Max Life Insurance Senior Business Development Manager Salaries by 10+ Employees (Updated 2024)

4 - 18 years exp.

₹4.2 Lakhs - ₹8.2 Lakhs

Salary of majority employees

41% less than the average Senior Business Development Manager Salary in Insurance Companies for 4 - 18 years of experience

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Salaries in different departments

Sales & Business Development Senior Business Development Manager Salary 4 - 18 years exp. (8 salaries)	₹5.3 L/yr - ₹7.8 L/yr
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BFSI, Investments & Trading Senior Business Development Manager Salary 13 - 18 years exp. (5 salaries)	₹5.5 L/yr - ₹7.7 L/yr

Last Updated: 20 Oct 2024

Companies similar to Max Life Insurance for Senior Business Development Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Senior Business Development Manager Salary 1 - 5 years exp. (8 salaries)	₹2.8 L/yr - ₹5 L/yr 34% less
HDFC Life Senior Business Development Manager Salary 1 - 15 years exp. (9 salaries)	₹2.7 L/yr - ₹5 L/yr 37% less
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SBI Life Insurance Company Senior Business Development Manager Salary 4 - 13 years exp. (232 salaries)	₹3 L/yr - ₹8.5 L/yr 12% less
Bajaj Allianz Life Insurance Senior Business Development Manager Salary 0 - 14 years exp. (230 salaries)	₹4 L/yr - ₹6.6 L/yr 30% less
Kotak Mahindara Life Insurance Senior Business Development Manager Salary 4 - 9 years exp. (8 salaries)	₹3.6 L/yr - ₹6.5 L/yr 15% less
Reliance Nippon Life Insurance Senior Business Development Manager Salary 4 - 8 years exp. (4 salaries)	₹4.4 L/yr - ₹4.9 L/yr 25% less
Aditya Birla Sun Life Insurance Senior Business Development Manager Salary 4 - 15 years exp. (5 salaries)	₹10.5 L/yr - ₹13 L/yr 80% more
PNB MetLife Senior Business Development Manager Salary 4 - 18 years exp. (12 salaries)	₹4.1 L/yr - ₹7.8 L/yr 6% less
SBI General Insurance Senior Business Development Manager Salary 3 - 12 years exp. (282 salaries)	₹3.4 L/yr - ₹8 L/yr 17% less
ICICI Lombard General Insurance Company Senior Business Development Manager Salary 3 - 15 years exp. (39 salaries)	₹3.8 L/yr - ₹14 L/yr 41% more
Star Union Dai-ichi Life Insurance Senior Business Development Manager Salary 1 - 6 years exp. (26 salaries)	₹2.6 L/yr - ₹3.7 L/yr 54% less
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Cholamandalam MS General Insurance Senior Business Development Manager Salary 4 - 12 years exp. (3 salaries)	₹7.5 L/yr - ₹12.4 L/yr 75% more
Aditya Birla Health Insurance Co Senior Business Development Manager Salary 1 - 13 years exp. (4 salaries)	₹4.2 L/yr - ₹12 L/yr 34% more

Senior Business Development Manager salary at Max Life Insurance ranges between ₹4.2 Lakhs to ₹8.2 Lakhs per year for employees with experience between 4 years to 18 years. Salary estimates are based on 17 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Senior Business Development Manager salaries

Last Updated: 20 Oct 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.3 L/yr
5 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹11.4 L/yr
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6 years (3 salaries)	₹5.3 L/yr - ₹7 L/yr
7 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
8 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
9 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹11.6 L/yr
10 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.5 L/yr
11 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹6.8 L/yr
12 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.2 L/yr
13 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹11.8 L/yr
14 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.6 L/yr
15+ years (5 salaries)	₹5.5 L/yr - ₹7.8 L/yr

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Top skills at Max Life Insurance for Senior Business Development Manager

Recruitment Sales Performance Management Proposal Development Relationship Management Business Development Management Business Development Monitoring Direct Sales IRDA Sales Process Financial Services Marketing Supervision Key Account Management

Salary related reviews for Max Life Insurance

4.2

Rated by 7 employees for salary & benefits

Deputy Manager in Kolkata

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 05 Jan 2024

1.0

for Salary and Benefits

Likes

To be very honest . Leaders are not at all good. They don’t treat people with respect. Just Bogus Company I ever worked with.

Dislikes

Everything. Full of Politics. Managers and leaders are not at all good.. Doesn’t provide Exact salary. And the KRA’s don’t match what they said during Interview.

