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

Annual salary range
0 - 14 years exp.
₹1.9 Lakh - ₹7 Lakhs
Salary of majority employees
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35% less than the average Business Development Manager Salary in Insurance Companies for 0 - 14 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading
Business Development Manager Salary
0 - 13 years exp. (329 salaries)
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₹2.1 L/yr - ₹6.5 L/yr

Sales & Business Development
Business Development Manager Salary
0 - 14 years exp. (219 salaries)
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₹2.4 L/yr - ₹7 L/yr

Marketing & Communication
Business Development Manager Salary
0 - 14 years exp. (66 salaries)
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₹2.2 L/yr - ₹6.5 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
0 - 13 years exp. (58 salaries)
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₹2.4 L/yr - ₹6.4 L/yr

Finance & Accounting
Business Development Manager Salary
0 - 10 years exp. (37 salaries)
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₹2.5 L/yr - ₹6 L/yr

Last Updated: 5 Mar 2025

Companies similar to SBI Life Insurance Company for Business Development Manager

Company name Avg Annual Salary Open Jobs
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₹2 L/yr - ₹5.5 L/yr

arrow icon 24% less
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HDFC Life Business Development Manager Salary

0 - 11 years exp. (1.4k salaries)

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₹1.5 L/yr - ₹5 L/yr

arrow icon 25% less
15 job openings
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₹2 L/yr - ₹8 L/yr

arrow icon 8% more
8 job openings
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₹3 L/yr - ₹6 L/yr

arrow icon 12% less
3 job openings
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₹2.2 L/yr - ₹10.3 L/yr

arrow icon 20% more
2 job openings
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₹1.8 L/yr - ₹6 L/yr

arrow icon 13% less
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₹2 L/yr - ₹7 L/yr

arrow icon 21% less
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₹3 L/yr - ₹5.5 L/yr

arrow icon 13% less
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₹2 L/yr - ₹5.8 L/yr

arrow icon 20% less
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₹1.8 L/yr - ₹7 L/yr

arrow icon 18% less
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₹1.6 L/yr - ₹5.1 L/yr

arrow icon 23% less
10 job openings
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₹3.5 L/yr - ₹7 L/yr

arrow icon 6% more
13 job openings
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₹1.5 L/yr - ₹7.2 L/yr

arrow icon 35% less
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₹1.1 L/yr - ₹9.1 L/yr

arrow icon 15% less
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₹3 L/yr - ₹6 L/yr

arrow icon 7% less
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₹2.7 L/yr - ₹5.4 L/yr

arrow icon 14% less
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₹11.4 L/yr - ₹24.6 L/yr

arrow icon 369% more
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Gallagher Business Development Manager Salary

4 - 14 years exp. (3 salaries)

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₹10 L/yr - ₹10.8 L/yr

arrow icon 111% more

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Business Development Manager salary at SBI Life Insurance Company ranges between ₹1.9 Lakh to ₹7 Lakhs per year for employees with less than 1 year of experience to 14 years. Salary estimates are based on 934 latest salaries received from various employees of SBI Life Insurance Company.

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

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Experience wise SBI Life Insurance Company Business Development Manager salaries

Last Updated: 5 Mar 2025

Experience Avg Annual Salary
Fresher  (27 salaries)

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₹2.1 L/yr - ₹5 L/yr
1 year  (31 salaries)

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₹2.1 L/yr - ₹6 L/yr
2 years  (56 salaries)

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₹1.9 L/yr - ₹5.5 L/yr
3 years  (89 salaries)

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₹2.4 L/yr - ₹6.4 L/yr
4 years  (103 salaries)

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₹2.4 L/yr - ₹6.5 L/yr
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Similar Designation salaries in SBI Life Insurance Company

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₹3.4 L/yr - ₹8.52 L/yr
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₹2.3 L/yr - ₹4.5 L/yr
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₹2 L/yr - ₹4.5 L/yr
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₹4.35 L/yr - ₹8.5 L/yr
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₹18 L/yr - ₹30 L/yr
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₹1.88 L/yr - ₹8 L/yr
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₹2.7 L/yr - ₹5.35 L/yr
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₹3.4 L/yr - ₹4.5 L/yr
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₹3.75 L/yr - ₹13.5 L/yr
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₹4.87 L/yr - ₹6 L/yr

