SBI General Insurance Business Development Manager Salaries by 500+ Employees (Updated 2024)

0 - 10 years exp.

₹1.6 Lakh - ₹5.3 Lakhs

Salary of majority employees

51% less than the average Business Development Manager Salary in Insurance Companies for 0 - 10 years of experience

Interested in this particular role? 12 job openings

Last Updated: 16 Dec 2024

Companies similar to SBI General Insurance for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Business Development Manager Salary 0 - 13 years exp. (92 salaries)	₹2.1 L/yr - ₹9.1 L/yr 13% more
HDFC Ergo General Insurance Business Development Manager Salary 1 - 9 years exp. (17 salaries)	₹2.7 L/yr - ₹6.5 L/yr 12% more
Login to view exact salary
Bajaj Allianz General Insurance Business Development Manager Salary 3 - 12 years exp. (98 salaries)	₹3.5 L/yr - ₹7 L/yr 37% more	17 job openings
Tata AIG Business Development Manager Salary 2 - 10 years exp. (19 salaries)	₹3.1 L/yr - ₹6.2 L/yr 20% more
SBI Life Insurance Company Business Development Manager Salary 0 - 14 years exp. (944 salaries)	₹1.9 L/yr - ₹7 L/yr 31% more	1 job opening
HDFC Life Business Development Manager Salary 0 - 11 years exp. (1.4k salaries)	₹1.5 L/yr - ₹4.8 L/yr 3% less	12 job openings
Bajaj Allianz Life Insurance Business Development Manager Salary 0 - 15 years exp. (214 salaries)	₹3 L/yr - ₹6 L/yr 17% more
ICICI Prudential Life Insurance Business Development Manager Salary 0 - 10 years exp. (361 salaries)	₹1.7 L/yr - ₹5.5 L/yr 3% more
Max Life Insurance Business Development Manager Salary 2 - 10 years exp. (203 salaries)	₹2.2 L/yr - ₹7.3 L/yr 39% more	4 job openings
Star Union Dai-ichi Life Insurance Business Development Manager Salary 3 - 12 years exp. (75 salaries)	₹2.3 L/yr - ₹9 L/yr 23% more	9 job openings
Kotak Mahindara Life Insurance Business Development Manager Salary 3 - 13 years exp. (97 salaries)	₹2 L/yr - ₹10.7 L/yr 61% more	5 job openings
Login to view exact salary
Aditya Birla Sun Life Insurance Business Development Manager Salary 0 - 12 years exp. (133 salaries)	₹2.8 L/yr - ₹6.5 L/yr 15% more
Shriram Life Insurance Business Development Manager Salary 0 - 10 years exp. (93 salaries)	₹2 L/yr - ₹6 L/yr 14% less	2 job openings
Aditya Birla Health Insurance Co Business Development Manager Salary 1 - 13 years exp. (89 salaries)	₹3.4 L/yr - ₹5.8 L/yr 25% more
Reliance Nippon Life Insurance Business Development Manager Salary 1 - 13 years exp. (60 salaries)	₹1.5 L/yr - ₹6 L/yr 13% more
Cholamandalam MS General Insurance Business Development Manager Salary 1 - 15 years exp. (57 salaries)	₹3.2 L/yr - ₹13 L/yr 117% more
Care Health Insurance Business Development Manager Salary 2 - 17 years exp. (27 salaries)	₹2.7 L/yr - ₹8.5 L/yr 22% more
Tata AIA Life Insurance Business Development Manager Salary 2 - 12 years exp. (30 salaries)	₹2 L/yr - ₹7 L/yr 6% more
Future Generali India Life Insurance Business Development Manager Salary 0 - 16 years exp. (36 salaries)	₹3.5 L/yr - ₹7.3 L/yr 43% more

Business Development Manager salary at SBI General Insurance ranges between ₹1.6 Lakh to ₹5.3 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 582 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Business Development Manager salaries

Last Updated: 16 Dec 2024

Experience	Avg Annual Salary
Fresher (95 salaries)	₹1.6 L/yr - ₹4 L/yr
1 year (75 salaries)	₹2 L/yr - ₹4.6 L/yr
Login to view exact salary
2 years (72 salaries)	₹1.6 L/yr - ₹4.6 L/yr
3 years (76 salaries)	₹2 L/yr - ₹4.6 L/yr
4 years (84 salaries)	₹1.9 L/yr - ₹4.8 L/yr
5 years (74 salaries)	₹2.2 L/yr - ₹5 L/yr
6 years (41 salaries)	₹2.5 L/yr - ₹5 L/yr
7 years (32 salaries)	₹2.9 L/yr - ₹5 L/yr
8 years (21 salaries)	₹3.4 L/yr - ₹5.3 L/yr
9 years (7 salaries)	₹3.5 L/yr - ₹4.5 L/yr
10 years (5 salaries)	₹3.3 L/yr - ₹4.5 L/yr

View all

From

Business Development Manager

0 - 10 years exp.

