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SBI Life Insurance Company

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3.8

based on 4.3k Reviews

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SBI Life Insurance Company Business Development Manager salaries in Chennai (Updated 2025)

Annual salary range
0 - 13 years exp.
₹2.5 Lakhs - ₹6.4 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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Business Development Manager Salary at SBI Life Insurance Company ranges between ₹2.5 Lakhs to ₹6.4 Lakhs per year for employees with less than 1 year of experience to 13 years. Salary estimates are based on... Read more

36% less than the average Business Development Manager Salary in Insurance Companies for 0 - 13 years of experience

Interested in this particular role?

What are the roles & responsibilities of a Business Development Manager at SBI Life Insurance Company?

Sales Achievement

  • Achieving sales targets
  • Increase in number of CIFs / active branches
  • Achievement of sales target
  • Relationship Management at Regional/Branch level

Training and Development

  • Training CIFs, encouraging SBI staff to become CIF
  • Arranging training programs for CIFs on products and selling skills

Read full roles & responsibilities

Last Updated: 25 Jun 2025

Companies similar to SBI Life Insurance Company for Business Development Manager in Chennai

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SBI Life Insurance Company Business Development Manager Salary

0 - 13 years exp. (91 salaries)
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₹2.5 L/yr - ₹6.4 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Axis Max Life Insurance Business Development Manager Salary

2 - 11 years exp. (19 salaries)
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₹2.5 L/yr - ₹7.2 L/yr

arrow icon 5% more
 12 job openings
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ICICI Prudential Life Insurance Business Development Manager Salary

0 - 8 years exp. (16 salaries)
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₹3 L/yr - ₹4.3 L/yr

arrow icon 21% less
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Bajaj Allianz General Insurance Business Development Manager Salary

3 - 12 years exp. (7 salaries)
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₹3.9 L/yr - ₹7 L/yr

arrow icon 5% more
 5 job openings
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Kotak Mahindara Life Insurance Business Development Manager Salary

3 - 6 years exp. (3 salaries)
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₹4.3 L/yr - ₹7.8 L/yr

arrow icon 28% more
 32 job openings
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BYJU'S Business Development Manager Salary

2 - 8 years exp. (213 salaries)
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₹7 L/yr - ₹16.6 L/yr

arrow icon 110% more

Latest annual salaries shared by SBI Life Insurance Company Business Development Manager in Chennai

1w ago
₹5.3 Lakhs
6 years exp.
2w ago
₹4.8 Lakhs
9 years exp.
1mo ago
₹4.8 Lakhs
9 years exp.
1mo ago
₹6.4 Lakhs
11 years exp.
1mo ago
₹5 Lakhs
3 months exp.
2mo ago
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6 years exp.
2mo ago
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8 years exp.
3mo ago
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8 years exp.
3mo ago
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9 years exp.
4mo ago
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12 years exp.

SBI Life Insurance Company Business Development Manager salaries by

Years of experience Avg. annual salary
Fresher (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
1 year (AmbitionBox Estimate)

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₹3.7 L/yr - ₹4.7 L/yr
2 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.9 L/yr
3 years  (5 salaries)

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₹2.5 L/yr - ₹6.3 L/yr
4 years  (11 salaries)

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₹2.8 L/yr - ₹5.3 L/yr
View all salaries by experience

Similar Designation Salaries at SBI Life Insurance Company

Similar Designation Avg. annual salary
Senior Business Development Manager Salary
(18 salaries)
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₹3.8 L/yr - ₹7.5 L/yr

Top trending discussions

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Salary Discussions, Hike & Promotions
2w
a senior executive
GF salary Vs. My salary
Me and my gf have been dating for 5 years. Back in 2020, I started my career with a package of ₹5 LPA. Over the years, I’ve reached ₹22 LPA in 2025. She started her journey with ₹3 LPA(2020) and is now earning ₹8 LPA(2025). We’ve been in a live-in relationship for around 2 years, and the idea was to share expenses equally. But, equal sharing never really happened. If we go to a café she likes, especially with friends, I will pay the entire bill. We only split the house rent and grocery bills. I told her lots of time to cut down these costly cafe expenses or earn more money, increase your package, study and work hard, but.....she is now in her comfort zone. Being from a tech background, I have seen people upgrade their skills and package for a good life in metro cities. I am ready to support her in her studies, but she is like I am earning enough for myself.... No, you are not. I love her, but I don't know how to overcome this issue between us. Please suggest!
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Salary related reviews for SBI Life Insurance Company

3.2

Rated by 18 employees for salary & benefits

Business Development Manager in Ernakulam

Full Time

 · 

Sales & Business Development Department

3.0
  •  updated on 11 Jun 2025
4.0
 for  Salary and Benefits

Likes

Company is excellent in conducting programs and events, Salary and other allowances are up to date

read more
  • Salary - Good
    • +1 more

Dislikes

Individual targets in Ulip,Par,Non par & Protection separate target for SBI Yono plans, also have high pressure and targets for adding riders in the plans, will make you to travel all over Kerala for individual reviews if business is low

read more
  • Promotions - Bad

Business Development Manager in Deoghar

Full Time

 · 

Marketing & Communication Department

5.0
  •  updated on 30 Jan 2025
2.0
 for  Salary and Benefits

Likes

Very good policy, good Behaviour from all senior Management.

