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SBI Life Insurance Company Agency Development Manager salaries in India (Updated 2025)

Annual salary range
0 - 9 years exp.
₹2.5 Lakhs - ₹4.2 Lakhs
Salary of majority employees
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25% less than the average Agency Development Manager Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Agency Development Manager Salary
6 - 9 years exp. (3 salaries)
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₹3.3 L/yr - ₹4.2 L/yr

Sales & Business Development
Agency Development Manager Salary
2 years exp. (AmbitionBox Estimate)
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₹3.3 L/yr - ₹3.7 L/yr

Last Updated: 11 Jan 2025

Companies similar to SBI Life Insurance Company for Agency Development Manager

Company name Avg Annual Salary Open Jobs
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₹2 L/yr - ₹6.7 L/yr

arrow icon 45% more
21 job openings
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HDFC Life Agency Development Manager Salary

1 - 15 years exp. (275 salaries)

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₹2.3 L/yr - ₹6.5 L/yr

arrow icon 39% more
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₹2.1 L/yr - ₹5.6 L/yr

arrow icon 5% more
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₹1.2 L/yr - ₹5 L/yr

arrow icon 17% less
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₹2.2 L/yr - ₹4.5 L/yr

arrow icon 1% more
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₹2 L/yr - ₹6.5 L/yr

arrow icon 12% more
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₹1 L/yr - ₹5.5 L/yr

arrow icon 12% more
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₹2.6 L/yr - ₹6 L/yr

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₹3.1 L/yr - ₹4.5 L/yr

arrow icon 25% more
1 job opening
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₹3.7 L/yr - ₹4.6 L/yr

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₹2.8 L/yr - ₹6.3 L/yr

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₹2.6 L/yr - ₹5.4 L/yr

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PNB MetLife Agency Development Manager Salary

6 - 11 years exp. (5 salaries)

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₹4.1 L/yr - ₹7.8 L/yr

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₹2.5 L/yr - ₹3 L/yr

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₹2.8 L/yr - ₹4.5 L/yr

arrow icon 13% more
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₹2.6 L/yr - ₹3.8 L/yr

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₹3.1 L/yr - ₹3.8 L/yr

arrow icon 8% more
Agency Development Manager salary at SBI Life Insurance Company ranges between ₹2.5 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 16 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Agency Development Manager

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1 year exp.
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1 year exp.
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9 years exp.
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4 years exp.
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4 years exp.

Experience wise SBI Life Insurance Company Agency Development Manager salaries

Last Updated: 11 Jan 2025

Experience Avg Annual Salary
Fresher  (3 salaries)

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₹3 L/yr - ₹4 L/yr
1 year  (3 salaries)

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₹2.5 L/yr - ₹6 L/yr
2 years (AmbitionBox Estimate)

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₹1.3 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)

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₹1.3 L/yr - ₹4 L/yr
4 years  (3 salaries)

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₹3.1 L/yr - ₹4.2 L/yr
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Similar Designation salaries in SBI Life Insurance Company

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₹1.9 L/yr - ₹7 L/yr
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₹3.75 L/yr - ₹13.5 L/yr
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₹18 L/yr - ₹30 L/yr
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₹3.4 L/yr - ₹8.52 L/yr
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₹3.4 L/yr - ₹4.5 L/yr
Area Business Manager Salary
(AmbitionBox Estimate)
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₹6.6 L/yr - ₹8.4 L/yr
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₹2.3 L/yr - ₹4.5 L/yr
Deputy Manager Salary
(38 salaries)
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₹2.5 L/yr - ₹10 L/yr
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₹30 L/yr - ₹39.09 L/yr
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₹1.88 L/yr - ₹8 L/yr

Top skills at SBI Life Insurance Company for Agency Development Manager

Agency Management Development Management Agency Sales agency development Tied Channel Life Insurance Insurance Sales agency Banking Sales Agent Recruitment Agency Channel

Salary related reviews for SBI Life Insurance Company

4.0

Rated by 6 employees for salary & benefits

Full Time

 · 

Marketing & Communication Department

5.0
  •  posted on 30 Jan 2025

2.0
 for  Salary and Benefits

Likes

Very good policy, good Behaviour from all senior Management.

