Shriram Life Insurance Development Manager Salaries by 4 Employees (Updated 2025)

14 - 21 years exp.

₹3.7 Lakhs - ₹4 Lakhs

Low Confidence

Salary of majority employees

72% less than the average Development Manager Salary in Insurance Companies for 14 - 21 years of experience

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Last Updated: 3 Dec 2024

Companies similar to Shriram Life Insurance for Development Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Development Manager Salary 1 - 10 years exp. (134 salaries)	₹2.2 L/yr - ₹5 L/yr 6% more
HDFC Life Development Manager Salary 0 - 6 years exp. (18 salaries)	₹2.6 L/yr - ₹4.3 L/yr 11% less
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SBI Life Insurance Company Development Manager Salary 0 - 12 years exp. (333 salaries)	₹1.8 L/yr - ₹4.5 L/yr 12% less	2 job openings
Max Life Insurance Development Manager Salary 0 - 10 years exp. (37 salaries)	₹2.1 L/yr - ₹5 L/yr 5% more
Bajaj Allianz Life Insurance Development Manager Salary 0 - 7 years exp. (3 salaries)	₹3.5 L/yr - ₹4.5 L/yr 9% more
Kotak Mahindara Life Insurance Development Manager Salary 0 - 9 years exp. (55 salaries)	₹3.2 L/yr - ₹5 L/yr 11% more
Reliance Nippon Life Insurance Development Manager Salary 1 - 6 years exp. (9 salaries)	₹1.9 L/yr - ₹4.1 L/yr 24% less	2 job openings
Tata AIA Life Insurance Development Manager Salary 6 - 30 years exp. (4 salaries)	₹4.5 L/yr - ₹17 L/yr 151% more
ICICI Lombard General Insurance Company Development Manager Salary 0 - 6 years exp. (62 salaries)	₹2.8 L/yr - ₹4.3 L/yr 9% less
HDFC Ergo General Insurance Development Manager Salary 4 - 12 years exp. (12 salaries)	₹5 L/yr - ₹6.7 L/yr 54% more
SBI General Insurance Development Manager Salary 1 - 7 years exp. (4 salaries)	₹1 L/yr - ₹4.5 L/yr 17% less
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Life Insurance Corporation of India Development Manager Salary 1 - 12 years exp. (4 salaries)	₹2.4 L/yr - ₹8 L/yr 46% more
Star Health & Allied Insurance Development Manager Salary 0 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹7 L/yr 7% more

Development Manager salary at Shriram Life Insurance ranges between ₹3.7 Lakhs to ₹4 Lakhs per year for employees with experience between 14 years to 21 years. Salary estimates are based on 4 latest salaries received from various employees of Shriram Life Insurance.

Experience wise Shriram Life Insurance Development Manager salaries

Last Updated: 3 Dec 2024

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.8 L/yr
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15+ years (3 salaries)	₹1.5 L/yr - ₹4 L/yr

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Top skills at Shriram Life Insurance for Development Manager

Sales Life Insurance Branch Management Area Management Microfinance

Salary related reviews for Shriram Life Insurance

1.3

Rated by 2 employees for salary & benefits

Tele Marketing Executive in Chennai

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

Senior Business Manager in Mumbai

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.

Salary - Bad

+5 more

Unit Manager in Hubli

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 19 Jun 2023

1.0

for Salary and Benefits

Likes

There is not a single good things about Shriram life insurance Company. Its horrible place for work.

Dislikes

Reckless Boss, after joining 1st month salary provided after that No salary no response from HR, your attendance doesn't matters. If they wish then only you will get salary. One of the worst experience I had in 6months.

Salary - Bad

+6 more

Accounts Receivable Executive in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

5.0

• posted on 02 May 2023

4.0

for Salary and Benefits

Likes

I like the work culture and friendly environment with each and every single people and cultural activities are good.

Salary - Good

+6 more

Dislikes

Salaries are less compared to other companies, so push HR in starting itself for ur salary and salary deductions are high these are he dislikes. I felt !

Renewal Executive in Egmore

Full Time

Renewal Department

2.0

• posted on 23 Sep 2022

4.0

for Salary and Benefits

Likes

Salary credited on month end without any failed

Salary - Good

+1 more

Dislikes

Terrible environment I’ve been worked here at last 6 months and I’m literally feeling like depressed because nobody talk about anything other than just performance that they need 100% no matter what or else the TL & Assistant manager will make you feel like that you are just the worse person on this earth rather than motivating you. main thing is cases allocated to callers by partiality. The actual shift time should be 9.30 am to 6.30.pm but the TL & Assistant manager will extend the shit to 8.pm also.. it is like a torture & people feel like depressed. In my entire life I can’t see myself suggesting anyone to join this organisation.

Job security - Bad

+2 more

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Shriram Life Insurance Development Manager Salary FAQs

What is the salary of Development Manager at Shriram Life Insurance?

Development Manager salary at Shriram Life Insurance in India ranges between ₹3.7 Lakhs to ₹4.0 Lakhs for experience between 14 years to 21 years. According to our estimates it is 72% less than the average Development Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Shriram Life Insurance India.

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

The average salary of a Development Manager at Shriram Life Insurance is 72% less than the average salary of a Development Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Development Manager at Shriram Life Insurance?

Sales, Life Insurance, Branch Management, Area Management and Microfinance are some of the popular skills required to work as a Development Manager at Shriram Life Insurance India.

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

Tata AIA Life Insurance Development Manager Salary - ₹4.5 Lakhs to ₹17.0 Lakhs per year
HDFC Ergo General Insurance Development Manager Salary - ₹5.0 Lakhs to ₹6.7 Lakhs per year
Life Insurance Corporation of India Development Manager Salary - ₹2.4 Lakhs to ₹8.0 Lakhs per year
Kotak Mahindara Life Insurance Development Manager Salary - ₹3.2 Lakhs to ₹5.0 Lakhs per year
Bajaj Allianz Life Insurance Development Manager Salary - ₹3.5 Lakhs to ₹4.5 Lakhs per year

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

Star Health & Allied Insurance Development Manager Salary - ₹1.8 Lakhs to ₹7.0 Lakhs per year
ICICI Prudential Life Insurance Development Manager Salary - ₹2.2 Lakhs to ₹5.0 Lakhs per year
Max Life Insurance Development Manager Salary - ₹2.1 Lakhs to ₹5.0 Lakhs per year
ICICI Lombard General Insurance Company Development Manager Salary - ₹2.8 Lakhs to ₹4.3 Lakhs per year
HDFC Life Development Manager Salary - ₹2.6 Lakhs to ₹4.3 Lakhs per year

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

The estimated take-home salary of a Development Manager at Shriram Life Insurance ranges between ₹27,034 per month to ₹28,442 per month in India. The take-home salary calculation is based on the average Shriram Life Insurance Development Manager salary in India which ranges between ₹3.7 Lakhs to ₹4.0 Lakhs per year for employees with experience between 14 years to 21 years. Check how did we calculate take home salary?

What is the notice period for Development Manager at Shriram Life Insurance?

According to AmbitionBox, 64% of the Shriram Life Insurance Development Managers reported a notice period of 15 days or less, 36% reported a notice period of 1 Month.This is based on 14 responses on AmbitionBox in last 2 years.

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Shriram Life Insurance Development Manager Salaries

Shriram Life Insurance Development Manager salary in India ranges between ₹3.7 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.