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Shriram Life Insurance Business Development Manager salaries in India (Updated 2025)

Annual salary range
0 - 9 years exp.
₹1.5 Lakh - ₹7.2 Lakhs
Salary of majority employees
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58% less than the average Business Development Manager Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

Sales & Business Development
Business Development Manager Salary
0 - 9 years exp. (25 salaries)
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₹2.7 L/yr - ₹5 L/yr

BFSI, Investments & Trading
Business Development Manager Salary
1 - 9 years exp. (23 salaries)
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₹2 L/yr - ₹7.2 L/yr

Finance & Accounting
Business Development Manager Salary
0 - 8 years exp. (7 salaries)
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₹2.4 L/yr - ₹4 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
1 - 7 years exp. (6 salaries)
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₹1.5 L/yr - ₹4.3 L/yr

Engineering - Software & QA
Business Development Manager Salary
2 - 9 years exp. (5 salaries)
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₹2.5 L/yr - ₹6 L/yr

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Last Updated: 16 Feb 2025

Companies similar to Shriram Life Insurance for Business Development Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Business Development Manager Salary

0 - 11 years exp. (1.4k salaries)

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₹1.5 L/yr - ₹5 L/yr

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16 job openings
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₹2.3 L/yr - ₹5 L/yr

arrow icon 19% more
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₹2 L/yr - ₹8 L/yr

arrow icon 66% more
5 job openings
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₹3 L/yr - ₹6 L/yr

arrow icon 34% more
3 job openings
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₹2 L/yr - ₹7 L/yr

arrow icon 20% more
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₹1.9 L/yr - ₹7 L/yr

arrow icon 53% more
1 job opening
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₹1.6 L/yr - ₹5.1 L/yr

arrow icon 18% more
9 job openings
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₹3 L/yr - ₹5.5 L/yr

arrow icon 33% more
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₹2.2 L/yr - ₹10.3 L/yr

arrow icon 84% more
2 job openings
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₹3.5 L/yr - ₹7 L/yr

arrow icon 63% more
16 job openings
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₹3.2 L/yr - ₹6 L/yr

arrow icon 43% more
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₹1.1 L/yr - ₹9.1 L/yr

arrow icon 30% more
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₹1.8 L/yr - ₹6 L/yr

arrow icon 33% more
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₹1.8 L/yr - ₹7 L/yr

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₹2.7 L/yr - ₹5.4 L/yr

arrow icon 31% more
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₹2 L/yr - ₹5.8 L/yr

arrow icon 22% more
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₹11.4 L/yr - ₹24.6 L/yr

arrow icon 618% more
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Gallagher Business Development Manager Salary

4 - 14 years exp. (3 salaries)

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₹10 L/yr - ₹10.8 L/yr

arrow icon 223% more

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Business Development Manager salary at Shriram Life Insurance ranges between ₹1.5 Lakh to ₹7.2 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 92 latest salaries received from various employees of Shriram Life Insurance.

Latest annual salaries shared by Shriram Life Insurance Business Development Manager

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Experience wise Shriram Life Insurance Business Development Manager salaries

Last Updated: 16 Feb 2025

Experience Avg Annual Salary
Fresher  (4 salaries)

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₹2 L/yr - ₹3.2 L/yr
1 year  (11 salaries)

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₹1.5 L/yr - ₹3.5 L/yr
2 years  (19 salaries)

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₹2 L/yr - ₹3.5 L/yr
3 years  (17 salaries)

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₹2 L/yr - ₹3.5 L/yr
4 years  (14 salaries)

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₹2.2 L/yr - ₹4 L/yr
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Similar Designation salaries in Shriram Life Insurance

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₹2.7 L/yr - ₹4.2 L/yr
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₹1.8 L/yr - ₹2.3 L/yr
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₹1.35 L/yr - ₹4 L/yr
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₹2.15 L/yr - ₹5 L/yr
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₹2.4 L/yr - ₹3 L/yr
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₹2.5 L/yr - ₹8 L/yr
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₹1.8 L/yr - ₹6 L/yr
Territory Sales Manager Salary
(AmbitionBox Estimate)
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₹2.2 L/yr - ₹2.8 L/yr
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₹2.4 L/yr - ₹7.2 L/yr
Deputy Manager Salary
(44 salaries)
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₹4 L/yr - ₹10 L/yr

Top skills at Shriram Life Insurance for Business Development Manager

Business Development Management Agency Management Selling Business Development Team Handling Upsell Life Insurance Cross Selling Dealer Network Stock Broking Brokerage Measurement broking Insurance Sales Team Building

Salary related reviews for Shriram Life Insurance

3.6

Rated by 27 employees for salary & benefits

Full Time

 · 

Strategic & Top Management Department

1.0
  •  posted on 22 Feb 2025

3.0
 for  Salary and Benefits

Likes

The only thing I like about Shriram Life insurance is the good incentive and the salary package. That’s it.