  • Skill development - Good
  • +3 more

Dislikes

I am working from last 8 year but my salary is very low. If someone working is in other companies and they switched from there to here they are getting good CTC. If you are working in good location and if your assign branch and branch manager is good so you can get promotion but if you not working in good location or your assign branch is not good it's very deficit to get promotion.

read more
  • Salary - Poor

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 05 Aug 2023

5.0
 for  Salary and Benefits

Likes

I am so Proud to say Working this organisation last 4years. i got a two promotions last two years.

  • Salary - Excellent
  • +6 more

Dislikes

I expecting Long time Vintage Employes Expect Minimum Salary hike. because Now a days out side companies giving a more salary hikes Vintage persons so Our Company giving a minimum hikes of Vintage Employes it will so benefit and no one live Our Company.

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Full Time

 · 

Marketing & Communication Department

4.0
  •  posted on 13 Sep 2023

5.0
 for  Salary and Benefits

Likes

very good company with good oppurtunities and good pay

  • Salary - Excellent
  • +4 more

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

read more
  • Job security - Poor

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 09 Jun 2023

2.0
 for  Salary and Benefits

Likes

No positive to tell company not good salary not good supporting staff.

Dislikes

Treating very cheap to front line employees(Field workers).and also no support to superior s.. always blamed for front line employees.

read more
  • Salary - Poor
  • +4 more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 01 Feb 2023

2.0
 for  Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

Official working days me bhi office bulate hain aur bill pay nahi karte hain personal life jaish kuchh nahi rehta hain aur morning 7:00am zoom start kar dete hain

read more
  • Salary - Poor
  • +6 more
see more salary related reviews

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SBI Life Insurance Company Agency Development Manager Salary FAQs

What is the salary of Agency Development Manager at SBI Life Insurance Company ?
The average salary of a Agency Development Manager at SBI Life Insurance Company in India typically ranges from ₹2.5 Lakhs to ₹4.2 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Agency Development Manager at SBI Life Insurance Company earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. Agency Development Manager Salaries at SBI Life Insurance Company 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 10+ SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Agency Development Manager at SBI Life Insurance Company in India?
The estimated take-home salary of a Agency Development Manager at SBI Life Insurance Company in India typically ranges from ₹23,992 to ₹25,446 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from Fresher to 9 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 10+ salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Agency Development Manager at SBI Life Insurance Company ?
To be a Agency Development Manager at SBI Life Insurance Company in india, the key skills required include:

  • - Agency Management
  • - Development Management
  • - Agency Sales
  • - agency development
  • - Tied Channel

These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SBI Life Insurance Company for Agency Development Manager in India?
PNB MetLife ₹4.1 Lakhs to ₹7.8 Lakhs per year
Axis Max Life Insurance ₹2.0 Lakhs to ₹6.7 Lakhs per year
HDFC Life ₹2.3 Lakhs to ₹6.5 Lakhs per year
Life Insurance Corporation of India ₹2.6 Lakhs to ₹5.4 Lakhs per year
Bajaj Allianz General Insurance ₹3.7 Lakhs to ₹4.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI Life Insurance Company, depending on the role and experience level.
What is the salary of a Agency Development Manager in companies similar to SBI Life Insurance Company in India?
The salary of a Agency Development Manager at companies similar to SBI Life Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata AIA Life Insurance ₹2.8 Lakhs to ₹6.3 Lakhs per year
Bajaj Allianz Life Insurance ₹3.1 Lakhs to ₹4.5 Lakhs per year
ICICI Lombard General Insurance Company ₹2.6 Lakhs to ₹6.0 Lakhs per year
SBI General Insurance ₹2.8 Lakhs to ₹4.5 Lakhs per year
ICICI Prudential Life Insurance ₹2.0 Lakhs to ₹6.5 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 Agency Development Manager at SBI Life Insurance Company in India?
The salary growth for a Agency Development Manager at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a Agency Development Manager can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
Fresher ₹3.0 Lakhs to ₹4.0 Lakhs per year
1 year ₹2.5 Lakhs to ₹6.0 Lakhs per year
2 years ₹1.3 Lakhs to ₹4.0 Lakhs per year
3 years ₹1.3 Lakhs to ₹4.0 Lakhs per year
and so on.

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SBI Life Insurance Company Agency Development Manager salary in India ranges between ₹2.5 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 16 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.