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3.7

based on 1.7k Reviews

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SBI General Insurance Senior Business Development Manager salaries in Mumbai (Updated 2025)

Annual salary range
3 - 11 years exp.
₹4.3 Lakhs - ₹6.6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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44% less than the average Senior Business Development Manager Salary in Insurance Companies for 3 - 11 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Senior Business Development Manager Salary
3 - 10 years exp. (19 salaries)
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₹4.8 L/yr - ₹6.6 L/yr

BFSI, Investments & Trading
Senior Business Development Manager Salary
8 - 9 years exp. (6 salaries)
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₹4.4 L/yr - ₹6 L/yr

Customer Success, Service & Operations
Senior Business Development Manager Salary
9 years exp. (AmbitionBox Estimate)
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₹5 L/yr - ₹6.2 L/yr

Last Updated: 11 Mar 2025

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

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SBI General Insurance Senior Business Development Manager Salary

3 - 11 years exp. (35 salaries)
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₹4.3 L/yr - ₹6.6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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SBI Life Insurance Company Senior Business Development Manager Salary

5 - 12 years exp. (23 salaries)
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₹3.8 L/yr - ₹8.5 L/yr

arrow icon 3% more
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Bajaj Allianz Life Insurance Senior Business Development Manager Salary

2 - 7 years exp. (11 salaries)
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₹4 L/yr - ₹6 L/yr

arrow icon 20% less
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IndusInd Bank Senior Business Development Manager Salary

0 - 8 years exp. (30 salaries)
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₹4 L/yr - ₹5 L/yr

arrow icon 25% less
 164 job openings
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MakeMyTrip Senior Business Development Manager Salary

0 - 6 years exp. (19 salaries)
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₹6 L/yr - ₹10 L/yr

arrow icon 38% more
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Pegasus InfoCorp Senior Business Development Manager Salary

4 - 20 years exp. (16 salaries)
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₹8.5 L/yr - ₹15 L/yr

arrow icon 120% 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.

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

1mo ago
₹5.3 Lakhs
6 years exp.
1mo ago
₹5.8 Lakhs
7 years exp.
2mo ago
₹6.5 Lakhs
9 years exp.
7mo ago
₹6.2 Lakhs
8 years exp.
7mo ago
₹5 Lakhs
9 years exp.
10mo ago
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9 years exp.
1y ago
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3 years exp.
1y ago
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6 years exp.
1y ago
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8 years exp.
1y ago
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9 years exp.

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

Last Updated: 11 Mar 2025

Experience Avg Annual Salary
3 years  (3 salaries)

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₹2.2 L/yr - ₹6.5 L/yr
4 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6.4 L/yr
5 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹6.5 L/yr
6 years  (5 salaries)

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₹5.3 L/yr - ₹6.3 L/yr
7 years  (3 salaries)

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₹4.3 L/yr - ₹6 L/yr
View all

Similar Designation salaries in SBI General Insurance

Business Development Manager Salary
(18 salaries)
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₹2.8 L/yr - ₹4.5 L/yr
Territory Sales Manager Salary
(4 salaries)
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₹6.5 L/yr - ₹9.95 L/yr
Senior Sales Manager Salary
(3 salaries)
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₹4.5 L/yr - ₹6 L/yr

Top skills at SBI General Insurance for Senior Business Development Manager

General Insurance Bancassurance Salesforce Business Development Health Health Insurance Agent Recruitment Insurance Agency Channel General Insurance Sales SME General Insurance Team Building Sales Life Insurance

Salary related reviews for SBI General Insurance

2.4

Rated by 2 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

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What people are saying about SBI General Insurance

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miraculouslemon
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2w
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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 Senior Business Development Manager Salary FAQs

What is the salary of Senior Business Development Manager at SBI General Insurance in Mumbai?
The average salary of a Senior Business Development Manager at SBI General Insurance in Mumbai typically ranges from ₹4.3 Lakhs to ₹6.6 Lakhs per year, depending on experience (from 3 years to 11 years).

The top 10% of Senior Business Development Manager in Mumbai at SBI General Insurance earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.6 Lakhs per year. Senior Business Development Manager 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 30+ SBI General Insurance employees in India.
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 in Mumbai typically ranges from ₹44,490 to ₹45,589 per month. This is based on the average salary range of ₹4.3 Lakhs to ₹6.6 Lakhs per year for employees with experience ranging from 3 years to 11 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 30+ 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 Senior Business Development Manager at SBI General Insurance in Mumbai?
To be a Senior Business Development Manager at SBI General Insurance in Mumbai, the key skills required include:

  • - General Insurance
  • - Bancassurance
  • - Salesforce
  • - Business Development
  • - Health

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 Senior Business Development Manager in India?
Pegasus InfoCorp ₹8.5 Lakhs to ₹15.0 Lakhs per year
MakeMyTrip ₹6.0 Lakhs to ₹10.0 Lakhs per year
SBI Life Insurance Company ₹3.8 Lakhs to ₹8.5 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 Senior Business Development Manager in companies similar to SBI General Insurance in Mumbai?
The salary of a Senior Business Development Manager at companies similar to SBI General Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance ₹4.0 Lakhs to ₹6.0 Lakhs per year
IndusInd Bank ₹4.0 Lakhs to ₹5.0 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 Senior Business Development Manager at SBI General Insurance in Mumbai?
The salary growth for a Senior Business Development Manager at SBI General Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Business Development Manager in Mumbai can expect the following growth trajectory at SBI General Insurance:

Experience Average Salary Range
3 years ₹2.2 Lakhs to ₹6.5 Lakhs per year
4 years ₹5.0 Lakhs to ₹6.4 Lakhs per year
5 years ₹5.1 Lakhs to ₹6.5 Lakhs per year
6 years ₹5.3 Lakhs to ₹6.3 Lakhs per year
and so on.

Tell us how to improve this page.

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 ₹unlock blur. Salary estimates are based on 35 SBI General Insurance latest salaries received from various employees of SBI General Insurance.