ICICI Prudential Life Insurance Business Development Officer Salaries by 7 Employees (Updated 2025)

0 - 6 years exp.

₹2.8 Lakhs - ₹4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

10% less than the average Business Development Officer Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Officer Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
Finance & Accounting Business Development Officer Salary Fresher (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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IT & Information Security Business Development Officer Salary Fresher (AmbitionBox Estimate)	₹2.5 L/yr - ₹3 L/yr
Sales & Business Development Business Development Officer Salary 6 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.7 L/yr
Consulting Business Development Officer Salary 1 year exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.2 L/yr

Last Updated: 22 Mar 2025

Companies similar to ICICI Prudential Life Insurance for Business Development Officer

Company name	Avg Annual Salary	Open Jobs
Life Insurance Corporation of India Business Development Officer Salary 1 - 9 years exp. (13 salaries)	₹2.3 L/yr - ₹10 L/yr 84% more
Bajaj Allianz Life Insurance Business Development Officer Salary 0 - 6 years exp. (5 salaries)	₹1.4 L/yr - ₹3 L/yr 28% less
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Axis Max Life Insurance Business Development Officer Salary 0 - 4 years exp. (4 salaries)	₹1.2 L/yr - ₹3.5 L/yr 25% less
Aditya Birla Sun Life Insurance Business Development Officer Salary 1 - 4 years exp. (4 salaries)	₹2.8 L/yr - ₹4 L/yr 4% less
HDFC Life Business Development Officer Salary 2 - 4 years exp. (4 salaries)	₹2.1 L/yr - ₹3.5 L/yr 12% less
Reliance Nippon Life Insurance Business Development Officer Salary 2 - 5 years exp. (3 salaries)	₹2.8 L/yr - ₹5 L/yr 7% more
Shriram Life Insurance Business Development Officer Salary 0 - 8 years exp. (3 salaries)	₹2 L/yr - ₹2.4 L/yr 36% less
SBI General Insurance Business Development Officer Salary 0 - 8 years exp. (4 salaries)	₹2.8 L/yr - ₹8 L/yr 32% more

Business Development Officer salary at ICICI Prudential Life Insurance ranges between ₹2.8 Lakhs to ₹4 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 7 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Business Development Officer salaries

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹2.8 L/yr - ₹5.8 L/yr
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹4 L/yr
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2 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.9 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹6.3 L/yr

View all

Similar Designation salaries in ICICI Prudential Life Insurance

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Business Development Associate Salary

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Business Development Executive Salary

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Senior Business Development Manager Salary

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₹2.8 L/yr - ₹6 L/yr

Senior Business Development Executive Salary

(AmbitionBox Estimate)

₹2.8 L/yr - ₹3.6 L/yr

Business Manager Salary

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₹3.1 L/yr - ₹4 L/yr

Sales Officer Salary

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₹1.8 L/yr - ₹4.34 L/yr

Zonal Sales Manager Salary

(4 salaries)

₹21 L/yr - ₹28 L/yr

Sales Executive Salary

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₹2 L/yr - ₹5 L/yr

Assistant Sales Manager Salary

(43 salaries)

₹4 L/yr - ₹5.75 L/yr

Top skills at ICICI Prudential Life Insurance for Business Development Officer

Communication Skills Sales Marketing

Salary related reviews for ICICI Prudential Life Insurance

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

Business Development Executive in Bangalore / Bengaluru

Marketing & Communication Department

1.0

• posted on 26 Apr 2022

1.0

for Salary and Benefits

Likes

...sive word. Never Suggest anyone to work here, specially for sales job profile. Pros: salary on time and job security

Job security - Good

Dislikes

Salary - Bad
Skill development - Bad

+4 more

Relationship Manager in Saharsa

Customer Success, Service & Operations Department

5.0

• posted on 12 Aug 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling.company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

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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

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Option 2

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ICICI Prudential Life Insurance Business Development Officer Salary FAQs

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

The average salary of a Business Development Officer at ICICI Prudential Life Insurance in India typically ranges from ₹2.8 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Business Development Officer at ICICI Prudential Life Insurance earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Business Development Officer 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 7 ICICI Prudential Life Insurance employees in India.

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

The estimated take-home salary of a Business Development Officer at ICICI Prudential Life Insurance in India typically ranges from ₹24,412 to ₹25,860 per month. This is based on the average salary range of ₹2.8 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 6 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 7 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 Officer at ICICI Prudential Life Insurance ?

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

- Communication Skills
- Sales
- Marketing

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 Officer in India?

Life Insurance Corporation of India	₹2.3 Lakhs to ₹10.0 Lakhs per year
SBI General Insurance	₹2.8 Lakhs to ₹8.0 Lakhs per year
Reliance Nippon Life Insurance	₹2.8 Lakhs to ₹5.0 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 Officer in companies similar to ICICI Prudential Life Insurance in India?

The salary of a Business Development Officer 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:

Aditya Birla Sun Life Insurance	₹2.8 Lakhs to ₹4.0 Lakhs per year
HDFC Life	₹2.1 Lakhs to ₹3.5 Lakhs per year
Axis Max Life Insurance	₹1.2 Lakhs to ₹3.5 Lakhs per year
Bajaj Allianz Life Insurance	₹1.4 Lakhs to ₹3.0 Lakhs per year
Shriram Life Insurance	₹2.0 Lakhs to ₹2.4 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 Officer at ICICI Prudential Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹2.8 Lakhs to ₹5.8 Lakhs per year
1 year	₹2.9 Lakhs to ₹4.0 Lakhs per year
2 years	₹1.3 Lakhs to ₹3.9 Lakhs per year
3 years	₹3.0 Lakhs to ₹3.9 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Business Development Officer Salaries by Location

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ICICI Prudential Life Insurance Business Development Officer Salaries

ICICI Prudential Life Insurance Business Development Officer salary in India ranges between ₹2.8 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.

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

Companies similar to ICICI Prudential Life Insurance for Business Development Officer

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

Experience wise ICICI Prudential Life Insurance Business Development Officer salaries

Similar Designation salaries in ICICI Prudential Life Insurance

Top skills at ICICI Prudential Life Insurance for Business Development Officer

Salary related reviews for ICICI Prudential Life Insurance

Regional Manager in Kolkata

Area Sales Manager in Indore

Sales Manager in Hyderabad / Secunderabad

Business Development Executive in Bangalore / Bengaluru

Relationship Manager in Saharsa

ICICI Prudential Life Insurance Business Development Officer Salary FAQs

Tell us how to improve this page.

ICICI Prudential Life Insurance Business Development Officer Salaries by Location