Canara HSBC Life Insurance Cluster Business Manager Salaries by 200+ Employees (Updated 2025)

5 - 20 years exp.

₹4.5 Lakhs - ₹13 Lakhs

Salary of majority employees

22% less than the average Cluster Business Manager Salary in Insurance Companies for 5 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Business Manager Salary 5 - 20 years exp. (128 salaries)	₹4.5 L/yr - ₹12.6 L/yr
Sales & Business Development Cluster Business Manager Salary 5 - 20 years exp. (64 salaries)	₹4.8 L/yr - ₹13 L/yr
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Marketing & Communication Cluster Business Manager Salary 6 - 15 years exp. (12 salaries)	₹5.3 L/yr - ₹10 L/yr

Last Updated: 10 Feb 2025

Companies similar to Canara HSBC Life Insurance for Cluster Business Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Cluster Business Manager Salary 5 - 14 years exp. (4 salaries)	₹7.5 L/yr - ₹10.5 L/yr 7% more
Reliance General Insurance Cluster Business Manager Salary 2 - 19 years exp. (7 salaries)	₹6 L/yr - ₹15.5 L/yr 28% more
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Reliance Nippon Life Insurance Cluster Business Manager Salary 10 - 16 years exp. (4 salaries)	₹5.8 L/yr - ₹7 L/yr 27% less
ICICI Lombard General Insurance Company Cluster Business Manager Salary 15 - 20 years exp. (4 salaries)	₹16.7 L/yr - ₹19 L/yr 103% more
Rivigo Cluster Business Manager Salary 5 - 15 years exp. (128 salaries)	₹6.2 L/yr - ₹21 L/yr 39% more

Cluster Business Manager salary at Canara HSBC Life Insurance ranges between ₹4.5 Lakhs to ₹13 Lakhs per year for employees with experience between 5 years to 20 years. Salary estimates are based on 237 latest salaries received from various employees of Canara HSBC Life Insurance.

Experience wise Canara HSBC Life Insurance Cluster Business Manager salaries

Last Updated: 10 Feb 2025

Experience	Avg Annual Salary
5 years (15 salaries)	₹4.5 L/yr - ₹8 L/yr
6 years (30 salaries)	₹4.8 L/yr - ₹8 L/yr
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7 years (27 salaries)	₹5 L/yr - ₹8 L/yr
8 years (39 salaries)	₹4.5 L/yr - ₹10.1 L/yr
9 years (29 salaries)	₹5 L/yr - ₹9.5 L/yr
10 years (30 salaries)	₹5 L/yr - ₹12 L/yr
11 years (19 salaries)	₹5.5 L/yr - ₹10 L/yr
12 years (16 salaries)	₹5.3 L/yr - ₹11.3 L/yr
13 years (10 salaries)	₹6 L/yr - ₹13 L/yr
14 years (10 salaries)	₹6.1 L/yr - ₹11.3 L/yr
15+ years (12 salaries)	₹7.6 L/yr - ₹13 L/yr

View all

Similar Designation salaries in Canara HSBC Life Insurance

Senior Relationship Officer Salary

(345 salaries)

₹2.65 L/yr - ₹5.5 L/yr

Sales Officer Salary

(338 salaries)

₹2 L/yr - ₹4.27 L/yr

Relationship Manager Salary

(199 salaries)

₹2.5 L/yr - ₹5.79 L/yr

Senior Sales Officer Salary

(197 salaries)

₹2.8 L/yr - ₹4.35 L/yr

Cluster Business Head Salary

(192 salaries)

₹5 L/yr - ₹13.09 L/yr

Senior Relationship Manager Salary

(90 salaries)

₹2.95 L/yr - ₹5.5 L/yr

Sales Manager Salary

(87 salaries)

₹3 L/yr - ₹8.79 L/yr

Regional Business Head Salary

(64 salaries)

₹11 L/yr - ₹20 L/yr

Area Sales Manager Salary

(52 salaries)

₹6 L/yr - ₹12 L/yr

Executive Relationship Manager Salary

(46 salaries)

₹3.95 L/yr - ₹6.3 L/yr

Top skills at Canara HSBC Life Insurance for Cluster Business Manager

Team Handling Target Achievement Life Insurance Team Motivation Relationship Management Revenue Generation Branch Management Activation Branch Handling Direct Sales Lead Generation Team Building Area Management Heading Branch New Client Acquisition

Salary related reviews for Canara HSBC Life Insurance

3.5

Rated by 57 employees for salary & benefits

Cluster Business Head in Patna

Full Time

Sales & Business Development Department

3.0

• posted on 31 Jul 2024

2.0

for Salary and Benefits

Likes

Promotion criteria is crystal clear

Skill development - Good

Dislikes

Internal promoters working on lowest salary, Partiality with employees, not support to female employees, specifically after maternity leave no any rule for female employees for location and work life balance with baby.

