HDFC Life Bangalore / Bengaluru Assistant Manager Salaries by 50+ Employees (Updated 2025)

1 - 9 years exp.

₹3.2 Lakhs - ₹6.8 Lakhs

Salary of majority employees

41% 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 - 8 years exp. (14 salaries)	₹3.3 L/yr - ₹5.5 L/yr
Customer Success, Service & Operations Assistant Manager Salary 2 - 9 years exp. (10 salaries)	₹3.3 L/yr - ₹5.7 L/yr
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Data Science & Analytics Assistant Manager Salary 4 - 8 years exp. (6 salaries)	₹4.7 L/yr - ₹6.8 L/yr
Finance & Accounting Assistant Manager Salary 5 - 7 years exp. (4 salaries)	₹4.8 L/yr - ₹6 L/yr
Sales & Business Development Assistant Manager Salary 3 - 5 years exp. (3 salaries)	₹3.2 L/yr - ₹4.8 L/yr

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Last Updated: 4 Jan 2025

Companies similar to HDFC Life for Assistant Manager in Bangalore / Bengaluru

HDFC Life Assistant Manager Salary

1 - 9 years exp. (51 salaries)

₹3.2 L/yr - ₹6.8 L/yr

Company name	Avg Annual Salary	Open Jobs
AIG Assistant Manager Salary 3 - 13 years exp. (67 salaries)	₹6.1 L/yr - ₹15.6 L/yr 107% more
Kotak Mahindara Life Insurance Assistant Manager Salary 0 - 7 years exp. (64 salaries)	₹2.1 L/yr - ₹4.6 L/yr 29% less	1 job opening
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Axis Max Life Insurance Assistant Manager Salary 0 - 9 years exp. (57 salaries)	₹2.5 L/yr - ₹6 L/yr 15% less	16 job openings
ICICI Prudential Life Insurance Assistant Manager Salary 1 - 10 years exp. (36 salaries)	₹4.2 L/yr - ₹6.8 L/yr 6% more
Empower Assistant Manager Salary 10 - 17 years exp. (33 salaries)	₹9.8 L/yr - ₹16.5 L/yr 148% more
Aditya Birla Sun Life Insurance Assistant Manager Salary 1 - 8 years exp. (31 salaries)	₹3 L/yr - ₹6 L/yr 12% less
SBI Life Insurance Company Assistant Manager Salary 0 - 11 years exp. (26 salaries)	₹5.2 L/yr - ₹10.5 L/yr 53% more
Tata AIA Life Insurance Assistant Manager Salary 2 - 13 years exp. (22 salaries)	₹4.5 L/yr - ₹9 L/yr 59% more	31 job openings
Kotak Mahindra General Insurance Assistant Manager Salary 2 - 7 years exp. (12 salaries)	₹3 L/yr - ₹4.5 L/yr 23% less
SBI General Insurance Assistant Manager Salary 0 - 7 years exp. (11 salaries)	₹3 L/yr - ₹9 L/yr 15% less
Bajaj Allianz Life Insurance Assistant Manager Salary 2 - 11 years exp. (8 salaries)	₹5.5 L/yr - ₹9 L/yr 58% more	1 job opening
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United India Insurance Company Assistant Manager Salary 7 - 12 years exp. (8 salaries)	₹10 L/yr - ₹22 L/yr 258% more
The New India Assurance Co. Assistant Manager Salary 7 - 9 years exp. (6 salaries)	₹10.5 L/yr - ₹19 L/yr 211% more
PNB MetLife Assistant Manager Salary 6 - 9 years exp. (6 salaries)	₹4.3 L/yr - ₹6.1 L/yr 10% less	2 job openings
AXA Assistant Manager Salary 2 - 6 years exp. (6 salaries)	₹14 L/yr - ₹25 L/yr 235% more
Reliance Nippon Life Insurance Assistant Manager Salary 2 - 9 years exp. (5 salaries)	₹2.5 L/yr - ₹5 L/yr 24% less
Gallagher Assistant Manager Salary 6 - 11 years exp. (5 salaries)	₹7.5 L/yr - ₹13 L/yr 119% more
ICICI Lombard General Insurance Company Assistant Manager Salary 8 - 12 years exp. (4 salaries)	₹5 L/yr - ₹7.5 L/yr 29% more
Star Health & Allied Insurance Assistant Manager Salary 6 - 10 years exp. (4 salaries)	₹3.1 L/yr - ₹5 L/yr 4% less
Aditya Birla Insurance Brokers Assistant Manager Salary 4 - 9 years exp. (3 salaries)	₹5.2 L/yr - ₹6.3 L/yr 15% more

Assistant Manager salary at HDFC Life ranges between ₹3.2 Lakhs to ₹6.8 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 51 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Assistant Manager salaries in Bangalore / Bengaluru

