HDFC Life Territory Manager Bancassurance Salaries by 10+ Employees (Updated 2024)

8 - 19 years exp.

₹5.4 Lakhs - ₹20 Lakhs

Salary of majority employees

32% 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)	₹5.5 L/yr - ₹17.4 L/yr
Sales & Business Development Territory Manager Bancassurance Salary 9 - 17 years exp. (6 salaries)	₹6 L/yr - ₹20 L/yr
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Marketing & Communication Territory Manager Bancassurance Salary 13 - 15 years exp. (3 salaries)	₹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
ICICI Prudential Life Insurance Territory Manager Bancassurance Salary 1 - 4 years exp. (4 salaries)	₹2.6 L/yr - ₹6 L/yr 60% less
Bajaj Allianz Life Insurance Territory Manager Bancassurance Salary 13 - 15 years exp. (4 salaries)	₹13.5 L/yr - ₹17 L/yr 18% more
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Tata AIA Life Insurance Territory Manager Bancassurance Salary 4 - 18 years exp. (5 salaries)	₹5.5 L/yr - ₹7 L/yr 52% less	1 job opening
PNB MetLife Territory Manager Bancassurance Salary 5 - 15 years exp. (17 salaries)	₹6.3 L/yr - ₹9 L/yr 40% less
HDFC Ergo General Insurance Territory Manager Bancassurance Salary 8 - 15 years exp. (4 salaries)	₹7 L/yr - ₹7.9 L/yr 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.

Experience wise HDFC Life Territory Manager Bancassurance salaries

Last Updated: 17 Jan 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹20.8 L/yr
9 years (AmbitionBox Estimate)	₹6 L/yr - ₹21.3 L/yr
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10 years (AmbitionBox Estimate)	₹10.9 L/yr - ₹14 L/yr
11 years (AmbitionBox Estimate)	₹12 L/yr - ₹22.4 L/yr
12 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹14.6 L/yr
13 years (3 salaries)	₹5.2 L/yr - ₹23.4 L/yr
14 years (3 salaries)	₹12 L/yr - ₹15 L/yr
15+ years (9 salaries)	₹9.9 L/yr - ₹20 L/yr

View all

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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

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

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

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 *

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 ...

Dislikes

Salary increment problem... promotion criteria too hard.. even new fresher staff Haring with high salary but old staff salary not increase,

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

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.

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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HDFC Life Territory Manager Bancassurance Salary FAQs

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

Territory Manager Bancassurance salary at HDFC Life in India ranges between ₹5.4 Lakhs to ₹20.0 Lakhs for experience between 8 years to 19 years. According to our estimates it is 32% more than the average Territory Manager Bancassurance Salary in India. Salary estimates are based on 18 latest salaries received from various employees of HDFC Life India.

How does the salary of a Territory Manager Bancassurance at HDFC Life India compare with the average salary range for this job?

The average salary of a Territory Manager Bancassurance at HDFC Life is 32% more than the average salary of a Territory Manager Bancassurance in India. To know exact salary insights, login to view.

What are the top skills required to work as a Territory Manager Bancassurance at HDFC Life?

banca sales, Life Insurance, Bancassurance, Territory Management and LI are some of the popular skills required to work as a Territory Manager Bancassurance at HDFC Life India.

Which similar companies are paying more than HDFC Life to a Territory Manager Bancassurance in India?

Bajaj Allianz Life Insurance Territory Manager Bancassurance Salary - ₹13.5 Lakhs to ₹17.0 Lakhs per year

What is the salary of a Territory Manager Bancassurance in companies similar to HDFC Life in India?

PNB MetLife Territory Manager Bancassurance Salary - ₹6.3 Lakhs to ₹9.0 Lakhs per year
HDFC Ergo General Insurance Territory Manager Bancassurance Salary - ₹7.0 Lakhs to ₹7.9 Lakhs per year
Tata AIA Life Insurance Territory Manager Bancassurance Salary - ₹5.5 Lakhs to ₹7.0 Lakhs per year
ICICI Prudential Life Insurance Territory Manager Bancassurance Salary - ₹2.6 Lakhs to ₹6.0 Lakhs per year

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 ranges between ₹91,828 per month to ₹94,285 per month in India. The take-home salary calculation is based on the average HDFC Life Territory Manager Bancassurance salary in India which ranges between ₹5.4 Lakhs to ₹20.0 Lakhs per year for employees with experience between 8 years to 19 years. Check how did we calculate take home salary?

What is the notice period for Territory Manager Bancassurance at HDFC Life?

According to AmbitionBox, 75% of the HDFC Life Territory Manager Bancassurances reported a notice period of 3 Months, 13% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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HDFC Life Territory Manager Bancassurance Salaries

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