Tata AIA Life Insurance Cluster Manager Banca Salaries by 5 Employees (Updated 2025)

8 - 13 years exp.

₹7 Lakhs - ₹10 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

22% more than the average Cluster Manager Banca Salary in Insurance Companies for 8 - 13 years of experience

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Salaries in different departments

Sales & Business Development Cluster Manager Banca Salary 8 - 11 years exp. (3 salaries)	₹7 L/yr - ₹10 L/yr
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BFSI, Investments & Trading Cluster Manager Banca Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹9.6 L/yr

Last Updated: 14 Mar 2025

Companies similar to Tata AIA Life Insurance for Cluster Manager Banca

Company name	Avg Annual Salary	Open Jobs
HDFC Life Cluster Manager Banca Salary 7 - 16 years exp. (46 salaries)	₹7 L/yr - ₹11.5 L/yr 5% more
Aditya Birla Sun Life Insurance Cluster Manager Banca Salary 4 - 12 years exp. (41 salaries)	₹6 L/yr - ₹12.6 L/yr 7% less
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Star Health & Allied Insurance Cluster Manager Banca Salary 5 - 13 years exp. (22 salaries)	₹5 L/yr - ₹9.8 L/yr 24% less
Axis Max Life Insurance Cluster Manager Banca Salary 7 - 17 years exp. (13 salaries)	₹9 L/yr - ₹12.3 L/yr 23% more
Aditya Birla Health Insurance Co Cluster Manager Banca Salary 3 - 18 years exp. (9 salaries)	₹5.1 L/yr - ₹9 L/yr 19% less
Bajaj Allianz Life Insurance Cluster Manager Banca Salary 7 - 13 years exp. (9 salaries)	₹6 L/yr - ₹10 L/yr 10% less
Kotak Mahindara Life Insurance Cluster Manager Banca Salary 8 - 17 years exp. (7 salaries)	₹5.5 L/yr - ₹13 L/yr 2% more
Reliance Nippon Life Insurance Cluster Manager Banca Salary 9 - 11 years exp. (5 salaries)	₹4.4 L/yr - ₹6 L/yr 41% less
HDFC Ergo General Insurance Cluster Manager Banca Salary 3 - 8 years exp. (5 salaries)	₹4.6 L/yr - ₹4.9 L/yr 45% less
ICICI Prudential Life Insurance Cluster Manager Banca Salary 2 - 15 years exp. (4 salaries)	₹6.5 L/yr - ₹18 L/yr 18% more
SBI General Insurance Cluster Manager Banca Salary 12 - 17 years exp. (4 salaries)	₹7.5 L/yr - ₹10 L/yr At par
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ICICI Lombard General Insurance Company Cluster Manager Banca Salary 2 - 14 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 16% more
PNB MetLife Cluster Manager Banca Salary 6 - 8 years exp. (3 salaries)	₹4 L/yr - ₹5.8 L/yr 40% less

Cluster Manager Banca salary at Tata AIA Life Insurance ranges between ₹7 Lakhs to ₹10 Lakhs per year for employees with experience between 8 years to 13 years. Salary estimates are based on 5 latest salaries received from various employees of Tata AIA Life Insurance.

Experience wise Tata AIA Life Insurance Cluster Manager Banca salaries

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
9 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
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10 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
11 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.3 L/yr
12 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.8 L/yr
13 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr

View all

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Salary related reviews for Tata AIA Life Insurance

Rated by 2 employees for salary & benefits

Bancassurance Manager in Gurgaon / Gurugram

Full Time

Sales & Business Development Department

3.0

• posted on 15 Jan 2025

5.0

for Salary and Benefits

Likes

Salary and incentive

Salary - Excellent

+2 more

Dislikes

My CM Karan Bagga was not good , due to him I'm terminated from the organisation in the case of compliance audit ,,all whole sole is responsible for that. All sign documents was check under the supervision of Senior manager. My 4 year career is zero. I'm in the condition to suicide but thanks to my previous TSM Karan Singh who support me in my tuff situation. I would appreciate if this type of suffocating thing will not happen and make sure like My CM should not be working.

