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ICICI Lombard General Insurance Company Business Development Executive salaries in India (Updated 2025)

Annual salary range
0 - 8 years exp.
₹2.5 Lakhs - ₹6.9 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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33% more than the average Business Development Executive Salary in Insurance Companies for 0 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Business Development Executive Salary
0 - 8 years exp. (56 salaries)
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₹2.5 L/yr - ₹6.9 L/yr

Sales & Business Development
Business Development Executive Salary
1 - 6 years exp. (28 salaries)
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₹3.1 L/yr - ₹6.3 L/yr

Marketing & Communication
Business Development Executive Salary
0 - 6 years exp. (16 salaries)
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₹3.6 L/yr - ₹6.5 L/yr

Customer Success, Service & Operations
Business Development Executive Salary
0 - 7 years exp. (6 salaries)
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₹3 L/yr - ₹6 L/yr

Finance & Accounting
Business Development Executive Salary
1 - 2 years exp. (4 salaries)
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₹3.3 L/yr - ₹6.7 L/yr

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Last Updated: 24 Jan 2025

Companies similar to ICICI Lombard General Insurance Company for Business Development Executive

Company name Avg Annual Salary Open Jobs
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₹2 L/yr - ₹4.5 L/yr

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₹2 L/yr - ₹4.5 L/yr

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₹1.2 L/yr - ₹4.4 L/yr

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₹2.4 L/yr - ₹6 L/yr

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₹2.4 L/yr - ₹4.1 L/yr

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₹1.2 L/yr - ₹4.7 L/yr

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₹1.8 L/yr - ₹4.5 L/yr

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₹2.7 L/yr - ₹5 L/yr

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₹3 L/yr - ₹3.9 L/yr

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₹2 L/yr - ₹3.8 L/yr

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₹2 L/yr - ₹6 L/yr

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₹1.6 L/yr - ₹4.3 L/yr

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₹2 L/yr - ₹3.1 L/yr

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₹8.1 L/yr - ₹12.5 L/yr

arrow icon 69% more
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₹1.2 L/yr - ₹13.8 L/yr

arrow icon 15% more
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₹2.8 L/yr - ₹5.5 L/yr

arrow icon 18% less
Business Development Executive salary at ICICI Lombard General Insurance Company ranges between ₹2.5 Lakhs to ₹6.9 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 128 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Latest annual salaries shared by ICICI Lombard General Insurance Company Business Development Executive

3d ago
₹4.2 Lakhs
5 years exp.
2mo ago
₹6 Lakhs
2 years exp.
8mo ago
₹4.2 Lakhs
1 year exp.
1y ago
₹5.3 Lakhs
4 years exp.
1y ago
₹4.5 Lakhs
1 year exp.
1y ago
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4 years exp.
1y ago
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3 years exp.
1y ago
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4 years exp.
1y ago
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1 year exp.
1y ago
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5 years exp.

Experience wise ICICI Lombard General Insurance Company Business Development Executive salaries

Last Updated: 24 Jan 2025

Experience Avg Annual Salary
Fresher  (7 salaries)

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₹4 L/yr - ₹9.6 L/yr
1 year  (33 salaries)

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₹3.1 L/yr - ₹6.9 L/yr
2 years  (25 salaries)

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₹2.5 L/yr - ₹6.7 L/yr
3 years  (19 salaries)

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₹3 L/yr - ₹6.9 L/yr
4 years  (12 salaries)

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₹3.3 L/yr - ₹5.3 L/yr
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ICICI Lombard General Insurance Company Business Development Executive Salary and Career Growth

From

To

Business Development Executive

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0 - 8 years exp.

Vice President

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14 - 23 years exp.

Business Development Executive

0 - 8 years exp.
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Unit Sales Manager

0 - 14 years exp.
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arrow icon 8% hike

Sales Manager

1 - 14 years exp.
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arrow icon 16% hike

From

To

Business Development Executive

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0 - 8 years exp.

Deputy Vice President

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14 - 25 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in ICICI Lombard General Insurance Company

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₹3.4 L/yr - ₹7.95 L/yr
Business Development Officer Salary
(AmbitionBox Estimate)
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₹3.4 L/yr - ₹4.4 L/yr
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₹2.5 L/yr - ₹4.7 L/yr
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₹1.05 L/yr - ₹8.2 L/yr
Business Executive Salary
(AmbitionBox Estimate)
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₹1.7 L/yr - ₹2.2 L/yr
Inside Sales Executive Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.3 L/yr
Area Sales Executive Salary
(AmbitionBox Estimate)
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₹1.1 L/yr - ₹1.4 L/yr
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₹1.85 L/yr - ₹6.92 L/yr
Sales Executive Salary
(207 salaries)
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₹1.1 L/yr - ₹5 L/yr
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₹1.8 L/yr - ₹5 L/yr

