Canara HSBC Life Insurance Madurai Cluster Business Manager Salaries by 6 Employees (Updated 2025)

6 - 14 years exp.

₹5.5 Lakhs - ₹8 Lakhs

Salary of majority employees

15% less than the average Cluster Business Manager Salary in Insurance Companies for 6 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Business Manager Salary 6 - 13 years exp. (4 salaries)	₹5.5 L/yr - ₹8 L/yr
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Sales & Business Development Cluster Business Manager Salary 13 - 14 years exp. (AmbitionBox Estimate)	₹6.1 L/yr - ₹9.2 L/yr

Last Updated: 17 May 2023

Companies similar to Canara HSBC Life Insurance for Cluster Business Manager in Madurai

Canara HSBC Life Insurance Cluster Business Manager Salary

6 - 14 years exp. (6 salaries)

₹5.5 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
SMFG India Credit Cluster Business Manager Salary 11 - 13 years exp. (4 salaries)	₹6 L/yr - ₹9.5 L/yr 9% more
Login to view exact salary
VARAD FINANCIAL SERVICES Cluster Business Manager Salary 14 - 16 years exp. (3 salaries)	₹11 L/yr - ₹13.7 L/yr 53% more

Cluster Business Manager salary at Canara HSBC Life Insurance ranges between ₹5.5 Lakhs to ₹8 Lakhs per year for employees with experience between 6 years to 14 years. Salary estimates are based on 6 latest salaries received from various employees of Canara HSBC Life Insurance.

Experience wise Canara HSBC Life Insurance Cluster Business Manager salaries in Madurai

Last Updated: 17 May 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹8 L/yr
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹8 L/yr
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8 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
9 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.9 L/yr
10 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
11 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.3 L/yr
12 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.5 L/yr
13 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹15.1 L/yr
14 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹15.5 L/yr

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Similar Designation salaries in Canara HSBC Life Insurance

Cluster Business Head Salary

(9 salaries)

₹6.5 L/yr - ₹9.45 L/yr

Senior Relationship Officer Salary

(5 salaries)

₹3.5 L/yr - ₹4.45 L/yr

Senior Sales Officer Salary

(4 salaries)

₹3.1 L/yr - ₹3.8 L/yr

Senior Relationship Manager Salary

(4 salaries)

₹3.1 L/yr - ₹4.2 L/yr

Area Sales Manager Salary

(3 salaries)

₹8.3 L/yr - ₹9.8 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

4.0

Rated by 1 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

see more salary related reviews

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Salary Discussions, Hike & Promotions

Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

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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 Madurai?

Cluster Business Manager salary at Canara HSBC Life Insurance in Madurai ranges between ₹5.5 Lakhs to ₹8.0 Lakhs for experience between 6 years to 14 years. According to our estimates it is 15% less than the average Cluster Business Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Canara HSBC Life Insurance Madurai.

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

The average salary of a Cluster Business Manager at Canara HSBC Life Insurance is 15% less than the average salary of a Cluster Business Manager in Madurai. 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 Madurai.

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

VARAD FINANCIAL SERVICES Cluster Business Manager Salary - ₹11.0 Lakhs to ₹13.7 Lakhs per year
SMFG India Credit Cluster Business Manager Salary - ₹6.0 Lakhs to ₹9.5 Lakhs per year

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

The estimated take-home salary of a Cluster Business Manager at Canara HSBC Life Insurance ranges between ₹58,792 per month to ₹60,275 per month in Madurai. The take-home salary calculation is based on the average Canara HSBC Life Insurance Cluster Business Manager salary in India which ranges between ₹5.5 Lakhs to ₹8.0 Lakhs per year for employees with experience between 6 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Canara HSBC Life Insurance Cluster Business Managers in Madurai reported a notice period of More than 3 months.This is based on 1 response on AmbitionBox in last 2 years.

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Canara HSBC Life Insurance Cluster Business Manager Salaries in Madurai

Canara HSBC Life Insurance Cluster Business Manager salary in Madurai ranges between ₹5.5 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Canara HSBC Life Insurance latest salaries received from various employees of Canara HSBC Life Insurance.