SBI General Insurance Business Development Specialist Salaries by 20+ Employees (Updated 2025)

1 - 10 years exp.

₹6.2 Lakhs - ₹10.4 Lakhs

Salary of majority employees

35% more than the average Business Development Specialist Salary in Insurance Companies for 1 - 10 years of experience

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Salaries in different departments

Sales & Business Development Business Development Specialist Salary 1 - 10 years exp. (17 salaries)	₹6.5 L/yr - ₹10.4 L/yr
BFSI, Investments & Trading Business Development Specialist Salary 2 - 7 years exp. (AmbitionBox Estimate)	₹7.7 L/yr - ₹9 L/yr
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Customer Success, Service & Operations Business Development Specialist Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹8.1 L/yr

Last Updated: 20 Feb 2025

Companies similar to SBI General Insurance for Business Development Specialist

Company name	Avg Annual Salary	Open Jobs
Udaan Business Development Specialist Salary 1 - 10 years exp. (120 salaries)	₹2.6 L/yr - ₹5.1 L/yr 52% less
Tsl Consulting Business Development Specialist Salary 0 - 3 years exp. (63 salaries)	₹2 L/yr - ₹3.7 L/yr 69% less
Login to view exact salary
LivSpace Business Development Specialist Salary 4 - 11 years exp. (31 salaries)	₹5 L/yr - ₹10.8 L/yr 6% more	1 job opening
TSL Marketing Business Development Specialist Salary 0 - 2 years exp. (26 salaries)	₹1.7 L/yr - ₹3.3 L/yr 69% less
Open Financial Technologies Private Limited Business Development Specialist Salary 0 - 6 years exp. (24 salaries)	₹4 L/yr - ₹10.5 L/yr 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.

Experience wise SBI General Insurance Business Development Specialist salaries

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
1 year (5 salaries)	₹8 L/yr - ₹10.4 L/yr
2 years (3 salaries)	₹3.3 L/yr - ₹9.3 L/yr
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3 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.5 L/yr
4 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹10 L/yr
5 years (5 salaries)	₹6.2 L/yr - ₹8.5 L/yr
6 years (3 salaries)	₹7 L/yr - ₹8.3 L/yr
7 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹14.1 L/yr
8 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹13.9 L/yr
9 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹13.7 L/yr
10 years (AmbitionBox Estimate)	₹3 L/yr - ₹7.5 L/yr

View all

Similar Designation salaries in SBI General Insurance

Business Development Executive Salary

(30 salaries)

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Business Development Associate Salary

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Senior Business Development Executive Salary

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Senior Business Development Manager Salary

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Business Manager Salary

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Senior Sales Executive Salary

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Zonal Sales Manager Salary

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Assistant Sales Manager Salary

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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

3.4

Rated by 7 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..

Salary - Bad

+6 more

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

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

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.

Salary - Excellent

+6 more

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SBI General Insurance Business Development Specialist Salary FAQs

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

Business Development Specialist salary at SBI General Insurance in India ranges between ₹6.2 Lakhs to ₹10.4 Lakhs for experience between 1 years to 10 years. According to our estimates it is 35% more than the average Business Development Specialist Salary in India. Salary estimates are based on 23 latest salaries received from various employees of SBI General Insurance India.

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

The average salary of a Business Development Specialist at SBI General Insurance is 35% more than the average salary of a Business Development Specialist in India. To know exact salary insights, login to view.

What are the top skills required to work as a Business Development Specialist at SBI General Insurance?

SME, General Insurance, Revenue Generation, New Business Development and Contract Negotiations are some of the popular skills required to work as a Business Development Specialist at SBI General Insurance India.

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

LivSpace Business Development Specialist Salary - ₹5.0 Lakhs to ₹10.8 Lakhs per year

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

Open Financial Technologies Private Limited Business Development Specialist Salary - ₹4.0 Lakhs to ₹10.5 Lakhs per year
Udaan Business Development Specialist Salary - ₹2.6 Lakhs to ₹5.1 Lakhs per year
Tsl Consulting Business Development Specialist Salary - ₹2.0 Lakhs to ₹3.7 Lakhs per year
TSL Marketing Business Development Specialist Salary - ₹1.7 Lakhs to ₹3.3 Lakhs per year

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 ranges between ₹58,178 per month to ₹59,643 per month in India. The take-home salary calculation is based on the average SBI General Insurance Business Development Specialist salary in India which ranges between ₹6.2 Lakhs to ₹10.4 Lakhs per year for employees with experience between 1 years to 10 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 82% of the SBI General Insurance Business Development Specialists reported a notice period of 3 Months, 10% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 39 responses on AmbitionBox in last 2 years.

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SBI General Insurance Business Development Specialist Salaries by Location

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SBI General Insurance Business Development Specialist Salaries

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

SBI General Insurance Business Development Specialist salaries in India

Companies similar to SBI General Insurance for Business Development Specialist

Latest annual salaries shared by SBI General Insurance Business Development Specialist

Experience wise SBI General Insurance Business Development Specialist salaries

Similar Designation salaries in SBI General Insurance

Top skills at SBI General Insurance for Business Development Specialist

Salary related reviews for SBI General Insurance

Business Development Specialist in Kolkata

Area Sales Manager in Ratlam

Business Development Manager in Gorakhpur

Business Development Manager in Gorakhpur

Sales Manager in Gwalior

SBI General Insurance Business Development Specialist Salary FAQs

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SBI General Insurance Business Development Specialist Salaries by Location