HDFC Life Administration Manager Salaries by 6 Employees

3 - 20 years exp.

₹2 Lakhs - ₹8.4 Lakhs

Low Confidence

Salary of majority employees

45% less than the average Administration Manager Salary in Insurance Companies for 3 - 20 years of experience

Interested in this particular role?

Last Updated: 14 Jul 2023

Companies similar to HDFC Life for Administration Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Administration Manager Salary 0 - 15 years exp. (7 salaries)	₹1.8 L/yr - ₹4 L/yr 31% less
SBI Life Insurance Company Administration Manager Salary 11 - 15 years exp. (6 salaries)	₹8.2 L/yr - ₹12.1 L/yr 108% more
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Axis Max Life Insurance Administration Manager Salary 0 - 8 years exp. (11 salaries)	₹3.4 L/yr - ₹7 L/yr 2% more
Kotak Mahindara Life Insurance Administration Manager Salary 1 - 9 years exp. (26 salaries)	₹1.9 L/yr - ₹4 L/yr 33% less
Bajaj Allianz Life Insurance Administration Manager Salary 10 - 14 years exp. (7 salaries)	₹11.2 L/yr - ₹17.1 L/yr 262% more
Reliance Nippon Life Insurance Administration Manager Salary 1 - 5 years exp. (6 salaries)	₹1.2 L/yr - ₹3 L/yr 56% less
Aditya Birla Sun Life Insurance Administration Manager Salary 2 - 14 years exp. (5 salaries)	₹3 L/yr - ₹13 L/yr 76% more
ICICI Lombard General Insurance Company Administration Manager Salary 4 - 15 years exp. (21 salaries)	₹4 L/yr - ₹9.4 L/yr 66% more
HDFC Ergo General Insurance Administration Manager Salary 8 - 12 years exp. (7 salaries)	₹3.2 L/yr - ₹13.6 L/yr 74% more
Shriram Life Insurance Administration Manager Salary 0 - 14 years exp. (6 salaries)	₹2.2 L/yr - ₹6.4 L/yr 15% less
SBI General Insurance Administration Manager Salary 11 - 14 years exp. (4 salaries)	₹5.3 L/yr - ₹7.2 L/yr 35% more
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Life Insurance Corporation of India Administration Manager Salary 25 - 32 years exp. (4 salaries)	₹18.9 L/yr - ₹30 L/yr 348% more
Star Health & Allied Insurance Administration Manager Salary 8 - 12 years exp. (3 salaries)	₹4.5 L/yr - ₹6 L/yr 10% more

Administration Manager salary at HDFC Life ranges between ₹2 Lakhs to ₹8.4 Lakhs per year for employees with experience between 3 years to 20 years. Salary estimates are based on 6 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Administration Manager salaries

Last Updated: 14 Jul 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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5 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹6 L/yr
6 years (AmbitionBox Estimate)	₹2 L/yr - ₹6.3 L/yr
7 years (AmbitionBox Estimate)	₹2 L/yr - ₹6.7 L/yr
8 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
9 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
10 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 L/yr
11 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.2 L/yr
12 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
13 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
14 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr
15+ years (AmbitionBox Estimate)	₹5 L/yr - ₹10 L/yr

View all

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Salary related reviews for HDFC Life

3.4

Rated by 3 employees for salary & benefits

Operations Manager in Mumbai

Full Time

Risk Management & Compliance Department

3.0

• posted on 26 Nov 2023

1.0

for Salary and Benefits

Likes

The way they make fool our of you. JD and actual work are really different. Popular statement "I am a really considerate manager".

Job security - Excellent

Dislikes

Usual work day is for about 12 hrs On document Saturday is a non working day but you will be forced to work with out pay. Overtime is a myth Promotion depends upon L1's will. Variable pay is only for MT's and chief manager & above Huge gap in pay at same band.

Salary - Bad

+4 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 19 Aug 2023

1.0

for Salary and Benefits

Likes

Flexibility of work from home.

Job security - Good

Dislikes

...nt is not supportive and the way they communicate with lower levels is terrible. Salary structure is horrible and shift hours are expected for 12 to 14 hrs a day

Salary - Bad

+5 more

Sales Coordinator in Kota

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 28 Nov 2019

2.0

for Salary and Benefits

Likes

It is very good palace to work.One can encourage his knowledge by fabulous training. No work pressure if you do work genuinely and not cross there adherence policies. Team leaders are supporting in each aspect and invigorate all over development of employee and last but not least company have step up programs for those who want to explore thier roles and desingnation by give the exams of step up.

Skill development - Excellent

+5 more

Dislikes

Only salary structure is the weak point but if you have better sales experience You can earn enough incentives and rewards as well as.

Salary - Poor

MIS Executive in Bangalore / Bengaluru

Production, Manufacturing & Engineering Department

5.0

• posted on 21 Feb 2022

4.0

for Salary and Benefits

Likes

...ronment and culture. teammates are supportive and the management is transparent. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Good

+6 more

Dislikes

Salary is decent but career growth is slow.

Deputy Manager in Lower Parel, Mumbai

Full Time

Information Technology Department

4.0

• posted on 30 Dec 2022

3.0

for Salary and Benefits

Likes

Too much pressure, however bigger companies have huge responsibility and always be at top to maintain the market standards and rank

Skill development - Excellent

+1 more

Dislikes

No promotion even after getting good appraisals. Salary can be improvised

Promotions - Poor

+1 more

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HDFC Life Administration Manager Salary FAQs

What is the salary of Administration Manager at HDFC Life ?

The average salary of a Administration Manager at HDFC Life in India typically ranges from ₹2.0 Lakhs to ₹8.4 Lakhs per year, depending on experience (from 3 years to 20 years).

The top 10% of Administration Manager at HDFC Life earn more than ₹9.6 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Administration 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 6 HDFC Life employees in India.

What is the estimated take home salary of a Administration Manager at HDFC Life in India?

The estimated take-home salary of a Administration Manager at HDFC Life in India typically ranges from ₹32,630 to ₹33,905 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹8.4 Lakhs per year for employees with experience ranging from 3 years to 20 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 6 salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Life Insurance Corporation of India	₹18.9 Lakhs to ₹30.0 Lakhs per year
Bajaj Allianz Life Insurance	₹11.2 Lakhs to ₹17.1 Lakhs per year
SBI Life Insurance Company	₹8.2 Lakhs to ₹12.1 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.0 Lakhs to ₹13.0 Lakhs per year
HDFC Ergo General Insurance	₹3.2 Lakhs to ₹13.6 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 Administration Manager in companies similar to HDFC Life in India?

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

ICICI Lombard General Insurance Company	₹4.0 Lakhs to ₹9.4 Lakhs per year
SBI General Insurance	₹5.3 Lakhs to ₹7.2 Lakhs per year
Star Health & Allied Insurance	₹4.5 Lakhs to ₹6.0 Lakhs per year
Axis Max Life Insurance	₹3.4 Lakhs to ₹7.0 Lakhs per year
Shriram Life Insurance	₹2.2 Lakhs to ₹6.4 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 Administration Manager at HDFC Life in India?

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

Experience	Average Salary Range
3 years	₹1.2 Lakhs to ₹3.5 Lakhs per year
4 years	₹2.8 Lakhs to ₹3.6 Lakhs per year
5 years	₹1.3 Lakhs to ₹6.0 Lakhs per year
6 years	₹2.0 Lakhs to ₹6.3 Lakhs per year

and so on.

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HDFC Life Administration Manager Salaries

HDFC Life Administration Manager salary in India ranges between ₹2 Lakhs to ₹8.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 HDFC Life latest salaries received from various employees of HDFC Life.