SBI General Insurance Mumbai Business Development Manager Salaries by 10+ Employees (Updated 2025)

0 - 7 years exp.

₹2.8 Lakhs - ₹4.5 Lakhs

Salary of majority employees

50% less than the average Business Development Manager Salary in Insurance Companies for 0 - 7 years of experience

Interested in this particular role? 9 job openings

Salaries in different departments

BFSI, Investments & Trading Business Development Manager Salary 4 - 7 years exp. (3 salaries)	₹3.8 L/yr - ₹4.4 L/yr
Sales & Business Development Business Development Manager Salary 3 - 7 years exp. (3 salaries)	₹3.2 L/yr - ₹4.1 L/yr
Login to view exact salary
Customer Success, Service & Operations Business Development Manager Salary 0 - 5 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹4 L/yr
Marketing & Communication Business Development Manager Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹3.9 L/yr

Last Updated: 26 Jan 2025

Companies similar to SBI General Insurance for Business Development Manager in Mumbai

SBI General Insurance Business Development Manager Salary

0 - 7 years exp. (17 salaries)

₹2.8 L/yr - ₹4.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Business Development Manager Salary 4 - 12 years exp. (6 salaries)	₹4.2 L/yr - ₹7.5 L/yr 13% more
Tata AIG Business Development Manager Salary 2 - 7 years exp. (5 salaries)	₹3.1 L/yr - ₹5.7 L/yr 21% more
Login to view exact salary
HDFC Life Business Development Manager Salary 0 - 10 years exp. (189 salaries)	₹1.9 L/yr - ₹5 L/yr 2% less	14 job openings
Aditya Birla Sun Life Insurance Business Development Manager Salary 0 - 12 years exp. (25 salaries)	₹4.1 L/yr - ₹5 L/yr 17% more
Bajaj Allianz Life Insurance Business Development Manager Salary 0 - 14 years exp. (23 salaries)	₹3.7 L/yr - ₹5.5 L/yr 21% more	2 job openings
Max Life Insurance Business Development Manager Salary 2 - 9 years exp. (14 salaries)	₹4 L/yr - ₹7 L/yr 35% more	4 job openings
Kotak Mahindara Life Insurance Business Development Manager Salary 4 - 12 years exp. (9 salaries)	₹3.7 L/yr - ₹8.2 L/yr 79% more	2 job openings
Cholamandalam MS General Insurance Business Development Manager Salary 5 - 13 years exp. (8 salaries)	₹4.5 L/yr - ₹13 L/yr 143% more
Star Union Dai-ichi Life Insurance Business Development Manager Salary 4 - 7 years exp. (6 salaries)	₹3.9 L/yr - ₹6.4 L/yr 55% more	8 job openings
Future Generali India Life Insurance Business Development Manager Salary 3 - 8 years exp. (5 salaries)	₹5 L/yr - ₹7 L/yr 51% more
Reliance Nippon Life Insurance Business Development Manager Salary 3 - 10 years exp. (4 salaries)	₹4 L/yr - ₹6 L/yr 28% more
Login to view exact salary
Shriram Life Insurance Business Development Manager Salary 0 - 10 years exp. (3 salaries)	₹2.4 L/yr - ₹4 L/yr 11% less
Gallagher Business Development Manager Salary 4 - 14 years exp. (3 salaries)	₹10 L/yr - ₹10.8 L/yr 175% more

Business Development Manager salary at SBI General Insurance ranges between ₹2.8 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 17 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Business Development Manager salaries in Mumbai

Last Updated: 26 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.3 L/yr - ₹4 L/yr
1 year (AmbitionBox Estimate)	₹2.8 L/yr - ₹6 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.2 L/yr
3 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4 L/yr
4 years (4 salaries)	₹3.2 L/yr - ₹4.5 L/yr
5 years (4 salaries)	₹3.2 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.9 L/yr
7 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.3 L/yr

View all

Similar Designation salaries in SBI General Insurance

Senior Business Development Manager Salary

(34 salaries)

₹4.25 L/yr - ₹6.6 L/yr

Area Sales Manager Salary

(5 salaries)

₹11 L/yr - ₹17 L/yr

Territory Sales Manager Salary

(4 salaries)

₹6.5 L/yr - ₹9.95 L/yr

Senior Sales Manager Salary

(3 salaries)

₹4.5 L/yr - ₹6 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 Agency Sales Insurance Broking Health Insurance Bancassurance Insurance Sales Insurance

Salary related reviews for SBI General Insurance

3.0

Rated by 1 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

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

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.

