HDFC Life Assistant Manager Salaries by 200+ Employees (Updated 2024)

1 - 9 years exp.

₹2.4 Lakhs - ₹7.5 Lakhs

Salary of majority employees

44% less than the average Assistant Manager Salary in Insurance Companies for 1 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 1 - 9 years exp. (64 salaries)	₹2.4 L/yr - ₹6.5 L/yr
Customer Success, Service & Operations Assistant Manager Salary 1 - 9 years exp. (43 salaries)	₹3 L/yr - ₹6.5 L/yr
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Sales & Business Development Assistant Manager Salary 2 - 9 years exp. (20 salaries)	₹3.2 L/yr - ₹5.7 L/yr
Data Science & Analytics Assistant Manager Salary 2 - 9 years exp. (14 salaries)	₹3.5 L/yr - ₹6.8 L/yr
Finance & Accounting Assistant Manager Salary 1 - 9 years exp. (14 salaries)	₹3.2 L/yr - ₹7.5 L/yr

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Last Updated: 15 Dec 2024

Companies similar to HDFC Life for Assistant Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Assistant Manager Salary 1 - 12 years exp. (617 salaries)	₹3 L/yr - ₹7.1 L/yr 13% more
SBI Life Insurance Company Assistant Manager Salary 0 - 15 years exp. (530 salaries)	₹4 L/yr - ₹12 L/yr 52% more
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Max Life Insurance Assistant Manager Salary 0 - 10 years exp. (723 salaries)	₹2 L/yr - ₹8 L/yr 8% less	22 job openings
Bajaj Allianz Life Insurance Assistant Manager Salary 2 - 14 years exp. (292 salaries)	₹3.8 L/yr - ₹13 L/yr 60% more
Tata AIA Life Insurance Assistant Manager Salary 2 - 17 years exp. (438 salaries)	₹4.4 L/yr - ₹15 L/yr 101% more	59 job openings
Kotak Mahindara Life Insurance Assistant Manager Salary 0 - 6 years exp. (724 salaries)	₹2 L/yr - ₹4.8 L/yr 23% less	1 job opening
HDFC Ergo General Insurance Assistant Manager Salary 1 - 11 years exp. (589 salaries)	₹2.3 L/yr - ₹8 L/yr 3% more
Aditya Birla Sun Life Insurance Assistant Manager Salary 0 - 10 years exp. (392 salaries)	₹1.9 L/yr - ₹6.2 L/yr 10% less
Kotak Mahindra General Insurance Assistant Manager Salary 1 - 8 years exp. (281 salaries)	₹1.9 L/yr - ₹5 L/yr 22% less
Star Health & Allied Insurance Assistant Manager Salary 3 - 11 years exp. (208 salaries)	₹3 L/yr - ₹8 L/yr 8% more
Reliance Nippon Life Insurance Assistant Manager Salary 1 - 13 years exp. (200 salaries)	₹2.2 L/yr - ₹8 L/yr 19% less
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PNB MetLife Assistant Manager Salary 0 - 12 years exp. (177 salaries)	₹1.8 L/yr - ₹8.4 L/yr 4% less
AIG Assistant Manager Salary 8 - 14 years exp. (139 salaries)	₹6.5 L/yr - ₹18 L/yr 144% more
Shriram Life Insurance Assistant Manager Salary 3 - 13 years exp. (111 salaries)	₹1.5 L/yr - ₹8.3 L/yr At par
ICICI Lombard General Insurance Company Assistant Manager Salary 0 - 11 years exp. (64 salaries)	₹2.8 L/yr - ₹10.8 L/yr 32% more
United India Insurance Company Assistant Manager Salary 6 - 12 years exp. (60 salaries)	₹9 L/yr - ₹26 L/yr 250% more
Aditya Birla Insurance Brokers Assistant Manager Salary 3 - 10 years exp. (55 salaries)	₹2.6 L/yr - ₹8 L/yr 20% more
The New India Assurance Co. Assistant Manager Salary 4 - 10 years exp. (44 salaries)	₹7.5 L/yr - ₹22 L/yr 232% more
Empower Assistant Manager Salary 10 - 16 years exp. (33 salaries)	₹9.8 L/yr - ₹16.5 L/yr 167% more
The Oriental Insurance Co. Assistant Manager Salary 3 - 10 years exp. (31 salaries)	₹6.1 L/yr - ₹18 L/yr 166% more

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Assistant Manager salary at HDFC Life ranges between ₹2.4 Lakhs to ₹7.5 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 261 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Assistant Manager salaries

Last Updated: 15 Dec 2024

Experience	Avg Annual Salary
1 year (16 salaries)	₹3.2 L/yr - ₹5.3 L/yr
2 years (20 salaries)	₹3 L/yr - ₹6 L/yr
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3 years (25 salaries)	₹3 L/yr - ₹5 L/yr
4 years (40 salaries)	₹2.4 L/yr - ₹6.4 L/yr
5 years (49 salaries)	₹3 L/yr - ₹6.5 L/yr
6 years (37 salaries)	₹3 L/yr - ₹6.8 L/yr
7 years (31 salaries)	₹2.8 L/yr - ₹7.5 L/yr
8 years (25 salaries)	₹3.8 L/yr - ₹6.8 L/yr
9 years (18 salaries)	₹3 L/yr - ₹7 L/yr

