Search

Salaries

  • Reviews
  • Salaries
  • Interview Questions
  • About Company
  • Benefits
  • Jobs
  • Office Photos
  • Community
+ Contribute
notification
notification
Login
Upload Button Icon Add office photos
Employer? Claim Account for FREE

SBI Life Insurance Company

Compare button icon Compare button icon Compare
3.8

based on 3.9k Reviews

Play video Play video Video summary
filter salariesFilter salaries by

SBI Life Insurance Company Development Manager salaries in Hyderabad / Secunderabad (Updated 2025)

Annual salary range
0 - 10 years exp.
₹2 Lakhs - ₹4.1 Lakhs
Avg. annual salary
unlock blur

Monthly In-hand Salary

unlock blur

56% less than the average Development Manager Salary in Insurance Companies for 0 - 10 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Sales & Business Development
Development Manager Salary
0 - 10 years exp. (7 salaries)
unlock-blur

₹2.5 L/yr - ₹4.1 L/yr

BFSI, Investments & Trading
Development Manager Salary
0 - 3 years exp. (5 salaries)
unlock-blur

₹2.4 L/yr - ₹3.6 L/yr

Marketing & Communication
Development Manager Salary
1 - 6 years exp. (4 salaries)
unlock-blur

₹2 L/yr - ₹3.5 L/yr

Customer Success, Service & Operations
Development Manager Salary
0 - 5 years exp. (3 salaries)
unlock-blur

₹2.5 L/yr - ₹3.6 L/yr

Finance & Accounting
Development Manager Salary
2 - 7 years exp. (3 salaries)
unlock-blur

₹3.1 L/yr - ₹3.5 L/yr

Last Updated: 6 Apr 2025

Companies similar to SBI Life Insurance Company for Development Manager in Hyderabad / Secunderabad

Logo
SBI Life Insurance Company Development Manager Salary

0 - 10 years exp. (28 salaries)
unlock blur

₹2 L/yr - ₹4.1 L/yr

vs
Company name Avg Annual Salary Open Jobs
Logo
ICICI Prudential Life Insurance Development Manager Salary

2 - 6 years exp. (4 salaries)
unlock blur

₹2.2 L/yr - ₹4.1 L/yr

arrow icon 17% more
Logo
HighRadius Development Manager Salary

10 - 19 years exp. (17 salaries)
unlock blur

₹25 L/yr - ₹43.6 L/yr

arrow icon 1002% more
Logo
Oracle Development Manager Salary

11 - 16 years exp. (15 salaries)
unlock blur

₹14.5 L/yr - ₹35 L/yr

arrow icon 825% more
Logo
Edelweiss Life Insurance Development Manager Salary

0 - 8 years exp. (9 salaries)
unlock blur

₹2.6 L/yr - ₹3.6 L/yr

arrow icon 2% less
 2 job openings
Logo
Electronic Arts Development Manager Salary

10 - 16 years exp. (8 salaries)
unlock blur

₹17 L/yr - ₹36 L/yr

arrow icon 676% more
Development Manager salary at SBI Life Insurance Company ranges between ₹2 Lakhs to ₹4.1 Lakhs per year for employees with less than 1 year of experience to 10 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 Hyderabad / Secunderabad

5d ago
₹3.5 Lakhs
9 years exp.
3w ago
₹3 Lakhs
1 year exp.
1mo ago
₹2.4 Lakhs
5 months exp.
2mo ago
₹3 Lakhs
1 year exp.
8mo ago
₹2.5 Lakhs
7 years exp.
8mo ago
avg blur mobile
3 years exp.
9mo ago
avg blur mobile
5 months exp.
1y ago
avg blur mobile
10 years exp.
1y ago
avg blur mobile
2 years exp.
1y ago
avg blur mobile
2 years exp.

Experience wise SBI Life Insurance Company Development Manager salaries in Hyderabad / Secunderabad

Last Updated: 6 Apr 2025

Experience Avg Annual Salary
Fresher  (3 salaries)

unlock blur

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

unlock blur

₹2 L/yr - ₹3.1 L/yr
2 years  (5 salaries)

unlock blur

₹2.4 L/yr - ₹4.1 L/yr
3 years  (4 salaries)

unlock blur

₹2.4 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)

unlock blur

₹2.8 L/yr - ₹3.5 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary
(57 salaries)
unlock blur
₹2.35 L/yr - ₹6 L/yr
Business Development Executive Salary
(22 salaries)
unlock blur
₹2.35 L/yr - ₹4.5 L/yr
Area Manager Salary
(16 salaries)
unlock blur
₹6 L/yr - ₹11.5 L/yr
Associate Vice President Salary
(14 salaries)
unlock blur
₹10.8 L/yr - ₹36.5 L/yr
Operations Associate Salary
(10 salaries)
unlock blur
₹2.2 L/yr - ₹3.5 L/yr
Senior Associate Operations Salary
(5 salaries)
unlock blur
₹3.5 L/yr - ₹5.2 L/yr
Unit Manager Salary
(5 salaries)
unlock blur
₹2 L/yr - ₹3.9 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

5.0

Rated by 3 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

read more

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

Discover interview dos and don'ts from real experiences

Top trending discussions

View All
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?
Got a question about SBI Life Insurance Company?
Ask anonymously on communities.
More about working at SBI Life Insurance Company

SBI Life Insurance Company Development Manager Salary FAQs

What is the salary of Development Manager at SBI Life Insurance Company in Hyderabad / Secunderabad?
The average salary of a Development Manager at SBI Life Insurance Company in Hyderabad / Secunderabad typically ranges from ₹2.0 Lakhs to ₹4.1 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Development Manager in Hyderabad / Secunderabad at SBI Life Insurance Company earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹4.1 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 Hyderabad / Secunderabad?
The estimated take-home salary of a Development Manager at SBI Life Insurance Company in Hyderabad / Secunderabad typically ranges from ₹23,129 to ₹24,596 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.1 Lakhs per year for employees with experience ranging from Fresher to 10 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 Hyderabad / Secunderabad?
To be a Development Manager at SBI Life Insurance Company in Hyderabad / Secunderabad, 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?
HighRadius ₹25.0 Lakhs to ₹43.6 Lakhs per year
Oracle ₹14.5 Lakhs to ₹35.0 Lakhs per year
Electronic Arts ₹17.0 Lakhs to ₹36.0 Lakhs per year
ICICI Prudential Life Insurance ₹2.2 Lakhs to ₹4.1 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.
What is the salary of a Development Manager in companies similar to SBI Life Insurance Company in Hyderabad / Secunderabad?
The salary of a Development Manager at companies similar to SBI Life Insurance Company in Hyderabad / Secunderabad varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Edelweiss Life Insurance ₹2.6 Lakhs to ₹3.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Development Manager at SBI Life Insurance Company in Hyderabad / Secunderabad?
The salary growth for a Development Manager at SBI Life Insurance Company in Hyderabad / Secunderabad depends on factors such as experience, performance, and promotions. On average, a Development Manager in Hyderabad / Secunderabad 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 ₹2.0 Lakhs to ₹3.1 Lakhs per year
2 years ₹2.4 Lakhs to ₹4.1 Lakhs per year
3 years ₹2.4 Lakhs to ₹3.2 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Development Manager salary in Hyderabad / Secunderabad ranges between ₹2 Lakhs to ₹4.1 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.