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Ageas Federal Life Insurance Business Development Manager salaries in India (Updated 2025)

Annual salary range
2 - 9 years exp.
₹3.5 Lakhs - ₹5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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46% less than the average Business Development Manager Salary in Insurance Companies for 2 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Business Development Manager Salary
5 - 9 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.3 L/yr

Data Science & Analytics
Business Development Manager Salary
6 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.3 L/yr

Sales & Business Development
Business Development Manager Salary
6 years exp. (AmbitionBox Estimate)
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₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 17 Mar 2025

Companies similar to Ageas Federal Life Insurance for Business Development Manager

Company name Avg Annual Salary Open Jobs
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₹3.4 L/yr - ₹6 L/yr

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₹2.4 L/yr - ₹8.8 L/yr

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₹2.6 L/yr - ₹13 L/yr

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₹3.5 L/yr - ₹7 L/yr

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₹4 L/yr - ₹8 L/yr

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₹6.2 L/yr - ₹13.6 L/yr

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₹3.7 L/yr - ₹7 L/yr

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1 job opening
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₹3.6 L/yr - ₹4.8 L/yr

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₹3.3 L/yr - ₹6.5 L/yr

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₹3.3 L/yr - ₹6.5 L/yr

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₹4.5 L/yr - ₹11.2 L/yr

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₹2.9 L/yr - ₹4 L/yr

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₹2.4 L/yr - ₹5.5 L/yr

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₹22.5 L/yr - ₹28.8 L/yr

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₹7.8 L/yr - ₹10 L/yr

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₹6 L/yr - ₹26 L/yr

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Business Development Manager salary at Ageas Federal Life Insurance ranges between ₹3.5 Lakhs to ₹5 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 5 latest salaries received from various employees of Ageas Federal Life Insurance.

Latest annual salaries shared by Ageas Federal Life Insurance Business Development Manager

3d ago
₹4.3 Lakhs
5 years exp.
1y ago
₹5 Lakhs
2 years exp.
1y ago
₹3.5 Lakhs
6 years exp.
1y ago
₹3.9 Lakhs
6 years exp.

Experience wise Ageas Federal Life Insurance Business Development Manager salaries

Last Updated: 17 Mar 2025

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹2 L/yr - ₹5 L/yr
3 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹5.4 L/yr
4 years (AmbitionBox Estimate)

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₹4 L/yr - ₹5.1 L/yr
5 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹4.3 L/yr
6 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹7.2 L/yr
View all

Similar Designation salaries in Ageas Federal Life Insurance

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₹6.1 L/yr - ₹17 L/yr
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₹2.6 L/yr - ₹4.1 L/yr
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₹3.8 L/yr - ₹4.8 L/yr
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₹4.5 L/yr - ₹5 L/yr
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₹6.8 L/yr - ₹17.4 L/yr
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₹11 L/yr - ₹16.6 L/yr
Deputy Manager Salary
(7 salaries)
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₹3.1 L/yr - ₹5.75 L/yr
Regional Manager Salary
(AmbitionBox Estimate)
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₹16.9 L/yr - ₹21.6 L/yr
Branch Manager Salary
(11 salaries)
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₹7 L/yr - ₹12 L/yr
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₹10.95 L/yr - ₹15 L/yr

Top skills at Ageas Federal Life Insurance for Business Development Manager

Business Development Management Life Insurance Cold Calling Direct Sales

Salary related reviews for Ageas Federal Life Insurance

Full Time

 · 

Finance & Accounting Department

5.0
  •  posted on 09 Jun 2023

5.0
 for  Salary and Benefits

Likes

No Dress code work life balance Hybrid (presently) Salary and bonus attractive yearly bonus is amazim

read more
  • Salary - Excellent
  • +6 more

Dislikes

9 hours complusory sitting and bimoetric some departments are not at all good Cafeteria will make you starve for good food

read more

BFSI, Investments & Trading Department

1.0
  •  posted on 17 Apr 2021

3.0
 for  Salary and Benefits

Likes

...n Raipur pls don't join this organisation . Earlier 3 bm has also fired by them. They promise something while hire also pay good but once you start they don't give manpower not even sales manager. Dam this company has no idea to run variable agency..only depend on the banca. Don't know how they got best work place tag in India. Joining this organisation is a suicide with career....rest is own choice. Thanks.

