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HDFC Life Territory Manager Bancassurance salaries in Mumbai

Annual salary range
13 - 17 years exp.
₹5 Lakhs - ₹16 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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8% more than the average Territory Manager Bancassurance Salary in Insurance Companies for 13 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Territory Manager Bancassurance Salary
13 - 17 years exp. (AmbitionBox Estimate)
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₹5 L/yr - ₹13.3 L/yr

Sales & Business Development
Territory Manager Bancassurance Salary
15 years exp. (AmbitionBox Estimate)
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₹9.9 L/yr - ₹16 L/yr

Last Updated: 17 Jan 2024

Companies similar to HDFC Life for Territory Manager Bancassurance in Mumbai

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HDFC Life Territory Manager Bancassurance Salary

13 - 17 years exp. (3 salaries)

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₹5 L/yr - ₹16 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹7.7 L/yr - ₹9.8 L/yr

arrow icon 26% less
2 job openings
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.

Latest annual salaries shared by HDFC Life Territory Manager Bancassurance in Mumbai

1y ago
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13 years exp.
1y ago
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15 years exp.
1y ago
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17 years exp.

Experience wise HDFC Life Territory Manager Bancassurance salaries in Mumbai

Last Updated: 17 Jan 2024

Experience Avg Annual Salary
13 years (AmbitionBox Estimate)

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₹5 L/yr - ₹20.8 L/yr
14 years (AmbitionBox Estimate)

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₹10.7 L/yr - ₹13.6 L/yr
15+ years (AmbitionBox Estimate)

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₹9.9 L/yr - ₹16 L/yr

Similar Designation salaries in HDFC Life

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₹3 L/yr - ₹5.75 L/yr
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₹2 L/yr - ₹5.08 L/yr
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₹1.5 L/yr - ₹3.85 L/yr
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₹3.3 L/yr - ₹7 L/yr
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₹2 L/yr - ₹4.5 L/yr
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₹4.7 L/yr - ₹14 L/yr
Branch Manager Salary
(30 salaries)
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₹5.5 L/yr - ₹12.5 L/yr
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₹2.2 L/yr - ₹4.15 L/yr
Cluster Manager Salary
(26 salaries)
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₹6 L/yr - ₹11.46 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

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,

read more
  • 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
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HDFC Life Territory Manager Bancassurance Salary FAQs

What is the notice period for Territory Manager Bancassurance at HDFC Life in Mumbai?
According to AmbitionBox, 100% of the HDFC Life Territory Manager Bancassurances in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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