SBI General Insurance Business Development Associate Salaries by 40+ Employees (Updated 2025)

0 - 6 years exp.

₹1.9 Lakh - ₹3.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Monthly In-hand Salary

51% less than the average Business Development Associate Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

Sales & Business Development Business Development Associate Salary 0 - 6 years exp. (21 salaries)	₹2.4 L/yr - ₹3.5 L/yr
BFSI, Investments & Trading Business Development Associate Salary 0 - 5 years exp. (7 salaries)	₹2.1 L/yr - ₹3 L/yr
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Customer Success, Service & Operations Business Development Associate Salary 1 - 5 years exp. (6 salaries)	₹2.3 L/yr - ₹3 L/yr
Finance & Accounting Business Development Associate Salary 1 - 4 years exp. (3 salaries)	₹2 L/yr - ₹3.5 L/yr
Marketing & Communication Business Development Associate Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.5 L/yr

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Last Updated: 22 Mar 2025

Companies similar to SBI General Insurance for Business Development Associate

Company name	Avg Annual Salary	Open Jobs
Star Union Dai-ichi Life Insurance Business Development Associate Salary 2 - 8 years exp. (67 salaries)	₹2.4 L/yr - ₹4.4 L/yr 35% more
Axis Max Life Insurance Business Development Associate Salary 4 - 7 years exp. (6 salaries)	₹3.5 L/yr - ₹4.9 L/yr 61% more
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ICICI Prudential Life Insurance Business Development Associate Salary 0 - 2 years exp. (5 salaries)	₹3 L/yr - ₹4.7 L/yr 46% more
HDFC Life Business Development Associate Salary 0 - 6 years exp. (5 salaries)	₹2.3 L/yr - ₹8 L/yr 76% more
Tata AIA Life Insurance Business Development Associate Salary 0 - 11 years exp. (4 salaries)	₹2.5 L/yr - ₹5 L/yr 41% more
Allianz Partners Business Development Associate Salary 2 - 5 years exp. (4 salaries)	₹4 L/yr - ₹4.6 L/yr 63% more
Bajaj Allianz Life Insurance Business Development Associate Salary Fresher (4 salaries)	₹1 L/yr - ₹4 L/yr 7% more
SBI Life Insurance Company Business Development Associate Salary 0 - 6 years exp. (4 salaries)	₹2.3 L/yr - ₹4.5 L/yr 30% more
Kotak Mahindara Life Insurance Business Development Associate Salary 1 - 11 years exp. (4 salaries)	₹4 L/yr - ₹11 L/yr 115% more
Cholamandalam MS General Insurance Business Development Associate Salary 5 - 7 years exp. (3 salaries)	₹4 L/yr - ₹7.2 L/yr 92% more
Star Health & Allied Insurance Business Development Associate Salary 0 - 1 year exp. (3 salaries)	₹2.1 L/yr - ₹3 L/yr 9% less
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Business Development Associate salary at SBI General Insurance ranges between ₹1.9 Lakh to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 47 latest salaries received from various employees of SBI General Insurance.

Latest annual salaries shared by SBI General Insurance Business Development Associate

2w ago

₹3.5 Lakhs

4 years exp.

3w ago

₹3.5 Lakhs

3 years exp.

3w ago

₹2.8 Lakhs

6 years exp.

1mo ago

₹2.1 Lakhs

1 month exp.

1mo ago

₹3 Lakhs

4 years exp.

2mo ago

1 year exp.

5mo ago

4 years exp.

5mo ago

3 years exp.

5mo ago

4 years exp.

5mo ago

3 years exp.

Experience wise SBI General Insurance Business Development Associate salaries

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
Fresher (4 salaries)	₹1.9 L/yr - ₹4.9 L/yr
1 year (6 salaries)	₹2.5 L/yr - ₹3.5 L/yr
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2 years (7 salaries)	₹2.2 L/yr - ₹3.5 L/yr
3 years (13 salaries)	₹2 L/yr - ₹3.5 L/yr
4 years (9 salaries)	₹2.2 L/yr - ₹3.5 L/yr
5 years (6 salaries)	₹2.2 L/yr - ₹3 L/yr
6 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr

View all

Similar Designation salaries in SBI General Insurance

Senior Business Development Associate Salary

(AmbitionBox Estimate)

₹4 L/yr - ₹5.1 L/yr

Business Development Officer Salary

(4 salaries)

₹2.8 L/yr - ₹8 L/yr

Business Development Manager Salary

(604 salaries)

₹1.6 L/yr - ₹5.3 L/yr

Business Development Executive Salary

(35 salaries)

₹2 L/yr - ₹4.5 L/yr

Business Development Representative Salary

(25 salaries)

₹2.85 L/yr - ₹3.87 L/yr

Senior Business Development Executive Salary

(4 salaries)

₹3.75 L/yr - ₹6 L/yr

Business Executive Salary

(3 salaries)

₹3 L/yr - ₹3.3 L/yr

Business Analyst Salary

(15 salaries)

₹4 L/yr - ₹12 L/yr

Sales Associate Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Inside Sales Executive Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Top skills at SBI General Insurance for Business Development Associate

Sales and Marketing Cold Calling B2C Sales Sales Development

Salary related reviews for SBI General Insurance

3.5

Rated by 19 employees for salary & benefits

Business Development Manager in Gorakhpur

Full Time

Business Development Department

2.0

• posted on 17 Sep 2022

2.0

for Salary and Benefits

Likes

Like you can say... Working with branch managers , can see yourself always professional . People will treat you like banker.

