HDFC Life Mumbai Associate Manager Salaries by 500+ Employees (Updated 2025)

0 - 12 years exp.

₹2.4 Lakhs - ₹7 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

72% less than the average Associate Manager Salary in Insurance Companies for 0 - 12 years of experience

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Salaries in different departments

Customer Success, Service & Operations Associate Manager Salary 0 - 12 years exp. (189 salaries)	₹2.6 L/yr - ₹6.8 L/yr
BFSI, Investments & Trading Associate Manager Salary 0 - 12 years exp. (173 salaries)	₹2.4 L/yr - ₹6.6 L/yr
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Finance & Accounting Associate Manager Salary 1 - 12 years exp. (50 salaries)	₹3.2 L/yr - ₹7 L/yr
Data Science & Analytics Associate Manager Salary 3 - 8 years exp. (15 salaries)	₹3.2 L/yr - ₹6.2 L/yr
Human Resources Associate Manager Salary 2 - 10 years exp. (11 salaries)	₹3 L/yr - ₹6.5 L/yr

View all

Last Updated: 4 Apr 2025

Companies similar to HDFC Life for Associate Manager in Mumbai

HDFC Life Associate Manager Salary

0 - 12 years exp. (548 salaries)

₹2.4 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Associate Manager Salary 0 - 6 years exp. (18 salaries)	₹2 L/yr - ₹5 L/yr 13% less
ICICI Lombard General Insurance Company Associate Manager Salary 2 - 12 years exp. (17 salaries)	₹6.1 L/yr - ₹10 L/yr 67% more
Login to view exact salary
Axis Max Life Insurance Associate Manager Salary 3 - 7 years exp. (10 salaries)	₹2.5 L/yr - ₹4.5 L/yr 21% less
Bajaj Allianz Life Insurance Associate Manager Salary 5 - 10 years exp. (5 salaries)	₹6.5 L/yr - ₹9.9 L/yr 69% more
HDFC Ergo General Insurance Associate Manager Salary 2 - 10 years exp. (5 salaries)	₹3 L/yr - ₹5.7 L/yr 10% less
Kotak Mahindara Life Insurance Associate Manager Salary 2 - 4 years exp. (4 salaries)	₹1.9 L/yr - ₹4.8 L/yr 23% less

Associate Manager salary at HDFC Life ranges between ₹2.4 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 548 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Associate Manager in Mumbai

3d ago

₹5 Lakhs

6 years exp.

3d ago

₹6.9 Lakhs

8 years exp.

3d ago

₹5 Lakhs

12 years exp.

4d ago

₹5.9 Lakhs

11 years exp.

4d ago

₹5.3 Lakhs

5 years exp.

6d ago

8 years exp.

1w ago

5 years exp.

2w ago

8 years exp.

2w ago

9 years exp.

2w ago

7 years exp.

Experience wise HDFC Life Associate Manager salaries in Mumbai

Last Updated: 4 Apr 2025

Experience	Avg Annual Salary
Fresher (4 salaries)	₹3 L/yr - ₹5 L/yr
1 year (7 salaries)	₹4 L/yr - ₹5.6 L/yr
Login to view exact salary
2 years (21 salaries)	₹3 L/yr - ₹5.4 L/yr
3 years (46 salaries)	₹2.5 L/yr - ₹6 L/yr
4 years (67 salaries)	₹2.5 L/yr - ₹6.5 L/yr
5 years (97 salaries)	₹3 L/yr - ₹7 L/yr
6 years (91 salaries)	₹2.4 L/yr - ₹6.5 L/yr
7 years (78 salaries)	₹3 L/yr - ₹6.6 L/yr
8 years (49 salaries)	₹3 L/yr - ₹6.9 L/yr
9 years (35 salaries)	₹3.2 L/yr - ₹6.2 L/yr
10 years (24 salaries)	₹3.3 L/yr - ₹6.6 L/yr
11 years (11 salaries)	₹3.8 L/yr - ₹6.8 L/yr
12 years (18 salaries)	₹3.8 L/yr - ₹6.5 L/yr

View all

From

Associate Manager

₹

Lakhs/yr

0 - 12 years exp.

