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Teammates and Immediate supervisor was excellent
Annual salary range
3 - 10 years exp.
₹4
Lakhs - ₹6
Lakhs
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detailed salary insights 
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary46% less than the average Business Development Manager Salary in Insurance Companies for 3 - 10 years of experience
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Salaries in different departments
BFSI, Investments & Trading
Business Development Manager Salary
3
years
exp.
(AmbitionBox Estimate)
|  ₹2.8 L/yr - ₹4.5 L/yr |
Login to view exact salary
| |
Finance & Accounting
Business Development Manager Salary
10
years
exp.
(AmbitionBox Estimate)
| ₹3.1 L/yr - ₹6 L/yr |
Companies similar to Reliance Nippon Life Insurance for Business Development Manager in Mumbai
Reliance Nippon Life Insurance
Business Development Manager Salary
3 - 10 years exp. (4 salaries) |  ₹4 L/yr - ₹6 L/yr |
vs
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 HDFC Life Business Development Manager Salary
0 - 10 years exp. (190 salaries) | ₹1.9 L/yr - ₹5 L/yr 
10%
less | 10 job openings |
 ICICI Prudential Life Insurance Business Development Manager Salary
2 - 6 years exp. (10 salaries) | ₹2.8 L/yr - ₹4 L/yr
5%
less | |
Login to view exact salary
| ||
 SBI Life Insurance Company Business Development Manager Salary
3 - 12 years exp. (59 salaries) | ₹3 L/yr - ₹7 L/yr 
32%
more | |
 Max Life Insurance Business Development Manager Salary
2 - 9 years exp. (13 salaries) | ₹4 L/yr - ₹7 L/yr
25%
more | 6 job openings |
 Bajaj Allianz Life Insurance Business Development Manager Salary
0 - 14 years exp. (23 salaries) | ₹3.7 L/yr - ₹5.5 L/yr
10%
more | 1 job opening |
 Aditya Birla Sun Life Insurance Business Development Manager Salary
0 - 12 years exp. (23 salaries) | ₹4.1 L/yr - ₹5 L/yr
11%
more | |
 Kotak Mahindara Life Insurance Business Development Manager Salary
4 - 12 years exp. (9 salaries) | ₹3.7 L/yr - ₹8.2 L/yr
61%
more | 4 job openings |
 ICICI Lombard General Insurance Company Business Development Manager Salary
4 - 12 years exp. (6 salaries) | ₹4.2 L/yr - ₹7.5 L/yr
14%
more | |
 Life Insurance Corporation of India Business Development Manager Salary
3 - 8 years exp. (5 salaries) | ₹2.8 L/yr - ₹6.5 L/yr
1%
less | |
 Care Health Insurance Business Development Manager Salary
5 - 17 years exp. (4 salaries) | ₹3.8 L/yr - ₹7.5 L/yr
22%
more | |
 Shriram Life Insurance Business Development Manager Salary
0 - 10 years exp. (3 salaries) | ₹2.4 L/yr - ₹4 L/yr
17%
less | |
Login to view exact salary
| ||
 Gallagher Business Development Manager Salary
4 - 14 years exp. (3 salaries) | ₹10 L/yr - ₹10.8 L/yr
155%
more | |
Business Development Manager salary at Reliance Nippon Life Insurance ranges between ₹4
Lakhs
to ₹6
Lakhs
per year for employees with experience between 3 years to 10 years. Salary
estimates are based on
4 latest salaries received
from various employees of Reliance Nippon Life Insurance.
Latest annual salaries shared by Reliance Nippon Life Insurance Business Development Manager in Mumbai
1y ago
6
years
exp.
1y ago
3
years
exp.
1y ago
5
years
exp.
1y ago
10
years
exp.
