ICICI Lombard General Insurance Company Business Development Manager Salaries by 90+ Employees (Updated 2025)

0 - 14 years exp.

₹1.1 Lakh - ₹9.1 Lakhs

Salary of majority employees

45% less than the average Business Development Manager Salary in Insurance Companies for 0 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Manager Salary 2 - 14 years exp. (44 salaries)	₹3.5 L/yr - ₹9.9 L/yr
Sales & Business Development Business Development Manager Salary 0 - 14 years exp. (27 salaries)	₹2.5 L/yr - ₹8 L/yr
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Customer Success, Service & Operations Business Development Manager Salary 3 - 11 years exp. (6 salaries)	₹3 L/yr - ₹6.8 L/yr

Last Updated: 14 Feb 2025

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

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Business Development Manager Salary 1 - 9 years exp. (15 salaries)	₹2.7 L/yr - ₹5.4 L/yr 5% more
Bajaj Allianz General Insurance Business Development Manager Salary 3 - 12 years exp. (97 salaries)	₹3.5 L/yr - ₹7 L/yr 22% more	18 job openings
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Tata AIG Business Development Manager Salary 2 - 10 years exp. (18 salaries)	₹3.1 L/yr - ₹6 L/yr 1% more
Reliance General Insurance Business Development Manager Salary 3 - 10 years exp. (4 salaries)	₹4.4 L/yr - ₹7.8 L/yr 86% more
Bharti AXA Life Insurance Business Development Manager Salary 0 - 10 years exp. (62 salaries)	₹2.4 L/yr - ₹8.8 L/yr 3% more
HDFC Life Business Development Manager Salary 0 - 11 years exp. (1.4k salaries)	₹1.5 L/yr - ₹5 L/yr 12% less	14 job openings
SBI Life Insurance Company Business Development Manager Salary 0 - 14 years exp. (930 salaries)	₹1.9 L/yr - ₹7 L/yr 18% more	1 job opening
SBI General Insurance Business Development Manager Salary 0 - 10 years exp. (483 salaries)	₹1.6 L/yr - ₹5.1 L/yr 10% less	10 job openings
Bajaj Allianz Life Insurance Business Development Manager Salary 0 - 15 years exp. (284 salaries)	₹3 L/yr - ₹6 L/yr 4% more	2 job openings
Max Life Insurance Business Development Manager Salary 2 - 12 years exp. (207 salaries)	₹2.2 L/yr - ₹7.5 L/yr 28% more	5 job openings
Aditya Birla Sun Life Insurance Business Development Manager Salary 0 - 12 years exp. (135 salaries)	₹3 L/yr - ₹5.5 L/yr 3% more
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ICICI Prudential Life Insurance Business Development Manager Salary 0 - 10 years exp. (357 salaries)	₹1.9 L/yr - ₹5.6 L/yr 7% less
Kotak Mahindara Life Insurance Business Development Manager Salary 2 - 12 years exp. (103 salaries)	₹2.2 L/yr - ₹10.3 L/yr 41% more	2 job openings
Shriram Life Insurance Business Development Manager Salary 0 - 9 years exp. (95 salaries)	₹2 L/yr - ₹7.2 L/yr 22% less
Reliance Nippon Life Insurance Business Development Manager Salary 2 - 14 years exp. (58 salaries)	₹1.8 L/yr - ₹6 L/yr 3% more
Future Generali India Life Insurance Business Development Manager Salary 0 - 13 years exp. (30 salaries)	₹3.5 L/yr - ₹7 L/yr 24% more
Tata AIA Life Insurance Business Development Manager Salary 1 - 11 years exp. (28 salaries)	₹2 L/yr - ₹6.5 L/yr 14% less
Life Insurance Corporation of India Business Development Manager Salary 0 - 10 years exp. (16 salaries)	₹1.8 L/yr - ₹7 L/yr 4% less
PNB MetLife Business Development Manager Salary 0 - 8 years exp. (10 salaries)	₹2 L/yr - ₹5.8 L/yr 6% less
Canara HSBC Life Insurance Business Development Manager Salary 1 - 14 years exp. (7 salaries)	₹2.5 L/yr - ₹6.2 L/yr 10% more

