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SBI Life Insurance Company

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3.8

based on 3.6k Reviews

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Development Manager
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SBI Life Insurance Company Development Manager Salaries in India

based on 317 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Sales & Business Development Customer Success, Service & Operations Marketing & Communication + 6 more
Designation Avg Annual Salary Open Jobs

Development Manager

0 - 10 years exp. (306 salaries)
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₹1.8 L/yr - ₹4.5 L/yr

Sr. BDE

2 - 9 years exp. (165 salaries)
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₹3 L/yr - ₹5 L/yr

BDM

3 - 10 years exp. (164 salaries)
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₹2.2 L/yr - ₹6.5 L/yr

Associate Vice President

9 - 20 years exp. (163 salaries)
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₹9 L/yr - ₹32.2 L/yr

Sr BDM

5 - 13 years exp. (163 salaries)
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₹3 L/yr - ₹8.2 L/yr

Branch Manager

7 - 19 years exp. (159 salaries)
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₹6.5 L/yr - ₹15.7 L/yr

Senior Agency Manager

3 - 13 years exp. (158 salaries)
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₹3.4 L/yr - ₹5.5 L/yr

Senior Area Manager

11 - 21 years exp. (134 salaries)
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₹9 L/yr - ₹21 L/yr

Unit Manager

0 - 10 years exp. (122 salaries)
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₹2 L/yr - ₹4.3 L/yr

Operations Associate

0 - 6 years exp. (108 salaries)
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₹1.5 L/yr - ₹4.5 L/yr

Territory Manager

4 - 15 years exp. (101 salaries)
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₹4 L/yr - ₹7 L/yr

Sales Officer

0 - 6 years exp. (100 salaries)
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₹1.8 L/yr - ₹3.8 L/yr

Senior Associate Operations

4 - 10 years exp. (85 salaries)
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₹2.4 L/yr - ₹5.5 L/yr

Sales Manager

0 - 10 years exp. (82 salaries)
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₹1.2 L/yr - ₹5.6 L/yr

Bdm Executive

0 - 10 years exp. (75 salaries)
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₹2.2 L/yr - ₹6 L/yr

Insurance Adviser

0 - 4 years exp. (74 salaries)
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₹0.8 L/yr - ₹5.5 L/yr

Assistant Manager

0 - 15 years exp. (516 salaries)
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₹4 L/yr - ₹12 L/yr

Associate

0 - 6 years exp. (309 salaries)
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₹1 L/yr - ₹4.5 L/yr

Manager

3 - 20 years exp. (301 salaries)
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₹4.5 L/yr - ₹17 L/yr

Senior Executive

0 - 10 years exp. (106 salaries)
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₹2.2 L/yr - ₹6.3 L/yr

Advisor

0 - 10 years exp. (96 salaries)
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₹1 L/yr - ₹5.8 L/yr

Last Updated: 2 Jan, 2025

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1w (edited)
a social media specialist
Salary Expectations
I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?
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Salary related reviews for SBI Life Insurance Company

3.6

Rated by 158 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

Dislikes

Every thing Accept salary on time

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.

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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.

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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

Dislikes

There are not supporting lead and salary is fixed convince is fixed adviser earn more commission and incentives is very cheap

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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

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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

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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.

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Dislikes

Career growth and opportunities are low. Compensation n Benefits are average.

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SBI Life Insurance Company Salary FAQs

How much does SBI Life Insurance Company pay per year?
The average SBI Life Insurance Company salary ranges from approximately ₹0.2 Lakh to ₹3 Lakhs per year for a Banking Assistant and ₹45 Lakhs to ₹1.1 Crore per year for a Senior Vice President. Salary estimates are based on 317 SBI Life Insurance Company salaries received from various employees of SBI Life Insurance Company. SBI Life Insurance Company employees rate the overall salary and benefits package 3.6/5 stars.
What is the highest salary in SBI Life Insurance Company?
The highest-paying job at SBI Life Insurance Company is a Senior Vice President with a salary of ₹45 Lakhs to ₹1.1 Crore per year. The top 10% of employees earn more than ₹12.55 lakhs per year. The top 1% earn more than a whopping ₹35.46 lakhs per year.
What is the minimum salary in SBI Life Insurance Company?
Minimum salary at SBI Life Insurance Company depends on the role you are applying for. For Associate the minimum salary is ₹1 Lakh to ₹4.5 Lakhs per year, and for Development Manager the minimum salary is ₹1.8 Lakh to ₹4.5 Lakhs per year and so on.
What is the salary package for freshers in SBI Life Insurance Company?
The average salary at SBI Life Insurance Company for freshers varies from ₹1 Lakh to ₹2 Lakhs per year for Telecaller and ₹4.4 Lakhs to ₹10.5 Lakhs per year for Management Trainee.
What is the notice period for Development Manager at SBI Life Insurance Company?
According to AmbitionBox, 42% of the SBI Life Insurance Company Development Managers reported a notice period of 1 Month, 35% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 774 responses on AmbitionBox in last 2 years.

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Average annual salary for Development Manager in SBI Life Insurance Company is INRunlock blur . Salary estimates are based on 317 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

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