SBI Life Insurance Company Business Development Manager Salaries by 50+ Employees (Updated 2025)

0 - 13 years exp.

₹2.4 Lakhs - ₹6.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

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

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Last Updated: 20 Mar 2025

Companies similar to SBI Life Insurance Company for Business Development Manager in Customer Success, Service & Operations department

Company name	Avg Annual Salary	Open Jobs
HDFC Life Business Development Manager Salary 0 - 9 years exp. (93 salaries)	₹1.8 L/yr - ₹4.5 L/yr 23% less	12 job openings
SBI General Insurance Business Development Manager Salary 0 - 7 years exp. (31 salaries)	₹1.6 L/yr - ₹4.6 L/yr 23% less	13 job openings
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Aditya Birla Sun Life Insurance Business Development Manager Salary 1 - 13 years exp. (12 salaries)	₹3.7 L/yr - ₹5 L/yr 14% less
Bajaj Allianz Life Insurance Business Development Manager Salary 2 - 11 years exp. (11 salaries)	₹4 L/yr - ₹5.3 L/yr 6% less	1 job opening
ICICI Prudential Life Insurance Business Development Manager Salary 3 - 8 years exp. (10 salaries)	₹2.5 L/yr - ₹4 L/yr 24% less
Shriram Life Insurance Business Development Manager Salary 0 - 7 years exp. (9 salaries)	₹2 L/yr - ₹4.3 L/yr 36% less
Kotak Mahindara Life Insurance Business Development Manager Salary 3 - 12 years exp. (8 salaries)	₹3 L/yr - ₹8 L/yr 17% more	1 job opening
Axis Max Life Insurance Business Development Manager Salary 4 - 9 years exp. (7 salaries)	₹3.9 L/yr - ₹7.2 L/yr 5% more	3 job openings
ICICI Lombard General Insurance Company Business Development Manager Salary 3 - 7 years exp. (4 salaries)	₹3 L/yr - ₹4 L/yr 19% less
Bajaj Allianz General Insurance Business Development Manager Salary 4 - 6 years exp. (3 salaries)	₹5.1 L/yr - ₹5.5 L/yr 7% more	9 job openings
Aditya Birla Health Insurance Co Business Development Manager Salary 5 - 9 years exp. (3 salaries)	₹3.4 L/yr - ₹4.5 L/yr 11% less
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Business Development Manager salary at SBI Life Insurance Company ranges between ₹2.4 Lakhs to ₹6.4 Lakhs per year for employees with less than 1 year of experience to 13 years. Salary estimates are based on 58 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Business Development Manager in Customer Success, Service & Operations department

3d ago

₹5.5 Lakhs

13 years exp.

3d ago

₹3.9 Lakhs

5 years exp.

3d ago

₹4 Lakhs

6 years exp.

3d ago

₹3 Lakhs

3 years exp.

4d ago

₹5 Lakhs

3 months exp.

5d ago

5 years exp.

5d ago

3 years exp.

5d ago

8 years exp.

1w ago

8 years exp.

2w ago

9 years exp.

Experience wise SBI Life Insurance Company Business Development Manager salaries in Customer Success, Service & Operations department

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.5 L/yr
1 year (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
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2 years (4 salaries)	₹2.4 L/yr - ₹4.8 L/yr
3 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
4 years (5 salaries)	₹3.6 L/yr - ₹5.3 L/yr
5 years (5 salaries)	₹2.8 L/yr - ₹5.5 L/yr
6 years (12 salaries)	₹3.5 L/yr - ₹5.5 L/yr
7 years (12 salaries)	₹3.5 L/yr - ₹5.1 L/yr
8 years (9 salaries)	₹3.5 L/yr - ₹6.4 L/yr
9 years (4 salaries)	₹3.1 L/yr - ₹6.1 L/yr
10 years (3 salaries)	₹4.3 L/yr - ₹5.5 L/yr
11 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
12 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
13 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr

View all

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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

4.1

Rated by 11 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

see more salary related reviews

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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 Business Development Manager Salaries by Location

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SBI Life Insurance Company Business Development Manager Salaries

SBI Life Insurance Company Business Development Manager salary in Customer Success, Service & Operations department in India ranges between ₹2.4 Lakhs to ₹6.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 58 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Business Development Manager salaries in Customer Success, Service & Operations in India (Updated 2025)

Companies similar to SBI Life Insurance Company for Business Development Manager in Customer Success, Service & Operations department

Latest annual salaries shared by SBI Life Insurance Company Business Development Manager in Customer Success, Service & Operations department

Experience wise SBI Life Insurance Company Business Development Manager salaries in Customer Success, Service & Operations department

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

Tell us how to improve this page.

SBI Life Insurance Company Business Development Manager Salaries by Location