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HDFC Life

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HDFC Life Bancassurance Manager salaries in Mumbai

Annual salary range
0 - 12 years exp.
₹3.3 Lakhs - ₹7 Lakhs
Salary of majority employees
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At par with the average Bancassurance Manager Salary in Insurance Companies for 0 - 12 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

BFSI, Investments & Trading
Bancassurance Manager Salary
0 - 11 years exp. (68 salaries)
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₹3.3 L/yr - ₹7 L/yr

Sales & Business Development
Bancassurance Manager Salary
0 - 12 years exp. (37 salaries)
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₹4.5 L/yr - ₹7 L/yr

Marketing & Communication
Bancassurance Manager Salary
3 - 6 years exp. (9 salaries)
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₹5.3 L/yr - ₹6.5 L/yr

Finance & Accounting
Bancassurance Manager Salary
3 - 10 years exp. (7 salaries)
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₹4.5 L/yr - ₹6.5 L/yr

Customer Success, Service & Operations
Bancassurance Manager Salary
2 - 5 years exp. (4 salaries)
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₹5.3 L/yr - ₹7 L/yr

Last Updated: 19 Feb 2025

Companies similar to HDFC Life for Bancassurance Manager in Mumbai

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HDFC Life Bancassurance Manager Salary

0 - 12 years exp. (141 salaries)

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₹3.3 L/yr - ₹7 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹3.5 L/yr - ₹6.7 L/yr

arrow icon 5% less
1 job opening
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₹7.6 L/yr - ₹9.5 L/yr

arrow icon 33% more
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₹4.5 L/yr - ₹6.5 L/yr

arrow icon 5% more
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Yes Bank Bancassurance Manager Salary

3 - 5 years exp. (3 salaries)

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₹5.5 L/yr - ₹6 L/yr

arrow icon 1% less
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₹7.2 L/yr - ₹8.4 L/yr

arrow icon 36% more
Bancassurance Manager salary at HDFC Life ranges between ₹3.3 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 141 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Bancassurance Manager in Mumbai

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Experience wise HDFC Life Bancassurance Manager salaries in Mumbai

Last Updated: 19 Feb 2025

Experience Avg Annual Salary
Fresher  (6 salaries)

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₹5.1 L/yr - ₹6 L/yr
1 year (AmbitionBox Estimate)

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₹5.1 L/yr - ₹6.5 L/yr
2 years  (5 salaries)

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₹5.5 L/yr - ₹6 L/yr
3 years  (15 salaries)

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₹3.3 L/yr - ₹6.8 L/yr
4 years  (23 salaries)

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₹4.5 L/yr - ₹7 L/yr
View all

Similar Designation salaries in HDFC Life

Deputy Manager Salary
(475 salaries)
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₹3.5 L/yr - ₹14.4 L/yr
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₹2 L/yr - ₹4.5 L/yr
Sales Manager Salary
(90 salaries)
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₹2.2 L/yr - ₹7.5 L/yr
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₹3.2 L/yr - ₹6 L/yr
Cluster Manager Salary
(26 salaries)
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₹6 L/yr - ₹11.46 L/yr

Top skills at HDFC Life for Bancassurance Manager

Life Insurance Insurance Sales banca sales Sales Relationship Management banca Bfsi Sales Insurance Bancassurance Life Insurance Cross Selling Communication Skills Salesforce Business Development Insurance Sales

Salary related reviews for HDFC Life

3.7

Rated by 17 employees for salary & benefits

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.

read more
  • Skill development - Excellent
  • +5 more

Dislikes

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

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

read more
  • Salary - Good
  • +6 more

Dislikes

Lack of co ordination between others channels

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.

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  • 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.

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 09 Feb 2025

4.0
 for  Salary and Benefits

Likes

Salary credited process is very good Working culture is Average good

  • Salary - Good
  • +1 more

Dislikes

HR is very irresponsible or no one Hr's not responding any reply by call or emails, they ignoring all employees calls, messages and emails...

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  • Job security - Poor
  • +1 more

Full Time

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BFSI, Investments & Trading Department

1.0
  •  posted on 27 Jan 2025

1.0
 for  Salary and Benefits

Likes

There is nothing to like about this company

Dislikes

HDFC Life primarily exploits its employees by imposing excessive work pressure and making unnecessary salary deductions. They promise promotions twice a year, but these commitments are often ignored due to office politics. There is a notable lack of job security, and the company does not provide any training during the induction process. Employees are expected to perform tasks without proper guidance. The company culture is poor; it relies solely on its brand name while subjecting employees to undue stress. There is a lack of transparency regarding targets and achievements, leading to significant mental pressure. As a result, the work-life balance is severely affected, and most employees do not feel valued in this environment.

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  • Salary - Bad
  • +6 more
see more salary related reviews

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HDFC Life Bancassurance Manager Salary FAQs

What is the salary of Bancassurance Manager at HDFC Life Mumbai?
Bancassurance Manager salary at HDFC Life in Mumbai ranges between ₹3.3 Lakhs to ₹7.0 Lakhs for less than 1 year of experience to 12 years. According to our estimates it is 1% more than the average Bancassurance Manager Salary in India. Salary estimates are based on 141 latest salaries received from various employees of HDFC Life Mumbai.
How does the salary of a Bancassurance Manager at HDFC Life Mumbai compare with the average salary range for this job?
The average salary of a Bancassurance Manager at HDFC Life is 1% more than the average salary of a Bancassurance Manager in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Bancassurance Manager at HDFC Life?
Life Insurance, Insurance Sales, banca sales, Sales and Relationship Management are some of the popular skills required to work as a Bancassurance Manager at HDFC Life Mumbai.
Which similar companies are paying more than HDFC Life to a Bancassurance Manager in Mumbai?
  • Reliance General Insurance Bancassurance Manager Salary - ₹7.2 Lakhs to ₹8.4 Lakhs per year
  • HDFC Ergo General Insurance Bancassurance Manager Salary - ₹7.6 Lakhs to ₹9.5 Lakhs per year
  • Magma HDI General Insurance Bancassurance Manager Salary - ₹4.5 Lakhs to ₹6.5 Lakhs per year
What is the salary of a Bancassurance Manager in companies similar to HDFC Life in Mumbai?
  • Yes Bank Bancassurance Manager Salary - ₹5.5 Lakhs to ₹6.0 Lakhs per year
  • Tata AIA Life Insurance Bancassurance Manager Salary - ₹3.5 Lakhs to ₹6.7 Lakhs per year
What is the estimated take home salary of a Bancassurance Manager at HDFC Life in Mumbai?
The estimated take-home salary of a Bancassurance Manager at HDFC Life ranges between ₹43,245 per month to ₹44,362 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Bancassurance Manager salary in India which ranges between ₹3.3 Lakhs to ₹7.0 Lakhs per year for employees with less than 1 year of experience to 12 years. Check how did we calculate take home salary?
What is the notice period for Bancassurance Manager at HDFC Life in Mumbai?
According to AmbitionBox, 78% of the HDFC Life Bancassurance Managers in Mumbai reported a notice period of 1 Month, 9% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 107 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

HDFC Life Bancassurance Manager salary in Mumbai ranges between ₹3.3 Lakhs to ₹7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 141 HDFC Life latest salaries received from various employees of HDFC Life.