ICICI Prudential Life Insurance Business Development Manager Salaries by 100+ Employees (Updated 2025)

0 - 10 years exp.

₹2.3 Lakhs - ₹4.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

50% less than the average Business Development Manager Salary in Insurance Companies for 0 - 10 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Business Development Manager Salary 0 - 10 years exp. (39 salaries)	₹2.3 L/yr - ₹4.8 L/yr
BFSI, Investments & Trading Business Development Manager Salary 1 - 10 years exp. (32 salaries)	₹2.3 L/yr - ₹4.7 L/yr
Login to view exact salary
Marketing & Communication Business Development Manager Salary 0 - 8 years exp. (17 salaries)	₹2.8 L/yr - ₹4.5 L/yr
Customer Success, Service & Operations Business Development Manager Salary 3 - 7 years exp. (10 salaries)	₹2.5 L/yr - ₹4 L/yr
Finance & Accounting Business Development Manager Salary 0 - 7 years exp. (9 salaries)	₹2.6 L/yr - ₹4 L/yr

Last Updated: 24 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Business Development Manager Salary 0 - 11 years exp. (1.4k salaries)	₹1.8 L/yr - ₹5 L/yr 3% less	11 job openings
SBI Life Insurance Company Business Development Manager Salary 0 - 14 years exp. (941 salaries)	₹1.9 L/yr - ₹7 L/yr 28% more
Login to view exact salary
SBI General Insurance Business Development Manager Salary 0 - 10 years exp. (604 salaries)	₹1.6 L/yr - ₹5.3 L/yr 1% less	13 job openings
Bajaj Allianz Life Insurance Business Development Manager Salary 1 - 10 years exp. (135 salaries)	₹3 L/yr - ₹6 L/yr 17% more	3 job openings
Axis Max Life Insurance Business Development Manager Salary 2 - 9 years exp. (170 salaries)	₹2 L/yr - ₹7.3 L/yr 35% more	3 job openings
Aditya Birla Sun Life Insurance Business Development Manager Salary 0 - 12 years exp. (152 salaries)	₹3 L/yr - ₹5.5 L/yr 8% more
Kotak Mahindara Life Insurance Business Development Manager Salary 2 - 12 years exp. (106 salaries)	₹2.2 L/yr - ₹10.3 L/yr 51% more
Shriram Life Insurance Business Development Manager Salary 0 - 9 years exp. (95 salaries)	₹2 L/yr - ₹6 L/yr 17% less
ICICI Lombard General Insurance Company Business Development Manager Salary 0 - 8 years exp. (54 salaries)	₹1.1 L/yr - ₹8.2 L/yr 3% more
Reliance Nippon Life Insurance Business Development Manager Salary 1 - 13 years exp. (53 salaries)	₹1.5 L/yr - ₹6 L/yr 9% more
Tata AIA Life Insurance Business Development Manager Salary 1 - 12 years exp. (30 salaries)	₹2 L/yr - ₹7 L/yr 3% more
Login to view exact salary
HDFC Ergo General Insurance Business Development Manager Salary 1 - 9 years exp. (16 salaries)	₹2.7 L/yr - ₹5.4 L/yr 10% more
Life Insurance Corporation of India Business Development Manager Salary 1 - 10 years exp. (15 salaries)	₹1.8 L/yr - ₹7 L/yr 5% more
PNB MetLife Business Development Manager Salary 0 - 8 years exp. (10 salaries)	₹2 L/yr - ₹5.8 L/yr 2% more
The Oriental Insurance Co. Business Development Manager Salary 2 - 18 years exp. (4 salaries)	₹11.4 L/yr - ₹24.6 L/yr 500% more
Aditya Birla Insurance Brokers Business Development Manager Salary 5 - 18 years exp. (4 salaries)	₹3.5 L/yr - ₹4.9 L/yr 8% more
Gallagher Business Development Manager Salary 4 - 14 years exp. (3 salaries)	₹10 L/yr - ₹10.8 L/yr 169% more

Business Development Manager salary at ICICI Prudential Life Insurance ranges between ₹2.3 Lakhs to ₹4.8 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 137 latest salaries received from various employees of ICICI Prudential Life Insurance.

Latest annual salaries shared by ICICI Prudential Life Insurance Business Development Manager

1w ago

₹4 Lakhs

5 years exp.

2w ago

₹2.7 Lakhs

1 year exp.

3w ago

₹3 Lakhs

7 years exp.

