SBI General Insurance Mumbai Senior Business Development Manager Salaries by 30+ Employees (Updated 2025)

3 - 11 years exp.

₹4.3 Lakhs - ₹6.6 Lakhs

Salary of majority employees

46% less than the average Senior Business Development Manager Salary in Insurance Companies for 3 - 11 years of experience

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Salaries in different departments

Sales & Business Development Senior Business Development Manager Salary 3 - 10 years exp. (19 salaries)	₹4.8 L/yr - ₹6.6 L/yr
BFSI, Investments & Trading Senior Business Development Manager Salary 8 - 9 years exp. (6 salaries)	₹4.4 L/yr - ₹6 L/yr
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Customer Success, Service & Operations Senior Business Development Manager Salary 9 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹5.9 L/yr

Last Updated: 18 Feb 2025

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

SBI General Insurance Senior Business Development Manager Salary

3 - 11 years exp. (35 salaries)

₹4.3 L/yr - ₹6.6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Senior Business Development Manager Salary 5 - 13 years exp. (4 salaries)	₹7 L/yr - ₹12.9 L/yr 69% more
SBI Life Insurance Company Senior Business Development Manager Salary 5 - 12 years exp. (23 salaries)	₹3.8 L/yr - ₹8.5 L/yr 6% more
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Bajaj Allianz Life Insurance Senior Business Development Manager Salary 2 - 7 years exp. (12 salaries)	₹4 L/yr - ₹6.5 L/yr 13% less
IndusInd Bank Senior Business Development Manager Salary 0 - 8 years exp. (30 salaries)	₹4 L/yr - ₹5 L/yr 22% less
MakeMyTrip Senior Business Development Manager Salary 1 - 6 years exp. (19 salaries)	₹4.5 L/yr - ₹9 L/yr 44% more

Senior Business Development Manager salary at SBI General Insurance ranges between ₹4.3 Lakhs to ₹6.6 Lakhs per year for employees with experience between 3 years to 11 years. Salary estimates are based on 35 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Senior Business Development Manager salaries in Mumbai

Last Updated: 18 Feb 2025

Experience	Avg Annual Salary
3 years (3 salaries)	₹2.1 L/yr - ₹6.5 L/yr
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹6.6 L/yr
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5 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.5 L/yr
6 years (5 salaries)	₹5.3 L/yr - ₹6.3 L/yr
7 years (3 salaries)	₹4.3 L/yr - ₹6 L/yr
8 years (8 salaries)	₹4.7 L/yr - ₹6.4 L/yr
9 years (10 salaries)	₹4.4 L/yr - ₹6.5 L/yr
10 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹10.5 L/yr
11 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹10.6 L/yr

View all

Similar Designation salaries in SBI General Insurance

Business Development Manager Salary

(17 salaries)

₹2.8 L/yr - ₹4.5 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 Senior Business Development Manager

Health Health Insurance General Insurance Agent Recruitment Agency Channel General Insurance Sales SME General Insurance Team Building Sales Insurance Sales Sales Agency Sales SME Sales Agency Sales

Salary related reviews for SBI General Insurance

2.4

Rated by 2 employees for salary & benefits

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

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

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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SBI General Insurance Senior Business Development Manager Salary FAQs

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

Senior Business Development Manager salary at SBI General Insurance in Mumbai ranges between ₹4.3 Lakhs to ₹6.6 Lakhs for experience between 3 years to 11 years. According to our estimates it is 46% less than the average Senior Business Development Manager Salary in India. Salary estimates are based on 35 latest salaries received from various employees of SBI General Insurance Mumbai.

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

The average salary of a Senior Business Development Manager at SBI General Insurance is 46% less than the average salary of a Senior Business Development Manager in Mumbai. To know exact salary insights, login to view.

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

Health, Health Insurance, General Insurance, Agent Recruitment and Agency Channel are some of the popular skills required to work as a Senior Business Development Manager at SBI General Insurance Mumbai.

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

ICICI Lombard General Insurance Company Senior Business Development Manager Salary - ₹7.0 Lakhs to ₹12.9 Lakhs per year
MakeMyTrip Senior Business Development Manager Salary - ₹4.5 Lakhs to ₹9.0 Lakhs per year
SBI Life Insurance Company Senior Business Development Manager Salary - ₹3.8 Lakhs to ₹8.5 Lakhs per year

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

Bajaj Allianz Life Insurance Senior Business Development Manager Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year
IndusInd Bank Senior Business Development Manager Salary - ₹4.0 Lakhs to ₹5.0 Lakhs per year

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

The estimated take-home salary of a Senior Business Development Manager at SBI General Insurance ranges between ₹42,684 per month to ₹43,809 per month in Mumbai. The take-home salary calculation is based on the average SBI General Insurance Senior Business Development Manager salary in India which ranges between ₹4.3 Lakhs to ₹6.6 Lakhs per year for employees with experience between 3 years to 11 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 47% of the SBI General Insurance Senior Business Development Managers in Mumbai reported a notice period of 3 Months, 29% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 17 responses on AmbitionBox in last 2 years.

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SBI General Insurance Senior Business Development Manager Salaries in Mumbai

SBI General Insurance Senior Business Development Manager salary in Mumbai ranges between ₹4.3 Lakhs to ₹6.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 35 SBI General Insurance latest salaries received from various employees of SBI General Insurance.

SBI General Insurance Senior Business Development Manager salaries in Mumbai

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

Latest annual salaries shared by SBI General Insurance Senior Business Development Manager in Mumbai

Experience wise SBI General Insurance Senior Business Development Manager salaries in Mumbai

Similar Designation salaries in SBI General Insurance

Top skills at SBI General Insurance for Senior Business Development Manager

Salary related reviews for SBI General Insurance

Area Sales Manager in Ratlam

Business Development Manager in Gorakhpur

Business Development Manager in Gorakhpur

Sales Manager in Gwalior

Business Development Manager in Vijayawada

SBI General Insurance Senior Business Development Manager Salary FAQs

Tell us how to improve this page.