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3.7

based on 1.9k Reviews

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Canara HSBC Life Insurance Cluster Business Manager salaries in Bangalore / Bengaluru (Updated 2025)

Annual salary range
5 - 15 years exp.
₹5.3 Lakhs - ₹10 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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20% less than the average Cluster Business Manager Salary in Insurance Companies for 5 - 15 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Cluster Business Manager Salary
5 - 11 years exp. (7 salaries)
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₹5.5 L/yr - ₹10 L/yr

Sales & Business Development
Cluster Business Manager Salary
5 - 10 years exp. (6 salaries)
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₹5.3 L/yr - ₹8.7 L/yr

Marketing & Communication
Cluster Business Manager Salary
8 - 15 years exp. (AmbitionBox Estimate)
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₹5.6 L/yr - ₹8.6 L/yr

Last Updated: 2 Apr 2025

Companies similar to Canara HSBC Life Insurance for Cluster Business Manager in Bangalore / Bengaluru

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Canara HSBC Life Insurance Cluster Business Manager Salary

5 - 15 years exp. (19 salaries)
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₹5.3 L/yr - ₹10 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Sammaan Capital Limited Cluster Business Manager Salary

15 - 20 years exp. (5 salaries)
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₹34.9 L/yr - ₹36 L/yr

arrow icon 350% more
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Rebel Foods Cluster Business Manager Salary

5 - 9 years exp. (5 salaries)
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₹8.5 L/yr - ₹9 L/yr

arrow icon 10% more
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Spykke Innovations Cluster Business Manager Salary

1 - 9 years exp. (4 salaries)
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₹5 L/yr - ₹8.5 L/yr

arrow icon 20% less
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Mahindra & Mahindra Cluster Business Manager Salary

13 - 14 years exp. (3 salaries)
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₹17.1 L/yr - ₹22 L/yr

arrow icon 145% more
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Ayu Health Hospitals Cluster Business Manager Salary

9 - 13 years exp. (3 salaries)
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₹12.4 L/yr - ₹20.2 L/yr

arrow icon 107% more
Cluster Business Manager salary at Canara HSBC Life Insurance ranges between ₹5.3 Lakhs to ₹10 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 19 latest salaries received from various employees of Canara HSBC Life Insurance.

Latest annual salaries shared by Canara HSBC Life Insurance Cluster Business Manager in Bangalore / Bengaluru

5d ago
₹10 Lakhs
8 years exp.
3mo ago
₹7.6 Lakhs
15 years exp.
5mo ago
₹7.8 Lakhs
6 years exp.
8mo ago
₹7.4 Lakhs
9 years exp.
1y ago
₹5.6 Lakhs
8 years exp.
1y ago
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8 years exp.
1y ago
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6 years exp.
1y ago
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5 years exp.

Experience wise Canara HSBC Life Insurance Cluster Business Manager salaries in Bangalore / Bengaluru

Last Updated: 2 Apr 2025

Experience Avg Annual Salary
5 years  (3 salaries)

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₹5.3 L/yr - ₹12.6 L/yr
6 years  (5 salaries)

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₹5.3 L/yr - ₹7.8 L/yr
7 years (AmbitionBox Estimate)

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₹6.6 L/yr - ₹8.4 L/yr
8 years  (4 salaries)

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₹5.6 L/yr - ₹10 L/yr
9 years (AmbitionBox Estimate)

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₹6.8 L/yr - ₹8.7 L/yr
View all

