Upload Button Icon Add office photos
filter salariesFilter salaries by

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

Annual salary range
0 - 12 years exp.
₹1.8 Lakh - ₹4.5 Lakhs
Salary of majority employees
unlock blur
unlock blur

75% less than the average Development Manager Salary in Insurance Companies for 0 - 12 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Sales & Business Development
Development Manager Salary
0 - 12 years exp. (91 salaries)
unlock-blur

₹2.3 L/yr - ₹4.5 L/yr

BFSI, Investments & Trading
Development Manager Salary
0 - 11 years exp. (63 salaries)
unlock-blur

₹1.8 L/yr - ₹4.5 L/yr

Marketing & Communication
Development Manager Salary
0 - 8 years exp. (29 salaries)
unlock-blur

₹1.8 L/yr - ₹4.5 L/yr

Customer Success, Service & Operations
Development Manager Salary
0 - 10 years exp. (26 salaries)
unlock-blur

₹2.4 L/yr - ₹4.5 L/yr

Finance & Accounting
Development Manager Salary
0 - 9 years exp. (23 salaries)
unlock-blur

₹2 L/yr - ₹4.5 L/yr

Last Updated: 2 Mar 2025

Companies similar to SBI Life Insurance Company for Development Manager

Company name Avg Annual Salary Open Jobs
unlock blur

₹2.2 L/yr - ₹5 L/yr

arrow icon 20% more
Logo
HDFC Life Development Manager Salary

0 - 6 years exp. (18 salaries)

unlock blur

₹2.6 L/yr - ₹4.3 L/yr

At par
Logo
Max Life Insurance Development Manager Salary

0 - 10 years exp. (37 salaries)

unlock blur

₹2.1 L/yr - ₹5 L/yr

arrow icon 19% more
unlock blur

₹3.5 L/yr - ₹4.5 L/yr

arrow icon 23% more
unlock blur

₹1.9 L/yr - ₹4.1 L/yr

arrow icon 14% less
2 job openings
unlock blur

₹4.5 L/yr - ₹17 L/yr

arrow icon 185% more
unlock blur

₹3.2 L/yr - ₹5 L/yr

arrow icon 26% more
unlock blur

₹2.4 L/yr - ₹8 L/yr

arrow icon 66% more
unlock blur

₹2.8 L/yr - ₹4.3 L/yr

arrow icon 3% more
unlock blur

₹5 L/yr - ₹6.7 L/yr

arrow icon 75% more
unlock blur

₹3.7 L/yr - ₹4 L/yr

arrow icon 13% more
unlock blur

₹1 L/yr - ₹4.5 L/yr

arrow icon 6% less
unlock blur

₹1.8 L/yr - ₹7 L/yr

arrow icon 22% more

Mark your calendar for
Women @ Work from Mar 6-8

Grow your career with industry insights, exclusive jobs & exciting rewards

Development Manager salary at SBI Life Insurance Company ranges between ₹1.8 Lakh to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 333 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Development Manager

2d ago
avg blur mobile
3 years exp.
4d ago
avg blur mobile
10 years exp.
6d ago
avg blur mobile
1 year exp.
1w ago
avg blur mobile
5 months exp.
2w ago
avg blur mobile
2 years exp.
2w ago
avg blur mobile
10 years exp.
2w ago
avg blur mobile
11 years exp.
2w ago
avg blur mobile
5 years exp.
3w ago
avg blur mobile
5 years exp.
3w ago
avg blur mobile
2 years exp.

Experience wise SBI Life Insurance Company Development Manager salaries

Last Updated: 2 Mar 2025

Experience Avg Annual Salary
Fresher  (25 salaries)

unlock blur

₹1.8 L/yr - ₹3.5 L/yr
1 year  (48 salaries)

unlock blur

₹1.8 L/yr - ₹4.1 L/yr
2 years  (46 salaries)

unlock blur

₹1.8 L/yr - ₹4.2 L/yr
3 years  (54 salaries)

unlock blur

₹2 L/yr - ₹4.5 L/yr
4 years  (41 salaries)

unlock blur

₹2.1 L/yr - ₹4.5 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

unlock blur
₹6.75 L/yr - ₹14.5 L/yr
Product Manager Salary
(18 salaries)
unlock blur
₹7.8 L/yr - ₹14.5 L/yr
unlock blur
₹12.1 L/yr - ₹20 L/yr
unlock blur
₹11 L/yr - ₹20.6 L/yr
Senior Project Manager Salary
(AmbitionBox Estimate)
unlock blur
₹8.5 L/yr - ₹10.8 L/yr
Senior Engineering Manager Salary
(AmbitionBox Estimate)
unlock blur
₹31.5 L/yr - ₹40.3 L/yr
unlock blur
₹3.5 L/yr - ₹7 L/yr
Technical Lead Salary
(AmbitionBox Estimate)
unlock blur
₹3.9 L/yr - ₹4.9 L/yr
unlock blur
₹13 L/yr - ₹33 L/yr
Technical Architect Salary
(AmbitionBox Estimate)
unlock blur
₹14.4 L/yr - ₹18.4 L/yr

