HDFC Life Mumbai Suburban Assistant Manager Salaries by 6 Employees (Updated 2025)

3 - 8 years exp.

₹3.5 Lakhs - ₹6.3 Lakhs

Salary of majority employees

34% less than the average Assistant Manager Salary in Insurance Companies for 3 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 4 - 8 years exp. (4 salaries)	₹3.5 L/yr - ₹5 L/yr
Data Science & Analytics Assistant Manager Salary 3 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.3 L/yr
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Finance & Accounting Assistant Manager Salary 4 years exp. (AmbitionBox Estimate)	₹4.7 L/yr - ₹6.3 L/yr

Last Updated: 4 Jan 2025

Companies similar to HDFC Life for Assistant Manager in Mumbai Suburban

HDFC Life Assistant Manager Salary

3 - 8 years exp. (6 salaries)

₹3.5 L/yr - ₹6.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Assistant Manager Salary 0 - 7 years exp. (45 salaries)	₹2.3 L/yr - ₹4.1 L/yr 23% less	1 job opening
Reliance Nippon Life Insurance Assistant Manager Salary 4 - 12 years exp. (6 salaries)	₹3.1 L/yr - ₹5.2 L/yr 14% less
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Kotak Mahindra General Insurance Assistant Manager Salary 2 - 4 years exp. (5 salaries)	₹2.3 L/yr - ₹4 L/yr 25% less
PNB MetLife Assistant Manager Salary 7 - 9 years exp. (3 salaries)	₹3.9 L/yr - ₹6.8 L/yr 2% less	2 job openings
Kotak Securities Assistant Manager Salary 0 - 7 years exp. (63 salaries)	₹1.8 L/yr - ₹4.5 L/yr 28% less	5 job openings

Assistant Manager salary at HDFC Life ranges between ₹3.5 Lakhs to ₹6.3 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 6 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Assistant Manager salaries in Mumbai Suburban

Last Updated: 4 Jan 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.2 L/yr
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.3 L/yr
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5 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5 L/yr
6 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
8 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹9 L/yr

View all

Similar Designation salaries in HDFC Life

Senior Associate Salary

(31 salaries)

₹1.97 L/yr - ₹4.15 L/yr

Top skills at HDFC Life for Assistant Manager

Actuarial Communication Skills Letter Drafting Collections Data Analysis

Salary related reviews for HDFC Life

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

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a social media specialist

Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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HDFC Life Assistant Manager Salary FAQs

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

Assistant Manager salary at HDFC Life in Mumbai Suburban ranges between ₹3.5 Lakhs to ₹6.3 Lakhs for experience between 3 years to 8 years. According to our estimates it is 34% less than the average Assistant Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of HDFC Life Mumbai Suburban.

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

The average salary of a Assistant Manager at HDFC Life is 34% less than the average salary of a Assistant Manager in Mumbai Suburban. 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 Suburban.

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

PNB MetLife Assistant Manager Salary - ₹3.9 Lakhs to ₹6.8 Lakhs per year
Reliance Nippon Life Insurance Assistant Manager Salary - ₹3.1 Lakhs to ₹5.2 Lakhs per year
Kotak Mahindara Life Insurance Assistant Manager Salary - ₹2.3 Lakhs to ₹4.1 Lakhs per year
Kotak Mahindra General Insurance Assistant Manager Salary - ₹2.3 Lakhs to ₹4.0 Lakhs per year
Kotak Securities Assistant Manager Salary - ₹1.8 Lakhs to ₹4.5 Lakhs per year

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

The estimated take-home salary of a Assistant Manager at HDFC Life ranges between ₹35,421 per month to ₹36,654 per month in Mumbai Suburban. The take-home salary calculation is based on the average HDFC Life Assistant Manager salary in India which ranges between ₹3.5 Lakhs to ₹6.3 Lakhs per year for employees with experience between 3 years to 8 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the HDFC Life Assistant Managers in Mumbai Suburban reported a notice period of 2 Months, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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HDFC Life Assistant Manager Salaries in Mumbai Suburban

HDFC Life Assistant Manager salary in Mumbai Suburban ranges between ₹3.5 Lakhs to ₹6.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 HDFC Life latest salaries received from various employees of HDFC Life.