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3.7

based on 1.7k Reviews

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

Annual salary range
0 - 7 years exp.
₹2.9 Lakhs - ₹3.9 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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43% less than the average Business Development Representative Salary in Insurance Companies for 0 - 7 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Business Development Representative Salary
0 - 6 years exp. (16 salaries)
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₹2.9 L/yr - ₹3.6 L/yr

BFSI, Investments & Trading
Business Development Representative Salary
0 - 2 years exp. (AmbitionBox Estimate)
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₹3.3 L/yr - ₹3.9 L/yr

Customer Success, Service & Operations
Business Development Representative Salary
Fresher (AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.3 L/yr

Last Updated: 18 Feb 2025

Companies similar to SBI General Insurance for Business Development Representative

Company name Avg Annual Salary Open Jobs
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HDFC Bank Business Development Representative Salary

0 - 5 years exp. (203 salaries)
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₹1.2 L/yr - ₹3.8 L/yr

arrow icon 23% less
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HDB Financial Services Business Development Representative Salary

0 - 5 years exp. (170 salaries)
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₹1.2 L/yr - ₹4 L/yr

arrow icon 31% less
Logo
Salesforce Business Development Representative Salary

0 - 6 years exp. (29 salaries)
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₹16 L/yr - ₹22 L/yr

arrow icon 467% more
Logo
Whatfix Business Development Representative Salary

0 - 4 years exp. (23 salaries)
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₹8 L/yr - ₹21 L/yr

arrow icon 328% more
 2 job openings
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BYJU'S Business Development Representative Salary

0 - 3 years exp. (22 salaries)
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₹3 L/yr - ₹10 L/yr

arrow icon 83% more
Business Development Representative salary at SBI General Insurance ranges between ₹2.9 Lakhs to ₹3.9 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 25 latest salaries received from various employees of SBI General Insurance.

Latest annual salaries shared by SBI General Insurance Business Development Representative

1mo ago
₹2.9 Lakhs
1 year exp.
1mo ago
₹2.9 Lakhs
7 years exp.
1mo ago
₹3.3 Lakhs
5 months exp.
1mo ago
₹3.3 Lakhs
5 months exp.
4mo ago
₹3.3 Lakhs
2 years exp.
4mo ago
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1 year exp.
4mo ago
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5 years exp.
4mo ago
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1 year exp.
4mo ago
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4 years exp.
5mo ago
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5 years exp.

Experience wise SBI General Insurance Business Development Representative salaries

Last Updated: 18 Feb 2025

Experience Avg Annual Salary
Fresher  (9 salaries)

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₹2.9 L/yr - ₹3.3 L/yr
1 year  (5 salaries)

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₹2.9 L/yr - ₹3.6 L/yr
2 years  (3 salaries)

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₹2.9 L/yr - ₹3.9 L/yr
3 years (AmbitionBox Estimate)

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₹3 L/yr - ₹5.8 L/yr
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹5.8 L/yr
View all

Similar Designation salaries in SBI General Insurance

Business Development Executive Salary
(35 salaries)
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₹2 L/yr - ₹4.5 L/yr
Business Development Associate Salary
(47 salaries)
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₹1.85 L/yr - ₹3.5 L/yr
Business Development Manager Salary
(604 salaries)
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₹1.6 L/yr - ₹5.3 L/yr
Business Development Officer Salary
(4 salaries)
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₹2.8 L/yr - ₹8 L/yr
Senior Business Development Executive Salary
(4 salaries)
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₹3.75 L/yr - ₹6 L/yr
Senior Business Development Associate Salary
(AmbitionBox Estimate)
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₹4 L/yr - ₹5.1 L/yr
Business Executive Salary
(3 salaries)
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₹3 L/yr - ₹3.3 L/yr
Business Analyst Salary
(15 salaries)
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₹4 L/yr - ₹12 L/yr
Inside Sales Executive Salary
(AmbitionBox Estimate)
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₹2.3 L/yr - ₹2.9 L/yr
Area Sales Executive Salary
(3 salaries)
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₹2.1 L/yr - ₹6.4 L/yr

Top skills at SBI General Insurance for Business Development Representative

General Insurance Insurance

Salary related reviews for SBI General Insurance

4.3

Rated by 15 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

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

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

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 .

read more
  • 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

read 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
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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 Representative Salary FAQs

What is the salary of Business Development Representative at SBI General Insurance ?
The average salary of a Business Development Representative at SBI General Insurance in India typically ranges from ₹2.9 Lakhs to ₹3.9 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Business Development Representative at SBI General Insurance earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹3.9 Lakhs per year. Business Development Representative 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 Representative at SBI General Insurance in India?
The estimated take-home salary of a Business Development Representative at SBI General Insurance in India typically ranges from ₹23,132 to ₹24,599 per month. This is based on the average salary range of ₹2.9 Lakhs to ₹3.9 Lakhs per year for employees with experience ranging from Fresher to 7 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 Representative at SBI General Insurance ?
To be a Business Development Representative at SBI General Insurance in india, the key skills required include:

  • - General Insurance
  • - 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 Representative in India?
Salesforce ₹16.0 Lakhs to ₹22.0 Lakhs per year
Whatfix ₹8.0 Lakhs to ₹21.0 Lakhs per year
BYJU'S ₹3.0 Lakhs to ₹10.0 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 Representative in companies similar to SBI General Insurance in India?
The salary of a Business Development Representative at companies similar to SBI General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Bank ₹1.2 Lakhs to ₹3.8 Lakhs per year
HDB Financial Services ₹1.2 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 Representative at SBI General Insurance in India?
The salary growth for a Business Development Representative at SBI General Insurance depends on factors such as experience, performance, and promotions. On average, a Business Development Representative can expect the following growth trajectory at SBI General Insurance:

Experience Average Salary Range
Fresher ₹2.9 Lakhs to ₹3.3 Lakhs per year
1 year ₹2.9 Lakhs to ₹3.6 Lakhs per year
2 years ₹2.9 Lakhs to ₹3.9 Lakhs per year
3 years ₹3.0 Lakhs to ₹5.8 Lakhs per year
and so on.

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SBI General Insurance Business Development Representative Salaries by Location

SBI General Insurance Business Development Representative salary in India ranges between ₹2.9 Lakhs to ₹3.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 25 SBI General Insurance latest salaries received from various employees of SBI General Insurance.