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ICICI Lombard General Insurance Company Business Development Manager salaries in Mumbai

Annual salary range
4 - 5 years exp.
₹3 Lakhs - ₹6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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49% less than the average Business Development Manager Salary in Insurance Companies for 4 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Business Development Manager Salary
4 - 5 years exp. (3 salaries)
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₹2.9 L/yr - ₹6 L/yr

Sales & Business Development
Business Development Manager Salary
4 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹5 L/yr

Last Updated: 5 Sep 2024

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

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ICICI Lombard General Insurance Company Business Development Manager Salary

4 - 5 years exp. (4 salaries)

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₹3 L/yr - ₹6 L/yr

vs
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HDFC Life Business Development Manager Salary

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₹2.8 L/yr - ₹6.5 L/yr

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Tata AIG Business Development Manager Salary

2 - 6 years exp. (5 salaries)

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₹3.1 L/yr - ₹5.7 L/yr

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₹2.4 L/yr - ₹6 L/yr

At par
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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

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Business Development Manager salary at ICICI Lombard General Insurance Company ranges between ₹3 Lakhs to ₹6 Lakhs per year for employees with experience between 4 years to 5 years. Salary estimates are based on 4 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 in Mumbai

7mo ago
₹4.2 Lakhs
4 years exp.
11mo ago
₹5 Lakhs
4 years exp.
1y ago
₹6 Lakhs
5 years exp.
1y ago
₹4.5 Lakhs
5 years exp.

Experience wise ICICI Lombard General Insurance Company Business Development Manager salaries in Mumbai

Last Updated: 5 Sep 2024

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4.4 L/yr
5 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr

Similar Designation salaries in ICICI Lombard General Insurance Company

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₹7 L/yr - ₹20 L/yr
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₹7 L/yr - ₹12 L/yr
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₹3.25 L/yr - ₹6.25 L/yr
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₹16 L/yr - ₹26.85 L/yr
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₹5.85 L/yr - ₹6.25 L/yr
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₹7 L/yr - ₹12.85 L/yr

Salary related reviews for ICICI Lombard General Insurance Company

5.0

Rated by 1 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 in Mumbai?
The average salary of a Business Development Manager at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹3.0 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 4 years to 5 years).

The top 10% of Business Development Manager in Mumbai at ICICI Lombard General Insurance Company earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 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 4 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 Mumbai?
The estimated take-home salary of a Business Development Manager at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹27,953 to ₹29,347 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 4 years to 5 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 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?
Gallagher ₹10.0 Lakhs to ₹10.8 Lakhs per year
Kotak Mahindara Life Insurance ₹3.7 Lakhs to ₹10.0 Lakhs per year
Axis Max Life Insurance ₹4.0 Lakhs to ₹7.0 Lakhs per year
SBI Life Insurance Company ₹3.0 Lakhs to ₹7.0 Lakhs per year
Tata AIG ₹3.1 Lakhs to ₹5.7 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 Mumbai?
The salary of a Business Development Manager at companies similar to ICICI Lombard General Insurance Company in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Sun Life Insurance ₹4.1 Lakhs to ₹5.0 Lakhs per year
Bajaj Allianz Life Insurance ₹3.7 Lakhs to ₹5.5 Lakhs per year
Life Insurance Corporation of India ₹2.8 Lakhs to ₹6.5 Lakhs per year
Reliance Nippon Life Insurance ₹4.0 Lakhs to ₹6.0 Lakhs per year
SBI General Insurance ₹2.8 Lakhs to ₹4.5 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 Mumbai?
The salary growth for a Business Development Manager at ICICI Lombard General Insurance Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Business Development Manager in Mumbai can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience Average Salary Range
4 years ₹3.4 Lakhs to ₹4.4 Lakhs per year
5 years ₹3.6 Lakhs to ₹4.6 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Lombard General Insurance Company Business Development Manager salary in Mumbai ranges between ₹3 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.