Annual salary range
5 - 13 years exp.
₹3.4
Lakhs - ₹8.5
Lakhs
Salary of majority employees
Avg. annual salary
Monthly In-hand Salary
47% less than the average Senior Business Development Manager Salary in Insurance Companies for 5 - 13 years of experience
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Salaries in different departments
BFSI, Investments & Trading
Senior Business Development Manager Salary
5 - 13
years
exp.
(69
salaries)
|  ₹3.5 L/yr - ₹8.1 L/yr |
Sales & Business Development
Senior Business Development Manager Salary
5 - 13
years
exp.
(45
salaries)
| ₹3.4 L/yr - ₹8.5 L/yr |
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| |
Customer Success, Service & Operations
Senior Business Development Manager Salary
5 - 11
years
exp.
(15
salaries)
| ₹3.8 L/yr - ₹7 L/yr |
Marketing & Communication
Senior Business Development Manager Salary
5 - 12
years
exp.
(14
salaries)
| ₹3.8 L/yr - ₹6.8 L/yr |
Finance & Accounting
Senior Business Development Manager Salary
5 - 8
years
exp.
(7
salaries)
| ₹3.8 L/yr - ₹6.4 L/yr |
Companies similar to SBI Life Insurance Company for Senior Business Development Manager
8%
less
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more
Senior Business Development Manager salary at SBI Life Insurance Company ranges between ₹3.4
Lakhs
to ₹8.5
Lakhs
per year for employees with experience between 5 years to 13 years. Salary
estimates are based on
207 latest salaries received
from various employees of SBI Life Insurance Company.
Latest annual salaries shared by SBI Life Insurance Company Senior Business Development Manager
5d ago
₹8
Lakhs
11
years
exp.
2w ago
₹6
Lakhs
9
years
exp.
2w ago
₹4.2
Lakhs
5
years
exp.
1mo ago
₹6.6
Lakhs
10
years
exp.
1mo ago
₹4.5
Lakhs
6
years
exp.
1mo ago
10
years
exp.
2mo ago
6
years
exp.
2mo ago
10
years
exp.
2mo ago
5
years
exp.
2mo ago
6
years
exp.
Experience wise SBI Life Insurance Company Senior Business Development Manager salaries
Last Updated: 30 Mar 2025
| Experience | Avg Annual Salary |
|---|---|
| 5 years (29 salaries) |
₹3.4
L/yr
- ₹7
L/yr
|
| 6 years (38 salaries) |
₹3.4
L/yr
- ₹7.5
L/yr
|
Login to view exact salary
| |
| 7 years (28 salaries) |
₹3.5
L/yr
- ₹7.8
L/yr
|
| 8 years (33 salaries) |
₹3.8
L/yr
- ₹7.5
L/yr
|
| 9 years (18 salaries) |
₹4
L/yr
- ₹7
L/yr
|
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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
·
works at
Georgia-Pacific
New offer. Confused.
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 Senior Business Development Manager Salary FAQs
What is the salary of Senior Business Development Manager at SBI Life Insurance Company ?
The average salary of a Senior Business Development Manager at SBI Life Insurance Company in India typically ranges from ₹3.4 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 5 years to 13 years).
The top 10% of Senior Business Development Manager at SBI Life Insurance Company earn more than ₹7.1 Lakhs per year, and the top 1% earn over ₹8.3 Lakhs per year. Senior Business 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 200+ SBI Life Insurance Company employees in India.
The top 10% of Senior Business Development Manager at SBI Life Insurance Company earn more than ₹7.1 Lakhs per year, and the top 1% earn over ₹8.3 Lakhs per year. Senior Business 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 200+ SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Senior Business Development Manager at SBI Life Insurance Company in India?
The estimated take-home salary of a Senior Business Development Manager at SBI Life Insurance Company in India typically ranges from ₹44,547 to ₹45,645 per month. This is based on the average salary range of
₹3.4 Lakhs to ₹8.5 Lakhs
per year for employees with experience ranging from 5 years to 13 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 200+ salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than SBI Life Insurance Company for Senior Business Development Manager in India?
| Aditya Birla Sun Life Insurance | ₹10.5 Lakhs to ₹13.0 Lakhs per year |
| ICICI Lombard General Insurance Company | ₹3.8 Lakhs to ₹14.0 Lakhs per year |
| Aditya Birla Health Insurance Co | ₹4.2 Lakhs to ₹12.0 Lakhs per year |
| Axis Max Life Insurance | ₹5.3 Lakhs to ₹8.2 Lakhs per year |
| PNB MetLife | ₹5.0 Lakhs to ₹7.8 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 Senior Business Development Manager in companies similar to SBI Life Insurance Company in India?
The salary of a Senior Business Development Manager at companies similar to SBI Life Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:
These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
| Reliance Nippon Life Insurance | ₹4.4 Lakhs to ₹8.2 Lakhs per year |
| Kotak Mahindara Life Insurance | ₹3.6 Lakhs to ₹6.5 Lakhs per year |
| SBI General Insurance | ₹3.4 Lakhs to ₹7.8 Lakhs per year |
| Bajaj Allianz General Insurance | ₹4.5 Lakhs to ₹5.8 Lakhs per year |
| Bajaj Allianz Life Insurance | ₹4.0 Lakhs to ₹6.8 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 Senior Business Development Manager at SBI Life Insurance Company in India?
The salary growth for a Senior Business Development Manager at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a Senior Business Development Manager can expect the following growth trajectory at SBI Life Insurance Company:
and so on.
| Experience | Average Salary Range |
|---|---|
| 5 years | ₹3.4 Lakhs to ₹7.0 Lakhs per year |
| 6 years | ₹3.4 Lakhs to ₹7.5 Lakhs per year |
| 7 years | ₹3.5 Lakhs to ₹7.8 Lakhs per year |
| 8 years | ₹3.8 Lakhs to ₹7.5 Lakhs per year |
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SBI Life Insurance Company Senior Business Development Manager Salaries by Location
- SBI Life Insurance Company Senior Business Development Manager salaries in New Delhi
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SBI Life Insurance Company Senior Business Development Manager salary
in
India
ranges between ₹3.4
Lakhs to ₹8.5
Lakhs with an average annual salary of
₹. Salary estimates are based on
207
SBI Life Insurance Company latest salaries received from various employees of
SBI Life Insurance Company.