Annual salary range
0 - 14 years exp.
₹3
Lakhs - ₹6.5
Lakhs
Salary of majority employees
Avg. annual salary
Monthly In-hand Salary
28% less than the average Business Development Manager Salary in Insurance Companies for 0 - 14 years of experience
Interested in this particular role?
Salaries in different departments
BFSI, Investments & Trading
Business Development Manager Salary
0 - 12
years
exp.
(41
salaries)
|  ₹3 L/yr - ₹6.5 L/yr |
Sales & Business Development
Business Development Manager Salary
3 - 14
years
exp.
(28
salaries)
| ₹3.5 L/yr - ₹6.5 L/yr |
Login to view exact salary
| |
Customer Success, Service & Operations
Business Development Manager Salary
5 - 8
years
exp.
(10
salaries)
| ₹4.5 L/yr - ₹6.4 L/yr |
Marketing & Communication
Business Development Manager Salary
4 - 13
years
exp.
(9
salaries)
| ₹4 L/yr - ₹6.2 L/yr |
Finance & Accounting
Business Development Manager Salary
2 - 5
years
exp.
(3
salaries)
| ₹4.8 L/yr - ₹5.5 L/yr |
Companies similar to SBI Life Insurance Company for Business Development Manager in New Delhi
SBI Life Insurance Company
Business Development Manager Salary
0 - 14 years exp. (112 salaries) |  ₹3 L/yr - ₹6.5 L/yr |
vs
29%
less
1%
more
Business Development Manager salary at SBI Life Insurance Company ranges between ₹3
Lakhs
to ₹6.5
Lakhs
per year for employees with less than 1 year of experience to 14 years. Salary
estimates are based on
112 latest salaries received
from various employees of SBI Life Insurance Company.
Latest annual salaries shared by SBI Life Insurance Company Business Development Manager in New Delhi
1w ago
₹5.5
Lakhs
13
years
exp.
1w ago
₹4.5
Lakhs
3
years
exp.
1w ago
₹3.8
Lakhs
8
years
exp.
3w ago
₹5.3
Lakhs
6
years
exp.
3w ago
₹4.8
Lakhs
5
years
exp.
1mo ago
11
years
exp.
1mo ago
1
year
exp.
1mo ago
12
years
exp.
1mo ago
3
years
exp.
1mo ago
4
years
exp.
Experience wise SBI Life Insurance Company Business Development Manager salaries in New Delhi
Last Updated: 4 Apr 2025
| Experience | Avg Annual Salary |
|---|---|
| Fresher (AmbitionBox Estimate) |
₹3.8
L/yr
- ₹4.9
L/yr
|
| 1 year (3 salaries) |
₹3
L/yr
- ₹7.9
L/yr
|
Login to view exact salary
| |
| 2 years (9 salaries) |
₹3
L/yr
- ₹5.2
L/yr
|
| 3 years (10 salaries) |
₹3.5
L/yr
- ₹5.5
L/yr
|
| 4 years (10 salaries) |
₹3.5
L/yr
- ₹5.5
L/yr
|
View all
Similar Designation salaries in SBI Life Insurance Company
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
Discover interview dos and don'ts from real experiences
SBI Life Insurance Company Business Development Manager Salary FAQs
What is the salary of Business Development Manager at SBI Life Insurance Company in New Delhi?
The average salary of a Business Development Manager at SBI Life Insurance Company in New Delhi typically ranges from ₹3.0 Lakhs to ₹6.5 Lakhs per year, depending on experience (from Fresher to 14 years).
The top 10% of Business Development Manager in New Delhi at SBI Life Insurance Company earn more than ₹5.6 Lakhs per year, and the top 1% earn over ₹6.5 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.
The top 10% of Business Development Manager in New Delhi at SBI Life Insurance Company earn more than ₹5.6 Lakhs per year, and the top 1% earn over ₹6.5 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 New Delhi?
The estimated take-home salary of a Business Development Manager at SBI Life Insurance Company in New Delhi typically ranges from ₹39,135 to ₹40,313 per month. This is based on the average salary range of
₹3.0 Lakhs to ₹6.5 Lakhs
per year for employees with experience ranging from Fresher to 14 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 New Delhi?
To be a Business Development Manager at SBI Life Insurance Company in New Delhi, the key skills required include:
These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.
- - 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 | ₹3.7 Lakhs to ₹7.5 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 New Delhi?
The salary of a Business Development Manager at companies similar to SBI Life Insurance Company in New Delhi varies, depending on the role, experience, and company size. Here are the typical salary ranges:
These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
| Bajaj Allianz General Insurance | ₹4.2 Lakhs to ₹5.2 Lakhs per year |
| Aditya Birla Health Insurance Co | ₹3.8 Lakhs to ₹6.0 Lakhs per year |
| Axis Max Life Insurance | ₹2.2 Lakhs to ₹7.0 Lakhs per year |
| ICICI Lombard General Insurance Company | ₹3.0 Lakhs to ₹8.0 Lakhs per year |
| Bajaj Allianz Life Insurance | ₹3.9 Lakhs to ₹5.5 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 Business Development Manager at SBI Life Insurance Company in New Delhi?
The salary growth for a Business Development Manager at SBI Life Insurance Company in New Delhi depends on factors such as experience, performance, and promotions. On average, a Business Development Manager in New Delhi can expect the following growth trajectory at SBI Life Insurance Company:
and so on.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹3.8 Lakhs to ₹4.9 Lakhs per year |
| 1 year | ₹3.0 Lakhs to ₹7.9 Lakhs per year |
| 2 years | ₹3.0 Lakhs to ₹5.2 Lakhs per year |
| 3 years | ₹3.5 Lakhs to ₹5.5 Lakhs per year |
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- SBI Life Insurance Company Business Development Manager Salaries in New Delhi
SBI Life Insurance Company Business Development Manager salary
in
New Delhi
ranges between ₹3
Lakhs to ₹6.5
Lakhs with an average annual salary of
₹. Salary estimates are based on
112
SBI Life Insurance Company latest salaries received from various employees of
SBI Life Insurance Company.