HDFC Life Cluster Business Manager Salaries by 4 Employees (Updated 2024)

5 - 14 years exp.

₹7.5 Lakhs - ₹10.5 Lakhs

Low Confidence

Salary of majority employees

19% less than the average Cluster Business Manager Salary in Insurance Companies for 5 - 14 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Cluster Business Manager Salary 8 - 14 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹10 L/yr
Login to view exact salary
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
Login to view exact salary
Canara HSBC Life Insurance Cluster Business Manager Salary 5 - 18 years exp. (239 salaries)	₹4.5 L/yr - ₹13 L/yr 11% less	1 job opening
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. (83 salaries)	₹8.1 L/yr - ₹27.2 L/yr 83% more	2 job openings

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
Login to view exact salary
14 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.8 L/yr

Similar Designation salaries in HDFC Life

Senior Corporate Agency Manager Salary

(1.8k salaries)

₹2.85 L/yr - ₹5.75 L/yr

Business Development Manager Salary

(1.4k salaries)

₹1.5 L/yr - ₹4.8 L/yr

Sales Development Manager Salary

(949 salaries)

₹1.45 L/yr - ₹4.5 L/yr

Relationship Manager Salary

(745 salaries)

₹1.7 L/yr - ₹5 L/yr

Manager- Corporate Sales Salary

(741 salaries)

₹4.47 L/yr - ₹12.24 L/yr

Sales Manager Salary

(704 salaries)

₹1.55 L/yr - ₹7.5 L/yr

Assistant Sales Manager Salary

(405 salaries)

₹2.5 L/yr - ₹6 L/yr

Senior Relationship Manager Salary

(332 salaries)

₹2 L/yr - ₹5 L/yr

Cluster Manager Salary

(292 salaries)

₹5.65 L/yr - ₹12 L/yr

Agency Development Manager Salary

(272 salaries)

₹2.5 L/yr - ₹6.5 L/yr

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

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 *

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

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.

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

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?

Got a question about HDFC Life?

Ask anonymously on communities.

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 19% 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 19% 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 - ₹8.1 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 - ₹4.5 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.

Tell us how to improve this page.

HDFC Life Cluster Business Manager Salaries by Location

Home >
Salaries >
HDFC Life Salaries >
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.