HDFC Life Indore Cluster Manager Salaries by 4 Employees (Updated 2025)

8 - 9 years exp.

₹7 Lakhs - ₹10.9 Lakhs

Salary of majority employees

12% less than the average Cluster Manager Salary in Insurance Companies for 8 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 8 - 9 years exp. (3 salaries)	₹7 L/yr - ₹10 L/yr
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Sales & Business Development Cluster Manager Salary 9 years exp. (AmbitionBox Estimate)	₹8.7 L/yr - ₹10.9 L/yr

Last Updated: 11 Oct 2024

Companies similar to HDFC Life for Cluster Manager in Indore

HDFC Life Cluster Manager Salary

8 - 9 years exp. (4 salaries)

₹7 L/yr - ₹10.9 L/yr

Company name	Avg Annual Salary	Open Jobs
Stanza Living Cluster Manager Salary 6 - 12 years exp. (13 salaries)	₹5.8 L/yr - ₹15 L/yr 12% more	1 job opening
IDFC FIRST Bank Cluster Manager Salary 8 - 14 years exp. (10 salaries)	₹9.5 L/yr - ₹19.2 L/yr 50% more
Login to view exact salary
Ujjivan Small Finance Bank Cluster Manager Salary 8 - 14 years exp. (9 salaries)	₹6.4 L/yr - ₹10 L/yr 12% less	1 job opening
Goodluck Edumedia Cluster Manager Salary 12 - 15 years exp. (8 salaries)	₹7.7 L/yr - ₹9.8 L/yr 5% less
SMFG India Credit Cluster Manager Salary 10 - 17 years exp. (6 salaries)	₹9 L/yr - ₹22.1 L/yr 39% more

Cluster Manager salary at HDFC Life ranges between ₹7 Lakhs to ₹10.9 Lakhs per year for employees with experience between 8 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Cluster Manager salaries in Indore

Last Updated: 11 Oct 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹7 L/yr - ₹10 L/yr
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9 years (AmbitionBox Estimate)	₹7 L/yr - ₹10.9 L/yr

From

Cluster Manager

₹

Lakhs/yr

5 - 16 years exp.

Associate Head Regional

₹

Lakhs/yr

13 - 22 years exp.

Cluster Manager 5 - 16 years exp.

Senior Cluster Manager 6 - 20 years exp.

14% hike

Circle Head 9 - 21 years exp.

46% hike

From

2 more levels

Cluster Manager

5 - 16 years exp.

Senior Manager

2 - 18 years exp.

Similar Designation salaries in HDFC Life

Relationship Manager Salary

(24 salaries)

₹1.8 L/yr - ₹4.5 L/yr

Branch Manager Salary

(10 salaries)

₹6.5 L/yr - ₹10.3 L/yr

Area Sales Manager Salary

(4 salaries)

₹3.2 L/yr - ₹6 L/yr

Territory Manager Salary

(3 salaries)

₹10.75 L/yr - ₹16 L/yr

Top skills at HDFC Life for Cluster Manager

Leadership Skills Team Handling Presentation Skills Interpersonal Skills Team Handling Life Insurance Insurance Stock Broking Brokerage outbound Life Insurance Insurance Broking Communication Skills Team Leading Brocade

Salary related reviews for HDFC Life

5.0

Rated by 1 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

Skill development - Excellent

+2 more

Dislikes

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

Salary - Poor

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

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

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.

Salary - Poor

+4 more

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.

Job security - Good

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

Salary - Bad

+5 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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HDFC Life Cluster Manager Salary FAQs

What is the salary of Cluster Manager at HDFC Life Indore?

Cluster Manager salary at HDFC Life in Indore ranges between ₹7.0 Lakhs to ₹10.9 Lakhs for experience between 8 years to 9 years. According to our estimates it is 12% less than the average Cluster Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life Indore.

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

The average salary of a Cluster Manager at HDFC Life is 12% less than the average salary of a Cluster Manager in Indore. To know exact salary insights, login to view.

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

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

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

IDFC FIRST Bank Cluster Manager Salary - ₹9.5 Lakhs to ₹19.2 Lakhs per year
SMFG India Credit Cluster Manager Salary - ₹9.0 Lakhs to ₹22.1 Lakhs per year
Stanza Living Cluster Manager Salary - ₹5.8 Lakhs to ₹15.0 Lakhs per year

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

Goodluck Edumedia Cluster Manager Salary - ₹7.7 Lakhs to ₹9.8 Lakhs per year
Ujjivan Small Finance Bank Cluster Manager Salary - ₹6.4 Lakhs to ₹10.0 Lakhs per year

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

The estimated take-home salary of a Cluster Manager at HDFC Life ranges between ₹65,137 per month to ₹66,799 per month in Indore. The take-home salary calculation is based on the average HDFC Life Cluster Manager salary in India which ranges between ₹7.0 Lakhs to ₹10.9 Lakhs per year for employees with experience between 8 years to 9 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the HDFC Life Cluster Managers in Indore reported a notice period of 2 Months, 33% reported a notice period of 3 Months.This is based on 6 responses on AmbitionBox in last 2 years.

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HDFC Life Cluster Manager Salaries in Indore

HDFC Life Cluster Manager salary in Indore ranges between ₹7 Lakhs to ₹10.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDFC Life latest salaries received from various employees of HDFC Life.