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3.1

based on 62 Reviews

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Ideal Insurance Brokers Business Development Manager salaries in India

Annual salary range
3 - 4 years exp.
₹4 Lakhs - ₹5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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37% less than the average Business Development Manager Salary in Insurance Companies for 3 - 4 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Business Development Manager Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹4.2 L/yr - ₹5.2 L/yr

BFSI, Investments & Trading
Business Development Manager Salary
4 years exp. (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.4 L/yr

Marketing & Communication
Business Development Manager Salary
3 years exp. (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 10 Mar 2023

Companies similar to Ideal Insurance Brokers for Business Development Manager

Company name Avg Annual Salary Open Jobs
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Docland Business Development Manager Salary

1 - 15 years exp. (13 salaries)
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₹1.8 L/yr - ₹3.6 L/yr

arrow icon 45% less
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Salasar Services Insurance Brokers Business Development Manager Salary

2 - 11 years exp. (7 salaries)
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₹2.5 L/yr - ₹11.1 L/yr

arrow icon 44% more
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Europ Assistance India Business Development Manager Salary

14 - 16 years exp. (6 salaries)
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₹22.5 L/yr - ₹26 L/yr

arrow icon 419% more
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Robinhood Insurance Broker Business Development Manager Salary

5 - 19 years exp. (5 salaries)
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₹3.5 L/yr - ₹4.5 L/yr

arrow icon 22% less
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Peerless Financial Products Distribution Business Development Manager Salary

0 - 15 years exp. (4 salaries)
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₹3.8 L/yr - ₹6 L/yr

arrow icon 6% less
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Easypolicy.com Business Development Manager Salary

0 - 3 years exp. (3 salaries)
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₹1.7 L/yr - ₹2.7 L/yr

arrow icon 57% less
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Health India Tpa Services Business Development Manager Salary

10 - 12 years exp. (3 salaries)
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₹3 L/yr - ₹11.1 L/yr

arrow icon 33% more
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Vizza Insurance Broking Services Business Development Manager Salary

1 - 5 years exp. (3 salaries)
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₹3.6 L/yr - ₹5.8 L/yr

arrow icon 7% more
Business Development Manager salary at Ideal Insurance Brokers ranges between ₹4 Lakhs to ₹5 Lakhs per year for employees with experience between 3 years to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Ideal Insurance Brokers.

Latest annual salaries shared by Ideal Insurance Brokers Business Development Manager

1y ago
₹4.7 Lakhs
4 years exp.
1y ago
₹4.7 Lakhs
3 years exp.
1y ago
₹4 Lakhs
4 years exp.
1y ago
₹5 Lakhs
3 years exp.

Experience wise Ideal Insurance Brokers Business Development Manager salaries

Last Updated: 10 Mar 2023

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹4.4 L/yr - ₹5.7 L/yr
4 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr

Similar Designation salaries in Ideal Insurance Brokers

Assistant Sales Manager Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr
Senior Sales Manager Salary
(AmbitionBox Estimate)
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₹5.6 L/yr - ₹7.1 L/yr
Area Sales Manager Salary
(AmbitionBox Estimate)
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₹5.5 L/yr - ₹7 L/yr
Deputy Manager Salary
(6 salaries)
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₹5 L/yr - ₹10.8 L/yr
Regional Manager Salary
(AmbitionBox Estimate)
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₹15.3 L/yr - ₹19.5 L/yr
Branch Manager Salary
(AmbitionBox Estimate)
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₹7 L/yr - ₹9 L/yr
Marketing Manager Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4.1 L/yr
Relationship Manager Salary
(4 salaries)
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₹2.75 L/yr - ₹4.5 L/yr
Sales Manager Salary
(AmbitionBox Estimate)
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₹5.9 L/yr - ₹7.6 L/yr
Area Manager Salary
(4 salaries)
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₹4.5 L/yr - ₹8.1 L/yr

Top skills at Ideal Insurance Brokers for Business Development Manager

Business Development Management Cold Calling General Insurance

Salary related reviews for Ideal Insurance Brokers

1.5

Rated by 2 employees for salary & benefits

Assistant Manager IT Operations in Kolkata

Full Time

 · 

IT Department

5.0
  •  posted on 15 Aug 2019
5.0
 for  Salary and Benefits

Likes

Higher position people also in good condition but middel range people so so..but most good part is company never hold anyone salary. And very smooth leaving policy.

read more
  • Salary - Excellent
    • +5 more

Dislikes

Missing middle leval management and senior HR.