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Business Development Manager salary at ICICI Lombard General Insurance Company ranges between ₹1.1 Lakh to ₹9.1 Lakhs per year for employees with less than 1 year of experience to 14 years. Salary estimates are based on 91 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Experience wise ICICI Lombard General Insurance Company Business Development Manager salaries

Last Updated: 14 Feb 2025

Experience	Avg Annual Salary
Fresher (4 salaries)	₹1.1 L/yr - ₹3.5 L/yr
1 year (3 salaries)	₹2.5 L/yr - ₹5.6 L/yr
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2 years (3 salaries)	₹2.5 L/yr - ₹5.7 L/yr
3 years (8 salaries)	₹3 L/yr - ₹7.1 L/yr
4 years (10 salaries)	₹1.4 L/yr - ₹8.2 L/yr
5 years (9 salaries)	₹1.5 L/yr - ₹8 L/yr
6 years (5 salaries)	₹3.3 L/yr - ₹7.7 L/yr
7 years (5 salaries)	₹3 L/yr - ₹7.1 L/yr
8 years (7 salaries)	₹4 L/yr - ₹7.3 L/yr
9 years (6 salaries)	₹1.8 L/yr - ₹7.5 L/yr
10 years (11 salaries)	₹3.5 L/yr - ₹9.6 L/yr
11 years (5 salaries)	₹3.5 L/yr - ₹9 L/yr
12 years (7 salaries)	₹2.1 L/yr - ₹9.9 L/yr
13 years (3 salaries)	₹2.2 L/yr - ₹8.6 L/yr
14 years (5 salaries)	₹2.2 L/yr - ₹9.1 L/yr

View all

Similar Designation salaries in ICICI Lombard General Insurance Company

Senior Business Development Manager Salary

(39 salaries)

₹3.8 L/yr - ₹14 L/yr

Business Development Associate Salary

(6 salaries)

₹2.5 L/yr - ₹4.7 L/yr

Business Development Executive Salary

(128 salaries)

₹2.5 L/yr - ₹6.9 L/yr

Business Manager Salary

(10 salaries)

₹2.3 L/yr - ₹10 L/yr

Zonal Sales Manager Salary

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₹16 L/yr - ₹32.5 L/yr

Assistant Sales Manager Salary

(6 salaries)

₹3.5 L/yr - ₹7.5 L/yr

Senior Business Development Executive Salary

(75 salaries)

₹3.4 L/yr - ₹7.95 L/yr

Senior Sales Manager Salary

(142 salaries)

₹3.5 L/yr - ₹14.5 L/yr

Area Sales Manager Salary

(190 salaries)

₹7 L/yr - ₹20 L/yr

Territory Sales Manager Salary

(21 salaries)

₹4.5 L/yr - ₹13 L/yr

Salary related reviews for ICICI Lombard General Insurance Company

3.2

Rated by 15 employees for salary & benefits

Branch Manager in Haldwani

Full Time

Sales & Business Development Department

2.0

• posted on 08 Jun 2024

4.0

for Salary and Benefits

Likes

Get salary on time,

Salary - Good

+1 more

Dislikes

Toxic behaviour by top management, and HR will not supportive, On every day 4-5 con call , work under pressure , HR will transfer any time any where without prior notice, old employees are permanent दामाद of company, they will not accept new employees.

Job security - Bad

+3 more

Area Manager in Coimbatore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 07 Mar 2024

2.0

for Salary and Benefits

Likes

Good organization but motor claim department having lot of work load and there is very much biased in ratings and promotion

Dislikes

...year of my carrier I got only one promotion and one good ratings Started with 2.4 lakh and ended with 8 lakhs package per annum

Salary - Poor

+6 more

Area Manager in Bangalore / Bengaluru

Full Time

KRG Department

1.0

• posted on 07 Feb 2022

1.0

for Salary and Benefits

Likes

Pros: Brand name Tech savy High Variable pay (not sure whether we'll get it or not) Cons: No one gives a f*ck about ur issues. No owing of responsibility. Completely tech driven, no human interaction as the system would assign everything. People won't attend calls. Your problem is your problem, none of our Problem. High Pressure to achieve target without top level and ground level support. Except sales no one will work on Saturday.

