SBI Life Insurance Company Chennai Development Manager Salaries by 20+ Employees

0 - 11 years exp.

₹1.8 Lakh - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

60% less than the average Development Manager Salary in Insurance Companies for 0 - 11 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Development Manager Salary 0 - 11 years exp. (8 salaries)	₹2.5 L/yr - ₹3.5 L/yr
Sales & Business Development Development Manager Salary 3 - 7 years exp. (6 salaries)	₹2.4 L/yr - ₹3.5 L/yr
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Marketing & Communication Development Manager Salary 0 - 6 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹3.5 L/yr
Customer Success, Service & Operations Development Manager Salary 9 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.2 L/yr
Finance & Accounting Development Manager Salary 2 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹3.5 L/yr

Last Updated: 27 Dec 2024

Companies similar to SBI Life Insurance Company for Development Manager in Chennai

SBI Life Insurance Company Development Manager Salary

0 - 11 years exp. (25 salaries)

₹1.8 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Development Manager Salary 2 - 13 years exp. (5 salaries)	₹3 L/yr - ₹5.1 L/yr 20% more
Standard Chartered Development Manager Salary 9 - 17 years exp. (62 salaries)	₹12.6 L/yr - ₹40 L/yr 765% more
Login to view exact salary
BNY Development Manager Salary 11 - 19 years exp. (18 salaries)	₹15 L/yr - ₹41 L/yr 728% more
NatWest Group Development Manager Salary 6 - 18 years exp. (17 salaries)	₹13 L/yr - ₹34.8 L/yr 691% more
Edelweiss Life Insurance Development Manager Salary 2 - 9 years exp. (11 salaries)	₹2.2 L/yr - ₹4 L/yr At par	2 job openings

Development Manager salary at SBI Life Insurance Company ranges between ₹1.8 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 25 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Development Manager in Chennai

3mo ago

₹3 Lakhs

2 years exp.

5mo ago

₹3 Lakhs

6 months exp.

5mo ago

₹3.5 Lakhs

11 years exp.

7mo ago

₹4 Lakhs

2 years exp.

8mo ago

₹3.5 Lakhs

6 years exp.

10mo ago

5 years exp.

1y ago

3 years exp.

1y ago

10 years exp.

1y ago

1 year exp.

1y ago

1 year exp.

Experience wise SBI Life Insurance Company Development Manager salaries in Chennai

Last Updated: 27 Dec 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	₹1.8 L/yr - ₹3 L/yr
1 year (4 salaries)	₹2 L/yr - ₹5.2 L/yr
Login to view exact salary
2 years (5 salaries)	₹2 L/yr - ₹4 L/yr
3 years (3 salaries)	₹2.5 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
6 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
7 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
8 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
9 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
10 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
11 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary

(22 salaries)

₹2.4 L/yr - ₹5.5 L/yr

Area Manager Salary

(13 salaries)

₹6.71 L/yr - ₹13 L/yr

Sales Executive Salary

(5 salaries)

₹2.35 L/yr - ₹3.05 L/yr

Associate Vice President Salary

(5 salaries)

₹15 L/yr - ₹20.85 L/yr

Sales Support Associate Salary

(4 salaries)

₹1.2 L/yr - ₹2 L/yr

Operations Associate Salary

(3 salaries)

₹2.9 L/yr - ₹4.5 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

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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 Development Manager Salary FAQs

What is the salary of Development Manager at SBI Life Insurance Company in Chennai?

The average salary of a Development Manager at SBI Life Insurance Company in Chennai typically ranges from ₹1.8 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 11 years).

The top 10% of Development Manager in Chennai at SBI Life Insurance Company earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹4.0 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 Chennai?

The estimated take-home salary of a Development Manager at SBI Life Insurance Company in Chennai typically ranges from ₹22,810 to ₹24,282 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 11 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 Chennai?

To be a Development Manager at SBI Life Insurance Company in Chennai, 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?

Standard Chartered	₹12.6 Lakhs to ₹40.0 Lakhs per year
BNY	₹15.0 Lakhs to ₹41.0 Lakhs per year
NatWest Group	₹13.0 Lakhs to ₹34.8 Lakhs per year
Axis Max Life Insurance	₹3.0 Lakhs to ₹5.1 Lakhs per year
Edelweiss Life Insurance	₹2.2 Lakhs to ₹4.0 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 Chennai?

The salary growth for a Development Manager at SBI Life Insurance Company in Chennai depends on factors such as experience, performance, and promotions. On average, a Development Manager in Chennai can expect the following growth trajectory at SBI Life Insurance Company:

Experience	Average Salary Range
Fresher	₹1.8 Lakhs to ₹3.0 Lakhs per year
1 year	₹2.0 Lakhs to ₹5.2 Lakhs per year
2 years	₹2.0 Lakhs to ₹4.0 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.0 Lakhs per year

and so on.

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SBI Life Insurance Company Development Manager Salaries in Chennai

SBI Life Insurance Company Development Manager salary in Chennai ranges between ₹1.8 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 25 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.