SBI Life Insurance Company Branch Development Manager Salaries by 40+ Employees (Updated 2025)

4 - 9 years exp.

₹2.8 Lakhs - ₹5.8 Lakhs

Salary of majority employees

19% less than the average Branch Development Manager Salary in Insurance Companies for 4 - 9 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Branch Development Manager Salary 4 - 9 years exp. (19 salaries)	₹2.8 L/yr - ₹5.7 L/yr
Sales & Business Development Branch Development Manager Salary 4 - 9 years exp. (17 salaries)	₹3.6 L/yr - ₹5.8 L/yr
Login to view exact salary
Customer Success, Service & Operations Branch Development Manager Salary 5 - 7 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.6 L/yr

Last Updated: 5 Mar 2025

Companies similar to SBI Life Insurance Company for Branch Development Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Branch Development Manager Salary 3 - 7 years exp. (11 salaries)	₹2.4 L/yr - ₹4 L/yr 23% less
Axis Max Life Insurance Branch Development Manager Salary 4 - 8 years exp. (5 salaries)	₹5.2 L/yr - ₹7 L/yr 46% more
Login to view exact salary
Bajaj Allianz Life Insurance Branch Development Manager Salary 1 - 16 years exp. (5 salaries)	₹4.5 L/yr - ₹6 L/yr 26% more
Reliance Nippon Life Insurance Branch Development Manager Salary 3 - 12 years exp. (3 salaries)	₹4 L/yr - ₹5 L/yr 11% more
SBI General Insurance Branch Development Manager Salary 3 - 8 years exp. (27 salaries)	₹2.5 L/yr - ₹4.5 L/yr 17% less
Aditya Birla Health Insurance Co Branch Development Manager Salary 3 - 6 years exp. (5 salaries)	₹3.9 L/yr - ₹4.5 L/yr 1% more
Shriram Life Insurance Branch Development Manager Salary 5 - 6 years exp. (4 salaries)	₹2.1 L/yr - ₹3.3 L/yr 33% less
Bajaj Allianz General Insurance Branch Development Manager Salary 5 - 11 years exp. (4 salaries)	₹5.2 L/yr - ₹6.5 L/yr 40% more

Branch Development Manager salary at SBI Life Insurance Company ranges between ₹2.8 Lakhs to ₹5.8 Lakhs per year for employees with experience between 4 years to 9 years. Salary estimates are based on 48 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Branch Development Manager salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
4 years (11 salaries)	₹3 L/yr - ₹5.5 L/yr
5 years (8 salaries)	₹2.9 L/yr - ₹5.8 L/yr
Login to view exact salary
6 years (8 salaries)	₹2.8 L/yr - ₹5.6 L/yr
7 years (11 salaries)	₹3.3 L/yr - ₹5.7 L/yr
8 years (7 salaries)	₹2.8 L/yr - ₹5.7 L/yr
9 years (3 salaries)	₹3.5 L/yr - ₹5 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Business Development Manager Salary

(934 salaries)

₹1.9 L/yr - ₹7 L/yr

Branch Manager Salary

(169 salaries)

₹6.5 L/yr - ₹15.7 L/yr

Senior Business Development Manager Salary

(210 salaries)

₹3.4 L/yr - ₹8.52 L/yr

Zonal Sales Manager Salary

(7 salaries)

₹18 L/yr - ₹30 L/yr

Area Sales Manager Salary

(17 salaries)

₹3.75 L/yr - ₹13.5 L/yr

Business Development Associate Salary

(5 salaries)

₹2.3 L/yr - ₹4.5 L/yr

Senior Sales Manager Salary

(4 salaries)

₹3.4 L/yr - ₹4.5 L/yr

Marketing Manager Salary

(16 salaries)

₹4.12 L/yr - ₹17 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

₹6.6 L/yr - ₹8.4 L/yr

Deputy Manager Salary

(38 salaries)

₹2.5 L/yr - ₹10 L/yr

Salary related reviews for SBI Life Insurance Company

3.9

Rated by 12 employees for salary & benefits

Branch Development Manager

BFSI, Investments & Trading Department

5.0

• posted on 16 Apr 2019

5.0

for Salary and Benefits

Likes

Working culture is very good, promotion is performance based so one don't depend on boss favors, salary is best in industry, we get sufficient leaves

Salary - Excellent

+3 more

Dislikes

Training is that good it is more like a formality,during March we need to work late hours.

