ManipalCigna Health Insurance Business Development Manager Salaries by 4 Employees

5 - 10 years exp.

₹2.9 Lakhs - ₹4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

54% less 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 5 - 10 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹4 L/yr
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Finance & Accounting Business Development Manager Salary 9 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.4 L/yr

Last Updated: 14 Oct 2024

Companies similar to ManipalCigna Health Insurance for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
SBI General Insurance Business Development Manager Salary 0 - 10 years exp. (607 salaries)	₹1.6 L/yr - ₹5.3 L/yr 9% more	13 job openings
IndiaFirst Life Insurance Business Development Manager Salary 0 - 10 years exp. (403 salaries)	₹1.5 L/yr - ₹6 L/yr 13% more	10 job openings
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Axis Max Life Insurance Business Development Manager Salary 2 - 9 years exp. (170 salaries)	₹2 L/yr - ₹7.3 L/yr 49% more	3 job openings
Edelweiss Life Insurance Business Development Manager Salary 1 - 10 years exp. (108 salaries)	₹1.5 L/yr - ₹5.5 L/yr 3% more
Aditya Birla Health Insurance Co Business Development Manager Salary 3 - 10 years exp. (78 salaries)	₹3.4 L/yr - ₹6 L/yr 33% more
Star Union Dai-ichi Life Insurance Business Development Manager Salary 3 - 12 years exp. (71 salaries)	₹2.3 L/yr - ₹9 L/yr 39% more	17 job openings
Cholamandalam MS General Insurance Business Development Manager Salary 1 - 15 years exp. (63 salaries)	₹2.8 L/yr - ₹13.5 L/yr 123% more
Bharti AXA Life Insurance Business Development Manager Salary 0 - 10 years exp. (63 salaries)	₹2.4 L/yr - ₹8.8 L/yr 16% more
Future Generali India Life Insurance Business Development Manager Salary 0 - 13 years exp. (30 salaries)	₹3.5 L/yr - ₹7 L/yr 51% more	1 job opening
Aegon Life Insurance Business Development Manager Salary 3 - 11 years exp. (18 salaries)	₹4 L/yr - ₹8 L/yr 54% more
Magma HDI General Insurance Business Development Manager Salary 5 - 10 years exp. (8 salaries)	₹6.2 L/yr - ₹13.6 L/yr 174% more
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Paramount Health Services Tpa Business Development Manager Salary 3 - 20 years exp. (7 salaries)	₹3.7 L/yr - ₹7 L/yr 49% more	1 job opening
Aviva Life Insurance India Business Development Manager Salary 1 - 6 years exp. (5 salaries)	₹3.6 L/yr - ₹4.8 L/yr 20% more
Ageas Federal Life Insurance Business Development Manager Salary 2 - 9 years exp. (5 salaries)	₹3.5 L/yr - ₹5 L/yr 19% more
CignaTTk Health Insurance Business Development Manager Salary 9 - 12 years exp. (4 salaries)	₹3.3 L/yr - ₹6.5 L/yr 12% more
Medi Assist India Business Development Manager Salary 6 - 13 years exp. (4 salaries)	₹4.5 L/yr - ₹11.2 L/yr 119% more	2 job openings
Shriram General Insurance Business Development Manager Salary 1 - 8 years exp. (4 salaries)	₹2.4 L/yr - ₹5.5 L/yr 6% more
Allianz Partners Business Development Manager Salary 4 - 6 years exp. (3 salaries)	₹7.8 L/yr - ₹10 L/yr 163% more
Liberty General Insurance Business Development Manager Salary 1 - 13 years exp. (3 salaries)	₹6 L/yr - ₹26 L/yr 296% more

Business Development Manager salary at ManipalCigna Health Insurance ranges between ₹2.9 Lakhs to ₹4 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of ManipalCigna Health Insurance.

Experience wise ManipalCigna Health Insurance Business Development Manager salaries

Last Updated: 14 Oct 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
6 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
Login to view exact salary
7 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
8 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
9 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
10 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr

View all

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Salary related reviews for ManipalCigna Health Insurance

3.2

Rated by 2 employees for salary & benefits

Relationship Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 25 Jul 2024

1.0

for Salary and Benefits

Likes

Managers behaviour is good, specialy my manager was very gentleman

Dislikes

Low salary,there is no goalsheet for promotion,every month you get different target and you never know your next months target, office premises is very short,training room too short,there is no pantry room,leave policy is horrible, Saturday timing is 9.30 to 1.30,but every Saturday you have be in office till 4-5 pm

Salary - Bad

+4 more

Relationship Manager in Bhopal

Sales & Marketing Department

5.0

• posted on 31 Jan 2021

4.0

for Salary and Benefits

Likes

Good environment and support of team members and nice transparency from management side company's policy are good every year bonus from company side

Salary - Good

+6 more

Dislikes

Salary is not decent and also effective for my career growth the management doesn't address some important issues

