SBI Life Insurance Company Bangalore / Bengaluru Development Manager Salaries by 20+ Employees (Updated 2025)

0 - 8 years exp.

₹2.4 Lakhs - ₹4.8 Lakhs

Salary of majority employees

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)	₹2.8 L/yr - ₹3.6 L/yr
Sales & Business Development Development Manager Salary 3 - 8 years exp. (6 salaries)	₹3 L/yr - ₹4.5 L/yr
Login to view exact salary
Marketing & Communication Development Manager Salary 1 - 5 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr
BFSI, Investments & Trading Development Manager Salary 3 - 8 years exp. (3 salaries)	₹2.4 L/yr - ₹4.8 L/yr
Customer Success, Service & Operations Development Manager Salary Fresher (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.7 L/yr

Last Updated: 8 Mar 2025

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

SBI Life Insurance Company Development Manager Salary

0 - 8 years exp. (29 salaries)

₹2.4 L/yr - ₹4.8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Development Manager Salary 2 - 7 years exp. (3 salaries)	₹3 L/yr - ₹4.3 L/yr 9% more
Kotak Mahindara Life Insurance Development Manager Salary 0 - 9 years exp. (4 salaries)	₹3.5 L/yr - ₹4.1 L/yr 22% more
Login to view exact salary
Standard Chartered Development Manager Salary 8 - 17 years exp. (46 salaries)	₹16.7 L/yr - ₹45 L/yr 778% more
FIS Development Manager Salary 13 - 18 years exp. (31 salaries)	₹19.2 L/yr - ₹34.1 L/yr 810% more
Amadeus Development Manager Salary 10 - 16 years exp. (24 salaries)	₹25 L/yr - ₹46.2 L/yr 1025% 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 29 latest salaries received from various employees of SBI Life Insurance Company.

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

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
1 year (5 salaries)	₹2.5 L/yr - ₹3.5 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.6 L/yr
3 years (7 salaries)	₹2.4 L/yr - ₹4.5 L/yr
4 years (4 salaries)	₹2.5 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.3 L/yr
6 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹4 L/yr
7 years (4 salaries)	₹3 L/yr - ₹4 L/yr
8 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4.8 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary

(33 salaries)

₹2.8 L/yr - ₹5.3 L/yr

Area Manager Salary

(24 salaries)

₹7.5 L/yr - ₹13.21 L/yr

Business Development Executive Salary

(19 salaries)

₹2 L/yr - ₹4.4 L/yr

Operations Associate Salary

(11 salaries)

₹1.8 L/yr - ₹3.2 L/yr

BDM Salary

(7 salaries)

₹3 L/yr - ₹6.5 L/yr

Associate Vice President Salary

(6 salaries)

₹18.5 L/yr - ₹36 L/yr

Sales Support Associate Salary

(5 salaries)

₹1.8 L/yr - ₹3.5 L/yr

Sales Executive Salary

(3 salaries)

₹2 L/yr - ₹4.7 L/yr

Unit Manager Salary

(3 salaries)

₹2.87 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 😭

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.

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.

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

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

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

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.

Skill development - Excellent

+3 more

Dislikes

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

Promotions - Poor

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

Got a question about SBI Life Insurance Company?

Ask anonymously on communities.

SBI Life Insurance Company Development Manager Salary FAQs

What is the salary of Development Manager at SBI Life Insurance Company Bangalore / Bengaluru?

Development Manager salary at SBI Life Insurance Company in Bangalore / Bengaluru ranges between ₹2.4 Lakhs to ₹4.8 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 76% less than the average Development Manager Salary in India. Salary estimates are based on 29 latest salaries received from various employees of SBI Life Insurance Company Bangalore / Bengaluru.

How does the salary of a Development Manager at SBI Life Insurance Company Bangalore / Bengaluru compare with the average salary range for this job?

The average salary of a Development Manager at SBI Life Insurance Company is 76% less than the average salary of a Development Manager in Bangalore / Bengaluru. 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 Bangalore / Bengaluru.

Which similar companies are paying more than SBI Life Insurance Company to a Development Manager in Bangalore / Bengaluru?

Amadeus Development Manager Salary - ₹25.0 Lakhs to ₹46.2 Lakhs per year
FIS Development Manager Salary - ₹19.2 Lakhs to ₹34.1 Lakhs per year
Standard Chartered Development Manager Salary - ₹16.7 Lakhs to ₹45.0 Lakhs per year
Kotak Mahindara Life Insurance Development Manager Salary - ₹3.5 Lakhs to ₹4.1 Lakhs per year
HDFC Life Development Manager Salary - ₹3.0 Lakhs to ₹4.3 Lakhs per year

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 ranges between ₹24,016 per month to ₹25,470 per month in Bangalore / Bengaluru. The take-home salary calculation is based on the average SBI Life Insurance Company Development Manager salary in India which ranges between ₹2.4 Lakhs to ₹4.8 Lakhs per year for employees with less than 1 year of experience to 8 years. Check how did we calculate take home salary?

What is the notice period for Development Manager at SBI Life Insurance Company in Bangalore / Bengaluru?

According to AmbitionBox, 44% of the SBI Life Insurance Company Development Managers in Bangalore / Bengaluru reported a notice period of 15 days or less, 32% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 25 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
SBI Life Insurance Company Salaries >
SBI Life Insurance Company Development Manager Salaries >
SBI Life Insurance Company Development Manager Salaries in Bangalore / Bengaluru

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 ₹. Salary estimates are based on 29 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Development Manager salaries in Bangalore / Bengaluru (Updated 2025)

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

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

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

Similar Designation salaries in SBI Life Insurance Company

Top skills at SBI Life Insurance Company for Development Manager

Salary related reviews for SBI Life Insurance Company

Development Manager in Jhargram

Development Manager in Kolhapur

Development Manager in New Delhi

Development Manager in Chikkaballapur

Product Manager in Mumbai

SBI Life Insurance Company Development Manager Salary FAQs

Tell us how to improve this page.