SBI Life Insurance Company Mumbai Development Manager Salaries by Employees (Updated 2025)

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

SBI Life Insurance Company Development Manager Salary

(AmbitionBox Estimate)

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Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Development Manager Salary 1 - 7 years exp. (12 salaries)	₹3.3 L/yr - ₹5 L/yr 61% more
Max Life Insurance Development Manager Salary 2 - 7 years exp. (3 salaries)	₹3.7 L/yr - ₹4.5 L/yr 57% more
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Kotak Mahindara Life Insurance Development Manager Salary 3 - 5 years exp. (3 salaries)	₹3.5 L/yr - ₹4.1 L/yr 58% more
ICICI Lombard General Insurance Company Development Manager Salary 2 - 4 years exp. (3 salaries)	₹3.3 L/yr - ₹3.5 L/yr 32% more
Edelweiss Life Insurance Development Manager Salary 3 - 11 years exp. (8 salaries)	₹3 L/yr - ₹3.5 L/yr 22% more	8 job openings

Similar Designation salaries in SBI Life Insurance Company

Product Manager Salary

(15 salaries)

₹7.8 L/yr - ₹13.6 L/yr

Project Manager Salary

(4 salaries)

₹6.75 L/yr - ₹14 L/yr

Program Manager Salary

(3 salaries)

₹12.2 L/yr - ₹20 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

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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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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SBI Life Insurance Company Development Manager Salary FAQs

What is the notice period for Development Manager at SBI Life Insurance Company in Mumbai?

According to AmbitionBox, 71% of the SBI Life Insurance Company Development Managers in Mumbai reported a notice period of 1 Month, 15% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.