Pramerica Life Insurance Business Development Manager Salaries by 4 Employees (Updated 2025)

3 - 14 years exp.

₹3 Lakhs - ₹4.5 Lakhs

Salary of majority employees

48% less than the average Business Development Manager Salary in Insurance Companies for 3 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Manager Salary 13 - 14 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹4.5 L/yr
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Marketing & Communication Business Development Manager Salary 4 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.7 L/yr

Last Updated: 20 Mar 2025

Companies similar to Pramerica Life Insurance for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
IndiaFirst Life Insurance Business Development Manager Salary 0 - 10 years exp. (452 salaries)	₹1.5 L/yr - ₹6 L/yr At par	1 job opening
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. (79 salaries)	₹3.4 L/yr - ₹6 L/yr 16% more
Bharti AXA Life Insurance Business Development Manager Salary 0 - 10 years exp. (64 salaries)	₹2.4 L/yr - ₹8.8 L/yr 6% more
Cholamandalam MS General Insurance Business Development Manager Salary 1 - 15 years exp. (59 salaries)	₹2.8 L/yr - ₹13 L/yr 96% more
Future Generali India Life Insurance Business Development Manager Salary 0 - 13 years exp. (30 salaries)	₹3.5 L/yr - ₹7 L/yr 33% more
Aegon Life Insurance Business Development Manager Salary 3 - 11 years exp. (18 salaries)	₹4 L/yr - ₹8 L/yr 35% more
Magma HDI General Insurance Business Development Manager Salary 5 - 10 years exp. (7 salaries)	₹9 L/yr - ₹13.6 L/yr 139% more
Paramount Health Services Tpa Business Development Manager Salary 3 - 20 years exp. (7 salaries)	₹3.7 L/yr - ₹7 L/yr 31% 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 6% more
Ageas Federal Life Insurance Business Development Manager Salary 2 - 9 years exp. (5 salaries)	₹3.5 L/yr - ₹5 L/yr 5% more
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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 2% less
Mahindra Insurance Brokers Business Development Manager Salary 5 - 6 years exp. (4 salaries)	₹3.6 L/yr - ₹4 L/yr 1% less
Medi Assist India Business Development Manager Salary 6 - 13 years exp. (4 salaries)	₹4.5 L/yr - ₹11.2 L/yr 93% more	1 job opening
ManipalCigna Health Insurance Business Development Manager Salary 5 - 11 years exp. (4 salaries)	₹2.9 L/yr - ₹4 L/yr 12% less
Shriram General Insurance Business Development Manager Salary 1 - 8 years exp. (4 salaries)	₹2.4 L/yr - ₹5.5 L/yr 7% less
Allianz Partners Business Development Manager Salary 4 - 6 years exp. (3 salaries)	₹7.8 L/yr - ₹10 L/yr 131% more
Liberty General Insurance Business Development Manager Salary 1 - 13 years exp. (3 salaries)	₹6 L/yr - ₹26 L/yr 247% more

Business Development Manager salary at Pramerica Life Insurance ranges between ₹3 Lakhs to ₹4.5 Lakhs per year for employees with experience between 3 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Pramerica Life Insurance.

Experience wise Pramerica Life Insurance Business Development Manager salaries

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.8 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.9 L/yr
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5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
8 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
9 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.5 L/yr
10 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
11 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
12 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
13 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.5 L/yr
14 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.5 L/yr

View all

Similar Designation salaries in Pramerica Life Insurance

Senior Business Development Manager Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Business Development Associate Salary

(AmbitionBox Estimate)

₹9.9 L/yr - ₹12.6 L/yr

Business Development Executive Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Assistant Sales Manager Salary

(7 salaries)

₹2.25 L/yr - ₹3.6 L/yr

Senior Business Development Executive Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Senior Sales Manager Salary

(116 salaries)

₹3 L/yr - ₹5 L/yr

Area Sales Manager Salary

(6 salaries)

₹2.5 L/yr - ₹4.2 L/yr

Territory Sales Manager Salary

(4 salaries)

₹4.2 L/yr - ₹13.5 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

₹17.1 L/yr - ₹21.8 L/yr

Salary related reviews for Pramerica Life Insurance

Senior Sales Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 09 Nov 2023

2.0

for Salary and Benefits

Likes

Nothing.

