improve this page.