HDFC Life Bangalore / Bengaluru Cluster Manager Salaries by 10+ Employees (Updated 2024)

5 - 15 years exp.

₹7 Lakhs - ₹10.6 Lakhs

Salary of majority employees

At par with the average Cluster Manager Salary in Insurance Companies for 5 - 15 years of experience

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Salaries in different departments

Sales & Business Development Cluster Manager Salary 5 - 13 years exp. (9 salaries)	₹7 L/yr - ₹10 L/yr
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BFSI, Investments & Trading Cluster Manager Salary 5 - 15 years exp. (8 salaries)	₹7.9 L/yr - ₹10.6 L/yr

Last Updated: 25 Nov 2024

Companies similar to HDFC Life for Cluster Manager in Bangalore / Bengaluru

HDFC Life Cluster Manager Salary

5 - 15 years exp. (17 salaries)

₹7 L/yr - ₹10.6 L/yr

Company name	Avg Annual Salary	Open Jobs
Max Life Insurance Cluster Manager Salary 7 - 14 years exp. (13 salaries)	₹6.6 L/yr - ₹12.5 L/yr 7% more	4 job openings
Bajaj Allianz Life Insurance Cluster Manager Salary 5 - 12 years exp. (3 salaries)	₹8.5 L/yr - ₹12 L/yr At par
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Tata AIA Life Insurance Cluster Manager Salary 5 - 9 years exp. (4 salaries)	₹6 L/yr - ₹15 L/yr 14% more	2 job openings
Aditya Birla Sun Life Insurance Cluster Manager Salary 1 - 13 years exp. (16 salaries)	₹6 L/yr - ₹10 L/yr At par
Care Health Insurance Cluster Manager Salary 3 - 11 years exp. (7 salaries)	₹4 L/yr - ₹5.3 L/yr 51% less	2 job openings
Kotak Mahindara Life Insurance Cluster Manager Salary 10 - 13 years exp. (3 salaries)	₹7 L/yr - ₹8 L/yr 13% less

Cluster Manager salary at HDFC Life ranges between ₹7 Lakhs to ₹10.6 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 17 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Cluster Manager salaries in Bangalore / Bengaluru

Last Updated: 25 Nov 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹7 L/yr - ₹8.5 L/yr
6 years (AmbitionBox Estimate)	₹7 L/yr - ₹15.5 L/yr
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7 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹15.7 L/yr
8 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹10.2 L/yr
9 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹10 L/yr
10 years (3 salaries)	₹7 L/yr - ₹16.3 L/yr
11 years (AmbitionBox Estimate)	₹8 L/yr - ₹16.5 L/yr
12 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
13 years (AmbitionBox Estimate)	₹9 L/yr - ₹10.6 L/yr
14 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹10.6 L/yr
15+ years (AmbitionBox Estimate)	₹3.9 L/yr - ₹10.5 L/yr

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From

Cluster Manager

₹

Lakhs/yr

5 - 16 years exp.

Chief Manager

₹

Lakhs/yr

5 - 20 years exp.

Cluster Manager 5 - 16 years exp.

Deputy Manager 2 - 15 years exp.

-9% hike

Manager 1 - 16 years exp.

14% hike

From

2 more levels

Cluster Manager

5 - 16 years exp.

Associate Head Regional

12 - 22 years exp.

Similar Designation salaries in HDFC Life

Deputy Manager Salary

(102 salaries)

₹4.5 L/yr - ₹11.73 L/yr

Sales Manager Salary

(72 salaries)

₹2 L/yr - ₹7 L/yr

Relationship Manager Salary

(48 salaries)

₹2 L/yr - ₹4 L/yr

Branch Manager Salary

(24 salaries)

₹6.8 L/yr - ₹11 L/yr

Territory Manager Salary

(14 salaries)

₹10.95 L/yr - ₹21 L/yr

Area Manager Salary

(4 salaries)

₹6 L/yr - ₹14.5 L/yr

Top skills at HDFC Life for Cluster Manager

Team Handling Leadership Skills Presentation Skills Interpersonal Skills Life Insurance Insurance outbound Communication Skills Team Leading

