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

Annual salary range
0 - 8 years exp.
₹1.1 Lakh - ₹8.2 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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48% less than the average Business Development Manager Salary in Insurance Companies for 0 - 8 years of experience

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Salaries in different departments

Sales & Business Development
Business Development Manager Salary
0 - 8 years exp. (21 salaries)
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₹2.5 L/yr - ₹7.3 L/yr

BFSI, Investments & Trading
Business Development Manager Salary
2 - 8 years exp. (19 salaries)
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₹3.5 L/yr - ₹8.2 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
3 - 7 years exp. (4 salaries)
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₹3 L/yr - ₹4 L/yr

Last Updated: 16 Mar 2025

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

Company name Avg Annual Salary Open Jobs
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HDFC Life Business Development Manager Salary

0 - 11 years exp. (1.4k salaries)

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₹1.8 L/yr - ₹5 L/yr

arrow icon 6% less
11 job openings
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₹1.9 L/yr - ₹7 L/yr

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₹1.6 L/yr - ₹5.3 L/yr

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13 job openings
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₹3 L/yr - ₹6 L/yr

arrow icon 14% more
1 job opening
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₹2 L/yr - ₹7.3 L/yr

arrow icon 31% more
2 job openings
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₹3 L/yr - ₹5.5 L/yr

arrow icon 5% more
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₹2.3 L/yr - ₹4.8 L/yr

arrow icon 2% less
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₹2.2 L/yr - ₹10.3 L/yr

arrow icon 48% more
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₹2 L/yr - ₹6 L/yr

arrow icon 19% less
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₹1.5 L/yr - ₹6 L/yr

arrow icon 7% more
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₹2 L/yr - ₹7 L/yr

At par
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Tata AIG Business Development Manager Salary

2 - 10 years exp. (18 salaries)

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₹3.1 L/yr - ₹6 L/yr

arrow icon 11% more
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₹1.8 L/yr - ₹7 L/yr

arrow icon 3% more
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₹2 L/yr - ₹5.8 L/yr

arrow icon 1% less
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₹2.5 L/yr - ₹6.2 L/yr

arrow icon 16% more
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₹3.4 L/yr - ₹10.7 L/yr

arrow icon 89% more
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₹11.4 L/yr - ₹24.6 L/yr

arrow icon 485% more
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₹4 L/yr - ₹7 L/yr

arrow icon 41% more
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₹4.4 L/yr - ₹7.8 L/yr

arrow icon 96% more
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Gallagher Business Development Manager Salary

4 - 14 years exp. (3 salaries)

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₹10 L/yr - ₹10.8 L/yr

arrow icon 163% more
Business Development Manager salary at ICICI Lombard General Insurance Company ranges between ₹1.1 Lakh to ₹8.2 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 54 latest salaries received from various employees of ICICI Lombard General Insurance Company.

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

3d ago
₹3.2 Lakhs
3 years exp.
1mo ago
₹3 Lakhs
1 year exp.
1mo ago
₹4 Lakhs
8 years exp.
3mo ago
₹3 Lakhs
5 months exp.
5mo ago
₹3 Lakhs
7 years exp.
6mo ago
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4 years exp.
6mo ago
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3 years exp.
9mo ago
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2 years exp.
10mo ago
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2 years exp.
10mo ago
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4 years exp.

Experience wise ICICI Lombard General Insurance Company Business Development Manager salaries

Last Updated: 16 Mar 2025

Experience Avg Annual Salary
Fresher  (4 salaries)

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₹1.1 L/yr - ₹3.5 L/yr
1 year  (3 salaries)

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₹2.5 L/yr - ₹5.6 L/yr
2 years  (4 salaries)

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₹2.5 L/yr - ₹5.7 L/yr
3 years  (9 salaries)

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₹3 L/yr - ₹7.1 L/yr
4 years  (10 salaries)

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₹3.6 L/yr - ₹8.2 L/yr
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Similar Designation salaries in ICICI Lombard General Insurance Company

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₹3.8 L/yr - ₹14 L/yr
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₹2.5 L/yr - ₹4.7 L/yr
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₹2.5 L/yr - ₹6.9 L/yr
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₹2.3 L/yr - ₹10 L/yr
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₹16 L/yr - ₹32.5 L/yr
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₹3.5 L/yr - ₹7.5 L/yr
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₹3.4 L/yr - ₹7.95 L/yr
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₹4.5 L/yr - ₹16 L/yr
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₹5.95 L/yr - ₹22.36 L/yr
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₹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

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.

read more
  • Job security - Bad
  • +3 more

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

read more

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

read more
  • Salary - Poor
  • +6 more

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.

read more

Dislikes

  • Salary - Bad
  • Skill development - Bad
  • +3 more

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.

read more
  • Job security - Poor

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.

read more
see more salary related reviews

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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 ?
The average salary of a Business Development Manager at ICICI Lombard General Insurance Company in India typically ranges from ₹1.1 Lakhs to ₹8.2 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Business Development Manager at ICICI Lombard General Insurance Company earn more than ₹7.3 Lakhs per year, and the top 1% earn over ₹8.2 Lakhs per year. Business Development Manager 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 50+ ICICI Lombard General Insurance Company employees in India.
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 in India typically ranges from ₹28,797 to ₹30,179 per month. This is based on the average salary range of ₹1.1 Lakhs to ₹8.2 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 50+ 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 Manager in India?
The Oriental Insurance Co. ₹11.4 Lakhs to ₹24.6 Lakhs per year
Gallagher ₹10.0 Lakhs to ₹10.8 Lakhs per year
Reliance General Insurance ₹4.4 Lakhs to ₹7.8 Lakhs per year
Iffco Tokio General Insurance Co. ₹3.4 Lakhs to ₹10.7 Lakhs per year
Kotak Mahindara Life Insurance ₹2.2 Lakhs to ₹10.3 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 Manager in companies similar to ICICI Lombard General Insurance Company in India?
The salary of a Business Development Manager 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:

MDIndia Health Insurance TPA ₹4.0 Lakhs to ₹7.0 Lakhs per year
Axis Max Life Insurance ₹2.0 Lakhs to ₹7.3 Lakhs per year
SBI Life Insurance Company ₹1.9 Lakhs to ₹7.0 Lakhs per year
Canara HSBC Life Insurance ₹2.5 Lakhs to ₹6.2 Lakhs per year
Bajaj Allianz Life Insurance ₹3.0 Lakhs to ₹6.0 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 ICICI Lombard General Insurance Company in India?
The salary growth for a Business Development Manager at ICICI Lombard General Insurance Company depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience Average Salary Range
Fresher ₹1.1 Lakhs to ₹3.5 Lakhs per year
1 year ₹2.5 Lakhs to ₹5.6 Lakhs per year
2 years ₹2.5 Lakhs to ₹5.7 Lakhs per year
3 years ₹3.0 Lakhs to ₹7.1 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Lombard General Insurance Company Business Development Manager salary in India ranges between ₹1.1 Lakh to ₹8.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 54 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.