Smc Insurance Brokers Business Development Manager Salaries by 7 Employees (Updated 2025)

3 - 9 years exp.

₹3 Lakhs - ₹5.5 Lakhs

Salary of majority employees

37% less than the average Business Development Manager Salary in Insurance Companies for 3 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Manager Salary 3 - 9 years exp. (5 salaries)	₹3 L/yr - ₹5 L/yr
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Sales & Business Development Business Development Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 15 Mar 2025

Companies similar to Smc Insurance Brokers for Business Development Manager

Company name	Avg Annual Salary	Open Jobs
IndiaFirst Life Insurance Business Development Manager Salary 0 - 10 years exp. (849 salaries)	₹1.5 L/yr - ₹6 L/yr 19% less	1 job opening
Edelweiss Life Insurance Business Development Manager Salary 1 - 10 years exp. (108 salaries)	₹1.5 L/yr - ₹5.5 L/yr 25% less
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Aditya Birla Health Insurance Co Business Development Manager Salary 3 - 10 years exp. (79 salaries)	₹3.4 L/yr - ₹6 L/yr 5% less
Bharti AXA Life Insurance Business Development Manager Salary 0 - 10 years exp. (63 salaries)	₹2.4 L/yr - ₹8.8 L/yr 16% less
Cholamandalam MS General Insurance Business Development Manager Salary 1 - 15 years exp. (59 salaries)	₹2.8 L/yr - ₹13 L/yr 61% more
Future Generali India Life Insurance Business Development Manager Salary 0 - 13 years exp. (30 salaries)	₹3.5 L/yr - ₹7 L/yr 9% more
Aegon Life Insurance Business Development Manager Salary 3 - 11 years exp. (18 salaries)	₹4 L/yr - ₹8 L/yr 11% more
Paramount Health Services Tpa Business Development Manager Salary 3 - 20 years exp. (7 salaries)	₹3.7 L/yr - ₹7 L/yr 7% more	1 job opening
Europ Assistance India Business Development Manager Salary 14 - 16 years exp. (6 salaries)	₹22.5 L/yr - ₹26 L/yr 411% more
Ageas Federal Life Insurance Business Development Manager Salary 2 - 9 years exp. (5 salaries)	₹3.5 L/yr - ₹5 L/yr 14% less
CignaTTk Health Insurance Business Development Manager Salary 9 - 12 years exp. (4 salaries)	₹3.3 L/yr - ₹6.5 L/yr 19% less
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Mahindra Insurance Brokers Business Development Manager Salary 5 - 6 years exp. (4 salaries)	₹3.6 L/yr - ₹4 L/yr 19% less
Pramerica Life Insurance Business Development Manager Salary 3 - 14 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 18% less
Medi Assist India Business Development Manager Salary 6 - 13 years exp. (4 salaries)	₹4.5 L/yr - ₹11.2 L/yr 58% more	1 job opening
Shriram General Insurance Business Development Manager Salary 1 - 8 years exp. (4 salaries)	₹2.4 L/yr - ₹5.5 L/yr 24% less
Liberty General Insurance Business Development Manager Salary 1 - 13 years exp. (3 salaries)	₹6 L/yr - ₹26 L/yr 185% more

Business Development Manager salary at Smc Insurance Brokers ranges between ₹3 Lakhs to ₹5.5 Lakhs per year for employees with experience between 3 years to 9 years. Salary estimates are based on 7 latest salaries received from various employees of Smc Insurance Brokers.

Experience wise Smc Insurance Brokers Business Development Manager salaries

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
4 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
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5 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
6 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
7 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
8 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.7 L/yr
9 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr

View all

Similar Designation salaries in Smc Insurance Brokers

Senior Business Development Manager Salary

(3 salaries)

₹4.5 L/yr - ₹6 L/yr

Business Development Executive Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Zonal Sales Manager Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Area Sales Manager Salary

(6 salaries)

₹5.45 L/yr - ₹8.2 L/yr

Territory Sales Manager Salary

(AmbitionBox Estimate)

₹6.7 L/yr - ₹8.5 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹7 L/yr - ₹9 L/yr

Regional Manager Salary

(3 salaries)

₹9 L/yr - ₹11 L/yr

Branch Manager Salary

(4 salaries)

₹2.4 L/yr - ₹4.5 L/yr

Top skills at Smc Insurance Brokers for Business Development Manager

Life Insurance Health Insurance bdm Motor Insurance Relationship Management Insurance Sales Life Insurance RM Motor Insurance General Insurance Sales Business Development Management General Insurance Salesforce General Insurance Health Insurance

Salary related reviews for Smc Insurance Brokers

Team Lead in Noida

Full Time

Engineering - Software & QA Department

4.0

• posted on 18 Oct 2023

5.0

for Salary and Benefits

Likes

Gives chance to freshers. Salary in time. Give opportunities to grow.