Salary - Poor

+1 more

Cluster Business Head in Agartala

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 01 Feb 2025

5.0

for Salary and Benefits

Likes

FLS level promotion promotion & salary structure & Product feature is very good.

Salary - Excellent

+1 more

Dislikes

Many issues in IT segment like login process , issuance process so lengthy , Monthly & Yearly target setup 🎯 not maintained properly

Skill development - Poor

+2 more

Senior Relationship Officer in Dehradun

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 26 Jul 2023

5.0

for Salary and Benefits

Likes

Salary and incentives are given in time Are suitability rewarded for good work Good working culture Hr policies are good

Salary - Excellent

+4 more

Dislikes

Personally I didn't not see myself growing Traveling allowances are given when you meet a specific creteria

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

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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Canara HSBC Life Insurance Cluster Business Manager Salary FAQs

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

Cluster Business Manager salary at Canara HSBC Life Insurance in India ranges between ₹4.5 Lakhs to ₹13.0 Lakhs for experience between 5 years to 20 years. According to our estimates it is 22% less than the average Cluster Business Manager Salary in India. Salary estimates are based on 237 latest salaries received from various employees of Canara HSBC Life Insurance India.

How does the salary of a Cluster Business Manager at Canara HSBC Life Insurance India compare with the average salary range for this job?

The average salary of a Cluster Business Manager at Canara HSBC Life Insurance is 22% less than the average salary of a Cluster Business Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Cluster Business Manager at Canara HSBC Life Insurance?

Team Handling, Target Achievement, Life Insurance, Team Motivation and Relationship Management are some of the popular skills required to work as a Cluster Business Manager at Canara HSBC Life Insurance India.

Which similar companies are paying more than Canara HSBC Life Insurance to a Cluster Business Manager in India?

ICICI Lombard General Insurance Company Cluster Business Manager Salary - ₹16.7 Lakhs to ₹19.0 Lakhs per year
Rivigo Cluster Business Manager Salary - ₹6.2 Lakhs to ₹21.0 Lakhs per year
Reliance General Insurance Cluster Business Manager Salary - ₹6.0 Lakhs to ₹15.5 Lakhs per year
HDFC Life Cluster Business Manager Salary - ₹7.5 Lakhs to ₹10.5 Lakhs per year

What is the salary of a Cluster Business Manager in companies similar to Canara HSBC Life Insurance in India?

Reliance Nippon Life Insurance Cluster Business Manager Salary - ₹5.8 Lakhs to ₹7.0 Lakhs per year

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

The estimated take-home salary of a Cluster Business Manager at Canara HSBC Life Insurance ranges between ₹63,448 per month to ₹65,062 per month in India. The take-home salary calculation is based on the average Canara HSBC Life Insurance Cluster Business Manager salary in India which ranges between ₹4.5 Lakhs to ₹13.0 Lakhs per year for employees with experience between 5 years to 20 years. Check how did we calculate take home salary?

What is the notice period for Cluster Business Manager at Canara HSBC Life Insurance?

According to AmbitionBox, 55% of the Canara HSBC Life Insurance Cluster Business Managers reported a notice period of 3 Months, 26% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 120 responses on AmbitionBox in last 2 years.

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Canara HSBC Life Insurance Cluster Business Manager Salaries by Location

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Canara HSBC Life Insurance Cluster Business Manager Salaries

Canara HSBC Life Insurance Cluster Business Manager salary in India ranges between ₹4.5 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 237 Canara HSBC Life Insurance latest salaries received from various employees of Canara HSBC Life Insurance.

Canara HSBC Life Insurance Cluster Business Manager salaries in India

Companies similar to Canara HSBC Life Insurance for Cluster Business Manager

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

Experience wise Canara HSBC Life Insurance Cluster Business Manager salaries

Similar Designation salaries in Canara HSBC Life Insurance

Top skills at Canara HSBC Life Insurance for Cluster Business Manager

Salary related reviews for Canara HSBC Life Insurance

Cluster Business Head in Patna

Cluster Business Head in Agartala

Senior Relationship Officer in Dehradun

Sales Officer in Mysuru / Mysore

Relationship Manager in Meerut

Canara HSBC Life Insurance Cluster Business Manager Salary FAQs

Tell us how to improve this page.

Canara HSBC Life Insurance Cluster Business Manager Salaries by Location