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Annual salary range
0 - 11 years exp.
₹1.5
Lakh - ₹4.8
Lakhs
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detailed salary insights 
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary52% less than the average Business Development Manager Salary in Insurance Companies for 0 - 11 years of experience
Interested in this particular role? 13 job openings
Salaries in different departments
Sales & Business Development
Business Development Manager Salary
0 - 11
years
exp.
(362
salaries)
|  ₹1.8 L/yr - ₹4.6 L/yr |
BFSI, Investments & Trading
Business Development Manager Salary
0 - 9
years
exp.
(320
salaries)
| ₹1.5 L/yr - ₹4.5 L/yr |
Login to view exact salary
| |
Finance & Accounting
Business Development Manager Salary
0 - 10
years
exp.
(97
salaries)
| ₹1.9 L/yr - ₹4.8 L/yr |
Customer Success, Service & Operations
Business Development Manager Salary
0 - 9
years
exp.
(92
salaries)
| ₹1.8 L/yr - ₹4.5 L/yr |
Marketing & Communication
Business Development Manager Salary
0 - 10
years
exp.
(86
salaries)
| ₹2.1 L/yr - ₹4.5 L/yr |
Companies similar to HDFC Life for Business Development Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 ICICI Prudential Life Insurance Business Development Manager Salary
0 - 10 years exp. (134 salaries) | ₹2.3 L/yr - ₹5 L/yr 
6%
more | |
 SBI Life Insurance Company Business Development Manager Salary
0 - 14 years exp. (921 salaries) | ₹1.9 L/yr - ₹7 L/yr
34%
more | |
Login to view exact salary
| ||
 Max Life Insurance Business Development Manager Salary
2 - 10 years exp. (200 salaries) | ₹2.2 L/yr - ₹7.3 L/yr
42%
more | 3 job openings |
 Bajaj Allianz Life Insurance Business Development Manager Salary
0 - 15 years exp. (201 salaries) | ₹3 L/yr - ₹6 L/yr
20%
more | 1 job opening |
 Tata AIA Life Insurance Business Development Manager Salary
2 - 10 years exp. (24 salaries) | ₹2.5 L/yr - ₹6.5 L/yr
2%
more | |
 Aditya Birla Sun Life Insurance Business Development Manager Salary
0 - 12 years exp. (137 salaries) | ₹2.5 L/yr - ₹6.5 L/yr
20%
more | |
 Shriram Life Insurance Business Development Manager Salary
0 - 10 years exp. (91 salaries) | ₹2 L/yr - ₹5 L/yr 
12%
less | |
 Kotak Mahindara Life Insurance Business Development Manager Salary
3 - 12 years exp. (91 salaries) | ₹2 L/yr - ₹10.3 L/yr
60%
more | 3 job openings |
 ICICI Lombard General Insurance Company Business Development Manager Salary
2 - 14 years exp. (88 salaries) | ₹2.5 L/yr - ₹10 L/yr
41%
more | |
 Reliance Nippon Life Insurance Business Development Manager Salary
1 - 14 years exp. (59 salaries) | ₹1.5 L/yr - ₹6 L/yr
14%
more | |
 Care Health Insurance Business Development Manager Salary
2 - 17 years exp. (24 salaries) | ₹2.7 L/yr - ₹7.5 L/yr
17%
more | |
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| ||
 HDFC Ergo General Insurance Business Development Manager Salary
1 - 9 years exp. (13 salaries) | ₹2.7 L/yr - ₹5.4 L/yr
16%
more | |
 Docland Business Development Manager Salary
1 - 9 years exp. (15 salaries) | ₹1.8 L/yr - ₹3 L/yr
29%
less | |
 PNB MetLife Business Development Manager Salary
4 - 8 years exp. (7 salaries) | ₹2 L/yr - ₹5.5 L/yr
8%
more | |
 Aegon Religare Life Insurance Business Development Manager Salary
4 - 15 years exp. (5 salaries) | ₹3.3 L/yr - ₹6.5 L/yr
50%
more | |
 The Oriental Insurance Co. Business Development Manager Salary
2 - 18 years exp. (4 salaries) | ₹11.4 L/yr - ₹24.6 L/yr
534%
more | |
 Aditya Birla Insurance Brokers Business Development Manager Salary
5 - 18 years exp. (4 salaries) | ₹3.5 L/yr - ₹4.9 L/yr
14%
more | |
 Gallagher Business Development Manager Salary
4 - 14 years exp. (3 salaries) | ₹10 L/yr - ₹10.8 L/yr
185%
more | |
Business Development Manager salary at HDFC Life ranges between ₹1.5
Lakh
to ₹4.8
Lakhs
per year for employees with less than 1 year of experience to 11 years. Salary
estimates are based on
1.4k latest salaries received
from various employees of HDFC Life.
Latest annual salaries shared by HDFC Life Business Development Manager
1d ago
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exp.
