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Aditya Birla Sun Life Insurance

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4.0

based on 2.8k Reviews

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Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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

Annual salary range
0 - 12 years exp.
₹4.1 Lakhs - ₹5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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38% 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)
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₹4.1 L/yr - ₹4.6 L/yr

BFSI, Investments & Trading
Business Development Manager Salary
0 - 7 years exp. (6 salaries)
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₹4.1 L/yr - ₹5 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
1 - 12 years exp. (3 salaries)
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₹4.1 L/yr - ₹5 L/yr

Marketing & Communication
Business Development Manager Salary
5 years exp. (AmbitionBox Estimate)
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₹4.1 L/yr - ₹4.7 L/yr

Last Updated: 17 Mar 2025

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

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Aditya Birla Sun Life Insurance Business Development Manager Salary

0 - 12 years exp. (26 salaries)
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₹4.1 L/yr - ₹5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Business Development Manager Salary

0 - 10 years exp. (191 salaries)
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₹1.9 L/yr - ₹5 L/yr

arrow icon 19% less
 12 job openings
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SBI Life Insurance Company Business Development Manager Salary

3 - 12 years exp. (61 salaries)
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₹3 L/yr - ₹7 L/yr

arrow icon 16% more
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Bajaj Allianz Life Insurance Business Development Manager Salary

1 - 12 years exp. (21 salaries)
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₹3.7 L/yr - ₹5.5 L/yr

At par
 2 job openings
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SBI General Insurance Business Development Manager Salary

0 - 7 years exp. (18 salaries)
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₹2.8 L/yr - ₹4.5 L/yr

arrow icon 14% less
 13 job openings
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Axis Max Life Insurance Business Development Manager Salary

2 - 9 years exp. (14 salaries)
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₹4 L/yr - ₹7 L/yr

arrow icon 17% more
 3 job openings
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Kotak Mahindara Life Insurance Business Development Manager Salary

4 - 12 years exp. (10 salaries)
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₹3.7 L/yr - ₹10 L/yr

arrow icon 49% more
 1 job opening
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Life Insurance Corporation of India Business Development Manager Salary

3 - 8 years exp. (5 salaries)
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₹2.8 L/yr - ₹6.5 L/yr

arrow icon 10% less
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Reliance Nippon Life Insurance Business Development Manager Salary

3 - 10 years exp. (4 salaries)
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₹4 L/yr - ₹6 L/yr

arrow icon 10% less
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ICICI Lombard General Insurance Company Business Development Manager Salary

4 - 5 years exp. (4 salaries)
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₹3 L/yr - ₹6 L/yr

arrow icon 17% less
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Shriram Life Insurance Business Development Manager Salary

0 - 9 years exp. (3 salaries)
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₹2.4 L/yr - ₹6 L/yr

arrow icon 17% less
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Gallagher Business Development Manager Salary

4 - 14 years exp. (3 salaries)
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₹10 L/yr - ₹10.8 L/yr

arrow icon 124% more
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.
2mo ago
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5 years exp.
2mo ago
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7 months exp.
3mo ago
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2 years exp.
4mo ago
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1 year exp.
4mo ago
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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)

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₹4.1 L/yr - ₹5.2 L/yr
1 year (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr
2 years  (3 salaries)

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₹4.1 L/yr - ₹5 L/yr
3 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr
4 years  (3 salaries)

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₹4.1 L/yr - ₹5 L/yr
View all

Similar Designation salaries in Aditya Birla Sun Life Insurance

Area Sales Manager Salary
(10 salaries)
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₹5 L/yr - ₹13.35 L/yr
Senior Sales Manager Salary
(8 salaries)
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₹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.

read more
  • 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.

read more
  • 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.

read more
  • 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.

read more
  • 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.

read more
  • 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.

read more
  • 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.

read more
  • Skill development - Poor
    • +2 more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions
1w (edited)
an inside sales executive
Unexpected job policies: stay or switch?
I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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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 ₹34,142 to ₹35,395 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

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:

Bajaj Allianz Life Insurance ₹3.7 Lakhs to ₹5.5 Lakhs per year
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

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 ₹4.1 Lakhs to ₹5.2 Lakhs per year
1 year ₹4.1 Lakhs to ₹5.2 Lakhs per year
2 years ₹4.1 Lakhs to ₹5.0 Lakhs per year
3 years ₹4.1 Lakhs to ₹5.2 Lakhs per year
and so on.

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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 ₹unlock blur. Salary estimates are based on 26 Aditya Birla Sun Life Insurance latest salaries received from various employees of Aditya Birla Sun Life Insurance.