  • Skill development - Good
    • +3 more

Dislikes

I am working from last 8 year but my salary is very low. If someone working is in other companies and they switched from there to here they are getting good CTC. If you are working in good location and if your assign branch and branch manager is good so you can get promotion but if you not working in good location or your assign branch is not good it's very deficit to get promotion.

read more
  • Salary - Poor

Business Development Manager in Rajkot

Full Time

 · 

Sales & Business Development Department

3.0
  •  updated on 01 Feb 2023
2.0
 for  Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

Official working days me bhi office bulate hain aur bill pay nahi karte hain personal life jaish kuchh nahi rehta hain aur morning 7:00am zoom start kar dete hain

read more
  • Salary - Poor
    • +6 more

Business Development Manager in Jaipur

Full Time

 · 

Sels Department

5.0
  •  updated on 12 Apr 2021
5.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
    • +6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

read more

Business Development Manager in Work Form Bank And Field

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  updated on 25 Sep 2023
1.0
 for  Salary and Benefits

Likes

Only Job Security,

  • Job security - Good

Dislikes

...hear from long time. Only due to not get any increment I have left the job..... You will hire new persons on higher package but you won't retain ur old employes on giving them some litter bit hike or increment. My humble request to you that plz take care of your old employes who are working on lower package or CTC, from long time...plz don't force them to leave the job due to lower Package... And plz start Rehiring. Lots of old employes are ready to work with sbilife Again.🙏

read more
  • Salary - Bad
    • +3 more
see more salary related reviews
More about working at SBI Life Insurance Company

SBI Life Insurance Company Business Development Manager Salary FAQs

What is the salary of Business Development Manager at SBI Life Insurance Company in Chennai?
The average salary of a Business Development Manager at SBI Life Insurance Company in Chennai typically ranges from ₹2.5 Lakhs to ₹6.4 Lakhs per year, depending on experience (from Fresher to 13 years).

The top 10% of Business Development Manager in Chennai at SBI Life Insurance Company earn more than ₹5.9 Lakhs per year, and the top 1% earn over ₹6.4 Lakhs per year. Business Development Manager Salaries at SBI Life Insurance Company 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 90+ SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Business Development Manager at SBI Life Insurance Company in Chennai?
The estimated take-home salary of a Business Development Manager at SBI Life Insurance Company in Chennai typically ranges from ₹36,726 to ₹37,940 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹6.4 Lakhs per year for employees with experience ranging from Fresher to 13 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 90+ salaries received from various employees of SBI Life Insurance Company. 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 SBI Life Insurance Company in Chennai?
To be a Business Development Manager at SBI Life Insurance Company in Chennai, the key skills required include:

  • - bdm
  • - Region
  • - Business Development
  • - Bancassurance
  • - Sales

These skills are highly valued at SBI Life Insurance Company and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SBI Life Insurance Company for Business Development Manager in India?
BYJU'S ₹7.0 Lakhs to ₹16.6 Lakhs per year
Kotak Mahindara Life Insurance ₹4.3 Lakhs to ₹7.8 Lakhs per year
Bajaj Allianz General Insurance ₹3.9 Lakhs to ₹7.0 Lakhs per year
Axis Max Life Insurance ₹2.5 Lakhs to ₹7.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI Life Insurance Company, depending on the role and experience level.
What is the salary of a Business Development Manager in companies similar to SBI Life Insurance Company in Chennai?
The salary of a Business Development Manager at companies similar to SBI Life Insurance Company in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Prudential Life Insurance ₹3.0 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 Business Development Manager at SBI Life Insurance Company in Chennai?
The salary growth for a Business Development Manager at SBI Life Insurance Company in Chennai depends on factors such as experience, performance, and promotions. On average, a Business Development Manager in Chennai can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
Fresher ₹3.6 Lakhs to ₹4.6 Lakhs per year
1 year ₹3.7 Lakhs to ₹4.7 Lakhs per year
2 years ₹3.8 Lakhs to ₹4.9 Lakhs per year
3 years ₹2.5 Lakhs to ₹6.3 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Business Development Manager salary in Chennai ranges between ₹2.5 Lakhs to ₹6.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 91 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.