HDFC Life Bancassurance Manager Salaries by 1200+ Employees (Updated 2025)

0 - 12 years exp.

₹3 Lakhs - ₹7 Lakhs

Salary of majority employees

At par with the average Bancassurance Manager Salary in Insurance Companies for 0 - 12 years of experience

Interested in this particular role? 4 job openings

Salaries in different departments

BFSI, Investments & Trading Bancassurance Manager Salary 0 - 12 years exp. (524 salaries)	₹3.2 L/yr - ₹7 L/yr
Sales & Business Development Bancassurance Manager Salary 0 - 12 years exp. (289 salaries)	₹3 L/yr - ₹7 L/yr
Login to view exact salary
Customer Success, Service & Operations Bancassurance Manager Salary 0 - 11 years exp. (76 salaries)	₹3.6 L/yr - ₹7 L/yr
Marketing & Communication Bancassurance Manager Salary 1 - 11 years exp. (55 salaries)	₹3.7 L/yr - ₹7 L/yr
Finance & Accounting Bancassurance Manager Salary 0 - 10 years exp. (50 salaries)	₹3.5 L/yr - ₹7 L/yr

View all

Last Updated: 20 Mar 2025

Companies similar to HDFC Life for Bancassurance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Bancassurance Manager Salary 0 - 10 years exp. (27 salaries)	₹2.7 L/yr - ₹6.5 L/yr 32% less
SBI Life Insurance Company Bancassurance Manager Salary 3 - 9 years exp. (9 salaries)	₹3 L/yr - ₹5 L/yr 16% less
Login to view exact salary
Axis Max Life Insurance Bancassurance Manager Salary 2 - 10 years exp. (32 salaries)	₹2.7 L/yr - ₹7 L/yr 24% less
Bajaj Allianz Life Insurance Bancassurance Manager Salary 2 - 9 years exp. (10 salaries)	₹2.7 L/yr - ₹3.8 L/yr 37% less
Kotak Mahindara Life Insurance Bancassurance Manager Salary 2 - 8 years exp. (14 salaries)	₹3.8 L/yr - ₹5.5 L/yr 25% less	2 job openings
Tata AIA Life Insurance Bancassurance Manager Salary 3 - 10 years exp. (126 salaries)	₹2.5 L/yr - ₹7.3 L/yr 2% less
PNB MetLife Bancassurance Manager Salary 1 - 7 years exp. (15 salaries)	₹2.3 L/yr - ₹5 L/yr 33% less
HDFC Ergo General Insurance Bancassurance Manager Salary 8 - 11 years exp. (8 salaries)	₹7.2 L/yr - ₹9.5 L/yr 30% more
Aditya Birla Sun Life Insurance Bancassurance Manager Salary 0 - 9 years exp. (9 salaries)	₹2.5 L/yr - ₹5 L/yr 27% less
ICICI Lombard General Insurance Company Bancassurance Manager Salary 2 - 11 years exp. (7 salaries)	₹4.2 L/yr - ₹6.3 L/yr 13% less
Kotak Mahindra General Insurance Bancassurance Manager Salary 6 - 8 years exp. (5 salaries)	₹3 L/yr - ₹8.5 L/yr 9% less
Login to view exact salary
SBI General Insurance Bancassurance Manager Salary 6 - 11 years exp. (4 salaries)	₹4.1 L/yr - ₹7.3 L/yr 21% less
Star Health & Allied Insurance Bancassurance Manager Salary 0 - 6 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 44% less

Bancassurance Manager salary at HDFC Life ranges between ₹3 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 1.2k latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Bancassurance Manager salaries

