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HDFC Life

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4.0

based on 9.1k Reviews

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HDFC Life Associate Manager salaries in Mumbai (Updated 2025)

Annual salary range
0 - 12 years exp.
₹2.5 Lakhs - ₹6.9 Lakhs
Salary of majority employees
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72% less than the average Associate Manager Salary in Insurance Companies for 0 - 12 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Customer Success, Service & Operations
Associate Manager Salary
0 - 12 years exp. (185 salaries)
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₹2.6 L/yr - ₹6.8 L/yr

BFSI, Investments & Trading
Associate Manager Salary
0 - 12 years exp. (175 salaries)
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₹2.5 L/yr - ₹6.6 L/yr

Finance & Accounting
Associate Manager Salary
1 - 12 years exp. (47 salaries)
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₹3.2 L/yr - ₹6.9 L/yr

Data Science & Analytics
Associate Manager Salary
3 - 8 years exp. (15 salaries)
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₹3.2 L/yr - ₹6.2 L/yr

Human Resources
Associate Manager Salary
2 - 10 years exp. (11 salaries)
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₹3 L/yr - ₹6.5 L/yr

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Last Updated: 28 Feb 2025

Companies similar to HDFC Life for Associate Manager in Mumbai

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HDFC Life Associate Manager Salary

0 - 12 years exp. (541 salaries)
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₹2.5 L/yr - ₹6.9 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Prudential Life Insurance Associate Manager Salary

0 - 6 years exp. (18 salaries)
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₹2 L/yr - ₹5 L/yr

arrow icon 19% less
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Max Life Insurance Associate Manager Salary

2 - 7 years exp. (11 salaries)
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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 22% less
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Bajaj Allianz Life Insurance Associate Manager Salary

5 - 10 years exp. (4 salaries)
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₹6.5 L/yr - ₹9.9 L/yr

arrow icon 61% more
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ICICI Lombard General Insurance Company Associate Manager Salary

2 - 12 years exp. (18 salaries)
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₹6.1 L/yr - ₹10 L/yr

arrow icon 74% more
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HDFC Ergo General Insurance Associate Manager Salary

2 - 10 years exp. (5 salaries)
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₹3 L/yr - ₹5.7 L/yr

arrow icon 10% less
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Kotak Mahindara Life Insurance Associate Manager Salary

2 - 4 years exp. (3 salaries)
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₹3.3 L/yr - ₹4.8 L/yr

arrow icon 20% less

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Associate Manager salary at HDFC Life ranges between ₹2.5 Lakhs to ₹6.9 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 541 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Associate Manager in Mumbai

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Experience wise HDFC Life Associate Manager salaries in Mumbai

Last Updated: 28 Feb 2025

Experience Avg Annual Salary
Fresher  (5 salaries)

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₹3 L/yr - ₹5.1 L/yr
1 year  (7 salaries)

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₹4 L/yr - ₹5.6 L/yr
2 years  (22 salaries)

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₹3 L/yr - ₹5.4 L/yr
3 years  (45 salaries)

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₹2.5 L/yr - ₹6 L/yr
4 years  (66 salaries)

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₹2.5 L/yr - ₹6 L/yr
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HDFC Life Associate Manager Salary and Career Growth

From

To

Associate Manager

₹unlock blur Lakhs/yr

0 - 12 years exp.

Senior Manager

₹unlock blur Lakhs/yr

2 - 18 years exp.

Associate Manager 0 - 12 years exp.
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Deputy Manager 0 - 15 years exp.
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arrow icon 64% hike
Manager 2 - 16 years exp.
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arrow icon 16% hike

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Similar Designation salaries in HDFC Life

Senior Associate Salary
(472 salaries)
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₹1.1 L/yr - ₹4.6 L/yr
Software Engineer Salary
(20 salaries)
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₹7.5 L/yr - ₹24 L/yr
Project Manager Salary
(16 salaries)
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₹6.56 L/yr - ₹16.5 L/yr
Team Lead Salary
(5 salaries)
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₹3.26 L/yr - ₹7 L/yr

Top skills at HDFC Life for Associate Manager

Life Insurance Grievance Handling Communication Skills Customer Service General Insurance
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Salary related reviews for HDFC Life

3.1

Rated by 53 employees for salary & benefits

Associate Manager in Mumbai

Technology Department

5.0
  •  posted on 17 Apr 2018
3.0
 for  Salary and Benefits

Likes

Career growth is excellent, leadership skills is added advantage.

