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HDFC Life AVP salaries in Mumbai

Annual salary range
15 - 20 years exp.
₹25 Lakhs - ₹60.5 Lakhs
Salary of majority employees
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34% 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
17 - 18 years exp. (AmbitionBox Estimate)
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₹31 L/yr - ₹41 L/yr

Engineering - Software & QA
AVP Salary
18 - 19 years exp. (AmbitionBox Estimate)
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₹40.7 L/yr - ₹60.5 L/yr

Sales & Business Development
AVP Salary
20 years exp. (AmbitionBox Estimate)
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₹39 L/yr - ₹41.3 L/yr

Last Updated: 3 May 2024

Companies similar to HDFC Life for AVP in Mumbai

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HDFC Life AVP Salary

15 - 20 years exp. (10 salaries)

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₹25 L/yr - ₹60.5 L/yr

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Company name Avg Annual Salary Open Jobs
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SBI Life Insurance Company AVP Salary

12 - 18 years exp. (11 salaries)

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₹15 L/yr - ₹38.3 L/yr

arrow icon 37% less
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₹16 L/yr - ₹32 L/yr

arrow icon 37% less
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HDFC Ergo General Insurance AVP Salary

10 - 19 years exp. (13 salaries)

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₹16 L/yr - ₹32 L/yr

arrow icon 40% less
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Kotak Mahindara Life Insurance AVP Salary

7 - 22 years exp. (9 salaries)

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₹9.8 L/yr - ₹26.1 L/yr

arrow icon 53% less
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Reliance Nippon Life Insurance AVP Salary

13 - 20 years exp. (7 salaries)

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₹20 L/yr - ₹33 L/yr

arrow icon 43% less
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Aditya Birla Sun Life Insurance AVP Salary

8 - 14 years exp. (4 salaries)

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₹29 L/yr - ₹40.5 L/yr

arrow icon 13% less
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Kotak Mahindra General Insurance AVP Salary

10 - 19 years exp. (3 salaries)

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₹20 L/yr - ₹31 L/yr

arrow icon 32% less
AVP salary at HDFC Life ranges between ₹25 Lakhs to ₹60.5 Lakhs per year for employees with experience between 15 years to 20 years. Salary estimates are based on 10 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life AVP in Mumbai

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20 years exp.
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19 years exp.
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16 years exp.
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18 years exp.
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17 years exp.
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18 years exp.
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15 years exp.
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16 years exp.
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17 years exp.
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17 years exp.

Experience wise HDFC Life AVP salaries in Mumbai

Last Updated: 3 May 2024

Experience Avg Annual Salary
15+ years  (10 salaries)

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₹25 L/yr - ₹60.5 L/yr

Similar Designation salaries in HDFC Life

Senior Associate Salary
(490 salaries)
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₹1.1 L/yr - ₹4.7 L/yr
Deputy Manager Salary
(424 salaries)
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₹3.5 L/yr - ₹14.4 L/yr
Chief Manager Salary
(156 salaries)
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₹14 L/yr - ₹34 L/yr
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₹3.2 L/yr - ₹5.75 L/yr
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₹4.75 L/yr - ₹15 L/yr
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₹2.8 L/yr - ₹10.5 L/yr
SDM Salary
(27 salaries)
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₹1.9 L/yr - ₹3.85 L/yr
Sales Executive Salary
(26 salaries)
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₹1.5 L/yr - ₹4.98 L/yr
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₹2 L/yr - ₹3.9 L/yr
BDM Salary
(3 salaries)
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₹3.25 L/yr - ₹3.61 L/yr

Salary related reviews for HDFC Life

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.

read 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.

read more

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.

read more

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".

read more

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.

read more

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.

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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.

read more

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,

read more
see more salary related reviews

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HDFC Life AVP Salary FAQs

What is the salary of AVP at HDFC Life Mumbai?
AVP salary at HDFC Life in Mumbai ranges between ₹25.0 Lakhs to ₹60.5 Lakhs for experience between 15 years to 20 years. According to our estimates it is 34% more than the average AVP Salary in India. Salary estimates are based on 10 latest salaries received from various employees of HDFC Life Mumbai.
How does the salary of a AVP at HDFC Life Mumbai compare with the average salary range for this job?
The average salary of a AVP at HDFC Life is 34% more than the average salary of a AVP in Mumbai. To know exact salary insights, login to view.
What is the salary of a AVP in companies similar to HDFC Life in Mumbai?
  • Aditya Birla Sun Life Insurance AVP Salary - ₹29.0 Lakhs to ₹40.5 Lakhs per year
  • Kotak Mahindra General Insurance AVP Salary - ₹20.0 Lakhs to ₹31.0 Lakhs per year
  • SBI Life Insurance Company AVP Salary - ₹15.0 Lakhs to ₹38.3 Lakhs per year
  • ICICI Lombard General Insurance Company AVP Salary - ₹16.0 Lakhs to ₹32.0 Lakhs per year
  • HDFC Ergo General Insurance AVP Salary - ₹16.0 Lakhs to ₹32.0 Lakhs per year
What is the estimated take home salary of a AVP at HDFC Life in Mumbai?
The estimated take-home salary of a AVP at HDFC Life ranges between ₹2,35,577 per month to ₹2,45,091 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life AVP salary in India which ranges between ₹25.0 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 in Mumbai?
According to AmbitionBox, 88% of the HDFC Life AVPs in Mumbai reported a notice period of 3 Months, 12% reported a notice period of 1 Month.This is based on 8 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

HDFC Life AVP salary in Mumbai ranges between ₹25 Lakhs to ₹60.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 HDFC Life latest salaries received from various employees of HDFC Life.