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

4 - 9 years exp.

₹5.2 Lakhs - ₹7.7 Lakhs

Salary of majority employees

At par with the average Senior Bancassurance Manager Salary in Insurance Companies for 4 - 9 years of experience

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Salaries in different departments

Sales & Business Development Senior Bancassurance Manager Salary 6 - 9 years exp. (6 salaries)	₹5.2 L/yr - ₹7.7 L/yr
BFSI, Investments & Trading Senior Bancassurance Manager Salary 5 - 8 years exp. (4 salaries)	₹6.5 L/yr - ₹7 L/yr
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Marketing & Communication Senior Bancassurance Manager Salary 4 - 7 years exp. (3 salaries)	₹6.8 L/yr - ₹7.2 L/yr
Customer Success, Service & Operations Senior Bancassurance Manager Salary 5 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹6.7 L/yr
Finance & Accounting Senior Bancassurance Manager Salary 8 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹6.7 L/yr

Last Updated: 8 Mar 2025

Companies similar to HDFC Life for Senior Bancassurance Manager in Mumbai

HDFC Life Senior Bancassurance Manager Salary

4 - 9 years exp. (15 salaries)

₹5.2 L/yr - ₹7.7 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Senior Bancassurance Manager Salary 4 - 6 years exp. (3 salaries)	₹4 L/yr - ₹6.2 L/yr 10% less

Senior Bancassurance Manager salary at HDFC Life ranges between ₹5.2 Lakhs to ₹7.7 Lakhs per year for employees with experience between 4 years to 9 years. Salary estimates are based on 15 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Senior Bancassurance Manager salaries in Mumbai

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.6 L/yr
5 years (3 salaries)	₹5.5 L/yr - ₹7.2 L/yr
Login to view exact salary
6 years (4 salaries)	₹5.2 L/yr - ₹7.7 L/yr
7 years (3 salaries)	₹6.5 L/yr - ₹7 L/yr
8 years (3 salaries)	₹5.5 L/yr - ₹7 L/yr
9 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr

View all

From

Senior Bancassurance Manager

₹

Lakhs/yr

2 - 10 years exp.

Senior Manager

₹

Lakhs/yr

2 - 20 years exp.

Senior Bancassurance Manager

2 - 10 years exp.

Corporate Manager

1 - 17 years exp.

15% hike

Senior Corporate Sales Manager

6 - 18 years exp.

46% hike

From

View 4 more levels

Senior Bancassurance Manager

2 - 10 years exp.

Associate Head Regional

13 - 22 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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Bancassurance Manager Salary

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Assistant Sales Manager Salary

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Senior Relationship Manager Salary

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₹2.2 L/yr - ₹4.15 L/yr

Sales Development Bancassurance Manager Salary

(16 salaries)

₹2.15 L/yr - ₹3.6 L/yr

Salary related reviews for HDFC Life

3.0

Rated by 4 employees for salary & benefits

Senior Bancassurance Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 03 Aug 2023

4.0

for Salary and Benefits

Likes

Salary and perks are pretty good. Company policy,self learning and development are well defined. Management is very supportive. Work life balance is pretty good.

Salary - Good

+5 more

Dislikes

Group insurance benefit quite less. It should be increased. Adding beneficiaries is quite costly. In health insurance part only two beneficiaries can be added. Apart from spouse and two children, two more beneficiaries should be allowed to add with some extra cost.

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

see more salary related reviews

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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HDFC Life Senior Bancassurance Manager Salary FAQs

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

The average salary of a Senior Bancassurance Manager at HDFC Life in Mumbai typically ranges from ₹5.2 Lakhs to ₹7.7 Lakhs per year, depending on experience (from 4 years to 9 years).

The top 10% of Senior Bancassurance Manager in Mumbai at HDFC Life earn more than ₹7.6 Lakhs per year, and the top 1% earn over ₹7.7 Lakhs per year. Senior 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 Senior Bancassurance Manager at HDFC Life in Mumbai?

The estimated take-home salary of a Senior Bancassurance Manager at HDFC Life in Mumbai typically ranges from ₹51,108 to ₹52,313 per month. This is based on the average salary range of ₹5.2 Lakhs to ₹7.7 Lakhs per year for employees with experience ranging from 4 years 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 10+ salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Senior Bancassurance Manager in companies similar to HDFC Life in Mumbai?

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

Tata AIA Life Insurance

₹4.0 Lakhs to ₹6.2 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 Senior Bancassurance Manager at HDFC Life in Mumbai?

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

Experience	Average Salary Range
4 years	₹6.0 Lakhs to ₹7.6 Lakhs per year
5 years	₹5.5 Lakhs to ₹7.2 Lakhs per year
6 years	₹5.2 Lakhs to ₹7.7 Lakhs per year
7 years	₹6.5 Lakhs to ₹7.0 Lakhs per year

and so on.

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HDFC Life Senior Bancassurance Manager Salaries in Mumbai

HDFC Life Senior Bancassurance Manager salary in Mumbai ranges between ₹5.2 Lakhs to ₹7.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 HDFC Life latest salaries received from various employees of HDFC Life.