SBI Life Insurance Company Sales Development Manager Salaries by 10+ Employees (Updated 2025)

0 - 8 years exp.

₹2.5 Lakhs - ₹4 Lakhs

Salary of majority employees

34% less than the average Sales Development Manager Salary in Insurance Companies for 0 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Sales Development Manager Salary 2 - 5 years exp. (3 salaries)	₹2.5 L/yr - ₹3.5 L/yr
Finance & Accounting Sales Development Manager Salary 4 - 6 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.5 L/yr
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Sales & Business Development Sales Development Manager Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4 L/yr

Last Updated: 18 Jun 2024

Companies similar to SBI Life Insurance Company for Sales Development Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Sales Development Manager Salary 1 - 8 years exp. (4 salaries)	₹2.5 L/yr - ₹5.2 L/yr 31% more
HDFC Life Sales Development Manager Salary 0 - 8 years exp. (921 salaries)	₹1.5 L/yr - ₹4.5 L/yr 6% more	7 job openings
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Max Life Insurance Sales Development Manager Salary 3 - 5 years exp. (4 salaries)	₹1.8 L/yr - ₹3 L/yr 13% less
Bajaj Allianz Life Insurance Sales Development Manager Salary 3 - 9 years exp. (4 salaries)	₹1.8 L/yr - ₹8.5 L/yr 60% more
Kotak Mahindara Life Insurance Sales Development Manager Salary 0 - 4 years exp. (3 salaries)	₹3.6 L/yr - ₹6.5 L/yr 50% more
Reliance Nippon Life Insurance Sales Development Manager Salary 0 - 3 years exp. (3 salaries)	₹2.6 L/yr - ₹3 L/yr 5% less
Tata AIA Life Insurance Sales Development Manager Salary 2 - 5 years exp. (5 salaries)	₹2.5 L/yr - ₹4.8 L/yr 20% more
Shriram Life Insurance Sales Development Manager Salary 1 - 3 years exp. (7 salaries)	₹1.8 L/yr - ₹2.4 L/yr 31% less
HDFC Ergo General Insurance Sales Development Manager Salary 3 - 4 years exp. (4 salaries)	₹2.2 L/yr - ₹2.7 L/yr 15% less
ICICI Lombard General Insurance Company Sales Development Manager Salary 2 - 14 years exp. (3 salaries)	₹3.3 L/yr - ₹6 L/yr 47% more

Sales Development Manager salary at SBI Life Insurance Company ranges between ₹2.5 Lakhs to ₹4 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 15 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Sales Development Manager salaries

Last Updated: 18 Jun 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹5.5 L/yr
1 year (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.5 L/yr
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2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.5 L/yr
3 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.5 L/yr
5 years (3 salaries)	₹2.5 L/yr - ₹3.5 L/yr
6 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.5 L/yr
7 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹4 L/yr
8 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹4 L/yr

View all

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Salary related reviews for SBI Life Insurance Company

4.3

Rated by 5 employees for salary & benefits

Agency Manager in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

1.0

• posted on 27 Jun 2023

1.0

for Salary and Benefits

Likes

Good organisation for learning Training provide by that organisation is very good Customer service is nice Chain of branch is very good..

Skill development - Good

Dislikes

...ale without competition Senior manager always gives pressure to unit manager.. They earn 6 digit salary and lower staff salary is only 20k... promote product Boucher to investment own money...mea If you join that organisation get ready for so much pressure with low salary

Salary - Bad

+5 more

Agency Manager in Dharamshala

Human Resources Department

5.0

• posted on 25 May 2022

5.0

for Salary and Benefits

Likes

Job security depends on your working If u are doing well on all parameters your job is secured company is employees oriented salary hike is only on your promotion

Salary - Excellent

+6 more

Dislikes

Management is good salary hike is depend on your promotion that is the major problem in this company career growth is depends upon your promotion. And training is given by the company on all parameters

Senior Agency Manager in KATIHAR , Bihar

BFSI, Investments & Trading Department

5.0

• posted on 06 Aug 2020

5.0

for Salary and Benefits

Likes

Digital platform for field sales force and preventive step to stop bogus insurance. Always supportive guidance by Higher management/official .

