HDFC Life Mumbai Assistant Manager Salaries by 70+ Employees (Updated 2025)

1 - 9 years exp.

₹3 Lakhs - ₹7.5 Lakhs

Salary of majority employees

42% 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 2 - 9 years exp. (26 salaries)	₹3 L/yr - ₹6.4 L/yr
Customer Success, Service & Operations Assistant Manager Salary 1 - 9 years exp. (17 salaries)	₹3.2 L/yr - ₹6.5 L/yr
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Finance & Accounting Assistant Manager Salary 6 - 9 years exp. (7 salaries)	₹4 L/yr - ₹7.5 L/yr
Data Science & Analytics Assistant Manager Salary 4 - 9 years exp. (6 salaries)	₹3.5 L/yr - ₹5.4 L/yr
Human Resources Assistant Manager Salary 6 - 8 years exp. (3 salaries)	₹4.8 L/yr - ₹6.2 L/yr

View all

Last Updated: 29 Jan 2025

Companies similar to HDFC Life for Assistant Manager in Mumbai

HDFC Life Assistant Manager Salary

1 - 9 years exp. (79 salaries)

₹3 L/yr - ₹7.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Assistant Manager Salary 1 - 13 years exp. (240 salaries)	₹3 L/yr - ₹7 L/yr 12% more
SBI Life Insurance Company Assistant Manager Salary 0 - 13 years exp. (183 salaries)	₹4 L/yr - ₹11 L/yr 55% more
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Max Life Insurance Assistant Manager Salary 0 - 10 years exp. (72 salaries)	₹2.2 L/yr - ₹7.5 L/yr 11% less	11 job openings
Bajaj Allianz Life Insurance Assistant Manager Salary 2 - 14 years exp. (62 salaries)	₹3 L/yr - ₹12 L/yr 52% more	1 job opening
Tata AIA Life Insurance Assistant Manager Salary 2 - 18 years exp. (305 salaries)	₹5 L/yr - ₹18 L/yr 111% more	45 job openings
Kotak Mahindara Life Insurance Assistant Manager Salary 0 - 8 years exp. (396 salaries)	₹2 L/yr - ₹4.6 L/yr 22% less	2 job openings
Aditya Birla Sun Life Insurance Assistant Manager Salary 0 - 10 years exp. (145 salaries)	₹2 L/yr - ₹6.2 L/yr 8% less
Kotak Mahindra General Insurance Assistant Manager Salary 1 - 8 years exp. (123 salaries)	₹1.5 L/yr - ₹4.7 L/yr 25% less
HDFC Ergo General Insurance Assistant Manager Salary 1 - 11 years exp. (107 salaries)	₹2.9 L/yr - ₹7.3 L/yr 2% more
Reliance Nippon Life Insurance Assistant Manager Salary 2 - 15 years exp. (71 salaries)	₹2 L/yr - ₹7 L/yr 7% less
PNB MetLife Assistant Manager Salary 2 - 11 years exp. (56 salaries)	₹2.5 L/yr - ₹8 L/yr 3% more	3 job openings
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Aditya Birla Insurance Brokers Assistant Manager Salary 3 - 10 years exp. (27 salaries)	₹2.9 L/yr - ₹8.9 L/yr 27% more
ICICI Lombard General Insurance Company Assistant Manager Salary 2 - 10 years exp. (23 salaries)	₹3 L/yr - ₹9.3 L/yr 28% more
Star Health & Allied Insurance Assistant Manager Salary 3 - 12 years exp. (23 salaries)	₹3 L/yr - ₹8 L/yr 7% more
The New India Assurance Co. Assistant Manager Salary 7 - 11 years exp. (8 salaries)	₹11 L/yr - ₹18 L/yr 220% more
Gallagher Assistant Manager Salary 8 - 16 years exp. (5 salaries)	₹10 L/yr - ₹14.8 L/yr 202% more
The Oriental Insurance Co. Assistant Manager Salary 3 - 9 years exp. (4 salaries)	₹9 L/yr - ₹15.5 L/yr 170% more
United India Insurance Company Assistant Manager Salary 6 - 11 years exp. (4 salaries)	₹11 L/yr - ₹19 L/yr 225% more