Last Updated: 4 Jan 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹3.3 L/yr - ₹5.5 L/yr
2 years (7 salaries)	₹4.8 L/yr - ₹6 L/yr
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3 years (3 salaries)	₹3.5 L/yr - ₹5.2 L/yr
4 years (7 salaries)	₹3.3 L/yr - ₹5.5 L/yr
5 years (8 salaries)	₹3.2 L/yr - ₹5.7 L/yr
6 years (6 salaries)	₹4.6 L/yr - ₹6.8 L/yr
7 years (8 salaries)	₹4.2 L/yr - ₹6.4 L/yr
8 years (7 salaries)	₹4.5 L/yr - ₹6.8 L/yr
9 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr

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Similar Designation salaries in HDFC Life

Deputy Manager Salary

(108 salaries)

₹4.5 L/yr - ₹12.75 L/yr

Sales Manager Salary

(71 salaries)

₹2 L/yr - ₹7.3 L/yr

Relationship Manager Salary

(48 salaries)

₹2 L/yr - ₹4 L/yr

Branch Manager Salary

(33 salaries)

₹6.8 L/yr - ₹11 L/yr

Team Manager Salary

(6 salaries)

₹4.75 L/yr - ₹9.5 L/yr

Top skills at HDFC Life for Assistant Manager

Actuarial Communication Skills Letter Drafting Collections Data Analysis

Salary related reviews for HDFC Life

2.8

Rated by 7 employees for salary & benefits

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.

Salary - Excellent

+6 more

Dislikes

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

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

Job security - Good

+1 more

Dislikes

heavy workload, minimal scope for promotion, average performance appraisals

Promotions - Poor

Sales Manager in Cuttack

Full Time

CSR & Social Service Department

4.0

• posted on 23 Mar 2025

2.0

for Salary and Benefits

Likes

The company has lots of data, They r learning you in first stage and after that they r find a way to indicate you wrongly.

Job security - Good

Dislikes

Less salary, no support from trainer, biggest layers, no leaves, no support from L1 and above, no motivation only needed business, so if u r afresher think twice before joining.

Salary - Poor

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.

Skill development - Excellent

+2 more

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.

Promotions - Poor

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.

Salary - Bad

+6 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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HDFC Life Assistant Manager Salary FAQs

What is the salary of Assistant Manager at HDFC Life in Bangalore / Bengaluru?

The average salary of a Assistant Manager at HDFC Life in Bangalore / Bengaluru typically ranges from ₹3.2 Lakhs to ₹6.8 Lakhs per year, depending on experience (from 1 year to 9 years).

The top 10% of Assistant Manager in Bangalore / Bengaluru at HDFC Life earn more than ₹6.4 Lakhs per year, and the top 1% earn over ₹6.8 Lakhs per year. Assistant 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 50+ HDFC Life employees in India.

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

The estimated take-home salary of a Assistant Manager at HDFC Life in Bangalore / Bengaluru typically ranges from ₹38,032 to ₹39,226 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹6.8 Lakhs per year for employees with experience ranging from 1 year to 9 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 50+ 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 Assistant Manager at HDFC Life in Bangalore / Bengaluru?

To be a Assistant Manager at HDFC Life in Bangalore / Bengaluru, the key skills required include:

- Actuarial
- Communication Skills
- Letter Drafting
- Collections
- Data Analysis

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 Assistant Manager in India?

United India Insurance Company	₹10.0 Lakhs to ₹22.0 Lakhs per year
AXA	₹14.0 Lakhs to ₹25.0 Lakhs per year
The New India Assurance Co.	₹10.5 Lakhs to ₹19.0 Lakhs per year
Empower	₹9.8 Lakhs to ₹16.5 Lakhs per year
Gallagher	₹7.5 Lakhs to ₹13.0 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 Assistant Manager in companies similar to HDFC Life in Bangalore / Bengaluru?

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

AIG	₹6.1 Lakhs to ₹15.6 Lakhs per year
Tata AIA Life Insurance	₹4.5 Lakhs to ₹9.0 Lakhs per year
Bajaj Allianz Life Insurance	₹5.5 Lakhs to ₹9.0 Lakhs per year
SBI Life Insurance Company	₹5.2 Lakhs to ₹10.5 Lakhs per year
ICICI Lombard General Insurance Company	₹5.0 Lakhs to ₹7.5 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 Assistant Manager at HDFC Life in Bangalore / Bengaluru?

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

Experience	Average Salary Range
1 year	₹3.3 Lakhs to ₹5.5 Lakhs per year
2 years	₹4.8 Lakhs to ₹6.0 Lakhs per year
3 years	₹3.5 Lakhs to ₹5.2 Lakhs per year
4 years	₹3.3 Lakhs to ₹5.5 Lakhs per year

and so on.

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HDFC Life Assistant Manager Salaries in Bangalore / Bengaluru

HDFC Life Assistant Manager salary in Bangalore / Bengaluru ranges between ₹3.2 Lakhs to ₹6.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 51 HDFC Life latest salaries received from various employees of HDFC Life.