CignaTTk Health Insurance Business Development Manager Salaries by 4 Employees

9 - 12 years exp.

₹3.3 Lakhs - ₹6.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

49% less than the average Business Development Manager Salary in Insurance Companies for 9 - 12 years of experience

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Last Updated: 2 Aug 2023

Companies similar to CignaTTk Health Insurance for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
IndiaFirst Life Insurance Business Development Manager Salary 0 - 10 years exp. (845 salaries)	₹1.5 L/yr - ₹6 L/yr 1% more	7 job openings
Edelweiss Life Insurance Business Development Manager Salary 1 - 10 years exp. (108 salaries)	₹1.5 L/yr - ₹5.5 L/yr 8% less
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Aditya Birla Health Insurance Co Business Development Manager Salary 3 - 10 years exp. (78 salaries)	₹3.4 L/yr - ₹6 L/yr 19% more
Bharti AXA Life Insurance Business Development Manager Salary 0 - 10 years exp. (63 salaries)	₹2.4 L/yr - ₹8.8 L/yr 4% more
Cholamandalam MS General Insurance Business Development Manager Salary 1 - 15 years exp. (59 salaries)	₹2.6 L/yr - ₹13 L/yr 89% more
Future Generali India Life Insurance Business Development Manager Salary 0 - 13 years exp. (30 salaries)	₹3.5 L/yr - ₹7 L/yr 35% more	1 job opening
Aegon Life Insurance Business Development Manager Salary 3 - 11 years exp. (18 salaries)	₹4 L/yr - ₹8 L/yr 38% more
Magma HDI General Insurance Business Development Manager Salary 5 - 10 years exp. (8 salaries)	₹6.2 L/yr - ₹13.6 L/yr 144% more
Paramount Health Services Tpa Business Development Manager Salary 3 - 20 years exp. (7 salaries)	₹3.7 L/yr - ₹7 L/yr 33% more	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 7% more
Ageas Federal Life Insurance Business Development Manager Salary 2 - 9 years exp. (5 salaries)	₹3.5 L/yr - ₹5 L/yr 6% more
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Aegon Religare Life Insurance Business Development Manager Salary 4 - 15 years exp. (5 salaries)	₹3.3 L/yr - ₹6.5 L/yr 39% more
Medi Assist India Business Development Manager Salary 6 - 13 years exp. (4 salaries)	₹4.5 L/yr - ₹11.2 L/yr 96% more	2 job openings
ManipalCigna Health Insurance Business Development Manager Salary 5 - 10 years exp. (4 salaries)	₹2.9 L/yr - ₹4 L/yr 11% less
Shriram General Insurance Business Development Manager Salary 1 - 8 years exp. (4 salaries)	₹2.4 L/yr - ₹5.5 L/yr 6% less
Birla Sun Life Mutual Fund Business Development Manager Salary 17 - 19 years exp. (3 salaries)	₹22.5 L/yr - ₹28.8 L/yr 546% more
Allianz Partners Business Development Manager Salary 4 - 6 years exp. (3 salaries)	₹7.8 L/yr - ₹10 L/yr 135% more
Liberty General Insurance Business Development Manager Salary 1 - 13 years exp. (3 salaries)	₹6 L/yr - ₹26 L/yr 253% more

Business Development Manager salary at CignaTTk Health Insurance ranges between ₹3.3 Lakhs to ₹6.5 Lakhs per year for employees with experience between 9 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of CignaTTk Health Insurance.

Experience wise CignaTTk Health Insurance Business Development Manager salaries

Last Updated: 2 Aug 2023

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
10 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
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11 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
12 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr

Similar Designation salaries in CignaTTk Health Insurance

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Senior Sales Manager Salary

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Area Sales Manager Salary

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₹2 L/yr - ₹7 L/yr

Deputy Manager Salary

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Regional Manager Salary

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₹14 L/yr - ₹17.5 L/yr

Branch Manager Salary

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₹7.3 L/yr - ₹9.3 L/yr

Relationship Manager Salary

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₹3 L/yr - ₹4.15 L/yr

Sales Manager Salary

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Area Manager Salary

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₹8.6 L/yr - ₹10.5 L/yr

Sales Executive Salary

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₹2.3 L/yr - ₹3 L/yr

Top skills at CignaTTk Health Insurance for Business Development Manager

Business Development Management Team Leading Retail Business Agency Channel Sales Management Tied Channel Team Handling Health Insurance Team Management Channel Sales Branch Management Channel Distribution Agency Sales Territory Sales Management Target Achievement

