HDFC Life Cluster Branch Manager Salaries by 4 Employees (Updated 2025)

5 - 11 years exp.

₹6.7 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

41% less than the average Cluster Branch Manager Salary in Insurance Companies for 5 - 11 years of experience

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Last Updated: 18 Jan 2024

Companies similar to HDFC Life for Cluster Branch Manager

Company name	Avg Annual Salary	Open Jobs
Max Life Insurance Cluster Branch Manager Salary 5 - 9 years exp. (5 salaries)	₹7.2 L/yr - ₹10 L/yr 1% less
Bajaj Allianz Life Insurance Cluster Branch Manager Salary 17 - 20 years exp. (4 salaries)	₹7 L/yr - ₹14.5 L/yr 23% more
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ICICI Lombard General Insurance Company Cluster Branch Manager Salary 11 - 18 years exp. (20 salaries)	₹8 L/yr - ₹18.5 L/yr 64% more
Care Health Insurance Cluster Branch Manager Salary 5 - 8 years exp. (4 salaries)	₹5 L/yr - ₹5.6 L/yr 37% less
IndusInd Bank Cluster Branch Manager Salary 12 - 20 years exp. (39 salaries)	₹11 L/yr - ₹26 L/yr 120% more

Cluster Branch Manager salary at HDFC Life ranges between ₹6.7 Lakhs to ₹10 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Cluster Branch Manager salaries

Last Updated: 18 Jan 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
7 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
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10 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
11 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr

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Salary related reviews for HDFC Life

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.

Work satisfaction - Bad

+2 more

Sales Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 24 Oct 2023

3.0

for Salary and Benefits

Likes

Already they are top in insurance sector so people know about this company that's good part.

Dislikes

...se that's why they are doing insurance these are the facts they take advantage In small salary package thier expectation is more than crore For a freshers Or 2 years experience not good place to work You have to travel every single day like a horse (on your money) Many more people don't share because they sacred if they share they can't get job because these people leaves and they go to another company so it's like round like earth anyone can meet anywhere In 100 people only will success 2

Skill development - Poor

+5 more

Relationship Manager in Bhubaneswar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 05 May 2024

2.0

for Salary and Benefits

Likes

Big brand. People know the brand very well

Dislikes

Less salary compare to psu. Even clerk of psu bank get more than a manager grade of hdfc. Bonus and incentives at junior grade not that good. Only boss and team managers will get good salary here . No travel claims are given.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 19 Aug 2023

1.0

for Salary and Benefits

Likes

Flexibility of work from home.

Job security - Good

Dislikes

...nt is not supportive and the way they communicate with lower levels is terrible. Salary structure is horrible and shift hours are expected for 12 to 14 hrs a day

Salary - Bad

+5 more

Deputy Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 07 Aug 2023

2.0

for Salary and Benefits

Dislikes

... Saturday and Sunday off as they have mentioned holiday at the time of joining. Also I feel there is discrimination in salary increament policy and working time among employees.

Salary - Poor

+3 more

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2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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HDFC Life Cluster Branch Manager Salary FAQs

What is the salary of Cluster Branch Manager at HDFC Life?

Cluster Branch Manager salary at HDFC Life in India ranges between ₹6.7 Lakhs to ₹10.0 Lakhs for experience between 5 years to 11 years. According to our estimates it is 41% less than the average Cluster Branch Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life India.

How does the salary of a Cluster Branch Manager at HDFC Life India compare with the average salary range for this job?

The average salary of a Cluster Branch Manager at HDFC Life is 41% less than the average salary of a Cluster Branch Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Life to a Cluster Branch Manager in India?

IndusInd Bank Cluster Branch Manager Salary - ₹11.0 Lakhs to ₹26.0 Lakhs per year
ICICI Lombard General Insurance Company Cluster Branch Manager Salary - ₹8.0 Lakhs to ₹18.5 Lakhs per year
Bajaj Allianz Life Insurance Cluster Branch Manager Salary - ₹7.0 Lakhs to ₹14.5 Lakhs per year

What is the salary of a Cluster Branch Manager in companies similar to HDFC Life in India?

Max Life Insurance Cluster Branch Manager Salary - ₹7.2 Lakhs to ₹10.0 Lakhs per year
Care Health Insurance Cluster Branch Manager Salary - ₹5.0 Lakhs to ₹5.6 Lakhs per year

What is the estimated take home salary of a Cluster Branch Manager at HDFC Life in India?

The estimated take-home salary of a Cluster Branch Manager at HDFC Life ranges between ₹60,993 per month to ₹62,538 per month in India. The take-home salary calculation is based on the average HDFC Life Cluster Branch Manager salary in India which ranges between ₹6.7 Lakhs to ₹10.0 Lakhs per year for employees with experience between 5 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Cluster Branch Manager at HDFC Life?

According to AmbitionBox, 100% of the HDFC Life Cluster Branch Managers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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HDFC Life Cluster Branch Manager Salaries

HDFC Life Cluster Branch Manager salary in India ranges between ₹6.7 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDFC Life latest salaries received from various employees of HDFC Life.