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SBI Life Insurance Company

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3.8

based on 3.9k Reviews

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SBI Life Insurance Company Business Development Manager salaries in Hyderabad / Secunderabad (Updated 2025)

Annual salary range
0 - 13 years exp.
₹2.2 Lakhs - ₹6.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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34% less than the average Business Development Manager Salary in Insurance Companies for 0 - 13 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Business Development Manager Salary
3 - 13 years exp. (34 salaries)
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₹2.6 L/yr - ₹6.2 L/yr

BFSI, Investments & Trading
Business Development Manager Salary
0 - 10 years exp. (32 salaries)
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₹2.2 L/yr - ₹6.3 L/yr

Marketing & Communication
Business Development Manager Salary
0 - 9 years exp. (11 salaries)
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₹3 L/yr - ₹6.5 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
2 - 10 years exp. (8 salaries)
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₹3.8 L/yr - ₹5 L/yr

Finance & Accounting
Business Development Manager Salary
2 - 7 years exp. (6 salaries)
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₹2.5 L/yr - ₹5 L/yr

Last Updated: 16 Mar 2025

Companies similar to SBI Life Insurance Company for Business Development Manager in Hyderabad / Secunderabad

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SBI Life Insurance Company Business Development Manager Salary

0 - 13 years exp. (104 salaries)
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₹2.2 L/yr - ₹6.5 L/yr

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Company name Avg Annual Salary Open Jobs
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SBI General Insurance Business Development Manager Salary

0 - 10 years exp. (28 salaries)
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₹2.1 L/yr - ₹5 L/yr

arrow icon 22% less
 13 job openings
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Bajaj Allianz Life Insurance Business Development Manager Salary

2 - 9 years exp. (12 salaries)
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₹3.5 L/yr - ₹6 L/yr

arrow icon 7% less
 3 job openings
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Axis Max Life Insurance Business Development Manager Salary

2 - 9 years exp. (11 salaries)
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₹3.9 L/yr - ₹6.1 L/yr

arrow icon 7% more
 2 job openings
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Kotak Mahindara Life Insurance Business Development Manager Salary

2 - 7 years exp. (5 salaries)
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₹4.8 L/yr - ₹8 L/yr

arrow icon 28% more
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Aditya Birla Sun Life Insurance Business Development Manager Salary

1 - 7 years exp. (4 salaries)
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₹4 L/yr - ₹5 L/yr

arrow icon 13% less
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Aditya Birla Health Insurance Co Business Development Manager Salary

5 - 6 years exp. (3 salaries)
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₹4.7 L/yr - ₹5.5 L/yr

arrow icon 2% more
Business Development Manager salary at SBI Life Insurance Company ranges between ₹2.2 Lakhs to ₹6.5 Lakhs per year for employees with less than 1 year of experience to 13 years. Salary estimates are based on 104 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Business Development Manager in Hyderabad / Secunderabad

3w ago
₹6 Lakhs
13 years exp.
1mo ago
₹3.6 Lakhs
5 years exp.
1mo ago
₹5 Lakhs
6 years exp.
2mo ago
₹5.5 Lakhs
6 years exp.
2mo ago
₹4.2 Lakhs
13 years exp.
2mo ago
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5 years exp.
2mo ago
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6 years exp.
3mo ago
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2 years exp.
4mo ago
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8 years exp.
4mo ago
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9 years exp.

Experience wise SBI Life Insurance Company Business Development Manager salaries in Hyderabad / Secunderabad

Last Updated: 16 Mar 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3.5 L/yr - ₹4.5 L/yr
1 year (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
2 years  (3 salaries)

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₹2.2 L/yr - ₹4.8 L/yr
3 years  (9 salaries)

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₹2.4 L/yr - ₹5 L/yr
4 years  (10 salaries)

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₹3 L/yr - ₹6 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

Senior Business Development Executive Salary
(47 salaries)
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₹3 L/yr - ₹5 L/yr
Senior Business Development Manager Salary
(25 salaries)
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₹4.5 L/yr - ₹7.5 L/yr
Business Development Executive Salary
(22 salaries)
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₹2.35 L/yr - ₹4.5 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

Salary related reviews for SBI Life Insurance Company

2.3

Rated by 15 employees for salary & benefits

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

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

read more
  • Salary - Poor
    • +6 more

Business Development Manager in Jaipur

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

Business Development Manager in Work Form Bank And Field

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

Business Development Manager in Bangalore / Bengaluru

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
see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
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·
works at
Georgia-Pacific
New offer. Confused.
My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?
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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 in Hyderabad / Secunderabad?
The average salary of a Business Development Manager at SBI Life Insurance Company in Hyderabad / Secunderabad typically ranges from ₹2.2 Lakhs to ₹6.5 Lakhs per year, depending on experience (from Fresher to 13 years).

The top 10% of Business Development Manager in Hyderabad / Secunderabad at SBI Life Insurance Company earn more than ₹5.6 Lakhs per year, and the top 1% earn over ₹6.4 Lakhs per year. Business 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 100+ SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Business Development Manager at SBI Life Insurance Company in Hyderabad / Secunderabad?
The estimated take-home salary of a Business Development Manager at SBI Life Insurance Company in Hyderabad / Secunderabad typically ranges from ₹36,029 to ₹37,253 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from Fresher to 13 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 100+ 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 Business Development Manager at SBI Life Insurance Company in Hyderabad / Secunderabad?
To be a Business Development Manager at SBI Life Insurance Company in Hyderabad / Secunderabad, the key skills required include:

  • - bdm
  • - Region
  • - Business Development
  • - Bancassurance
  • - Sales

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 Business Development Manager in India?
Kotak Mahindara Life Insurance ₹4.8 Lakhs to ₹8.0 Lakhs per year
Axis Max Life Insurance ₹3.9 Lakhs to ₹6.1 Lakhs per year
Aditya Birla Health Insurance Co ₹4.7 Lakhs to ₹5.5 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 Business Development Manager in companies similar to SBI Life Insurance Company in Hyderabad / Secunderabad?
The salary of a Business Development Manager at companies similar to SBI Life Insurance Company in Hyderabad / Secunderabad varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance ₹3.5 Lakhs to ₹6.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹4.0 Lakhs to ₹5.0 Lakhs per year
SBI General Insurance ₹2.1 Lakhs to ₹5.0 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 Business Development Manager at SBI Life Insurance Company in Hyderabad / Secunderabad?
The salary growth for a Business Development Manager at SBI Life Insurance Company in Hyderabad / Secunderabad depends on factors such as experience, performance, and promotions. On average, a Business Development Manager in Hyderabad / Secunderabad can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
Fresher ₹3.5 Lakhs to ₹4.5 Lakhs per year
1 year ₹3.6 Lakhs to ₹4.6 Lakhs per year
2 years ₹2.2 Lakhs to ₹4.8 Lakhs per year
3 years ₹2.4 Lakhs to ₹5.0 Lakhs per year
and so on.

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SBI Life Insurance Company Business Development Manager salary in Hyderabad / Secunderabad ranges between ₹2.2 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 104 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.