Salary related reviews for CignaTTk Health Insurance

Unit Manager in Chennai

Sales Department

4.0

• posted on 19 Apr 2019

3.0

for Salary and Benefits

Likes

Its friendly atmosphere where pay will be at right time and work pressure its manageable compare to other company , easy to access with top level management .

Skill development - Good

+3 more

Dislikes

Over all its a good company , you can easily access to the top level authority's very easily but the only issue is you can't have a fair growth of level in your career the goals are set very high you need be extremely talented for this job to survive , and problems are not solved at right time .

Operations Executive in Mumbai

BFSI, Investments & Trading Department

5.0

• posted on 12 Mar 2019

4.0

for Salary and Benefits

Likes

Job culture is very good. Cigna is a foreign company that's why there is no restrictions at any place. Freedom of work.

Salary - Good

+6 more

Dislikes

...rganization. Now cigna india handled by ICICI Lombard and Prudential management. That's why cost cutting has been started. Little restriction. And lots of pressure on sales and system development team.

Agency Manager in Chennai

Sales & Business Development Department

5.0

• posted on 10 Oct 2018

5.0

for Salary and Benefits

Likes

Good atmosphere and good people in the office and who ur very new to health industry they make them learn in good mannner

Salary - Excellent

+6 more

Dislikes

Iam unhappy with the salary and they is no holiday of secound saturday and government holidays other than that is good company

Executive Assistant Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 04 May 2023

4.0

for Salary and Benefits

Likes

In my role company expecting more our opinions matters and they consider the things we highlight workplace is overall great expereince to me

Salary - Good

+4 more

Dislikes

I felt that comparing other company adaptation would be the issue some area need to update

Relationship Manager in Chennai

Full Time

Sales & Business Development Department

4.0

• posted on 31 Mar 2021

5.0

for Salary and Benefits

Likes

In my experience my Manager is guiding me in a right direction and supporting me in all aspects.

Salary - Excellent

+6 more

Dislikes

IT infrastructure needs to be developed, TAT time should be reduced and finally some flexibility should be implemented for onboarding customer based on PED and same for UW.

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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CignaTTk Health Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at CignaTTk Health Insurance ?

The average salary of a Business Development Manager at CignaTTk Health Insurance in India typically ranges from ₹3.3 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 9 years to 12 years).

The top 10% of Business Development Manager at CignaTTk Health 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 CignaTTk Health 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 4 CignaTTk Health Insurance employees in India.

What is the estimated take home salary of a Business Development Manager at CignaTTk Health Insurance in India?

The estimated take-home salary of a Business Development Manager at CignaTTk Health Insurance in India typically ranges from ₹28,477 to ₹29,864 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 9 years 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 4 salaries received from various employees of CignaTTk Health 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 CignaTTk Health Insurance ?

To be a Business Development Manager at CignaTTk Health Insurance in india, the key skills required include:

- Business Development Management
- Team Leading
- Retail Business
- Agency Channel
- Sales Management

These skills are highly valued at CignaTTk Health Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than CignaTTk Health 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 CignaTTk Health Insurance, depending on the role and experience level.

What is the salary of a Business Development Manager in companies similar to CignaTTk Health Insurance in India?

The salary of a Business Development Manager at companies similar to CignaTTk Health 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 CignaTTk Health Insurance in India?

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

Experience	Average Salary Range
9 years	₹4.1 Lakhs to ₹5.3 Lakhs per year
10 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
11 years	₹3.2 Lakhs to ₹4.1 Lakhs per year
12 years	₹2.9 Lakhs to ₹3.7 Lakhs per year

and so on.

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CignaTTk Health Insurance Business Development Manager Salaries

CignaTTk Health 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 4 CignaTTk Health Insurance latest salaries received from various employees of CignaTTk Health Insurance.