HDFC Ergo General Insurance Bancassurance Manager Salaries by 8 Employees (Updated 2025)

8 - 11 years exp.

₹7.2 Lakhs - ₹9.5 Lakhs

Low Confidence

Salary of majority employees

36% more than the average Bancassurance Manager Salary in Insurance Companies for 8 - 11 years of experience

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Salaries in different departments

Customer Success, Service & Operations Bancassurance Manager Salary 8 - 10 years exp. (4 salaries)	₹7.2 L/yr - ₹9.5 L/yr
BFSI, Investments & Trading Bancassurance Manager Salary 9 - 11 years exp. (3 salaries)	₹7.5 L/yr - ₹9.2 L/yr
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Sales & Business Development Bancassurance Manager Salary 8 years exp. (AmbitionBox Estimate)	₹7.4 L/yr - ₹8.5 L/yr

Last Updated: 2 Jun 2024

Companies similar to HDFC Ergo General Insurance for Bancassurance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Bancassurance Manager Salary 2 - 11 years exp. (7 salaries)	₹4.2 L/yr - ₹6.3 L/yr 33% less
Bajaj Allianz General Insurance Bancassurance Manager Salary 0 - 8 years exp. (6 salaries)	₹3.2 L/yr - ₹5.3 L/yr 49% less
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Reliance General Insurance Bancassurance Manager Salary 1 - 9 years exp. (5 salaries)	₹3 L/yr - ₹8.4 L/yr 31% less
Tata AIG Bancassurance Manager Salary 3 - 9 years exp. (7 salaries)	₹4.1 L/yr - ₹6.4 L/yr 33% less
SBI General Insurance Bancassurance Manager Salary 6 - 11 years exp. (4 salaries)	₹4.1 L/yr - ₹7.3 L/yr 40% less
Future Generali India Life Insurance Bancassurance Manager Salary 11 - 12 years exp. (4 salaries)	₹6.3 L/yr - ₹12.9 L/yr 30% more
HDFC Life Bancassurance Manager Salary 0 - 13 years exp. (1.2k salaries)	₹3 L/yr - ₹7 L/yr 23% less	5 job openings
Tata AIA Life Insurance Bancassurance Manager Salary 3 - 10 years exp. (123 salaries)	₹2.5 L/yr - ₹7.3 L/yr 25% less	1 job opening
ICICI Prudential Life Insurance Bancassurance Manager Salary 0 - 7 years exp. (28 salaries)	₹2.7 L/yr - ₹5.5 L/yr 48% less
Max Life Insurance Bancassurance Manager Salary 2 - 10 years exp. (28 salaries)	₹2.7 L/yr - ₹7 L/yr 41% less
Kotak Mahindara Life Insurance Bancassurance Manager Salary 1 - 8 years exp. (16 salaries)	₹3.8 L/yr - ₹5.5 L/yr 43% less	5 job openings
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PNB MetLife Bancassurance Manager Salary 1 - 7 years exp. (15 salaries)	₹2.3 L/yr - ₹5 L/yr 50% less
Bajaj Allianz Life Insurance Bancassurance Manager Salary 2 - 9 years exp. (11 salaries)	₹2.7 L/yr - ₹3.8 L/yr 50% less
Aditya Birla Sun Life Insurance Bancassurance Manager Salary 0 - 9 years exp. (7 salaries)	₹2.5 L/yr - ₹4.3 L/yr 45% less
SBI Life Insurance Company Bancassurance Manager Salary 3 - 9 years exp. (9 salaries)	₹3 L/yr - ₹5.5 L/yr 36% less
Star Health & Allied Insurance Bancassurance Manager Salary 0 - 6 years exp. (7 salaries)	₹2.2 L/yr - ₹3.5 L/yr 60% less
Niva Bupa Health Insurance Company Bancassurance Manager Salary 2 - 14 years exp. (5 salaries)	₹2.4 L/yr - ₹4.3 L/yr 55% less
Care Health Insurance Bancassurance Manager Salary 4 - 6 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 47% less

Bancassurance Manager salary at HDFC Ergo General Insurance ranges between ₹7.2 Lakhs to ₹9.5 Lakhs per year for employees with experience between 8 years to 11 years. Salary estimates are based on 8 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance Bancassurance Manager salaries

Last Updated: 2 Jun 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹9.5 L/yr
9 years (3 salaries)	₹7.2 L/yr - ₹9.2 L/yr
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10 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.5 L/yr
11 years (AmbitionBox Estimate)	₹3 L/yr - ₹9.2 L/yr

Similar Designation salaries in HDFC Ergo General Insurance

Business Sales Manager Salary

(4 salaries)

₹4.5 L/yr - ₹11 L/yr

Cluster Manager Salary

(21 salaries)

₹4.1 L/yr - ₹13.5 L/yr

Sales Manager Salary

(284 salaries)

₹2.2 L/yr - ₹7.7 L/yr

Area Manager Salary

(40 salaries)

₹6 L/yr - ₹12.5 L/yr

Associate Sales Manager Salary

(5 salaries)

₹2.95 L/yr - ₹6.35 L/yr

Deputy Sales Manager Salary

(8 salaries)

₹4.2 L/yr - ₹6 L/yr

Relationship Manager Salary

(96 salaries)

₹1.85 L/yr - ₹6 L/yr

Deputy Manager Salary

(853 salaries)

₹3 L/yr - ₹10.25 L/yr

Assistant Sales Manager Salary

(24 salaries)

₹2.6 L/yr - ₹5.25 L/yr

Corporate Agency Manager Salary

(3 salaries)

₹2.6 L/yr - ₹4.2 L/yr

Salary related reviews for HDFC Ergo General Insurance

3.4

Rated by 3 employees for salary & benefits

Deputy Manager in Surat

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 26 Nov 2024

3.0

for Salary and Benefits

Likes

Employee can manage his/her work life balance at this organization.

