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

5 - 8 years exp.

₹4.8 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

35% less than the average Business Development Manager Salary in Insurance Companies for 5 - 8 years of experience

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Last Updated: 17 Oct 2024

Companies similar to General Insurance for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
Life Insurance Corporation of India Business Development Manager Salary 0 - 10 years exp. (16 salaries)	₹1.8 L/yr - ₹7 L/yr 19% less
ICICI Lombard General Insurance Company Business Development Manager Salary 0 - 13 years exp. (84 salaries)	₹1.1 L/yr - ₹9 L/yr 10% less
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HDFC Ergo General Insurance Business Development Manager Salary 1 - 9 years exp. (15 salaries)	₹2.7 L/yr - ₹5.4 L/yr 12% less
Bajaj Allianz General Insurance Business Development Manager Salary 3 - 12 years exp. (98 salaries)	₹3.5 L/yr - ₹7 L/yr 3% more	9 job openings
Tata AIG Business Development Manager Salary 2 - 10 years exp. (18 salaries)	₹3.1 L/yr - ₹6 L/yr 12% less
SBI General Insurance Business Development Manager Salary 0 - 10 years exp. (311 salaries)	₹1.6 L/yr - ₹5 L/yr 23% less	11 job openings
SBI Life Insurance Company Business Development Manager Salary 0 - 14 years exp. (926 salaries)	₹1.9 L/yr - ₹7 L/yr 1% less
Bajaj Allianz Life Insurance Business Development Manager Salary 0 - 15 years exp. (196 salaries)	₹3 L/yr - ₹6 L/yr 13% less
Niva Bupa Health Insurance Company Business Development Manager Salary 0 - 12 years exp. (149 salaries)	₹2.7 L/yr - ₹7 L/yr 16% less	1 job opening
Aditya Birla Sun Life Insurance Business Development Manager Salary 0 - 12 years exp. (135 salaries)	₹3 L/yr - ₹5.5 L/yr 15% less
Aditya Birla Health Insurance Co Business Development Manager Salary 1 - 13 years exp. (95 salaries)	₹3.4 L/yr - ₹6.5 L/yr 8% less
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Bharti AXA Life Insurance Business Development Manager Salary 0 - 10 years exp. (62 salaries)	₹2.4 L/yr - ₹8.8 L/yr 13% less
Reliance Nippon Life Insurance Business Development Manager Salary 2 - 14 years exp. (58 salaries)	₹1.8 L/yr - ₹6 L/yr 14% less
Future Generali India Life Insurance Business Development Manager Salary 0 - 13 years exp. (29 salaries)	₹3.5 L/yr - ₹7 L/yr 8% more
Tata AIA Life Insurance Business Development Manager Salary 2 - 10 years exp. (24 salaries)	₹2.5 L/yr - ₹6.5 L/yr 25% less
Canara HSBC Life Insurance Business Development Manager Salary 1 - 14 years exp. (7 salaries)	₹2.5 L/yr - ₹6.2 L/yr 8% less
Medi Assist India Business Development Manager Salary 6 - 13 years exp. (4 salaries)	₹4.5 L/yr - ₹11.2 L/yr 54% more	3 job openings
Gallagher Business Development Manager Salary 4 - 14 years exp. (3 salaries)	₹10 L/yr - ₹10.8 L/yr 109% more
Digit Insurance Business Development Manager Salary 5 - 16 years exp. (3 salaries)	₹6.7 L/yr - ₹12.5 L/yr 79% more

Business Development Manager salary at General Insurance ranges between ₹4.8 Lakhs to ₹5 Lakhs per year for employees with experience between 5 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of General Insurance.

