IndiaFirst Life Insurance Sales Manager Bancassurance Salaries by 4 Employees

8 - 10 years exp.

₹3.7 Lakhs - ₹4.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

6% less than the average Sales Manager Bancassurance Salary in Insurance Companies for 8 - 10 years of experience

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Last Updated: 14 Mar 2023

Companies similar to IndiaFirst Life Insurance for Sales Manager Bancassurance

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance Sales Manager Bancassurance Salary 1 - 14 years exp. (10 salaries)	₹2.4 L/yr - ₹5.8 L/yr 8% less
Aditya Birla Health Insurance Co Sales Manager Bancassurance Salary 4 - 7 years exp. (6 salaries)	₹3.2 L/yr - ₹4.5 L/yr 2% less
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PNB MetLife Sales Manager Bancassurance Salary 0 - 4 years exp. (6 salaries)	₹1.8 L/yr - ₹3.2 L/yr 44% less
Universal Sompo General Insurance Sales Manager Bancassurance Salary 2 - 15 years exp. (5 salaries)	₹2.2 L/yr - ₹5 L/yr 10% less
Royal Sundaram General Insurance Sales Manager Bancassurance Salary 4 - 9 years exp. (4 salaries)	₹3.4 L/yr - ₹4.5 L/yr 9% less
Bharti AXA Life Insurance Sales Manager Bancassurance Salary 2 - 9 years exp. (4 salaries)	₹4.5 L/yr - ₹5.6 L/yr 26% more
Aviva Life Insurance India Sales Manager Bancassurance Salary 5 - 16 years exp. (3 salaries)	₹3.8 L/yr - ₹5.5 L/yr 6% more
Ageas Federal Life Insurance Sales Manager Bancassurance Salary 8 - 13 years exp. (3 salaries)	₹6 L/yr - ₹7.2 L/yr 58% more
Future Generali India Life Insurance Sales Manager Bancassurance Salary 1 - 4 years exp. (3 salaries)	₹1.5 L/yr - ₹2.9 L/yr 33% less

Sales Manager Bancassurance salary at IndiaFirst Life Insurance ranges between ₹3.7 Lakhs to ₹4.5 Lakhs per year for employees with experience between 8 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of IndiaFirst Life Insurance.

Experience wise IndiaFirst Life Insurance Sales Manager Bancassurance salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
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10 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr

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Salary related reviews for IndiaFirst Life Insurance

5.0

Rated by 1 employees for salary & benefits

Insurance Adviser in Kolkata

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 06 Feb 2025

1.0

for Salary and Benefits

Likes

Office entry time is 11am

Work-life balance - Good

Dislikes

Don't join here at the post of Insurance Advisor. No fixed salary. You will get commission when you sales insurance policy. Your fixed salary will be started when you sale rupees 1.5 lakhs of policy. As a fresher you will struggle to get customers to sale policy as company will not provide leads. So you will not have any other options except convincing your family and relatives.

Salary - Bad

+4 more

Business Development Manager in Dimapur, Mokokchung

Full Time

Sales & Business Development Department

2.0

• posted on 28 Jan 2025

3.0

for Salary and Benefits

Likes

Constant training for improvement that's likeable

Dislikes

Reaching 100% target can never satisfy them while salary are not justifyable according to the work load. And management always scolding the employee while In my 8 months 6 of them resign due to over load work pressure and frequent scolding using inappropriate verbal

Job security - Bad

+3 more

Senior Business Development Management Executive in Kanpur

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Jun 2023

4.0

for Salary and Benefits

Likes

Such a lier leaders please request do not joing this campany salary high par mat jana kam chahe mam package meh kahi or join karlena. Lucknow meh inka office hai please if you want stay happy zara bhi please not join

Salary - Good

Dislikes

Working seven days hr still not say yo how mucj waste leader in this company pressure like lala ki dukkan 10am to 11 pm

Skill development - Bad

+5 more

Customer Care Executive in Mumbai

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 18 Feb 2019

5.0

for Salary and Benefits

Likes

This company is open to innovation and readly adopts latest technology, I have got lots of certificates and quite good experience and enjoyed moments of outing with coworkers .

Salary - Excellent

+6 more

Dislikes

Salary growth is too slow

Sales Manager in Chennai

BFSI, Investments & Trading Department

1.0

• posted on 29 Jun 2022

1.0

for Salary and Benefits

Likes

Company is good ,but hr is not helpful and Abh Mr.jegan jeevanadham is working on South tamilnadu hr is very cheap behaviour ,he suck your salary and buy medqls and gift for the branch manager ,he not even listen your words at any situation pls don't join , company is good but ABH are very bad

Dislikes

I like this company very much but Mr.Jegan jeevanadham is very bad while speaking and not given leave for any situation it including death also very worst I ever seen in my career

Salary - Bad

+6 more

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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IndiaFirst Life Insurance Sales Manager Bancassurance Salary FAQs

What is the salary of Sales Manager Bancassurance at IndiaFirst Life Insurance ?

The average salary of a Sales Manager Bancassurance at IndiaFirst Life Insurance in India typically ranges from ₹3.7 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 8 years to 10 years).

The top 10% of Sales Manager Bancassurance at IndiaFirst Life Insurance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Sales Manager Bancassurance Salaries at IndiaFirst Life Insurance 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 4 IndiaFirst Life Insurance employees in India.

What is the estimated take home salary of a Sales Manager Bancassurance at IndiaFirst Life Insurance in India?

The estimated take-home salary of a Sales Manager Bancassurance at IndiaFirst Life Insurance in India typically ranges from ₹30,937 to ₹32,237 per month. This is based on the average salary range of ₹3.7 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 8 years to 10 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 4 salaries received from various employees of IndiaFirst Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than IndiaFirst Life Insurance for Sales Manager Bancassurance in India?

Ageas Federal Life Insurance	₹6.0 Lakhs to ₹7.2 Lakhs per year
Bharti AXA Life Insurance	₹4.5 Lakhs to ₹5.6 Lakhs per year
Aviva Life Insurance India	₹3.8 Lakhs to ₹5.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IndiaFirst Life Insurance, depending on the role and experience level.

What is the salary of a Sales Manager Bancassurance in companies similar to IndiaFirst Life Insurance in India?

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

Aditya Birla Health Insurance Co	₹3.2 Lakhs to ₹4.5 Lakhs per year
Cholamandalam MS General Insurance	₹2.4 Lakhs to ₹5.8 Lakhs per year
Royal Sundaram General Insurance	₹3.4 Lakhs to ₹4.5 Lakhs per year
Universal Sompo General Insurance	₹2.2 Lakhs to ₹5.0 Lakhs per year
Future Generali India Life Insurance	₹1.5 Lakhs to ₹2.9 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 Sales Manager Bancassurance at IndiaFirst Life Insurance in India?

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

Experience	Average Salary Range
8 years	₹3.5 Lakhs to ₹4.4 Lakhs per year
9 years	₹3.8 Lakhs to ₹4.8 Lakhs per year
10 years	₹4.1 Lakhs to ₹5.2 Lakhs per year

and so on.

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IndiaFirst Life Insurance Sales Manager Bancassurance salary in India ranges between ₹3.7 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 IndiaFirst Life Insurance latest salaries received from various employees of IndiaFirst Life Insurance.