HDFC Life AVP Salaries by 10+ Employees (Updated 2024)

15 - 20 years exp.

₹24 Lakhs - ₹60.5 Lakhs

Salary of majority employees

22% more than the average AVP Salary in Insurance Companies for 15 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading AVP Salary 16 - 20 years exp. (5 salaries)	₹31 L/yr - ₹43 L/yr
Engineering - Software & QA AVP Salary 18 - 19 years exp. (AmbitionBox Estimate)	₹37.9 L/yr - ₹60.5 L/yr
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Sales & Business Development AVP Salary 18 - 20 years exp. (AmbitionBox Estimate)	₹34 L/yr - ₹39 L/yr

Last Updated: 3 Oct 2024

Companies similar to HDFC Life for AVP

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company AVP Salary 12 - 18 years exp. (22 salaries)	₹10 L/yr - ₹33.2 L/yr 45% less
Max Life Insurance AVP Salary 13 - 20 years exp. (21 salaries)	₹14.4 L/yr - ₹40.9 L/yr 38% less
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Bajaj Allianz Life Insurance AVP Salary 14 - 19 years exp. (4 salaries)	₹35 L/yr - ₹38.3 L/yr 4% more
HDFC Ergo General Insurance AVP Salary 10 - 18 years exp. (31 salaries)	₹13.5 L/yr - ₹32 L/yr 43% less
Swiss Re AVP Salary 5 - 13 years exp. (24 salaries)	₹19 L/yr - ₹42.5 L/yr 15% less
ICICI Lombard General Insurance Company AVP Salary 11 - 18 years exp. (23 salaries)	₹16 L/yr - ₹32 L/yr 41% less
Kotak Mahindara Life Insurance AVP Salary 7 - 22 years exp. (18 salaries)	₹7.9 L/yr - ₹22.5 L/yr 55% less
Reliance Nippon Life Insurance AVP Salary 13 - 20 years exp. (9 salaries)	₹20 L/yr - ₹33 L/yr 41% less
Aditya Birla Sun Life Insurance AVP Salary 7 - 14 years exp. (5 salaries)	₹29 L/yr - ₹40.5 L/yr 8% less
Kotak Mahindra General Insurance AVP Salary 10 - 19 years exp. (5 salaries)	₹20 L/yr - ₹31 L/yr 34% less
Star Health & Allied Insurance AVP Salary 10 - 14 years exp. (3 salaries)	₹47 L/yr - ₹50 L/yr 33% more
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AVP salary at HDFC Life ranges between ₹24 Lakhs to ₹60.5 Lakhs per year for employees with experience between 15 years to 20 years. Salary estimates are based on 18 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life AVP salaries

Last Updated: 3 Oct 2024

Experience	Avg Annual Salary
15+ years (18 salaries)	₹24 L/yr - ₹60.5 L/yr
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Salary related reviews for HDFC Life

1.0

Rated by 1 employees for salary & benefits

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.

Operations Manager in Mumbai

Full Time

Risk Management & Compliance Department

3.0

• posted on 26 Nov 2023

1.0

for Salary and Benefits

Likes

The way they make fool our of you. JD and actual work are really different. Popular statement "I am a really considerate manager".

Dislikes

Usual work day is for about 12 hrs On document Saturday is a non working day but you will be forced to work with out pay. Overtime is a myth Promotion depends upon L1's will. Variable pay is only for MT's and chief manager & above Huge gap in pay at same band.

SDM in Goa

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 25 Apr 2023

3.0

for Salary and Benefits

Likes

...l Rules/regulations and values set by the organisation are really praise worthy. Good initial salary package. You will learn communication skills and build confidence but not much technical skills though.

Dislikes

The management staff doesn't really follow what has been preached. You will be verbally harassed for not meeting targets, i have seen senior make fun of people based on their looks. According to the company's rules miss selling is a taboo but managers will force you to sell products by hook or crook to meet targets. You will be made to work extra long hours instead of the promised actual time. if it's a big branch with more competation and god forbid if the competition gets good business, you will be chewed up by your senior's on a private call. My friend was in tears when he got shouted on for not being able to get business and it was only his first month. Overall the framework of the company is nice but whether you will enjoy your work life or not depends on the kind of superiors you get.

Training Manager in Bhopal

Full Time

Other Department

3.0

• posted on 03 Sep 2023

2.0

for Salary and Benefits

Likes

Stable job, one can work with co for long term. Good HR policies. Female friendly and safe organisation.

Dislikes

1. Pay structure is poor. The CTC includes the annual bonus. That means for earning your own CTC, one has to earn rating. 2. The managers are poor skilled, knows only to create pressure but don't know to manage pressure. Don't groom the teams. 3. 6 days working. 4. Way behind technically. Huge manual work is still there which can be handled by improved technology. 5. Overall, the co doesn't want to spend money over people, over technology,

see more salary related reviews

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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 AVP Salary FAQs

What is the salary of AVP at HDFC Life?

AVP salary at HDFC Life in India ranges between ₹24.0 Lakhs to ₹60.5 Lakhs for experience between 15 years to 20 years. According to our estimates it is 22% more than the average AVP Salary in India. Salary estimates are based on 18 latest salaries received from various employees of HDFC Life India.

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

The average salary of a AVP at HDFC Life is 22% more than the average salary of a AVP in India. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Life to a AVP in India?

Star Health & Allied Insurance AVP Salary - ₹47.0 Lakhs to ₹50.0 Lakhs per year
Bajaj Allianz Life Insurance AVP Salary - ₹35.0 Lakhs to ₹38.3 Lakhs per year

What is the salary of a AVP in companies similar to HDFC Life in India?

Aditya Birla Sun Life Insurance AVP Salary - ₹29.0 Lakhs to ₹40.5 Lakhs per year
Swiss Re AVP Salary - ₹19.0 Lakhs to ₹42.5 Lakhs per year
Kotak Mahindra General Insurance AVP Salary - ₹20.0 Lakhs to ₹31.0 Lakhs per year
Max Life Insurance AVP Salary - ₹14.4 Lakhs to ₹40.9 Lakhs per year
Reliance Nippon Life Insurance AVP Salary - ₹20.0 Lakhs to ₹33.0 Lakhs per year

What is the estimated take home salary of a AVP at HDFC Life in India?

The estimated take-home salary of a AVP at HDFC Life ranges between ₹2,21,107 per month to ₹2,29,967 per month in India. The take-home salary calculation is based on the average HDFC Life AVP salary in India which ranges between ₹24.0 Lakhs to ₹60.5 Lakhs per year for employees with experience between 15 years to 20 years. Check how did we calculate take home salary?

What is the notice period for AVP at HDFC Life?

According to AmbitionBox, 65% of the HDFC Life AVPs reported a notice period of 3 Months, 17% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 17 responses on AmbitionBox in last 2 years.

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HDFC Life AVP Salaries

HDFC Life AVP salary in India ranges between ₹24 Lakhs to ₹60.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 HDFC Life latest salaries received from various employees of HDFC Life.