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

5 - 14 years exp.

₹7.5 Lakhs - ₹10.5 Lakhs

Low Confidence

Salary of majority employees

17% less than the average Cluster Business Manager Salary in Insurance Companies for 5 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Business Manager Salary 8 - 14 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹10 L/yr
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Administration & Facilities Cluster Business Manager Salary 14 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹11.6 L/yr

Last Updated: 11 Oct 2024

Companies similar to HDFC Life for Cluster Business Manager

Company name	Avg Annual Salary	Open Jobs
Reliance Nippon Life Insurance Cluster Business Manager Salary 8 - 16 years exp. (4 salaries)	₹6.1 L/yr - ₹7 L/yr 29% less
ICICI Lombard General Insurance Company Cluster Business Manager Salary 15 - 20 years exp. (4 salaries)	₹16.7 L/yr - ₹19 L/yr 90% more
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Canara HSBC Life Insurance Cluster Business Manager Salary 6 - 20 years exp. (222 salaries)	₹4.8 L/yr - ₹13 L/yr 6% less
Rivigo Cluster Business Manager Salary 5 - 15 years exp. (128 salaries)	₹6.2 L/yr - ₹21 L/yr 31% more
AU Small Finance Bank Cluster Business Manager Salary 10 - 21 years exp. (90 salaries)	₹6.9 L/yr - ₹27.2 L/yr 73% more

Cluster Business Manager salary at HDFC Life ranges between ₹7.5 Lakhs to ₹10.5 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Cluster Business Manager salaries

Last Updated: 11 Oct 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
8 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr
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14 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.8 L/yr

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Salary related reviews for HDFC Life

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

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

Promotions - Bad

+2 more

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 *

Salary - Poor

+6 more

Manager- Corporate Sales in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 03 Oct 2024

2.0

for Salary and Benefits

Dislikes

All Saturday are working so no work life balance. Saturday Sunday meetings held my management Not easily give leave Sometime if manager is not agree than emp have to mark loss of pay but they not approve leave Zero work life balance

Salary - Poor

+6 more

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

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Salary Discussions, Hike & Promotions

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 Business Manager Salary FAQs

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

Cluster Business Manager salary at HDFC Life in India ranges between ₹7.5 Lakhs to ₹10.5 Lakhs for experience between 5 years to 14 years. According to our estimates it is 17% less than the average Cluster Business 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 Business Manager at HDFC Life India compare with the average salary range for this job?

The average salary of a Cluster Business Manager at HDFC Life is 17% less than the average salary of a Cluster Business Manager in India. To know exact salary insights, login to view.

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

ICICI Lombard General Insurance Company Cluster Business Manager Salary - ₹16.7 Lakhs to ₹19.0 Lakhs per year
AU Small Finance Bank Cluster Business Manager Salary - ₹6.9 Lakhs to ₹27.2 Lakhs per year
Rivigo Cluster Business Manager Salary - ₹6.2 Lakhs to ₹21.0 Lakhs per year

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

Canara HSBC Life Insurance Cluster Business Manager Salary - ₹4.8 Lakhs to ₹13.0 Lakhs per year
Reliance Nippon Life Insurance Cluster Business Manager Salary - ₹6.1 Lakhs to ₹7.0 Lakhs per year

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

The estimated take-home salary of a Cluster Business Manager at HDFC Life ranges between ₹67,243 per month to ₹68,965 per month in India. The take-home salary calculation is based on the average HDFC Life Cluster Business Manager salary in India which ranges between ₹7.5 Lakhs to ₹10.5 Lakhs per year for employees with experience between 5 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the HDFC Life Cluster Business Managers reported a notice period of 2 Months, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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HDFC Life Cluster Business Manager Salaries

HDFC Life Cluster Business Manager salary in India ranges between ₹7.5 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDFC Life latest salaries received from various employees of HDFC Life.