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HDFC Life Branch Service Manager salaries in Kolkata

Annual salary range
1 - 5 years exp.
₹2.2 Lakhs - ₹3.5 Lakhs
Salary of majority employees
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60% less than the average Branch Service Manager Salary in Insurance Companies for 1 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Service Manager Salary
1 year exp. (AmbitionBox Estimate)
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₹2.2 L/yr - ₹2.8 L/yr

Sales & Business Development
Branch Service Manager Salary
4 years exp. (AmbitionBox Estimate)
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₹3.2 L/yr - ₹3.5 L/yr

Last Updated: 27 Feb 2024

Companies similar to HDFC Life for Branch Service Manager in Kolkata

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HDFC Life Branch Service Manager Salary

1 - 5 years exp. (5 salaries)

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₹2.2 L/yr - ₹3.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹3 L/yr - ₹4.5 L/yr

arrow icon 31% more
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₹11.5 L/yr - ₹17 L/yr

arrow icon 402% more
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Onida Branch Service Manager Salary

12 - 22 years exp. (4 salaries)

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₹3.6 L/yr - ₹5.7 L/yr

arrow icon 73% more
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Yes Bank Branch Service Manager Salary

1 - 5 years exp. (3 salaries)

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₹3 L/yr - ₹5.5 L/yr

arrow icon 54% more
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Panasonic Branch Service Manager Salary

13 - 15 years exp. (3 salaries)

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₹14.5 L/yr - ₹22.5 L/yr

arrow icon 523% more
Branch Service Manager salary at HDFC Life ranges between ₹2.2 Lakhs to ₹3.5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 5 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Branch Service Manager in Kolkata

1y ago
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4 years exp.
1y ago
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5 years exp.
1y ago
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4 years exp.

Experience wise HDFC Life Branch Service Manager salaries in Kolkata

Last Updated: 27 Feb 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.2 L/yr - ₹5.4 L/yr
2 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr
3 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹3.2 L/yr
4 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹3.2 L/yr

Similar Designation salaries in HDFC Life

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₹3 L/yr - ₹5 L/yr
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₹2.6 L/yr - ₹10.1 L/yr
SDM Salary
(36 salaries)
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₹1.75 L/yr - ₹4 L/yr
Deputy Manager Salary
(29 salaries)
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₹5.12 L/yr - ₹12 L/yr
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₹1.1 L/yr - ₹3 L/yr
BDM Salary
(7 salaries)
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₹2 L/yr - ₹4.01 L/yr
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₹7 L/yr - ₹10.42 L/yr

Salary related reviews for HDFC Life

4.0

Rated by 2 employees for salary & benefits

Full Time

 · 

Other Department

4.0
  •  posted on 04 Oct 2024

3.0
 for  Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

read more
  • Skill development - Excellent
  • +2 more

Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

read more
  • Promotions - Poor

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 19 Jul 2024

1.0
 for  Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Risk Management & Compliance Department

3.0
  •  posted on 26 Nov 2023

1.0
 for  Salary and Benefits

Likes

The way they make fool our of you. JD and actual work are really different. Popular statement "I am a really considerate manager".

read more
  • Job security - Excellent

Dislikes

Usual work day is for about 12 hrs On document Saturday is a non working day but you will be forced to work with out pay. Overtime is a myth Promotion depends upon L1's will. Variable pay is only for MT's and chief manager & above Huge gap in pay at same band.

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 25 Apr 2023

3.0
 for  Salary and Benefits

Likes

...l Rules/regulations and values set by the organisation are really praise worthy. Good initial salary package. You will learn communication skills and build confidence but not much technical skills though.

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Dislikes

The management staff doesn't really follow what has been preached. You will be verbally harassed for not meeting targets, i have seen senior make fun of people based on their looks. According to the company's rules miss selling is a taboo but managers will force you to sell products by hook or crook to meet targets. You will be made to work extra long hours instead of the promised actual time. if it's a big branch with more competation and god forbid if the competition gets good business, you will be chewed up by your senior's on a private call. My friend was in tears when he got shouted on for not being able to get business and it was only his first month. Overall the framework of the company is nice but whether you will enjoy your work life or not depends on the kind of superiors you get.

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  • Work-life balance - Poor

Full Time

 · 

Other Department

3.0
  •  posted on 03 Sep 2023

2.0
 for  Salary and Benefits

Likes

Stable job, one can work with co for long term. Good HR policies. Female friendly and safe organisation.

  • Skill development - Good
  • +2 more

Dislikes

1. Pay structure is poor. The CTC includes the annual bonus. That means for earning your own CTC, one has to earn rating. 2. The managers are poor skilled, knows only to create pressure but don't know to manage pressure. Don't groom the teams. 3. 6 days working. 4. Way behind technically. Huge manual work is still there which can be handled by improved technology. 5. Overall, the co doesn't want to spend money over people, over technology,

read more
  • Salary - Poor
  • +2 more
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HDFC Life Branch Service Manager Salary FAQs

What is the salary of Branch Service Manager at HDFC Life in Kolkata?
The average salary of a Branch Service Manager at HDFC Life in Kolkata typically ranges from ₹2.2 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Branch Service Manager in Kolkata at HDFC Life earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Branch Service 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 5 HDFC Life employees in India.
What is the estimated take home salary of a Branch Service Manager at HDFC Life in Kolkata?
The estimated take-home salary of a Branch Service Manager at HDFC Life in Kolkata typically ranges from ₹21,692 to ₹23,180 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 1 year 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 5 salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than HDFC Life for Branch Service Manager in India?
Panasonic ₹14.5 Lakhs to ₹22.5 Lakhs per year
Tata Hitachi Construction Machinery ₹11.5 Lakhs to ₹17.0 Lakhs per year
Onida ₹3.6 Lakhs to ₹5.7 Lakhs per year
Yes Bank ₹3.0 Lakhs to ₹5.5 Lakhs per year
ICICI Lombard General Insurance Company ₹3.0 Lakhs to ₹4.5 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.
How the salary growth look like for a Branch Service Manager at HDFC Life in Kolkata?
The salary growth for a Branch Service Manager at HDFC Life in Kolkata depends on factors such as experience, performance, and promotions. On average, a Branch Service Manager in Kolkata can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
1 year ₹2.2 Lakhs to ₹5.4 Lakhs per year
2 years ₹2.7 Lakhs to ₹3.5 Lakhs per year
3 years ₹1.2 Lakhs to ₹3.2 Lakhs per year
4 years ₹1.2 Lakhs to ₹3.5 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Life Branch Service Manager salary in Kolkata ranges between ₹2.2 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 HDFC Life latest salaries received from various employees of HDFC Life.