Canara HSBC Life Insurance Cluster Branch Manager Salaries by 20+ Employees (Updated 2025)

6 - 15 years exp.

₹5.5 Lakhs - ₹11 Lakhs

Avg. annual salary

Monthly In-hand Salary

43% less than the average Cluster Branch Manager Salary in Insurance Companies for 6 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Branch Manager Salary 6 - 15 years exp. (10 salaries)	₹5.5 L/yr - ₹10 L/yr
Sales & Business Development Cluster Branch Manager Salary 7 - 15 years exp. (4 salaries)	₹7.2 L/yr - ₹11 L/yr
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Customer Success, Service & Operations Cluster Branch Manager Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹8.3 L/yr
Marketing & Communication Cluster Branch Manager Salary 8 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹8.6 L/yr

Last Updated: 29 Jan 2025

Companies similar to Canara HSBC Life Insurance for Cluster Branch Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Cluster Branch Manager Salary 11 - 18 years exp. (20 salaries)	₹8 L/yr - ₹18.5 L/yr 72% more
Tata AIG Cluster Branch Manager Salary 10 - 16 years exp. (15 salaries)	₹10.8 L/yr - ₹16.5 L/yr 64% more
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Reliance General Insurance Cluster Branch Manager Salary 15 - 18 years exp. (5 salaries)	₹10 L/yr - ₹18.2 L/yr 74% more
Bajaj Allianz Life Insurance Cluster Branch Manager Salary 17 - 20 years exp. (4 salaries)	₹7 L/yr - ₹14.5 L/yr 29% more
HDFC Life Cluster Branch Manager Salary 5 - 11 years exp. (4 salaries)	₹6.7 L/yr - ₹10 L/yr 5% more

Cluster Branch Manager salary at Canara HSBC Life Insurance ranges between ₹5.5 Lakhs to ₹11 Lakhs per year for employees with experience between 6 years to 15 years. Salary estimates are based on 22 latest salaries received from various employees of Canara HSBC Life Insurance.

Latest annual salaries shared by Canara HSBC Life Insurance Cluster Branch Manager

1mo ago

₹8.5 Lakhs

12 years exp.

2mo ago

₹11 Lakhs

14 years exp.

2mo ago

₹8.3 Lakhs

11 years exp.

4mo ago

₹9 Lakhs

7 years exp.

7mo ago

₹8.3 Lakhs

10 years exp.

9mo ago

6 years exp.

11mo ago

15 years exp.

1y ago

10 years exp.

1y ago

11 years exp.

1y ago

9 years exp.

Experience wise Canara HSBC Life Insurance Cluster Branch Manager salaries

Last Updated: 29 Jan 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹7.5 L/yr
7 years (5 salaries)	₹5.5 L/yr - ₹9 L/yr
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8 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹13.4 L/yr
9 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹8.3 L/yr
10 years (4 salaries)	₹3.1 L/yr - ₹9 L/yr
11 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹9 L/yr
12 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹8.5 L/yr
13 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.5 L/yr
14 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹11 L/yr
15+ years (3 salaries)	₹3.5 L/yr - ₹11 L/yr

View all

Similar Designation salaries in Canara HSBC Life Insurance

Senior Branch Manager Salary

(AmbitionBox Estimate)

₹9.5 L/yr - ₹12.2 L/yr

Cluster Manager Salary

(38 salaries)

₹4.7 L/yr - ₹10 L/yr

Assistant Branch Manager Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Branch Manager Salary

(7 salaries)

₹7 L/yr - ₹12.5 L/yr

Area Sales Manager Salary

(47 salaries)

₹7 L/yr - ₹12 L/yr

Regional Manager Salary

(4 salaries)

₹12.5 L/yr - ₹18.5 L/yr

Area Manager Salary

(7 salaries)

₹8.5 L/yr - ₹12 L/yr

Credit Manager Salary

(4 salaries)

₹2.8 L/yr - ₹5.7 L/yr

Territory Manager Salary

(31 salaries)

₹4.5 L/yr - ₹8.05 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Salary related reviews for Canara HSBC Life Insurance

3.4

Rated by 11 employees for salary & benefits

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 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

Branch Head in Bhopal

BFSI, Investments & Trading Department

5.0

• posted on 28 Jun 2022

5.0

for Salary and Benefits

Likes

...tes are supportive and the management is transparent. There is a huge cafeteria. Company policies are good , appraisals are fair and they give good salary hike nad bonus tour's every year. We get learn and knew new things and enjoy doing work because of such a nice atmosphere and culture.

