Canara HSBC Life Insurance Mumbai Area Sales Manager Salaries by 4 Employees

9 - 16 years exp.

₹8.5 Lakhs - ₹12 Lakhs

Avg. annual salary

Monthly In-hand Salary

16% less than the average Area Sales Manager Salary in Insurance Companies for 9 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Sales Manager Salary 12 - 16 years exp. (AmbitionBox Estimate)	₹9.8 L/yr - ₹12 L/yr
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Sales & Business Development Area Sales Manager Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹8.5 L/yr - ₹9 L/yr

Last Updated: 13 Mar 2023

Companies similar to Canara HSBC Life Insurance for Area Sales Manager in Mumbai

Canara HSBC Life Insurance Area Sales Manager Salary

9 - 16 years exp. (4 salaries)

₹8.5 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Area Sales Manager Salary 6 - 18 years exp. (44 salaries)	₹7 L/yr - ₹20 L/yr 36% more
Tata AIG Area Sales Manager Salary 5 - 17 years exp. (33 salaries)	₹6.2 L/yr - ₹15.3 L/yr 7% more	7 job openings
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Aditya Birla Health Insurance Co Area Sales Manager Salary 6 - 15 years exp. (25 salaries)	₹7.1 L/yr - ₹14.3 L/yr 14% more
ICICI Prudential Life Insurance Area Sales Manager Salary 3 - 12 years exp. (16 salaries)	₹6 L/yr - ₹14.5 L/yr 1% more
Aditya Birla Sun Life Insurance Area Sales Manager Salary 5 - 14 years exp. (10 salaries)	₹5 L/yr - ₹13.4 L/yr 13% less
Tata AIA Life Insurance Area Sales Manager Salary 10 - 14 years exp. (7 salaries)	₹9.1 L/yr - ₹16.5 L/yr 46% more
SBI General Insurance Area Sales Manager Salary 14 - 18 years exp. (5 salaries)	₹11 L/yr - ₹17 L/yr 57% more	1 job opening
Bajaj Allianz Life Insurance Area Sales Manager Salary 8 - 11 years exp. (4 salaries)	₹5 L/yr - ₹12 L/yr 21% less

Area Sales Manager salary at Canara HSBC Life Insurance ranges between ₹8.5 Lakhs to ₹12 Lakhs per year for employees with experience between 9 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of Canara HSBC Life Insurance.

Experience wise Canara HSBC Life Insurance Area Sales Manager salaries in Mumbai

Last Updated: 13 Mar 2023

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.5 L/yr
10 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
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11 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
12 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.8 L/yr
13 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
14 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
15+ years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr

View all

Similar Designation salaries in Canara HSBC Life Insurance

Sales Manager Salary

(10 salaries)

₹3 L/yr - ₹7.5 L/yr

Cluster Manager Salary

(4 salaries)

₹7.1 L/yr - ₹9.65 L/yr

Top skills at Canara HSBC Life Insurance for Area Sales Manager

Life Insurance ASM Bancassurance Senior Management Area Sales Management Sales Management New Business Sales Quality Standards Region Area Sales Territory Sales banca

Salary related reviews for Canara HSBC Life Insurance

Relationship Manager in Dhanbad

Full Time

Sales & Business Development Department

4.0

• posted on 25 Feb 2025

3.0

for Salary and Benefits

Likes

Work life balance is good. You will acquire new learning here and you will definitely enhance your skills here. Time to time virtual training is organised. You will get options of fast track and regular promotions here for that you have to make sure to achieve the target.

Skill development - Good

+2 more

Dislikes

Salary is average as per the company's standards.

Sales Officer in Mysuru / Mysore

Full Time

Sales & Business Development Department

2.0

• posted on 09 Feb 2023

2.0

for Salary and Benefits

Likes

I can't like any thing because canara hsbc its a good company but from the RUH level management its worst.

Dislikes

Salary package Every 2nd and 4th Saturday meeting in HUB And some time they conducted meeting from 5.30 pm to 9 pm its very irritating. They are ready to debit only premium amount afterthat issuing problem and policy bond delivery problem.

