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4.4

based on 1.8k Reviews

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Life Insurance Corporation of India Business Development Manager salaries in India

Annual salary range
0 - 10 years exp.
₹1.8 Lakh - ₹7 Lakhs
Salary of majority employees
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46% less than the average Business Development Manager Salary in Insurance Companies for 0 - 10 years of experience

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Salaries in different departments

Marketing & Communication
Business Development Manager Salary
2 - 6 years exp. (3 salaries)
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₹1.8 L/yr - ₹3 L/yr

BFSI, Investments & Trading
Business Development Manager Salary
3 - 8 years exp. (AmbitionBox Estimate)
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₹2.8 L/yr - ₹6.5 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
0 - 5 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹3.5 L/yr

Teaching & Training
Business Development Manager Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹4.8 L/yr - ₹5.3 L/yr

Sales & Business Development
Business Development Manager Salary
10 years exp. (AmbitionBox Estimate)
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₹5.5 L/yr - ₹6.7 L/yr

Last Updated: 19 Apr 2024

Companies similar to Life Insurance Corporation of India for Business Development Manager

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

0 - 11 years exp. (1.4k salaries)

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₹1.5 L/yr - ₹4.8 L/yr

arrow icon 10% less
12 job openings
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₹1.7 L/yr - ₹5.5 L/yr

arrow icon 4% less
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₹1.9 L/yr - ₹7 L/yr

arrow icon 21% more
1 job opening
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₹2.2 L/yr - ₹7.3 L/yr

arrow icon 29% more
1 job opening
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₹3 L/yr - ₹6 L/yr

arrow icon 8% more
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₹2 L/yr - ₹10.7 L/yr

arrow icon 49% more
5 job openings
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₹2 L/yr - ₹7 L/yr

arrow icon 2% less
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₹1.5 L/yr - ₹6 L/yr

arrow icon 4% more
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₹2.4 L/yr - ₹8.6 L/yr

arrow icon 7% more
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₹2 L/yr - ₹5.5 L/yr

arrow icon 2% less
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₹2.8 L/yr - ₹6.5 L/yr

arrow icon 6% more
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₹3.5 L/yr - ₹7 L/yr

arrow icon 28% more
17 job openings
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₹2.1 L/yr - ₹9.1 L/yr

arrow icon 5% more
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₹2 L/yr - ₹6 L/yr

arrow icon 20% less
2 job openings
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₹3.4 L/yr - ₹5.8 L/yr

arrow icon 16% more
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₹3.2 L/yr - ₹13 L/yr

arrow icon 101% more
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₹2.7 L/yr - ₹8.5 L/yr

arrow icon 13% more
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₹2.7 L/yr - ₹6.5 L/yr

arrow icon 4% more
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₹11.4 L/yr - ₹24.6 L/yr

arrow icon 476% more
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₹3.5 L/yr - ₹4.9 L/yr

arrow icon 3% more
View all
Business Development Manager salary at Life Insurance Corporation of India ranges between ₹1.8 Lakh to ₹7 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 16 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Business Development Manager

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Experience wise Life Insurance Corporation of India Business Development Manager salaries

Last Updated: 19 Apr 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3.5 L/yr - ₹6.6 L/yr
1 year (AmbitionBox Estimate)

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₹1.5 L/yr - ₹4.8 L/yr
2 years  (3 salaries)

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₹3 L/yr - ₹7 L/yr
3 years  (3 salaries)

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₹2.8 L/yr - ₹4.3 L/yr
4 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.3 L/yr
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Similar Designation salaries in Life Insurance Corporation of India

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₹16 L/yr - ₹20.5 L/yr
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₹3 L/yr - ₹12 L/yr
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₹2.5 L/yr - ₹3.2 L/yr
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₹1 L/yr - ₹5.75 L/yr
Zonal Sales Manager Salary
(AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr
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₹3.3 L/yr - ₹10.15 L/yr
Senior Sales Manager Salary
(AmbitionBox Estimate)
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₹5.7 L/yr - ₹7.2 L/yr
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₹2 L/yr - ₹4 L/yr
Territory Sales Manager Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
Deputy Manager Salary
(5 salaries)
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₹2.35 L/yr - ₹9.28 L/yr

Top skills at Life Insurance Corporation of India for Business Development Manager

Target Achievement Revenue Generation Communication Skills Insurance Sales Network Expansion Business Generation New Client Acquisition Sales Management Convincing Power Lead Generation

Salary related reviews for Life Insurance Corporation of India

4.3

Rated by 7 employees for salary & benefits

5.0
  •  posted on 25 Jul 2018

3.0
 for  Salary and Benefits

Likes

Very Hard subject with Smart work (it’s not for all......!) It’s an open market but not for all who knows the pulse of market and customer portfolio they can sustain under this umbrella, other wise it’s an ocian for them they cont reach there’s destination part It’s an easy subject but but very toughf ! Who don’t know basic things

