Cholamandalam MS General Insurance Mumbai Business Development Manager Salaries by 9 Employees (Updated 2025)

5 - 15 years exp.

₹4.5 Lakhs - ₹13 Lakhs

Salary of majority employees

23% more than the average Business Development Manager Salary in Insurance Companies for 5 - 15 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Business Development Manager Salary 7 - 10 years exp. (4 salaries)	₹4.5 L/yr - ₹13 L/yr
BFSI, Investments & Trading Business Development Manager Salary 5 years exp. (AmbitionBox Estimate)	₹8.6 L/yr - ₹10 L/yr
Login to view exact salary
Customer Success, Service & Operations Business Development Manager Salary 15 years exp. (AmbitionBox Estimate)	₹8.6 L/yr - ₹10.1 L/yr
Marketing & Communication Business Development Manager Salary 13 years exp. (AmbitionBox Estimate)	₹8.1 L/yr - ₹12 L/yr

Last Updated: 21 Feb 2025

Companies similar to Cholamandalam MS General Insurance for Business Development Manager in Mumbai

Cholamandalam MS General Insurance Business Development Manager Salary

5 - 15 years exp. (9 salaries)

₹4.5 L/yr - ₹13 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Business Development Manager Salary 4 - 12 years exp. (6 salaries)	₹2.7 L/yr - ₹7.5 L/yr 55% less
Tata AIG Business Development Manager Salary 2 - 7 years exp. (5 salaries)	₹3.1 L/yr - ₹5.7 L/yr 48% less
Login to view exact salary
IndiaFirst Life Insurance Business Development Manager Salary 0 - 10 years exp. (56 salaries)	₹2.8 L/yr - ₹6 L/yr 57% less	8 job openings
Bajaj Allianz Life Insurance Business Development Manager Salary 0 - 10 years exp. (21 salaries)	₹3.7 L/yr - ₹5.5 L/yr 52% less	3 job openings
Axis Max Life Insurance Business Development Manager Salary 2 - 10 years exp. (15 salaries)	₹4 L/yr - ₹7 L/yr 40% less	7 job openings
Edelweiss Life Insurance Business Development Manager Salary 2 - 7 years exp. (13 salaries)	₹1.5 L/yr - ₹4.5 L/yr 58% less
Star Union Dai-ichi Life Insurance Business Development Manager Salary 4 - 7 years exp. (6 salaries)	₹3.9 L/yr - ₹6.4 L/yr 50% less	6 job openings
Life Insurance Corporation of India Business Development Manager Salary 3 - 8 years exp. (5 salaries)	₹2.8 L/yr - ₹6.5 L/yr 55% less
Future Generali India Life Insurance Business Development Manager Salary 3 - 8 years exp. (4 salaries)	₹5 L/yr - ₹6 L/yr 43% less
Allianz Partners Business Development Manager Salary 4 - 6 years exp. (3 salaries)	₹7.8 L/yr - ₹10 L/yr 1% less
Gallagher Business Development Manager Salary 4 - 14 years exp. (3 salaries)	₹10 L/yr - ₹10.8 L/yr 12% more
Login to view exact salary
Bharti AXA Life Insurance Business Development Manager Salary 3 - 7 years exp. (3 salaries)	₹3 L/yr - ₹6.4 L/yr 56% less

Business Development Manager salary at Cholamandalam MS General Insurance ranges between ₹4.5 Lakhs to ₹13 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 9 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Business Development Manager salaries in Mumbai

Last Updated: 21 Feb 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹8 L/yr - ₹15.6 L/yr
6 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
Login to view exact salary
7 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹16.2 L/yr
8 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹10 L/yr
9 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
10 years (3 salaries)	₹8.5 L/yr - ₹13 L/yr
11 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
12 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
13 years (AmbitionBox Estimate)	₹4 L/yr - ₹12 L/yr
14 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
15+ years (AmbitionBox Estimate)	₹8.6 L/yr - ₹18.4 L/yr

View all

Similar Designation salaries in Cholamandalam MS General Insurance

Business Development Executive Salary

(3 salaries)

₹2 L/yr - ₹3.5 L/yr

Salary related reviews for Cholamandalam MS General Insurance

Area Manager in Bikaner

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 20 Nov 2024

3.0

for Salary and Benefits

Likes

Good company. Having Employee friendly. Happy to work here...

Skill development - Excellent

+5 more

Dislikes

Only In company promotion you can't get salary hike as you deserved . Some of the points your salary is laser then your colleagues and team.