Salary - Excellent

+6 more

Dislikes

There is scope of improvement in every company so is with SMC insurance. They need improvement in team structure and need to work on how to priorities the task.

Area Manager in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 14 Jul 2023

1.0

for Salary and Benefits

Likes

Disgusting company h....meri salary kha gyi... disgusting company to work ever...Rahul Mittal name ka cheated man h company m RH bna baitha h...Sabki salry kha jatah....neech admi h ...Rahul Mittal...dont work ever here...

Dislikes

Disgusting ever company. Dont paid salry ever.false commitment and cheated people upper HR and ceo cmd and RH all... disgusting people

Salary - Bad

+6 more

Area Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 04 Feb 2023

2.0

for Salary and Benefits

Likes

Nothing Worth Mentioning Salary On Time Only

Dislikes

No Job Security Before Completing Probation They Will Seperate One Employee Stating Productivity Issue For The Sake Of GMC and GPA Coverage Post Probation And Notice Period 60 Days No On Job Training No Clarity On Months Target No KPI No Incentive For Sales People No Contest, RNR For Agents and Intermediary

Salary - Poor

+6 more

Sales Executive in Noida

Other Department

5.0

• posted on 01 Nov 2018

2.0

for Salary and Benefits

Likes

According my experince,best managent of smc insurance company.and senior behive like a friend.

Promotions - Good

Dislikes

compensation is decent,but growth is slow.i completed my target every month but i am not promoted.this is fact of company.....

Salary - Poor

+4 more

Back Office Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 29 Oct 2022

1.0

for Salary and Benefits

Likes

Nothing.

Work-life balance - Good

Dislikes

...ve my 7 precious year but no recognition at all. Even director does't know me. Company not providing better salary. Seniors are cheap minded. They can't see u grow within or outside the organisation. Well, i left from here and much more satisfied where i am right now.

Salary - Bad

+3 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Smc Insurance Brokers Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Smc Insurance Brokers ?

The average salary of a Business Development Manager at Smc Insurance Brokers in India typically ranges from ₹3.0 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 3 years to 9 years).

The top 10% of Business Development Manager at Smc Insurance Brokers earn more than ₹5.4 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Business Development Manager Salaries at Smc Insurance Brokers 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 Smc Insurance Brokers employees in India.

What is the estimated take home salary of a Business Development Manager at Smc Insurance Brokers in India?

The estimated take-home salary of a Business Development Manager at Smc Insurance Brokers in India typically ranges from ₹35,971 to ₹37,196 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 3 years to 9 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 Smc Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Business Development Manager at Smc Insurance Brokers ?

To be a Business Development Manager at Smc Insurance Brokers in india, the key skills required include:

- Life Insurance
- Health Insurance
- bdm
- Motor Insurance
- Relationship Management

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

Which companies offer higher salaries than Smc Insurance Brokers for Business Development Manager in India?

Europ Assistance India	₹22.5 Lakhs to ₹26.0 Lakhs per year
Liberty General Insurance	₹6.0 Lakhs to ₹26.0 Lakhs per year
Cholamandalam MS General Insurance	₹2.8 Lakhs to ₹13.0 Lakhs per year
Medi Assist India	₹4.5 Lakhs to ₹11.2 Lakhs per year
Aegon Life Insurance	₹4.0 Lakhs to ₹8.0 Lakhs per year

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

What is the salary of a Business Development Manager in companies similar to Smc Insurance Brokers in India?

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

Future Generali India Life Insurance	₹3.5 Lakhs to ₹7.0 Lakhs per year
Paramount Health Services Tpa	₹3.7 Lakhs to ₹7.0 Lakhs per year
Aditya Birla Health Insurance Co	₹3.4 Lakhs to ₹6.0 Lakhs per year
Ageas Federal Life Insurance	₹3.5 Lakhs to ₹5.0 Lakhs per year
Bharti AXA Life Insurance	₹2.4 Lakhs to ₹8.8 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 Business Development Manager at Smc Insurance Brokers in India?

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

Experience	Average Salary Range
3 years	₹3.8 Lakhs to ₹4.9 Lakhs per year
4 years	₹4.0 Lakhs to ₹5.1 Lakhs per year
5 years	₹4.1 Lakhs to ₹5.2 Lakhs per year
6 years	₹4.2 Lakhs to ₹5.4 Lakhs per year

and so on.

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Smc Insurance Brokers Business Development Manager Salaries

Smc Insurance Brokers Business Development Manager salary in India ranges between ₹3 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Smc Insurance Brokers latest salaries received from various employees of Smc Insurance Brokers.