HDFC Life Sales Manager Bancassurance Salaries by 20+ Employees

0 - 9 years exp.

₹1.8 Lakh - ₹7 Lakhs

Salary of majority employees

29% less than the average Sales Manager Bancassurance Salary in Insurance Companies for 0 - 9 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Sales Manager Bancassurance Salary 1 - 4 years exp. (6 salaries)	₹1.8 L/yr - ₹3.5 L/yr
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Sales & Business Development Sales Manager Bancassurance Salary 7 - 9 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹4 L/yr

Last Updated: 5 May 2024

Companies similar to HDFC Life for Sales Manager Bancassurance

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Sales Manager Bancassurance Salary 2 - 12 years exp. (18 salaries)	₹3.1 L/yr - ₹5.3 L/yr 28% more
ICICI Prudential Life Insurance Sales Manager Bancassurance Salary 1 - 10 years exp. (16 salaries)	₹5 L/yr - ₹10 L/yr 115% more
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ICICI Lombard General Insurance Company Sales Manager Bancassurance Salary 1 - 13 years exp. (14 salaries)	₹3 L/yr - ₹10.6 L/yr 96% more	2 job openings
Bajaj Allianz Life Insurance Sales Manager Bancassurance Salary 3 - 7 years exp. (12 salaries)	₹2.3 L/yr - ₹4.2 L/yr 11% more
Kotak Mahindara Life Insurance Sales Manager Bancassurance Salary 2 - 10 years exp. (7 salaries)	₹3.5 L/yr - ₹5.5 L/yr 43% more
PNB MetLife Sales Manager Bancassurance Salary 0 - 5 years exp. (6 salaries)	₹1.8 L/yr - ₹3.2 L/yr 26% less
Tata AIA Life Insurance Sales Manager Bancassurance Salary 3 - 5 years exp. (5 salaries)	₹2.3 L/yr - ₹4 L/yr 10% more
Reliance Nippon Life Insurance Sales Manager Bancassurance Salary 2 - 5 years exp. (4 salaries)	₹2.3 L/yr - ₹3.9 L/yr 2% less
Axis Max Life Insurance Sales Manager Bancassurance Salary 4 - 7 years exp. (4 salaries)	₹3.1 L/yr - ₹4.7 L/yr 11% more	2 job openings
Aditya Birla Sun Life Insurance Sales Manager Bancassurance Salary 0 - 11 years exp. (4 salaries)	₹2.2 L/yr - ₹6.5 L/yr 22% more

Sales Manager Bancassurance salary at HDFC Life ranges between ₹1.8 Lakh to ₹7 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 20 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Sales Manager Bancassurance salaries

Last Updated: 5 May 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	₹1.8 L/yr - ₹3 L/yr
1 year (3 salaries)	₹1.8 L/yr - ₹3.5 L/yr
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2 years (5 salaries)	₹2.5 L/yr - ₹3.3 L/yr
3 years (3 salaries)	₹1.2 L/yr - ₹4.2 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.2 L/yr
5 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
7 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4 L/yr
8 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
9 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4 L/yr

View all

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Top skills at HDFC Life for Sales Manager Bancassurance

Bancassurance Business Development Life Insurance Bancassurance Team Handling Branch Management Sales Strategy Branch Handling B2C Sales Team Leading Sales Initiatives Sales Management Branch Banking Corporate Sales

Salary related reviews for HDFC Life

4.4

Rated by 6 employees for salary & benefits

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

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

Corporate Agency Manager in Visakhapatnam

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 29 Sep 2023

3.0

for Salary and Benefits

Likes

They pay timely salary this only the thing

Dislikes

1. No work life balance 2. They will torture you 3. If you did not sell the policy they just try make you to purchase a policy for your family 4. There no holiday for bank holidays but it's banca channel 5.worth thing is hdfc bank doesn't like it's own policies and sell other products of tata and birla 6. There is no job security in hdfc life.. company don't remove you but the managers made you to resign So many are there like this

Skill development - Bad

+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

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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HDFC Life Sales Manager Bancassurance Salary FAQs

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

The average salary of a Sales Manager Bancassurance at HDFC Life in India typically ranges from ₹1.8 Lakhs to ₹7.0 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Sales Manager Bancassurance at HDFC Life earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Sales Manager Bancassurance 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 20+ HDFC Life employees in India.

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

The estimated take-home salary of a Sales Manager Bancassurance at HDFC Life in India typically ranges from ₹22,608 to ₹24,083 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from Fresher to 9 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 20+ 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 Manager Bancassurance at HDFC Life ?

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

- Bancassurance
- Business Development
- Life Insurance
- Bancassurance
- Team Handling

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

Which companies offer higher salaries than HDFC Life for Sales Manager Bancassurance in India?

ICICI Prudential Life Insurance	₹5.0 Lakhs to ₹10.0 Lakhs per year
ICICI Lombard General Insurance Company	₹3.0 Lakhs to ₹10.6 Lakhs per year
Kotak Mahindara Life Insurance	₹3.5 Lakhs to ₹5.5 Lakhs per year
HDFC Ergo General Insurance	₹3.1 Lakhs to ₹5.3 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.2 Lakhs to ₹6.5 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 Sales Manager Bancassurance in companies similar to HDFC Life in India?

The salary of a Sales Manager Bancassurance at companies similar to HDFC Life in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Max Life Insurance	₹3.1 Lakhs to ₹4.7 Lakhs per year
Bajaj Allianz Life Insurance	₹2.3 Lakhs to ₹4.2 Lakhs per year
Tata AIA Life Insurance	₹2.3 Lakhs to ₹4.0 Lakhs per year
Reliance Nippon Life Insurance	₹2.3 Lakhs to ₹3.9 Lakhs per year
PNB MetLife	₹1.8 Lakhs to ₹3.2 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 Sales Manager Bancassurance at HDFC Life in India?

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

Experience	Average Salary Range
Fresher	₹1.8 Lakhs to ₹3.0 Lakhs per year
1 year	₹1.8 Lakhs to ₹3.5 Lakhs per year
2 years	₹2.5 Lakhs to ₹3.3 Lakhs per year
3 years	₹1.2 Lakhs to ₹4.2 Lakhs per year

and so on.

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HDFC Life Sales Manager Bancassurance Salaries

HDFC Life Sales Manager Bancassurance salary in India ranges between ₹1.8 Lakh to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 HDFC Life latest salaries received from various employees of HDFC Life.