HDFC Ergo General Insurance Cluster Manager Banca Salaries by 5 Employees (Updated 2025)

3 - 8 years exp.

₹4.6 Lakhs - ₹4.9 Lakhs

Low Confidence

Salary of majority employees

32% less than the average Cluster Manager Banca Salary in Insurance Companies for 3 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Banca Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.3 L/yr
Sales & Business Development Cluster Manager Banca Salary 6 - 8 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹4.9 L/yr
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Finance & Accounting Cluster Manager Banca Salary 5 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.3 L/yr

Last Updated: 5 Nov 2024

Companies similar to HDFC Ergo General Insurance for Cluster Manager Banca

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Cluster Manager Banca Salary 2 - 14 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 112% more
Reliance General Insurance Cluster Manager Banca Salary 11 - 17 years exp. (9 salaries)	₹8 L/yr - ₹10.7 L/yr 103% more
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Tata AIG Cluster Manager Banca Salary 7 - 11 years exp. (3 salaries)	₹4.9 L/yr - ₹5.7 L/yr 9% more
SBI General Insurance Cluster Manager Banca Salary 12 - 17 years exp. (4 salaries)	₹7.5 L/yr - ₹10 L/yr 83% more
Future Generali India Life Insurance Cluster Manager Banca Salary 9 - 10 years exp. (3 salaries)	₹4 L/yr - ₹9.8 L/yr 59% more
Care Health Insurance Cluster Manager Banca Salary 2 - 14 years exp. (84 salaries)	₹2.7 L/yr - ₹6.1 L/yr 7% less
HDFC Life Cluster Manager Banca Salary 6 - 16 years exp. (47 salaries)	₹6.5 L/yr - ₹11.5 L/yr 88% more
Aditya Birla Sun Life Insurance Cluster Manager Banca Salary 3 - 12 years exp. (41 salaries)	₹6 L/yr - ₹12.5 L/yr 59% more
Star Health & Allied Insurance Cluster Manager Banca Salary 4 - 13 years exp. (20 salaries)	₹4.3 L/yr - ₹9.8 L/yr 34% more
Max Life Insurance Cluster Manager Banca Salary 7 - 17 years exp. (13 salaries)	₹9 L/yr - ₹12.3 L/yr 125% more
Bajaj Allianz Life Insurance Cluster Manager Banca Salary 7 - 13 years exp. (9 salaries)	₹6 L/yr - ₹10 L/yr 59% more
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Niva Bupa Health Insurance Company Cluster Manager Banca Salary 4 - 20 years exp. (9 salaries)	₹6 L/yr - ₹7.8 L/yr 46% more
Kotak Mahindara Life Insurance Cluster Manager Banca Salary 8 - 17 years exp. (7 salaries)	₹5.5 L/yr - ₹13 L/yr 86% more
Reliance Nippon Life Insurance Cluster Manager Banca Salary 9 - 11 years exp. (5 salaries)	₹4.4 L/yr - ₹6 L/yr 8% more
Tata AIA Life Insurance Cluster Manager Banca Salary 8 - 13 years exp. (5 salaries)	₹7 L/yr - ₹10 L/yr 83% more
ICICI Prudential Life Insurance Cluster Manager Banca Salary 2 - 15 years exp. (4 salaries)	₹6.5 L/yr - ₹18 L/yr 115% more
PNB MetLife Cluster Manager Banca Salary 6 - 9 years exp. (3 salaries)	₹4 L/yr - ₹5.8 L/yr 10% more

Cluster Manager Banca salary at HDFC Ergo General Insurance ranges between ₹4.6 Lakhs to ₹4.9 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 5 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance Cluster Manager Banca salaries

Last Updated: 5 Nov 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹4.8 L/yr
4 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹4.8 L/yr
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5 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹4.8 L/yr
6 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹8.6 L/yr
7 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
8 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹4.8 L/yr

View all

Similar Designation salaries in HDFC Ergo General Insurance

Cluster Manager Salary

(21 salaries)

₹4.1 L/yr - ₹13.5 L/yr

Area Manager Salary

(40 salaries)

₹6 L/yr - ₹12.5 L/yr

Deputy Manager Salary

(844 salaries)

₹3.05 L/yr - ₹10.25 L/yr

Sales Manager Salary

(283 salaries)

₹2.2 L/yr - ₹7.7 L/yr

Relationship Manager Salary

(96 salaries)

₹1.85 L/yr - ₹6 L/yr

Business Sales Manager Salary

(4 salaries)

₹4.5 L/yr - ₹11 L/yr

Assistant Sales Manager Salary

(24 salaries)

₹2.6 L/yr - ₹5.25 L/yr

Bancassurance Manager Salary

(8 salaries)

₹7.15 L/yr - ₹9.5 L/yr

Associate Sales Manager Salary

(5 salaries)

₹2.95 L/yr - ₹6.35 L/yr

Executive Trainee Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Salary related reviews for HDFC Ergo General Insurance

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 Cluster Manager Banca Salary FAQs

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

Cluster Manager Banca salary at HDFC Ergo General Insurance in India ranges between ₹4.6 Lakhs to ₹4.9 Lakhs for experience between 3 years to 8 years. According to our estimates it is 32% less than the average Cluster Manager Banca Salary in India. Salary estimates are based on 5 latest salaries received from various employees of HDFC Ergo General Insurance India.

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

The average salary of a Cluster Manager Banca at HDFC Ergo General Insurance is 32% less than the average salary of a Cluster Manager Banca in India. To know exact salary insights, login to view.

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

Max Life Insurance Cluster Manager Banca Salary - ₹9.0 Lakhs to ₹12.3 Lakhs per year
ICICI Prudential Life Insurance Cluster Manager Banca Salary - ₹6.5 Lakhs to ₹18.0 Lakhs per year
ICICI Lombard General Insurance Company Cluster Manager Banca Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year
Reliance General Insurance Cluster Manager Banca Salary - ₹8.0 Lakhs to ₹10.7 Lakhs per year
HDFC Life Cluster Manager Banca Salary - ₹6.5 Lakhs to ₹11.5 Lakhs per year

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

Kotak Mahindara Life Insurance Cluster Manager Banca Salary - ₹5.5 Lakhs to ₹13.0 Lakhs per year
SBI General Insurance Cluster Manager Banca Salary - ₹7.5 Lakhs to ₹10.0 Lakhs per year
Tata AIA Life Insurance Cluster Manager Banca Salary - ₹7.0 Lakhs to ₹10.0 Lakhs per year
Bajaj Allianz Life Insurance Cluster Manager Banca Salary - ₹6.0 Lakhs to ₹10.0 Lakhs per year
Future Generali India Life Insurance Cluster Manager Banca Salary - ₹4.0 Lakhs to ₹9.8 Lakhs per year

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

The estimated take-home salary of a Cluster Manager Banca at HDFC Ergo General Insurance ranges between ₹35,689 per month to ₹36,919 per month in India. The take-home salary calculation is based on the average HDFC Ergo General Insurance Cluster Manager Banca salary in India which ranges between ₹4.6 Lakhs to ₹4.9 Lakhs per year for employees with experience between 3 years to 8 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 60% of the HDFC Ergo General Insurance Cluster Manager Bancas reported a notice period of 2 Months, 40% reported a notice period of 3 Months.This is based on 5 responses on AmbitionBox in last 2 years.

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HDFC Ergo General Insurance Cluster Manager Banca Salaries

HDFC Ergo General Insurance Cluster Manager Banca salary in India ranges between ₹4.6 Lakhs to ₹4.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.