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Annual salary range
5 - 10 years exp.
₹6.2
Lakhs - ₹13.6
Lakhs
Salary of majority employees
Avg. annual salary
Monthly In-hand Salary
Business Development Manager Salary at Magma General Insurance Limited ranges between ₹6.2 Lakhs to ₹13.6 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 8 latest...
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24% more than the average Business Development Manager Salary in Insurance Companies for 5 - 10 years of experience
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Magma General Insurance Limited Business Development Manager salaries by
| Years of experience | Avg. annual salary |
|---|---|
| 5 years (AmbitionBox Estimate) |
₹8.7
L/yr
- ₹11.1
L/yr
|
| 6 years (AmbitionBox Estimate) |
₹8.6
L/yr
- ₹11.1
L/yr
|
Login to view exact salary
| |
| 7 years (AmbitionBox Estimate) |
₹8.6
L/yr
- ₹11
L/yr
|
| 8 years (AmbitionBox Estimate) |
₹8.6
L/yr
- ₹11
L/yr
|
| 9 years (AmbitionBox Estimate) |
₹8.5
L/yr
- ₹10.9
L/yr
|
View all salaries by experience
Similar Designation Salaries at Magma General Insurance Limited
| Similar Designation | Avg. annual salary |
|---|---|
Zonal Sales Manager Salary
(AmbitionBox Estimate)
|  ₹42.3 L/yr - ₹54.1 L/yr |
Assistant Sales Manager Salary
(AmbitionBox Estimate)
| ₹6.5 L/yr - ₹8.3 L/yr |
Login to view exact salary
| |
Senior Sales Manager Salary
(5 salaries)
| ₹4 L/yr - ₹6.2 L/yr |
Area Sales Manager Salary
(6 salaries)
| ₹7.7 L/yr - ₹9.3 L/yr |
Territory Sales Manager Salary
(4 salaries)
| ₹6.7 L/yr - ₹14.5 L/yr |
View more similar designations
Top trending discussions
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Salary Discussions, Hike & Promotions
2w
a senior executive
GF salary Vs. My salary
Me and my gf have been dating for 5 years.
Back in 2020, I started my career with a package of ₹5 LPA. Over the years, I’ve reached ₹22 LPA in 2025.
She started her journey with ₹3 LPA(2020) and is now earning ₹8 LPA(2025).
We’ve been in a live-in relationship for around 2 years, and the idea was to share expenses equally. But, equal sharing never really happened.
If we go to a café she likes, especially with friends, I will pay the entire bill. We only split the house rent and grocery bills.
I told her lots of time to cut down these costly cafe expenses or earn more money, increase your package, study and work hard, but.....she is now in her comfort zone.
Being from a tech background, I have seen people upgrade their skills and package for a good life in metro cities.
I am ready to support her in her studies, but she is like I am earning enough for myself.... No, you are not.
I love her, but I don't know how to overcome this issue between us. Please suggest!
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Magma General Insurance Limited Business Development Manager Salary FAQs
What is the salary of Business Development Manager at Magma General Insurance Limited ?
The average salary of a Business Development Manager at Magma General Insurance Limited in India typically ranges from ₹6.2 Lakhs to ₹13.6 Lakhs per year, depending on experience (from 5 years to 10 years).
The top 10% of Business Development Manager at Magma General Insurance Limited earn more than ₹13.4 Lakhs per year, and the top 1% earn over ₹13.6 Lakhs per year. Business Development Manager Salaries at Magma General Insurance Limited 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 8 Magma General Insurance Limited employees in India.
The top 10% of Business Development Manager at Magma General Insurance Limited earn more than ₹13.4 Lakhs per year, and the top 1% earn over ₹13.6 Lakhs per year. Business Development Manager Salaries at Magma General Insurance Limited 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 8 Magma General Insurance Limited employees in India.
What is the estimated take home salary of a Business Development Manager at Magma General Insurance Limited in India?
The estimated take-home salary of a Business Development Manager at Magma General Insurance Limited in India typically ranges from ₹69,193 to ₹70,970 per month. This is based on the average salary range of
₹6.2 Lakhs to ₹13.6 Lakhs
per year for employees with experience ranging from 5 years 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 8 salaries received from various employees of Magma General Insurance Limited. 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 Magma General Insurance Limited ?
To be a Business Development Manager at Magma General Insurance Limited in india, the key skills required include:
These skills are highly valued at Magma General Insurance Limited and are crucial for successful performance in a Software Engineering role.
- - Employee Benefits
- - Group Sales
- - Corporate Sales
- - institutional sales
- - Health Insurance
These skills are highly valued at Magma General Insurance Limited and are crucial for successful performance in a Software Engineering role.
What is the salary of a Business Development Manager in companies similar to Magma General Insurance Limited in India?
The salary of a Business Development Manager at companies similar to Magma General Insurance Limited in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:
These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
| Liberty General Insurance | ₹0.0 Lakhs to ₹0.0 Lakhs per year |
| Allianz Partners | ₹0.0 Lakhs to ₹0.0 Lakhs per year |
| Cholamandalam MS General Insurance | ₹0.0 Lakhs to ₹0.0 Lakhs per year |
| Medi Assist India | ₹0.0 Lakhs to ₹0.0 Lakhs per year |
| Paramount Health Services Tpa | ₹0.0 Lakhs to ₹0.0 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 Magma General Insurance Limited in India?
The salary growth for a Business Development Manager at Magma General Insurance Limited depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at Magma General Insurance Limited:
and so on.
| Experience | Average Salary Range |
|---|---|
| 5 years | ₹8.7 Lakhs to ₹11.1 Lakhs per year |
| 6 years | ₹8.6 Lakhs to ₹11.1 Lakhs per year |
| 7 years | ₹8.6 Lakhs to ₹11.0 Lakhs per year |
| 8 years | ₹8.6 Lakhs to ₹11.0 Lakhs per year |
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Magma General Insurance Limited Business Development Manager salary
in
India
ranges between ₹6.2
Lakhs to ₹13.6
Lakhs with an average annual salary of
₹
. Salary estimates are based on
8
Magma General Insurance Limited latest salaries received from various employees of
Magma General Insurance Limited.