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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. (16 salaries)
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₹7 L/yr - ₹10.5 L/yr

Marketing & Communication
Cluster Manager Banca Salary
11 - 14 years exp. (AmbitionBox Estimate)
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₹9.8 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 17% 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 30% 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 46 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Cluster Manager Banca

1mo ago
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14 years exp.
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13 years exp.
2mo ago
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11 years exp.
3mo ago
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14 years exp.
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11 years exp.
4mo ago
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16 years exp.
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12 years exp.
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10 years exp.
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12 years exp.
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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 - ₹15.9 L/yr
8 years  (6 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
(284 salaries)
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₹5 L/yr - ₹12 L/yr
Area Manager Salary
(31 salaries)
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₹7.71 L/yr - ₹19 L/yr
Deputy Manager Salary
(732 salaries)
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₹3.5 L/yr - ₹12.14 L/yr
Sales Manager Salary
(704 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

Salary related reviews for HDFC Life

3.6

Rated by 14 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 13 Mar 2025

3.0
 for  Salary and Benefits

Likes

Job security is the thing which i can say is good. Working culture is somewhat good.

  • Skill development - Good
  • +3 more

Dislikes

Salary hike is not so good like 4 to 5 percent annually only. There is no skill development options, you have to go in the morning and come back at the evening and this happens daily nothing new.

read more

Full Time

 · 

Sales & Business Development Department

4.0
  •  posted on 28 Feb 2025

3.0
 for  Salary and Benefits

Likes

In HDFC Life There is time to work life balance. There is no more such pressure about Targets (Depends upon L1 Manager). The brand value is easy to convert among competitors.

read more
  • Job security - Excellent
  • +3 more

Dislikes

Salary is very low which is mentioned in payslip. Even HR also didn't know about employees salary. HR department is very week and they didn't care about employees. Very worst department in HDFC LIFE.

read more

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
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 ?
The average salary of a Cluster Manager Banca at HDFC Life in India typically ranges from ₹7.0 Lakhs to ₹11.5 Lakhs per year, depending on experience (from 7 years to 16 years).

The top 10% of Cluster Manager Banca at HDFC Life earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹11.5 Lakhs per year. Cluster Manager Banca 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 40+ HDFC Life employees in India.
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 in India typically ranges from ₹66,667 to ₹68,372 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹11.5 Lakhs per year for employees with experience ranging from 7 years to 16 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 40+ 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 Cluster Manager Banca in India?
Axis Max Life Insurance ₹9.0 Lakhs to ₹12.3 Lakhs per year
ICICI Prudential Life Insurance ₹6.5 Lakhs to ₹18.0 Lakhs per year
ICICI Lombard General Insurance Company ₹8.0 Lakhs to ₹12.0 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.
What is the salary of a Cluster Manager Banca in companies similar to HDFC Life in India?
The salary of a Cluster Manager Banca at companies similar to HDFC Life in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindara Life Insurance ₹5.5 Lakhs to ₹13.0 Lakhs per year
SBI General Insurance ₹7.5 Lakhs to ₹10.0 Lakhs per year
Tata AIA Life Insurance ₹7.0 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹6.0 Lakhs to ₹12.6 Lakhs per year
Bajaj Allianz Life Insurance ₹6.0 Lakhs to ₹10.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Cluster Manager Banca at HDFC Life in India?
The salary growth for a Cluster Manager Banca at HDFC Life depends on factors such as experience, performance, and promotions. On average, a Cluster Manager Banca can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
7 years ₹7.5 Lakhs to ₹15.9 Lakhs per year
8 years ₹7.0 Lakhs to ₹9.5 Lakhs per year
9 years ₹7.5 Lakhs to ₹16.2 Lakhs per year
10 years ₹7.0 Lakhs to ₹10.0 Lakhs per year
and so on.

Tell us how to improve this page.

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 46 HDFC Life latest salaries received from various employees of HDFC Life.