Experience wise General Insurance Business Development Manager salaries

Last Updated: 17 Oct 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹8.7 L/yr
6 years (AmbitionBox Estimate)	₹2 L/yr - ₹5 L/yr
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7 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
8 years (AmbitionBox Estimate)	₹5 L/yr - ₹5 L/yr

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Salary related reviews for General Insurance

Kolkata in Kolkata

Sales & Business Development Department

4.0

• posted on 22 Apr 2021

4.0

for Salary and Benefits

Likes

I have worked in general insurance and i have experience and feild working habituated.I have issues policy from TATA, Chola, Shriram, Bajaj,go digit , ICICI Lombard from welcom financial Pvt Ltd Kolkata.I have interested with general insurance company

Salary - Good

+6 more

Dislikes

Nathing special but claim settlement should be fast for the customer's

LOSS ASSESSOR RISK INSPECTION ENGINEER,FACULTY in Noida

In industries --quality, production, in general insurance claims assess... Department

5.0

• posted on 20 Aug 2019

5.0

for Salary and Benefits

Likes

I am an expert in Motor claims of unlimited estimated loss. Carried out more than 11000 surveys so far. I like it and also delivered lectures in several national level seminars and work shops. I am honored to opine on the motor litigated and cases filed before the ombudsman for decision. I give my opinion on base of insurance laws and technicalities on the claims. I am also expert in pre insurance inspection /Risk Inspections also in Risk management of non motor insurance. I like the most above both jabs. I have deep knowledge of law and engineering/ technicality of the claims. I am very innovative with technology and laws and cooperative with the colleagues and do respect the bosses.

Salary - Excellent

+6 more

Dislikes

i like this industry. as my job is dependent on insurers so, some time i face deputation problem.

Regional Manager

BFSI, Investments & Trading Department

5.0

• posted on 16 Jul 2018

5.0

for Salary and Benefits

Likes

When Insurance industry was opened for for private participation in 2004, it was projected by market leaders that the existing public sector general insurance [PSGI] will be doomed in five years. Alas, that it was not to be. Even now the PSGI compnies hold more than 50% of Market Share of General Insurance Premium and is growing steadily and are making the Pvt. Sector Insurance companies run for their money. Unlike Life insurance where investments are made for long term, the general insurance contracts are annual in nature, yet the public confidence is still with PSGI companies. There can be delay but there won't be deny in case of any major catastrophe. Ofcourse, the PSGI companies have to be more customer friendly when it comes to hassle free acceptance of premium as well as settlement of claims by using the latest advanced automation/digitilaisation.

Salary - Excellent

+6 more

Dislikes

At times it may be frustrating for the really competent persons as out of turn recognition / elevation is not possible, as well as tougher industrial relations -- because of the undue advantage taken by certain undeserving elements taking protection under the prrevailing reservation system.

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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General Insurance Business Development Manager Salary FAQs

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

Business Development Manager salary at General Insurance in India ranges between ₹4.8 Lakhs to ₹5.0 Lakhs for experience between 5 years to 8 years. According to our estimates it is 35% less than the average Business Development Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of General Insurance India.

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

The average salary of a Business Development Manager at General Insurance is 35% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.

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

Gallagher Business Development Manager Salary - ₹10.0 Lakhs to ₹10.8 Lakhs per year
Digit Insurance Business Development Manager Salary - ₹6.7 Lakhs to ₹12.5 Lakhs per year
Medi Assist India Business Development Manager Salary - ₹4.5 Lakhs to ₹11.2 Lakhs per year
Future Generali India Life Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
Bajaj Allianz General Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year

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

SBI Life Insurance Company Business Development Manager Salary - ₹1.9 Lakhs to ₹7.0 Lakhs per year
Canara HSBC Life Insurance Business Development Manager Salary - ₹2.5 Lakhs to ₹6.2 Lakhs per year
Aditya Birla Health Insurance Co Business Development Manager Salary - ₹3.4 Lakhs to ₹6.5 Lakhs per year
ICICI Lombard General Insurance Company Business Development Manager Salary - ₹1.1 Lakhs to ₹9.0 Lakhs per year
HDFC Ergo General Insurance Business Development Manager Salary - ₹2.7 Lakhs to ₹5.4 Lakhs per year

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

The estimated take-home salary of a Business Development Manager at General Insurance ranges between ₹36,877 per month to ₹38,088 per month in India. The take-home salary calculation is based on the average General Insurance Business Development Manager salary in India which ranges between ₹4.8 Lakhs to ₹5.0 Lakhs per year for employees with experience between 5 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Business Development Manager at General Insurance?

According to AmbitionBox, 67% of the General Insurance Business Development Managers reported a notice period of 15 days or less, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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General Insurance Business Development Manager Salaries

General Insurance Business Development Manager salary in India ranges between ₹4.8 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 General Insurance latest salaries received from various employees of General Insurance.