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3.7

based on 1.7k Reviews

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

Annual salary range
1 - 10 years exp.
₹6.2 Lakhs - ₹10.4 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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34% more than the average Business Development Specialist Salary in Insurance Companies for 1 - 10 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Business Development Specialist Salary
1 - 10 years exp. (17 salaries)
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₹6.5 L/yr - ₹10.4 L/yr

BFSI, Investments & Trading
Business Development Specialist Salary
2 - 7 years exp. (AmbitionBox Estimate)
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₹7.7 L/yr - ₹9 L/yr

Customer Success, Service & Operations
Business Development Specialist Salary
4 - 5 years exp. (AmbitionBox Estimate)
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₹7 L/yr - ₹8.1 L/yr

Last Updated: 15 Mar 2025

Companies similar to SBI General Insurance for Business Development Specialist

Company name Avg Annual Salary Open Jobs
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Udaan Business Development Specialist Salary

1 - 10 years exp. (119 salaries)
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₹2.6 L/yr - ₹5.1 L/yr

arrow icon 52% less
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Tsl Consulting Business Development Specialist Salary

0 - 2 years exp. (69 salaries)
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₹2 L/yr - ₹4 L/yr

arrow icon 67% less
Logo
LivSpace Business Development Specialist Salary

1 - 11 years exp. (48 salaries)
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₹5.8 L/yr - ₹10.8 L/yr

arrow icon 2% more
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TSL Marketing Business Development Specialist Salary

0 - 2 years exp. (26 salaries)
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₹1.7 L/yr - ₹3.3 L/yr

arrow icon 69% less
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Open Financial Technologies Private Limited Business Development Specialist Salary

0 - 6 years exp. (24 salaries)
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₹4 L/yr - ₹10.5 L/yr

arrow icon 17% less
Business Development Specialist salary at SBI General Insurance ranges between ₹6.2 Lakhs to ₹10.4 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 23 latest salaries received from various employees of SBI General Insurance.

Latest annual salaries shared by SBI General Insurance Business Development Specialist

1w ago
₹9.3 Lakhs
2 years exp.
3w ago
₹7.8 Lakhs
6 years exp.
1mo ago
₹8.5 Lakhs
5 years exp.
1mo ago
₹7.7 Lakhs
7 years exp.
2mo ago
₹8 Lakhs
1 year exp.
2mo ago
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4 years exp.
2mo ago
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10 years exp.
3mo ago
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1 year exp.
3mo ago
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9 years exp.
3mo ago
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5 years exp.

Experience wise SBI General Insurance Business Development Specialist salaries

Last Updated: 15 Mar 2025

Experience Avg Annual Salary
1 year  (5 salaries)

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₹8 L/yr - ₹10.4 L/yr
2 years  (3 salaries)

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₹3.3 L/yr - ₹9.3 L/yr
3 years (AmbitionBox Estimate)

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₹7.4 L/yr - ₹9.5 L/yr
4 years (AmbitionBox Estimate)

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₹7.3 L/yr - ₹10 L/yr
5 years  (5 salaries)

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₹6.2 L/yr - ₹8.5 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
Senior Business Development Executive Salary
(4 salaries)
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₹3.75 L/yr - ₹6 L/yr
Senior Business Development Manager Salary
(177 salaries)
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₹3.5 L/yr - ₹8 L/yr
Business Manager Salary
(5 salaries)
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₹4 L/yr - ₹15.1 L/yr
Senior Sales Executive Salary
(4 salaries)
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₹4.4 L/yr - ₹6 L/yr
Zonal Sales Manager Salary
(4 salaries)
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₹23 L/yr - ₹33 L/yr
Sales Executive Salary
(35 salaries)
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₹1.9 L/yr - ₹4.3 L/yr
Assistant Sales Manager Salary
(7 salaries)
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₹4.5 L/yr - ₹7.85 L/yr

Top skills at SBI General Insurance for Business Development Specialist

SME General Insurance Revenue Generation New Business Development Contract Negotiations Relationship Management Client Relationship Management Stock Broking Marketing Strategy

Salary related reviews for SBI General Insurance

3.0

Rated by 6 employees for salary & benefits

Business Development Specialist in Kolkata

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 04 Oct 2024
1.0
 for  Salary and Benefits

Likes

Nothing...

Dislikes

No work culture, No work life balance, No salary structure, Unnecessary salary deduction with no reason, No HR policies, No support Overall useless and worthless company, can lead to mental issues and health issues if worked here... Do not join..

read more
  • Salary - Bad
    • +6 more

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
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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1w
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 Specialist Salary FAQs

What is the salary of Business Development Specialist at SBI General Insurance ?
The average salary of a Business Development Specialist at SBI General Insurance in India typically ranges from ₹6.2 Lakhs to ₹10.4 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Business Development Specialist at SBI General Insurance earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.4 Lakhs per year. Business Development Specialist 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 Specialist at SBI General Insurance in India?
The estimated take-home salary of a Business Development Specialist at SBI General Insurance in India typically ranges from ₹58,178 to ₹59,643 per month. This is based on the average salary range of ₹6.2 Lakhs to ₹10.4 Lakhs per year for employees with experience ranging from 1 year 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 Specialist at SBI General Insurance ?
To be a Business Development Specialist at SBI General Insurance in india, the key skills required include:

  • - SME
  • - General Insurance
  • - Revenue Generation
  • - New Business Development
  • - Contract Negotiations

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 Specialist in India?
LivSpace ₹5.8 Lakhs to ₹10.8 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 Specialist in companies similar to SBI General Insurance in India?
The salary of a Business Development Specialist at companies similar to SBI General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Open Financial Technologies Private Limited ₹4.0 Lakhs to ₹10.5 Lakhs per year
Udaan ₹2.6 Lakhs to ₹5.1 Lakhs per year
Tsl Consulting ₹2.0 Lakhs to ₹4.0 Lakhs per year
TSL Marketing ₹1.7 Lakhs to ₹3.3 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 Specialist at SBI General Insurance in India?
The salary growth for a Business Development Specialist at SBI General Insurance depends on factors such as experience, performance, and promotions. On average, a Business Development Specialist can expect the following growth trajectory at SBI General Insurance:

Experience Average Salary Range
1 year ₹8.0 Lakhs to ₹10.4 Lakhs per year
2 years ₹3.3 Lakhs to ₹9.3 Lakhs per year
3 years ₹7.4 Lakhs to ₹9.5 Lakhs per year
4 years ₹7.3 Lakhs to ₹10.0 Lakhs per year
and so on.

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SBI General Insurance Business Development Specialist Salaries by Location

SBI General Insurance Business Development Specialist salary in India ranges between ₹6.2 Lakhs to ₹10.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 23 SBI General Insurance latest salaries received from various employees of SBI General Insurance.