  • Skill development - Excellent
    • +3 more

Dislikes

Personal growth in terms of salary is too poor, no values/rewards for excellent work. The salary structure for eg variable is included in the CTC which is worst as other standard organisation. Variable commitments are too poor.

read more

Associate Manager in Bhubaneswar

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 08 Jun 2023
4.0
 for  Salary and Benefits

Likes

As a corporate getting salary on time till I am here. But Now just want to switch.

read more
  • Salary - Good

Dislikes

They hire for one role then will give sales target more then a sales officer always treating like they did favour by giving the job. But didn't know we have selected by giving the examination and multiple interview. And after that thay pinch you they did a wrong selection.

read more

Associate Manager in Hubli

Full Time

 · 

Customer Success, Service & Operations Department

5.0
  •  posted on 02 Oct 2022
3.0
 for  Salary and Benefits

Likes

I was there in the company for 5.10 years the company work experience is life time in mind. The best company for updating degital services n customer oriented.

read more
  • Skill development - Excellent
    • +5 more

Dislikes

There are no growth in Salary matters since for vintage employees.

Associate Manager in Mumbai Goregaon

Full Time

 · 

Customer Success, Service & Operations Department

4.0
  •  posted on 25 Oct 2022
5.0
 for  Salary and Benefits

Likes

Well it's depends upon your department. Service branch operations culture is not much good what we think about HDFC LIFE from outside.

read more
  • Salary - Excellent
    • +6 more

Dislikes

Not satisfied with work environment, No increament, no Bonus and No job satisfaction. Only have Brand name nothing else.

read more

Associate Manager in Thane

BFSI, Investments & Trading Department

3.0
  •  posted on 05 May 2020
2.0
 for  Salary and Benefits

Likes

We all are doing work from home,but still company is giving full salary without any deduction.

read more
  • Skill development - Good

Dislikes

Appraisal is not happened in current situation i.e covid 19 Wherever we did in last FY we are not getting increment. Company have earn profit in last FY but still management has taken decision there is no increment to all employee.

read more
  • Salary - Poor
    • +2 more
see more salary related reviews

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Salary Discussions, Hike & Promotions
1w (edited)
an associate vice president
Offer Accepted
I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more
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HDFC Life Associate Manager Salary FAQs

What is the salary of Associate Manager at HDFC Life Mumbai?
Associate Manager salary at HDFC Life in Mumbai ranges between ₹2.5 Lakhs to ₹6.9 Lakhs for less than 1 year of experience to 12 years. According to our estimates it is 72% less than the average Associate Manager Salary in India. Salary estimates are based on 541 latest salaries received from various employees of HDFC Life Mumbai.
How does the salary of a Associate Manager at HDFC Life Mumbai compare with the average salary range for this job?
The average salary of a Associate Manager at HDFC Life is 72% less than the average salary of a Associate Manager in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Associate Manager at HDFC Life?
Life Insurance, Grievance Handling, Communication Skills, Customer Service and General Insurance are some of the popular skills required to work as a Associate Manager at HDFC Life Mumbai.
Which similar companies are paying more than HDFC Life to a Associate Manager in Mumbai?
  • ICICI Lombard General Insurance Company Associate Manager Salary - ₹6.1 Lakhs to ₹10.0 Lakhs per year
  • Bajaj Allianz Life Insurance Associate Manager Salary - ₹6.5 Lakhs to ₹9.9 Lakhs per year
What is the salary of a Associate Manager in companies similar to HDFC Life in Mumbai?
  • HDFC Ergo General Insurance Associate Manager Salary - ₹3.0 Lakhs to ₹5.7 Lakhs per year
  • ICICI Prudential Life Insurance Associate Manager Salary - ₹2.0 Lakhs to ₹5.0 Lakhs per year
  • Kotak Mahindara Life Insurance Associate Manager Salary - ₹3.3 Lakhs to ₹4.8 Lakhs per year
  • Max Life Insurance Associate Manager Salary - ₹2.5 Lakhs to ₹4.5 Lakhs per year
What is the estimated take home salary of a Associate Manager at HDFC Life in Mumbai?
The estimated take-home salary of a Associate Manager at HDFC Life ranges between ₹35,730 per month to ₹36,959 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Associate Manager salary in India which ranges between ₹2.5 Lakhs to ₹6.9 Lakhs per year for employees with less than 1 year of experience to 12 years. Check how did we calculate take home salary?
What is the notice period for Associate Manager at HDFC Life in Mumbai?
According to AmbitionBox, 69% of the HDFC Life Associate Managers in Mumbai reported a notice period of 2 Months, 16% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 304 responses on AmbitionBox in last 2 years.

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HDFC Life Associate Manager salary in Mumbai ranges between ₹2.5 Lakhs to ₹6.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 541 HDFC Life latest salaries received from various employees of HDFC Life.