Life Insurance Corporation of India New Delhi Business Development Manager Salaries by 2 Employees

5 - 6 years exp.

₹3.4 Lakhs - ₹4.3 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Salaries in different departments

Customer Success, Service & Operations Business Development Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.3 L/yr
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Marketing & Communication Business Development Manager Salary 6 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.6 L/yr

Last Updated: 12 Mar 2023

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

Life Insurance Corporation of India Business Development Manager Salary

5 - 6 years exp. (AmbitionBox Estimate)

₹3.4 L/yr - ₹4.3 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Business Development Manager Salary 0 - 9 years exp. (163 salaries)	₹2.2 L/yr - ₹5 L/yr 1% less	12 job openings
SBI Life Insurance Company Business Development Manager Salary 0 - 14 years exp. (112 salaries)	₹3 L/yr - ₹6.5 L/yr 38% more
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Bajaj Allianz Life Insurance Business Development Manager Salary 1 - 10 years exp. (17 salaries)	₹3.9 L/yr - ₹5.5 L/yr 18% more	1 job opening
ICICI Prudential Life Insurance Business Development Manager Salary 1 - 7 years exp. (15 salaries)	₹2.3 L/yr - ₹4.8 L/yr 1% more
Aditya Birla Sun Life Insurance Business Development Manager Salary 0 - 10 years exp. (15 salaries)	₹4.1 L/yr - ₹5.3 L/yr 12% more
Axis Max Life Insurance Business Development Manager Salary 2 - 9 years exp. (12 salaries)	₹2.2 L/yr - ₹7 L/yr 26% more	3 job openings
ICICI Lombard General Insurance Company Business Development Manager Salary 4 - 8 years exp. (9 salaries)	₹3 L/yr - ₹8 L/yr 25% more
Reliance Nippon Life Insurance Business Development Manager Salary 6 - 9 years exp. (8 salaries)	₹2.1 L/yr - ₹5.6 L/yr 10% more
Kotak Mahindara Life Insurance Business Development Manager Salary 2 - 12 years exp. (8 salaries)	₹3.7 L/yr - ₹7.5 L/yr 39% more	1 job opening
Shriram Life Insurance Business Development Manager Salary 0 - 5 years exp. (7 salaries)	₹2.2 L/yr - ₹3.5 L/yr 16% less
Bajaj Allianz General Insurance Business Development Manager Salary 3 - 9 years exp. (6 salaries)	₹4.2 L/yr - ₹5.2 L/yr 29% more	9 job openings
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Aditya Birla Health Insurance Co Business Development Manager Salary 3 - 8 years exp. (6 salaries)	₹3.8 L/yr - ₹6 L/yr 27% more
Tata AIA Life Insurance Business Development Manager Salary 3 - 11 years exp. (5 salaries)	₹3.3 L/yr - ₹4 L/yr 1% more
Cholamandalam MS General Insurance Business Development Manager Salary 1 - 13 years exp. (5 salaries)	₹3.9 L/yr - ₹13.5 L/yr 118% more
HDFC Ergo General Insurance Business Development Manager Salary 1 - 8 years exp. (5 salaries)	₹2.8 L/yr - ₹4.5 L/yr 7% less

Business Development Manager salary at Life Insurance Corporation of India ranges between ₹3.4 Lakhs to ₹4.3 Lakhs per year for employees with experience between 5 years to 6 years. Salary estimates are based on 2 latest salaries received from various employees of Life Insurance Corporation of India.

Similar Designation salaries in Life Insurance Corporation of India

Senior Sales Executive Salary

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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

Senior Business Development Manager

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

Skill development - Excellent

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

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• posted on 19 Jul 2024

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

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

Skill development - Poor

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Development Officer in Hyderabad / Secunderabad

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5.0

• posted on 21 Sep 2023

3.0

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Job Performing Flexibility.

Job security - Excellent

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...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

Promotions - Poor

Development Officer in Mumbai

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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.

Skill development - Poor

+5 more

Insurance Adviser in Suryapet

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5.0

• posted on 24 Apr 2022

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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.

Salary - Excellent

+6 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.

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1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Life Insurance Corporation of India Business Development Manager Salary FAQs

How the salary growth look like for a Business Development Manager at Life Insurance Corporation of India in New Delhi?

The salary growth for a Business Development Manager at Life Insurance Corporation of India in New Delhi depends on factors such as experience, performance, and promotions. On average, a Business Development Manager in New Delhi can expect the following growth trajectory at Life Insurance Corporation of India:

Experience	Average Salary Range
5 years	₹3.4 Lakhs to ₹4.3 Lakhs per year
6 years	₹3.4 Lakhs to ₹4.4 Lakhs per year

and so on.

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Life Insurance Corporation of India Business Development Manager Salaries in New Delhi

Life Insurance Corporation of India Business Development Manager salary in New Delhi ranges between ₹3.4 Lakhs to ₹4.3 Lakhs. This is an estimate based on latest salaries received from employees of Life Insurance Corporation of India.

Life Insurance Corporation of India Business Development Manager salaries in New Delhi

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

Similar Designation salaries in Life Insurance Corporation of India

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

Salary related reviews for Life Insurance Corporation of India

Senior Business Development Manager

Advisor in Kulgam

Development Officer in Hyderabad / Secunderabad

Development Officer in Mumbai

Insurance Adviser in Suryapet

Life Insurance Corporation of India Business Development Manager Salary FAQs

Tell us how to improve this page.