Sales Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 07 Aug 2023

3.0

for Salary and Benefits

Likes

Nothing

Dislikes

Appraisals are terrible here even if achieved 275% of ytd target they increase only 7% of salary..no personal life teams meeting every now and then infact after working hours also, continue warning of termination if you fail to achieve daily numbers

Promotions - Bad

+3 more

Deputy Manager in Chennai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 15 Feb 2022

3.0

for Salary and Benefits

Likes

The company provides a very high job security and you would never face any delays in salary. The leaves offered by the company are also good in comparison to other companies.

Job security - Excellent

Dislikes

The companies culture is not meant for youngsters or people who wants to work in a challenging and learning environment. A lot of People in this company are working since 10-15 years and have a very rigid mentality and approach towards work. The gowth trajectory is very slow and the learning curve is also flat.

Skill development - Bad

+4 more

Territory Manager in Khammam

Health Insurance Department

5.0

• posted on 15 Feb 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Agency Manager in Ahmednagar

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 06 Jan 2023

2.0

for Salary and Benefits

Likes

Murugappa group is a very big group, One of them is Chola General Insurance. Salary is good in the company.

Dislikes

The company has a great name, but the company's senior front-line executives are not doing well in support.. The company does not use today's technology in the work.

Salary - Poor

+3 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

Got a question about Cholamandalam MS General Insurance?

Ask anonymously on communities.

Cholamandalam MS General Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Cholamandalam MS General Insurance Mumbai?

Business Development Manager salary at Cholamandalam MS General Insurance in Mumbai ranges between ₹4.5 Lakhs to ₹13.0 Lakhs for experience between 5 years to 15 years. According to our estimates it is 23% more than the average Business Development Manager Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Cholamandalam MS General Insurance Mumbai.

How does the salary of a Business Development Manager at Cholamandalam MS General Insurance Mumbai compare with the average salary range for this job?

The average salary of a Business Development Manager at Cholamandalam MS General Insurance is 23% more than the average salary of a Business Development Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Cholamandalam MS General Insurance to a Business Development Manager in Mumbai?

Gallagher Business Development Manager Salary - ₹10.0 Lakhs to ₹10.8 Lakhs per year

What is the salary of a Business Development Manager in companies similar to Cholamandalam MS General Insurance in Mumbai?

Allianz Partners Business Development Manager Salary - ₹7.8 Lakhs to ₹10.0 Lakhs per year
Axis Max Life Insurance Business Development Manager Salary - ₹4.0 Lakhs to ₹7.0 Lakhs per year
Future Generali India Life Insurance Business Development Manager Salary - ₹5.0 Lakhs to ₹6.0 Lakhs per year
Tata AIG Business Development Manager Salary - ₹3.1 Lakhs to ₹5.7 Lakhs per year
Star Union Dai-ichi Life Insurance Business Development Manager Salary - ₹3.9 Lakhs to ₹6.4 Lakhs per year

What is the estimated take home salary of a Business Development Manager at Cholamandalam MS General Insurance in Mumbai?

The estimated take-home salary of a Business Development Manager at Cholamandalam MS General Insurance ranges between ₹66,566 per month to ₹68,268 per month in Mumbai. The take-home salary calculation is based on the average Cholamandalam MS General Insurance Business Development Manager salary in India which ranges between ₹4.5 Lakhs to ₹13.0 Lakhs per year for employees with experience between 5 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Business Development Manager at Cholamandalam MS General Insurance in Mumbai?

According to AmbitionBox, 63% of the Cholamandalam MS General Insurance Business Development Managers in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
Cholamandalam MS General Insurance Salaries >
Cholamandalam MS General Insurance Business Development Manager Salaries >
Cholamandalam MS General Insurance Business Development Manager Salaries in Mumbai

Cholamandalam MS General Insurance Business Development Manager salary in Mumbai ranges between ₹4.5 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.

Cholamandalam MS General Insurance Business Development Manager salaries in Mumbai (Updated 2025)

Companies similar to Cholamandalam MS General Insurance for Business Development Manager in Mumbai

Latest annual salaries shared by Cholamandalam MS General Insurance Business Development Manager in Mumbai

Experience wise Cholamandalam MS General Insurance Business Development Manager salaries in Mumbai

Similar Designation salaries in Cholamandalam MS General Insurance

Salary related reviews for Cholamandalam MS General Insurance

Area Manager in Bikaner

Sales Manager in New Delhi

Deputy Manager in Chennai

Territory Manager in Khammam

Agency Manager in Ahmednagar

Cholamandalam MS General Insurance Business Development Manager Salary FAQs

Tell us how to improve this page.