HDFC Life Mumbai Area Manager Salaries by 20+ Employees (Updated 2025)

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₹13.6 Lakhs - ₹19 Lakhs

Salary of majority employees

52% more than the average Area Manager Salary in Insurance Companies for 11 years of experience

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Last Updated: 11 Mar 2025

Companies similar to HDFC Life for Area Manager in Mumbai

HDFC Life Area Manager Salary

11 years exp. (25 salaries)

₹13.6 L/yr - ₹19 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Area Manager Salary 1 - 17 years exp. (49 salaries)	₹7 L/yr - ₹12 L/yr 38% less	28 job openings
SBI Life Insurance Company Area Manager Salary 6 - 18 years exp. (17 salaries)	₹7.5 L/yr - ₹14.2 L/yr 35% less
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Axis Max Life Insurance Area Manager Salary 7 - 15 years exp. (28 salaries)	₹5 L/yr - ₹11 L/yr 50% less
Bajaj Allianz Life Insurance Area Manager Salary 7 - 13 years exp. (11 salaries)	₹5 L/yr - ₹13 L/yr 37% less
Aditya Birla Sun Life Insurance Area Manager Salary 3 - 10 years exp. (31 salaries)	₹5.3 L/yr - ₹9 L/yr 55% less
Tata AIA Life Insurance Area Manager Salary 6 - 16 years exp. (20 salaries)	₹6 L/yr - ₹17.7 L/yr 21% less	6 job openings
ICICI Lombard General Insurance Company Area Manager Salary 8 - 14 years exp. (8 salaries)	₹6.8 L/yr - ₹18.5 L/yr 9% less
Reliance Nippon Life Insurance Area Manager Salary 11 - 17 years exp. (6 salaries)	₹11 L/yr - ₹17 L/yr 9% less
HDFC Ergo General Insurance Area Manager Salary 5 - 12 years exp. (3 salaries)	₹7.1 L/yr - ₹11.4 L/yr 43% less

Area Manager salary at HDFC Life ranges between ₹13.6 Lakhs to ₹19 Lakhs per year for employees with 11 years of experience. Salary estimates are based on 25 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Area Manager salaries in Mumbai

Last Updated: 11 Mar 2025

Experience	Avg Annual Salary
11 years (25 salaries)	₹13.6 L/yr - ₹19 L/yr
Login to view exact salary

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Salary related reviews for HDFC Life

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.

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.

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.

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

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.

Salary - Poor

+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

see more salary related reviews

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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 Area Manager Salary FAQs

What is the salary of Area Manager at HDFC Life in Mumbai?

The average salary of a Area Manager at HDFC Life in Mumbai typically ranges from ₹13.6 Lakhs to ₹19.0 Lakhs per year, depending on experience (from 11 years to 11 years).

The top 10% of Area Manager in Mumbai at HDFC Life earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹19.0 Lakhs per year. Area 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 20+ HDFC Life employees in India.

What is the estimated take home salary of a Area Manager at HDFC Life in Mumbai?

The estimated take-home salary of a Area Manager at HDFC Life in Mumbai typically ranges from ₹1,07,623 to ₹1,10,590 per month. This is based on the average salary range of ₹13.6 Lakhs to ₹19.0 Lakhs per year for employees with experience ranging from 11 years to 11 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 20+ salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Area Manager in companies similar to HDFC Life in Mumbai?

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

Reliance Nippon Life Insurance	₹11.0 Lakhs to ₹17.0 Lakhs per year
ICICI Lombard General Insurance Company	₹6.8 Lakhs to ₹18.5 Lakhs per year
Tata AIA Life Insurance	₹6.0 Lakhs to ₹17.7 Lakhs per year
SBI Life Insurance Company	₹7.5 Lakhs to ₹14.2 Lakhs per year
Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹13.0 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 Area Manager at HDFC Life in Mumbai?

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

Experience	Average Salary Range
11 years	₹13.6 Lakhs to ₹19.0 Lakhs per year

and so on.

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HDFC Life Area Manager Salaries in Mumbai

HDFC Life Area Manager salary in Mumbai ranges between ₹13.6 Lakhs to ₹19 Lakhs with an average annual salary of ₹. Salary estimates are based on 25 HDFC Life latest salaries received from various employees of HDFC Life.