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HDFC Life Territory Manager Bancassurance salaries in India

Annual salary range
8 - 19 years exp.
₹5.4 Lakhs - ₹20 Lakhs
Salary of majority employees
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31% more than the average Territory Manager Bancassurance Salary in Insurance Companies for 8 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Territory Manager Bancassurance Salary
8 - 19 years exp. (9 salaries)
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₹5.5 L/yr - ₹17.4 L/yr

Sales & Business Development
Territory Manager Bancassurance Salary
9 - 17 years exp. (6 salaries)
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₹6 L/yr - ₹20 L/yr

Marketing & Communication
Territory Manager Bancassurance Salary
13 - 15 years exp. (3 salaries)
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₹11.5 L/yr - ₹15 L/yr

Last Updated: 17 Jan 2024

Companies similar to HDFC Life for Territory Manager Bancassurance

Company name Avg Annual Salary Open Jobs
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₹6.5 L/yr - ₹9.8 L/yr

arrow icon 38% less
2 job openings
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₹5.5 L/yr - ₹7 L/yr

arrow icon 52% less
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₹2.6 L/yr - ₹6 L/yr

arrow icon 60% less
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₹13.5 L/yr - ₹17 L/yr

arrow icon 18% more
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₹7 L/yr - ₹7.9 L/yr

arrow icon 43% less
Territory Manager Bancassurance salary at HDFC Life ranges between ₹5.4 Lakhs to ₹20 Lakhs per year for employees with experience between 8 years to 19 years. Salary estimates are based on 18 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Territory Manager Bancassurance

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9 years exp.
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8 years exp.
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13 years exp.
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17 years exp.
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15 years exp.
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19 years exp.
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17 years exp.

Experience wise HDFC Life Territory Manager Bancassurance salaries

Last Updated: 17 Jan 2024

Experience Avg Annual Salary
8 years (AmbitionBox Estimate)

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₹6.2 L/yr - ₹20.8 L/yr
9 years (AmbitionBox Estimate)

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₹6 L/yr - ₹21.3 L/yr
10 years (AmbitionBox Estimate)

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₹10.9 L/yr - ₹14 L/yr
11 years (AmbitionBox Estimate)

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₹12 L/yr - ₹22.4 L/yr
12 years (AmbitionBox Estimate)

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₹11.4 L/yr - ₹14.6 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
(283 salaries)
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₹5 L/yr - ₹12 L/yr
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₹2.25 L/yr - ₹6.5 L/yr
Branch Manager Salary
(260 salaries)
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₹5.25 L/yr - ₹12.5 L/yr
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₹5.5 L/yr - ₹14 L/yr

Top skills at HDFC Life for Territory Manager Bancassurance

banca sales Life Insurance Bancassurance Territory Management LI Business Growth Sales Banking

Salary related reviews for HDFC Life

5.0

Rated by 1 employees for salary & benefits

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

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 *

read more
  • Salary - Poor
  • +6 more

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,

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  • Salary - Bad
  • +1 more

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

read more
  • Skill development - Bad
  • +5 more
see more salary related reviews

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HDFC Life Territory Manager Bancassurance Salary FAQs

What is the salary of Territory Manager Bancassurance at HDFC Life ?
The average salary of a Territory Manager Bancassurance at HDFC Life in India typically ranges from ₹5.4 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 8 years to 19 years).

The top 10% of Territory Manager Bancassurance at HDFC Life earn more than ₹17.1 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Territory 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 10+ HDFC Life employees in India.
What is the estimated take home salary of a Territory Manager Bancassurance at HDFC Life in India?
The estimated take-home salary of a Territory Manager Bancassurance at HDFC Life in India typically ranges from ₹91,828 to ₹94,285 per month. This is based on the average salary range of ₹5.4 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 8 years to 19 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 Territory Manager Bancassurance at HDFC Life ?
To be a Territory Manager Bancassurance at HDFC Life in india, the key skills required include:

  • - banca sales
  • - Life Insurance
  • - Bancassurance
  • - Territory Management
  • - LI

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 Territory Manager Bancassurance in India?
Bajaj Allianz Life Insurance ₹13.5 Lakhs to ₹17.0 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 Territory Manager Bancassurance in companies similar to HDFC Life in India?
The salary of a Territory 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:

PNB MetLife ₹6.5 Lakhs to ₹9.8 Lakhs per year
HDFC Ergo General Insurance ₹7.0 Lakhs to ₹7.9 Lakhs per year
Tata AIA Life Insurance ₹5.5 Lakhs to ₹7.0 Lakhs per year
ICICI Prudential Life Insurance ₹2.6 Lakhs to ₹6.0 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 Territory Manager Bancassurance at HDFC Life in India?
The salary growth for a Territory Manager Bancassurance at HDFC Life depends on factors such as experience, performance, and promotions. On average, a Territory Manager Bancassurance can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
8 years ₹6.2 Lakhs to ₹20.8 Lakhs per year
9 years ₹6.0 Lakhs to ₹21.3 Lakhs per year
10 years ₹10.9 Lakhs to ₹14.0 Lakhs per year
11 years ₹12.0 Lakhs to ₹22.4 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Life Territory Manager Bancassurance salary in India ranges between ₹5.4 Lakhs to ₹20 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 18 HDFC Life latest salaries received from various employees of HDFC Life.