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HDFC Life

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4.0

based on 9.2k Reviews

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HDFC Life Agency Development Manager salaries in India (Updated 2025)

Annual salary range
1 - 15 years exp.
₹2.3 Lakhs - ₹6.5 Lakhs
Salary of majority employees
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At par with the average Agency Development Manager Salary in Insurance Companies for 1 - 15 years of experience

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Salaries in different departments

Sales & Business Development
Agency Development Manager Salary
1 - 15 years exp. (80 salaries)
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₹2.5 L/yr - ₹6.5 L/yr

BFSI, Investments & Trading
Agency Development Manager Salary
1 - 15 years exp. (64 salaries)
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₹2.3 L/yr - ₹6 L/yr

Customer Success, Service & Operations
Agency Development Manager Salary
3 - 15 years exp. (25 salaries)
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₹3 L/yr - ₹6 L/yr

Marketing & Communication
Agency Development Manager Salary
2 - 15 years exp. (24 salaries)
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₹2.5 L/yr - ₹6 L/yr

Finance & Accounting
Agency Development Manager Salary
3 - 12 years exp. (10 salaries)
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₹3.5 L/yr - ₹6 L/yr

View all

Last Updated: 16 Mar 2025

Companies similar to HDFC Life for Agency Development Manager

Company name Avg Annual Salary Open Jobs
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Axis Max Life Insurance Agency Development Manager Salary

0 - 13 years exp. (555 salaries)
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₹2 L/yr - ₹6.7 L/yr

arrow icon 5% more
 25 job openings
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Star Health & Allied Insurance Agency Development Manager Salary

1 - 10 years exp. (165 salaries)
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₹2.1 L/yr - ₹5.6 L/yr

arrow icon 24% less
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Reliance Nippon Life Insurance Agency Development Manager Salary

0 - 8 years exp. (145 salaries)
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₹1.2 L/yr - ₹5 L/yr

arrow icon 39% less
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HDFC Ergo General Insurance Agency Development Manager Salary

0 - 8 years exp. (57 salaries)
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₹2.2 L/yr - ₹4.5 L/yr

arrow icon 27% less
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ICICI Prudential Life Insurance Agency Development Manager Salary

0 - 9 years exp. (38 salaries)
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₹2 L/yr - ₹6.5 L/yr

arrow icon 19% less
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Kotak Mahindara Life Insurance Agency Development Manager Salary

2 - 9 years exp. (19 salaries)
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₹1 L/yr - ₹5.5 L/yr

arrow icon 20% less
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SBI Life Insurance Company Agency Development Manager Salary

0 - 9 years exp. (16 salaries)
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₹2.5 L/yr - ₹4.2 L/yr

arrow icon 28% less
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ICICI Lombard General Insurance Company Agency Development Manager Salary

0 - 10 years exp. (8 salaries)
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₹2.6 L/yr - ₹6 L/yr

arrow icon 13% less
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Bajaj Allianz Life Insurance Agency Development Manager Salary

1 - 9 years exp. (7 salaries)
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₹3.1 L/yr - ₹4.5 L/yr

arrow icon 10% less
 1 job opening
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Max Financial Services Agency Development Manager Salary

7 - 9 years exp. (6 salaries)
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₹3 L/yr - ₹5.5 L/yr

arrow icon 7% less
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Tata AIA Life Insurance Agency Development Manager Salary

2 - 9 years exp. (5 salaries)
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₹2.8 L/yr - ₹6.3 L/yr

arrow icon 9% less
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Life Insurance Corporation of India Agency Development Manager Salary

3 - 12 years exp. (5 salaries)
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₹2.6 L/yr - ₹5.4 L/yr

arrow icon 5% less
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PNB MetLife Agency Development Manager Salary

6 - 11 years exp. (5 salaries)
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₹4.1 L/yr - ₹7.8 L/yr

arrow icon 27% more
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Shriram Life Insurance Agency Development Manager Salary

