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

Annual salary range
0 - 10 years exp.
₹1.5 Lakh - ₹6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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48% less than the average Business Development Manager Salary in Insurance Companies for 0 - 10 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading
Business Development Manager Salary
0 - 10 years exp. (357 salaries)
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₹1.5 L/yr - ₹6 L/yr

Sales & Business Development
Business Development Manager Salary
0 - 10 years exp. (170 salaries)
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₹2.1 L/yr - ₹6 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
0 - 9 years exp. (56 salaries)
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₹1.8 L/yr - ₹5.1 L/yr

Marketing & Communication
Business Development Manager Salary
1 - 10 years exp. (42 salaries)
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₹2.2 L/yr - ₹5.5 L/yr

Finance & Accounting
Business Development Manager Salary
0 - 6 years exp. (24 salaries)
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₹2.4 L/yr - ₹4.4 L/yr

Last Updated: 31 Mar 2025

Companies similar to IndiaFirst Life Insurance for Business Development Manager

Company name Avg Annual Salary Open Jobs
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₹1.5 L/yr - ₹5.5 L/yr

arrow icon 8% less
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₹3.4 L/yr - ₹6 L/yr

arrow icon 17% more
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₹2.4 L/yr - ₹8.8 L/yr

arrow icon 3% more
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₹2.6 L/yr - ₹13 L/yr

arrow icon 87% more
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₹3.5 L/yr - ₹7 L/yr

arrow icon 34% more
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₹4 L/yr - ₹8 L/yr

arrow icon 36% more
Logo
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₹2 L/yr - ₹5.8 L/yr

arrow icon 1% less
1 job opening
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₹6.2 L/yr - ₹13.6 L/yr

arrow icon 153% more
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₹3.7 L/yr - ₹7 L/yr

arrow icon 32% more
1 job opening
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₹3.6 L/yr - ₹4.8 L/yr

arrow icon 6% more
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₹3.5 L/yr - ₹5 L/yr

arrow icon 5% more
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₹3.3 L/yr - ₹6.5 L/yr

arrow icon 1% less
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₹3 L/yr - ₹14 L/yr

arrow icon 105% more
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₹4.5 L/yr - ₹11.2 L/yr

arrow icon 94% more
1 job opening
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₹2.9 L/yr - ₹4 L/yr

arrow icon 12% less
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₹2.4 L/yr - ₹5.5 L/yr

arrow icon 6% less
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₹7.8 L/yr - ₹10 L/yr

arrow icon 133% more
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₹6 L/yr - ₹26 L/yr

arrow icon 250% more
Business Development Manager salary at IndiaFirst Life Insurance ranges between ₹1.5 Lakh to ₹6 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 851 latest salaries received from various employees of IndiaFirst Life Insurance.

Latest annual salaries shared by IndiaFirst Life Insurance Business Development Manager

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Experience wise IndiaFirst Life Insurance Business Development Manager salaries

Last Updated: 31 Mar 2025

Experience Avg Annual Salary
Fresher  (29 salaries)

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₹2 L/yr - ₹4 L/yr
1 year  (51 salaries)

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₹1.8 L/yr - ₹4.5 L/yr
2 years  (103 salaries)

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₹1.5 L/yr - ₹4.5 L/yr
3 years  (118 salaries)

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₹1.8 L/yr - ₹5.1 L/yr
4 years  (122 salaries)

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₹2.4 L/yr - ₹5.5 L/yr
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Similar Designation salaries in IndiaFirst Life Insurance

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₹3.5 L/yr - ₹6.25 L/yr
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₹2.2 L/yr - ₹2.8 L/yr
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₹2.4 L/yr - ₹4.2 L/yr
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₹2.95 L/yr - ₹6.25 L/yr
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₹5.4 L/yr - ₹6 L/yr
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₹3.8 L/yr - ₹4.8 L/yr
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₹5 L/yr - ₹7.5 L/yr
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₹6 L/yr - ₹9.49 L/yr
Territory Sales Manager Salary
(AmbitionBox Estimate)
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₹6.3 L/yr - ₹8 L/yr
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₹5.75 L/yr - ₹18 L/yr

Top skills at IndiaFirst Life Insurance for Business Development Manager

Insurance Sales Business Development Lead Generation Customer Relationship Relationship Management Life Insurance Business Development Management Agent Recruitment Life Insurance Sales banca sales Agency Sales Salesforce Bancassurance Insurance Sales

Salary related reviews for IndiaFirst Life Insurance

4.0

Rated by 393 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 28 Jan 2025

3.0
 for  Salary and Benefits

Likes

Constant training for improvement that's likeable

Dislikes

Reaching 100% target can never satisfy them while salary are not justifyable according to the work load. And management always scolding the employee while In my 8 months 6 of them resign due to over load work pressure and frequent scolding using inappropriate verbal

read more
  • Job security - Bad
  • +3 more

Life Insurance Department

4.0
  •  posted on 14 Nov 2021

3.0
 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.