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.

Area Sales Manager in Ratlam

Full Time

Security Services Department

4.0

• posted on 06 Jan 2025

1.0

for Salary and Benefits

Likes

The company is good, the atmosphere and staff are also good and I want to work in this company for a long time.

Skill development - Good

+3 more

Dislikes

I am getting very less salary as compared to my hard work so my salary should be increased

Salary - Bad

+1 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

Got a question about SBI General Insurance?

Ask anonymously on communities.

SBI General Insurance Business Development Manager Salary FAQs

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

Business Development Manager salary at SBI General Insurance in Mumbai ranges between ₹2.8 Lakhs to ₹4.5 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 50% less than the average Business Development Manager Salary in India. Salary estimates are based on 17 latest salaries received from various employees of SBI General Insurance Mumbai.

How does the salary of a Business Development Manager at SBI General Insurance Mumbai compare with the average salary range for this job?

The average salary of a Business Development Manager at SBI General Insurance is 50% 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 SBI General Insurance?

General Insurance, Business Development, Health Insurance, Sales Development and Motor Insurance are some of the popular skills required to work as a Business Development Manager at SBI General Insurance Mumbai.

Which similar companies are paying more than SBI General Insurance to a Business Development Manager in Mumbai?

Gallagher Business Development Manager Salary - ₹10.0 Lakhs to ₹10.8 Lakhs per year
Cholamandalam MS General Insurance Business Development Manager Salary - ₹4.5 Lakhs to ₹13.0 Lakhs per year
Kotak Mahindara Life Insurance Business Development Manager Salary - ₹3.7 Lakhs to ₹8.2 Lakhs per year
Star Union Dai-ichi Life Insurance Business Development Manager Salary - ₹3.9 Lakhs to ₹6.4 Lakhs per year
Future Generali India Life Insurance Business Development Manager Salary - ₹5.0 Lakhs to ₹7.0 Lakhs per year

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

Max Life Insurance Business Development Manager Salary - ₹4.0 Lakhs to ₹7.0 Lakhs per year
Reliance Nippon Life Insurance Business Development Manager Salary - ₹4.0 Lakhs to ₹6.0 Lakhs per year
Tata AIG Business Development Manager Salary - ₹3.1 Lakhs to ₹5.7 Lakhs per year
Bajaj Allianz Life Insurance Business Development Manager Salary - ₹3.7 Lakhs to ₹5.5 Lakhs per year
Aditya Birla Sun Life Insurance Business Development Manager Salary - ₹4.1 Lakhs to ₹5.0 Lakhs per year

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

The estimated take-home salary of a Business Development Manager at SBI General Insurance ranges between ₹27,367 per month to ₹28,771 per month in Mumbai. The take-home salary calculation is based on the average SBI General Insurance Business Development Manager salary in India which ranges between ₹2.8 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

What is the notice period for Business Development Manager at SBI General Insurance in Mumbai?

According to AmbitionBox, 55% of the SBI General Insurance Business Development Managers in Mumbai reported a notice period of 2 Months, 27% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 11 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
SBI General Insurance Salaries >
SBI General Insurance Business Development Manager Salaries >
SBI General Insurance Business Development Manager Salaries in Mumbai

SBI General Insurance Business Development Manager salary in Mumbai ranges between ₹2.8 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 17 SBI General Insurance latest salaries received from various employees of SBI General Insurance.