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SBI Life Insurance Company

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3.8

based on 4k Reviews

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SBI Life Insurance Company Branch Development Manager salaries in Bangalore / Bengaluru (Updated 2025)

Annual salary range
4 - 7 years exp.
₹3 Lakhs - ₹5.6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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35% less than the average Branch Development Manager Salary in Insurance Companies for 4 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Development Manager Salary
4 - 5 years exp. (3 salaries)
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₹3 L/yr - ₹5 L/yr

Sales & Business Development
Branch Development Manager Salary
6 - 7 years exp. (3 salaries)
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₹5 L/yr - ₹5.6 L/yr

Last Updated: 5 Mar 2025

Companies similar to SBI Life Insurance Company for Branch Development Manager in Bangalore / Bengaluru

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SBI Life Insurance Company Branch Development Manager Salary

4 - 7 years exp. (6 salaries)
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₹3 L/yr - ₹5.6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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City Union Bank Branch Development Manager Salary

4 - 15 years exp. (15 salaries)
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₹6 L/yr - ₹12 L/yr

arrow icon 86% more
Branch Development Manager salary at SBI Life Insurance Company ranges between ₹3 Lakhs to ₹5.6 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Branch Development Manager in Bangalore / Bengaluru

1mo ago
₹5 Lakhs
6 years exp.
1y ago
₹5 Lakhs
5 years exp.
1y ago
₹3 Lakhs
4 years exp.

Experience wise SBI Life Insurance Company Branch Development Manager salaries in Bangalore / Bengaluru

Last Updated: 5 Mar 2025

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
5 years (AmbitionBox Estimate)

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₹3.7 L/yr - ₹4.8 L/yr
6 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.9 L/yr
7 years (AmbitionBox Estimate)

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₹4 L/yr - ₹5.1 L/yr

Similar Designation salaries in SBI Life Insurance Company

Business Development Manager Salary
(100 salaries)
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₹2.7 L/yr - ₹6.5 L/yr
Senior Business Development Manager Salary
(12 salaries)
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₹4.2 L/yr - ₹8.1 L/yr
Branch Manager Salary
(8 salaries)
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₹6.5 L/yr - ₹12 L/yr
Area Sales Manager Salary
(6 salaries)
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₹7 L/yr - ₹13.5 L/yr

Salary related reviews for SBI Life Insurance Company

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

read more
  • 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

Business Development Manager in Deoghar

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

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.

read more

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

read more
  • 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.

read more
  • Salary - Poor
    • +4 more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions
1w (edited)
an inside sales executive
Unexpected job policies: stay or switch?
I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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SBI Life Insurance Company Branch Development Manager Salary FAQs

What is the salary of Branch Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru?
The average salary of a Branch Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru typically ranges from ₹3.0 Lakhs to ₹5.6 Lakhs per year, depending on experience (from 4 years to 7 years).

The top 10% of Branch Development Manager in Bangalore / Bengaluru at SBI Life Insurance Company earn more than ₹5.6 Lakhs per year, and the top 1% earn over ₹5.6 Lakhs per year. Branch 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 6 SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Branch Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru?
The estimated take-home salary of a Branch Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru typically ranges from ₹32,192 to ₹33,473 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹5.6 Lakhs per year for employees with experience ranging from 4 years to 7 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 6 salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than SBI Life Insurance Company for Branch Development Manager in India?
City Union Bank ₹6.0 Lakhs to ₹12.0 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.
How the salary growth look like for a Branch Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru?
The salary growth for a Branch Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Branch Development Manager in Bangalore / Bengaluru can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
4 years ₹3.6 Lakhs to ₹4.6 Lakhs per year
5 years ₹3.7 Lakhs to ₹4.8 Lakhs per year
6 years ₹3.8 Lakhs to ₹4.9 Lakhs per year
7 years ₹4.0 Lakhs to ₹5.1 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Branch Development Manager salary in Bangalore / Bengaluru ranges between ₹3 Lakhs to ₹5.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.