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HDFC Life

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4.0

based on 9k Reviews

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HDFC Life Sales Development Manager salaries in India

Annual salary range
0 - 8 years exp.
₹1.5 Lakh - ₹4.5 Lakhs
Salary of majority employees
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30% less than the average Sales Development Manager Salary in Insurance Companies for 0 - 8 years of experience

Interested in this particular role? 8 job openings

Salaries in different departments

BFSI, Investments & Trading
Sales Development Manager Salary
0 - 8 years exp. (318 salaries)
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₹1.5 L/yr - ₹4.5 L/yr

Sales & Business Development
Sales Development Manager Salary
0 - 8 years exp. (180 salaries)
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₹1.5 L/yr - ₹4 L/yr

Customer Success, Service & Operations
Sales Development Manager Salary
0 - 7 years exp. (55 salaries)
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₹1.8 L/yr - ₹3.8 L/yr

Finance & Accounting
Sales Development Manager Salary
0 - 6 years exp. (54 salaries)
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₹1.8 L/yr - ₹3.6 L/yr

Marketing & Communication
Sales Development Manager Salary
0 - 6 years exp. (41 salaries)
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₹1.8 L/yr - ₹3.5 L/yr

Last Updated: 22 Feb 2025

Companies similar to HDFC Life for Sales Development Manager

Company name Avg Annual Salary Open Jobs
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ICICI Prudential Life Insurance Sales Development Manager Salary

1 - 8 years exp. (4 salaries)
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₹2.5 L/yr - ₹5.2 L/yr

arrow icon 23% more
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SBI Life Insurance Company Sales Development Manager Salary

0 - 8 years exp. (15 salaries)
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₹2.5 L/yr - ₹4 L/yr

arrow icon 6% less
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Max Life Insurance Sales Development Manager Salary

3 - 5 years exp. (4 salaries)
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₹1.8 L/yr - ₹3 L/yr

arrow icon 16% less
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Bajaj Allianz Life Insurance Sales Development Manager Salary

3 - 9 years exp. (4 salaries)
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₹1.8 L/yr - ₹8.5 L/yr

arrow icon 51% more
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Tata AIA Life Insurance Sales Development Manager Salary

2 - 5 years exp. (5 salaries)
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₹2.5 L/yr - ₹4.8 L/yr

arrow icon 12% more
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Shriram Life Insurance Sales Development Manager Salary

1 - 3 years exp. (7 salaries)
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₹1.8 L/yr - ₹2.4 L/yr

arrow icon 35% less
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HDFC Ergo General Insurance Sales Development Manager Salary

3 - 4 years exp. (4 salaries)
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₹2.2 L/yr - ₹2.7 L/yr

arrow icon 20% less
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Reliance Nippon Life Insurance Sales Development Manager Salary

0 - 3 years exp. (3 salaries)
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₹2.6 L/yr - ₹3 L/yr

arrow icon 11% less
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ICICI Lombard General Insurance Company Sales Development Manager Salary

2 - 14 years exp. (3 salaries)
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₹3.3 L/yr - ₹6 L/yr

arrow icon 38% more
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Kotak Mahindara Life Insurance Sales Development Manager Salary

0 - 4 years exp. (3 salaries)
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₹3.6 L/yr - ₹6.5 L/yr

arrow icon 41% more
Sales Development Manager salary at HDFC Life ranges between ₹1.5 Lakh to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 913 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Sales Development Manager

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Experience wise HDFC Life Sales Development Manager salaries

Last Updated: 22 Feb 2025

Experience Avg Annual Salary
Fresher  (121 salaries)

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₹1.8 L/yr - ₹4 L/yr
1 year  (203 salaries)

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₹1.5 L/yr - ₹4.5 L/yr
2 years  (201 salaries)

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₹1.8 L/yr - ₹4 L/yr
3 years  (175 salaries)

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₹1.8 L/yr - ₹4.2 L/yr
4 years  (108 salaries)

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₹1.8 L/yr - ₹4.5 L/yr
View all
HDFC Life Sales Development Manager Salary and Career Growth

From

To

Sales Development Manager

₹unlock blur Lakhs/yr

0 - 8 years exp.

Senior Sales Manager

₹unlock blur Lakhs/yr

4 - 14 years exp.

Sales Development Manager 0 - 8 years exp.
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BDM 0 - 10 years exp.
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arrow icon 5% hike
Assistant Sales Manager 1 - 10 years exp.
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arrow icon 39% hike

View more

Similar Designation salaries in HDFC Life

Corporate Agency Manager Salary
(1.9k salaries)
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₹1.8 L/yr - ₹5.2 L/yr
Senior Corporate Agency Manager Salary
(1.8k salaries)
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₹2.85 L/yr - ₹6 L/yr
Bancassurance Manager Salary
(1.2k salaries)
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₹3 L/yr - ₹7 L/yr
Relationship Manager Salary
(745 salaries)
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₹1.7 L/yr - ₹5 L/yr
Senior Relationship Manager Salary
(317 salaries)
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₹2 L/yr - ₹5 L/yr
Cluster Manager Salary
(296 salaries)
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₹5.65 L/yr - ₹12 L/yr
Branch Manager Salary
(271 salaries)
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₹5.25 L/yr - ₹12.5 L/yr
Agency Development Manager Salary
(244 salaries)
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₹2.5 L/yr - ₹6.5 L/yr
Senior Corporate Sales Manager Salary
(233 salaries)
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₹5 L/yr - ₹14.5 L/yr
Associate Circle Head Salary
(215 salaries)
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₹5.4 L/yr - ₹14 L/yr

