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HDFC Life Assistant Manager salaries in Mumbai (Updated 2025)

Annual salary range
1 - 10 years exp.
₹1.7 Lakh - ₹7 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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41% less than the average Assistant Manager Salary in Insurance Companies for 1 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Manager Salary
1 - 10 years exp. (33 salaries)
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₹1.7 L/yr - ₹7 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
1 - 10 years exp. (21 salaries)
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₹2.4 L/yr - ₹6.6 L/yr

Data Science & Analytics
Assistant Manager Salary
4 - 9 years exp. (6 salaries)
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₹3.5 L/yr - ₹5.4 L/yr

Finance & Accounting
Assistant Manager Salary
6 - 9 years exp. (6 salaries)
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₹4 L/yr - ₹6.5 L/yr

Human Resources
Assistant Manager Salary
6 - 8 years exp. (3 salaries)
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₹4.7 L/yr - ₹6.2 L/yr

View all

Last Updated: 18 Mar 2025

Companies similar to HDFC Life for Assistant Manager in Mumbai

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HDFC Life Assistant Manager Salary

1 - 10 years exp. (89 salaries)

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₹1.7 L/yr - ₹7 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹2 L/yr - ₹4.6 L/yr

arrow icon 24% less
1 job opening
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Tata AIA Life Insurance Assistant Manager Salary

2 - 17 years exp. (315 salaries)

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₹4.2 L/yr - ₹18 L/yr

arrow icon 108% more
29 job openings
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₹3 L/yr - ₹7 L/yr

arrow icon 11% more
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₹4 L/yr - ₹11 L/yr

arrow icon 51% more
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₹1.9 L/yr - ₹6.2 L/yr

arrow icon 6% less
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₹1.3 L/yr - ₹4.8 L/yr

arrow icon 28% less
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₹2.9 L/yr - ₹8.2 L/yr

arrow icon 2% more
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₹2.5 L/yr - ₹8 L/yr

arrow icon 7% less
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₹2.2 L/yr - ₹7.5 L/yr

arrow icon 13% less
20 job openings
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SBI General Insurance Assistant Manager Salary

0 - 11 years exp. (70 salaries)

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₹3.2 L/yr - ₹9 L/yr

arrow icon 10% less
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₹3 L/yr - ₹12 L/yr

arrow icon 56% more
1 job opening
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PNB MetLife Assistant Manager Salary

2 - 11 years exp. (55 salaries)

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₹2.5 L/yr - ₹8 L/yr

arrow icon 8% more
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₹2.9 L/yr - ₹8.9 L/yr

arrow icon 21% more
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₹3 L/yr - ₹8 L/yr

arrow icon 6% more
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₹3.9 L/yr - ₹9.3 L/yr

arrow icon 22% more
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₹11 L/yr - ₹18 L/yr

arrow icon 210% more
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₹1 L/yr - ₹8 L/yr

arrow icon 22% less
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₹9 L/yr - ₹15.5 L/yr

arrow icon 173% more
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₹11 L/yr - ₹19 L/yr

arrow icon 230% more
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Gallagher Assistant Manager Salary

8 - 14 years exp. (3 salaries)

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₹10 L/yr - ₹20 L/yr

arrow icon 227% more
Assistant Manager salary at HDFC Life ranges between ₹1.7 Lakh to ₹7 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 89 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Assistant Manager in Mumbai

2w ago
₹4.5 Lakhs
7 years exp.
3w ago
₹5 Lakhs
6 years exp.
1mo ago
₹6.5 Lakhs
6 years exp.
1mo ago
₹5 Lakhs
6 years exp.
2mo ago
₹3.8 Lakhs
5 years exp.
2mo ago
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9 years exp.
2mo ago
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8 years exp.
2mo ago
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9 years exp.
3mo ago
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8 years exp.
3mo ago
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7 years exp.

