HDFC Life Associate Financial Service Manager Salaries by 6 Employees

1 - 6 years exp.

₹3 Lakhs - ₹3.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

13% less than the average Associate Financial Service Manager Salary in Insurance Companies for 1 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Financial Service Manager Salary 1 - 6 years exp. (3 salaries)	₹3 L/yr - ₹3.2 L/yr
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Finance & Accounting Associate Financial Service Manager Salary 6 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 12 May 2024

Companies similar to HDFC Life for Associate Financial Service Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Associate Financial Service Manager Salary 0 - 7 years exp. (939 salaries)	₹1.9 L/yr - ₹4.6 L/yr 17% more
Bajaj Allianz Life Insurance Associate Financial Service Manager Salary 0 - 5 years exp. (35 salaries)	₹2.4 L/yr - ₹3 L/yr 20% less
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Tata AIA Life Insurance Associate Financial Service Manager Salary 1 - 7 years exp. (6 salaries)	₹3.7 L/yr - ₹3.9 L/yr 18% more
ICICI Bank Associate Financial Service Manager Salary 3 - 6 years exp. (13 salaries)	₹2.8 L/yr - ₹3.5 L/yr 6% less
ICICI Prudential Mutual Fund Associate Financial Service Manager Salary 0 - 4 years exp. (5 salaries)	₹2.7 L/yr - ₹4.5 L/yr 8% more

Associate Financial Service Manager salary at HDFC Life ranges between ₹3 Lakhs to ₹3.5 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 6 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Associate Financial Service Manager salaries

Last Updated: 12 May 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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3 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
4 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.6 L/yr
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr

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Salary related reviews for HDFC Life

Corporate Agency Manager in Karnal

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 13 Mar 2025

3.0

for Salary and Benefits

Likes

Job security is the thing which i can say is good. Working culture is somewhat good.

Skill development - Good

+3 more

Dislikes

Salary hike is not so good like 4 to 5 percent annually only. There is no skill development options, you have to go in the morning and come back at the evening and this happens daily nothing new.

Senior Corporate Agency Manager in Tirunelveli

Full Time

Sales & Business Development Department

4.0

• posted on 28 Feb 2025

3.0

for Salary and Benefits

Likes

In HDFC Life There is time to work life balance. There is no more such pressure about Targets (Depends upon L1 Manager). The brand value is easy to convert among competitors.

Job security - Excellent

+3 more

Dislikes

Salary is very low which is mentioned in payslip. Even HR also didn't know about employees salary. HR department is very week and they didn't care about employees. Very worst department in HDFC LIFE.

Senior Corporate Agency Manager in Bareilly

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 09 Feb 2025

4.0

for Salary and Benefits

Likes

Salary credited process is very good Working culture is Average good

Salary - Good

+1 more

Dislikes

HR is very irresponsible or no one Hr's not responding any reply by call or emails, they ignoring all employees calls, messages and emails...

Job security - Poor

+1 more

Corporate Agency Manager in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 27 Jan 2025

1.0

for Salary and Benefits

Likes

There is nothing to like about this company

Dislikes

HDFC Life primarily exploits its employees by imposing excessive work pressure and making unnecessary salary deductions. They promise promotions twice a year, but these commitments are often ignored due to office politics. There is a notable lack of job security, and the company does not provide any training during the induction process. Employees are expected to perform tasks without proper guidance. The company culture is poor; it relies solely on its brand name while subjecting employees to undue stress. There is a lack of transparency regarding targets and achievements, leading to significant mental pressure. As a result, the work-life balance is severely affected, and most employees do not feel valued in this environment.

Salary - Bad

+6 more

Senior Corporate Agency Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 08 Nov 2024

4.0

for Salary and Benefits

Likes

Skill development is good more knowledge we gets about product clearly

Salary - Good

+3 more

Dislikes

...nsent about the employee only they listen what our bosses say not to employees, Higher New employees giving higher designation and salary hike instade of give to our old employees

Promotions - Bad

+2 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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HDFC Life Associate Financial Service Manager Salary FAQs

What is the salary of Associate Financial Service Manager at HDFC Life ?

The average salary of a Associate Financial Service Manager at HDFC Life in India typically ranges from ₹3.0 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Associate Financial Service Manager at HDFC Life earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Associate Financial Service 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 6 HDFC Life employees in India.

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

The estimated take-home salary of a Associate Financial Service Manager at HDFC Life in India typically ranges from ₹22,621 to ₹24,095 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 1 year to 6 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 6 salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDFC Life for Associate Financial Service Manager in India?

Tata AIA Life Insurance	₹3.7 Lakhs to ₹3.9 Lakhs per year
ICICI Prudential Life Insurance	₹1.9 Lakhs to ₹4.6 Lakhs per year
ICICI Prudential Mutual Fund	₹2.7 Lakhs to ₹4.5 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 Associate Financial Service Manager in companies similar to HDFC Life in India?

The salary of a Associate Financial Service Manager at companies similar to HDFC Life in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Bank	₹2.8 Lakhs to ₹3.5 Lakhs per year
Bajaj Allianz Life Insurance	₹2.4 Lakhs to ₹3.0 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 Associate Financial Service Manager at HDFC Life in India?

The salary growth for a Associate Financial Service Manager at HDFC Life depends on factors such as experience, performance, and promotions. On average, a Associate Financial Service Manager can expect the following growth trajectory at HDFC Life:

Experience	Average Salary Range
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
2 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
3 years	₹2.8 Lakhs to ₹3.6 Lakhs per year
4 years	₹2.9 Lakhs to ₹3.6 Lakhs per year

and so on.

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HDFC Life Associate Financial Service Manager Salaries

HDFC Life Associate Financial Service Manager salary in India ranges between ₹3 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 HDFC Life latest salaries received from various employees of HDFC Life.