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based on 1.7k Reviews

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SBI General Insurance Business Development Manager salaries in Hyderabad / Secunderabad (Updated 2025)

Annual salary range
0 - 10 years exp.
₹2.1 Lakhs - ₹5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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48% less than the average Business Development Manager Salary in Insurance Companies for 0 - 10 years of experience

Interested in this particular role? 13 job openings

Salaries in different departments

BFSI, Investments & Trading
Business Development Manager Salary
1 - 6 years exp. (8 salaries)
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₹2.2 L/yr - ₹4.4 L/yr

Sales & Business Development
Business Development Manager Salary
0 - 7 years exp. (8 salaries)
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₹2.5 L/yr - ₹5 L/yr

Finance & Accounting
Business Development Manager Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.2 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
Fresher (AmbitionBox Estimate)
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₹2.1 L/yr - ₹4.2 L/yr

Marketing & Communication
Business Development Manager Salary
4 years exp. (AmbitionBox Estimate)
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₹3.3 L/yr - ₹4.2 L/yr

Last Updated: 4 Apr 2025

Companies similar to SBI General Insurance for Business Development Manager in Hyderabad / Secunderabad

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SBI General Insurance Business Development Manager Salary

0 - 10 years exp. (28 salaries)
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₹2.1 L/yr - ₹5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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SBI Life Insurance Company Business Development Manager Salary

0 - 13 years exp. (104 salaries)
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₹2.2 L/yr - ₹6.5 L/yr

arrow icon 28% more
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Bajaj Allianz Life Insurance Business Development Manager Salary

2 - 11 years exp. (13 salaries)
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₹3.5 L/yr - ₹6 L/yr

arrow icon 19% more
 2 job openings
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Axis Max Life Insurance Business Development Manager Salary

2 - 9 years exp. (11 salaries)
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₹3.9 L/yr - ₹6.1 L/yr

arrow icon 37% more
 3 job openings
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Kotak Mahindara Life Insurance Business Development Manager Salary

2 - 7 years exp. (5 salaries)
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₹4.8 L/yr - ₹8 L/yr

arrow icon 64% more
 1 job opening
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Aditya Birla Sun Life Insurance Business Development Manager Salary

1 - 7 years exp. (4 salaries)
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₹4 L/yr - ₹5 L/yr

arrow icon 11% more
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Aditya Birla Health Insurance Co Business Development Manager Salary

5 - 6 years exp. (3 salaries)
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₹4.7 L/yr - ₹5.5 L/yr

arrow icon 31% more
Business Development Manager salary at SBI General Insurance ranges between ₹2.1 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 28 latest salaries received from various employees of SBI General Insurance.

Latest annual salaries shared by SBI General Insurance Business Development Manager in Hyderabad / Secunderabad

1w ago
₹4.2 Lakhs
4 years exp.
1mo ago
₹3.3 Lakhs
10 years exp.
4mo ago
₹3.6 Lakhs
2 years exp.
4mo ago
₹4.4 Lakhs
6 years exp.
5mo ago
₹4 Lakhs
7 years exp.
6mo ago
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7 years exp.
7mo ago
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5 years exp.
7mo ago
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2 years exp.
9mo ago
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4 years exp.
9mo ago
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3 years exp.

Experience wise SBI General Insurance Business Development Manager salaries in Hyderabad / Secunderabad

Last Updated: 4 Apr 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.8 L/yr
1 year  (3 salaries)

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₹2.3 L/yr - ₹6.1 L/yr
2 years  (8 salaries)

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₹2.2 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr
4 years  (4 salaries)

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₹3.2 L/yr - ₹4.2 L/yr
View all

Similar Designation salaries in SBI General Insurance

Senior Business Development Manager Salary
(11 salaries)
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₹3.75 L/yr - ₹6.5 L/yr
Territory Sales Manager Salary
(6 salaries)
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₹5.5 L/yr - ₹10.8 L/yr
Area Sales Manager Salary
(4 salaries)
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₹14.62 L/yr - ₹21 L/yr
Business Development Executive Salary
(3 salaries)
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₹3.19 L/yr - ₹3.5 L/yr
Business Development Associate Salary
(3 salaries)
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₹2.4 L/yr - ₹3.5 L/yr

