HDFC Life Banker Salaries by 6 Employees (Updated 2025)

2 - 5 years exp.

₹3 Lakhs - ₹4 Lakhs

Low Confidence

Salary of majority employees

22% less than the average Banker Salary in Insurance Companies for 2 - 5 years of experience

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Last Updated: 29 Nov 2023

Companies similar to HDFC Life for Banker

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Banker Salary 1 - 5 years exp. (4 salaries)	₹2 L/yr - ₹4.8 L/yr 3% less
SBI Life Insurance Company Banker Salary 1 - 6 years exp. (4 salaries)	₹1 L/yr - ₹5 L/yr 19% less
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Kotak Mahindara Life Insurance Banker Salary 4 - 14 years exp. (3 salaries)	₹3.1 L/yr - ₹5 L/yr 9% more
Bajaj Allianz Life Insurance Banker Salary 3 - 7 years exp. (4 salaries)	₹3 L/yr - ₹4.1 L/yr 8% less
PNB MetLife Banker Salary 3 - 6 years exp. (3 salaries)	₹3 L/yr - ₹3.3 L/yr 11% less
SBI General Insurance Banker Salary 1 - 2 years exp. (3 salaries)	₹1 L/yr - ₹5 L/yr 3% less

Banker salary at HDFC Life ranges between ₹3 Lakhs to ₹4 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 6 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Banker salaries

Last Updated: 29 Nov 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.5 L/yr
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4 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.7 L/yr
5 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹6.7 L/yr

Similar Designation salaries in HDFC Life

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(AmbitionBox Estimate)

₹3.3 L/yr - ₹4.3 L/yr

Team Lead Salary

(58 salaries)

₹1.35 L/yr - ₹8.5 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹25.2 L/yr - ₹32.2 L/yr

Branch Manager Salary

(260 salaries)

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Sales Manager Salary

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₹1.55 L/yr - ₹7.5 L/yr

Deputy Manager Salary

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₹3.5 L/yr - ₹12.14 L/yr

Senior Analyst Salary

(6 salaries)

₹3.5 L/yr - ₹4.6 L/yr

Quality Analyst Salary

(AmbitionBox Estimate)

₹3.5 L/yr - ₹4.5 L/yr

Sales Executive Salary

(191 salaries)

₹0.95 L/yr - ₹5 L/yr

Service Engineer Salary

(AmbitionBox Estimate)

₹14.4 L/yr - ₹18.4 L/yr

Salary related reviews for HDFC Life

5.0

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.

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

Business Development Manager in Vasai-Virar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 30 May 2024

3.0

for Salary and Benefits

Likes

You get salary on time.

Dislikes

Late night sitting unnecessarily, Rude and rough language usage by bosses inspite of men or women, Depreciation, Don't follow code of conduct,Don't respect staffs ,only business and results, lack of co-operation and team work, Insist for hard drinks ,Bad behaviour, don't get leave if you don't perform, bias nature.

Work satisfaction - Bad

+2 more

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".

Job security - Excellent

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.

Salary - Bad

+4 more

Sales Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 24 Oct 2023

3.0

for Salary and Benefits

Likes

Already they are top in insurance sector so people know about this company that's good part.

Dislikes

...se that's why they are doing insurance these are the facts they take advantage In small salary package thier expectation is more than crore For a freshers Or 2 years experience not good place to work You have to travel every single day like a horse (on your money) Many more people don't share because they sacred if they share they can't get job because these people leaves and they go to another company so it's like round like earth anyone can meet anywhere In 100 people only will success 2

Skill development - Poor

+5 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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HDFC Life Banker Salary FAQs

What is the salary of Banker at HDFC Life?

Banker salary at HDFC Life in India ranges between ₹3.0 Lakhs to ₹4.0 Lakhs for experience between 2 years to 5 years. According to our estimates it is 22% less than the average Banker Salary in India. Salary estimates are based on 6 latest salaries received from various employees of HDFC Life India.

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

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

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

Kotak Mahindara Life Insurance Banker Salary - ₹3.1 Lakhs to ₹5.0 Lakhs per year

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

ICICI Prudential Life Insurance Banker Salary - ₹2.0 Lakhs to ₹4.8 Lakhs per year
SBI General Insurance Banker Salary - ₹1.0 Lakhs to ₹5.0 Lakhs per year
Bajaj Allianz Life Insurance Banker Salary - ₹3.0 Lakhs to ₹4.1 Lakhs per year
PNB MetLife Banker Salary - ₹3.0 Lakhs to ₹3.3 Lakhs per year
SBI Life Insurance Company Banker Salary - ₹1.0 Lakhs to ₹5.0 Lakhs per year

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

The estimated take-home salary of a Banker at HDFC Life ranges between ₹26,467 per month to ₹27,884 per month in India. The take-home salary calculation is based on the average HDFC Life Banker salary in India which ranges between ₹3.0 Lakhs to ₹4.0 Lakhs per year for employees with experience between 2 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Banker at HDFC Life?

According to AmbitionBox, 86% of the HDFC Life Bankers reported a notice period of 1 Month, 14% reported a notice period of 15 days or less.This is based on 7 responses on AmbitionBox in last 2 years.

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HDFC Life Banker Salaries

HDFC Life Banker salary in India ranges between ₹3 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 HDFC Life latest salaries received from various employees of HDFC Life.