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SBI Life Insurance Company Senior Business Development Manager salaries in India (Updated 2025)

Annual salary range
5 - 13 years exp.
₹3.4 Lakhs - ₹8.5 Lakhs
Salary of majority employees
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Fixed (100%)
₹5.8 Lakhs
Variable (0%)
₹0.0
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48% 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. (72 salaries)
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₹3.5 L/yr - ₹8.1 L/yr

Sales & Business Development
Senior Business Development Manager Salary
5 - 13 years exp. (45 salaries)
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₹3.4 L/yr - ₹8.5 L/yr

Customer Success, Service & Operations
Senior Business Development Manager Salary
5 - 11 years exp. (15 salaries)
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₹3.8 L/yr - ₹7 L/yr

Marketing & Communication
Senior Business Development Manager Salary
5 - 12 years exp. (14 salaries)
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₹3.8 L/yr - ₹6.8 L/yr

Finance & Accounting
Senior Business Development Manager Salary
5 - 8 years exp. (7 salaries)
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₹3.8 L/yr - ₹6.4 L/yr

Last Updated: 5 Mar 2025

Companies similar to SBI Life Insurance Company for Senior Business Development Manager

Company name Avg Annual Salary Open Jobs
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₹3 L/yr - ₹5 L/yr

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₹2.8 L/yr - ₹6 L/yr

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₹5.3 L/yr - ₹8.2 L/yr

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₹4 L/yr - ₹6.8 L/yr

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₹3.6 L/yr - ₹6.5 L/yr

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₹4.4 L/yr - ₹8.2 L/yr

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₹3.2 L/yr - ₹8.4 L/yr

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₹3.4 L/yr - ₹8 L/yr

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1 job opening
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₹3.8 L/yr - ₹14 L/yr

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₹4.5 L/yr - ₹5.8 L/yr

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₹5 L/yr - ₹7.8 L/yr

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₹2.7 L/yr - ₹4.2 L/yr

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₹10.5 L/yr - ₹13 L/yr

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₹4.2 L/yr - ₹12 L/yr

arrow icon 50% more

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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 210 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Senior Business Development Manager

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Experience wise SBI Life Insurance Company Senior Business Development Manager salaries

Last Updated: 5 Mar 2025

Experience Avg Annual Salary
5 years  (29 salaries)

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₹3.4 L/yr - ₹7 L/yr
6 years  (39 salaries)

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₹3.4 L/yr - ₹7.6 L/yr
7 years  (28 salaries)

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₹3.5 L/yr - ₹7.8 L/yr
8 years  (33 salaries)

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₹3.8 L/yr - ₹7.5 L/yr
9 years  (18 salaries)

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₹4 L/yr - ₹7 L/yr
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Similar Designation salaries in SBI Life Insurance Company

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₹1.9 L/yr - ₹7 L/yr
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₹2.7 L/yr - ₹5.35 L/yr
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₹2.3 L/yr - ₹4.5 L/yr
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₹2 L/yr - ₹4.5 L/yr
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₹3.4 L/yr - ₹4.5 L/yr
Area Business Manager Salary
(AmbitionBox Estimate)
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₹6.6 L/yr - ₹8.4 L/yr
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₹4.35 L/yr - ₹8.5 L/yr
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₹4.87 L/yr - ₹6 L/yr
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₹30 L/yr - ₹39.09 L/yr
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₹18 L/yr - ₹30 L/yr
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Salary related reviews for SBI Life Insurance Company

3.5

Rated by 115 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 20 Apr 2022

2.0
 for  Salary and Benefits

Likes

Best brand in insurance sector..well known..

  • Skill development - Good
  • +4 more

Dislikes

Salary is low as per targets given by company..incentives are good but company has to think for good salary as well.. Products is not up to the mark as per market competition.

read more
  • Salary - Poor

Sales & Business Development Department

4.0
  •  posted on 27 Sep 2019

5.0
 for  Salary and Benefits

Likes

...where but for the same No abusing Words used by Higher authorities for Business. Compensation also good. Over All good company

read more
  • Salary - Excellent
  • +6 more

Dislikes

Company has holiday on every 2&3 Saturday.. But we need to go on Works on these Holiday also...