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Similar Designation salaries in HDFC Life

Department Manager Salary

(4 salaries)

₹7.5 L/yr - ₹17 L/yr

Shift Manager Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Assistant Branch Manager Salary

(31 salaries)

₹3.75 L/yr - ₹7.75 L/yr

Operations Manager Salary

(39 salaries)

₹1.45 L/yr - ₹9.97 L/yr

Team Manager Salary

(30 salaries)

₹4.75 L/yr - ₹7.63 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹25.2 L/yr - ₹32.2 L/yr

Branch Manager Salary

(247 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Deputy Manager Salary

(718 salaries)

₹3.5 L/yr - ₹12.1 L/yr

Sales Manager Salary

(729 salaries)

₹1.55 L/yr - ₹7.5 L/yr

Relationship Manager Salary

(761 salaries)

₹1.7 L/yr - ₹5 L/yr

Top skills at HDFC Life for Assistant Manager

Actuarial Communication Skills Letter Drafting Collections Data Analysis

Salary related reviews for HDFC Life

3.5

Rated by 63 employees for salary & benefits

Assistant Manager in Mumbai

Full Time

Other Department

4.0

• posted on 14 Mar 2023

3.0

for Salary and Benefits

Likes

WFH, on time salary credit, fluid processes, good work environment, top performer in insurance industry, capable senior management, employee centric initiatives, parents, spouse and children covered in insurance

Dislikes

heavy workload, minimal scope for promotion, average performance appraisals

Assistant Manager in Bangalore / Bengaluru

Sales Support Department

5.0

• posted on 02 Apr 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.

Dislikes

There is a lot of politics and the management doesn’t address our issues.

Senior Associate in Machilipatnam

Full Time

Other Department

4.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

Senior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

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".

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.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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HDFC Life Assistant Manager Salary FAQs

What is the salary of Assistant Manager at HDFC Life?

Assistant Manager salary at HDFC Life in India ranges between ₹2.4 Lakhs to ₹7.5 Lakhs for experience between 1 years to 9 years. According to our estimates it is 44% less than the average Assistant Manager Salary in India. Salary estimates are based on 261 latest salaries received from various employees of HDFC Life India.

How does the salary of a Assistant Manager at HDFC Life India compare with the average salary range for this job?

The average salary of a Assistant Manager at HDFC Life is 44% less than the average salary of a Assistant Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Assistant Manager at HDFC Life?

Actuarial, Communication Skills, Letter Drafting, Collections and Data Analysis are some of the popular skills required to work as a Assistant Manager at HDFC Life India.

Which similar companies are paying more than HDFC Life to a Assistant Manager in India?

United India Insurance Company Assistant Manager Salary - ₹9.0 Lakhs to ₹26.0 Lakhs per year
AXA Assistant Manager Salary - ₹10.0 Lakhs to ₹25.0 Lakhs per year
The New India Assurance Co. Assistant Manager Salary - ₹7.5 Lakhs to ₹22.0 Lakhs per year
Empower Assistant Manager Salary - ₹9.8 Lakhs to ₹16.5 Lakhs per year
The Oriental Insurance Co. Assistant Manager Salary - ₹6.1 Lakhs to ₹18.0 Lakhs per year

What is the salary of a Assistant Manager in companies similar to HDFC Life in India?

AIG Assistant Manager Salary - ₹6.5 Lakhs to ₹18.0 Lakhs per year
XL Catlin Assistant Manager Salary - ₹6.5 Lakhs to ₹16.0 Lakhs per year
Tata AIA Life Insurance Assistant Manager Salary - ₹4.4 Lakhs to ₹15.0 Lakhs per year
Maruti Insurance Broking Assistant Manager Salary - ₹7.0 Lakhs to ₹10.5 Lakhs per year
Gallagher Assistant Manager Salary - ₹6.5 Lakhs to ₹13.0 Lakhs per year

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

The estimated take-home salary of a Assistant Manager at HDFC Life ranges between ₹35,175 per month to ₹36,412 per month in India. The take-home salary calculation is based on the average HDFC Life Assistant Manager salary in India which ranges between ₹2.4 Lakhs to ₹7.5 Lakhs per year for employees with experience between 1 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Assistant Manager at HDFC Life?

According to AmbitionBox, 40% of the HDFC Life Assistant Managers reported a notice period of 1 Month, 31% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 234 responses on AmbitionBox in last 2 years.

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HDFC Life Assistant Manager Salaries

HDFC Life Assistant Manager salary in India ranges between ₹2.4 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 261 HDFC Life latest salaries received from various employees of HDFC Life.

HDFC Life Assistant Manager salaries in India

Companies similar to HDFC Life for Assistant Manager

Latest annual salaries shared by HDFC Life Assistant Manager

Experience wise HDFC Life Assistant Manager salaries

Similar Designation salaries in HDFC Life

Top skills at HDFC Life for Assistant Manager

Salary related reviews for HDFC Life

Assistant Manager in Mumbai

Assistant Manager in Bangalore / Bengaluru

Senior Associate in Machilipatnam

Senior Associate in Mumbai

Operations Manager in Mumbai

HDFC Life Assistant Manager Salary FAQs

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HDFC Life Assistant Manager Salaries by Location