Skill development - Poor

+1 more

Relationship Manager in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

5.0

• posted on 23 Oct 2024

1.0

for Salary and Benefits

Likes

Yes

Skill development - Excellent

+3 more

Dislikes

...en to parents here the employee need to be paid to cover her parents Employees getting minimum salaries and in that minimum salary there is no benefits..

Salary - Bad

+1 more

Relationship Manager in Bangalore / Bengaluru

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 30 Sep 2024

1.0

for Salary and Benefits

Likes

Incentive sharing to the channel Partner Manager are never visit and interact with channel Partner

Skill development - Good

+2 more

Dislikes

Only bucket 🪣 people get promotion and timing change their salary correction. Than can fire 🔥 employee according to their wishes

Salary - Bad

+3 more

Relationship Manager in Gurgaon Sector 14

Insurance Department

5.0

• posted on 21 Aug 2021

5.0

for Salary and Benefits

Likes

...ironment and culture.Teammates are supportive and the management is transparent. Company policies are good appraisal are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow.There is a bond of 2 years before which you cannot resign.On the job training is not given to new joinees.

Relationship Manager in Mumbai

Customer Success, Service & Operations Department

5.0

• posted on 29 Jun 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is 2 months notice period criteria for confirmed employees.

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Salary Discussions, Hike & Promotions

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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Tata AIA Life Insurance Cluster Manager Banca Salary FAQs

What is the salary of Cluster Manager Banca at Tata AIA Life Insurance ?

The average salary of a Cluster Manager Banca at Tata AIA Life Insurance in India typically ranges from ₹7.0 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 8 years to 13 years).

The top 10% of Cluster Manager Banca at Tata AIA Life Insurance earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Cluster Manager Banca Salaries at Tata AIA 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 5 Tata AIA Life Insurance employees in India.

What is the estimated take home salary of a Cluster Manager Banca at Tata AIA Life Insurance in India?

The estimated take-home salary of a Cluster Manager Banca at Tata AIA Life Insurance in India typically ranges from ₹63,734 to ₹65,357 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 8 years to 13 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 5 salaries received from various employees of Tata AIA Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Tata AIA Life Insurance for Cluster Manager Banca in India?

Axis Max Life Insurance	₹9.0 Lakhs to ₹12.3 Lakhs per year
ICICI Prudential Life Insurance	₹6.5 Lakhs to ₹18.0 Lakhs per year
ICICI Lombard General Insurance Company	₹8.0 Lakhs to ₹12.0 Lakhs per year
HDFC Life	₹7.0 Lakhs to ₹11.5 Lakhs per year
Kotak Mahindara Life Insurance	₹5.5 Lakhs to ₹13.0 Lakhs per year

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

What is the salary of a Cluster Manager Banca in companies similar to Tata AIA Life Insurance in India?

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

SBI General Insurance	₹7.5 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹6.0 Lakhs to ₹12.6 Lakhs per year
Bajaj Allianz Life Insurance	₹6.0 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Health Insurance Co	₹5.1 Lakhs to ₹9.0 Lakhs per year
Star Health & Allied Insurance	₹5.0 Lakhs to ₹9.8 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 Cluster Manager Banca at Tata AIA Life Insurance in India?

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

Experience	Average Salary Range
8 years	₹6.9 Lakhs to ₹8.8 Lakhs per year
9 years	₹7.3 Lakhs to ₹9.3 Lakhs per year
10 years	₹7.7 Lakhs to ₹9.8 Lakhs per year
11 years	₹8.0 Lakhs to ₹10.3 Lakhs per year

and so on.

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Tata AIA Life Insurance Cluster Manager Banca Salaries

Tata AIA Life Insurance Cluster Manager Banca salary in India ranges between ₹7 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Tata AIA Life Insurance latest salaries received from various employees of Tata AIA Life Insurance.