1 - 6 years exp. (4 salaries)
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₹2.5 L/yr - ₹3 L/yr

arrow icon 41% less
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SBI General Insurance Agency Development Manager Salary

1 - 4 years exp. (4 salaries)
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₹2.8 L/yr - ₹4.5 L/yr

arrow icon 18% less
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Aditya Birla Sun Life Insurance Agency Development Manager Salary

1 - 10 years exp. (4 salaries)
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₹2.6 L/yr - ₹3.8 L/yr

arrow icon 29% less
Agency Development Manager salary at HDFC Life ranges between ₹2.3 Lakhs to ₹6.5 Lakhs per year for employees with experience between 1 year to 15 years. Salary estimates are based on 275 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Agency Development Manager

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Experience wise HDFC Life Agency Development Manager salaries

Last Updated: 16 Mar 2025

Experience Avg Annual Salary
1 year  (12 salaries)

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₹2.8 L/yr - ₹5 L/yr
2 years  (12 salaries)

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₹2.5 L/yr - ₹4.5 L/yr
3 years  (17 salaries)

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₹2.3 L/yr - ₹4.8 L/yr
4 years  (23 salaries)

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₹3.3 L/yr - ₹5 L/yr
5 years  (31 salaries)

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₹3.3 L/yr - ₹6 L/yr
View all

Similar Designation salaries in HDFC Life

Business Development Manager Salary
(1.4k salaries)
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₹1.5 L/yr - ₹5 L/yr
Area Sales Manager Salary
(42 salaries)
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₹2 L/yr - ₹8 L/yr
Zonal Sales Manager Salary
(AmbitionBox Estimate)
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₹20.7 L/yr - ₹26.5 L/yr
Senior Business Development Manager Salary
(4 salaries)
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₹3 L/yr - ₹5 L/yr
Senior Sales Manager Salary
(221 salaries)
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₹2.3 L/yr - ₹8.5 L/yr
Area Business Manager Salary
(148 salaries)
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₹2.4 L/yr - ₹8.5 L/yr
Business Development Associate Salary
(5 salaries)
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₹2.3 L/yr - ₹8 L/yr
Deputy Manager Salary
(731 salaries)
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₹3.5 L/yr - ₹12.1 L/yr
Regional Manager Salary
(18 salaries)
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₹11.5 L/yr - ₹35.2 L/yr
Assistant Sales Manager Salary
(418 salaries)
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₹2.5 L/yr - ₹5.5 L/yr

Top skills at HDFC Life for Agency Development Manager

Life Insurance Channel Sales Channel Sales Management Bancassurance Communication Skills Insurance Sales agency bdm Development Management Sales Agency Sales Field Sales Banking agency development Marketing Communication

Salary related reviews for HDFC Life

3.9

Rated by 77 employees for salary & benefits

Agency Development Manager in Gorakhpur

BFSI, Investments & Trading Department

4.0
  •  posted on 01 Feb 2020
2.0
 for  Salary and Benefits

Likes

Company training program is good, good work environment and work-life balance to achieve your goals.

  • Skill development - Good
    • +1 more

Dislikes

Salary structure is very bad and it is demotivating in career growth. There is hidden deduction in your CTC. You know after joining. If you are not achieving target and not doing activity according to company requirement your salary will be deducted.

read more
  • Salary - Poor

Business Development Manager in Bijnor

Full Time

 · 

Marketing & Communication Department

5.0
  •  posted on 10 Feb 2025
1.0
 for  Salary and Benefits

Likes

Hello team m Rishabh Rastogi from HDFC LIFE Bijnor Branch, there is a lot of pressure here for work and HDFC Life is a very good brand but there are no facilities for the employees in the office.

read more
  • Work-life balance - Excellent

Dislikes

Here the calculation is less Here the salary is very high as compared to low and the facilities are also very less, the promotions target is very high and there are many parameters.

read more
  • Salary - Bad
    • +4 more

Business Development Manager in Vasai-Virar

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 30 May 2024
3.0
 for  Salary and Benefits

Likes

You get salary on time.

