HDFC Life Mumbai Cluster Manager Banca Salaries by 6 Employees (Updated 2025)

7 - 12 years exp.

₹7.5 Lakhs - ₹10 Lakhs

Salary of majority employees

27% more than the average Cluster Manager Banca Salary in Insurance Companies for 7 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Banca Salary 7 - 12 years exp. (3 salaries)	₹7.5 L/yr - ₹10 L/yr
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Sales & Business Development Cluster Manager Banca Salary 8 - 12 years exp. (3 salaries)	₹8.3 L/yr - ₹10.1 L/yr

Last Updated: 24 Sep 2024

Companies similar to HDFC Life for Cluster Manager Banca in Mumbai

HDFC Life Cluster Manager Banca Salary

7 - 12 years exp. (6 salaries)

₹7.5 L/yr - ₹10 L/yr

Company name	Avg Annual Salary	Open Jobs
Max Life Insurance Cluster Manager Banca Salary 7 - 17 years exp. (7 salaries)	₹9.3 L/yr - ₹12.3 L/yr 20% more
Aditya Birla Sun Life Insurance Cluster Manager Banca Salary 6 - 12 years exp. (6 salaries)	₹7 L/yr - ₹12 L/yr 3% more
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Star Health & Allied Insurance Cluster Manager Banca Salary 5 - 14 years exp. (4 salaries)	₹5.5 L/yr - ₹8.3 L/yr 24% less
Axis Direct Cluster Manager Banca Salary 2 - 5 years exp. (5 salaries)	₹3.3 L/yr - ₹3.9 L/yr 59% less
Care Health Insurance Cluster Manager Banca Salary 4 - 11 years exp. (5 salaries)	₹3.5 L/yr - ₹5.4 L/yr 48% less

Cluster Manager Banca salary at HDFC Life ranges between ₹7.5 Lakhs to ₹10 Lakhs per year for employees with experience between 7 years to 12 years. Salary estimates are based on 6 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Cluster Manager Banca salaries in Mumbai

Last Updated: 24 Sep 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹15.3 L/yr
8 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.5 L/yr
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9 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹10 L/yr
10 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10.1 L/yr
11 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹15.9 L/yr
12 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10 L/yr

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Similar Designation salaries in HDFC Life

Deputy Manager Salary

(423 salaries)

₹3.5 L/yr - ₹14.4 L/yr

Bancassurance Manager Salary

(139 salaries)

₹3.3 L/yr - ₹7 L/yr

Relationship Manager Salary

(92 salaries)

₹2 L/yr - ₹4.5 L/yr

Sales Manager Salary

(90 salaries)

₹2.2 L/yr - ₹7.5 L/yr

Assistant Sales Manager Salary

(51 salaries)

₹3.2 L/yr - ₹5.5 L/yr

Cluster Manager Salary

(24 salaries)

₹6 L/yr - ₹11.46 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

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

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

Corporate Agency Manager in Bhubaneswar

Full Time

Sales & Business Development Department

4.0

• posted on 22 Jun 2024

1.0

for Salary and Benefits

Likes

Management are too friendly... All staff are too friendly and helping ...

Job security - Excellent

+2 more

Dislikes

Salary increment problem... promotion criteria too hard.. even new fresher staff Haring with high salary but old staff salary not increase,

Salary - Bad

+1 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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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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HDFC Life Cluster Manager Banca Salary FAQs

What is the salary of Cluster Manager Banca at HDFC Life Mumbai?

Cluster Manager Banca salary at HDFC Life in Mumbai ranges between ₹7.5 Lakhs to ₹10.0 Lakhs for experience between 7 years to 12 years. According to our estimates it is 27% more than the average Cluster Manager Banca Salary in India. Salary estimates are based on 6 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Cluster Manager Banca at HDFC Life is 27% more than the average salary of a Cluster Manager Banca in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Life to a Cluster Manager Banca in Mumbai?

Max Life Insurance Cluster Manager Banca Salary - ₹9.3 Lakhs to ₹12.3 Lakhs per year
Aditya Birla Sun Life Insurance Cluster Manager Banca Salary - ₹7.0 Lakhs to ₹12.0 Lakhs per year

What is the salary of a Cluster Manager Banca in companies similar to HDFC Life in Mumbai?

Star Health & Allied Insurance Cluster Manager Banca Salary - ₹5.5 Lakhs to ₹8.3 Lakhs per year
Care Health Insurance Cluster Manager Banca Salary - ₹3.5 Lakhs to ₹5.4 Lakhs per year
Axis Direct Cluster Manager Banca Salary - ₹3.3 Lakhs to ₹3.9 Lakhs per year

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

The estimated take-home salary of a Cluster Manager Banca at HDFC Life ranges between ₹64,482 per month to ₹66,125 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Cluster Manager Banca salary in India which ranges between ₹7.5 Lakhs to ₹10.0 Lakhs per year for employees with experience between 7 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager Banca at HDFC Life in Mumbai?

According to AmbitionBox, 50% of the HDFC Life Cluster Manager Bancas in Mumbai reported a notice period of 1 Month, 33% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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HDFC Life Cluster Manager Banca Salaries in Mumbai

HDFC Life Cluster Manager Banca salary in Mumbai ranges between ₹7.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 HDFC Life latest salaries received from various employees of HDFC Life.