Top skills at HDFC Life for Sales Development Manager

Insurance Sales Life Insurance Sales banca sales Bancassurance Bfsi Sales Insurance Banking Sales Salesforce Sales Development Insurance Life Insurance Banking Sales Insurance Sales banca

Salary related reviews for HDFC Life

3.7

Rated by 487 employees for salary & benefits

Sales Development Manager in Mumbai

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 22 Mar 2023
2.0
 for  Salary and Benefits

Likes

Not strict work environment Leaves we can easily get for any purpose

Dislikes

Relieving/Experience certificate delayed. Increased salary taken back after resignation. HR not supportive Managers all are not helpful and don't want to take responsibility Salary too low and incentives also hardly we earn

read more
  • Salary - Poor
    • +5 more

Sales Development Manager in Navi Mumbai

Full Time

 · 

Bancassurace-alliance Department

4.0
  •  posted on 04 May 2022
5.0
 for  Salary and Benefits

Likes

Working Environment Is very good even the bosses Also in a pandamic company not done any cost cutting they provided a full salary of all employees After Covid They added Retail in Employees Kra means if you want promotion then you have to achieve your Retail Target Is mandatory Working Time Is Very Good

read more
  • Salary - Excellent
    • +2 more

Dislikes

Cross sale Pressure is very high

  • Promotions - Bad

Sales Development Manager in Indore

Bancasurance Department

4.0
  •  posted on 12 Apr 2019
1.0
 for  Salary and Benefits

Likes

Hdfc life has good products which you can sale easily in market.

  • Skill development - Excellent

Dislikes

...e your business to your collogue who is ready to do everything on there words. Compensation issues, Bussiness issues, Location issues,

read more
  • Salary - Bad
    • +4 more

Sales Development Manager in Thane

RBL Bank Branch Banking Department

5.0
  •  posted on 18 Jan 2022
2.0
 for  Salary and Benefits

Likes

Job Security, Work Culture, Management and Company Culture is excellent. Will give you an opportunity even if you don't have insurance background. Helpful in career growth and personal development.

read more
  • Skill development - Good
    • +5 more

Dislikes

Salary and benefits are very low.

  • Salary - Poor

Sales Development Manager in Hamirpur

Sales & Business Development Department

3.0
  •  posted on 20 May 2021
2.0
 for  Salary and Benefits

Likes

...t.teams mate are supportive bt management is bad.there is no mrng tea in office.neither a good salary .

read more
  • Promotions - Good

Dislikes

There is a lot of politics with fls by upline.worst environment.thay doest not adress our issue. Too much pressure by upline ACH, CH, hr management. They always degrade to fls. No one is supportive.

read more
  • Salary - Poor
    • +5 more
see more salary related reviews

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HDFC Life Sales Development Manager Salary FAQs

What is the salary of Sales Development Manager at HDFC Life?
Sales Development Manager salary at HDFC Life in India ranges between ₹1.5 Lakhs to ₹4.5 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 30% less than the average Sales Development Manager Salary in India. Salary estimates are based on 913 latest salaries received from various employees of HDFC Life India.
How does the salary of a Sales Development Manager at HDFC Life India compare with the average salary range for this job?
The average salary of a Sales Development Manager at HDFC Life is 30% less than the average salary of a Sales Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Sales Development Manager at HDFC Life?
Insurance Sales, Life Insurance, Sales, banca sales and Bancassurance are some of the popular skills required to work as a Sales Development Manager at HDFC Life India.
Which similar companies are paying more than HDFC Life to a Sales Development Manager in India?
  • Bajaj Allianz Life Insurance Sales Development Manager Salary - ₹1.8 Lakhs to ₹8.5 Lakhs per year
  • Kotak Mahindara Life Insurance Sales Development Manager Salary - ₹3.6 Lakhs to ₹6.5 Lakhs per year
  • ICICI Lombard General Insurance Company Sales Development Manager Salary - ₹3.3 Lakhs to ₹6.0 Lakhs per year
  • ICICI Prudential Life Insurance Sales Development Manager Salary - ₹2.5 Lakhs to ₹5.2 Lakhs per year
  • Tata AIA Life Insurance Sales Development Manager Salary - ₹2.5 Lakhs to ₹4.8 Lakhs per year
What is the salary of a Sales Development Manager in companies similar to HDFC Life in India?
  • SBI Life Insurance Company Sales Development Manager Salary - ₹2.5 Lakhs to ₹4.0 Lakhs per year
  • Reliance Nippon Life Insurance Sales Development Manager Salary - ₹2.6 Lakhs to ₹3.0 Lakhs per year
  • Max Life Insurance Sales Development Manager Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year
  • HDFC Ergo General Insurance Sales Development Manager Salary - ₹2.2 Lakhs to ₹2.7 Lakhs per year
  • Shriram Life Insurance Sales Development Manager Salary - ₹1.8 Lakhs to ₹2.4 Lakhs per year
What is the estimated take home salary of a Sales Development Manager at HDFC Life in India?
The estimated take-home salary of a Sales Development Manager at HDFC Life ranges between ₹23,165 per month to ₹24,631 per month in India. The take-home salary calculation is based on the average HDFC Life Sales Development Manager salary in India which ranges between ₹1.5 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 8 years. Check how did we calculate take home salary?
What is the notice period for Sales Development Manager at HDFC Life?
According to AmbitionBox, 62% of the HDFC Life Sales Development Manager s reported a notice period of 1 Month, 29% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 815 responses on AmbitionBox in last 2 years.

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HDFC Life Sales Development Manager Salaries by Location

HDFC Life Sales Development Manager salary in India ranges between ₹1.5 Lakh to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 913 HDFC Life latest salaries received from various employees of HDFC Life.