Senior Manager

₹

Lakhs/yr

2 - 20 years exp.

Associate Manager

0 - 12 years exp.

Deputy Manager

2 - 15 years exp.

66% hike

Manager

2 - 16 years exp.

13% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in HDFC Life

Senior Associate Salary

(496 salaries)

₹1.05 L/yr - ₹4.6 L/yr

Software Engineer Salary

(19 salaries)

₹7.5 L/yr - ₹25 L/yr

Project Manager Salary

(16 salaries)

₹6.56 L/yr - ₹16.5 L/yr

Team Lead Salary

(5 salaries)

₹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

Salary related reviews for HDFC Life

3.0

Rated by 55 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.

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.

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.

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.

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.

Salary - Excellent

+6 more

Dislikes

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

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.

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.

Salary - Poor

+2 more

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Top trending discussions

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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 Manager Salary FAQs

What is the salary of Associate Manager at HDFC Life in Mumbai?

The average salary of a Associate Manager at HDFC Life in Mumbai typically ranges from ₹2.4 Lakhs to ₹7.0 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Associate Manager in Mumbai at HDFC Life earn more than ₹5.7 Lakhs per year, and the top 1% earn over ₹6.6 Lakhs per year. Associate 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 500+ HDFC Life employees in India.

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 in Mumbai typically ranges from ₹35,883 to ₹37,110 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from Fresher to 12 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 500+ 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 Associate Manager at HDFC Life in Mumbai?

To be a Associate Manager at HDFC Life in Mumbai, the key skills required include:

- Life Insurance
- Grievance Handling
- Communication Skills
- Customer Service
- General Insurance

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 Associate Manager in India?

Bajaj Allianz Life Insurance	₹6.5 Lakhs to ₹9.9 Lakhs per year
ICICI Lombard General Insurance Company	₹6.1 Lakhs to ₹10.0 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 Associate Manager in companies similar to HDFC Life in Mumbai?

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

HDFC Ergo General Insurance	₹3.0 Lakhs to ₹5.7 Lakhs per year
ICICI Prudential Life Insurance	₹2.0 Lakhs to ₹5.0 Lakhs per year
Axis Max Life Insurance	₹2.5 Lakhs to ₹4.5 Lakhs per year
Kotak Mahindara Life Insurance	₹1.9 Lakhs to ₹4.8 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 Manager at HDFC Life in Mumbai?

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

Experience	Average Salary Range
Fresher	₹3.0 Lakhs to ₹5.0 Lakhs per year
1 year	₹4.0 Lakhs to ₹5.6 Lakhs per year
2 years	₹3.0 Lakhs to ₹5.4 Lakhs per year
3 years	₹2.5 Lakhs to ₹6.0 Lakhs per year

and so on.

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HDFC Life Associate Manager Salaries in Mumbai

HDFC Life Associate Manager salary in Mumbai ranges between ₹2.4 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 548 HDFC Life latest salaries received from various employees of HDFC Life.

HDFC Life Associate Manager salaries in Mumbai (Updated 2025)

Companies similar to HDFC Life for Associate Manager in Mumbai

Latest annual salaries shared by HDFC Life Associate Manager in Mumbai

Experience wise HDFC Life Associate Manager salaries in Mumbai

Similar Designation salaries in HDFC Life

Top skills at HDFC Life for Associate Manager

Salary related reviews for HDFC Life

Associate Manager in Mumbai

Associate Manager in Bhubaneswar

Associate Manager in Hubli

Associate Manager in Mumbai Goregaon

Associate Manager in Thane

HDFC Life Associate Manager Salary FAQs

Tell us how to improve this page.