Assistant Manager

0 - 10 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in SBI General Insurance

Senior Business Development Manager Salary

(285 salaries)

₹3.4 L/yr - ₹8 L/yr

Business Development Associate Salary

(40 salaries)

₹1.95 L/yr - ₹3.5 L/yr

Business Development Executive Salary

(33 salaries)

₹2 L/yr - ₹3.75 L/yr

Business Manager Salary

(5 salaries)

₹4 L/yr - ₹15.1 L/yr

Zonal Sales Manager Salary

(4 salaries)

₹23 L/yr - ₹33 L/yr

Assistant Sales Manager Salary

(4 salaries)

₹5.56 L/yr - ₹7.85 L/yr

Senior Business Development Executive Salary

(4 salaries)

₹3.75 L/yr - ₹6 L/yr

Senior Sales Manager Salary

(14 salaries)

₹4.4 L/yr - ₹6.15 L/yr

Area Sales Manager Salary

(85 salaries)

₹7.5 L/yr - ₹24.55 L/yr

Territory Sales Manager Salary

(61 salaries)

₹3.95 L/yr - ₹10.8 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 Bancassurance Insurance Sales Insurance Health Insurance

Salary related reviews for SBI General Insurance

3.1

Rated by 64 employees for salary & benefits

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.

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.

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.

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.

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.

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 .

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

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.

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

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?

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?

Business Development Manager salary at SBI General Insurance in India ranges between ₹1.6 Lakhs to ₹5.3 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 51% less than the average Business Development Manager Salary in India. Salary estimates are based on 582 latest salaries received from various employees of SBI General Insurance India.

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

The average salary of a Business Development Manager at SBI General Insurance is 51% less than the average salary of a Business Development Manager in India. 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 India.

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

Cholamandalam MS General Insurance Business Development Manager Salary - ₹3.2 Lakhs to ₹13.0 Lakhs per year
Kotak Mahindara Life Insurance Business Development Manager Salary - ₹2.0 Lakhs to ₹10.7 Lakhs per year
Future Generali India Life Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.3 Lakhs per year
Max Life Insurance Business Development Manager Salary - ₹2.2 Lakhs to ₹7.3 Lakhs per year
Bajaj Allianz General Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year

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

SBI Life Insurance Company Business Development Manager Salary - ₹1.9 Lakhs to ₹7.0 Lakhs per year
Aditya Birla Health Insurance Co Business Development Manager Salary - ₹3.4 Lakhs to ₹5.8 Lakhs per year
Star Union Dai-ichi Life Insurance Business Development Manager Salary - ₹2.3 Lakhs to ₹9.0 Lakhs per year
Care Health Insurance Business Development Manager Salary - ₹2.7 Lakhs to ₹8.5 Lakhs per year
Tata AIG Business Development Manager Salary - ₹3.1 Lakhs to ₹6.2 Lakhs per year

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

The estimated take-home salary of a Business Development Manager at SBI General Insurance ranges between ₹27,003 per month to ₹28,411 per month in India. The take-home salary calculation is based on the average SBI General Insurance Business Development Manager salary in India which ranges between ₹1.6 Lakhs to ₹5.3 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 36% of the SBI General Insurance Business Development Managers reported a notice period of 1 Month, 36% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 127 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

SBI General Insurance Business Development Manager Salaries by Location

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

SBI General Insurance Business Development Manager salary in India ranges between ₹1.6 Lakh to ₹5.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 582 SBI General Insurance latest salaries received from various employees of SBI General Insurance.

SBI General Insurance Business Development Manager salaries in India

Companies similar to SBI General Insurance for Business Development Manager

Latest annual salaries shared by SBI General Insurance Business Development Manager

Experience wise SBI General Insurance Business Development Manager salaries

Similar Designation salaries in SBI General Insurance

Top skills at SBI General Insurance for Business Development Manager

Salary related reviews for SBI General Insurance

Business Development Manager in Gorakhpur

Business Development Manager in Yavatmal

Business Development Manager in Gorakhpur

Business Development Manager in Vijayawada

Sales Manager in Gwalior

SBI General Insurance Business Development Manager Salary FAQs

Tell us how to improve this page.

SBI General Insurance Business Development Manager Salaries by Location