HDFC Life Mumbai Associate Salaries by 100+ Employees (Updated 2024)

0 - 4 years exp.

₹1.1 Lakh - ₹3.3 Lakhs

Salary of majority employees

74% less than the average Associate Salary in Insurance Companies for 0 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Salary 0 - 3 years exp. (41 salaries)	₹1.1 L/yr - ₹3.2 L/yr
Customer Success, Service & Operations Associate Salary 0 - 3 years exp. (41 salaries)	₹1.3 L/yr - ₹2.9 L/yr
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Finance & Accounting Associate Salary 0 - 4 years exp. (12 salaries)	₹1.1 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: 13 Dec 2024

Companies similar to HDFC Life for Associate in Mumbai

HDFC Life Associate Salary

0 - 4 years exp. (132 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. (135 salaries)	₹1.7 L/yr - ₹4.4 L/yr 72% more
SBI Life Insurance Company Associate Salary 1 - 7 years exp. (25 salaries)	₹1.3 L/yr - ₹4 L/yr 26% more
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Tata AIA Life Insurance Associate Salary 1 - 6 years exp. (5 salaries)	₹2 L/yr - ₹4.4 L/yr 67% more
Kotak Mahindara Life Insurance Associate Salary 0 - 6 years exp. (34 salaries)	₹1.2 L/yr - ₹2.6 L/yr 1% less
Bharti AXA Life Insurance Associate Salary 2 - 6 years exp. (6 salaries)	₹1.4 L/yr - ₹3.7 L/yr 57% more
HDFC Ergo General Insurance Associate Salary 0 - 8 years exp. (62 salaries)	₹1.7 L/yr - ₹5 L/yr 91% more	1 job opening
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 0 - 5 years exp. (14 salaries)	₹1.7 L/yr - ₹3 L/yr 31% more
Kotak Mahindra General Insurance Associate Salary 0 - 5 years exp. (11 salaries)	₹1.5 L/yr - ₹2.9 L/yr 16% more
Swiss Re Associate Salary 1 - 6 years exp. (3 salaries)	₹10 L/yr - ₹15 L/yr 499% 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 4 years. Salary estimates are based on 132 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Associate salaries in Mumbai

Last Updated: 13 Dec 2024

Experience	Avg Annual Salary
Fresher (20 salaries)	₹1.1 L/yr - ₹2.2 L/yr
1 year (63 salaries)	₹1.1 L/yr - ₹2.6 L/yr
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2 years (36 salaries)	₹1.4 L/yr - ₹3.3 L/yr
3 years (10 salaries)	₹1.5 L/yr - ₹3.2 L/yr
4 years (3 salaries)	₹1.9 L/yr - ₹2.3 L/yr

From

Associate

₹

Lakhs/yr

0 - 4 years exp.

Chief Manager

₹

Lakhs/yr

5 - 20 years exp.

Associate 0 - 4 years exp.

Senior Associate 0 - 9 years exp.

60% hike

Associate Manager 0 - 12 years exp.

43% hike

Similar Designation salaries in HDFC Life

Senior Associate Salary

(486 salaries)

₹1.1 L/yr - ₹4.7 L/yr

Team Lead Salary

(4 salaries)

₹4 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

3.1

Rated by 19 employees for salary & benefits

Associate in Chennai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 24 Nov 2024

1.0

for Salary and Benefits

Likes

I don't like this company

Dislikes

...meters to do that 4. We lost our work life balance 5 My BP showing High 155 6. Huge pressure less salary 7. manager telling us to give 5 start rating for the company 8. Everyone has engaged to pressuries us to do insurance 9. There is no truth about this. 10. Work life balance worst Customer telling us to withdraw policy but Manager telling us to not to do that.

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.

Dislikes

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

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.

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

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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HDFC Life Associate Salary FAQs

What is the salary of Associate at HDFC Life Mumbai?

Associate salary at HDFC Life in Mumbai ranges between ₹1.1 Lakhs to ₹3.3 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 74% less than the average Associate Salary in India. Salary estimates are based on 132 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Associate at HDFC Life is 74% less than the average salary of a Associate in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Associate at HDFC Life?

Communication Skills, Life Insurance, KYC, Excel and Bfsi are some of the popular skills required to work as a Associate at HDFC Life Mumbai.

Which similar companies are paying more than HDFC Life to a Associate in Mumbai?

Swiss Re Associate Salary - ₹10.0 Lakhs to ₹15.0 Lakhs per year
HDFC Ergo General Insurance Associate Salary - ₹1.7 Lakhs to ₹5.0 Lakhs per year
ICICI Prudential Life Insurance Associate Salary - ₹1.7 Lakhs to ₹4.4 Lakhs per year
Tata AIA Life Insurance Associate Salary - ₹2.0 Lakhs to ₹4.4 Lakhs per year
Bharti AXA Life Insurance Associate Salary - ₹1.4 Lakhs to ₹3.7 Lakhs per year

What is the salary of a Associate in companies similar to HDFC Life in Mumbai?

Aditya Birla Sun Life Insurance Associate Salary - ₹1.7 Lakhs to ₹3.0 Lakhs per year
SBI Life Insurance Company Associate Salary - ₹1.3 Lakhs to ₹4.0 Lakhs per year
ICICI Lombard General Insurance Company Associate Salary - ₹1.1 Lakhs to ₹3.3 Lakhs per year
Kotak Mahindra General Insurance Associate Salary - ₹1.5 Lakhs to ₹2.9 Lakhs per year
Kotak Mahindara Life Insurance Associate Salary - ₹1.2 Lakhs to ₹2.6 Lakhs per year

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 ranges between ₹14,013 per month to ₹15,495 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Associate salary in India which ranges between ₹1.1 Lakhs to ₹3.3 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?

What is the notice period for Associate at HDFC Life in Mumbai?

According to AmbitionBox, 70% of the HDFC Life Associates in Mumbai reported a notice period of 15 days or less, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 66 responses on AmbitionBox in last 2 years.

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 132 HDFC Life latest salaries received from various employees of HDFC Life.