read more

Dislikes

The job satisfaction is very poor. I don’t even like to walk there and the top management is very rude and very arrogant. They don’t even understand the situation of an employees few days ago. My father was very serious in the hospital. I have informed the authority that I am taking leave. It was total of five days of leave. Even after I informed, even after I told him that it was an emergency. My father‘s condition is not good. Still there spoke to me very rudely and very arrogantly. Fine, they told me to resign. I mean family emergencies should be considered as Reasonable right thinking to join Shriram Life insurance. I would suggest them to not join if you are totally focused and experienced in life insurance industry. If you have business, if you have clients then okay, you can go for it, but still, you will face such situations.

read more
  • Skill development - Poor
  • +4 more

Customer Service Department

1.0
  •  posted on 09 Mar 2021

1.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

... If my father is not well they are telling to get the sell from family members. They have told that If I sell the product the my family member then I will get my salary otherwise not see this is the company which is not at all employee centric it is only about their reputation and in terms of their reputation that are cheating their customers. So do not believe in this company please believe a trusted one.

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  • Salary - Bad
  • +6 more

BFSI, Investments & Trading Department

4.0
  •  posted on 31 Jul 2020

3.0
 for  Salary and Benefits

Likes

Work culture here is pretty flexible which allows people to work at their own pace and conviniece. Company is not very aggresive in nature and has indeed helped all their junior and mid level employees by providing full compensation during lockdown. When it comes to management, they are bit shaken after covid...making drastic changes which is not welcomed by many.

read more
  • Job security - Good
  • +2 more

Dislikes

Weak management. Worst paymaster in the industry and despite this they foucs immenly on cost cutting. Poor office infrastructure (branhces) expect the head office.

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  • Promotions - Poor

Full Time

 · 

Marketing & Communication Department

3.0
  •  posted on 19 Nov 2024

3.0
 for  Salary and Benefits

Likes

Sales business so... income is flexible according to your business

  • Skill development - Good

Dislikes

There are many dislikes.... 1. Salary was not credited by the correct date 2. There are no week off including Sunday working day 3.etc not recommended

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Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 07 Mar 2024

1.0
 for  Salary and Benefits

Likes

Nothing to like

Dislikes

Work culture horrible. HR is not bothered. They dont even respond to your calls .salary deduction is ver high .no security for your job they can remove you anytime.horrible company..even sundays they expect to work.

read more
  • Salary - Bad
  • +5 more
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Shriram Life Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Shriram Life Insurance?
Business Development Manager salary at Shriram Life Insurance in India ranges between ₹1.5 Lakhs to ₹7.2 Lakhs for less than 1 year of experience to 9 years. According to our estimates it is 58% less than the average Business Development Manager Salary in India. Salary estimates are based on 92 latest salaries received from various employees of Shriram Life Insurance India.
How does the salary of a Business Development Manager at Shriram Life Insurance India compare with the average salary range for this job?
The average salary of a Business Development Manager at Shriram Life Insurance is 58% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Business Development Manager at Shriram Life Insurance?
Business Development Management, Agency Management, Selling, Business Development and Team Handling are some of the popular skills required to work as a Business Development Manager at Shriram Life Insurance India.
Which similar companies are paying more than Shriram Life Insurance to a Business Development Manager in India?
  • The Oriental Insurance Co. Business Development Manager Salary - ₹11.4 Lakhs to ₹24.6 Lakhs per year
  • Gallagher Business Development Manager Salary - ₹10.0 Lakhs to ₹10.8 Lakhs per year
  • Kotak Mahindara Life Insurance Business Development Manager Salary - ₹2.2 Lakhs to ₹10.3 Lakhs per year
  • Max Life Insurance Business Development Manager Salary - ₹2.0 Lakhs to ₹8.0 Lakhs per year
  • Bajaj Allianz General Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
What is the salary of a Business Development Manager in companies similar to Shriram Life Insurance in India?
  • SBI Life Insurance Company Business Development Manager Salary - ₹1.9 Lakhs to ₹7.0 Lakhs per year
  • Aditya Birla Health Insurance Co Business Development Manager Salary - ₹3.2 Lakhs to ₹6.0 Lakhs per year
  • Bajaj Allianz Life Insurance Business Development Manager Salary - ₹3.0 Lakhs to ₹6.0 Lakhs per year
  • Reliance Nippon Life Insurance Business Development Manager Salary - ₹1.8 Lakhs to ₹6.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Business Development Manager Salary - ₹3.0 Lakhs to ₹5.5 Lakhs per year
What is the estimated take home salary of a Business Development Manager at Shriram Life Insurance in India?
The estimated take-home salary of a Business Development Manager at Shriram Life Insurance ranges between ₹22,966 per month to ₹24,435 per month in India. The take-home salary calculation is based on the average Shriram Life Insurance Business Development Manager salary in India which ranges between ₹1.5 Lakhs to ₹7.2 Lakhs per year for employees with less than 1 year of experience to 9 years. Check how did we calculate take home salary?
What is the notice period for Business Development Manager at Shriram Life Insurance?
According to AmbitionBox, 47% of the Shriram Life Insurance Business Development Managers reported a notice period of 15 days or less, 39% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 88 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Shriram Life Insurance Business Development Manager salary in India ranges between ₹1.5 Lakh to ₹7.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 92 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.