Dislikes

Salary - Bad
Skill development - Bad

+3 more

Branch Manager in Kolkata

Full Time

Sales Department

4.0

• posted on 01 Jan 2021

5.0

for Salary and Benefits

Likes

Thinking about the future and placing itself in front above other co.

Salary - Excellent

+1 more

Dislikes

Changes in designation, pressure of your package in your job responsibilities are huge, especially in East the culture is not as professional as in other zones.

Job security - Poor

Sales Manager in Chennai

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.

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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ICICI Lombard General Insurance Company Business Development Manager Salary FAQs

What is the salary of Business Development Manager at ICICI Lombard General Insurance Company?

Business Development Manager salary at ICICI Lombard General Insurance Company in India ranges between ₹1.1 Lakhs to ₹9.1 Lakhs for less than 1 year of experience to 14 years. According to our estimates it is 45% less than the average Business Development Manager Salary in India. Salary estimates are based on 91 latest salaries received from various employees of ICICI Lombard General Insurance Company India.

How does the salary of a Business Development Manager at ICICI Lombard General Insurance Company India compare with the average salary range for this job?

The average salary of a Business Development Manager at ICICI Lombard General Insurance Company is 45% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than ICICI Lombard General Insurance Company to a Business Development Manager in India?

Gallagher Business Development Manager Salary - ₹10.0 Lakhs to ₹10.8 Lakhs per year
Reliance General Insurance Business Development Manager Salary - ₹4.4 Lakhs to ₹7.8 Lakhs per year
Iffco Tokio General Insurance Co. Business Development Manager Salary - ₹3.4 Lakhs to ₹10.7 Lakhs per year
Kotak Mahindara Life Insurance Business Development Manager Salary - ₹2.2 Lakhs to ₹10.3 Lakhs per year
MDIndia Health Insurance TPA Business Development Manager Salary - ₹4.0 Lakhs to ₹7.0 Lakhs per year

What is the salary of a Business Development Manager in companies similar to ICICI Lombard General Insurance Company in India?

Max Life Insurance Business Development Manager Salary - ₹2.2 Lakhs to ₹7.5 Lakhs per year
Future Generali India Life Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
Bajaj Allianz General Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
SBI Life Insurance Company Business Development Manager Salary - ₹1.9 Lakhs to ₹7.0 Lakhs per year
Canara HSBC Life Insurance Business Development Manager Salary - ₹2.5 Lakhs to ₹6.2 Lakhs per year

What is the estimated take home salary of a Business Development Manager at ICICI Lombard General Insurance Company in India?

The estimated take-home salary of a Business Development Manager at ICICI Lombard General Insurance Company ranges between ₹30,602 per month to ₹31,908 per month in India. The take-home salary calculation is based on the average ICICI Lombard General Insurance Company Business Development Manager salary in India which ranges between ₹1.1 Lakhs to ₹9.1 Lakhs per year for employees with less than 1 year of experience to 14 years. Check how did we calculate take home salary?

What is the notice period for Business Development Manager at ICICI Lombard General Insurance Company?

According to AmbitionBox, 46% of the ICICI Lombard General Insurance Company Business Development Managers reported a notice period of 15 days or less, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 24 responses on AmbitionBox in last 2 years.

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ICICI Lombard General Insurance Company Business Development Manager Salaries by Location

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ICICI Lombard General Insurance Company Business Development Manager Salaries

ICICI Lombard General Insurance Company Business Development Manager salary in India ranges between ₹1.1 Lakh to ₹9.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 91 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.

ICICI Lombard General Insurance Company Business Development Manager salaries in India

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

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

Experience wise ICICI Lombard General Insurance Company Business Development Manager salaries

Similar Designation salaries in ICICI Lombard General Insurance Company

Salary related reviews for ICICI Lombard General Insurance Company

Branch Manager in Haldwani

Area Manager in Coimbatore

Area Manager in Bangalore / Bengaluru

Branch Manager in Kolkata

Sales Manager in Chennai

ICICI Lombard General Insurance Company Business Development Manager Salary FAQs

Tell us how to improve this page.

ICICI Lombard General Insurance Company Business Development Manager Salaries by Location