Salary related reviews for ICICI Lombard General Insurance Company

3.3

Rated by 27 employees for salary & benefits

Procurement & Supply Chain Department

1.0
  •  posted on 21 Jun 2020

2.0
 for  Salary and Benefits

Likes

As I m a former employee of this company i found that only work is important not any thing else.. They gives mental pressure to the employees which results in nervous break down. I m lucky that my family support is with me and I leave the job just after 3 months of joining because of mental torture by the boss of our vertical.. Plz don't join this company if u dont want to take mental pressure

read more

Dislikes

.... Pathetic working culture.. Pathetic boss... Pathetic company to work with. The person will get salary but also get mental pressure which can broke u up....

read more
  • Salary - Poor
  • +6 more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 20 Jan 2022

5.0
 for  Salary and Benefits

Likes

...agers. And also I find the management is very much transparent to the employers. Company policies are good, appreciation and appraisals are fair and they give good salary hike and bouns every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

I feel work culture towards timings they have to rework ... employee in that company I felt very stretch timings towards work not able to find the timing for my personal life.

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Customer Success, Service & Operations Department

4.0
  •  posted on 23 Nov 2020

3.0
 for  Salary and Benefits

Likes

...vironmenta also good & huge cafeteria as well as gaming activities for chilling. Company policy are good, appraisal for fair and they give good salary hoke and bonus every year.

read more
  • Skill development - Good

Consulting Department

4.0
  •  posted on 31 May 2022

4.0
 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 year.

read more
  • Salary - Good
  • +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. On the job training is not given to new joinees.

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BFSI, Investments & Trading Department

3.0
  •  posted on 07 May 2021

1.0
 for  Salary and Benefits

Likes

ICICI Lombard is a good company to work but there will be not any increment in the salary and every person are thinking about only business not a one thinks about employees satisfaction or employees enjoyment. Higher management only consider thier position not for bottom employees

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Dislikes

The higher management should have to take care of sales executive also ,the managers thinks about their performance only even they are not thinking about executive ,they only pressuring for the business, not a one person thinks about executive health.

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

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ICICI Lombard General Insurance Company Business Development Executive Salary FAQs

What is the salary of Business Development Executive at ICICI Lombard General Insurance Company ?
The average salary of a Business Development Executive at ICICI Lombard General Insurance Company in India typically ranges from ₹2.5 Lakhs to ₹6.9 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Business Development Executive at ICICI Lombard General Insurance Company earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.9 Lakhs per year. Business Development Executive Salaries at ICICI Lombard General Insurance Company 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 100+ ICICI Lombard General Insurance Company employees in India.
What is the estimated take home salary of a Business Development Executive at ICICI Lombard General Insurance Company in India?
The estimated take-home salary of a Business Development Executive at ICICI Lombard General Insurance Company in India typically ranges from ₹39,367 to ₹40,542 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹6.9 Lakhs per year for employees with experience ranging from Fresher 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 100+ salaries received from various employees of ICICI Lombard General Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than ICICI Lombard General Insurance Company for Business Development Executive in India?
The New India Assurance Co. ₹8.1 Lakhs to ₹12.5 Lakhs per year
The Oriental Insurance Co. ₹1.2 Lakhs to ₹13.8 Lakhs per year

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

Reliance General Insurance ₹2.8 Lakhs to ₹5.5 Lakhs per year
ICICI Prudential Life Insurance ₹2.4 Lakhs to ₹6.0 Lakhs per year
Bajaj Allianz Life Insurance ₹2.4 Lakhs to ₹4.1 Lakhs per year
Iffco Tokio General Insurance Co. ₹3.0 Lakhs to ₹3.9 Lakhs per year
Kotak Mahindara Life Insurance ₹1.2 Lakhs to ₹4.7 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 Executive at ICICI Lombard General Insurance Company in India?
The salary growth for a Business Development Executive at ICICI Lombard General Insurance Company depends on factors such as experience, performance, and promotions. On average, a Business Development Executive can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience Average Salary Range
Fresher ₹4.0 Lakhs to ₹9.6 Lakhs per year
1 year ₹3.1 Lakhs to ₹6.9 Lakhs per year
2 years ₹2.5 Lakhs to ₹6.7 Lakhs per year
3 years ₹3.0 Lakhs to ₹6.9 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Lombard General Insurance Company Business Development Executive salary in India ranges between ₹2.5 Lakhs to ₹6.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 128 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.