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3.8

based on 357 Reviews

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Magma HDI General Insurance Business Development Manager salaries in India

Annual salary range
5 - 10 years exp.
₹9 Lakhs - ₹13.6 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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23% more than the average Business Development Manager Salary in Insurance Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Business Development Manager Salary
8 - 10 years exp. (3 salaries)
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₹9.2 L/yr - ₹13.1 L/yr

Sales & Business Development
Business Development Manager Salary
5 - 8 years exp. (3 salaries)
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₹9 L/yr - ₹13.6 L/yr

Last Updated: 6 Dec 2024

Companies similar to Magma HDI General Insurance for Business Development Manager

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₹3.1 L/yr - ₹6.2 L/yr

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₹11.4 L/yr - ₹24.6 L/yr

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₹3.5 L/yr - ₹7.3 L/yr

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₹1.5 L/yr - ₹6 L/yr

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₹1.6 L/yr - ₹5.3 L/yr

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₹1.5 L/yr - ₹5.5 L/yr

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₹3.4 L/yr - ₹5.8 L/yr

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₹2.4 L/yr - ₹8.6 L/yr

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₹2.3 L/yr - ₹9 L/yr

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₹3.2 L/yr - ₹13 L/yr

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₹2.4 L/yr - ₹5.5 L/yr

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₹3.2 L/yr - ₹5 L/yr

arrow icon 58% less
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₹4.5 L/yr - ₹11.2 L/yr

arrow icon 18% less
3 job openings
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₹2.9 L/yr - ₹4 L/yr

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₹7.8 L/yr - ₹10 L/yr

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₹4.2 L/yr - ₹8 L/yr

arrow icon 32% less
Business Development Manager salary at Magma HDI General Insurance ranges between ₹9 Lakhs to ₹13.6 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 6 latest salaries received from various employees of Magma HDI General Insurance.

Latest annual salaries shared by Magma HDI General Insurance Business Development Manager

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5 years exp.
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8 years exp.
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9 years exp.

Experience wise Magma HDI General Insurance Business Development Manager salaries

Last Updated: 6 Dec 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹13.6 L/yr
6 years (AmbitionBox Estimate)

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₹8.5 L/yr - ₹10.8 L/yr
7 years (AmbitionBox Estimate)

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₹9 L/yr - ₹16.7 L/yr
8 years (AmbitionBox Estimate)

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₹9 L/yr - ₹9.2 L/yr
9 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹12.2 L/yr
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Similar Designation salaries in Magma HDI General Insurance

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(AmbitionBox Estimate)
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₹42.3 L/yr - ₹54.1 L/yr
Assistant Sales Manager Salary
(AmbitionBox Estimate)
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₹6.5 L/yr - ₹8.3 L/yr
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₹4 L/yr - ₹6.2 L/yr
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₹7.7 L/yr - ₹8.8 L/yr
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₹6.65 L/yr - ₹14.5 L/yr
Area Business Manager Salary
(AmbitionBox Estimate)
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₹11.7 L/yr - ₹15 L/yr
Deputy Manager Salary
(117 salaries)
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₹5.45 L/yr - ₹10.5 L/yr
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₹5.4 L/yr - ₹22.65 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹14.9 L/yr - ₹19 L/yr
Branch Manager Salary
(9 salaries)
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₹5 L/yr - ₹9.25 L/yr

Top skills at Magma HDI General Insurance for Business Development Manager

Employee Benefits Group Sales Corporate Sales institutional sales Health Insurance agency development Agency Channel General Insurance Insurance broking Insurance Sales Sales Development broker Corporate SME Sales

Salary related reviews for Magma HDI General Insurance

5.0

Rated by 2 employees for salary & benefits

BFSI, Investments & Trading Department

2.0
  •  posted on 16 Nov 2021

1.0
 for  Salary and Benefits

Likes

...h for this company.From last 6 months Company rules half of the employee go out. Company asking bussines with out any pay outs. As operation side last 2 FYI no hickes . On aug Hickes announced but not base KRA. Heads raltives and neer friends ,personal ratings. As my location Audit 100% also company KRA 100%, SOH questioners 90% .based my KRA I will get rating 2/1 but SOH personal feaver persons gets 2 and 1 .also they got premotions.who gets premotions there KRA 85%. This is enough for knowing company.how wants to this company they must have knowledge on Heads satisfaction.No need to works.On lock down company alloted target to OPs 10pacs PM for AP and TS. Out of 9 Employees I was done 6lacs on each month.Also I got appreciation from National heads.Those are not calculated on ratings premoted person done only 10k per month.