Top skills at SBI Life Insurance Company for Business Development Manager

bdm Region Business Development Bancassurance Sales Revenue Generation banca sales New Business Development Business Development Relationship Management Bfsi Sales NBFC Selling Skills Relationship Management Salesforce
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Salary related reviews for SBI Life Insurance Company

3.5

Rated by 411 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

 · 

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

Full Time

 · 

Sels Department

5.0
  •  posted on 12 Apr 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

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

read more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 25 Sep 2023

1.0
 for  Salary and Benefits

Likes

Only Job Security,

  • Job security - Good

Dislikes

...hear from long time. Only due to not get any increment I have left the job..... You will hire new persons on higher package but you won't retain ur old employes on giving them some litter bit hike or increment. My humble request to you that plz take care of your old employes who are working on lower package or CTC, from long time...plz don't force them to leave the job due to lower Package... And plz start Rehiring. Lots of old employes are ready to work with sbilife Again.🙏

read more
  • Salary - Bad
  • +3 more

Sales Department

1.0
  •  posted on 12 May 2022

5.0
 for  Salary and Benefits

Likes

Salary before month end Brand Reputation

  • Salary - Excellent
  • +1 more

Dislikes

No personal life satisfaction Terrible AM behavior No felicitation No recognition Poor plans and costly Pressure will come like he'll If channel partners not supported even though we've to do business.. Less customer service at channel partner

read more
  • Skill development - Poor
  • +2 more
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SBI Life Insurance Company Business Development Manager Salary FAQs

What is the salary of Business Development Manager at SBI Life Insurance Company?
Business Development Manager salary at SBI Life Insurance Company in India ranges between ₹1.9 Lakhs to ₹7.0 Lakhs for less than 1 year of experience to 14 years. According to our estimates it is 35% less than the average Business Development Manager Salary in India. Salary estimates are based on 934 latest salaries received from various employees of SBI Life Insurance Company India.
How does the salary of a Business Development Manager at SBI Life Insurance Company India compare with the average salary range for this job?
The average salary of a Business Development Manager at SBI Life Insurance Company is 35% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Business Development Manager at SBI Life Insurance Company?
bdm, Region, Business Development, Bancassurance and Sales are some of the popular skills required to work as a Business Development Manager at SBI Life Insurance Company India.
Which similar companies are paying more than SBI Life Insurance Company to a Business Development Manager in India?
  • The Oriental Insurance Co. Business Development Manager Salary - ₹11.4 Lakhs to ₹24.6 Lakhs per year
  • Gallagher Business Development Manager Salary - ₹10.0 Lakhs to ₹10.8 Lakhs per year
  • Kotak Mahindara Life Insurance Business Development Manager Salary - ₹2.2 Lakhs to ₹10.3 Lakhs per year
  • Axis Max Life Insurance Business Development Manager Salary - ₹2.0 Lakhs to ₹8.0 Lakhs per year
  • Bajaj Allianz General Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
What is the salary of a Business Development Manager in companies similar to SBI Life Insurance Company in India?
  • Aditya Birla Health Insurance Co Business Development Manager Salary - ₹3.0 Lakhs to ₹6.0 Lakhs per year
  • Bajaj Allianz Life Insurance Business Development Manager Salary - ₹3.0 Lakhs to ₹6.0 Lakhs per year
  • Reliance Nippon Life Insurance Business Development Manager Salary - ₹1.8 Lakhs to ₹6.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Business Development Manager Salary - ₹3.0 Lakhs to ₹5.5 Lakhs per year
  • HDFC Ergo General Insurance Business Development Manager Salary - ₹2.7 Lakhs to ₹5.4 Lakhs per year
What is the estimated take home salary of a Business Development Manager at SBI Life Insurance Company in India?
The estimated take-home salary of a Business Development Manager at SBI Life Insurance Company ranges between ₹36,527 per month to ₹37,744 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Business Development Manager salary in India which ranges between ₹1.9 Lakhs to ₹7.0 Lakhs per year for employees with less than 1 year of experience to 14 years. Check how did we calculate take home salary?
What is the notice period for Business Development Manager at SBI Life Insurance Company?
According to AmbitionBox, 43% of the SBI Life Insurance Company Business Development Managers reported a notice period of 2 Months, 37% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 1.4k responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Business Development Manager salary in India ranges between ₹1.9 Lakh to ₹7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 934 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.