SBI Life Insurance Company New Delhi Business Development Manager Salaries by 100+ Employees (Updated 2025)

0 - 14 years exp.

₹3 Lakhs - ₹6.5 Lakhs

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

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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
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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

Last Updated: 4 Apr 2025

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

Company name	Avg Annual Salary	Open Jobs
HDFC Life Business Development Manager Salary 0 - 11 years exp. (163 salaries)	₹2.2 L/yr - ₹5 L/yr 29% less	11 job openings
SBI General Insurance Business Development Manager Salary 0 - 8 years exp. (29 salaries)	₹3 L/yr - ₹4.5 L/yr 20% less	13 job openings
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Bajaj Allianz Life Insurance Business Development Manager Salary 1 - 10 years exp. (17 salaries)	₹3.9 L/yr - ₹5.5 L/yr 14% less	3 job openings
ICICI Prudential Life Insurance Business Development Manager Salary 1 - 7 years exp. (16 salaries)	₹2.3 L/yr - ₹4.8 L/yr 24% less
Aditya Birla Sun Life Insurance Business Development Manager Salary 0 - 10 years exp. (15 salaries)	₹3 L/yr - ₹4.6 L/yr 22% less
Axis Max Life Insurance Business Development Manager Salary 2 - 9 years exp. (12 salaries)	₹2.2 L/yr - ₹7 L/yr 9% less	2 job openings
ICICI Lombard General Insurance Company Business Development Manager Salary 4 - 8 years exp. (9 salaries)	₹3 L/yr - ₹8 L/yr 9% less
Reliance Nippon Life Insurance Business Development Manager Salary 6 - 9 years exp. (8 salaries)	₹2.1 L/yr - ₹5.6 L/yr 20% less
Kotak Mahindara Life Insurance Business Development Manager Salary 2 - 12 years exp. (8 salaries)	₹3.7 L/yr - ₹7.5 L/yr 1% more
Shriram Life Insurance Business Development Manager Salary 0 - 5 years exp. (7 salaries)	₹2.2 L/yr - ₹3.5 L/yr 39% less
Bajaj Allianz General Insurance Business Development Manager Salary 3 - 9 years exp. (6 salaries)	₹4.2 L/yr - ₹5.2 L/yr 6% less	8 job openings
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Aditya Birla Health Insurance Co Business Development Manager Salary 3 - 8 years exp. (6 salaries)	₹3.8 L/yr - ₹6 L/yr 8% less
Tata AIA Life Insurance Business Development Manager Salary 3 - 11 years exp. (5 salaries)	₹3.3 L/yr - ₹4 L/yr 27% less
HDFC Ergo General Insurance Business Development Manager Salary 1 - 8 years exp. (5 salaries)	₹2.8 L/yr - ₹4.5 L/yr 33% less

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

5d ago

₹5.5 Lakhs

13 years exp.

1w ago

₹4.5 Lakhs

3 years exp.

1w ago

₹3.8 Lakhs

8 years exp.

2w ago

₹5.3 Lakhs

6 years exp.

2w ago

₹4.8 Lakhs

5 years exp.

4w 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
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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
5 years (13 salaries)	₹3.5 L/yr - ₹6.2 L/yr
6 years (20 salaries)	₹4 L/yr - ₹5.5 L/yr
7 years (10 salaries)	₹4.5 L/yr - ₹6.5 L/yr
8 years (18 salaries)	₹3.5 L/yr - ₹6.5 L/yr
9 years (3 salaries)	₹5.2 L/yr - ₹6.5 L/yr
10 years (7 salaries)	₹3.8 L/yr - ₹10.1 L/yr
11 years (4 salaries)	₹5.3 L/yr - ₹6 L/yr
12 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.7 L/yr
13 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
14 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Senior Business Development Executive Salary

(69 salaries)

₹3.5 L/yr - ₹5.25 L/yr

Business Development Executive Salary

(32 salaries)

₹2.05 L/yr - ₹4.5 L/yr

Senior Business Development Manager Salary

(26 salaries)

₹4.5 L/yr - ₹8 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

3.0

Rated by 22 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.

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

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.

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.

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.🙏

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

Skill development - Poor

+2 more

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Salary Discussions, Hike & Promotions

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 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.

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:

- 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:

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:

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

and so on.

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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.

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

Companies similar to SBI Life Insurance Company for Business Development Manager in New Delhi

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

Experience wise SBI Life Insurance Company Business Development Manager salaries in New Delhi

Similar Designation salaries in SBI Life Insurance Company

Top skills at SBI Life Insurance Company for Business Development Manager

Salary related reviews for SBI Life Insurance Company

Business Development Manager in Deoghar

Business Development Manager in Rajkot

Business Development Manager in Jaipur

Business Development Manager in Work Form Bank And Field

Business Development Manager in Bangalore / Bengaluru

SBI Life Insurance Company Business Development Manager Salary FAQs

Tell us how to improve this page.