Top skills at SBI General Insurance for Business Development Manager

General Insurance Business Development Health Insurance Sales Development Motor Insurance Sales Agency Channel General Insurance Sales Agent Recruitment Health Insurance Agency Sales Insurance Broking Bancassurance General Insurance Insurance Sales

Salary related reviews for SBI General Insurance

3.5

Rated by 5 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.

read more
  • 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 .

read more
  • 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.

read more
  • 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.

read more
  • Skill development - Bad
    • +2 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

read more
  • Salary - Good
    • +6 more

Business Development Manager in Yavatmal

BFSI, Investments & Trading Department

5.0
  •  posted on 16 Jun 2021
3.0
 for  Salary and Benefits

Likes

... helped me for booking businesses and other time, the management is transparent. Appraisal are also fair, but some places I demotivate due to my salary and expenses incentives. Appraisals are fair by management.

read more
  • Skill development - Good
    • +5 more

Dislikes

Salary is soon poor related to job, it means working time is alot but salary is low. How can I submit my expenses from joining date to till today I am unable to submit my expenses and not sure it will approve or not. Incentives are made on the basis of budgets, my salary is very low I can not manage my family expenses from my salary what should I do. But I like this job because I am with a brand SBI General Insurance and happy with my work.

read 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.

read more
  • Salary - Excellent
    • +6 more
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
Verified Icon
2w
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 Manager Salary FAQs

What is the salary of Business Development Manager at SBI General Insurance in Hyderabad / Secunderabad?
The average salary of a Business Development Manager at SBI General Insurance in Hyderabad / Secunderabad typically ranges from ₹2.1 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Business Development Manager in Hyderabad / Secunderabad at SBI General Insurance earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Business Development Manager 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 20+ SBI General Insurance employees in India.
What is the estimated take home salary of a Business Development Manager at SBI General Insurance in Hyderabad / Secunderabad?
The estimated take-home salary of a Business Development Manager at SBI General Insurance in Hyderabad / Secunderabad typically ranges from ₹27,564 to ₹28,964 per month. This is based on the average salary range of ₹2.1 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher 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 20+ 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 Manager at SBI General Insurance in Hyderabad / Secunderabad?
To be a Business Development Manager at SBI General Insurance in Hyderabad / Secunderabad, the key skills required include:

  • - General Insurance
  • - Business Development
  • - Health Insurance
  • - Sales Development
  • - Motor Insurance

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 Manager in India?
Kotak Mahindara Life Insurance ₹4.8 Lakhs to ₹8.0 Lakhs per year
Axis Max Life Insurance ₹3.9 Lakhs to ₹6.1 Lakhs per year
Aditya Birla Health Insurance Co ₹4.7 Lakhs to ₹5.5 Lakhs per year
SBI Life Insurance Company ₹2.2 Lakhs to ₹6.5 Lakhs per year
Bajaj Allianz Life Insurance ₹3.5 Lakhs to ₹6.0 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 Manager in companies similar to SBI General Insurance in Hyderabad / Secunderabad?
The salary of a Business Development Manager at companies similar to SBI General Insurance in Hyderabad / Secunderabad varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Sun Life Insurance ₹4.0 Lakhs to ₹5.0 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 SBI General Insurance in Hyderabad / Secunderabad?
The salary growth for a Business Development Manager at SBI General Insurance in Hyderabad / Secunderabad depends on factors such as experience, performance, and promotions. On average, a Business Development Manager in Hyderabad / Secunderabad can expect the following growth trajectory at SBI General Insurance:

Experience Average Salary Range
Fresher ₹2.9 Lakhs to ₹3.8 Lakhs per year
1 year ₹2.3 Lakhs to ₹6.1 Lakhs per year
2 years ₹2.2 Lakhs to ₹4.0 Lakhs per year
3 years ₹3.2 Lakhs to ₹4.1 Lakhs per year
and so on.

Tell us how to improve this page.

SBI General Insurance Business Development Manager salary in Hyderabad / Secunderabad ranges between ₹2.1 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 28 SBI General Insurance latest salaries received from various employees of SBI General Insurance.