HDFC Life Mumbai Bancassurance Manager Salaries by 100+ Employees (Updated 2024)

0 - 12 years exp.

₹3.3 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? 3 job openings

Salaries in different departments

BFSI, Investments & Trading Bancassurance Manager Salary 0 - 11 years exp. (65 salaries)	₹3.3 L/yr - ₹7 L/yr
Sales & Business Development Bancassurance Manager Salary 0 - 12 years exp. (37 salaries)	₹4.5 L/yr - ₹7 L/yr
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Marketing & Communication Bancassurance Manager Salary 3 - 9 years exp. (10 salaries)	₹4.9 L/yr - ₹6.5 L/yr
Finance & Accounting Bancassurance Manager Salary 3 - 10 years exp. (7 salaries)	₹4.5 L/yr - ₹6.5 L/yr
Customer Success, Service & Operations Bancassurance Manager Salary 2 - 5 years exp. (3 salaries)	₹5.3 L/yr - ₹5.7 L/yr

Last Updated: 20 Dec 2024

Companies similar to HDFC Life for Bancassurance Manager in Mumbai

HDFC Life Bancassurance Manager Salary

0 - 12 years exp. (138 salaries)

₹3.3 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Bancassurance Manager Salary 0 - 8 years exp. (3 salaries)	₹3.5 L/yr - ₹6.5 L/yr 33% less
Tata AIA Life Insurance Bancassurance Manager Salary 3 - 7 years exp. (10 salaries)	₹3.5 L/yr - ₹5.8 L/yr 12% less
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HDFC Ergo General Insurance Bancassurance Manager Salary 8 - 10 years exp. (3 salaries)	₹8.5 L/yr - ₹9.5 L/yr 61% more
Magma HDI General Insurance Bancassurance Manager Salary 6 - 9 years exp. (4 salaries)	₹4.5 L/yr - ₹6.5 L/yr 6% more
Yes Bank Bancassurance Manager Salary 3 - 5 years exp. (3 salaries)	₹5.5 L/yr - ₹6 L/yr At par

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 138 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Bancassurance Manager salaries in Mumbai

Last Updated: 20 Dec 2024

Experience	Avg Annual Salary
Fresher (5 salaries)	₹5.1 L/yr - ₹6 L/yr
1 year (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
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2 years (4 salaries)	₹5.5 L/yr - ₹5.9 L/yr
3 years (15 salaries)	₹3.3 L/yr - ₹6.8 L/yr
4 years (22 salaries)	₹4.5 L/yr - ₹7 L/yr
5 years (24 salaries)	₹3.9 L/yr - ₹6.7 L/yr
6 years (19 salaries)	₹3.5 L/yr - ₹6.7 L/yr
7 years (17 salaries)	₹3.9 L/yr - ₹6.7 L/yr
8 years (12 salaries)	₹4.1 L/yr - ₹6 L/yr
9 years (10 salaries)	₹4.9 L/yr - ₹7 L/yr
10 years (7 salaries)	₹4.6 L/yr - ₹6 L/yr
11 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹10.1 L/yr
12 years (AmbitionBox Estimate)	₹5 L/yr - ₹10 L/yr

View all

Similar Designation salaries in HDFC Life

Deputy Manager Salary

(421 salaries)

₹3.5 L/yr - ₹14.4 L/yr

Relationship Manager Salary

(101 salaries)

₹2 L/yr - ₹5 L/yr

Sales Manager Salary

(92 salaries)

₹2.2 L/yr - ₹7.5 L/yr

Assistant Sales Manager Salary

(46 salaries)

₹3.2 L/yr - ₹5.5 L/yr

Cluster Manager Salary

(25 salaries)

₹6 L/yr - ₹11.9 L/yr

Top skills at HDFC Life for Bancassurance Manager

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

Salary related reviews for HDFC Life

4.0

Rated by 12 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.

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

Dislikes

Lack of co ordination between others channels

Senior Corporate Agency Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 08 Nov 2024

4.0

for Salary and Benefits

Likes

Skill development is good more knowledge we gets about product clearly

Dislikes

...nsent about the employee only they listen what our bosses say not to employees, Higher New employees giving higher designation and salary hike instade of give to our old employees

Senior Corporate Agency Manager in Mumbai

Full Time

Other Department

1.0

• posted on 14 Oct 2024

2.0

for Salary and Benefits

Likes

Nothing to like, people keep on absconding, due to no work life balance, irrelevant pressure.

Dislikes

...cy, rejected leaves at last moment even after informing manager 2 months before. * No job security, Manager always ask to resign in front of everyone in team meetings * Bullying regarding salary infront of colleagues, as if paying my salary from their own pocket *

Business Development Manager in Vasai-Virar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 30 May 2024

3.0

for Salary and Benefits

Likes

You get salary on time.

Dislikes

Late night sitting unnecessarily, Rude and rough language usage by bosses inspite of men or women, Depreciation, Don't follow code of conduct,Don't respect staffs ,only business and results, lack of co-operation and team work, Insist for hard drinks ,Bad behaviour, don't get leave if you don't perform, bias nature.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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 138 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?

HDFC Ergo General Insurance Bancassurance Manager Salary - ₹8.5 Lakhs to ₹9.5 Lakhs per year
Magma HDI General Insurance Bancassurance Manager Salary - ₹4.5 Lakhs to ₹6.5 Lakhs per year
Yes Bank Bancassurance Manager Salary - ₹5.5 Lakhs to ₹6.0 Lakhs per year

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

Tata AIA Life Insurance Bancassurance Manager Salary - ₹3.5 Lakhs to ₹5.8 Lakhs per year
ICICI Prudential Life Insurance Bancassurance Manager Salary - ₹3.5 Lakhs to ₹6.5 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 ₹42,897 per month to ₹44,019 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, 79% of the HDFC Life Bancassurance Managers in Mumbai reported a notice period of 1 Month, 8% 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.

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HDFC Life Bancassurance Manager Salaries in Mumbai

HDFC Life Bancassurance Manager salary in Mumbai ranges between ₹3.3 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 138 HDFC Life latest salaries received from various employees of HDFC Life.