HDFC Life New Delhi Bancassurance Manager Salaries by 200+ Employees (Updated 2025)

0 - 12 years exp.

₹4 Lakhs - ₹7 Lakhs

Avg. annual salary

Monthly In-hand Salary

Bancassurance Manager Salary at HDFC Life ranges between ₹4 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 258 latest salaries... Read more

At par with the average Bancassurance Manager Salary in Insurance Companies for 0 - 12 years of experience

Interested in this particular role? 4 job openings

What are the roles & responsibilities of a Bancassurance Manager at HDFC Life?

Sales Management

Drive sales targets for banking and financial products
Meet daily/weekly/monthly sales objectives
Identify opportunities for growth in the bancassurance channel
Develop and execute strategies for cross-selling

Relationship Management

Manage and nurture relationships with bank partners
Provide tailored financial solutions to clients
Handle customer queries and complaints professionally
Build long-term relationships with customers

Team Leadership

Lead and mentor channel partner teams
Ensure compliance with company policies and regulations
Conduct training sessions for bank staff
Support channel sales teams in achieving targets

Customer Engagement

Conduct regular check-ins with clients to monitor their financial health
Provide end-to-end customer service and support
Assist with claims settlement and post-sales support
Utilize technology for sales management and customer engagement

Read full roles & responsibilities

Last Updated: 16 Aug 2025

Companies similar to HDFC Life for Bancassurance Manager in New Delhi

HDFC Life Bancassurance Manager Salary

0 - 12 years exp. (258 salaries)

₹4 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Bancassurance Manager Salary 3 - 10 years exp. (10 salaries)	₹4 L/yr - ₹7.3 L/yr 11% more
Login to view exact salary
ICICI Prudential Life Insurance Bancassurance Manager Salary 1 - 3 years exp. (5 salaries)	₹2.9 L/yr - ₹4 L/yr 35% less

Latest annual salaries shared by HDFC Life Bancassurance Manager in New Delhi

2d ago

₹5.8 Lakhs

6 years exp.

3d ago

₹6 Lakhs

8 years exp.

4d ago

₹6 Lakhs

8 years exp.

4d ago

₹5 Lakhs

2 years exp.

5d ago

₹6.3 Lakhs

6 years exp.

6d ago

8 years exp.

1w ago

7 years exp.

2w ago

6 years exp.

3w ago

9 years exp.

3w ago

9 years exp.

HDFC Life Bancassurance Manager salaries by

Years of experience	Avg. annual salary
Fresher (4 salaries)	₹4.8 L/yr - ₹7 L/yr
1 year (5 salaries)	₹5 L/yr - ₹6 L/yr
Login to view exact salary
2 years (15 salaries)	₹4 L/yr - ₹6.5 L/yr
3 years (21 salaries)	₹4 L/yr - ₹6.3 L/yr
4 years (40 salaries)	₹4.5 L/yr - ₹6.2 L/yr
5 years (49 salaries)	₹4.3 L/yr - ₹7 L/yr
6 years (49 salaries)	₹4.5 L/yr - ₹7 L/yr
7 years (28 salaries)	₹4.3 L/yr - ₹6.7 L/yr
8 years (17 salaries)	₹4.5 L/yr - ₹7 L/yr
9 years (15 salaries)	₹4.5 L/yr - ₹6.5 L/yr
10 years (9 salaries)	₹4.9 L/yr - ₹6.2 L/yr
11 years (5 salaries)	₹5.3 L/yr - ₹6.5 L/yr
12 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr

View all salaries by experience

Similar Designation Salaries at HDFC Life

Similar Designation	Avg. annual salary
Sales Manager Salary (112 salaries)	₹2 L/yr - ₹6.9 L/yr
Assistant Sales Manager Salary (110 salaries)	₹2.5 L/yr - ₹5.6 L/yr
Login to view exact salary
Deputy Manager Salary (53 salaries)	₹4.8 L/yr - ₹12 L/yr
Relationship Manager Salary (40 salaries)	₹2 L/yr - ₹4.5 L/yr
Cluster Manager Salary (33 salaries)	₹6.2 L/yr - ₹13 L/yr

What people are saying about HDFC Life

View All

insurancelelo

works at

Axis Max Life Insurance

MBA regret: Started too low, now what?

I'm 24, MBA grad from Chandigarh University (Distance) in 2024. No campus placement, so I took a Banca channel job at Aditya Birla Sun Life for 2.75L via walk-in. Hit 100% of targets for 8 months. Realized freshers were earning more at Tata, Birla, and HDFC Life (upto 4L). Switched to Axis at 3.7L. Now I regret starting so low. It'll take 1.5-2 years to reach a 5-6L package because I lacked references and campus placement. My initial package messed up my career start. Most companies hike 35-40%. I've lost 2 years despite having the knowledge and skills. No MBA value. Just regret. What should I do next? Is there any way to monetize my time spent? My potential is asking for more CTC but the initial package messed everything up.

Got a question about HDFC Life?

Ask anonymously on communities.

Job security is the thing which i can say is good. Working culture is somewhat good.

Dislikes

Salary hike is not so good like 4 to 5 percent annually only. There is no skill development...

see more salary related reviews

HDFC Life Bancassurance Manager Salary FAQs

What is the salary of Bancassurance Manager at HDFC Life in New Delhi?

The average salary of a Bancassurance Manager at HDFC Life in New Delhi typically ranges from ₹4.0 Lakhs to ₹7.0 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Bancassurance Manager in New Delhi at HDFC Life earn more than ₹6.3 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Bancassurance Manager Salaries at HDFC Life 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 200+ HDFC Life employees in India.

What is the estimated take home salary of a Bancassurance Manager at HDFC Life in New Delhi?

The estimated take-home salary of a Bancassurance Manager at HDFC Life in New Delhi typically ranges from ₹43,498 to ₹44,611 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from Fresher to 12 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 200+ salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Bancassurance Manager at HDFC Life in New Delhi?

To be a Bancassurance Manager at HDFC Life in New Delhi, the key skills required include:

- Life Insurance
- Life Insurance
- Insurance Sales
- Bfsi Sales
- banca sales

These skills are highly valued at HDFC Life and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than HDFC Life for Bancassurance Manager in India?

Tata AIA Life Insurance

₹4.0 Lakhs to ₹7.3 Lakhs per year

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

What is the salary of a Bancassurance Manager in companies similar to HDFC Life in New Delhi?

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

ICICI Prudential Life Insurance

₹2.9 Lakhs to ₹4.0 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 Bancassurance Manager at HDFC Life in New Delhi?

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

Experience	Average Salary Range
Fresher	₹4.8 Lakhs to ₹7.0 Lakhs per year
1 year	₹5.0 Lakhs to ₹6.0 Lakhs per year
2 years	₹4.0 Lakhs to ₹6.5 Lakhs per year
3 years	₹4.0 Lakhs to ₹6.3 Lakhs per year

and so on.

Top skills at HDFC Life for Bancassurance Manager

Customer Service Sales Relationship Management Problem Solving Leadership

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HDFC Life Bancassurance Manager Salaries in New Delhi

HDFC Life Bancassurance Manager salary in New Delhi ranges between ₹4 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 258 HDFC Life latest salaries received from various employees of HDFC Life.