Assistant Manager salary at HDFC Life ranges between ₹3 Lakhs to ₹7.5 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 79 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Assistant Manager salaries in Mumbai

Last Updated: 29 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4 L/yr - ₹4.7 L/yr
2 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹8.1 L/yr
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3 years (3 salaries)	₹3 L/yr - ₹5.7 L/yr
4 years (7 salaries)	₹3 L/yr - ₹6 L/yr
5 years (15 salaries)	₹3 L/yr - ₹6 L/yr
6 years (14 salaries)	₹3.5 L/yr - ₹6.5 L/yr
7 years (14 salaries)	₹3.5 L/yr - ₹7.5 L/yr
8 years (11 salaries)	₹3.8 L/yr - ₹6.5 L/yr
9 years (11 salaries)	₹3.5 L/yr - ₹7 L/yr

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Similar Designation salaries in HDFC Life

Deputy Manager Salary

(429 salaries)

₹3.5 L/yr - ₹14.4 L/yr

Relationship Manager Salary

(93 salaries)

₹2 L/yr - ₹4.5 L/yr

Sales Manager Salary

(91 salaries)

₹2.2 L/yr - ₹7.15 L/yr

Branch Manager Salary

(31 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Operations Manager Salary

(9 salaries)

₹1.45 L/yr - ₹10 L/yr

Team Manager Salary

(7 salaries)

₹5 L/yr - ₹7.64 L/yr

Top skills at HDFC Life for Assistant Manager

Actuarial Communication Skills Letter Drafting Collections Data Analysis

Salary related reviews for HDFC Life

2.3

Rated by 12 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

Job security - Good

+1 more

Dislikes

heavy workload, minimal scope for promotion, average performance appraisals

Promotions - Poor

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.

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

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

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Salary Discussions, Hike & Promotions

fathersahaab

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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HDFC Life Assistant Manager Salary FAQs

What is the salary of Assistant Manager at HDFC Life Mumbai?

Assistant Manager salary at HDFC Life in Mumbai ranges between ₹3.0 Lakhs to ₹7.5 Lakhs for experience between 1 years to 9 years. According to our estimates it is 42% less than the average Assistant Manager Salary in India. Salary estimates are based on 79 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Assistant Manager at HDFC Life is 42% less than the average salary of a Assistant Manager in Mumbai. 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 Mumbai.

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

United India Insurance Company Assistant Manager Salary - ₹11.0 Lakhs to ₹19.0 Lakhs per year
The New India Assurance Co. Assistant Manager Salary - ₹11.0 Lakhs to ₹18.0 Lakhs per year
Gallagher Assistant Manager Salary - ₹10.0 Lakhs to ₹14.8 Lakhs per year
The Oriental Insurance Co. Assistant Manager Salary - ₹9.0 Lakhs to ₹15.5 Lakhs per year
Tata AIA Life Insurance Assistant Manager Salary - ₹5.0 Lakhs to ₹18.0 Lakhs per year

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

SBI Life Insurance Company Assistant Manager Salary - ₹4.0 Lakhs to ₹11.0 Lakhs per year
Bajaj Allianz Life Insurance Assistant Manager Salary - ₹3.0 Lakhs to ₹12.0 Lakhs per year
ICICI Lombard General Insurance Company Assistant Manager Salary - ₹3.0 Lakhs to ₹9.3 Lakhs per year
Aditya Birla Insurance Brokers Assistant Manager Salary - ₹2.9 Lakhs to ₹8.9 Lakhs per year
ICICI Prudential Life Insurance Assistant Manager Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year

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

The estimated take-home salary of a Assistant Manager at HDFC Life ranges between ₹35,675 per month to ₹36,904 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Assistant Manager salary in India which ranges between ₹3.0 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 in Mumbai?

According to AmbitionBox, 61% of the HDFC Life Assistant Managers in Mumbai reported a notice period of 2 Months, 18% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 56 responses on AmbitionBox in last 2 years.

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HDFC Life Assistant Manager Salaries in Mumbai

HDFC Life Assistant Manager salary in Mumbai ranges between ₹3 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 79 HDFC Life latest salaries received from various employees of HDFC Life.