3w ago

₹4 Lakhs

7 years exp.

4w ago

₹4.5 Lakhs

3 years exp.

4w ago

6 years exp.

1mo ago

10 years exp.

1mo ago

5 years exp.

1mo ago

3 years exp.

2mo ago

5 years exp.

Experience wise ICICI Prudential Life Insurance Business Development Manager salaries

Last Updated: 24 Mar 2025

Experience	Avg Annual Salary
Fresher (6 salaries)	₹3 L/yr - ₹4 L/yr
1 year (16 salaries)	₹2.3 L/yr - ₹4.5 L/yr
Login to view exact salary
2 years (11 salaries)	₹2.5 L/yr - ₹4 L/yr
3 years (21 salaries)	₹2.3 L/yr - ₹4.5 L/yr
4 years (23 salaries)	₹2.7 L/yr - ₹4.8 L/yr
5 years (27 salaries)	₹2.3 L/yr - ₹4.8 L/yr
6 years (16 salaries)	₹2.5 L/yr - ₹4.6 L/yr
7 years (7 salaries)	₹3 L/yr - ₹4 L/yr
8 years (7 salaries)	₹3 L/yr - ₹4 L/yr
9 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
10 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr

View all

Similar Designation salaries in ICICI Prudential Life Insurance

Senior Business Development Manager Salary

(11 salaries)

₹2.8 L/yr - ₹6 L/yr

Business Development Associate Salary

(5 salaries)

₹3 L/yr - ₹4.7 L/yr

Business Development Executive Salary

(16 salaries)

₹2.4 L/yr - ₹6 L/yr

Business Manager Salary

(8 salaries)

₹3.1 L/yr - ₹4 L/yr

Zonal Sales Manager Salary

(4 salaries)

₹21 L/yr - ₹28 L/yr

Assistant Sales Manager Salary

(43 salaries)

₹4 L/yr - ₹5.75 L/yr

Senior Business Development Executive Salary

(AmbitionBox Estimate)

₹2.8 L/yr - ₹3.6 L/yr

Senior Sales Manager Salary

(33 salaries)

₹3.25 L/yr - ₹8.1 L/yr

Area Sales Manager Salary

(133 salaries)

₹4.74 L/yr - ₹16.2 L/yr

Territory Sales Manager Salary

(4 salaries)

₹5 L/yr - ₹10.9 L/yr

Top skills at ICICI Prudential Life Insurance for Business Development Manager

Insurance Sales Business Development Agency Sales Business Development Management Problem Solving Sales Life Insurance Agency Leadership Skills Agency Management Insurance

Salary related reviews for ICICI Prudential Life Insurance

4.1

Rated by 109 employees for salary & benefits

Business Development Manager in Sambalpur

Agency Sales Department

3.0

• posted on 08 Aug 2020

4.0

for Salary and Benefits

Likes

Salary is ok, training is provided on the regular basis. Bonus and increaments are good.

Salary - Good

+1 more

Dislikes

Internal politics in management and higher posts, superior treats like a dog. Very bad and abusive language is used on the bad days. Little to no patience is there in the upper management.

Promotions - Poor

+1 more

Business Development Manager in Kolkata

Customer Success, Service & Operations Department

4.0

• posted on 20 Mar 2018

3.0

for Salary and Benefits

Likes

I have learned a lot about insurance. Good platform to learn as a fresher, staffs are very much helpful, good and safe work environment.

Skill development - Excellent

+2 more

Dislikes

...tructure is very tough. Good rating in continuous 2 years is not that much easy. Starting salary structure is very bad, even some times lower than house keeping boys

Regional Manager in Kolkata

Full Time

Sales & Business Development Department

5.0

• posted on 28 Jul 2023

4.0

for Salary and Benefits

Likes

Job security is good , company culture is also good but it depends on senior, overall company is good can work for long time , HR policy are good , high job security, multiple option and departments for work , IJP ALLOWED

Salary - Good

+6 more

Dislikes

Salary are poor, rating culture kills many many years for performer ..every year you have to get top rating and last top 2 rating are considered for promotion some time people are struggling for 4 to 5 year for promotion in mid management segment.

