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HDFC Life Business Development Manager salaries in India (Updated 2025)

Annual salary range
0 - 10 years exp.
₹1.8 Lakh - ₹5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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Business Development Manager Salary at HDFC Life ranges between ₹1.8 Lakh to ₹5 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 1.4k latest... Read more

51% less than the average Business Development Manager Salary in Insurance Companies for 0 - 10 years of experience

Interested in this particular role? 10 job openings

What are the roles & responsibilities of a Business Development Manager at HDFC Life?

Team Management

  • Recruit and train advisors
  • Mentor and motivate team members
  • Drive sales targets through effective leadership
  • Focus on advisor and customer retention

Sales Strategy

  • Develop and implement sales strategies
  • Identify new business opportunities
  • Generate sales leads through advisors

Read full roles & responsibilities

Last Updated: 29 Jun 2025

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Gallagher Business Development Manager Salary

4 - 14 years exp. (3 salaries)

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Latest annual salaries shared by HDFC Life Business Development Manager

4d ago
₹3.2 Lakhs
4 years exp.
4d ago
₹4 Lakhs
1 year exp.
4d ago
₹3.3 Lakhs
2 years exp.
4d ago
₹4 Lakhs
3 years exp.
4d ago
₹3.3 Lakhs
2 years exp.
5d ago
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6 years exp.
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5 months exp.
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1 year exp.
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HDFC Life Business Development Manager salaries by

Years of experience Avg. annual salary
Fresher  (92 salaries)

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₹2 L/yr - ₹4 L/yr
1 year  (124 salaries)

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₹1.8 L/yr - ₹4.5 L/yr
2 years  (188 salaries)

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₹2 L/yr - ₹4.5 L/yr
3 years  (288 salaries)

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₹1.8 L/yr - ₹5 L/yr
4 years  (222 salaries)

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₹1.9 L/yr - ₹4.6 L/yr
View all salaries by experience

Similar Designation Salaries at HDFC Life

Similar Designation Avg. annual salary
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₹3 L/yr - ₹5 L/yr

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₹2.3 L/yr - ₹8 L/yr

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₹1.2 L/yr - ₹4 L/yr

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₹2.4 L/yr - ₹6.5 L/yr

Zonal Sales Manager Salary
(AmbitionBox Estimate)
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₹17.1 L/yr - ₹21.8 L/yr

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₹2.5 L/yr - ₹6 L/yr

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₹4 L/yr - ₹5.5 L/yr

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₹2.3 L/yr - ₹8 L/yr

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₹2 L/yr - ₹8 L/yr

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₹3.8 L/yr - ₹14 L/yr

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What people are saying about HDFC Life

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Salary related reviews for HDFC Life

3.8

Rated by 933 employees for salary & benefits

Full Time

 · 

Marketing & Communication Department

5.0
  •  updated on 10 Feb 2025

1.0
 for  Salary and Benefits

Likes

Hello team m Rishabh Rastogi from HDFC LIFE Bijnor Branch, there is a lot of pressure here for work and HDFC Life is a very good brand but there are no facilities for the employees in the office.

read more
  • Work-life balance - Excellent

Dislikes

Here the calculation is less Here the salary is very high as compared to low and the facilities are also very less, the promotions target is very high and there are many parameters.

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  updated on 30 May 2024

3.0
 for  Salary and Benefits

Likes

You get salary on time.

Dislikes

Late night sitting unnecessarily, Rude and rough language usage by bosses inspite of men or women, Depreciation, Don't follow code of conduct,Don't respect staffs ,only business and results, lack of co-operation and team work, Insist for hard drinks ,Bad behaviour, don't get leave if you don't perform, bias nature.

read more
  • Work satisfaction - Bad
  • +2 more

Full Time

 · 

Sales & Business Development Department

4.0
  •  updated on 26 Jan 2023

4.0
 for  Salary and Benefits

Likes

I like work atmosphere with relative co-employee and higher s mainly learning skills and developing of my work and working times .everything is going well here very good job for employees, growth levels also very nice..

read more
  • Salary - Good
  • +5 more

Dislikes

I'm unsatisfied with my salary and I got work pressure a lot .

Full Time

 · 

Sales & Business Development Department

4.0
  •  updated on 28 Nov 2022

3.0
 for  Salary and Benefits

Likes

I just simply love the company, be it work culture, sales incentives, or training and they are always open to feedback and suggestion. I learned a lot in HDFC life.

read more
  • Skill development - Good
  • +5 more

Dislikes

I was not satisfied with my salary, I was asked for my salary at the time of the interview and I told them 25000 pm. I was hired and when I got my first salary it was 170000 which was really heartbreaking.

read more

Full Time

 · 

Customer Success, Service & Operations Department

5.0
  •  updated on 13 Dec 2022

5.0
 for  Salary and Benefits

Likes

People will say you there's lot of pressure... Well it is true but for those who wait till 31st or 30th just for the salary. Else just complete minimum Target and stay happy

read more
  • Salary - Excellent
  • +3 more

Dislikes

Sometime especially after COVID the virtual meeting last longer than 4-5 hrs . Unbearable sometimes. Some politics in cabins which is quite common everywhere.

read more
see more salary related reviews

HDFC Life Business Development Manager Salary FAQs

What is the salary of Business Development Manager at HDFC Life ?
The average salary of a Business Development Manager at HDFC Life in India typically ranges from ₹1.8 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Business Development Manager at HDFC Life earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Business Development Manager Salaries at HDFC Life 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 1300+ HDFC Life employees in India.
What is the estimated take home salary of a Business Development Manager at HDFC Life in India?
The estimated take-home salary of a Business Development Manager at HDFC Life in India typically ranges from ₹27,323 to ₹28,727 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 10 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 1300+ salaries received from various employees of HDFC Life. 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 HDFC Life ?
To be a Business Development Manager at HDFC Life in india, the key skills required include:

  • - Business Development Management
  • - Insurance Sales
  • - Agency Sales
  • - Agent Recruitment
  • - Agency Channel

These skills are highly valued at HDFC Life and are crucial for successful performance in a Software Engineering role.
What is the salary of a Business Development Manager in companies similar to HDFC Life in India?
The salary of a Business Development Manager at companies similar to HDFC Life in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

United India Insurance Company ₹0.0 Lakhs to ₹0.0 Lakhs per year
Gallagher ₹0.0 Lakhs to ₹0.0 Lakhs per year
Kotak Mahindara Life Insurance ₹0.0 Lakhs to ₹0.0 Lakhs per year
Axis Max Life Insurance ₹0.0 Lakhs to ₹0.0 Lakhs per year
SBI Life Insurance Company ₹0.0 Lakhs to ₹0.0 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 HDFC Life in India?
The salary growth for a Business Development Manager at HDFC Life depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
Fresher ₹2.0 Lakhs to ₹4.0 Lakhs per year
1 year ₹1.8 Lakhs to ₹4.5 Lakhs per year
2 years ₹2.0 Lakhs to ₹4.5 Lakhs per year
3 years ₹1.8 Lakhs to ₹5.0 Lakhs per year
and so on.

Top skills at HDFC Life for Business Development Manager

Sales Leadership Negotiation

Tell us how to improve this page.

HDFC Life Business Development Manager salary in India ranges between ₹1.8 Lakh to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 1.4k HDFC Life latest salaries received from various employees of HDFC Life.