Experience wise Reliance Nippon Life Insurance Business Development Manager salaries in Mumbai
Last Updated: 28 Apr 2023
| Experience | Avg Annual Salary |
|---|---|
| 3 years (AmbitionBox Estimate) |
₹1.3
L/yr
- ₹4.5
L/yr
|
| 4 years (AmbitionBox Estimate) |
₹3.1
L/yr
- ₹4
L/yr
|
Login to view exact salary
| |
| 5 years (AmbitionBox Estimate) |
₹1.5
L/yr
- ₹4
L/yr
|
| 6 years (AmbitionBox Estimate) |
₹1.5
L/yr
- ₹4
L/yr
|
| 7 years (AmbitionBox Estimate) |
₹3.6
L/yr
- ₹4.6
L/yr
|
View all
Similar Designation salaries in Reliance Nippon Life Insurance
Top skills at Reliance Nippon Life Insurance for Business Development Manager
Sales
Life Insurance
Recruitment
Banking
Marketing
Team Handling
Insurance
Business Development
Financial Services
Team Leading
Agency Sales
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2w (edited)
a social media specialist
Salary Expectations
I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards.
I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high.
What should be the ideal salary expectation for someone with my experience in the current market?
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Reliance Nippon Life Insurance Business Development Manager Salary FAQs
What is the salary of Business Development Manager at Reliance Nippon Life Insurance Mumbai?
Business Development Manager salary at Reliance Nippon Life Insurance in Mumbai ranges between ₹4.0 Lakhs to ₹6.0 Lakhs for experience between 3 years to 10 years. According to our estimates it is 46% less than the average Business Development Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Reliance Nippon Life Insurance Mumbai.
How does the salary of a Business Development Manager at Reliance Nippon Life Insurance Mumbai compare with the average salary range for this job?
The average salary of a Business Development Manager at Reliance Nippon Life Insurance is 46% less than the average salary of a Business Development Manager in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Business Development Manager at Reliance Nippon Life Insurance?
Sales, Life Insurance, Recruitment, Banking and Marketing are some of the popular skills required to work as a Business Development Manager at Reliance Nippon Life Insurance Mumbai.
Which similar companies are paying more than Reliance Nippon Life Insurance to a Business Development Manager in Mumbai?
- Gallagher Business Development Manager Salary - ₹10.0 Lakhs to ₹10.8 Lakhs per year
- Kotak Mahindara Life Insurance Business Development Manager Salary - ₹3.7 Lakhs to ₹8.2 Lakhs per year
- SBI Life Insurance Company Business Development Manager Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year
- Max Life Insurance Business Development Manager Salary - ₹4.0 Lakhs to ₹7.0 Lakhs per year
- Care Health Insurance Business Development Manager Salary - ₹3.8 Lakhs to ₹7.5 Lakhs per year
What is the salary of a Business Development Manager in companies similar to Reliance Nippon Life Insurance in Mumbai?
- ICICI Lombard General Insurance Company Business Development Manager Salary - ₹4.2 Lakhs to ₹7.5 Lakhs per year
- Aditya Birla Sun Life Insurance Business Development Manager Salary - ₹4.1 Lakhs to ₹5.0 Lakhs per year
- Bajaj Allianz Life Insurance Business Development Manager Salary - ₹3.7 Lakhs to ₹5.5 Lakhs per year
- Life Insurance Corporation of India Business Development Manager Salary - ₹2.8 Lakhs to ₹6.5 Lakhs per year
- ICICI Prudential Life Insurance Business Development Manager Salary - ₹2.8 Lakhs to ₹4.0 Lakhs per year
What is the estimated take home salary of a Business Development Manager at Reliance Nippon Life Insurance in Mumbai?
The estimated take-home salary of a Business Development Manager at Reliance Nippon Life Insurance ranges between ₹29,793 per month to ₹31,111 per month in Mumbai. The take-home salary calculation is based on the average Reliance Nippon Life Insurance Business Development Manager salary in India which ranges between ₹4.0 Lakhs to ₹6.0 Lakhs per year for employees with experience between 3 years to 10 years. Check how did we calculate take home salary?
What is the notice period for Business Development Manager at Reliance Nippon Life Insurance in Mumbai?
According to AmbitionBox, 100% of the Reliance Nippon Life Insurance Business Development Managers in Mumbai reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.
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Reliance Nippon Life Insurance Business Development Manager salary
in
Mumbai
ranges between ₹4
Lakhs to ₹6
Lakhs with an average annual salary of
₹. Salary estimates are based on
4
Reliance Nippon Life Insurance latest salaries received from various employees of
Reliance Nippon Life Insurance.