Dislikes

Late night sitting unnecessarily, Rude and rough language usage by bosses inspite of men or women, Depreciation, Don't follow code of conduct,Don't respect staffs ,only business and results, lack of co-operation and team work, Insist for hard drinks ,Bad behaviour, don't get leave if you don't perform, bias nature.

read more
  • Work satisfaction - Bad
    • +2 more

Sales Manager in Mumbai

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 24 Oct 2023
3.0
 for  Salary and Benefits

Likes

Already they are top in insurance sector so people know about this company that's good part.

Dislikes

...se that's why they are doing insurance these are the facts they take advantage In small salary package thier expectation is more than crore For a freshers Or 2 years experience not good place to work You have to travel every single day like a horse (on your money) Many more people don't share because they sacred if they share they can't get job because these people leaves and they go to another company so it's like round like earth anyone can meet anywhere In 100 people only will success 2

read more
  • Skill development - Poor
    • +5 more

Relationship Manager in Bhubaneswar

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 05 May 2024
2.0
 for  Salary and Benefits

Likes

Big brand. People know the brand very well

Dislikes

Less salary compare to psu. Even clerk of psu bank get more than a manager grade of hdfc. Bonus and incentives at junior grade not that good. Only boss and team managers will get good salary here . No travel claims are given.

read more
  • Salary - Poor
    • +4 more
see more salary related reviews

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Salary Discussions, Hike & Promotions
2w
a system engineer
Just had to share this, I got a 100% hike!
I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.
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HDFC Life Agency Development Manager Salary FAQs

What is the salary of Agency Development Manager at HDFC Life ?
The average salary of a Agency Development Manager at HDFC Life in India typically ranges from ₹2.3 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 1 year to 15 years).

The top 10% of Agency Development Manager at HDFC Life earn more than ₹5.6 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Agency Development 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 Agency Development Manager at HDFC Life in India?
The estimated take-home salary of a Agency Development Manager at HDFC Life in India typically ranges from ₹34,261 to ₹35,512 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 1 year to 15 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 Agency Development Manager at HDFC Life ?
To be a Agency Development Manager at HDFC Life in india, the key skills required include:

  • - Life Insurance
  • - Channel Sales
  • - Channel Sales Management
  • - Bancassurance
  • - Communication Skills

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 Agency Development Manager in India?
PNB MetLife ₹4.1 Lakhs to ₹7.8 Lakhs per year
Axis Max Life Insurance ₹2.0 Lakhs to ₹6.7 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 Agency Development Manager in companies similar to HDFC Life in India?
The salary of a Agency Development Manager at companies similar to HDFC Life in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Life Insurance Corporation of India ₹2.6 Lakhs to ₹5.4 Lakhs per year
Max Financial Services ₹3.0 Lakhs to ₹5.5 Lakhs per year
Tata AIA Life Insurance ₹2.8 Lakhs to ₹6.3 Lakhs per year
Bajaj Allianz Life Insurance ₹3.1 Lakhs to ₹4.5 Lakhs per year
ICICI Lombard General Insurance Company ₹2.6 Lakhs to ₹6.0 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 Agency Development Manager at HDFC Life in India?
The salary growth for a Agency Development Manager at HDFC Life depends on factors such as experience, performance, and promotions. On average, a Agency Development Manager can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
1 year ₹2.8 Lakhs to ₹5.0 Lakhs per year
2 years ₹2.5 Lakhs to ₹4.5 Lakhs per year
3 years ₹2.3 Lakhs to ₹4.8 Lakhs per year
4 years ₹3.3 Lakhs to ₹5.0 Lakhs per year
and so on.

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HDFC Life Agency Development Manager Salaries by Location

HDFC Life Agency Development Manager salary in India ranges between ₹2.3 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 275 HDFC Life latest salaries received from various employees of HDFC Life.