Canara HSBC Life Insurance SM Salaries by 4 Employees (Updated 2025)

4 - 11 years exp.

₹3.8 Lakhs - ₹5.8 Lakhs

Low Confidence

Salary of majority employees

38% less than the average SM Salary in Insurance Companies for 4 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading SM Salary 4 - 11 years exp. (3 salaries)	₹5.5 L/yr - ₹5.8 L/yr
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Sales & Business Development SM Salary 7 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.2 L/yr

Last Updated: 15 Mar 2025

Companies similar to Canara HSBC Life Insurance for SM

Company name	Avg Annual Salary	Open Jobs
HDFC Life SM Salary 1 - 17 years exp. (10 salaries)	₹3.8 L/yr - ₹5.3 L/yr 15% less
ICICI Prudential Life Insurance SM Salary 2 - 4 years exp. (3 salaries)	₹6.5 L/yr - ₹7.1 L/yr 37% more
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Axis Max Life Insurance SM Salary 1 - 10 years exp. (15 salaries)	₹3.1 L/yr - ₹5.5 L/yr 16% less
Bajaj Allianz Life Insurance SM Salary 0 - 6 years exp. (11 salaries)	₹2 L/yr - ₹3.5 L/yr 45% less
Kotak Mahindara Life Insurance SM Salary 2 - 6 years exp. (13 salaries)	₹3.3 L/yr - ₹4.5 L/yr 24% less
PNB MetLife SM Salary 3 - 6 years exp. (5 salaries)	₹2.3 L/yr - ₹4.2 L/yr 38% less
Reliance Nippon Life Insurance SM Salary 1 - 9 years exp. (4 salaries)	₹2.3 L/yr - ₹2.5 L/yr 54% less
Aditya Birla Health Insurance Co SM Salary 3 - 9 years exp. (9 salaries)	₹3 L/yr - ₹4.5 L/yr 30% less
ICICI Lombard General Insurance Company SM Salary 2 - 9 years exp. (7 salaries)	₹5.1 L/yr - ₹7.1 L/yr 27% more
Reliance General Insurance SM Salary 6 - 12 years exp. (6 salaries)	₹4.4 L/yr - ₹5.6 L/yr 12% less
Shriram Life Insurance SM Salary 3 - 7 years exp. (3 salaries)	₹2.3 L/yr - ₹3.2 L/yr 48% less
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SM salary at Canara HSBC Life Insurance ranges between ₹3.8 Lakhs to ₹5.8 Lakhs per year for employees with experience between 4 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Canara HSBC Life Insurance.

Experience wise Canara HSBC Life Insurance SM salaries

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
6 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
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7 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
11 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr

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Salary related reviews for Canara HSBC Life Insurance

2.0

Rated by 1 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

Operations Analyst in Gurgaon / Gurugram

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 14 May 2024

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Poor hiring process of senior HR Jaideep Singh and his team Given the interview, I submitted my documents, but at the time of package discussion, HR never called back for package rectification because their company is not relevant to giving packages to the new joiners, but they want them to work on fewer packages and be available for work every day of the week, 24/7.

Salary - Bad

+6 more

Senior Associate in Belgaum

Full Time

Finance & Accounting Department

4.0

• posted on 25 Jul 2023

4.0

for Salary and Benefits

Likes

Flexible time, salary on time good bank support to generate business

Salary - Good

+3 more

Dislikes

Sales Training is not upto the mark ..service problems are big challenges.. there is no such correct path get resolving any it or service issues

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.

see more salary related reviews

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Canara HSBC Life Insurance SM Salary FAQs

What is the salary of SM at Canara HSBC Life Insurance?

SM salary at Canara HSBC Life Insurance in India ranges between ₹3.8 Lakhs to ₹5.8 Lakhs for experience between 4 years to 11 years. According to our estimates it is 38% less than the average SM Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Canara HSBC Life Insurance India.

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

The average salary of a SM at Canara HSBC Life Insurance is 38% less than the average salary of a SM in India. To know exact salary insights, login to view.

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

ICICI Prudential Life Insurance SM Salary - ₹6.5 Lakhs to ₹7.1 Lakhs per year
ICICI Lombard General Insurance Company SM Salary - ₹5.1 Lakhs to ₹7.1 Lakhs per year

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

Reliance General Insurance SM Salary - ₹4.4 Lakhs to ₹5.6 Lakhs per year
HDFC Life SM Salary - ₹3.8 Lakhs to ₹5.3 Lakhs per year
Axis Max Life Insurance SM Salary - ₹3.1 Lakhs to ₹5.5 Lakhs per year
Kotak Mahindara Life Insurance SM Salary - ₹3.3 Lakhs to ₹4.5 Lakhs per year
Aditya Birla Health Insurance Co SM Salary - ₹3.0 Lakhs to ₹4.5 Lakhs per year

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

The estimated take-home salary of a SM at Canara HSBC Life Insurance ranges between ₹38,869 per month to ₹40,051 per month in India. The take-home salary calculation is based on the average Canara HSBC Life Insurance SM salary in India which ranges between ₹3.8 Lakhs to ₹5.8 Lakhs per year for employees with experience between 4 years to 11 years. Check how did we calculate take home salary?

What is the notice period for SM at Canara HSBC Life Insurance?

According to AmbitionBox, 75% of the Canara HSBC Life Insurance SMs reported a notice period of 1 Month, 25% reported a notice period of 15 days or less.This is based on 4 responses on AmbitionBox in last 2 years.

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Canara HSBC Life Insurance SM Salaries

Canara HSBC Life Insurance SM salary in India ranges between ₹3.8 Lakhs to ₹5.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Canara HSBC Life Insurance latest salaries received from various employees of Canara HSBC Life Insurance.