Canara HSBC Life Insurance Bancassurance Officer Salaries by 7 Employees (Updated 2025)

3 - 6 years exp.

₹2.5 Lakhs - ₹4.1 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

13% more than the average Bancassurance Officer Salary in Insurance Companies for 3 - 6 years of experience

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Last Updated: 15 Mar 2025

Companies similar to Canara HSBC Life Insurance for Bancassurance Officer

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Bancassurance Officer Salary 0 - 5 years exp. (69 salaries)	₹2.1 L/yr - ₹3.2 L/yr 14% less
HDFC Life Bancassurance Officer Salary 0 - 5 years exp. (65 salaries)	₹1.5 L/yr - ₹4.5 L/yr 8% less
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ICICI Prudential Life Insurance Bancassurance Officer Salary 1 - 5 years exp. (19 salaries)	₹1.5 L/yr - ₹4.5 L/yr 15% less
Aditya Birla Sun Life Insurance Bancassurance Officer Salary 0 - 5 years exp. (13 salaries)	₹2.3 L/yr - ₹4 L/yr 1% less
Bajaj Allianz Life Insurance Bancassurance Officer Salary 1 - 5 years exp. (10 salaries)	₹2.3 L/yr - ₹3.3 L/yr 14% less
ICICI Lombard General Insurance Company Bancassurance Officer Salary 1 - 6 years exp. (6 salaries)	₹3 L/yr - ₹3.6 L/yr 3% more
PNB MetLife Bancassurance Officer Salary 0 - 5 years exp. (6 salaries)	₹3 L/yr - ₹4.3 L/yr 1% less
SBI Life Insurance Company Bancassurance Officer Salary 1 - 7 years exp. (5 salaries)	₹2.6 L/yr - ₹4 L/yr 6% more
Reliance General Insurance Bancassurance Officer Salary 3 - 7 years exp. (5 salaries)	₹2.1 L/yr - ₹2.6 L/yr 27% less
Tata AIG Bancassurance Officer Salary 1 - 9 years exp. (4 salaries)	₹1.7 L/yr - ₹5.2 L/yr 32% more
Iffco Tokio General Insurance Co. Bancassurance Officer Salary 2 - 6 years exp. (4 salaries)	₹3.3 L/yr - ₹4 L/yr 13% more
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Shriram Life Insurance Bancassurance Officer Salary 3 - 5 years exp. (3 salaries)	₹1.8 L/yr - ₹2.3 L/yr 37% less
SBI General Insurance Bancassurance Officer Salary 2 - 3 years exp. (3 salaries)	₹2 L/yr - ₹3.8 L/yr 21% less

Bancassurance Officer salary at Canara HSBC Life Insurance ranges between ₹2.5 Lakhs to ₹4.1 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 7 latest salaries received from various employees of Canara HSBC Life Insurance.

Experience wise Canara HSBC Life Insurance Bancassurance Officer salaries

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
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5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
6 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr

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Salary related reviews for Canara HSBC Life Insurance

4.5

Rated by 3 employees for salary & benefits

Relationship Officer in Coimbatore

Full Time

Sales & Business Development Department

1.0

• posted on 09 Aug 2024

4.0

for Salary and Benefits

Likes

I worked Canara HSBC for more than 1 year. Most worst experience. No support from reporting manager and also regional manager. Bank managers always used to tell don’t work in Canara HSBC they are cheaters, they tell achievements recognition after archiving they will not do what they said. I worked year 1year, even a single time managers didn’t visit to my branches because Canara HSBC managers don’t have face to meet bank managers. Most worst company I have ever seen.

Salary - Good

+1 more

Dislikes

Only salary is good. Everything is worst. Don’t work with Canara HSBC and don’t loose your time. Products also worst

Job security - Bad

+4 more

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.

Relationship Officer in Coimbatore

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 30 Sep 2023

5.0

for Salary and Benefits

Likes

...convenient and get best relationship from the company and branch sidewise also. Get Good salary package and very best on incentive and appraisal.

Salary - Excellent

+6 more

Dislikes

Branch mapping issue's.

Relationship Officer in Jalpaiguri

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 25 Mar 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 every year.

Salary - Good

+4 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is high. And incentive structure is very Lucrative.

Relationship Officer in Bikramganj

Full Time

Sales & Business Development Department

5.0

• posted on 04 Dec 2020

5.0

for Salary and Benefits

Likes

Friendly environment, career growth, In covid -19 where every company Or government cuts salary Or recession in some company.. Canara hsbc life insurance company supports with same benefit .

Salary - Excellent

+5 more

Dislikes

IT , facing many problems while using ACT, mail is not working, Improvement in underwriting

Job security - Bad

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Canara HSBC Life Insurance Bancassurance Officer Salary FAQs

What is the salary of Bancassurance Officer at Canara HSBC Life Insurance ?

The average salary of a Bancassurance Officer at Canara HSBC Life Insurance in India typically ranges from ₹2.5 Lakhs to ₹4.1 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Bancassurance Officer at Canara HSBC Life Insurance earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.1 Lakhs per year. Bancassurance Officer 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 7 Canara HSBC Life Insurance employees in India.

What is the estimated take home salary of a Bancassurance Officer at Canara HSBC Life Insurance in India?

The estimated take-home salary of a Bancassurance Officer at Canara HSBC Life Insurance in India typically ranges from ₹22,916 to ₹24,386 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹4.1 Lakhs per year for employees with experience ranging from 3 years to 6 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 Canara HSBC Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Canara HSBC Life Insurance for Bancassurance Officer in India?

Tata AIG	₹1.7 Lakhs to ₹5.2 Lakhs per year
Iffco Tokio General Insurance Co.	₹3.3 Lakhs to ₹4.0 Lakhs per year
SBI Life Insurance Company	₹2.6 Lakhs to ₹4.0 Lakhs per year
ICICI Lombard General Insurance Company	₹3.0 Lakhs to ₹3.6 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 Bancassurance Officer in companies similar to Canara HSBC Life Insurance in India?

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

Aditya Birla Sun Life Insurance	₹2.3 Lakhs to ₹4.0 Lakhs per year
PNB MetLife	₹3.0 Lakhs to ₹4.3 Lakhs per year
HDFC Life	₹1.5 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz Life Insurance	₹2.3 Lakhs to ₹3.3 Lakhs per year
Tata AIA Life Insurance	₹2.1 Lakhs to ₹3.2 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 Bancassurance Officer at Canara HSBC Life Insurance in India?

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

Experience	Average Salary Range
3 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
4 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
5 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
6 years	₹2.8 Lakhs to ₹3.6 Lakhs per year

and so on.

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Canara HSBC Life Insurance Bancassurance Officer Salaries

Canara HSBC Life Insurance Bancassurance Officer salary in India ranges between ₹2.5 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Canara HSBC Life Insurance latest salaries received from various employees of Canara HSBC Life Insurance.