Similar Designation salaries in Canara HSBC Life Insurance

Sales Officer Salary
(45 salaries)
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₹2.4 L/yr - ₹4 L/yr
Senior Relationship Officer Salary
(34 salaries)
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₹3.15 L/yr - ₹5.5 L/yr
Sales Manager Salary
(8 salaries)
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₹3.6 L/yr - ₹6.6 L/yr
Senior Sales Officer Salary
(8 salaries)
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₹3.2 L/yr - ₹4.25 L/yr
Executive Relationship Manager Salary
(7 salaries)
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₹4 L/yr - ₹6 L/yr
Cluster Business Head Salary
(6 salaries)
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₹5.8 L/yr - ₹8.5 L/yr
Senior Relationship Manager Salary
(6 salaries)
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₹3.45 L/yr - ₹4.45 L/yr
Relationship Manager Salary
(6 salaries)
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₹2.65 L/yr - ₹5.91 L/yr
Area Sales Manager Salary
(4 salaries)
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₹9 L/yr - ₹10.4 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

2.2

Rated by 4 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.

read more
  • Skill development - Good
    • +2 more

Dislikes

Salary is average as per the company's standards.

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.

read more
  • 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.

read more
  • Salary - Excellent
    • +1 more

Dislikes

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

read more
  • 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

read more
  • 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.

read more
  • Salary - Poor
    • +5 more
see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
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works at
Georgia-Pacific
New offer. Confused.
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 Business Manager Salary FAQs

What is the salary of Cluster Business Manager at Canara HSBC Life Insurance in Bangalore / Bengaluru?
The average salary of a Cluster Business Manager at Canara HSBC Life Insurance in Bangalore / Bengaluru typically ranges from ₹5.3 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 5 years to 15 years).

The top 10% of Cluster Business Manager in Bangalore / Bengaluru at Canara HSBC Life Insurance earn more than ₹7.7 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Cluster Business 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 10+ Canara HSBC Life Insurance employees in India.
What is the estimated take home salary of a Cluster Business Manager at Canara HSBC Life Insurance in Bangalore / Bengaluru?
The estimated take-home salary of a Cluster Business Manager at Canara HSBC Life Insurance in Bangalore / Bengaluru typically ranges from ₹57,723 to ₹59,175 per month. This is based on the average salary range of ₹5.3 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 5 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 10+ 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 Cluster Business Manager at Canara HSBC Life Insurance in Bangalore / Bengaluru?
To be a Cluster Business Manager at Canara HSBC Life Insurance in Bangalore / Bengaluru, the key skills required include:

  • - Team Handling
  • - Target Achievement
  • - Life Insurance
  • - Team Motivation
  • - Relationship 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 Cluster Business Manager in India?
Sammaan Capital Limited ₹34.9 Lakhs to ₹36.0 Lakhs per year
Mahindra & Mahindra ₹17.1 Lakhs to ₹22.0 Lakhs per year
Ayu Health Hospitals ₹12.4 Lakhs to ₹20.2 Lakhs per year
Rebel Foods ₹8.5 Lakhs to ₹9.0 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.
What is the salary of a Cluster Business Manager in companies similar to Canara HSBC Life Insurance in Bangalore / Bengaluru?
The salary of a Cluster Business Manager at companies similar to Canara HSBC Life Insurance in Bangalore / Bengaluru varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Spykke Innovations ₹5.0 Lakhs to ₹8.5 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 Cluster Business Manager at Canara HSBC Life Insurance in Bangalore / Bengaluru?
The salary growth for a Cluster Business Manager at Canara HSBC Life Insurance in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Cluster Business Manager in Bangalore / Bengaluru can expect the following growth trajectory at Canara HSBC Life Insurance:

Experience Average Salary Range
5 years ₹5.3 Lakhs to ₹12.6 Lakhs per year
6 years ₹5.3 Lakhs to ₹7.8 Lakhs per year
7 years ₹6.6 Lakhs to ₹8.4 Lakhs per year
8 years ₹5.6 Lakhs to ₹10.0 Lakhs per year
and so on.

Tell us how to improve this page.

Canara HSBC Life Insurance Cluster Business Manager salary in Bangalore / Bengaluru ranges between ₹5.3 Lakhs to ₹10 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 19 Canara HSBC Life Insurance latest salaries received from various employees of Canara HSBC Life Insurance.