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

Annual salary range
0 - 6 years exp.
₹1.8 Lakh - ₹4.2 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.
Salary of majority employees
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46% less than the average Business Development Manager Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Business Development Manager Salary
0 - 5 years exp. (AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.5 L/yr

Marketing & Communication
Business Development Manager Salary
6 years exp. (AmbitionBox Estimate)
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₹1.6 L/yr - ₹2 L/yr

Last Updated: 12 Mar 2023

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

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Life Insurance Corporation of India Business Development Manager Salary

0 - 6 years exp. (3 salaries)

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₹1.8 L/yr - ₹4.2 L/yr

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

0 - 11 years exp. (167 salaries)

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₹2.2 L/yr - ₹5 L/yr

arrow icon 2% less
15 job openings
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₹2.3 L/yr - ₹5 L/yr

arrow icon 4% more
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₹3 L/yr - ₹6.5 L/yr

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1 job opening
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₹2.2 L/yr - ₹7 L/yr

arrow icon 36% more
6 job openings
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₹3.9 L/yr - ₹5.5 L/yr

arrow icon 12% more
3 job openings
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₹3.7 L/yr - ₹7.5 L/yr

arrow icon 41% more
2 job openings
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₹3.3 L/yr - ₹4 L/yr

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₹2.1 L/yr - ₹5.6 L/yr

arrow icon 16% more
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₹3.4 L/yr - ₹8.8 L/yr

arrow icon 30% more
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₹4.1 L/yr - ₹5.3 L/yr

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₹3 L/yr - ₹8.6 L/yr

arrow icon 4% more
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₹2.2 L/yr - ₹3.5 L/yr

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₹4.2 L/yr - ₹5.2 L/yr

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17 job openings
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₹3.8 L/yr - ₹6 L/yr

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₹3.9 L/yr - ₹13.5 L/yr

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₹2.8 L/yr - ₹4.5 L/yr

arrow icon 10% less
Business Development Manager salary at Life Insurance Corporation of India ranges between ₹1.8 Lakh to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 3 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 in New Delhi

1y ago
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5 years exp.
1y ago
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6 years exp.

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

Last Updated: 12 Mar 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3.5 L/yr - ₹6.5 L/yr
1 year (AmbitionBox Estimate)

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₹3.3 L/yr - ₹4.2 L/yr
2 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹4.3 L/yr
3 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4.3 L/yr
4 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4.4 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

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₹2.25 L/yr - ₹6 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

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

read more
  • Skill development - Excellent
  • +5 more

Dislikes

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

read more

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
  • Salary - Excellent
  • +3 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
  • Skill development - Poor
  • +2 more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 21 Sep 2023

3.0
 for  Salary and Benefits

Likes

Job Performing Flexibility.

  • Job security - Excellent
  • +3 more

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

read more
  • Promotions - Poor

Full Time

 · 

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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  • Skill development - Poor
  • +5 more

Full Time

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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.

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  • 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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Life Insurance Corporation of India Business Development Manager salary in New Delhi ranges between ₹1.8 Lakh to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.