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HDFC Life Bancassurance Officer salaries in India (Updated 2025)

Annual salary range
0 - 5 years exp.
₹1.5 Lakh - ₹4.5 Lakhs
Salary of majority employees
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At par with the average Bancassurance Officer Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Bancassurance Officer Salary
0 - 5 years exp. (17 salaries)
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₹1.5 L/yr - ₹3.4 L/yr

Sales & Business Development
Bancassurance Officer Salary
0 - 2 years exp. (9 salaries)
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₹1.8 L/yr - ₹3.8 L/yr

Customer Success, Service & Operations
Bancassurance Officer Salary
0 - 4 years exp. (8 salaries)
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₹2 L/yr - ₹4 L/yr

Finance & Accounting
Bancassurance Officer Salary
1 - 2 years exp. (3 salaries)
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₹2.6 L/yr - ₹4 L/yr

Last Updated: 14 Mar 2025

Companies similar to HDFC Life for Bancassurance Officer

Company name Avg Annual Salary Open Jobs
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₹1.5 L/yr - ₹4.5 L/yr

arrow icon 3% less
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₹2.6 L/yr - ₹4 L/yr

arrow icon 17% more
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₹2.1 L/yr - ₹4 L/yr

arrow icon 6% less
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₹2.7 L/yr - ₹4.5 L/yr

arrow icon 26% more
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₹2.3 L/yr - ₹3.3 L/yr

arrow icon 4% less
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₹2.1 L/yr - ₹3.2 L/yr

arrow icon 5% less
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₹2.3 L/yr - ₹4 L/yr

arrow icon 10% more
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₹2.6 L/yr - ₹3.5 L/yr

arrow icon 8% more
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₹3 L/yr - ₹3.6 L/yr

arrow icon 14% more
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PNB MetLife Bancassurance Officer Salary

0 - 5 years exp. (6 salaries)

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₹3 L/yr - ₹4.3 L/yr

arrow icon 9% more
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₹2.2 L/yr - ₹3 L/yr

arrow icon 13% less
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₹1.8 L/yr - ₹2.3 L/yr

arrow icon 31% less
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₹2 L/yr - ₹3.8 L/yr

arrow icon 13% less
Bancassurance Officer salary at HDFC Life ranges between ₹1.5 Lakh to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 65 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Bancassurance Officer

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Experience wise HDFC Life Bancassurance Officer salaries

Last Updated: 14 Mar 2025

Experience Avg Annual Salary
Fresher  (17 salaries)

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₹1.5 L/yr - ₹3 L/yr
1 year  (16 salaries)

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₹1.8 L/yr - ₹3.8 L/yr
2 years  (15 salaries)

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₹1.8 L/yr - ₹4 L/yr
3 years  (5 salaries)

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₹1.8 L/yr - ₹3.8 L/yr
4 years  (5 salaries)

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₹2 L/yr - ₹4 L/yr
View all

Similar Designation salaries in HDFC Life

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₹3 L/yr - ₹7 L/yr
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₹2 L/yr - ₹4 L/yr
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₹4.2 L/yr - ₹5.8 L/yr
Executive Trainee Salary
(504 salaries)
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₹3 L/yr - ₹8 L/yr
Sales Manager Salary
(704 salaries)
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₹1.55 L/yr - ₹7.5 L/yr
Financial Sales Manager Salary
(AmbitionBox Estimate)
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₹3.9 L/yr - ₹4.9 L/yr
Area Manager Salary
(31 salaries)
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₹7.71 L/yr - ₹19 L/yr
Cluster Manager Salary
(284 salaries)
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₹5 L/yr - ₹12 L/yr
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₹3.2 L/yr - ₹4.62 L/yr
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₹1.7 L/yr - ₹5 L/yr

Top skills at HDFC Life for Bancassurance Officer

Life Insurance Bancassurance Insurance Sales Sales Channel Sales Business Development Banking Lead Generation Cold Calling Branch Banking Inside Sales direct selling Agency Management Banking Sales Channel Partners