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exp.
2d ago
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years
exp.
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months
exp.
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years
exp.
Experience wise HDFC Life Business Development Manager salaries
Last Updated: 4 Jan 2025
| Experience | Avg Annual Salary |
|---|---|
| Fresher (87 salaries) |
₹2
L/yr
- ₹4
L/yr
|
| 1 year (124 salaries) |
₹1.8
L/yr
- ₹4.5
L/yr
|
Login to view exact salary
| |
| 2 years (200 salaries) |
₹1.9
L/yr
- ₹4
L/yr
|
| 3 years (299 salaries) |
₹1.5
L/yr
- ₹4.5
L/yr
|
| 4 years (218 salaries) |
₹1.9
L/yr
- ₹4.6
L/yr
|
View all
Similar Designation salaries in HDFC Life
Top skills at HDFC Life for Business Development Manager
Business Development Management
Insurance Sales
Agency Sales
Agent Recruitment
Agency Channel
Life Insurance
Sales
Field Sales
Distribution Network
bfsi
Claim Settlement
Insurance
Business Development
agency development
Sales Management
Salary related reviews for HDFC Life
Discover interview dos and don'ts from real experiences
Top trending discussions
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Salary Discussions, Hike & Promotions
2w
a senior consultant
Retention offer
Hello,
Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus
Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L)
I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance.
The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte.
Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too
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HDFC Life Business Development Manager Salary FAQs
What is the salary of Business Development Manager at HDFC Life?
Business Development Manager salary at HDFC Life in India ranges between ₹1.5 Lakhs to ₹4.8 Lakhs for less than 1 year of experience to 11 years. According to our estimates it is 52% less than the average Business Development Manager Salary in India. Salary estimates are based on 1.4k latest salaries received from various employees of HDFC Life India.
How does the salary of a Business Development Manager at HDFC Life India compare with the average salary range for this job?
The average salary of a Business Development Manager at HDFC Life is 52% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Business Development Manager at HDFC Life?
Business Development Management, Insurance Sales, Agency Sales, Agent Recruitment and Agency Channel are some of the popular skills required to work as a Business Development Manager at HDFC Life India.
Which similar companies are paying more than HDFC Life to a Business Development Manager in India?
- The Oriental Insurance Co. Business Development Manager Salary - ₹11.4 Lakhs to ₹24.6 Lakhs per year
- Gallagher Business Development Manager Salary - ₹10.0 Lakhs to ₹10.8 Lakhs per year
- Kotak Mahindara Life Insurance Business Development Manager Salary - ₹2.0 Lakhs to ₹10.3 Lakhs per year
- Aegon Religare Life Insurance Business Development Manager Salary - ₹3.3 Lakhs to ₹6.5 Lakhs per year
- Max Life Insurance Business Development Manager Salary - ₹2.2 Lakhs to ₹7.3 Lakhs per year
What is the salary of a Business Development Manager in companies similar to HDFC Life in India?
- ICICI Lombard General Insurance Company Business Development Manager Salary - ₹2.5 Lakhs to ₹10.0 Lakhs per year
- SBI Life Insurance Company Business Development Manager Salary - ₹1.9 Lakhs to ₹7.0 Lakhs per year
- Bajaj Allianz Life Insurance Business Development Manager Salary - ₹3.0 Lakhs to ₹6.0 Lakhs per year
- Aditya Birla Sun Life Insurance Business Development Manager Salary - ₹2.5 Lakhs to ₹6.5 Lakhs per year
- Care Health Insurance Business Development Manager Salary - ₹2.7 Lakhs to ₹7.5 Lakhs per year
What is the estimated take home salary of a Business Development Manager at HDFC Life in India?
The estimated take-home salary of a Business Development Manager at HDFC Life ranges between ₹26,356 per month to ₹27,774 per month in India. The take-home salary calculation is based on the average HDFC Life Business Development Manager salary in India which ranges between ₹1.5 Lakhs to ₹4.8 Lakhs per year for employees with less than 1 year of experience to 11 years. Check how did we calculate take home salary?
What is the notice period for Business Development Manager at HDFC Life?
According to AmbitionBox, 53% of the HDFC Life Business Development Managers reported a notice period of 1 Month, 41% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 2k responses on AmbitionBox in last 2 years.
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HDFC Life Business Development Manager Salaries by Location
- HDFC Life Business Development Manager salaries in Mumbai
- HDFC Life Business Development Manager salaries in New Delhi
- HDFC Life Business Development Manager salaries in Kolkata
- HDFC Life Business Development Manager salaries in Pune
- HDFC Life Business Development Manager salaries in Lucknow
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HDFC Life Business Development Manager salary
in
India
ranges between ₹1.5
Lakh to ₹4.8
Lakhs with an average annual salary of
₹. Salary estimates are based on
1.4k
HDFC Life latest salaries received from various employees of
HDFC Life.