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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 Development Manager salaries in Bangalore / Bengaluru (Updated 2025)

Annual salary range
0 - 8 years exp.
₹2.4 Lakhs - ₹4.8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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76% less than the average Development Manager Salary in Insurance Companies for 0 - 8 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Finance & Accounting
Development Manager Salary
1 - 7 years exp. (7 salaries)
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₹2.8 L/yr - ₹3.6 L/yr

Sales & Business Development
Development Manager Salary
0 - 8 years exp. (7 salaries)
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₹2.5 L/yr - ₹4.5 L/yr

BFSI, Investments & Trading
Development Manager Salary
3 - 8 years exp. (3 salaries)
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₹2.4 L/yr - ₹4.8 L/yr

Marketing & Communication
Development Manager Salary
1 - 5 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹3.7 L/yr

Customer Success, Service & Operations
Development Manager Salary
Fresher (AmbitionBox Estimate)
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₹2.4 L/yr - ₹3.7 L/yr

Last Updated: 3 Apr 2025

Companies similar to SBI Life Insurance Company for Development Manager in Bangalore / Bengaluru

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SBI Life Insurance Company Development Manager Salary

0 - 8 years exp. (28 salaries)
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₹2.4 L/yr - ₹4.8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Kotak Mahindara Life Insurance Development Manager Salary

0 - 9 years exp. (4 salaries)
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₹3.5 L/yr - ₹4 L/yr

arrow icon 17% more
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HDFC Life Development Manager Salary

2 - 7 years exp. (3 salaries)
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₹3 L/yr - ₹4.3 L/yr

arrow icon 8% more
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Standard Chartered Development Manager Salary

9 - 17 years exp. (41 salaries)
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₹16.7 L/yr - ₹39.2 L/yr

arrow icon 801% more
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FIS Development Manager Salary

13 - 18 years exp. (32 salaries)
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₹19.2 L/yr - ₹34.1 L/yr

arrow icon 799% more
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Amadeus Development Manager Salary

11 - 16 years exp. (25 salaries)
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₹27 L/yr - ₹48.5 L/yr

arrow icon 1069% more
Development Manager salary at SBI Life Insurance Company ranges between ₹2.4 Lakhs to ₹4.8 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 28 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Development Manager in Bangalore / Bengaluru

2d ago
₹2.5 Lakhs
5 months exp.
4w ago
₹4.8 Lakhs
8 years exp.
2mo ago
₹3 Lakhs
3 years exp.
2mo ago
₹2.8 Lakhs
4 years exp.
2mo ago
₹4 Lakhs
6 years exp.
3mo ago
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7 years exp.
4mo ago
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7 years exp.
4mo ago
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5 months exp.
5mo ago
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8 years exp.
5mo ago
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1 year exp.

Experience wise SBI Life Insurance Company Development Manager salaries in Bangalore / Bengaluru

Last Updated: 3 Apr 2025

Experience Avg Annual Salary
Fresher  (3 salaries)

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₹2.4 L/yr - ₹3 L/yr
1 year  (5 salaries)

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₹2.5 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.6 L/yr
3 years  (6 salaries)

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₹2.4 L/yr - ₹3.5 L/yr
4 years  (3 salaries)

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₹2.5 L/yr - ₹5.8 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary
(33 salaries)
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₹2.8 L/yr - ₹5.3 L/yr
Area Manager Salary
(24 salaries)
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₹7.5 L/yr - ₹14.26 L/yr
Business Development Executive Salary
(18 salaries)
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₹2 L/yr - ₹4 L/yr
Operations Associate Salary
(10 salaries)
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₹2 L/yr - ₹3.2 L/yr
BDM Salary
(7 salaries)
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₹3 L/yr - ₹6.5 L/yr
Associate Vice President Salary
(7 salaries)
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₹18.5 L/yr - ₹36 L/yr
Sales Executive Salary
(3 salaries)
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₹2 L/yr - ₹4.7 L/yr
Unit Manager Salary
(3 salaries)
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₹2.97 L/yr - ₹3.5 L/yr
Sales Support Associate Salary
(3 salaries)
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₹1.8 L/yr - ₹3.5 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

3.1

Rated by 4 employees for salary & benefits

Development Manager in Jhargram

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

Development Manager in Kolhapur

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

Development Manager in New Delhi

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

Development Manager in Chikkaballapur

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

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Product Manager in Mumbai

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

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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 Development Manager Salary FAQs

What is the salary of Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru?
The average salary of a Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru typically ranges from ₹2.4 Lakhs to ₹4.8 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Development Manager in Bangalore / Bengaluru at SBI Life Insurance Company earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. 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 20+ SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru?
The estimated take-home salary of a Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru typically ranges from ₹24,399 to ₹25,846 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from Fresher to 8 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 20+ 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 Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru?
To be a Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru, the key skills required include:

  • - Sales
  • - Tied Channel
  • - Casa
  • - Insurance
  • - Pharmaceutical 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 Development Manager in India?
Amadeus ₹27.0 Lakhs to ₹48.5 Lakhs per year
Standard Chartered ₹16.7 Lakhs to ₹39.2 Lakhs per year
FIS ₹19.2 Lakhs to ₹34.1 Lakhs per year
Kotak Mahindara Life Insurance ₹3.5 Lakhs to ₹4.0 Lakhs per year
HDFC Life ₹3.0 Lakhs to ₹4.3 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.
How the salary growth look like for a Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru?
The salary growth for a Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Development Manager in Bangalore / Bengaluru can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
Fresher ₹2.4 Lakhs to ₹3.0 Lakhs per year
1 year ₹2.5 Lakhs to ₹3.5 Lakhs per year
2 years ₹2.8 Lakhs to ₹3.6 Lakhs per year
3 years ₹2.4 Lakhs to ₹3.5 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Development Manager salary in Bangalore / Bengaluru ranges between ₹2.4 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 28 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.