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Shriram Life Insurance Sales Development Manager salaries in India

Annual salary range
1 - 3 years exp.
₹1.8 Lakh - ₹2.4 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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56% less than the average Sales Development Manager Salary in Insurance Companies for 1 - 3 years of experience

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Last Updated: 15 Mar 2023

Companies similar to Shriram Life Insurance for Sales Development Manager

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

0 - 8 years exp. (907 salaries)

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₹1.5 L/yr - ₹4.6 L/yr

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10 job openings
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₹2.5 L/yr - ₹4 L/yr

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₹2.5 L/yr - ₹4.8 L/yr

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₹2.5 L/yr - ₹5.2 L/yr

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₹1.8 L/yr - ₹3 L/yr

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₹1.8 L/yr - ₹8.5 L/yr

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₹2.2 L/yr - ₹2.7 L/yr

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₹2.6 L/yr - ₹3 L/yr

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₹3.3 L/yr - ₹6 L/yr

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₹3.6 L/yr - ₹6.5 L/yr

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Sales Development Manager salary at Shriram Life Insurance ranges between ₹1.8 Lakh to ₹2.4 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 7 latest salaries received from various employees of Shriram Life Insurance.

Latest annual salaries shared by Shriram Life Insurance Sales Development Manager

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Experience wise Shriram Life Insurance Sales Development Manager salaries

Last Updated: 15 Mar 2023

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹1.6 L/yr - ₹2.1 L/yr
2 years  (3 salaries)

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₹1.8 L/yr - ₹2.4 L/yr
3 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr

Similar Designation salaries in Shriram Life Insurance

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₹1.82 L/yr - ₹6.25 L/yr
Branch Manager Salary
(91 salaries)
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₹2.2 L/yr - ₹9.5 L/yr
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₹1.1 L/yr - ₹3.8 L/yr
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₹2.2 L/yr - ₹5.5 L/yr
Cluster Manager Salary
(21 salaries)
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₹3.8 L/yr - ₹6.5 L/yr
Branch Head Salary
(17 salaries)
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₹4.45 L/yr - ₹7.7 L/yr
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₹2.8 L/yr - ₹7.5 L/yr
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₹5.15 L/yr - ₹7.95 L/yr
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₹1 L/yr - ₹5 L/yr
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₹3.4 L/yr - ₹12 L/yr

Salary related reviews for Shriram Life Insurance

1.0

Rated by 2 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

Sales Department

3.0
  •  posted on 18 Oct 2020

2.0
 for  Salary and Benefits

Likes

...tly. No appraisal this year. Compensation should be more as per work and labour. Very less salary.

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Dislikes

Salary must be at par as per the designation compare to other companies

  • Salary - Poor
  • +3 more

Human Resources Department

1.0
  •  posted on 13 Feb 2022

1.0
 for  Salary and Benefits

Likes

Nothing, it was the worst experience for me and when it comes growth , so there is no career growth in this company

Dislikes

Nothing one of the poor company with less benefits in increment , bonus and salary too, very poor culture, use bad language with employees, shows there partiality, politics is there, don’t provide transportation after 5:30 and many more

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  • Salary - Bad
  • +6 more

Marketing Department

5.0
  •  posted on 19 Jul 2019

5.0
 for  Salary and Benefits

Likes

I'm writing today to thank you for all the support that you have given me during my time here at shriram life insurance company form the time I started this job I have been supported and it means more to me than ever know you have given me some friendly advice and I have really appreciated it. working for you has been very fun and I have learned a lot.

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  • Salary - Excellent
  • +6 more

Dislikes

Improve salary structure.

Customer Success, Service & Operations Department

4.0
  •  posted on 28 Nov 2019

4.0
 for  Salary and Benefits

Likes

I love the fact that I am a part of a team that markets reliable,high-qaulify products and has a global client base. Another plus point is that my collegues come from various cultural backgrounds, and we work happily in collaboration. I also like the re-hire policy here.

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  • Salary - Good
  • +5 more

Dislikes

Compensation is decent but growth is slow. The work pressure is very high. Sometimes, I have to work 12=13 hours straight in a day as I have to do my work on same day.

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Shriram Life Insurance Sales Development Manager Salary FAQs

What is the salary of Sales Development Manager at Shriram Life Insurance ?
The average salary of a Sales Development Manager at Shriram Life Insurance in India typically ranges from ₹1.8 Lakhs to ₹2.4 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Sales Development Manager at Shriram Life Insurance earn more than ₹2.4 Lakhs per year, and the top 1% earn over ₹2.4 Lakhs per year. Sales 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 7 Shriram Life Insurance employees in India.
What is the estimated take home salary of a Sales Development Manager at Shriram Life Insurance in India?
The estimated take-home salary of a Sales Development Manager at Shriram Life Insurance in India typically ranges from ₹14,308 to ₹15,816 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹2.4 Lakhs per year for employees with experience ranging from 1 year to 3 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 7 salaries received from various employees of Shriram Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Shriram Life Insurance for Sales Development Manager in India?
Bajaj Allianz Life Insurance ₹1.8 Lakhs to ₹8.5 Lakhs per year
Kotak Mahindara Life Insurance ₹3.6 Lakhs to ₹6.5 Lakhs per year
ICICI Lombard General Insurance Company ₹3.3 Lakhs to ₹6.0 Lakhs per year
ICICI Prudential Life Insurance ₹2.5 Lakhs to ₹5.2 Lakhs per year
Tata AIA Life Insurance ₹2.5 Lakhs to ₹4.8 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 Sales Development Manager in companies similar to Shriram Life Insurance in India?
The salary of a Sales 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:

HDFC Life ₹1.5 Lakhs to ₹4.6 Lakhs per year
SBI Life Insurance Company ₹2.5 Lakhs to ₹4.0 Lakhs per year
Reliance Nippon Life Insurance ₹2.6 Lakhs to ₹3.0 Lakhs per year
Axis Max Life Insurance ₹1.8 Lakhs to ₹3.0 Lakhs per year
HDFC Ergo General Insurance ₹2.2 Lakhs to ₹2.7 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 Sales Development Manager at Shriram Life Insurance in India?
The salary growth for a Sales Development Manager at Shriram Life Insurance depends on factors such as experience, performance, and promotions. On average, a Sales Development Manager can expect the following growth trajectory at Shriram Life Insurance:

Experience Average Salary Range
1 year ₹1.6 Lakhs to ₹2.1 Lakhs per year
2 years ₹1.8 Lakhs to ₹2.4 Lakhs per year
3 years ₹2.2 Lakhs to ₹2.8 Lakhs per year
and so on.

Tell us how to improve this page.

Shriram Life Insurance Sales Development Manager salary in India ranges between ₹1.8 Lakh to ₹2.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.