read more

Dislikes

No

  • Skill development - Bad
  • +5 more

Sales & Business Development Department

4.0
  •  posted on 01 Mar 2021

4.0
 for  Salary and Benefits

Likes

Flexibility to work. Space to workout your ideas. Performance gets recognised and incentivised.

  • Salary - Good
  • +2 more

Dislikes

When met with adversity like Covid, the management could have considered other cost cutting measures like reducing the salaries, instead of harassing employees by putting them in PIP, where its not because of their fault the business has come down. When one demands for loyalty in top management, loyalty cannot be bought, but is build through mutual trust and support, which the top management failed to recognise, panicked and took some wrong decisions.

read more
  • Job security - Poor

Engineering - Software & QA Department

3.0
  •  posted on 17 Sep 2018

3.0
 for  Salary and Benefits

Likes

company was IRDAI government approval company it's very tough job but it's gives good salary and incentives to the employers so we learn how to speak with the customer and more things..

read more
  • Skill development - Good
  • +3 more

Dislikes

more working pressure

BFSI, Investments & Trading Department

5.0
  •  posted on 26 Mar 2018

5.0
 for  Salary and Benefits

Likes

This is good organization , where u can achieve everything . You are free to ur job and u know what u to do . There is a lots of opportunity for carrier growth . I feel proud to having part of this company .

read more
  • Salary - Excellent
  • +6 more

Dislikes

Salary .

see more salary related reviews

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Ageas Federal Life Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Ageas Federal Life Insurance ?
The average salary of a Business Development Manager at Ageas Federal Life Insurance in India typically ranges from ₹3.5 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 2 years to 9 years).

The top 10% of Business Development Manager at Ageas Federal 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 Ageas Federal 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 Ageas Federal Life Insurance employees in India.
What is the estimated take home salary of a Business Development Manager at Ageas Federal Life Insurance in India?
The estimated take-home salary of a Business Development Manager at Ageas Federal Life Insurance in India typically ranges from ₹30,441 to ₹31,748 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 2 years 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 5 salaries received from various employees of Ageas Federal Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Business Development Manager at Ageas Federal Life Insurance ?
To be a Business Development Manager at Ageas Federal Life Insurance in india, the key skills required include:

  • - Business Development Management
  • - Life Insurance
  • - Cold Calling
  • - Direct Sales

These skills are highly valued at Ageas Federal Life Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Ageas Federal Life Insurance for Business Development Manager in India?
Birla Sun Life Mutual Fund ₹22.5 Lakhs to ₹28.8 Lakhs per year
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

These companies are known for offering competitive compensation packages that can exceed the salary offered by Ageas Federal Life Insurance, depending on the role and experience level.
What is the salary of a Business Development Manager in companies similar to Ageas Federal Life Insurance in India?
The salary of a Business Development Manager at companies similar to Ageas Federal Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Cholamandalam MS General Insurance ₹2.6 Lakhs to ₹13.0 Lakhs per year
Aegon Religare Life Insurance ₹3.3 Lakhs to ₹6.5 Lakhs per year
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

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

Experience Average Salary Range
2 years ₹2.0 Lakhs to ₹5.0 Lakhs per year
3 years ₹4.2 Lakhs to ₹5.4 Lakhs per year
4 years ₹4.0 Lakhs to ₹5.1 Lakhs per year
5 years ₹1.7 Lakhs to ₹4.3 Lakhs per year
and so on.

Tell us how to improve this page.

Ageas Federal Life Insurance Business Development Manager salary in India ranges between ₹3.5 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Ageas Federal Life Insurance latest salaries received from various employees of Ageas Federal Life Insurance.