Salary - Poor

+5 more

Relationship Manager in Meerut

Customer Success, Service & Operations Department

3.0

• posted on 07 Mar 2022

4.0

for Salary and Benefits

Likes

If you can handle pressure & You are enough clever to handle the situation & Politics. You Can earn extra incentives here no doubt. It's all about your supervisior. It's your luck to get a good CBM.

Salary - Good

+1 more

Dislikes

everything expect the Salary on time.

Job security - Bad

+4 more

Sales Officer in Hoshiarpur

Other Department

1.0

• posted on 22 Nov 2018

1.0

for Salary and Benefits

Likes

It was literally a very bad experience no compensation no benefits to the employees superiors are worst no career growth and zero job security. I must say that go there only if u want to hamper ur growth

Dislikes

Superiors don't have any knowledge no support from there end. This is the main reason why i leave

Salary - Bad

+6 more

Sales Officer in Bangalore Rural

Other Department

5.0

• posted on 09 Apr 2021

4.0

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

Salary - Good

+6 more

Dislikes

No dislikes

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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Canara HSBC Life Insurance Area Sales Manager Salary FAQs

What is the salary of Area Sales Manager at Canara HSBC Life Insurance in Mumbai?

The average salary of a Area Sales Manager at Canara HSBC Life Insurance in Mumbai typically ranges from ₹8.5 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 9 years to 16 years).

The top 10% of Area Sales Manager in Mumbai at Canara HSBC Life Insurance earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Area Sales Manager Salaries at Canara HSBC 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 4 Canara HSBC Life Insurance employees in India.

What is the estimated take home salary of a Area Sales Manager at Canara HSBC Life Insurance in Mumbai?

The estimated take-home salary of a Area Sales Manager at Canara HSBC Life Insurance in Mumbai typically ranges from ₹69,090 to ₹70,864 per month. This is based on the average salary range of ₹8.5 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 9 years to 16 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 4 salaries received from various employees of Canara HSBC Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Area Sales Manager at Canara HSBC Life Insurance in Mumbai?

To be a Area Sales Manager at Canara HSBC Life Insurance in Mumbai, the key skills required include:

- Life Insurance
- ASM
- Bancassurance
- Senior Management
- Area Sales Management

These skills are highly valued at Canara HSBC Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Canara HSBC Life Insurance for Area Sales Manager in India?

SBI General Insurance	₹11.0 Lakhs to ₹17.0 Lakhs per year
Tata AIA Life Insurance	₹9.1 Lakhs to ₹16.5 Lakhs per year
ICICI Lombard General Insurance Company	₹7.0 Lakhs to ₹20.0 Lakhs per year
Aditya Birla Health Insurance Co	₹7.1 Lakhs to ₹14.3 Lakhs per year
Tata AIG	₹6.2 Lakhs to ₹15.3 Lakhs per year

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

What is the salary of a Area Sales Manager in companies similar to Canara HSBC Life Insurance in Mumbai?

The salary of a Area Sales Manager at companies similar to Canara HSBC Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Prudential Life Insurance	₹6.0 Lakhs to ₹14.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹5.0 Lakhs to ₹13.4 Lakhs per year
Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹12.0 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 Area Sales Manager at Canara HSBC Life Insurance in Mumbai?

The salary growth for a Area Sales Manager at Canara HSBC Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Area Sales Manager in Mumbai can expect the following growth trajectory at Canara HSBC Life Insurance:

Experience	Average Salary Range
9 years	₹8.2 Lakhs to ₹10.5 Lakhs per year
10 years	₹8.3 Lakhs to ₹10.6 Lakhs per year
11 years	₹8.4 Lakhs to ₹10.7 Lakhs per year
12 years	₹8.4 Lakhs to ₹10.8 Lakhs per year

and so on.

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Canara HSBC Life Insurance Area Sales Manager Salaries in Mumbai

Canara HSBC Life Insurance Area Sales Manager salary in Mumbai ranges between ₹8.5 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Canara HSBC Life Insurance latest salaries received from various employees of Canara HSBC Life Insurance.