Experience wise HDFC Life Assistant Manager salaries in Mumbai

Last Updated: 18 Mar 2025

Experience Avg Annual Salary
1 year  (3 salaries)

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₹3.5 L/yr - ₹4.7 L/yr
2 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr
3 years  (3 salaries)

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₹3 L/yr - ₹5.7 L/yr
4 years  (9 salaries)

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₹1.7 L/yr - ₹6 L/yr
5 years  (15 salaries)

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₹3 L/yr - ₹6 L/yr
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Similar Designation salaries in HDFC Life

Deputy Manager Salary
(424 salaries)
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₹3.5 L/yr - ₹13 L/yr
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₹2 L/yr - ₹5 L/yr
Sales Manager Salary
(91 salaries)
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₹2.2 L/yr - ₹7.5 L/yr
Branch Manager Salary
(31 salaries)
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₹5.5 L/yr - ₹12.5 L/yr
Team Manager Salary
(9 salaries)
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₹5.7 L/yr - ₹6.97 L/yr
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₹1.45 L/yr - ₹10 L/yr

Top skills at HDFC Life for Assistant Manager

Actuarial Communication Skills Letter Drafting Collections Data Analysis

Salary related reviews for HDFC Life

2.4

Rated by 13 employees for salary & benefits

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

read more
  • Job security - Good
  • +1 more

Dislikes

heavy workload, minimal scope for promotion, average performance appraisals

  • Promotions - Poor

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

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

Full Time

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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.

read more
  • 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.

read more
  • Salary - Poor

Full Time

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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.

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  • 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.

read more
  • Promotions - Poor

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.

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  • Salary - Bad
  • +6 more
see more salary related reviews

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HDFC Life Assistant Manager Salary FAQs

What is the salary of Assistant Manager at HDFC Life in Mumbai?
The average salary of a Assistant Manager at HDFC Life in Mumbai typically ranges from ₹1.7 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Assistant Manager in Mumbai at HDFC Life earn more than ₹6.1 Lakhs per year, and the top 1% earn over ₹7.0 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 80+ HDFC Life employees in India.
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 in Mumbai typically ranges from ₹36,587 to ₹37,803 per month. This is based on the average salary range of ₹1.7 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 1 year to 10 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 80+ 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 Mumbai?
To be a Assistant Manager at HDFC Life in Mumbai, 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 ₹11.0 Lakhs to ₹19.0 Lakhs per year
Gallagher ₹10.0 Lakhs to ₹20.0 Lakhs per year
The New India Assurance Co. ₹11.0 Lakhs to ₹18.0 Lakhs per year
The Oriental Insurance Co. ₹9.0 Lakhs to ₹15.5 Lakhs per year
Tata AIA Life Insurance ₹4.2 Lakhs to ₹18.0 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 Mumbai?
The salary of a Assistant Manager at companies similar to HDFC Life in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance ₹3.0 Lakhs to ₹12.0 Lakhs per year
SBI Life Insurance Company ₹4.0 Lakhs to ₹11.0 Lakhs per year
ICICI Lombard General Insurance Company ₹3.9 Lakhs to ₹9.3 Lakhs per year
Aditya Birla Insurance Brokers ₹2.9 Lakhs to ₹8.9 Lakhs per year
ICICI Prudential Life Insurance ₹3.0 Lakhs to ₹7.0 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 Assistant Manager at HDFC Life in Mumbai?
The salary growth for a Assistant Manager at HDFC Life in Mumbai depends on factors such as experience, performance, and promotions. On average, a Assistant Manager in Mumbai can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
1 year ₹3.5 Lakhs to ₹4.7 Lakhs per year
2 years ₹4.1 Lakhs to ₹5.2 Lakhs per year
3 years ₹3.0 Lakhs to ₹5.7 Lakhs per year
4 years ₹1.7 Lakhs to ₹6.0 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Life Assistant Manager salary in Mumbai ranges between ₹1.7 Lakh to ₹7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 89 HDFC Life latest salaries received from various employees of HDFC Life.