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
Fresher (15 salaries)	₹4.8 L/yr - ₹6 L/yr
1 year (22 salaries)	₹4.2 L/yr - ₹6 L/yr
Login to view exact salary
2 years (52 salaries)	₹3.5 L/yr - ₹6.5 L/yr
3 years (98 salaries)	₹3.3 L/yr - ₹6.8 L/yr
4 years (190 salaries)	₹3 L/yr - ₹7 L/yr
5 years (252 salaries)	₹3.6 L/yr - ₹7 L/yr
6 years (215 salaries)	₹3.5 L/yr - ₹7 L/yr
7 years (134 salaries)	₹3.2 L/yr - ₹7 L/yr
8 years (106 salaries)	₹4.1 L/yr - ₹7 L/yr
9 years (64 salaries)	₹4.5 L/yr - ₹7 L/yr
10 years (59 salaries)	₹4.5 L/yr - ₹6.5 L/yr
11 years (18 salaries)	₹4.5 L/yr - ₹6.5 L/yr
12 years (5 salaries)	₹5 L/yr - ₹6.5 L/yr

View all

Similar Designation salaries in HDFC Life

Business Sales Manager Salary

(3 salaries)

₹4.2 L/yr - ₹5.8 L/yr

Financial Sales Manager Salary

(AmbitionBox Estimate)

₹3.9 L/yr - ₹4.9 L/yr

Cluster Manager Salary

(284 salaries)

₹5 L/yr - ₹12 L/yr

Sales Manager Salary

(704 salaries)

₹1.55 L/yr - ₹7.5 L/yr

Area Manager Salary

(31 salaries)

₹7.71 L/yr - ₹19 L/yr

Associate Sales Manager Salary

(12 salaries)

₹3.2 L/yr - ₹4.62 L/yr

Deputy Sales Manager Salary

(3 salaries)

₹3.4 L/yr - ₹10.1 L/yr

Relationship Manager Salary

(554 salaries)

₹1.7 L/yr - ₹5 L/yr

Deputy Manager Salary

(732 salaries)

₹3.5 L/yr - ₹12.14 L/yr

Assistant Sales Manager Salary

(418 salaries)

₹2.5 L/yr - ₹5.6 L/yr

Top skills at HDFC Life for Bancassurance Manager

Life Insurance Insurance Sales banca sales Sales Relationship Management Bfsi Sales Life Insurance banca Bancassurance Insurance Bancassurance Insurance Sales Cross Selling Communication Skills Banking Sales

Salary related reviews for HDFC Life

4.0

Rated by 283 employees for salary & benefits

Bancassurance Manager in Noida

Branch Banking Department

5.0

• posted on 02 May 2022

3.0

for Salary and Benefits

Likes

It's feel great working with a brand company like hdfc life. Yes they don't offer high salary as compared to its competitors company but this company has a very transparent growth opportunities.

Skill development - Excellent

+5 more

Dislikes

Company do not provide travel conveyance and bill reimbursement till fls level

Bancassurance Manager in Hyderabad / Secunderabad

BFSI, Investments & Trading Department

4.0

• posted on 05 Jun 2020

4.0

for Salary and Benefits

Likes

It's an immense pleasure to work here . Handhold support we received from our organization not even single rupee deduction from salary entire salary and incentives paid throughout the lockdown

Salary - Good

+6 more

Dislikes

Lack of co ordination between others channels

Corporate Agency Manager in Karnal

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 13 Mar 2025

3.0

for Salary and Benefits

Likes

Job security is the thing which i can say is good. Working culture is somewhat good.

Skill development - Good

+3 more

Dislikes

Salary hike is not so good like 4 to 5 percent annually only. There is no skill development options, you have to go in the morning and come back at the evening and this happens daily nothing new.

Senior Corporate Agency Manager in Tirunelveli

Full Time

Sales & Business Development Department

4.0

• posted on 28 Feb 2025

3.0

for Salary and Benefits

Likes

In HDFC Life There is time to work life balance. There is no more such pressure about Targets (Depends upon L1 Manager). The brand value is easy to convert among competitors.

Job security - Excellent

+3 more

Dislikes

Salary is very low which is mentioned in payslip. Even HR also didn't know about employees salary. HR department is very week and they didn't care about employees. Very worst department in HDFC LIFE.