Full Time

 · 

Marketing & Communication Department

5.0
  •  posted on 30 Jan 2025

2.0
 for  Salary and Benefits

Likes

Very good policy, good Behaviour from all senior Management.

  • Skill development - Good
  • +3 more

Dislikes

I am working from last 8 year but my salary is very low. If someone working is in other companies and they switched from there to here they are getting good CTC. If you are working in good location and if your assign branch and branch manager is good so you can get promotion but if you not working in good location or your assign branch is not good it's very deficit to get promotion.

read more
  • Salary - Poor

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 05 Aug 2023

5.0
 for  Salary and Benefits

Likes

I am so Proud to say Working this organisation last 4years. i got a two promotions last two years.

  • Salary - Excellent
  • +6 more

Dislikes

I expecting Long time Vintage Employes Expect Minimum Salary hike. because Now a days out side companies giving a more salary hikes Vintage persons so Our Company giving a minimum hikes of Vintage Employes it will so benefit and no one live Our Company.

read more

Full Time

 · 

Marketing & Communication Department

4.0
  •  posted on 13 Sep 2023

5.0
 for  Salary and Benefits

Likes

very good company with good oppurtunities and good pay

  • Salary - Excellent
  • +4 more

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

read more
  • Job security - Poor
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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?
Senior Business Development Manager salary at SBI Life Insurance Company in India ranges between ₹3.4 Lakhs to ₹8.5 Lakhs for experience between 5 years to 13 years. According to our estimates it is 48% less than the average Senior Business Development Manager Salary in India. Salary estimates are based on 210 latest salaries received from various employees of SBI Life Insurance Company India.
How does the salary of a Senior Business Development Manager at SBI Life Insurance Company India compare with the average salary range for this job?
The average salary of a Senior Business Development Manager at SBI Life Insurance Company is 48% less than the average salary of a Senior Business 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 Senior Business Development Manager in India?
  • Aditya Birla Sun Life Insurance Senior Business Development Manager Salary - ₹10.5 Lakhs to ₹13.0 Lakhs per year
  • ICICI Lombard General Insurance Company Senior Business Development Manager Salary - ₹3.8 Lakhs to ₹14.0 Lakhs per year
  • Aditya Birla Health Insurance Co Senior Business Development Manager Salary - ₹4.2 Lakhs to ₹12.0 Lakhs per year
  • Axis Max Life Insurance Senior Business Development Manager Salary - ₹5.3 Lakhs to ₹8.2 Lakhs per year
  • PNB MetLife Senior Business Development Manager Salary - ₹5.0 Lakhs to ₹7.8 Lakhs per year
What is the salary of a Senior Business Development Manager in companies similar to SBI Life Insurance Company in India?
  • Reliance Nippon Life Insurance Senior Business Development Manager Salary - ₹4.4 Lakhs to ₹8.2 Lakhs per year
  • Kotak Mahindara Life Insurance Senior Business Development Manager Salary - ₹3.6 Lakhs to ₹6.5 Lakhs per year
  • SBI General Insurance Senior Business Development Manager Salary - ₹3.4 Lakhs to ₹8.0 Lakhs per year
  • Bajaj Allianz General Insurance Senior Business Development Manager Salary - ₹4.5 Lakhs to ₹5.8 Lakhs per year
  • Bajaj Allianz Life Insurance Senior Business Development Manager Salary - ₹4.0 Lakhs to ₹6.8 Lakhs per year
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 ranges between ₹44,100 per month to ₹45,204 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Senior Business Development Manager salary in India which ranges between ₹3.4 Lakhs to ₹8.5 Lakhs per year for employees with experience between 5 years to 13 years. Check how did we calculate take home salary?
What is the notice period for Senior Business Development Manager at SBI Life Insurance Company?
According to AmbitionBox, 46% of the SBI Life Insurance Company Senior Business Development Managers reported a notice period of 2 Months, 41% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 342 responses on AmbitionBox in last 2 years.

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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 ₹unlock blur. Salary estimates are based on 210 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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