read more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but doesn't address our issues. There is a bound of 1 years before which you cannot resign. On the job training is not given to new joiners.

read more

BFSI, Investments & Trading Department

5.0
  •  posted on 17 Jan 2022

2.0
 for  Salary and Benefits

Likes

Great company but on salary front they will try every other dirty trick so that they don't have to give you incentive. On business month they will add too many conditions so that they can save and don't have to give our hard earn incentive.

read more
  • Skill development - Excellent
  • +4 more

Dislikes

Poor Incentive structure. Too many conditions for rewards. Doesn't feel like family. No team outings.

  • Salary - Poor

Other Department

5.0
  •  posted on 23 Feb 2021

5.0
 for  Salary and Benefits

Likes

In covid time we are getting salary ,,, after 4th month voluntarily Rbh and HR push for Resigned ... here no job security no humanity's bcz higher position people want to safer side ...

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  • Salary - Excellent
  • +1 more

Dislikes

Because RBH and HR only good here ,,, basically HR work here for RBH and ZBH ...

  • Job security - Bad
  • +3 more

BFSI, Investments & Trading Department

1.0
  •  posted on 29 Jun 2022

1.0
 for  Salary and Benefits

Likes

Company is good ,but hr is not helpful and Abh Mr.jegan jeevanadham is working on South tamilnadu hr is very cheap behaviour ,he suck your salary and buy medqls and gift for the branch manager ,he not even listen your words at any situation pls don't join , company is good but ABH are very bad

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Dislikes

I like this company very much but Mr.Jegan jeevanadham is very bad while speaking and not given leave for any situation it including death also very worst I ever seen in my career

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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IndiaFirst Life Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at IndiaFirst Life Insurance ?
The average salary of a Business Development Manager at IndiaFirst Life Insurance in India typically ranges from ₹1.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Business Development Manager at IndiaFirst Life Insurance earn more than ₹4.7 Lakhs per year, and the top 1% earn over ₹5.6 Lakhs per year. Business Development Manager Salaries at IndiaFirst 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 800+ IndiaFirst Life Insurance employees in India.
What is the estimated take home salary of a Business Development Manager at IndiaFirst Life Insurance in India?
The estimated take-home salary of a Business Development Manager at IndiaFirst Life Insurance in India typically ranges from ₹28,788 to ₹30,171 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹6.0 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 800+ salaries received from various employees of IndiaFirst 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 IndiaFirst Life Insurance ?
To be a Business Development Manager at IndiaFirst Life Insurance in india, the key skills required include:

  • - Insurance Sales
  • - Business Development
  • - Lead Generation
  • - Customer Relationship
  • - Relationship Management

These skills are highly valued at IndiaFirst Life Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than IndiaFirst Life Insurance for Business Development Manager in India?
Liberty General Insurance ₹6.0 Lakhs to ₹26.0 Lakhs per year
Magma HDI General Insurance ₹6.2 Lakhs to ₹13.6 Lakhs per year
Allianz Partners ₹7.8 Lakhs to ₹10.0 Lakhs per year
Agriculture Insurance Company of India ₹3.0 Lakhs to ₹14.0 Lakhs per year
Medi Assist India ₹4.5 Lakhs to ₹11.2 Lakhs per year

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

Cholamandalam MS General Insurance ₹2.6 Lakhs to ₹13.0 Lakhs per year
Aegon Life Insurance ₹4.0 Lakhs to ₹8.0 Lakhs per year
Future Generali India Life Insurance ₹3.5 Lakhs to ₹7.0 Lakhs per year
Paramount Health Services Tpa ₹3.7 Lakhs to ₹7.0 Lakhs per year
Aditya Birla Health Insurance Co ₹3.4 Lakhs to ₹6.0 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 IndiaFirst Life Insurance in India?
The salary growth for a Business Development Manager at IndiaFirst Life Insurance depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at IndiaFirst Life Insurance:

Experience Average Salary Range
Fresher ₹2.0 Lakhs to ₹4.0 Lakhs per year
1 year ₹1.8 Lakhs to ₹4.5 Lakhs per year
2 years ₹1.5 Lakhs to ₹4.5 Lakhs per year
3 years ₹1.8 Lakhs to ₹5.1 Lakhs per year
and so on.

Tell us how to improve this page.

IndiaFirst Life Insurance Business Development Manager salary in India ranges between ₹1.5 Lakh to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 851 IndiaFirst Life Insurance latest salaries received from various employees of IndiaFirst Life Insurance.