HDFC Life Mumbai Associate Salaries by 100+ Employees (Updated 2025)

0 - 3 years exp.

₹1.1 Lakh - ₹3.3 Lakhs

Salary of majority employees

75% less than the average Associate Salary in Insurance Companies for 0 - 3 years of experience

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Salaries in different departments

Customer Success, Service & Operations Associate Salary 0 - 3 years exp. (44 salaries)	₹1.3 L/yr - ₹2.9 L/yr
BFSI, Investments & Trading Associate Salary 0 - 3 years exp. (37 salaries)	₹1.1 L/yr - ₹3.2 L/yr
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Finance & Accounting Associate Salary 0 - 3 years exp. (8 salaries)	₹1.4 L/yr - ₹3 L/yr
Administration & Facilities Associate Salary 1 - 2 years exp. (5 salaries)	₹1.4 L/yr - ₹2.3 L/yr
Human Resources Associate Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.2 L/yr

Last Updated: 28 Feb 2025

Companies similar to HDFC Life for Associate in Mumbai

HDFC Life Associate Salary

0 - 3 years exp. (124 salaries)

₹1.1 L/yr - ₹3.3 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Associate Salary 0 - 7 years exp. (138 salaries)	₹2 L/yr - ₹4 L/yr 69% more
HDFC Ergo General Insurance Associate Salary 1 - 8 years exp. (60 salaries)	₹1.8 L/yr - ₹5.2 L/yr 90% more
Login to view exact salary
Kotak Mahindara Life Insurance Associate Salary 1 - 7 years exp. (27 salaries)	₹1.3 L/yr - ₹2.6 L/yr 2% more
SBI Life Insurance Company Associate Salary 1 - 7 years exp. (26 salaries)	₹1.1 L/yr - ₹4 L/yr 20% more
ICICI Lombard General Insurance Company Associate Salary 0 - 6 years exp. (20 salaries)	₹1.1 L/yr - ₹3.3 L/yr 25% more
Aditya Birla Sun Life Insurance Associate Salary 1 - 5 years exp. (13 salaries)	₹1.7 L/yr - ₹3 L/yr 28% more
Kotak Mahindra General Insurance Associate Salary 0 - 5 years exp. (11 salaries)	₹1.5 L/yr - ₹2.9 L/yr 16% more
Tata AIA Life Insurance Associate Salary 1 - 6 years exp. (5 salaries)	₹2 L/yr - ₹4.4 L/yr 67% more
Axis Max Life Insurance Associate Salary 3 - 5 years exp. (3 salaries)	₹2.2 L/yr - ₹3.5 L/yr 53% more
Swiss Re Associate Salary 1 - 6 years exp. (3 salaries)	₹10 L/yr - ₹15 L/yr 487% more

Associate salary at HDFC Life ranges between ₹1.1 Lakh to ₹3.3 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 124 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Associate salaries in Mumbai

Last Updated: 28 Feb 2025

Experience	Avg Annual Salary
Fresher (17 salaries)	₹1.1 L/yr - ₹2.2 L/yr
1 year (60 salaries)	₹1.1 L/yr - ₹2.6 L/yr
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2 years (38 salaries)	₹1.4 L/yr - ₹3.3 L/yr
3 years (9 salaries)	₹1.5 L/yr - ₹3.2 L/yr

From

Associate

₹

Lakhs/yr

0 - 3 years exp.

Senior Manager

₹

Lakhs/yr

2 - 20 years exp.

Associate

0 - 3 years exp.

Senior Associate

0 - 9 years exp.

63% hike

Associate Manager

0 - 12 years exp.