Manager in Pune

business Development Department

1.0
  •  posted on 23 Mar 2018
1.0
 for  Salary and Benefits

Likes

...ot at all good to join as its waste of time & you will get only dissatisfaction. With any reason company always hold the salary. Director don't have any long-term vision. Unprofessional culture & HR processes.

read more

Dislikes

No ethics of work & Very unprofessional in HR Processes. Not a good company to work. Everyday targets will get change. Hire & fire method of recruitment.

read more
  • Salary - Bad
    • +6 more

Assistant Manager in Kolkata

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 11 Dec 2023
3.0
 for  Salary and Benefits

Likes

Colleagues are helpful

Dislikes

Biased Management in Kolkata with horrible HR,based at Delhi; Buttering the seniors has become the factor for employees to get promotion & increment; Thus favouritism is prevailing at the moment (both for getting promotion & for acquiring the facility for working from home)

read more
  • Job security - Bad
    • +3 more

Assistant Manager in Kolkata

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 04 Sep 2023
2.0
 for  Salary and Benefits

Likes

You will get the opportunity to learn and develop your skills colleague and seniors are supportive in terms of learning. And everything else you got to handle on your own.

read more
  • Skill development - Good

Dislikes

Management is very disturbed, politics involved, HR are worthless. Company policies are biased. Even the sales team doesn't get priority or respect over here.

read more
  • Salary - Poor
    • +3 more

Deputy General Manager in Multiple Location

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 27 Apr 2023
5.0
 for  Salary and Benefits

Likes

I have recieved warmest welcome from the Leaders of the Company. I would like to Mention Mr Rahul Agarwal is one of the most humble, passionate & a go ahead on new ideas person. We work as a family and grow together. Its a privileged to be associated to the Top 50 Brands of India, not to forget a Family who works together & parties harder.

read more
  • Salary - Excellent
    • +6 more

Dislikes

There are no dislikes when you want to work long term in any Organisation. My rather suggestion is to improve and upgrade my skills with them and work together & closely as a Family

read more
see more salary related reviews

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Salary Discussions, Hike & Promotions
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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Ideal Insurance Brokers Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Ideal Insurance Brokers ?
The average salary of a Business Development Manager at Ideal Insurance Brokers in India typically ranges from ₹4.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 3 years to 4 years).

The top 10% of Business Development Manager at Ideal Insurance Brokers earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Business Development Manager Salaries at Ideal Insurance Brokers 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 Ideal Insurance Brokers employees in India.
What is the estimated take home salary of a Business Development Manager at Ideal Insurance Brokers in India?
The estimated take-home salary of a Business Development Manager at Ideal Insurance Brokers in India typically ranges from ₹35,422 to ₹36,656 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 3 years to 4 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 Ideal Insurance Brokers. 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 Ideal Insurance Brokers ?
To be a Business Development Manager at Ideal Insurance Brokers in india, the key skills required include:

  • - Business Development Management
  • - Cold Calling
  • - General Insurance

These skills are highly valued at Ideal Insurance Brokers and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Ideal Insurance Brokers for Business Development Manager in India?
Europ Assistance India ₹22.5 Lakhs to ₹26.0 Lakhs per year
Salasar Services Insurance Brokers ₹2.5 Lakhs to ₹11.1 Lakhs per year
Health India Tpa Services ₹3.0 Lakhs to ₹11.1 Lakhs per year
Vizza Insurance Broking Services ₹3.6 Lakhs to ₹5.8 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Ideal Insurance Brokers, depending on the role and experience level.
What is the salary of a Business Development Manager in companies similar to Ideal Insurance Brokers in India?
The salary of a Business Development Manager at companies similar to Ideal Insurance Brokers in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Peerless Financial Products Distribution ₹3.8 Lakhs to ₹6.0 Lakhs per year
Robinhood Insurance Broker ₹3.5 Lakhs to ₹4.5 Lakhs per year
Docland ₹1.8 Lakhs to ₹3.6 Lakhs per year
Easypolicy.com ₹1.7 Lakhs to ₹2.7 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 Ideal Insurance Brokers in India?
The salary growth for a Business Development Manager at Ideal Insurance Brokers depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at Ideal Insurance Brokers:

Experience Average Salary Range
3 years ₹4.4 Lakhs to ₹5.7 Lakhs per year
4 years ₹4.1 Lakhs to ₹5.2 Lakhs per year
and so on.

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Ideal Insurance Brokers Business Development Manager Salaries by Location

Ideal Insurance Brokers Business Development Manager salary in India ranges between ₹4 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Ideal Insurance Brokers latest salaries received from various employees of Ideal Insurance Brokers.