Top skills at SBI Life Insurance Company for Development Manager

Sales Tied Channel Casa Insurance Pharmaceutical Sales

Salary related reviews for SBI Life Insurance Company

3.6

Rated by 176 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 18 Oct 2023

1.0
 for  Salary and Benefits

Likes

...R profile like a puppet.Every single decesion are managed by higher authorities. No work and life balance, salary are on time but no increment very pathetic salary structure. No self respect. No work time. No emotion . Daily pressure. Vary vary bad 😭

read more
  • Job security - Good
  • +1 more

Dislikes

Every thing Accept salary on time

  • Salary - Bad
  • +4 more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 23 Mar 2024

2.0
 for  Salary and Benefits

Likes

SBI LIFE company one of d best Lerner and advance business development company. I learnt about recruitment, business development, product knowledge, proper training, market identification, prospect screening everything... This base given me stronger now make my leadership skills, culture is very good, supportive operation staff, digital marketing services also digital payment security is one of d best function. I like learning, build relationships with my team, products and culture.

read more
  • Skill development - Good
  • +2 more

Dislikes

It's issue about low salary, holiday weekend not allowed, some seniors behaviour very rude and harrasment. Company HR not responded after leaving job, some manager HR not understanding what is situation about employee. Very badly speak in front of our team, ts hurt.

read more
  • Salary - Poor

Full Time

 · 

Other Department

5.0
  •  posted on 25 Nov 2023

5.0
 for  Salary and Benefits

Likes

Company is very good mangement is also good everyone supporting everything

  • Salary - Excellent
  • +6 more

Dislikes

There are not supporting lead and salary is fixed convince is fixed adviser earn more commission and incentives is very cheap

read more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 05 Aug 2023

5.0
 for  Salary and Benefits

Likes

Good company banded n work culture is very good company provide salary before 31st to motivate employees

read more
  • Salary - Excellent
  • +4 more

Dislikes

As its a sales profile it involves pressure n one more thing us as v appoint advisors advisors won't work only DM should work n give benefits to the lm sone lms are only for fulfilling job criteria 90% LM job is going to be done by DM only

read more

Engineering - Software & QA Department

5.0
  •  posted on 03 Sep 2020

3.0
 for  Salary and Benefits

Likes

During this Covid-19, SBI Life is very supportive & understands the situation well. SBI Life is allowing and encouraging it's employees to work from home, for the same company's IT team is providing all support and resources to make work from home convenient for all.

read more
  • Skill development - Excellent
  • +3 more

Dislikes

Career growth and opportunities are low. Compensation n Benefits are average.

read more
  • Promotions - Poor
see more salary related reviews

Discover interview dos and don'ts from real experiences

SBI Life Insurance Company Development Manager Salary FAQs

What is the salary of Development Manager at SBI Life Insurance Company?
Development Manager salary at SBI Life Insurance Company in India ranges between ₹1.8 Lakhs to ₹4.5 Lakhs for less than 1 year of experience to 12 years. According to our estimates it is 75% less than the average Development Manager Salary in India. Salary estimates are based on 333 latest salaries received from various employees of SBI Life Insurance Company India.
How does the salary of a Development Manager at SBI Life Insurance Company India compare with the average salary range for this job?
The average salary of a Development Manager at SBI Life Insurance Company is 75% less than the average salary of a Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Development Manager at SBI Life Insurance Company?
Sales, Tied Channel, Casa, Insurance and Pharmaceutical Sales are some of the popular skills required to work as a Development Manager at SBI Life Insurance Company India.
Which similar companies are paying more than SBI Life Insurance Company to a Development Manager in India?
  • Tata AIA Life Insurance Development Manager Salary - ₹4.5 Lakhs to ₹17.0 Lakhs per year
  • HDFC Ergo General Insurance Development Manager Salary - ₹5.0 Lakhs to ₹6.7 Lakhs per year
  • Life Insurance Corporation of India Development Manager Salary - ₹2.4 Lakhs to ₹8.0 Lakhs per year
  • Kotak Mahindara Life Insurance Development Manager Salary - ₹3.2 Lakhs to ₹5.0 Lakhs per year
  • Bajaj Allianz Life Insurance Development Manager Salary - ₹3.5 Lakhs to ₹4.5 Lakhs per year
What is the salary of a Development Manager in companies similar to SBI Life Insurance Company in India?
  • Star Health & Allied Insurance Development Manager Salary - ₹1.8 Lakhs to ₹7.0 Lakhs per year
  • ICICI Prudential Life Insurance Development Manager Salary - ₹2.2 Lakhs to ₹5.0 Lakhs per year
  • Max Life Insurance Development Manager Salary - ₹2.1 Lakhs to ₹5.0 Lakhs per year
  • Shriram Life Insurance Development Manager Salary - ₹3.7 Lakhs to ₹4.0 Lakhs per year
  • ICICI Lombard General Insurance Company Development Manager Salary - ₹2.8 Lakhs to ₹4.3 Lakhs per year
What is the estimated take home salary of a Development Manager at SBI Life Insurance Company in India?
The estimated take-home salary of a Development Manager at SBI Life Insurance Company ranges between ₹23,528 per month to ₹24,989 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Development Manager salary in India which ranges between ₹1.8 Lakhs to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 12 years. Check how did we calculate take home salary?
What is the notice period for Development Manager at SBI Life Insurance Company?
According to AmbitionBox, 41% of the SBI Life Insurance Company Development Managers reported a notice period of 1 Month, 36% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 795 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

SBI Life Insurance Company Development Manager salary in India ranges between ₹1.8 Lakh to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 333 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.