HDFC Life Mumbai Territory Manager Bancassurance Salaries by 3 Employees

13 - 17 years exp.

₹5 Lakhs - ₹16 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

8% more than the average Territory Manager Bancassurance Salary in Insurance Companies for 13 - 17 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Territory Manager Bancassurance Salary 13 - 17 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹13.3 L/yr
Login to view exact salary
Sales & Business Development Territory Manager Bancassurance Salary 15 years exp. (AmbitionBox Estimate)	₹9.9 L/yr - ₹16 L/yr

Last Updated: 17 Jan 2024

Companies similar to HDFC Life for Territory Manager Bancassurance in Mumbai

HDFC Life Territory Manager Bancassurance Salary

13 - 17 years exp. (3 salaries)

₹5 L/yr - ₹16 L/yr

Company name	Avg Annual Salary	Open Jobs
PNB MetLife Territory Manager Bancassurance Salary 6 - 12 years exp. (3 salaries)	₹7.7 L/yr - ₹9.8 L/yr 26% less

Territory Manager Bancassurance salary at HDFC Life ranges between ₹5 Lakhs to ₹16 Lakhs per year for employees with experience between 13 years to 17 years. Salary estimates are based on 3 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Territory Manager Bancassurance salaries in Mumbai

Last Updated: 17 Jan 2024

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹13.3 L/yr
14 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.6 L/yr
Login to view exact salary
15+ years (AmbitionBox Estimate)	₹11.4 L/yr - ₹14.6 L/yr

Similar Designation salaries in HDFC Life

Senior Corporate Agency Manager Salary

(225 salaries)

₹2.75 L/yr - ₹5.75 L/yr

Corporate Agency Manager Salary

(157 salaries)

₹2 L/yr - ₹5.08 L/yr

Sales Development Manager Salary

(148 salaries)

₹1.5 L/yr - ₹4 L/yr

Bancassurance Manager Salary

(140 salaries)

₹3.3 L/yr - ₹7 L/yr

Relationship Manager Salary

(94 salaries)

₹2 L/yr - ₹5 L/yr

Senior Corporate Sales Manager Salary

(32 salaries)

₹4.6 L/yr - ₹12.72 L/yr

Branch Manager Salary

(31 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Cluster Manager Salary

(27 salaries)

₹6 L/yr - ₹12.5 L/yr

Senior Relationship Manager Salary

(26 salaries)

₹2.2 L/yr - ₹4.15 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

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.

Senior Corporate Agency Manager in Bareilly

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...

Job security - Poor

+1 more

Corporate Agency Manager in Indore

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.

Salary - Bad

+6 more

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

84 participants . expiring in 3d

Got a question about HDFC Life?

Ask anonymously on communities.

HDFC Life Territory Manager Bancassurance Salary FAQs

How the salary growth look like for a Territory Manager Bancassurance at HDFC Life in Mumbai?

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

Experience	Average Salary Range
13 years	₹10.4 Lakhs to ₹13.3 Lakhs per year
14 years	₹10.7 Lakhs to ₹13.6 Lakhs per year
15 years	₹11.4 Lakhs to ₹14.6 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
HDFC Life Salaries >
HDFC Life Territory Manager Bancassurance Salaries >
HDFC Life Territory Manager Bancassurance Salaries in Mumbai

HDFC Life Territory Manager Bancassurance salary in Mumbai ranges between ₹5 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 HDFC Life latest salaries received from various employees of HDFC Life.