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

Annual salary range
1 - 7 years exp.
₹2.7 Lakhs - ₹4.8 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.
Avg. annual salary
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Monthly In-hand Salary

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63% less than the average Senior Business Development Manager Salary in Insurance Companies for 1 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Business Development Manager Salary
2 - 5 years exp. (3 salaries)
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₹3 L/yr - ₹4 L/yr

Sales & Business Development
Senior Business Development Manager Salary
3 - 4 years exp. (3 salaries)
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₹4 L/yr - ₹4.8 L/yr

Last Updated: 18 Mar 2025

Companies similar to Shriram Life Insurance for Senior Business Development Manager

Company name Avg Annual Salary Open Jobs
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₹3.4 L/yr - ₹8 L/yr

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₹3.4 L/yr - ₹8.5 L/yr

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₹4 L/yr - ₹6.8 L/yr

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₹3.8 L/yr - ₹14 L/yr

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₹5.3 L/yr - ₹8.2 L/yr

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₹2.8 L/yr - ₹6 L/yr

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₹4.5 L/yr - ₹5.8 L/yr

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₹5 L/yr - ₹7.8 L/yr

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₹3.6 L/yr - ₹6.5 L/yr

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₹10.5 L/yr - ₹13 L/yr

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₹4.4 L/yr - ₹8.2 L/yr

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₹4.2 L/yr - ₹12 L/yr

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₹3 L/yr - ₹5 L/yr

arrow icon 1% less
1 job opening
Senior Business Development Manager salary at Shriram Life Insurance ranges between ₹2.7 Lakhs to ₹4.8 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 8 latest salaries received from various employees of Shriram Life Insurance.

Latest annual salaries shared by Shriram Life Insurance Senior Business Development Manager

6d ago
₹4.8 Lakhs
4 years exp.
4mo ago
₹4.2 Lakhs
3 years exp.
1y ago
₹4 Lakhs
4 years exp.

Experience wise Shriram Life Insurance Senior Business Development Manager salaries

Last Updated: 18 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3 L/yr - ₹7.1 L/yr
2 years (AmbitionBox Estimate)

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₹3 L/yr - ₹7.2 L/yr
3 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.2 L/yr
4 years  (3 salaries)

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₹3.5 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹7.3 L/yr
View all

Similar Designation salaries in Shriram Life Insurance

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₹1.5 L/yr - ₹6 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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₹2.5 L/yr - ₹8 L/yr
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₹2.4 L/yr - ₹7.2 L/yr
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₹3 L/yr - ₹5 L/yr
Territory Sales Manager Salary
(AmbitionBox Estimate)
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₹2.2 L/yr - ₹2.8 L/yr
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₹8 L/yr - ₹22 L/yr
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₹2.4 L/yr - ₹3 L/yr
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₹1.8 L/yr - ₹6 L/yr

Salary related reviews for Shriram Life Insurance

4.0

Rated by 1 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.

read more
  • 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.

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  • 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.

read more
  • 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
see more salary related reviews

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Shriram Life Insurance Senior Business Development Manager Salary FAQs

What is the salary of Senior Business Development Manager at Shriram Life Insurance ?
The average salary of a Senior Business Development Manager at Shriram Life Insurance in India typically ranges from ₹2.7 Lakhs to ₹4.8 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Senior Business Development Manager at Shriram Life Insurance earn more than ₹4.6 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Senior Business 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 8 Shriram Life Insurance employees in India.
What is the estimated take home salary of a Senior Business Development Manager at Shriram Life Insurance in India?
The estimated take-home salary of a Senior Business Development Manager at Shriram Life Insurance in India typically ranges from ₹30,106 to ₹31,419 per month. This is based on the average salary range of ₹2.7 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from 1 year to 7 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 8 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 Senior Business Development Manager in India?
Aditya Birla Sun Life Insurance ₹10.5 Lakhs to ₹13.0 Lakhs per year
ICICI Lombard General Insurance Company ₹3.8 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Health Insurance Co ₹4.2 Lakhs to ₹12.0 Lakhs per year
Axis Max Life Insurance ₹5.3 Lakhs to ₹8.2 Lakhs per year
PNB MetLife ₹5.0 Lakhs to ₹7.8 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 Senior Business Development Manager in companies similar to Shriram Life Insurance in India?
The salary of a Senior Business 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:

SBI Life Insurance Company ₹3.4 Lakhs to ₹8.5 Lakhs per year
Reliance Nippon Life Insurance ₹4.4 Lakhs to ₹8.2 Lakhs per year
Kotak Mahindara Life Insurance ₹3.6 Lakhs to ₹6.5 Lakhs per year
SBI General Insurance ₹3.4 Lakhs to ₹8.0 Lakhs per year
Bajaj Allianz General Insurance ₹4.5 Lakhs to ₹5.8 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 Senior Business Development Manager at Shriram Life Insurance in India?
The salary growth for a Senior Business Development Manager at Shriram Life Insurance depends on factors such as experience, performance, and promotions. On average, a Senior Business Development Manager can expect the following growth trajectory at Shriram Life Insurance:

Experience Average Salary Range
1 year ₹3.0 Lakhs to ₹7.1 Lakhs per year
2 years ₹3.0 Lakhs to ₹7.2 Lakhs per year
3 years ₹1.6 Lakhs to ₹4.2 Lakhs per year
4 years ₹3.5 Lakhs to ₹4.8 Lakhs per year
and so on.

Tell us how to improve this page.

Shriram Life Insurance Senior Business Development Manager salary in India ranges between ₹2.7 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.