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3.7

based on 1.7k Reviews

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

Annual salary range
5 - 11 years exp.
₹8.2 Lakhs - ₹9.3 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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55% more than the average Senior Business Development Specialist Salary in Insurance Companies for 5 - 11 years of experience

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Last Updated: 3 Apr 2025

Companies similar to SBI General Insurance for Senior Business Development Specialist

Company name Avg Annual Salary Open Jobs
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Tsl Consulting Senior Business Development Specialist Salary

0 - 4 years exp. (17 salaries)
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₹2.5 L/yr - ₹3.5 L/yr

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AECOM Senior Business Development Specialist Salary

5 - 18 years exp. (5 salaries)
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₹7.5 L/yr - ₹11 L/yr

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Counsel India Senior Business Development Specialist Salary

1 - 6 years exp. (5 salaries)
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₹6.5 L/yr - ₹7 L/yr

arrow icon 23% less
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Talentica Software Senior Business Development Specialist Salary

5 - 9 years exp. (4 salaries)
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₹7.5 L/yr - ₹11.1 L/yr

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Directi Senior Business Development Specialist Salary

1 - 10 years exp. (4 salaries)
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₹5 L/yr - ₹13 L/yr

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Senior Business Development Specialist salary at SBI General Insurance ranges between ₹8.2 Lakhs to ₹9.3 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of SBI General Insurance.

Latest annual salaries shared by SBI General Insurance Senior Business Development Specialist

2d ago
₹9.1 Lakhs
5 years exp.
1mo ago
₹9.2 Lakhs
10 years exp.
4mo ago
₹9.3 Lakhs
11 years exp.
1y ago
₹8.2 Lakhs
5 years exp.

Experience wise SBI General Insurance Senior Business Development Specialist salaries

Last Updated: 3 Apr 2025

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹7.8 L/yr - ₹9.9 L/yr
6 years (AmbitionBox Estimate)

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₹7.9 L/yr - ₹10.1 L/yr
7 years (AmbitionBox Estimate)

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₹8 L/yr - ₹10.2 L/yr
8 years (AmbitionBox Estimate)

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₹8.1 L/yr - ₹10.3 L/yr
9 years (AmbitionBox Estimate)

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₹8.2 L/yr - ₹10.4 L/yr
View all

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Business Development Executive Salary
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₹2 L/yr - ₹4.5 L/yr
Business Development Associate Salary
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₹1.6 L/yr - ₹5.3 L/yr
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₹4.4 L/yr - ₹6 L/yr
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₹4.4 L/yr - ₹6.15 L/yr
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₹8.3 L/yr - ₹15 L/yr
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₹3.95 L/yr - ₹10.8 L/yr

Salary related reviews for SBI General Insurance

2.7

Rated by 3 employees for salary & benefits

Senior Business Development Specialist in Mumbai

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 29 Jan 2024
3.0
 for  Salary and Benefits

Likes

Work life balance little bit when company wants to keep employee otherwise nothing to like.

  • Work-life balance - Good

Dislikes

...ics and poor people management. No top management support No skills development Low salary package

read more
  • Skill development - Poor
    • +2 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

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What people are saying about SBI General Insurance

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miraculouslemon
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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 Specialist Salary FAQs

What is the salary of Senior Business Development Specialist at SBI General Insurance ?
The average salary of a Senior Business Development Specialist at SBI General Insurance in India typically ranges from ₹8.2 Lakhs to ₹9.3 Lakhs per year, depending on experience (from 5 years to 11 years).

The top 10% of Senior Business Development Specialist at SBI General Insurance earn more than ₹9.3 Lakhs per year, and the top 1% earn over ₹9.3 Lakhs per year. Senior 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 4 SBI General Insurance employees in India.
What is the estimated take home salary of a Senior Business Development Specialist at SBI General Insurance in India?
The estimated take-home salary of a Senior Business Development Specialist at SBI General Insurance in India typically ranges from ₹65,323 to ₹66,990 per month. This is based on the average salary range of ₹8.2 Lakhs to ₹9.3 Lakhs per year for employees with experience ranging from 5 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 4 salaries received from various employees of SBI General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than SBI General Insurance for Senior Business Development Specialist in India?
Directi ₹5.0 Lakhs to ₹13.0 Lakhs per year
AECOM ₹7.5 Lakhs to ₹11.0 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 Senior Business Development Specialist in companies similar to SBI General Insurance in India?
The salary of a Senior 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:

Talentica Software ₹7.5 Lakhs to ₹11.1 Lakhs per year
Counsel India ₹6.5 Lakhs to ₹7.0 Lakhs per year
Tsl Consulting ₹2.5 Lakhs to ₹3.5 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 Specialist at SBI General Insurance in India?
The salary growth for a Senior Business Development Specialist at SBI General Insurance depends on factors such as experience, performance, and promotions. On average, a Senior Business Development Specialist can expect the following growth trajectory at SBI General Insurance:

Experience Average Salary Range
5 years ₹7.8 Lakhs to ₹9.9 Lakhs per year
6 years ₹7.9 Lakhs to ₹10.1 Lakhs per year
7 years ₹8.0 Lakhs to ₹10.2 Lakhs per year
8 years ₹8.1 Lakhs to ₹10.3 Lakhs per year
and so on.

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SBI General Insurance Senior Business Development Specialist Salaries by Location

SBI General Insurance Senior Business Development Specialist salary in India ranges between ₹8.2 Lakhs to ₹9.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 SBI General Insurance latest salaries received from various employees of SBI General Insurance.