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Dislikes

Salary is the main part of every one career but in this domain very low salaries and long working hours

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Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 19 Jul 2024

5.0
 for  Salary and Benefits

Likes

Good bonus Good incentives Respect given by whole team of LIC Good guidance and counselling and training sessions at LIC office

read more

Dislikes

There is a heavy workload of getting policies and sales which is very tough to get popicies on dailg basis to achieve target.

read more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 21 Sep 2023

3.0
 for  Salary and Benefits

Likes

Job Performing Flexibility.

Dislikes

...e Teams. 2. Other benefits, which are not upto the standards or satisfaction. 3. No Festival bonuses/ annual bonuses. 4. No Family bonus 5. No clarity about Pension

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Full Time

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Sales & Business Development Department

1.0
  •  posted on 20 Feb 2023

3.0
 for  Salary and Benefits

Likes

Good company in terms of the pay and benefits, but at a heavy price.

Dislikes

All the rules and restrictions/punishment are imposed only on class 2 officers of the organisation. Targets are imposed only on development officers.

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Full Time

 · 

Construction & Site Engineering Department

5.0
  •  posted on 24 Apr 2022

5.0
 for  Salary and Benefits

Likes

...us, we need to complete basic target - can be achieved easily to retain licence. We as agents, upon reaching membership target's, we receive bonus, advances & other benefits.

read more

Dislikes

In this competitive industry, we need to implement new combination policies like pvt companies, which gives multiple benefit options to choose for customer & we need to upgrade in digital marketing/Easy ways to receive customer feedback, requests, their suggestions etc. We need to cut off those lengthy process in different sections.

read more
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Life Insurance Corporation of India Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Life Insurance Corporation of India?
Business Development Manager salary at Life Insurance Corporation of India in India ranges between ₹1.8 Lakhs to ₹7.0 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 46% less than the average Business Development Manager Salary in India. Salary estimates are based on 16 latest salaries received from various employees of Life Insurance Corporation of India India.
How does the salary of a Business Development Manager at Life Insurance Corporation of India India compare with the average salary range for this job?
The average salary of a Business Development Manager at Life Insurance Corporation of India is 46% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Business Development Manager at Life Insurance Corporation of India?
Target Achievement, Revenue Generation, Communication Skills, Insurance Sales and Network Expansion are some of the popular skills required to work as a Business Development Manager at Life Insurance Corporation of India India.
Which similar companies are paying more than Life Insurance Corporation of India to a Business Development Manager in India?
  • The Oriental Insurance Co. Business Development Manager Salary - ₹11.4 Lakhs to ₹24.6 Lakhs per year
  • Gallagher Business Development Manager Salary - ₹10.0 Lakhs to ₹10.8 Lakhs per year
  • Allianz Partners Business Development Manager Salary - ₹7.8 Lakhs to ₹10.0 Lakhs per year
  • Cholamandalam MS General Insurance Business Development Manager Salary - ₹3.2 Lakhs to ₹13.0 Lakhs per year
  • Kotak Mahindara Life Insurance Business Development Manager Salary - ₹2.0 Lakhs to ₹10.7 Lakhs per year
What is the salary of a Business Development Manager in companies similar to Life Insurance Corporation of India in India?
  • Max Life Insurance Business Development Manager Salary - ₹2.2 Lakhs to ₹7.3 Lakhs per year
  • Bajaj Allianz General Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
  • SBI Life Insurance Company Business Development Manager Salary - ₹1.9 Lakhs to ₹7.0 Lakhs per year
  • Aditya Birla Health Insurance Co Business Development Manager Salary - ₹3.4 Lakhs to ₹5.8 Lakhs per year
  • Care Health Insurance Business Development Manager Salary - ₹2.7 Lakhs to ₹8.5 Lakhs per year
What is the estimated take home salary of a Business Development Manager at Life Insurance Corporation of India in India?
The estimated take-home salary of a Business Development Manager at Life Insurance Corporation of India ranges between ₹29,305 per month to ₹30,680 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Business Development Manager salary in India which ranges between ₹1.8 Lakhs to ₹7.0 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?
What is the notice period for Business Development Manager at Life Insurance Corporation of India?
According to AmbitionBox, 67% of the Life Insurance Corporation of India Business Development Managers reported a notice period of 15 days or less, 33% reported a notice period of 1 Month.This is based on 9 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Life Insurance Corporation of India Business Development Manager salary in India ranges between ₹1.8 Lakh to ₹7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 16 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.