Work-life balance - Poor

Area Sales Manager in Vijayawada

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.

Business Development Executive in Gangtok

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

Job security - Poor

Senior Business Development Executive in Ongole

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.

Salary - Poor

+4 more

Business Development Manager in Rajkot

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

Salary - Poor

+6 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

Got a question about SBI Life Insurance Company?

Ask anonymously on communities.

SBI Life Insurance Company Branch Development Manager Salary FAQs

What is the salary of Branch Development Manager at SBI Life Insurance Company?

Branch Development Manager salary at SBI Life Insurance Company in India ranges between ₹2.8 Lakhs to ₹5.8 Lakhs for experience between 4 years to 9 years. According to our estimates it is 19% less than the average Branch Development Manager Salary in India. Salary estimates are based on 48 latest salaries received from various employees of SBI Life Insurance Company India.

How does the salary of a Branch Development Manager at SBI Life Insurance Company India compare with the average salary range for this job?

The average salary of a Branch Development Manager at SBI Life Insurance Company is 19% less than the average salary of a Branch Development Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Branch Development Manager in India?

Axis Max Life Insurance Branch Development Manager Salary - ₹5.2 Lakhs to ₹7.0 Lakhs per year
Bajaj Allianz General Insurance Branch Development Manager Salary - ₹5.2 Lakhs to ₹6.5 Lakhs per year
Bajaj Allianz Life Insurance Branch Development Manager Salary - ₹4.5 Lakhs to ₹6.0 Lakhs per year
Reliance Nippon Life Insurance Branch Development Manager Salary - ₹4.0 Lakhs to ₹5.0 Lakhs per year
Aditya Birla Health Insurance Co Branch Development Manager Salary - ₹3.9 Lakhs to ₹4.5 Lakhs per year

What is the salary of a Branch Development Manager in companies similar to SBI Life Insurance Company in India?

SBI General Insurance Branch Development Manager Salary - ₹2.5 Lakhs to ₹4.5 Lakhs per year
HDFC Life Branch Development Manager Salary - ₹2.4 Lakhs to ₹4.0 Lakhs per year
Shriram Life Insurance Branch Development Manager Salary - ₹2.1 Lakhs to ₹3.3 Lakhs per year

What is the estimated take home salary of a Branch Development Manager at SBI Life Insurance Company in India?

The estimated take-home salary of a Branch Development Manager at SBI Life Insurance Company ranges between ₹30,839 per month to ₹32,141 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Branch Development Manager salary in India which ranges between ₹2.8 Lakhs to ₹5.8 Lakhs per year for employees with experience between 4 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Branch Development Manager at SBI Life Insurance Company?

According to AmbitionBox, 49% of the SBI Life Insurance Company Branch Development Managers reported a notice period of 2 Months, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 53 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

SBI Life Insurance Company Branch Development Manager Salaries by Location

Home >
Salaries >
SBI Life Insurance Company Salaries >
SBI Life Insurance Company Branch Development Manager Salaries

SBI Life Insurance Company Branch Development Manager salary in India ranges between ₹2.8 Lakhs to ₹5.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 48 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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

Companies similar to SBI Life Insurance Company for Branch Development Manager

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

Experience wise SBI Life Insurance Company Branch Development Manager salaries

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Branch Development Manager

Area Sales Manager in Vijayawada

Business Development Executive in Gangtok

Senior Business Development Executive in Ongole

Business Development Manager in Rajkot

SBI Life Insurance Company Branch Development Manager Salary FAQs

Tell us how to improve this page.

SBI Life Insurance Company Branch Development Manager Salaries by Location