Job security - Excellent

+2 more

Dislikes

...the cost cutting which effects Employee's conveyance, variable, appraisals etc.. This means Ergo has to improve the adequate pay scale as per Employee's skills and performance.

Skill development - Poor

+1 more

Relationship Manager in Patna

Bancainsurance Department

2.0

• posted on 28 Jun 2018

2.0

for Salary and Benefits

Likes

I don't like anything about working in Apollo Munich, except few people.

Dislikes

There id nothing to like, There is no transparency in salary cut And they won't give Allowances if you will not Achieve your target. There is no management support. Full stressful life, Senior don't know how to work. They will simply put pressure on you.

Salary - Poor

+6 more

Business Development Manager

BFSI, Investments & Trading Department

5.0

• posted on 24 Mar 2018

5.0

for Salary and Benefits

Likes

...stry.traning r going time to time .career growth is so good but u have to work .hand some salary package,I live working with Apollo Munich. If I get 1 more chance to work I will work in the same industry.

Salary - Excellent

+6 more

Dislikes

Careless people can't work not in Apollo not any were lese.

Senior Manager Information Technology in Mumbai

Full Time

IT & Information Security Department

5.0

• posted on 25 Dec 2024

5.0

for Salary and Benefits

Likes

...appy to be part of HDFC Ergo where I can upskill myself along with he work life. Company encourage us to take time off for personal life Management is good Salary and work environment is also good Multiple events helps to avoid boring work life

Salary - Excellent

+6 more

Dislikes

Nothing so far... See if they can help to improve the appraisal thing 😜 Because whatever good we get as an employee but good increament will always have higher stake in that happiness and shows worthiness to the efforts

Operations Manager in Noida

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 10 Dec 2024

3.0

for Salary and Benefits

Likes

Salaries are on time

Dislikes

They need low package employees No scope of growth They don't know how to utilise the employees skills and what ever the skills you have learnt in past every thing will vanished due to non utilisation. If you have good reference you will get good post and salaries The new CEO is very poor in cost optimization Very soon this hdfc ergo will be in loss. There compititior will grow by taking some advantages. There policies are not employee and customer friendly

Skill development - Bad

+4 more

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2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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HDFC Ergo General Insurance Bancassurance Manager Salary FAQs

What is the salary of Bancassurance Manager at HDFC Ergo General Insurance?

Bancassurance Manager salary at HDFC Ergo General Insurance in India ranges between ₹7.2 Lakhs to ₹9.5 Lakhs for experience between 8 years to 11 years. According to our estimates it is 36% more than the average Bancassurance Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of HDFC Ergo General Insurance India.

How does the salary of a Bancassurance Manager at HDFC Ergo General Insurance India compare with the average salary range for this job?

The average salary of a Bancassurance Manager at HDFC Ergo General Insurance is 36% more than the average salary of a Bancassurance Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Ergo General Insurance to a Bancassurance Manager in India?

Future Generali India Life Insurance Bancassurance Manager Salary - ₹6.3 Lakhs to ₹12.9 Lakhs per year

What is the salary of a Bancassurance Manager in companies similar to HDFC Ergo General Insurance in India?

HDFC Life Bancassurance Manager Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year
Tata AIA Life Insurance Bancassurance Manager Salary - ₹2.5 Lakhs to ₹7.3 Lakhs per year
Reliance General Insurance Bancassurance Manager Salary - ₹3.0 Lakhs to ₹8.4 Lakhs per year
Tata AIG Bancassurance Manager Salary - ₹4.1 Lakhs to ₹6.4 Lakhs per year
ICICI Lombard General Insurance Company Bancassurance Manager Salary - ₹4.2 Lakhs to ₹6.3 Lakhs per year

What is the estimated take home salary of a Bancassurance Manager at HDFC Ergo General Insurance in India?

The estimated take-home salary of a Bancassurance Manager at HDFC Ergo General Insurance ranges between ₹54,921 per month to ₹56,294 per month in India. The take-home salary calculation is based on the average HDFC Ergo General Insurance Bancassurance Manager salary in India which ranges between ₹7.2 Lakhs to ₹9.5 Lakhs per year for employees with experience between 8 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Bancassurance Manager at HDFC Ergo General Insurance?

According to AmbitionBox, 67% of the HDFC Ergo General Insurance Bancassurance Managers reported a notice period of 3 Months, 22% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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HDFC Ergo General Insurance Bancassurance Manager Salaries

HDFC Ergo General Insurance Bancassurance Manager salary in India ranges between ₹7.2 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.

HDFC Ergo General Insurance Bancassurance Manager salaries in India

Companies similar to HDFC Ergo General Insurance for Bancassurance Manager

Latest annual salaries shared by HDFC Ergo General Insurance Bancassurance Manager

Experience wise HDFC Ergo General Insurance Bancassurance Manager salaries

Similar Designation salaries in HDFC Ergo General Insurance

Salary related reviews for HDFC Ergo General Insurance

Deputy Manager in Surat

Relationship Manager in Patna

Business Development Manager

Senior Manager Information Technology in Mumbai

Operations Manager in Noida

HDFC Ergo General Insurance Bancassurance Manager Salary FAQs

Tell us how to improve this page.

HDFC Ergo General Insurance Bancassurance Manager Salaries by Location