Salary - Excellent

+6 more

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

Executive Relationship Officer in Gurgaon / Gurugram

Full Time

Sales & Business Development Department

4.0

• posted on 18 Mar 2025

5.0

for Salary and Benefits

Likes

Promotion criteria is best. Salary hike is also a good part of growth.

Salary - Excellent

+4 more

Dislikes

No clarity on holidays to employees of bancassurance. If banks are opened we have to go to bank even if HO has holiday. If bank has holiday and HO doesn't we have to visit there in HO.

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Salary Discussions, Hike & Promotions

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 Cluster Branch Manager Salary FAQs

What is the salary of Cluster Branch Manager at Canara HSBC Life Insurance ?

The average salary of a Cluster Branch Manager at Canara HSBC Life Insurance in India typically ranges from ₹5.5 Lakhs to ₹11.0 Lakhs per year, depending on experience (from 6 years to 15 years).

The top 10% of Cluster Branch Manager at Canara HSBC Life Insurance earn more than ₹10.3 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Cluster Branch 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 20+ Canara HSBC Life Insurance employees in India.

What is the estimated take home salary of a Cluster Branch Manager at Canara HSBC Life Insurance in India?

The estimated take-home salary of a Cluster Branch Manager at Canara HSBC Life Insurance in India typically ranges from ₹58,265 to ₹59,733 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from 6 years to 15 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 20+ 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 Cluster Branch Manager in India?

Reliance General Insurance	₹10.0 Lakhs to ₹18.2 Lakhs per year
ICICI Lombard General Insurance Company	₹8.0 Lakhs to ₹18.5 Lakhs per year
Tata AIG	₹10.8 Lakhs to ₹16.5 Lakhs per year
Bajaj Allianz Life Insurance	₹7.0 Lakhs to ₹14.5 Lakhs per year
HDFC Life	₹6.7 Lakhs to ₹10.0 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.

How the salary growth look like for a Cluster Branch Manager at Canara HSBC Life Insurance in India?

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

Experience	Average Salary Range
6 years	₹7.1 Lakhs to ₹7.5 Lakhs per year
7 years	₹5.5 Lakhs to ₹9.0 Lakhs per year
8 years	₹6.4 Lakhs to ₹13.4 Lakhs per year
9 years	₹3.1 Lakhs to ₹8.3 Lakhs per year

and so on.

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Canara HSBC Life Insurance Cluster Branch Manager Salaries by Location

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Canara HSBC Life Insurance Cluster Branch Manager Salaries

Canara HSBC Life Insurance Cluster Branch Manager salary in India ranges between ₹5.5 Lakhs to ₹11 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 Canara HSBC Life Insurance latest salaries received from various employees of Canara HSBC Life Insurance.

Canara HSBC Life Insurance Cluster Branch Manager salaries in India (Updated 2025)

Companies similar to Canara HSBC Life Insurance for Cluster Branch Manager

Latest annual salaries shared by Canara HSBC Life Insurance Cluster Branch Manager

Experience wise Canara HSBC Life Insurance Cluster Branch Manager salaries

Similar Designation salaries in Canara HSBC Life Insurance

Salary related reviews for Canara HSBC Life Insurance

Relationship Manager in Dhanbad

Relationship Manager in Meerut

Branch Head in Bhopal

Relationship Officer in Coimbatore

Executive Relationship Officer in Gurgaon / Gurugram

Canara HSBC Life Insurance Cluster Branch Manager Salary FAQs

Tell us how to improve this page.

Canara HSBC Life Insurance Cluster Branch Manager Salaries by Location