Area Sales Manager in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 13 Jul 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...relieving & fnf settlement was comunicted verbaly for whch I had ask in writing. But it was asured dt recovery amt ll nt vary & latr thy givn recovery of gross salary which is high. When I not worked then also they added hra, supplementary allowance, statutory bonus in my recovery amt. Firstly If i have not taken any benfits with organization then recovery is not calculated and If the recovery calculated then it is always calculated on monthly basic salary.Rest all are additional benefits given to the employee. But then also ipru charged me recovery of 2month gross salary. As I have to get my reliveing letter so i had paid the recovery. But now I am writing the complaint as I was charged too. Pls help me out for it.

Salary - Bad

+6 more

Sales Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 17 Jan 2023

3.0

for Salary and Benefits

Likes

Skill development Salary and benefits

Skill development - Good

+1 more

Dislikes

No dislikes but everything depends on the manager you report and the channel you get in this company. If your in partner handling channel . Your manager will give so much respect and importance to the partner but not you . He will not understand your problem .

Promotions - Poor

+1 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

115 participants . poll closed

Got a question about ICICI Prudential Life Insurance?

Ask anonymously on communities.

ICICI Prudential Life Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at ICICI Prudential Life Insurance ?

The average salary of a Business Development Manager at ICICI Prudential Life Insurance in India typically ranges from ₹2.3 Lakhs to ₹4.8 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Business Development Manager at ICICI Prudential Life Insurance earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Business Development Manager Salaries at ICICI Prudential Life Insurance 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 Prudential Life Insurance employees in India.

What is the estimated take home salary of a Business Development Manager at ICICI Prudential Life Insurance in India?

The estimated take-home salary of a Business Development Manager at ICICI Prudential Life Insurance in India typically ranges from ₹28,012 to ₹29,406 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from Fresher to 10 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 Prudential Life Insurance. 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 ICICI Prudential Life Insurance ?

To be a Business Development Manager at ICICI Prudential Life Insurance in india, the key skills required include:

- Insurance Sales
- Business Development
- Agency Sales
- Business Development Management
- Problem Solving

These skills are highly valued at ICICI Prudential Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than ICICI Prudential Life Insurance 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
Kotak Mahindara Life Insurance	₹2.2 Lakhs to ₹10.3 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

These companies are known for offering competitive compensation packages that can exceed the salary offered by ICICI Prudential Life Insurance, depending on the role and experience level.

What is the salary of a Business Development Manager in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Business Development Manager at companies similar to ICICI Prudential Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance	₹3.0 Lakhs to ₹6.0 Lakhs per year
HDFC Ergo General Insurance	₹2.7 Lakhs to ₹5.4 Lakhs per year
Reliance Nippon Life Insurance	₹1.5 Lakhs to ₹6.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.0 Lakhs to ₹5.5 Lakhs per year
Aditya Birla Insurance Brokers	₹3.5 Lakhs to ₹4.9 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 Prudential Life Insurance in India?

The salary growth for a Business Development Manager at ICICI Prudential Life Insurance depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at ICICI Prudential Life Insurance:

Experience	Average Salary Range
Fresher	₹3.0 Lakhs to ₹4.0 Lakhs per year
1 year	₹2.3 Lakhs to ₹4.5 Lakhs per year
2 years	₹2.5 Lakhs to ₹4.0 Lakhs per year
3 years	₹2.3 Lakhs to ₹4.5 Lakhs per year

and so on.

Tell us how to improve this page.

ICICI Prudential Life Insurance Business Development Manager Salaries by Location

Home >
Salaries >
ICICI Prudential Life Insurance Salaries >
ICICI Prudential Life Insurance Business Development Manager Salaries

ICICI Prudential Life Insurance Business Development Manager salary in India ranges between ₹2.3 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 137 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

ICICI Prudential Life Insurance Business Development Manager salaries in India (Updated 2025)

Companies similar to ICICI Prudential Life Insurance for Business Development Manager

Latest annual salaries shared by ICICI Prudential Life Insurance Business Development Manager

Experience wise ICICI Prudential Life Insurance Business Development Manager salaries

Similar Designation salaries in ICICI Prudential Life Insurance

Top skills at ICICI Prudential Life Insurance for Business Development Manager

Salary related reviews for ICICI Prudential Life Insurance

Business Development Manager in Sambalpur

Business Development Manager in Kolkata

Regional Manager in Kolkata

Area Sales Manager in Indore

Sales Manager in Hyderabad / Secunderabad

ICICI Prudential Life Insurance Business Development Manager Salary FAQs

Tell us how to improve this page.

ICICI Prudential Life Insurance Business Development Manager Salaries by Location