HDFC Ergo General Insurance New Delhi Business Development Manager Salaries by 5 Employees (Updated 2025)

1 - 8 years exp.

₹2.8 Lakhs - ₹4.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

52% less than the average Business Development Manager Salary in Insurance Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Manager Salary 1 - 8 years exp. (3 salaries)	₹2.8 L/yr - ₹4.5 L/yr
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Sales & Business Development Business Development Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.5 L/yr

Last Updated: 20 Feb 2025

Companies similar to HDFC Ergo General Insurance for Business Development Manager in New Delhi

HDFC Ergo General Insurance Business Development Manager Salary

1 - 8 years exp. (5 salaries)

₹2.8 L/yr - ₹4.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Business Development Manager Salary 0 - 9 years exp. (163 salaries)	₹2.2 L/yr - ₹5 L/yr 6% more	12 job openings
SBI Life Insurance Company Business Development Manager Salary 0 - 14 years exp. (112 salaries)	₹3 L/yr - ₹6.5 L/yr 48% more
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Bajaj Allianz Life Insurance Business Development Manager Salary 1 - 10 years exp. (17 salaries)	₹3.9 L/yr - ₹5.5 L/yr 27% more	1 job opening
ICICI Prudential Life Insurance Business Development Manager Salary 1 - 7 years exp. (15 salaries)	₹2.3 L/yr - ₹4.8 L/yr 9% more
Aditya Birla Sun Life Insurance Business Development Manager Salary 0 - 10 years exp. (15 salaries)	₹4.1 L/yr - ₹5.3 L/yr 20% more
Axis Max Life Insurance Business Development Manager Salary 2 - 9 years exp. (12 salaries)	₹2.2 L/yr - ₹7 L/yr 35% more	3 job openings
ICICI Lombard General Insurance Company Business Development Manager Salary 4 - 8 years exp. (9 salaries)	₹3 L/yr - ₹8 L/yr 34% more
Reliance Nippon Life Insurance Business Development Manager Salary 6 - 9 years exp. (8 salaries)	₹2.1 L/yr - ₹5.6 L/yr 18% more
Kotak Mahindara Life Insurance Business Development Manager Salary 2 - 12 years exp. (8 salaries)	₹3.7 L/yr - ₹7.5 L/yr 50% more	1 job opening
Shriram Life Insurance Business Development Manager Salary 0 - 5 years exp. (7 salaries)	₹2.2 L/yr - ₹3.5 L/yr 10% less
Tata AIA Life Insurance Business Development Manager Salary 3 - 11 years exp. (5 salaries)	₹3.3 L/yr - ₹4 L/yr 8% more
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Business Development Manager salary at HDFC Ergo General Insurance ranges between ₹2.8 Lakhs to ₹4.5 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 5 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance Business Development Manager salaries in New Delhi

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
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3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
7 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
8 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr

View all

Similar Designation salaries in HDFC Ergo General Insurance

Area Sales Manager Salary

(20 salaries)

₹5 L/yr - ₹17.5 L/yr

Assistant Sales Manager Salary

(6 salaries)

₹3.35 L/yr - ₹5.25 L/yr

Business Development Executive Salary

(4 salaries)

₹3.2 L/yr - ₹4 L/yr

Salary related reviews for HDFC Ergo General Insurance

Business Development Manager

BFSI, Investments & Trading Department

5.0

• posted on 24 Mar 2018

5.0

for Salary and Benefits

Likes

...stry.traning r going time to time .career growth is so good but u have to work .hand some salary package,I live working with Apollo Munich. If I get 1 more chance to work I will work in the same industry.

Salary - Excellent

+6 more

Dislikes

Careless people can't work not in Apollo not any were lese.

Deputy Manager in Surat

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 26 Nov 2024

3.0

for Salary and Benefits

Likes

Employee can manage his/her work life balance at this organization.

Job security - Excellent

+2 more

Dislikes

...the cost cutting which effects Employee's conveyance, variable, appraisals etc.. This means Ergo has to improve the adequate pay scale as per Employee's skills and performance.