read more

Dislikes

Here employee not treated as employee.theyvtreatedcas slave

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 29 Aug 2024

3.0
 for  Salary and Benefits

Likes

Work culture

Dislikes

With my experience and hardworking that I had put in I was underpaid. Otherwise everything else here in the company is perfect as every single person from senior to junior is there to help .

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Full Time

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BFSI, Investments & Trading Department

3.0
  •  posted on 21 Aug 2024

3.0
 for  Salary and Benefits

Likes

The company provided a stable and secure work environment, ensuring long-term employment opportunities.

Dislikes

While I valued my time at the company, I felt there was limited room for growth and development, which motivated me to seek new opportunities.

read more

Full Time

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Legal & Regulatory Department

1.0
  •  posted on 24 May 2024

1.0
 for  Salary and Benefits

Likes

MHDI company is good to work subject to you are not working in TP Claims department. Your life will be miserable. National Head is headless person. He don't respect his colleagues. He work like psycho and he only prefers person who belongs to his caste and state. He doesn't have law knowledge as well as his man management skills are pathetic.

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Dislikes

National Manager of TP Claims department is most corrupt person. Lots of fraud activity is taking place under his leadership. You have to work very vigilantly since there are high chances to falsely imply you in said fraud activity if you don't belong to his caste and community of National Head

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Full Time

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Human Resources Department

5.0
  •  posted on 07 May 2024

5.0
 for  Salary and Benefits

Likes

Everything. It’s a great learning platform and growth platform. A lot employees have grown over the time. The culture has been very good and the CEO drives it. Respect has been the cornerstone for majority senior leaders here. It’s like working with friends and family. Hope we can Lee the culture the same way.

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Dislikes

The organisation needs more clarity and unity of thoughts. Ownership is something as a team, they need to work on with specific timelines. Value in its people with respect is something which should be the cornerstone for this organisation.

read more
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Magma HDI General Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Magma HDI General Insurance?
Business Development Manager salary at Magma HDI General Insurance in India ranges between ₹9.0 Lakhs to ₹13.6 Lakhs for experience between 5 years to 10 years. According to our estimates it is 23% more than the average Business Development Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Magma HDI General Insurance India.
How does the salary of a Business Development Manager at Magma HDI General Insurance India compare with the average salary range for this job?
The average salary of a Business Development Manager at Magma HDI General Insurance is 23% more 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 Magma HDI General Insurance?
Employee Benefits, Group Sales, Corporate Sales, institutional sales and Health Insurance are some of the popular skills required to work as a Business Development Manager at Magma HDI General Insurance India.
Which similar companies are paying more than Magma HDI General Insurance to a Business Development Manager in India?
  • The Oriental Insurance Co. Business Development Manager Salary - ₹11.4 Lakhs to ₹24.6 Lakhs per year
What is the salary of a Business Development Manager in companies similar to Magma HDI General Insurance in India?
  • 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
  • Medi Assist India Business Development Manager Salary - ₹4.5 Lakhs to ₹11.2 Lakhs per year
  • Digit Insurance Business Development Manager Salary - ₹4.2 Lakhs to ₹8.0 Lakhs per year
  • Future Generali India Life Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.3 Lakhs per year
What is the estimated take home salary of a Business Development Manager at Magma HDI General Insurance in India?
The estimated take-home salary of a Business Development Manager at Magma HDI General Insurance ranges between ₹66,985 per month to ₹68,699 per month in India. The take-home salary calculation is based on the average Magma HDI General Insurance Business Development Manager salary in India which ranges between ₹9.0 Lakhs to ₹13.6 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?
What is the notice period for Business Development Manager at Magma HDI General Insurance?
According to AmbitionBox, 50% of the Magma HDI General Insurance Business Development Managers reported a notice period of 3 Months, 42% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 12 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Magma HDI General Insurance Business Development Manager salary in India ranges between ₹9 Lakhs to ₹13.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.