Agency Manager in Tirupati

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 08 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing

Job security - Excellent

+1 more

Dislikes

Full of politics No proper growth No proper pay No clarity on plans Branch manager will be not having any product knowledge just asked us to close the leads with fake information to customers Targeting HR will listen you if u r above branch manager she won't give reply if u less than branch manager No proper channel for complaints

Salary - Bad

+4 more

Assistant Manager in Mumbai

Full Time

Human Resources Department

4.0

• posted on 09 Dec 2023

2.0

for Salary and Benefits

Likes

The culture is somehow very friendly

Skill development - Good

+3 more

Dislikes

...here the top management is protected even if some of them are outright are evil. Poor compensation structure. No benefits/perks at all. Very small workspace. People do not have space to sit. And even then work from home is not an option

Salary - Poor

Senior Key Agency Manager in Ludhiana

Full Time

Agency Sales Department

5.0

• posted on 25 Nov 2022

3.0

for Salary and Benefits

Likes

Best Health ins Products in this Health Insurance Sector, the Tag Line of "Ek Baar Lo Accha Lo" and "Expert ki Suno sahi Chuno" is fit for My Company Profiles. Its products for Best for Future Benefits.

Job security - Good

+4 more

Dislikes

Company Target were going higher side so unable to Achive. and salary and insentive is very low about to cost cutting. Training part is very poor. HR Hireing is just Filling the Blanks.

see more salary related reviews

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Salary Discussions, Hike & Promotions

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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ManipalCigna Health Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at ManipalCigna Health Insurance ?

The average salary of a Business Development Manager at ManipalCigna Health Insurance in India typically ranges from ₹2.9 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 5 years to 10 years).

The top 10% of Business Development Manager at ManipalCigna Health Insurance earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Business Development Manager Salaries at ManipalCigna Health Insurance 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 4 ManipalCigna Health Insurance employees in India.

What is the estimated take home salary of a Business Development Manager at ManipalCigna Health Insurance in India?

The estimated take-home salary of a Business Development Manager at ManipalCigna Health Insurance in India typically ranges from ₹25,150 to ₹26,587 per month. This is based on the average salary range of ₹2.9 Lakhs to ₹4.0 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 4 salaries received from various employees of ManipalCigna Health Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than ManipalCigna Health Insurance for Business Development Manager in India?

Liberty General Insurance	₹6.0 Lakhs to ₹26.0 Lakhs per year
Magma HDI General Insurance	₹6.2 Lakhs to ₹13.6 Lakhs per year
Allianz Partners	₹7.8 Lakhs to ₹10.0 Lakhs per year
Cholamandalam MS General Insurance	₹2.8 Lakhs to ₹13.5 Lakhs per year
Medi Assist India	₹4.5 Lakhs to ₹11.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ManipalCigna Health Insurance, depending on the role and experience level.

What is the salary of a Business Development Manager in companies similar to ManipalCigna Health Insurance in India?

The salary of a Business Development Manager at companies similar to ManipalCigna Health Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aegon Life Insurance	₹4.0 Lakhs to ₹8.0 Lakhs per year
Future Generali India Life Insurance	₹3.5 Lakhs to ₹7.0 Lakhs per year
Paramount Health Services Tpa	₹3.7 Lakhs to ₹7.0 Lakhs per year
Axis Max Life Insurance	₹2.0 Lakhs to ₹7.3 Lakhs per year
Star Union Dai-ichi Life Insurance	₹2.3 Lakhs to ₹9.0 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 ManipalCigna Health Insurance in India?

The salary growth for a Business Development Manager at ManipalCigna Health Insurance depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at ManipalCigna Health Insurance:

Experience	Average Salary Range
5 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
6 years	₹2.8 Lakhs to ₹3.6 Lakhs per year
7 years	₹3.0 Lakhs to ₹3.8 Lakhs per year
8 years	₹3.2 Lakhs to ₹4.1 Lakhs per year

and so on.

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ManipalCigna Health Insurance Business Development Manager Salaries

ManipalCigna Health Insurance Business Development Manager salary in India ranges between ₹2.9 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ManipalCigna Health Insurance latest salaries received from various employees of ManipalCigna Health Insurance.

ManipalCigna Health Insurance Business Development Manager salaries in India

Companies similar to ManipalCigna Health Insurance for Business Development Manager

Latest annual salaries shared by ManipalCigna Health Insurance Business Development Manager

Experience wise ManipalCigna Health Insurance Business Development Manager salaries

Similar Designation salaries in ManipalCigna Health Insurance

Salary related reviews for ManipalCigna Health Insurance

Relationship Manager in Kolkata

Relationship Manager in Bhopal

Agency Manager in Tirupati

Assistant Manager in Mumbai

Senior Key Agency Manager in Ludhiana

ManipalCigna Health Insurance Business Development Manager Salary FAQs

Tell us how to improve this page.