Salary - Excellent

+6 more

Dislikes

Salary increments system is not satisfactory. A FLSM who fulfill NBP criteria but miss his/her promotion due to nominal margin of Persistancy they are not eligible to get beneficial of Salary increments .

Agency Manager in Bilaspur

Sales & Business Development Department

5.0

• posted on 02 Apr 2020

2.0

for Salary and Benefits

Likes

SBI life Insurance is a very good company regarding salary growth working environment learning but politics is overwhelming in this company your long time survival depends allways on the bosses will' that should be taken care by the company. what is review? it's is kind of where you are lacking and where should improve but Review means here do or die. perform or perish.in this way sbi is loosing Good hardworking and skillful workers.

Work-life balance - Good

Dislikes

everything is ok in sbi there is to much of review

Salary - Poor

+2 more

Branch Manager in Kumta

BFSI, Investments & Trading Department

3.0

• posted on 18 Jun 2020

3.0

for Salary and Benefits

Likes

Salary hike 3 to 5 % per year.Providing petrol exp and telephone exp based on cader.

Dislikes

Lot of politics, no HR Control , career growth is slow, induction training will not conducted in proper time. No value and respect for out Commer. High volume pressure on target and mental irritation. No any value addition from reporting manager.

Job security - Bad

+4 more

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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SBI Life Insurance Company Sales Development Manager Salary FAQs

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

Sales Development Manager salary at SBI Life Insurance Company in India ranges between ₹2.5 Lakhs to ₹4.0 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 34% less than the average Sales Development Manager Salary in India. Salary estimates are based on 15 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Sales Development Manager at SBI Life Insurance Company is 34% less than the average salary of a Sales Development Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Sales Development Manager in India?

Bajaj Allianz Life Insurance Sales Development Manager Salary - ₹1.8 Lakhs to ₹8.5 Lakhs per year
Kotak Mahindara Life Insurance Sales Development Manager Salary - ₹3.6 Lakhs to ₹6.5 Lakhs per year
ICICI Lombard General Insurance Company Sales Development Manager Salary - ₹3.3 Lakhs to ₹6.0 Lakhs per year
ICICI Prudential Life Insurance Sales Development Manager Salary - ₹2.5 Lakhs to ₹5.2 Lakhs per year
Tata AIA Life Insurance Sales Development Manager Salary - ₹2.5 Lakhs to ₹4.8 Lakhs per year

What is the salary of a Sales Development Manager in companies similar to SBI Life Insurance Company in India?

HDFC Life Sales Development Manager Salary - ₹1.5 Lakhs to ₹4.5 Lakhs per year
Reliance Nippon Life Insurance Sales Development Manager Salary - ₹2.6 Lakhs to ₹3.0 Lakhs per year
Max Life Insurance Sales Development Manager Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year
HDFC Ergo General Insurance Sales Development Manager Salary - ₹2.2 Lakhs to ₹2.7 Lakhs per year
Shriram Life Insurance Sales Development Manager Salary - ₹1.8 Lakhs to ₹2.4 Lakhs per year

What is the estimated take home salary of a Sales Development Manager at SBI Life Insurance Company in India?

The estimated take-home salary of a Sales Development Manager at SBI Life Insurance Company ranges between ₹21,598 per month to ₹23,088 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Sales Development Manager salary in India which ranges between ₹2.5 Lakhs to ₹4.0 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 Sales Development Manager at SBI Life Insurance Company?

According to AmbitionBox, 50% of the SBI Life Insurance Company Sales Development Manager s reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Sales Development Manager Salaries

SBI Life Insurance Company Sales Development Manager salary in India ranges between ₹2.5 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.