43% 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

(497 salaries)

₹1.05 L/yr - ₹4.6 L/yr

Team Lead Salary

(5 salaries)

₹3.26 L/yr - ₹7 L/yr

Top skills at HDFC Life for Associate

Communication Skills Life Insurance KYC Excel Bfsi

Salary related reviews for HDFC Life

3.2

Rated by 21 employees for salary & benefits

Associate in Bangalore / Bengaluru

Contractual

BFSI, Investments & Trading Department

2.0

• posted on 19 Jan 2023

1.0

for Salary and Benefits

Likes

Freshers can join for knowledge and learn from senior. I got a colleague to motivate to work in low salary.

Work-life balance - Good

Dislikes

for management we are no one. They will be waiting for you to resign so that they can get freshers for low pay

Salary - Bad

+5 more

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.

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.

Promotions - Poor

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.

Salary - Bad

+6 more

Senior Associate in Patna

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 04 Jun 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Low salary structure Unwanted work pressure Dirty politics Zero growth if you're not a politician in the company Non recognition of your good work No incentives even after having huge targets Manual rating system of employees, you will be judged by your amount of buttering not by your performance. Overall very bad work culture

Salary - Bad

+6 more

Senior Associate in Ghaziabad

Branch Operations Department

3.0

• posted on 02 Aug 2022

1.0

for Salary and Benefits

Likes

...omplete your assigned task. And it is achievable if proper direction provided. Salary will be on time always no delay.

Job security - Excellent

+1 more

Dislikes

...ay of the month you will have to do work from home and do the revival calling. In branch operations 80% is sales and 20% is operations work but salary will be according to operations.

Salary - Bad

+1 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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HDFC Life Associate Salary FAQs

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

The average salary of a Associate at HDFC Life in Mumbai typically ranges from ₹1.1 Lakhs to ₹3.3 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Associate in Mumbai at HDFC Life earn more than ₹2.5 Lakhs per year, and the top 1% earn over ₹3.2 Lakhs per year. Associate 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 100+ HDFC Life employees in India.

What is the estimated take home salary of a Associate at HDFC Life in Mumbai?

The estimated take-home salary of a Associate at HDFC Life in Mumbai typically ranges from ₹13,977 to ₹15,456 per month. This is based on the average salary range of ₹1.1 Lakhs to ₹3.3 Lakhs per year for employees with experience ranging from Fresher to 3 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 100+ 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 at HDFC Life in Mumbai?

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

- Communication Skills
- Life Insurance
- KYC
- Excel
- Bfsi

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 in India?

Swiss Re	₹10.0 Lakhs to ₹15.0 Lakhs per year
HDFC Ergo General Insurance	₹1.8 Lakhs to ₹5.2 Lakhs per year
ICICI Prudential Life Insurance	₹2.0 Lakhs to ₹4.0 Lakhs per year
Tata AIA Life Insurance	₹2.0 Lakhs to ₹4.4 Lakhs per year
Axis Max Life Insurance	₹2.2 Lakhs to ₹3.5 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 in companies similar to HDFC Life in Mumbai?

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

Aditya Birla Sun Life Insurance	₹1.7 Lakhs to ₹3.0 Lakhs per year
ICICI Lombard General Insurance Company	₹1.1 Lakhs to ₹3.3 Lakhs per year
SBI Life Insurance Company	₹1.1 Lakhs to ₹4.0 Lakhs per year
Kotak Mahindra General Insurance	₹1.5 Lakhs to ₹2.9 Lakhs per year
Kotak Mahindara Life Insurance	₹1.3 Lakhs to ₹2.6 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 at HDFC Life in Mumbai?

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

Experience	Average Salary Range
Fresher	₹1.1 Lakhs to ₹2.2 Lakhs per year
1 year	₹1.1 Lakhs to ₹2.6 Lakhs per year
2 years	₹1.4 Lakhs to ₹3.3 Lakhs per year
3 years	₹1.5 Lakhs to ₹3.2 Lakhs per year

and so on.

Tell us how to improve this page.

HDFC Life Associate salary in Mumbai ranges between ₹1.1 Lakh to ₹3.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 124 HDFC Life latest salaries received from various employees of HDFC Life.