HDFC Life Chennai Bancassurance Manager Salaries by 90+ Employees (Updated 2025)

0 - 12 years exp.

₹3.2 Lakhs - ₹6.8 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 2 - 11 years exp. (47 salaries)	₹3.2 L/yr - ₹6.5 L/yr
Sales & Business Development Bancassurance Manager Salary 4 - 12 years exp. (18 salaries)	₹4.4 L/yr - ₹6.8 L/yr
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Customer Success, Service & Operations Bancassurance Manager Salary 0 - 8 years exp. (9 salaries)	₹5.5 L/yr - ₹6.6 L/yr
Marketing & Communication Bancassurance Manager Salary 3 - 10 years exp. (8 salaries)	₹4 L/yr - ₹6.4 L/yr
Finance & Accounting Bancassurance Manager Salary 5 - 9 years exp. (3 salaries)	₹5.5 L/yr - ₹5.8 L/yr

Last Updated: 24 Mar 2025

Companies similar to HDFC Life for Bancassurance Manager in Chennai

HDFC Life Bancassurance Manager Salary

0 - 12 years exp. (94 salaries)

₹3.2 L/yr - ₹6.8 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Bancassurance Manager Salary 3 - 8 years exp. (9 salaries)	₹2.5 L/yr - ₹7.3 L/yr 5% less
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HDFC Bank Bancassurance Manager Salary 4 - 7 years exp. (4 salaries)	₹3.5 L/yr - ₹5.6 L/yr 13% less

Bancassurance Manager salary at HDFC Life ranges between ₹3.2 Lakhs to ₹6.8 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 94 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Bancassurance Manager salaries in Chennai

Last Updated: 24 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
1 year (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
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2 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
3 years (5 salaries)	₹3.6 L/yr - ₹6.1 L/yr
4 years (9 salaries)	₹4.5 L/yr - ₹6.3 L/yr
5 years (16 salaries)	₹4.9 L/yr - ₹6.5 L/yr
6 years (13 salaries)	₹4.8 L/yr - ₹6.6 L/yr
7 years (12 salaries)	₹3.2 L/yr - ₹6.8 L/yr
8 years (15 salaries)	₹4.3 L/yr - ₹6 L/yr
9 years (7 salaries)	₹4.5 L/yr - ₹6 L/yr
10 years (11 salaries)	₹5 L/yr - ₹6.5 L/yr
11 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
12 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr

View all

Similar Designation salaries in HDFC Life

Sales Manager Salary

(61 salaries)

₹2.4 L/yr - ₹7 L/yr

Deputy Manager Salary

(41 salaries)

₹4.5 L/yr - ₹12 L/yr

Relationship Manager Salary

(31 salaries)

₹1.8 L/yr - ₹5 L/yr

Assistant Sales Manager Salary

(30 salaries)

₹3 L/yr - ₹5.5 L/yr

Cluster Manager Salary

(9 salaries)

₹6.75 L/yr - ₹11 L/yr

Top skills at HDFC Life for Bancassurance Manager

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

Salary related reviews for HDFC Life

4.7

Rated by 15 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

Sales Manager in Cuttack

Full Time

CSR & Social Service Department

4.0

• posted on 23 Mar 2025

2.0

for Salary and Benefits

Likes

The company has lots of data, They r learning you in first stage and after that they r find a way to indicate you wrongly.

Job security - Good

Dislikes

Less salary, no support from trainer, biggest layers, no leaves, no support from L1 and above, no motivation only needed business, so if u r afresher think twice before joining.

Salary - Poor

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.

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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HDFC Life Bancassurance Manager Salary FAQs

What is the salary of Bancassurance Manager at HDFC Life in Chennai?

The average salary of a Bancassurance Manager at HDFC Life in Chennai typically ranges from ₹3.2 Lakhs to ₹6.8 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Bancassurance Manager in Chennai at HDFC Life earn more than ₹6.3 Lakhs per year, and the top 1% earn over ₹6.7 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 90+ HDFC Life employees in India.

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

The estimated take-home salary of a Bancassurance Manager at HDFC Life in Chennai typically ranges from ₹42,831 to ₹43,954 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹6.8 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 90+ 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 in Chennai?

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

- Life Insurance
- Insurance Sales
- banca sales
- Sales
- Bfsi Sales

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

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

The salary of a Bancassurance Manager at companies similar to HDFC Life in Chennai 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
HDFC Bank	₹3.5 Lakhs to ₹5.6 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 Chennai?

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

Experience	Average Salary Range
Fresher	₹5.0 Lakhs to ₹6.4 Lakhs per year
1 year	₹5.1 Lakhs to ₹6.5 Lakhs per year
2 years	₹5.1 Lakhs to ₹6.5 Lakhs per year
3 years	₹3.6 Lakhs to ₹6.1 Lakhs per year

and so on.

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HDFC Life Bancassurance Manager Salaries in Chennai

HDFC Life Bancassurance Manager salary in Chennai ranges between ₹3.2 Lakhs to ₹6.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 94 HDFC Life latest salaries received from various employees of HDFC Life.

HDFC Life Bancassurance Manager salaries in Chennai (Updated 2025)

Companies similar to HDFC Life for Bancassurance Manager in Chennai

Latest annual salaries shared by HDFC Life Bancassurance Manager in Chennai

Experience wise HDFC Life Bancassurance Manager salaries in Chennai

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

Sales Manager in Cuttack

Corporate Agency Manager in Karnal

Senior Corporate Agency Manager in Tirunelveli

HDFC Life Bancassurance Manager Salary FAQs

Tell us how to improve this page.