Business Development Manager in Bijnor

Full Time

Marketing & Communication Department

5.0

• posted on 10 Feb 2025

1.0

for Salary and Benefits

Likes

Hello team m Rishabh Rastogi from HDFC LIFE Bijnor Branch, there is a lot of pressure here for work and HDFC Life is a very good brand but there are no facilities for the employees in the office.

Work-life balance - Excellent

Dislikes

Here the calculation is less Here the salary is very high as compared to low and the facilities are also very less, the promotions target is very high and there are many parameters.

Salary - Bad

+4 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

an architect

Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

Got a question about HDFC Life?

Ask anonymously on communities.

HDFC Life Bancassurance Manager Salary FAQs

What is the salary of Bancassurance Manager at HDFC Life ?

The average salary of a Bancassurance Manager at HDFC Life in India typically ranges from ₹3.0 Lakhs to ₹7.0 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Bancassurance Manager at HDFC Life earn more than ₹6.2 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Bancassurance Manager Salaries at HDFC Life 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 1200+ HDFC Life employees in India.

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

The estimated take-home salary of a Bancassurance Manager at HDFC Life in India typically ranges from ₹42,827 to ₹43,950 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from Fresher to 12 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 1200+ salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Bancassurance Manager at HDFC Life ?

To be a Bancassurance Manager at HDFC Life in india, the key skills required include:

- Life Insurance
- Insurance Sales
- banca sales
- Sales
- Relationship Management

These skills are highly valued at HDFC Life and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than HDFC Life for Bancassurance Manager in India?

HDFC Ergo General Insurance

₹7.2 Lakhs to ₹9.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HDFC Life, depending on the role and experience level.

What is the salary of a Bancassurance Manager in companies similar to HDFC Life in India?

The salary of a Bancassurance Manager at companies similar to HDFC Life in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata AIA Life Insurance	₹2.5 Lakhs to ₹7.3 Lakhs per year
Kotak Mahindra General Insurance	₹3.0 Lakhs to ₹8.5 Lakhs per year
ICICI Lombard General Insurance Company	₹4.2 Lakhs to ₹6.3 Lakhs per year
SBI Life Insurance Company	₹3.0 Lakhs to ₹5.0 Lakhs per year
SBI General Insurance	₹4.1 Lakhs to ₹7.3 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 Bancassurance Manager at HDFC Life in India?

The salary growth for a Bancassurance Manager at HDFC Life depends on factors such as experience, performance, and promotions. On average, a Bancassurance Manager can expect the following growth trajectory at HDFC Life:

Experience	Average Salary Range
Fresher	₹4.8 Lakhs to ₹6.0 Lakhs per year
1 year	₹4.2 Lakhs to ₹6.0 Lakhs per year
2 years	₹3.5 Lakhs to ₹6.5 Lakhs per year
3 years	₹3.3 Lakhs to ₹6.8 Lakhs per year

and so on.

Tell us how to improve this page.

HDFC Life Bancassurance Manager Salaries by Location

Home >
Salaries >
HDFC Life Salaries >
HDFC Life Bancassurance Manager Salaries

HDFC Life Bancassurance Manager salary in India ranges between ₹3 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 1.2k HDFC Life latest salaries received from various employees of HDFC Life.

HDFC Life Bancassurance Manager salaries in India (Updated 2025)

Companies similar to HDFC Life for Bancassurance Manager

Latest annual salaries shared by HDFC Life Bancassurance Manager

Experience wise HDFC Life Bancassurance Manager salaries

Similar Designation salaries in HDFC Life

Top skills at HDFC Life for Bancassurance Manager

Salary related reviews for HDFC Life

Bancassurance Manager in Noida

Bancassurance Manager in Hyderabad / Secunderabad

Corporate Agency Manager in Karnal

Senior Corporate Agency Manager in Tirunelveli

Business Development Manager in Bijnor

HDFC Life Bancassurance Manager Salary FAQs

Tell us how to improve this page.

HDFC Life Bancassurance Manager Salaries by Location