Dislikes

In my vertical it isn't a right place to work with. This is the fake institutional business channel, more over you had to source your own business and also don't rely on the support of the corporate agent(Broking Partner). Please think twice before joining in the IB Vertical.

Salary - Poor

+3 more

Sales Manager

BFSI, Investments & Trading Department

3.0

• posted on 01 Jan 2019

5.0

for Salary and Benefits

Likes

Salary and other perks are disbursed as per schedule and on time. As far as work life balance is concerned , 4 out of 5 on a rating scale.

Salary - Excellent

+1 more

Dislikes

Learning and development is a concern area at Dhfl . On innovation front company is far behind in comparison to its peers . 2nd major concern is u cant consider ur job at dhfl secure. Even middle management is worried when u talk of job security at dhfl

Job security - Poor

Relationship Manager in Ambala

Education /school empanalment , team development ,And policy sale Department

2.0

• posted on 06 Sep 2017

5.0

for Salary and Benefits

Likes

I had a great experiance before joining when i worked as a commision agent only and just working for 24 percent commision even though i didn't have any license . Iwas just a commission agent .

Salary - Excellent

+4 more

Dislikes

...nise an activity there they denided to finance it .but i did on my own account . And there was 2 month and 17 day that i haven't recived my salary . So i regined . As i was left with no money to stay in ambala.

Job security - Poor

+1 more

Associate Sales Manager in Visakhapatnam

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 31 May 2024

1.0

for Salary and Benefits

Likes

Work timings and on time salary

Dislikes

Worst company I have ever worked. No professional management. No response from the HR management. The branch manager of vizag branch very worst. If anythings doesnot goes according to him he simply keeps unpaid to the whole month employees attendance which will lead to loss of pay. If we complaint to HR level then also they won't take any action. The BM even asks money from the customers for settling death claims. He does not know how to talk with the employees. He does not have any BM qualities and qualifications.

Salary - Bad

+6 more

Renewal Executive in Ranchi

Full Time

Procurement & Supply Chain Department

5.0

• posted on 13 Apr 2018

5.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology

Salary - Excellent

+3 more

Dislikes

Compensation is decent but growth is very slow. The work pressure is very high . I have to work 13 - 14 hours straight in a day as I have to attend customer call in the evening and some time late night received con call

see more salary related reviews

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Pramerica Life Insurance Business Development Manager Salary FAQs

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

The average salary of a Business Development Manager at Pramerica Life Insurance in India typically ranges from ₹3.0 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 3 years to 14 years).

The top 10% of Business Development Manager at Pramerica Life Insurance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Business Development Manager Salaries at Pramerica 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 4 Pramerica Life Insurance employees in India.

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

The estimated take-home salary of a Business Development Manager at Pramerica Life Insurance in India typically ranges from ₹29,003 to ₹30,383 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 3 years to 14 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 Pramerica Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Liberty General Insurance	₹6.0 Lakhs to ₹26.0 Lakhs per year
Magma HDI General Insurance	₹9.0 Lakhs to ₹13.6 Lakhs per year
Allianz Partners	₹7.8 Lakhs to ₹10.0 Lakhs per year
Cholamandalam MS General Insurance	₹2.8 Lakhs to ₹13.0 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 Pramerica Life Insurance, depending on the role and experience level.

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

The salary of a Business Development Manager at companies similar to Pramerica 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
Bharti AXA Life Insurance	₹2.4 Lakhs to ₹8.8 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 Pramerica Life Insurance in India?

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

Experience	Average Salary Range
3 years	₹3.0 Lakhs to ₹6.8 Lakhs per year
4 years	₹3.0 Lakhs to ₹6.9 Lakhs per year
5 years	₹3.5 Lakhs to ₹4.4 Lakhs per year
6 years	₹3.5 Lakhs to ₹4.5 Lakhs per year

and so on.

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Pramerica Life Insurance Business Development Manager Salaries

Pramerica Life Insurance Business Development Manager salary in India ranges between ₹3 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Pramerica Life Insurance latest salaries received from various employees of Pramerica Life Insurance.