Aegon Religare Life Insurance Business Development Manager Salaries by 5 Employees

4 - 15 years exp.

₹3.3 Lakhs - ₹6.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

29% less than the average Business Development Manager Salary in Insurance Companies for 4 - 15 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Business Development Manager Salary 4 - 15 years exp. (3 salaries)	₹3.3 L/yr - ₹6.5 L/yr
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Sales & Business Development Business Development Manager Salary 5 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr

Last Updated: 4 Sep 2023

Companies similar to Aegon Religare Life Insurance for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
IndiaFirst Life Insurance Business Development Manager Salary 0 - 10 years exp. (851 salaries)	₹1.5 L/yr - ₹6 L/yr 28% less	4 job openings
Edelweiss Life Insurance Business Development Manager Salary 1 - 10 years exp. (108 salaries)	₹1.5 L/yr - ₹5.5 L/yr 33% less
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Aditya Birla Health Insurance Co Business Development Manager Salary 3 - 10 years exp. (79 salaries)	₹3.4 L/yr - ₹6 L/yr 15% less
Bharti AXA Life Insurance Business Development Manager Salary 0 - 10 years exp. (63 salaries)	₹2.4 L/yr - ₹8.8 L/yr 25% less
Cholamandalam MS General Insurance Business Development Manager Salary 1 - 15 years exp. (59 salaries)	₹2.6 L/yr - ₹13 L/yr 36% more
Future Generali India Life Insurance Business Development Manager Salary 0 - 13 years exp. (30 salaries)	₹3.5 L/yr - ₹7 L/yr 3% less
Aegon Life Insurance Business Development Manager Salary 3 - 11 years exp. (18 salaries)	₹4 L/yr - ₹8 L/yr 1% less
Magma HDI General Insurance Business Development Manager Salary 5 - 10 years exp. (8 salaries)	₹6.2 L/yr - ₹13.6 L/yr 84% more
Paramount Health Services Tpa Business Development Manager Salary 3 - 20 years exp. (7 salaries)	₹3.7 L/yr - ₹7 L/yr 4% less	1 job opening
Aviva Life Insurance India Business Development Manager Salary 1 - 6 years exp. (5 salaries)	₹3.6 L/yr - ₹4.8 L/yr 23% less
Ageas Federal Life Insurance Business Development Manager Salary 2 - 9 years exp. (5 salaries)	₹3.5 L/yr - ₹5 L/yr 24% less
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CignaTTk Health Insurance Business Development Manager Salary 9 - 12 years exp. (4 salaries)	₹3.3 L/yr - ₹6.5 L/yr 28% less
Medi Assist India Business Development Manager Salary 6 - 13 years exp. (4 salaries)	₹4.5 L/yr - ₹11.2 L/yr 41% more	1 job opening
ManipalCigna Health Insurance Business Development Manager Salary 5 - 11 years exp. (4 salaries)	₹2.9 L/yr - ₹4 L/yr 36% less
Shriram General Insurance Business Development Manager Salary 1 - 8 years exp. (4 salaries)	₹2.4 L/yr - ₹5.5 L/yr 32% less
Allianz Partners Business Development Manager Salary 4 - 6 years exp. (3 salaries)	₹7.8 L/yr - ₹10 L/yr 69% more
Liberty General Insurance Business Development Manager Salary 1 - 13 years exp. (3 salaries)	₹6 L/yr - ₹26 L/yr 154% more

Business Development Manager salary at Aegon Religare Life Insurance ranges between ₹3.3 Lakhs to ₹6.5 Lakhs per year for employees with experience between 4 years to 15 years. Salary estimates are based on 5 latest salaries received from various employees of Aegon Religare Life Insurance.

Experience wise Aegon Religare Life Insurance Business Development Manager salaries

Last Updated: 4 Sep 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr
5 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
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6 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
7 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
8 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
9 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
10 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.2 L/yr
11 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.2 L/yr
12 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
13 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
14 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
15+ years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6.1 L/yr

View all

Similar Designation salaries in Aegon Religare Life Insurance

Senior Business Development Manager Salary

(AmbitionBox Estimate)

₹5.1 L/yr - ₹6.6 L/yr

Business Manager Salary

(6 salaries)

₹2 L/yr - ₹4.25 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Regional Manager Salary

(AmbitionBox Estimate)

₹17.1 L/yr - ₹21.8 L/yr

Branch Manager Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Relationship Manager Salary

(12 salaries)

₹2.2 L/yr - ₹3.8 L/yr

Sales Manager Salary

(4 salaries)