Salary related reviews for HDFC Life

3.5

Rated by 13 employees for salary & benefits

Sales & Business Development Department

1.0
  •  posted on 26 Feb 2022

1.0
 for  Salary and Benefits

Likes

Salary on time, your senior will help you how to forge customer signature , u will be able to cheat customer with the help of banker, u will be treated as servent of the bank so leave evry good quality at home

read more

Dislikes

No work life balance , No increments , to much approval required, KRA is more than ur salary , u will be able to steal business from bank , UPSELL the life insurance without knowledge of the bank. To much politics ,HR IS WEAK,on command of sales, no learning of any kind,

read more
  • Salary - Bad
  • +6 more

Bancainsurance Department

4.0
  •  posted on 14 Apr 2020

4.0
 for  Salary and Benefits

Likes

...stems is well and senior is very helpful and supportive and learning about more.and salary structure is good by company so exide life is good for growing future.

read more
  • Salary - Good
  • +1 more

Dislikes

Growing is very very slow for this company and trenar is not good salary part map is not good no trevel expence pay company and work life balance is not good by organization.

read more
  • Job security - Poor
  • +1 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...

read more
  • 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.

read more
  • Salary - Bad
  • +6 more

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

  • Salary - Good
  • +3 more

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

read more
  • Promotions - Bad
  • +2 more
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HDFC Life Bancassurance Officer Salary FAQs

What is the salary of Bancassurance Officer at HDFC Life ?
The average salary of a Bancassurance Officer at HDFC Life in India typically ranges from ₹1.5 Lakhs to ₹4.5 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Bancassurance Officer at HDFC Life earn more than ₹3.8 Lakhs per year, and the top 1% earn over ₹4.4 Lakhs per year. Bancassurance Officer 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 60+ HDFC Life employees in India.
What is the estimated take home salary of a Bancassurance Officer at HDFC Life in India?
The estimated take-home salary of a Bancassurance Officer at HDFC Life in India typically ranges from ₹20,560 to ₹22,215 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from Fresher to 5 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 60+ 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 Officer at HDFC Life ?
To be a Bancassurance Officer at HDFC Life in india, the key skills required include:

  • - Life Insurance
  • - Bancassurance
  • - Insurance Sales
  • - Sales
  • - Channel Sales

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 Officer in India?
Kotak Mahindara Life Insurance ₹2.7 Lakhs to ₹4.5 Lakhs per year
SBI Life Insurance Company ₹2.6 Lakhs to ₹4.0 Lakhs per year
ICICI Lombard General Insurance Company ₹3.0 Lakhs to ₹3.6 Lakhs per year
Aditya Birla Sun Life Insurance ₹2.3 Lakhs to ₹4.0 Lakhs per year
PNB MetLife ₹3.0 Lakhs to ₹4.3 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 Officer in companies similar to HDFC Life in India?
The salary of a Bancassurance Officer at companies similar to HDFC Life in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Ergo General Insurance ₹2.6 Lakhs to ₹3.5 Lakhs per year
ICICI Prudential Life Insurance ₹1.5 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz Life Insurance ₹2.3 Lakhs to ₹3.3 Lakhs per year
Tata AIA Life Insurance ₹2.1 Lakhs to ₹3.2 Lakhs per year
Axis Max Life Insurance ₹2.1 Lakhs to ₹4.0 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 Officer at HDFC Life in India?
The salary growth for a Bancassurance Officer at HDFC Life depends on factors such as experience, performance, and promotions. On average, a Bancassurance Officer can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
Fresher ₹1.5 Lakhs to ₹3.0 Lakhs per year
1 year ₹1.8 Lakhs to ₹3.8 Lakhs per year
2 years ₹1.8 Lakhs to ₹4.0 Lakhs per year
3 years ₹1.8 Lakhs to ₹3.8 Lakhs per year
and so on.

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HDFC Life Bancassurance Officer salary in India ranges between ₹1.5 Lakh to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 65 HDFC Life latest salaries received from various employees of HDFC Life.