HDFC Life Mumbai Sales Development Bancassurance Manager Salaries by 10+ Employees (Updated 2025)

0 - 4 years exp.

₹2.2 Lakhs - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

6% more than the average Sales Development Bancassurance Manager Salary in Insurance Companies for 0 - 4 years of experience

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Salaries in different departments

Sales & Business Development Sales Development Bancassurance Manager Salary 2 - 3 years exp. (4 salaries)	₹3.1 L/yr - ₹3.6 L/yr
BFSI, Investments & Trading Sales Development Bancassurance Manager Salary 1 - 2 years exp. (3 salaries)	₹3.3 L/yr - ₹4 L/yr
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Customer Success, Service & Operations Sales Development Bancassurance Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr
Finance & Accounting Sales Development Bancassurance Manager Salary 1 year exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.3 L/yr

Last Updated: 1 Mar 2025

Sales Development Bancassurance Manager salary at HDFC Life ranges between ₹2.2 Lakhs to ₹4 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 17 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Sales Development Bancassurance Manager in Mumbai

1mo ago

₹2.5 Lakhs

4 years exp.

1mo ago

₹3.6 Lakhs

3 years exp.

2mo ago

₹4 Lakhs

2 years exp.

7mo ago

₹3.4 Lakhs

1 year exp.

7mo ago

₹3.6 Lakhs

2 years exp.

1y ago

1 year exp.

1y ago

4 years exp.

1y ago

2 years exp.

1y ago

3 years exp.

1y ago

2 years exp.

Experience wise HDFC Life Sales Development Bancassurance Manager salaries in Mumbai

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
1 year (4 salaries)	₹2.2 L/yr - ₹3.4 L/yr
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2 years (5 salaries)	₹2.5 L/yr - ₹4 L/yr
3 years (4 salaries)	₹2.5 L/yr - ₹3.6 L/yr
4 years (3 salaries)	₹2.5 L/yr - ₹3.5 L/yr

Similar Designation salaries in HDFC Life

Senior Corporate Agency Manager Salary

(225 salaries)

₹2.75 L/yr - ₹5.75 L/yr

Business Development Manager Salary

(191 salaries)

₹1.9 L/yr - ₹5 L/yr

Bancassurance Manager Salary

(140 salaries)

₹3.3 L/yr - ₹7 L/yr

Assistant Sales Manager Salary

(50 salaries)

₹3.2 L/yr - ₹5.5 L/yr

Senior Relationship Manager Salary

(26 salaries)

₹2.2 L/yr - ₹4.15 L/yr

Top skills at HDFC Life for Sales Development Bancassurance Manager

banca sales Sales Executive Activities Life Insurance Bancassurance Insurance Sales Health Insurance Direct Sales Agency Sales Field Sales Insurance Advisory Agency Channel Insurance Broking

Salary related reviews for HDFC Life

3.5

Rated by 4 employees for salary & benefits

Sales Manager in Cuttack

Full Time

CSR & Social Service Department

4.0

• posted on 23 Mar 2025

2.0

for Salary and Benefits

Likes

The company has lots of data, They r learning you in first stage and after that they r find a way to indicate you wrongly.

Job security - Good

Dislikes

Less salary, no support from trainer, biggest layers, no leaves, no support from L1 and above, no motivation only needed business, so if u r afresher think twice before joining.

Salary - Poor

Corporate Agency Manager in Karnal

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.

Senior Corporate Agency Manager in Tirunelveli

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.

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.

Business Development Manager in Bijnor

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.

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.

Salary - Bad

+4 more

Senior Corporate Agency Manager in Bareilly

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...

Job security - Poor

+1 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

115 participants . poll closed

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HDFC Life Sales Development Bancassurance Manager Salary FAQs

What is the salary of Sales Development Bancassurance Manager at HDFC Life in Mumbai?

The average salary of a Sales Development Bancassurance Manager at HDFC Life in Mumbai typically ranges from ₹2.2 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Sales Development Bancassurance Manager in Mumbai at HDFC Life earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Sales Development Bancassurance Manager 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 10+ HDFC Life employees in India.

What is the estimated take home salary of a Sales Development Bancassurance Manager at HDFC Life in Mumbai?

The estimated take-home salary of a Sales Development Bancassurance Manager at HDFC Life in Mumbai typically ranges from ₹23,676 to ₹25,135 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 4 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 10+ salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Sales Development Bancassurance Manager at HDFC Life in Mumbai?

To be a Sales Development Bancassurance Manager at HDFC Life in Mumbai, the key skills required include:

- banca sales
- Sales Executive Activities
- Life Insurance
- Bancassurance
- Insurance Sales

These skills are highly valued at HDFC Life and are crucial for successful performance in a Software Engineering role.

How the salary growth look like for a Sales Development Bancassurance Manager at HDFC Life in Mumbai?

The salary growth for a Sales Development Bancassurance Manager at HDFC Life in Mumbai depends on factors such as experience, performance, and promotions. On average, a Sales Development Bancassurance Manager in Mumbai can expect the following growth trajectory at HDFC Life:

Experience	Average Salary Range
Fresher	₹2.9 Lakhs to ₹3.7 Lakhs per year
1 year	₹2.2 Lakhs to ₹3.4 Lakhs per year
2 years	₹2.5 Lakhs to ₹4.0 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.6 Lakhs per year

and so on.

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HDFC Life Sales Development Bancassurance Manager Salaries in Mumbai

HDFC Life Sales Development Bancassurance Manager salary in Mumbai ranges between ₹2.2 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 17 HDFC Life latest salaries received from various employees of HDFC Life.