Shriram Life Insurance Development Manager Salaries by 6 Employees (Updated 2025)

11 - 21 years exp.

₹3 Lakhs - ₹4.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

76% less than the average Development Manager Salary in Insurance Companies for 11 - 21 years of experience

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Last Updated: 3 Apr 2025

Companies similar to Shriram Life Insurance for Development Manager

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Development Manager Salary 0 - 12 years exp. (343 salaries)	₹1.8 L/yr - ₹4.8 L/yr At par	2 job openings
ICICI Prudential Life Insurance Development Manager Salary 1 - 10 years exp. (130 salaries)	₹2.2 L/yr - ₹4.6 L/yr 20% more
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ICICI Lombard General Insurance Company Development Manager Salary 0 - 6 years exp. (67 salaries)	₹2.8 L/yr - ₹4.3 L/yr 2% more
Kotak Mahindara Life Insurance Development Manager Salary 0 - 9 years exp. (55 salaries)	₹3.2 L/yr - ₹4.7 L/yr 24% more
Axis Max Life Insurance Development Manager Salary 0 - 12 years exp. (42 salaries)	₹2.7 L/yr - ₹5.1 L/yr 15% more
HDFC Life Development Manager Salary 0 - 6 years exp. (19 salaries)	₹2.6 L/yr - ₹4.3 L/yr 7% more
HDFC Ergo General Insurance Development Manager Salary 4 - 12 years exp. (12 salaries)	₹5 L/yr - ₹6.7 L/yr 75% more
Reliance Nippon Life Insurance Development Manager Salary 1 - 6 years exp. (9 salaries)	₹1.9 L/yr - ₹4.1 L/yr 14% less	2 job openings
Tata AIA Life Insurance Development Manager Salary 6 - 30 years exp. (4 salaries)	₹4.5 L/yr - ₹17 L/yr 184% more
SBI General Insurance Development Manager Salary 1 - 7 years exp. (4 salaries)	₹1 L/yr - ₹4.5 L/yr 6% less
Life Insurance Corporation of India Development Manager Salary 1 - 12 years exp. (4 salaries)	₹2.4 L/yr - ₹8 L/yr 65% more
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Star Health & Allied Insurance Development Manager Salary 0 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹7 L/yr 21% more
Bajaj Allianz Life Insurance Development Manager Salary 0 - 7 years exp. (3 salaries)	₹3.5 L/yr - ₹4.5 L/yr 23% more

Development Manager salary at Shriram Life Insurance ranges between ₹3 Lakhs to ₹4.5 Lakhs per year for employees with experience between 11 years to 21 years. Salary estimates are based on 6 latest salaries received from various employees of Shriram Life Insurance.

Experience wise Shriram Life Insurance Development Manager salaries

Last Updated: 3 Apr 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.8 L/yr
12 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
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13 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
14 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
15+ years (3 salaries)	₹1.3 L/yr - ₹4 L/yr

Similar Designation salaries in Shriram Life Insurance

Project Manager Salary

(5 salaries)

₹8 L/yr - ₹18 L/yr

Product Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Program Manager Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Senior Project Manager Salary

(3 salaries)

₹22 L/yr - ₹40 L/yr

Software Engineer Salary

(AmbitionBox Estimate)

₹3.1 L/yr - ₹3.9 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹4.7 L/yr - ₹6 L/yr

Associate Consultant Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Assistant Vice President Salary

(AmbitionBox Estimate)

₹29.7 L/yr - ₹37.9 L/yr

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

Relationship Manager in Hyderabad / Secunderabad

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.

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.

Skill development - Poor

+4 more

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 !

see more salary related reviews

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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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Shriram Life Insurance Development Manager Salary FAQs

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

The average salary of a Development Manager at Shriram Life Insurance in India typically ranges from ₹3.0 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 11 years to 21 years).

The top 10% of Development Manager at Shriram Life Insurance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Development Manager Salaries at Shriram Life Insurance 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 6 Shriram Life Insurance employees in India.

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 in India typically ranges from ₹23,658 to ₹25,116 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 11 years to 21 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 6 salaries received from various employees of Shriram Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Development Manager at Shriram Life Insurance ?

To be a Development Manager at Shriram Life Insurance in india, the key skills required include:

- Sales
- Life Insurance
- Branch Management
- Area Management
- Microfinance

These skills are highly valued at Shriram Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Shriram Life Insurance for Development Manager in India?

Tata AIA Life Insurance	₹4.5 Lakhs to ₹17.0 Lakhs per year
HDFC Ergo General Insurance	₹5.0 Lakhs to ₹6.7 Lakhs per year
Life Insurance Corporation of India	₹2.4 Lakhs to ₹8.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.2 Lakhs to ₹4.7 Lakhs per year
Bajaj Allianz Life Insurance	₹3.5 Lakhs to ₹4.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Shriram Life Insurance, depending on the role and experience level.

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

The salary of a Development Manager at companies similar to Shriram Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Star Health & Allied Insurance	₹1.8 Lakhs to ₹7.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.2 Lakhs to ₹4.6 Lakhs per year
Axis Max Life Insurance	₹2.7 Lakhs to ₹5.1 Lakhs per year
HDFC Life	₹2.6 Lakhs to ₹4.3 Lakhs per year
ICICI Lombard General Insurance Company	₹2.8 Lakhs to ₹4.3 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 Development Manager at Shriram Life Insurance in India?

The salary growth for a Development Manager at Shriram Life Insurance depends on factors such as experience, performance, and promotions. On average, a Development Manager can expect the following growth trajectory at Shriram Life Insurance:

Experience	Average Salary Range
11 years	₹2.9 Lakhs to ₹3.8 Lakhs per year
12 years	₹3.0 Lakhs to ₹3.8 Lakhs per year
13 years	₹3.0 Lakhs to ₹3.8 Lakhs per year
14 years	₹3.0 Lakhs to ₹3.8 Lakhs per year

and so on.

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Shriram Life Insurance Development Manager Salaries

Shriram Life Insurance Development Manager salary in India ranges between ₹3 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.