Sales Manager in New Delhi

Full Time

Sales Department

2.0

• posted on 26 Nov 2022

2.0

for Salary and Benefits

Likes

...hing About Likes and dislike as company is not my Girlfriend or spouse to love There is only one rule once you perform for any company company will pay. Once you are not favourite for your manager you have to leave the company. No employee want to change the job real truth is employee change their manager.

Business Development Manager in Meerut

Sales & Business Development Department

1.0

• posted on 05 Feb 2022

1.0

for Salary and Benefits

Likes

... after that also your job never be secured. And boss behaviour is very pathetic. They hold salary also. Very bad experience.

Business Development Manager in Tirunelveli

Marketing & Communication Department

5.0

• posted on 12 Apr 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Dislikes

Branch Manager

Sales BD Department

5.0

• posted on 21 Dec 2018

5.0

for Salary and Benefits

Likes

It was very nice expierence to work with Max,very good teammates, nice growth appraisal excellent good salary Yes there is politics ay higher level high mode learning as per industry standards. It was turning point of my life.

Dislikes

Nothing Nothing Nothing

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Max Life Insurance Senior Business Development Manager Salary FAQs

What is the salary of Senior Business Development Manager at Max Life Insurance?

Senior Business Development Manager salary at Max Life Insurance in India ranges between ₹4.2 Lakhs to ₹8.2 Lakhs for experience between 4 years to 18 years. According to our estimates it is 41% less than the average Senior Business Development Manager Salary in India. Salary estimates are based on 17 latest salaries received from various employees of Max Life Insurance India.

How does the salary of a Senior Business Development Manager at Max Life Insurance India compare with the average salary range for this job?

The average salary of a Senior Business Development Manager at Max Life Insurance is 41% less than the average salary of a Senior Business Development Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Senior Business Development Manager at Max Life Insurance?

Recruitment, Sales, Performance Management, Proposal Development and Relationship Management are some of the popular skills required to work as a Senior Business Development Manager at Max Life Insurance India.

Which similar companies are paying more than Max Life Insurance to a Senior Business Development Manager in India?

Aditya Birla Sun Life Insurance Senior Business Development Manager Salary - ₹10.5 Lakhs to ₹13.0 Lakhs per year
Cholamandalam MS General Insurance Senior Business Development Manager Salary - ₹7.5 Lakhs to ₹12.4 Lakhs per year
ICICI Lombard General Insurance Company Senior Business Development Manager Salary - ₹3.8 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Health Insurance Co Senior Business Development Manager Salary - ₹4.2 Lakhs to ₹12.0 Lakhs per year

What is the salary of a Senior Business Development Manager in companies similar to Max Life Insurance in India?

PNB MetLife Senior Business Development Manager Salary - ₹4.1 Lakhs to ₹7.8 Lakhs per year
SBI Life Insurance Company Senior Business Development Manager Salary - ₹3.0 Lakhs to ₹8.5 Lakhs per year
Kotak Mahindara Life Insurance Senior Business Development Manager Salary - ₹3.6 Lakhs to ₹6.5 Lakhs per year
SBI General Insurance Senior Business Development Manager Salary - ₹3.4 Lakhs to ₹8.0 Lakhs per year
Reliance Nippon Life Insurance Senior Business Development Manager Salary - ₹4.4 Lakhs to ₹4.9 Lakhs per year

What is the estimated take home salary of a Senior Business Development Manager at Max Life Insurance in India?

The estimated take-home salary of a Senior Business Development Manager at Max Life Insurance ranges between ₹49,715 per month to ₹50,889 per month in India. The take-home salary calculation is based on the average Max Life Insurance Senior Business Development Manager salary in India which ranges between ₹4.2 Lakhs to ₹8.2 Lakhs per year for employees with experience between 4 years to 18 years. Check how did we calculate take home salary?

What is the notice period for Senior Business Development Manager at Max Life Insurance?

According to AmbitionBox, 69% of the Max Life Insurance Senior Business Development Managers reported a notice period of 1 Month, 31% reported a notice period of 2 Months.This is based on 13 responses on AmbitionBox in last 2 years.

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Max Life Insurance Senior Business Development Manager Salaries

Max Life Insurance Senior Business Development Manager salary in India ranges between ₹4.2 Lakhs to ₹8.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 17 Max Life Insurance latest salaries received from various employees of Max Life Insurance.