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ICICI Prudential Life Insurance

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4.1

based on 6.4k Reviews

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Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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

Annual salary range
0 - 10 years exp.
₹2.6 Lakhs - ₹4.7 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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41% 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

BFSI, Investments & Trading
Business Development Manager Salary
3 - 10 years exp. (9 salaries)
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₹2.6 L/yr - ₹4.7 L/yr

Marketing & Communication
Business Development Manager Salary
0 - 7 years exp. (5 salaries)
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₹3.6 L/yr - ₹4.2 L/yr

Sales & Business Development
Business Development Manager Salary
1 - 6 years exp. (4 salaries)
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₹3.4 L/yr - ₹4.6 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
7 years exp. (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.3 L/yr

Last Updated: 24 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Business Development Manager in Pune

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ICICI Prudential Life Insurance Business Development Manager Salary

0 - 10 years exp. (21 salaries)
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₹2.6 L/yr - ₹4.7 L/yr

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

0 - 8 years exp. (102 salaries)
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₹2 L/yr - ₹4.5 L/yr

arrow icon 9% less
 11 job openings
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SBI General Insurance Business Development Manager Salary

0 - 8 years exp. (15 salaries)
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₹2 L/yr - ₹5.3 L/yr

arrow icon 6% less
 13 job openings
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Bajaj Allianz Life Insurance Business Development Manager Salary

1 - 10 years exp. (12 salaries)
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₹3.5 L/yr - ₹6 L/yr

arrow icon 8% more
 3 job openings
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Axis Max Life Insurance Business Development Manager Salary

2 - 8 years exp. (8 salaries)
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₹2 L/yr - ₹5.2 L/yr

arrow icon 12% more
 2 job openings
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Kotak Mahindara Life Insurance Business Development Manager Salary

3 - 12 years exp. (6 salaries)
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₹4 L/yr - ₹6.6 L/yr

arrow icon 30% more
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Tata AIA Life Insurance Business Development Manager Salary

2 - 13 years exp. (4 salaries)
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₹3 L/yr - ₹7 L/yr

arrow icon 21% more
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Aditya Birla Sun Life Insurance Business Development Manager Salary

3 - 7 years exp. (3 salaries)
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₹3.8 L/yr - ₹4.5 L/yr

At par
Business Development Manager salary at ICICI Prudential Life Insurance ranges between ₹2.6 Lakhs to ₹4.7 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 21 latest salaries received from various employees of ICICI Prudential Life Insurance.

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

2w ago
₹4 Lakhs
5 years exp.
4w ago
₹4 Lakhs
7 years exp.
1mo ago
₹4.5 Lakhs
3 years exp.
1mo ago
₹4.7 Lakhs
10 years exp.
2mo ago
₹4 Lakhs
5 years exp.
6mo ago
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3 years exp.
1y ago
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4 years exp.
1y ago
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4 years exp.
1y ago
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6 years exp.

Experience wise ICICI Prudential Life Insurance Business Development Manager salaries in Pune

Last Updated: 24 Mar 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4.3 L/yr
1 year  (5 salaries)

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₹3.6 L/yr - ₹4.2 L/yr
2 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹4.5 L/yr
3 years  (3 salaries)

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₹3.4 L/yr - ₹4.5 L/yr
4 years  (3 salaries)

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₹3.2 L/yr - ₹4.3 L/yr
View all

Similar Designation salaries in ICICI Prudential Life Insurance

Area Sales Manager Salary
(12 salaries)
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₹7 L/yr - ₹12 L/yr
Business Development Executive Salary
(6 salaries)
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₹4.47 L/yr - ₹6 L/yr
Senior Sales Manager Salary
(6 salaries)
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₹3.25 L/yr - ₹7 L/yr
Assistant Sales Manager Salary
(3 salaries)
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₹4 L/yr - ₹5 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

5.0

Rated by 1 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.

read more
  • 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.

read more
  • 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.

read more
  • 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

read more

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

read more
  • 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.

read more

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.

read more
  • 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 .

read more
  • Promotions - Poor
    • +1 more
see more salary related reviews

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2w (edited)
peacemaker
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works at
Georgia-Pacific
New offer. Confused.
My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?
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ICICI Prudential Life Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at ICICI Prudential Life Insurance in Pune?
The average salary of a Business Development Manager at ICICI Prudential Life Insurance in Pune typically ranges from ₹2.6 Lakhs to ₹4.7 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Business Development Manager in Pune at ICICI Prudential Life Insurance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.7 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 20+ 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 Pune?
The estimated take-home salary of a Business Development Manager at ICICI Prudential Life Insurance in Pune typically ranges from ₹30,088 to ₹31,401 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹4.7 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 20+ 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 in Pune?
To be a Business Development Manager at ICICI Prudential Life Insurance in Pune, 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?
Kotak Mahindara Life Insurance ₹4.0 Lakhs to ₹6.6 Lakhs per year
Tata AIA Life Insurance ₹3.0 Lakhs to ₹7.0 Lakhs per year
Axis Max Life Insurance ₹2.0 Lakhs to ₹5.2 Lakhs per year
Bajaj Allianz Life Insurance ₹3.5 Lakhs to ₹6.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹3.8 Lakhs to ₹4.5 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 Pune?
The salary of a Business Development Manager at companies similar to ICICI Prudential Life Insurance in Pune varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI General Insurance ₹2.0 Lakhs to ₹5.3 Lakhs per year
HDFC Life ₹2.0 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 Prudential Life Insurance in Pune?
The salary growth for a Business Development Manager at ICICI Prudential Life Insurance in Pune depends on factors such as experience, performance, and promotions. On average, a Business Development Manager in Pune can expect the following growth trajectory at ICICI Prudential Life Insurance:

Experience Average Salary Range
Fresher ₹3.4 Lakhs to ₹4.3 Lakhs per year
1 year ₹3.6 Lakhs to ₹4.2 Lakhs per year
2 years ₹3.5 Lakhs to ₹4.5 Lakhs per year
3 years ₹3.4 Lakhs to ₹4.5 Lakhs per year
and so on.

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ICICI Prudential Life Insurance Business Development Manager salary in Pune ranges between ₹2.6 Lakhs to ₹4.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 21 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.