HDFC Life BM Salaries by 7 Employees (Updated 2025)

9 - 15 years exp.

₹6 Lakhs - ₹11.5 Lakhs

Low Confidence

Salary of majority employees

53% more than the average BM Salary in Insurance Companies for 9 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading BM Salary 9 - 12 years exp. (3 salaries)	₹6.2 L/yr - ₹11.5 L/yr
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Sales & Business Development BM Salary 12 years exp. (AmbitionBox Estimate)	₹8.1 L/yr - ₹9.9 L/yr

Last Updated: 13 Feb 2025

Companies similar to HDFC Life for BM

Company name	Avg Annual Salary	Open Jobs
Reliance Nippon Life Insurance BM Salary 10 - 17 years exp. (5 salaries)	₹8 L/yr - ₹8.3 L/yr 7% less
Shriram Life Insurance BM Salary 5 - 27 years exp. (4 salaries)	₹2.8 L/yr - ₹6 L/yr 46% less
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Aditya Birla Sun Life Insurance BM Salary 11 - 19 years exp. (4 salaries)	₹8 L/yr - ₹12.8 L/yr 25% more
Bajaj Allianz Life Insurance BM Salary 3 - 15 years exp. (4 salaries)	₹5.4 L/yr - ₹8 L/yr 24% less
SBI Life Insurance Company BM Salary 12 - 16 years exp. (4 salaries)	₹6.3 L/yr - ₹10.8 L/yr 2% less
ICICI Prudential Life Insurance BM Salary 5 - 10 years exp. (3 salaries)	₹5 L/yr - ₹6.8 L/yr 35% less
Star Health & Allied Insurance BM Salary 10 - 16 years exp. (3 salaries)	₹7.4 L/yr - ₹10 L/yr 2% less

BM salary at HDFC Life ranges between ₹6 Lakhs to ₹11.5 Lakhs per year for employees with experience between 9 years to 15 years. Salary estimates are based on 7 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life BM salaries

Last Updated: 13 Feb 2025

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹10 L/yr
10 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.4 L/yr
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11 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹15.3 L/yr
12 years (3 salaries)	₹6 L/yr - ₹11.5 L/yr
13 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹16.5 L/yr
14 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
15+ years (AmbitionBox Estimate)	₹3.9 L/yr - ₹11 L/yr

View all

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Salary related reviews for HDFC Life

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

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

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.

Work-life balance - Poor

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.

Skill development - Good

+2 more

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,

Salary - Poor

+2 more

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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 BM Salary FAQs

What is the salary of BM at HDFC Life ?

The average salary of a BM at HDFC Life in India typically ranges from ₹6.0 Lakhs to ₹11.5 Lakhs per year, depending on experience (from 9 years to 15 years).

The top 10% of BM at HDFC Life earn more than ₹11.4 Lakhs per year, and the top 1% earn over ₹11.5 Lakhs per year. BM 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 7 HDFC Life employees in India.

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

The estimated take-home salary of a BM at HDFC Life in India typically ranges from ₹64,514 to ₹66,158 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹11.5 Lakhs per year for employees with experience ranging from 9 years to 15 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 7 salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDFC Life for BM in India?

Aditya Birla Sun Life Insurance

₹8.0 Lakhs to ₹12.8 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 BM in companies similar to HDFC Life in India?

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

Star Health & Allied Insurance	₹7.4 Lakhs to ₹10.0 Lakhs per year
SBI Life Insurance Company	₹6.3 Lakhs to ₹10.8 Lakhs per year
Reliance Nippon Life Insurance	₹8.0 Lakhs to ₹8.3 Lakhs per year
Bajaj Allianz Life Insurance	₹5.4 Lakhs to ₹8.0 Lakhs per year
ICICI Prudential Life Insurance	₹5.0 Lakhs to ₹6.8 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 BM at HDFC Life in India?

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

Experience	Average Salary Range
9 years	₹3.1 Lakhs to ₹10.0 Lakhs per year
10 years	₹7.4 Lakhs to ₹9.4 Lakhs per year
11 years	₹6.2 Lakhs to ₹15.3 Lakhs per year
12 years	₹6.0 Lakhs to ₹11.5 Lakhs per year

and so on.

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HDFC Life BM Salaries

HDFC Life BM salary in India ranges between ₹6 Lakhs to ₹11.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 HDFC Life latest salaries received from various employees of HDFC Life.