Skill development - Poor

+1 more

Branch Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 27 Nov 2022

1.0

for Salary and Benefits

Likes

Claims

Dislikes

...what to do and how.. just business without planning. Lack of vision n mission. Comparatively Very low salary and incentives . Software n system upto 1980s. Focus on employee tracking instead of supporting.

Salary - Bad

+6 more

Sales Executive in Noida

Full Time

Other Department

5.0

• posted on 14 Jul 2020

5.0

for Salary and Benefits

Likes

Manager are more cooperative , i am happy with management and also they will give salary on time in this pandemic situation.

Salary - Excellent

+6 more

Dislikes

Everything is fine but i am not happy with my salary. Salary is too low as compared my work. I am too dedicated to my work .

Sales Officer in Noida

Customer Success, Service & Operations Department

5.0

• posted on 10 Jun 2020

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

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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HDFC Ergo General Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at HDFC Ergo General Insurance in New Delhi?

The average salary of a Business Development Manager at HDFC Ergo General Insurance in New Delhi typically ranges from ₹2.8 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Business Development Manager in New Delhi at HDFC Ergo General 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 HDFC Ergo General 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 HDFC Ergo General Insurance employees in India.

What is the estimated take home salary of a Business Development Manager at HDFC Ergo General Insurance in New Delhi?

The estimated take-home salary of a Business Development Manager at HDFC Ergo General Insurance in New Delhi typically ranges from ₹25,559 to ₹26,989 per month. This is based on the average salary range of ₹2.8 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 1 year to 8 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 HDFC Ergo General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDFC Ergo General Insurance for Business Development Manager in India?

Kotak Mahindara Life Insurance	₹3.7 Lakhs to ₹7.5 Lakhs per year
SBI Life Insurance Company	₹3.0 Lakhs to ₹6.5 Lakhs per year
Axis Max Life Insurance	₹2.2 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company	₹3.0 Lakhs to ₹8.0 Lakhs per year
Bajaj Allianz Life Insurance	₹3.9 Lakhs to ₹5.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HDFC Ergo General Insurance, depending on the role and experience level.

What is the salary of a Business Development Manager in companies similar to HDFC Ergo General Insurance in New Delhi?

The salary of a Business Development Manager at companies similar to HDFC Ergo General Insurance in New Delhi varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Sun Life Insurance	₹4.1 Lakhs to ₹5.3 Lakhs per year
Reliance Nippon Life Insurance	₹2.1 Lakhs to ₹5.6 Lakhs per year
ICICI Prudential Life Insurance	₹2.3 Lakhs to ₹4.8 Lakhs per year
Tata AIA Life Insurance	₹3.3 Lakhs to ₹4.0 Lakhs per year
HDFC Life	₹2.2 Lakhs to ₹5.0 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 HDFC Ergo General Insurance in New Delhi?

The salary growth for a Business Development Manager at HDFC Ergo General Insurance in New Delhi depends on factors such as experience, performance, and promotions. On average, a Business Development Manager in New Delhi can expect the following growth trajectory at HDFC Ergo General Insurance:

Experience	Average Salary Range
1 year	₹2.9 Lakhs to ₹3.7 Lakhs per year
2 years	₹3.0 Lakhs to ₹3.8 Lakhs per year
3 years	₹3.0 Lakhs to ₹3.9 Lakhs per year
4 years	₹3.1 Lakhs to ₹4.0 Lakhs per year

and so on.

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HDFC Ergo General Insurance Business Development Manager Salaries in New Delhi

HDFC Ergo General Insurance Business Development Manager salary in New Delhi ranges between ₹2.8 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.

HDFC Ergo General Insurance Business Development Manager salaries in New Delhi (Updated 2025)

Companies similar to HDFC Ergo General Insurance for Business Development Manager in New Delhi

Latest annual salaries shared by HDFC Ergo General Insurance Business Development Manager in New Delhi

Experience wise HDFC Ergo General Insurance Business Development Manager salaries in New Delhi

Similar Designation salaries in HDFC Ergo General Insurance

Salary related reviews for HDFC Ergo General Insurance

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Deputy Manager in Surat

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HDFC Ergo General Insurance Business Development Manager Salary FAQs

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