Salary related reviews for HDFC Life

3.4

Rated by 3 employees for salary & benefits

Cluster Manager in As Cluster Manager U Have To Operate From Different Branches On Daily Basis They Say It Is Branch Vi

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 20 Sep 2022

2.0

for Salary and Benefits

Likes

Everything good except salary Package They are promoting internal people on same package as fls .. No increment no Hike While if they Recruit external peopl on Cluster Manager role they get good hike Which basically means they push their Cluster Manager for switch if they need hike Salary package is only concern which push internal CSM to switch rest company is very Good

Dislikes

Here fls and Cluster get same Salary And all the kpi cluster manager is responsible

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

Relationship Manager in Bhubaneswar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 05 May 2024

2.0

for Salary and Benefits

Likes

Big brand. People know the brand very well

Dislikes

Less salary compare to psu. Even clerk of psu bank get more than a manager grade of hdfc. Bonus and incentives at junior grade not that good. Only boss and team managers will get good salary here . No travel claims are given.

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 19 Aug 2023

1.0

for Salary and Benefits

Likes

Flexibility of work from home.

Dislikes

...nt is not supportive and the way they communicate with lower levels is terrible. Salary structure is horrible and shift hours are expected for 12 to 14 hrs a day

see more salary related reviews

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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?

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HDFC Life Cluster Manager Salary FAQs

What is the salary of Cluster Manager at HDFC Life Bangalore / Bengaluru?

Cluster Manager salary at HDFC Life in Bangalore / Bengaluru ranges between ₹7.0 Lakhs to ₹10.6 Lakhs for experience between 5 years to 15 years. According to our estimates it is 2% less than the average Cluster Manager Salary in India. Salary estimates are based on 17 latest salaries received from various employees of HDFC Life Bangalore / Bengaluru.

How does the salary of a Cluster Manager at HDFC Life Bangalore / Bengaluru compare with the average salary range for this job?

The average salary of a Cluster Manager at HDFC Life is 2% less than the average salary of a Cluster Manager in Bangalore / Bengaluru. To know exact salary insights, login to view.

What are the top skills required to work as a Cluster Manager at HDFC Life?

Team Handling, Leadership Skills, Presentation Skills, Interpersonal Skills and Life Insurance are some of the popular skills required to work as a Cluster Manager at HDFC Life Bangalore / Bengaluru.

Which similar companies are paying more than HDFC Life to a Cluster Manager in Bangalore / Bengaluru?

Tata AIA Life Insurance Cluster Manager Salary - ₹6.0 Lakhs to ₹15.0 Lakhs per year
Max Life Insurance Cluster Manager Salary - ₹6.6 Lakhs to ₹12.5 Lakhs per year
Bajaj Allianz Life Insurance Cluster Manager Salary - ₹8.5 Lakhs to ₹12.0 Lakhs per year

What is the salary of a Cluster Manager in companies similar to HDFC Life in Bangalore / Bengaluru?

Aditya Birla Sun Life Insurance Cluster Manager Salary - ₹6.0 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindara Life Insurance Cluster Manager Salary - ₹7.0 Lakhs to ₹8.0 Lakhs per year
Care Health Insurance Cluster Manager Salary - ₹4.0 Lakhs to ₹5.3 Lakhs per year

What is the estimated take home salary of a Cluster Manager at HDFC Life in Bangalore / Bengaluru?

The estimated take-home salary of a Cluster Manager at HDFC Life ranges between ₹66,439 per month to ₹68,138 per month in Bangalore / Bengaluru. The take-home salary calculation is based on the average HDFC Life Cluster Manager salary in India which ranges between ₹7.0 Lakhs to ₹10.6 Lakhs per year for employees with experience between 5 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager at HDFC Life in Bangalore / Bengaluru?

According to AmbitionBox, 52% of the HDFC Life Cluster Managers in Bangalore / Bengaluru reported a notice period of 3 Months, 24% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 21 responses on AmbitionBox in last 2 years.

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HDFC Life Cluster Manager Salaries in Bangalore / Bengaluru

HDFC Life Cluster Manager salary in Bangalore / Bengaluru ranges between ₹7 Lakhs to ₹10.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 17 HDFC Life latest salaries received from various employees of HDFC Life.