₹4.8 L/yr - ₹5.25 L/yr

Area Manager Salary

(3 salaries)

₹10 L/yr - ₹20 L/yr

Sales Executive Salary

(AmbitionBox Estimate)

₹2.8 L/yr - ₹3.6 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹0.9 L/yr - ₹1.2 L/yr

Salary related reviews for Aegon Religare Life Insurance

4.5

Rated by 4 employees for salary & benefits

Senior Relationship Manager in Pune

Direct sales Department

4.0

• posted on 07 Apr 2020

3.0

for Salary and Benefits

Likes

Nothing special to like

Skill development - Excellent

+5 more

Dislikes

...ny since 1.5 years after achieving all the golas still am waiting for appraisal. Company hires mostly freshers on hight package salary if your looking for good package can apply this company

Customer Service Executive in Amravati

Customer Success, Service & Operations Department

4.0

• posted on 11 Sep 2018

5.0

for Salary and Benefits

Likes

I am enjoying to work in aegon life insurance company because in this company the staff and the senior management are very good and helpful that's make the difference as compare to other company. I also like to join again this company if company hire me.

Salary - Excellent

+5 more

Dislikes

I am disappoint with the company when company has to take a decision to close the all agency challen branches including where I have to work also. I am just join before 6 month in the company after resigning my previous job . After that company decision I am struggling to find a new job .

Job security - Poor

Zonal Sales Manager in Kolkata

Finance Department

5.0

• posted on 31 Jul 2018

5.0

for Salary and Benefits

Likes

Company is good.

Salary - Excellent

+6 more

Dislikes

Competition is decent, but growth is slow. The work is very high. Some time I have to work 14 - 16 hours. Company is good. But, Company is loss & channel is closed all over pan India. All over pan India Employees are resigned.

Senior Business Sales Manager in Bhilai Nagar

Food, Beverage & Hospitality Department

5.0

• posted on 11 Nov 2017

4.0

for Salary and Benefits

Likes

Process oriented, good incentive structure, training and knowledge equipments provided,family atmospher, excellent R&R , nice place to work as both Employee and Advisor oriented organization.

Salary - Good

+3 more

Dislikes

Work pressure is very high .

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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Aegon Religare Life Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Aegon Religare Life Insurance ?

The average salary of a Business Development Manager at Aegon Religare Life Insurance in India typically ranges from ₹3.3 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 4 years to 15 years).

The top 10% of Business Development Manager at Aegon Religare Life Insurance earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Business Development Manager Salaries at Aegon Religare 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 Aegon Religare Life Insurance employees in India.

What is the estimated take home salary of a Business Development Manager at Aegon Religare Life Insurance in India?

The estimated take-home salary of a Business Development Manager at Aegon Religare Life Insurance in India typically ranges from ₹40,697 to ₹41,852 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 4 years to 15 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 Aegon Religare Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Aegon Religare Life Insurance for Business Development Manager in India?

Liberty General Insurance	₹6.0 Lakhs to ₹26.0 Lakhs per year
Magma HDI General Insurance	₹6.2 Lakhs to ₹13.6 Lakhs per year
Allianz Partners	₹7.8 Lakhs to ₹10.0 Lakhs per year
Medi Assist India	₹4.5 Lakhs to ₹11.2 Lakhs per year
Cholamandalam MS General Insurance	₹2.6 Lakhs to ₹13.0 Lakhs per year

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

What is the salary of a Business Development Manager in companies similar to Aegon Religare Life Insurance in India?

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

Aegon Life Insurance	₹4.0 Lakhs to ₹8.0 Lakhs per year
Future Generali India Life Insurance	₹3.5 Lakhs to ₹7.0 Lakhs per year
Paramount Health Services Tpa	₹3.7 Lakhs to ₹7.0 Lakhs per year
Aditya Birla Health Insurance Co	₹3.4 Lakhs to ₹6.0 Lakhs per year
Aviva Life Insurance India	₹3.6 Lakhs to ₹4.8 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 Aegon Religare Life Insurance in India?

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

Experience	Average Salary Range
4 years	₹5.0 Lakhs to ₹6.3 Lakhs per year
5 years	₹4.9 Lakhs to ₹6.3 Lakhs per year
6 years	₹4.9 Lakhs to ₹6.3 Lakhs per year
7 years	₹4.9 Lakhs to ₹6.3 Lakhs per year

and so on.

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Aegon Religare Life Insurance Business Development Manager Salaries

Aegon Religare Life Insurance Business Development Manager salary in India ranges between ₹3.3 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Aegon Religare Life Insurance latest salaries received from various employees of Aegon Religare Life Insurance.