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HDFC Life Cluster Manager Banca salaries in India (Updated 2025)

Annual salary range
7 - 16 years exp.
₹7 Lakhs - ₹11.5 Lakhs
Salary of majority employees
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29% more than the average Cluster Manager Banca Salary in Insurance Companies for 7 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Cluster Manager Banca Salary
7 - 16 years exp. (25 salaries)
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₹7 L/yr - ₹11.5 L/yr

Sales & Business Development
Cluster Manager Banca Salary
7 - 14 years exp. (17 salaries)
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₹7 L/yr - ₹10.5 L/yr

Marketing & Communication
Cluster Manager Banca Salary
8 - 14 years exp. (3 salaries)
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₹8 L/yr - ₹10.7 L/yr

Last Updated: 12 Feb 2025

Companies similar to HDFC Life for Cluster Manager Banca

Company name Avg Annual Salary Open Jobs
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₹6.5 L/yr - ₹18 L/yr

arrow icon 12% more
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₹9 L/yr - ₹12.3 L/yr

arrow icon 16% more
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₹5.5 L/yr - ₹13 L/yr

arrow icon 3% less
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₹6 L/yr - ₹10 L/yr

arrow icon 17% less
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₹4.4 L/yr - ₹6 L/yr

arrow icon 44% less
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₹7 L/yr - ₹10 L/yr

arrow icon 5% less
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₹6 L/yr - ₹12.6 L/yr

arrow icon 14% less
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PNB MetLife Cluster Manager Banca Salary

6 - 8 years exp. (3 salaries)

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₹4 L/yr - ₹5.8 L/yr

arrow icon 43% less
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₹5 L/yr - ₹9.8 L/yr

arrow icon 28% less
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₹4.6 L/yr - ₹4.9 L/yr

arrow icon 48% less
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₹7.5 L/yr - ₹10 L/yr

arrow icon 5% less
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₹8 L/yr - ₹12 L/yr

arrow icon 10% more
Cluster Manager Banca salary at HDFC Life ranges between ₹7 Lakhs to ₹11.5 Lakhs per year for employees with experience between 7 years to 16 years. Salary estimates are based on 48 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Cluster Manager Banca

3d ago
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14 years exp.
2w ago
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13 years exp.
1mo ago
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8 years exp.
1mo ago
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11 years exp.
2mo ago
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14 years exp.
2mo ago
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11 years exp.
3mo ago
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16 years exp.
3mo ago
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12 years exp.
4mo ago
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10 years exp.
4mo ago
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12 years exp.

Experience wise HDFC Life Cluster Manager Banca salaries

Last Updated: 12 Feb 2025

Experience Avg Annual Salary
7 years  (3 salaries)

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₹7.5 L/yr - ₹16 L/yr
8 years  (7 salaries)

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₹7 L/yr - ₹9.5 L/yr
9 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹16.2 L/yr
10 years  (7 salaries)

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₹7 L/yr - ₹10 L/yr
11 years  (11 salaries)

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₹7.2 L/yr - ₹10.5 L/yr
View all

Similar Designation salaries in HDFC Life

Cluster Manager Salary
(305 salaries)
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₹5 L/yr - ₹12.25 L/yr
Area Manager Salary
(37 salaries)
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₹3.76 L/yr - ₹15.4 L/yr
Deputy Manager Salary
(731 salaries)
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₹3.5 L/yr - ₹12.14 L/yr
Sales Manager Salary
(702 salaries)
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₹1.55 L/yr - ₹7.5 L/yr
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₹1.7 L/yr - ₹5 L/yr
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₹4.2 L/yr - ₹5.8 L/yr
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₹2.5 L/yr - ₹5.6 L/yr
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₹3 L/yr - ₹7 L/yr
Financial Sales Manager Salary
(AmbitionBox Estimate)
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₹3.9 L/yr - ₹4.9 L/yr
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₹3.2 L/yr - ₹4.62 L/yr
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Salary related reviews for HDFC Life

3.6

Rated by 12 employees for salary & benefits

Full Time

 · 

Marketing & Communication Department

5.0
  •  posted on 10 Feb 2025

1.0
 for  Salary and Benefits

Likes

Hello team m Rishabh Rastogi from HDFC LIFE Bijnor Branch, there is a lot of pressure here for work and HDFC Life is a very good brand but there are no facilities for the employees in the office.

read more
  • Work-life balance - Excellent

Dislikes

Here the calculation is less Here the salary is very high as compared to low and the facilities are also very less, the promotions target is very high and there are many parameters.

read more
  • Salary - Bad
  • +4 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

 · 

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

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 *

read more
  • Salary - Poor
  • +6 more
see more salary related reviews

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HDFC Life Cluster Manager Banca Salary FAQs

What is the salary of Cluster Manager Banca at HDFC Life?
Cluster Manager Banca salary at HDFC Life in India ranges between ₹7.0 Lakhs to ₹11.5 Lakhs for experience between 7 years to 16 years. According to our estimates it is 29% more than the average Cluster Manager Banca Salary in India. Salary estimates are based on 48 latest salaries received from various employees of HDFC Life India.
How does the salary of a Cluster Manager Banca at HDFC Life India compare with the average salary range for this job?
The average salary of a Cluster Manager Banca at HDFC Life is 29% more than the average salary of a Cluster Manager Banca in India. To know exact salary insights, login to view.
Which similar companies are paying more than HDFC Life to a Cluster Manager Banca in India?
  • Axis Max Life Insurance Cluster Manager Banca Salary - ₹9.0 Lakhs to ₹12.3 Lakhs per year
  • ICICI Prudential Life Insurance Cluster Manager Banca Salary - ₹6.5 Lakhs to ₹18.0 Lakhs per year
  • ICICI Lombard General Insurance Company Cluster Manager Banca Salary - ₹8.0 Lakhs to ₹12.0 Lakhs per year
What is the salary of a Cluster Manager Banca in companies similar to HDFC Life in India?
  • Kotak Mahindara Life Insurance Cluster Manager Banca Salary - ₹5.5 Lakhs to ₹13.0 Lakhs per year
  • SBI General Insurance Cluster Manager Banca Salary - ₹7.5 Lakhs to ₹10.0 Lakhs per year
  • Tata AIA Life Insurance Cluster Manager Banca Salary - ₹7.0 Lakhs to ₹10.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Cluster Manager Banca Salary - ₹6.0 Lakhs to ₹12.6 Lakhs per year
  • Bajaj Allianz Life Insurance Cluster Manager Banca Salary - ₹6.0 Lakhs to ₹10.0 Lakhs per year
What is the estimated take home salary of a Cluster Manager Banca at HDFC Life in India?
The estimated take-home salary of a Cluster Manager Banca at HDFC Life ranges between ₹66,805 per month to ₹68,515 per month in India. The take-home salary calculation is based on the average HDFC Life Cluster Manager Banca salary in India which ranges between ₹7.0 Lakhs to ₹11.5 Lakhs per year for employees with experience between 7 years to 16 years. Check how did we calculate take home salary?
What is the notice period for Cluster Manager Banca at HDFC Life?
According to AmbitionBox, 49% of the HDFC Life Cluster Manager Bancas reported a notice period of 3 Months, 29% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 65 responses on AmbitionBox in last 2 years.

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HDFC Life Cluster Manager Banca salary in India ranges between ₹7 Lakhs to ₹11.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 48 HDFC Life latest salaries received from various employees of HDFC Life.

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