Job security - Good

Dislikes

No growth and promotion No good salary Not ethical practices followed. Your boss treat you like slave... Officially as per HR policy every Saturday is off... But you have to work on each Saturday as per your boss. Nothing to learn .

Salary - Poor

+4 more

Business Development Manager in Gorakhpur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 29 Apr 2023

3.0

for Salary and Benefits

Likes

Salary on time. Banca channel target goes on auto mode if you have good relationship with managers.

Job security - Good

+1 more

Dislikes

Overloaded targets, terrible managers. Considering Insurance sectors, plenty of works in your working time.Unwanted VCs by senior that can disturb your work flow each day. Salary is very less compared to other companies.

Skill development - Bad

+2 more

Sales Manager in Gwalior

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 05 Jul 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.

Salary - Excellent

+6 more

Business Development Manager in Vijayawada

Full Time

Insurance Department

5.0

• posted on 07 Jun 2021

4.0

for Salary and Benefits

Likes

...agement 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 , incentives and bonus every year

Salary - Good

+6 more

Relationship Manager in Gulbarga

Customer Success, Service & Operations Department

5.0

• posted on 16 Mar 2022

4.0

for Salary and Benefits

Likes

It my pleasure to work with Reputed company like SBIG, As we grow old here we learn soo many things about banking as,it's very friendly atmosphere to work there .

Salary - Good

+5 more

Dislikes

Here we see lot of ups and downs and unhappy with Salary hike ,and Soo much off technical issues ....and when things start going gud tat time only company doo one or other changes..... that will impact soo much

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about SBI General Insurance

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miraculouslemon

works at

SBI General Insurance

Rejection profile by HR At shortlisted company.

Hii, I want to change the industry from BFSI to oil and and automobile. But Hr is not shortlisting me and if HR shortlist me than o don’t get shortlisted by concerned manager. even I have knowledge and work experience in particular industry. How can I crack this now.

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SBI General Insurance Business Development Associate Salary FAQs

What is the salary of Business Development Associate at SBI General Insurance ?

The average salary of a Business Development Associate at SBI General Insurance in India typically ranges from ₹1.9 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Business Development Associate at SBI General Insurance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Business Development Associate Salaries at SBI General 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 40+ SBI General Insurance employees in India.

What is the estimated take home salary of a Business Development Associate at SBI General Insurance in India?

The estimated take-home salary of a Business Development Associate at SBI General Insurance in India typically ranges from ₹19,349 to ₹21,022 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher to 6 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 40+ salaries received from various employees of SBI General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Business Development Associate at SBI General Insurance ?

To be a Business Development Associate at SBI General Insurance in india, the key skills required include:

- Sales and Marketing
- Cold Calling
- B2C Sales
- Sales Development

These skills are highly valued at SBI General Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than SBI General Insurance for Business Development Associate in India?

Kotak Mahindara Life Insurance	₹4.0 Lakhs to ₹11.0 Lakhs per year
Cholamandalam MS General Insurance	₹4.0 Lakhs to ₹7.2 Lakhs per year
HDFC Life	₹2.3 Lakhs to ₹8.0 Lakhs per year
Allianz Partners	₹4.0 Lakhs to ₹4.6 Lakhs per year
Axis Max Life Insurance	₹3.5 Lakhs to ₹4.9 Lakhs per year

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

What is the salary of a Business Development Associate in companies similar to SBI General Insurance in India?

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

ICICI Prudential Life Insurance	₹3.0 Lakhs to ₹4.7 Lakhs per year
Tata AIA Life Insurance	₹2.5 Lakhs to ₹5.0 Lakhs per year
Star Union Dai-ichi Life Insurance	₹2.4 Lakhs to ₹4.4 Lakhs per year
SBI Life Insurance Company	₹2.3 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz Life Insurance	₹1.0 Lakhs to ₹4.0 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 Associate at SBI General Insurance in India?

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

Experience	Average Salary Range
Fresher	₹1.9 Lakhs to ₹4.9 Lakhs per year
1 year	₹2.5 Lakhs to ₹3.5 Lakhs per year
2 years	₹2.2 Lakhs to ₹3.5 Lakhs per year
3 years	₹2.0 Lakhs to ₹3.5 Lakhs per year

and so on.

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SBI General Insurance Business Development Associate Salaries by Location

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SBI General Insurance Business Development Associate Salaries

SBI General Insurance Business Development Associate salary in India ranges between ₹1.9 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 47 SBI General Insurance latest salaries received from various employees of SBI General Insurance.

SBI General Insurance Business Development Associate salaries in India (Updated 2025)

Companies similar to SBI General Insurance for Business Development Associate

Latest annual salaries shared by SBI General Insurance Business Development Associate

Experience wise SBI General Insurance Business Development Associate salaries

Similar Designation salaries in SBI General Insurance

Top skills at SBI General Insurance for Business Development Associate

Salary related reviews for SBI General Insurance

Business Development Manager in Gorakhpur

Business Development Manager in Gorakhpur

Sales Manager in Gwalior

Business Development Manager in Vijayawada

Relationship Manager in Gulbarga

SBI General Insurance Business Development Associate Salary FAQs

Tell us how to improve this page.

SBI General Insurance Business Development Associate Salaries by Location