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Hero Insurance Broking India Business Development Manager salaries in India

Annual salary range
9 - 11 years exp.
₹5.2 Lakhs - ₹6.4 Lakhs
Avg. annual salary
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Fixed
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Variable
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Monthly In-hand Salary

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26% less than the average Business Development Manager Salary in Insurance Companies for 9 - 11 years of experience

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Salaries in different departments

Sales & Business Development
Business Development Manager Salary
10 - 11 years exp. (AmbitionBox Estimate)
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₹5.8 L/yr - ₹6.4 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
11 years exp. (AmbitionBox Estimate)
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₹4.7 L/yr - ₹5.7 L/yr

Last Updated: 21 Oct 2024

Companies similar to Hero Insurance Broking India for Business Development Manager

Company name Avg Annual Salary Open Jobs
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Docland Business Development Manager Salary

1 - 15 years exp. (13 salaries)

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₹1.8 L/yr - ₹3.6 L/yr

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₹2.5 L/yr - ₹11.1 L/yr

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₹3.5 L/yr - ₹4.5 L/yr

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₹4 L/yr - ₹5 L/yr

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₹8.1 L/yr - ₹13.9 L/yr

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₹3.8 L/yr - ₹6 L/yr

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₹2.8 L/yr - ₹3.3 L/yr

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₹5.5 L/yr - ₹11.5 L/yr

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₹3 L/yr - ₹11.1 L/yr

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₹3.6 L/yr - ₹5.8 L/yr

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Business Development Manager salary at Hero Insurance Broking India ranges between ₹5.2 Lakhs to ₹6.4 Lakhs per year for employees with experience between 9 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Hero Insurance Broking India.

Latest annual salaries shared by Hero Insurance Broking India Business Development Manager

2mo ago
₹5.2 Lakhs
11 years exp.
8mo ago
₹6.4 Lakhs
11 years exp.
1y ago
₹5.8 Lakhs
10 years exp.
1y ago
₹5.2 Lakhs
9 years exp.

Experience wise Hero Insurance Broking India Business Development Manager salaries

Last Updated: 21 Oct 2024

Experience Avg Annual Salary
9 years (AmbitionBox Estimate)

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₹4.8 L/yr - ₹6.1 L/yr
10 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6.4 L/yr
11 years (AmbitionBox Estimate)

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₹5.3 L/yr - ₹6.7 L/yr

Similar Designation salaries in Hero Insurance Broking India

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₹5.9 L/yr - ₹7.6 L/yr
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Senior Sales Manager Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
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₹7.25 L/yr - ₹10 L/yr
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₹11.6 L/yr - ₹14.5 L/yr
Deputy Manager Salary
(13 salaries)
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₹9.5 L/yr - ₹13.59 L/yr
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₹3 L/yr - ₹7 L/yr
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₹4.2 L/yr - ₹5.6 L/yr
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₹6.6 L/yr - ₹9.5 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.3 L/yr

Top skills at Hero Insurance Broking India for Business Development Manager

Insurance Activation agency Agent Recruitment Agency Channel

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Hero Insurance Broking India Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Hero Insurance Broking India ?
The average salary of a Business Development Manager at Hero Insurance Broking India in India typically ranges from ₹5.2 Lakhs to ₹6.4 Lakhs per year, depending on experience (from 9 years to 11 years).

The top 10% of Business Development Manager at Hero Insurance Broking India earn more than ₹6.4 Lakhs per year, and the top 1% earn over ₹6.4 Lakhs per year. Business Development Manager Salaries at Hero Insurance Broking India 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 Hero Insurance Broking India employees in India.
What is the estimated take home salary of a Business Development Manager at Hero Insurance Broking India in India?
The estimated take-home salary of a Business Development Manager at Hero Insurance Broking India in India typically ranges from ₹42,208 to ₹43,341 per month. This is based on the average salary range of ₹5.2 Lakhs to ₹6.4 Lakhs per year for employees with experience ranging from 9 years to 11 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 Hero Insurance Broking India. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Business Development Manager at Hero Insurance Broking India ?
To be a Business Development Manager at Hero Insurance Broking India in india, the key skills required include:

  • - Insurance
  • - Activation
  • - agency
  • - Agent Recruitment
  • - Agency Channel

These skills are highly valued at Hero Insurance Broking India and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Hero Insurance Broking India for Business Development Manager in India?
Zoom Insurance Brokers ₹8.1 Lakhs to ₹13.9 Lakhs per year
Pioneer Insurance & Reinsurance Brokers ₹5.5 Lakhs to ₹11.5 Lakhs per year
Salasar Services Insurance Brokers ₹2.5 Lakhs to ₹11.1 Lakhs per year
Health India Tpa Services ₹3.0 Lakhs to ₹11.1 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Hero Insurance Broking India, depending on the role and experience level.
What is the salary of a Business Development Manager in companies similar to Hero Insurance Broking India in India?
The salary of a Business Development Manager at companies similar to Hero Insurance Broking India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Vizza Insurance Broking Services ₹3.6 Lakhs to ₹5.8 Lakhs per year
Ideal Insurance Brokers ₹4.0 Lakhs to ₹5.0 Lakhs per year
Peerless Financial Products Distribution ₹3.8 Lakhs to ₹6.0 Lakhs per year
Robinhood Insurance Broker ₹3.5 Lakhs to ₹4.5 Lakhs per year
Sureti Insurance Marketing ₹2.8 Lakhs to ₹3.3 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 Hero Insurance Broking India in India?
The salary growth for a Business Development Manager at Hero Insurance Broking India depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at Hero Insurance Broking India:

Experience Average Salary Range
9 years ₹4.8 Lakhs to ₹6.1 Lakhs per year
10 years ₹5.0 Lakhs to ₹6.4 Lakhs per year
11 years ₹5.3 Lakhs to ₹6.7 Lakhs per year
and so on.

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Hero Insurance Broking India Business Development Manager salary in India ranges between ₹5.2 Lakhs to ₹6.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Hero Insurance Broking India latest salaries received from various employees of Hero Insurance Broking India.