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HDFC Life Sales Manager Bancassurance salaries in India

Annual salary range
0 - 9 years exp.
₹1.8 Lakh - ₹7 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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

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Salaries in different departments

BFSI, Investments & Trading
Sales Manager Bancassurance Salary
1 - 4 years exp. (6 salaries)
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₹1.8 L/yr - ₹3.5 L/yr

Sales & Business Development
Sales Manager Bancassurance Salary
7 - 9 years exp. (AmbitionBox Estimate)
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₹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
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₹3.1 L/yr - ₹5.3 L/yr

arrow icon 28% more
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₹5 L/yr - ₹10 L/yr

arrow icon 115% more
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₹3 L/yr - ₹10.6 L/yr

arrow icon 96% more
2 job openings
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₹2.3 L/yr - ₹4.2 L/yr

arrow icon 11% more
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₹3.5 L/yr - ₹5.5 L/yr

arrow icon 43% more
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₹1.8 L/yr - ₹3.2 L/yr

arrow icon 26% less
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₹2.3 L/yr - ₹4 L/yr

arrow icon 10% more
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₹2.3 L/yr - ₹3.9 L/yr

arrow icon 4% less
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₹3.1 L/yr - ₹4.7 L/yr

arrow icon 11% more
1 job opening
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₹2.2 L/yr - ₹6.5 L/yr

arrow icon 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.

Latest annual salaries shared by HDFC Life Sales Manager Bancassurance

8mo ago
₹2.5 Lakhs
7 years exp.
1y ago
₹2.5 Lakhs
2 years exp.
1y ago
₹4 Lakhs
9 years exp.
1y ago
₹3.5 Lakhs
1 year exp.
1y ago
₹1.8 Lakh
1 year exp.
1y ago
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4 years exp.
1y ago
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7 years exp.
1y ago
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3 years exp.
1y ago
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4 years exp.
1y ago
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9 months exp.

Experience wise HDFC Life Sales Manager Bancassurance salaries

Last Updated: 5 May 2024

Experience Avg Annual Salary
Fresher  (3 salaries)

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₹1.8 L/yr - ₹3 L/yr
1 year  (3 salaries)

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₹1.8 L/yr - ₹3.5 L/yr
2 years  (5 salaries)

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₹2.5 L/yr - ₹3.3 L/yr
3 years  (3 salaries)

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₹1.2 L/yr - ₹4.2 L/yr
4 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.2 L/yr
View all

Similar Designation salaries in HDFC Life

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₹2.75 L/yr - ₹6 L/yr
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₹1.8 L/yr - ₹5.08 L/yr
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₹3 L/yr - ₹7 L/yr
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₹1.45 L/yr - ₹4.6 L/yr
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₹1.7 L/yr - ₹5 L/yr
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₹2 L/yr - ₹5 L/yr
Cluster Manager Salary
(306 salaries)
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₹5.25 L/yr - ₹12.65 L/yr
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₹2.25 L/yr - ₹6.5 L/yr
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₹5.4 L/yr - ₹14 L/yr
Branch Manager Salary
(259 salaries)
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₹5.25 L/yr - ₹12.5 L/yr

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

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.

read more

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.

read more
  • 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.

read more

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...

read more
  • Job security - Poor
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 27 Jan 2025

1.0
 for  Salary and Benefits

Likes

There is nothing to like about this company

Dislikes

HDFC Life primarily exploits its employees by imposing excessive work pressure and making unnecessary salary deductions. They promise promotions twice a year, but these commitments are often ignored due to office politics. There is a notable lack of job security, and the company does not provide any training during the induction process. Employees are expected to perform tasks without proper guidance. The company culture is poor; it relies solely on its brand name while subjecting employees to undue stress. There is a lack of transparency regarding targets and achievements, leading to significant mental pressure. As a result, the work-life balance is severely affected, and most employees do not feel valued in this environment.

read more
  • Salary - Bad
  • +6 more

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

read more
  • Promotions - Bad
  • +2 more
see more salary related reviews

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