HDFC Life Branch Associate Salaries by 10+ Employees

0 - 4 years exp.

₹1.4 Lakh - ₹2.6 Lakhs

Salary of majority employees

11% less than the average Branch Associate Salary in Insurance Companies for 0 - 4 years of experience

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Salaries in different departments

Customer Success, Service & Operations Branch Associate Salary 1 - 3 years exp. (6 salaries)	₹1.4 L/yr - ₹2.1 L/yr
BFSI, Investments & Trading Branch Associate Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.9 L/yr
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Engineering - Software & QA Branch Associate Salary 1 year exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.2 L/yr
Sales & Business Development Branch Associate Salary 4 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.6 L/yr

Last Updated: 29 Dec 2024

Companies similar to HDFC Life for Branch Associate

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Branch Associate Salary 0 - 6 years exp. (13 salaries)	₹2.2 L/yr - ₹3.1 L/yr 38% more
Viztar International Branch Associate Salary 0 - 6 years exp. (15 salaries)	₹1.2 L/yr - ₹2.1 L/yr 8% less
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Moneymuttath Nidhi Branch Associate Salary 1 - 2 years exp. (4 salaries)	₹1 L/yr - ₹1.2 L/yr 40% less
Sharp Financial Services Branch Associate Salary 0 - 4 years exp. (3 salaries)	₹1.8 L/yr - ₹2.5 L/yr 12% more
State Bank of India Branch Associate Salary 2 - 5 years exp. (3 salaries)	₹2.1 L/yr - ₹2.7 L/yr 27% more

Branch Associate salary at HDFC Life ranges between ₹1.4 Lakh to ₹2.6 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 14 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Branch Associate salaries

Last Updated: 29 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.9 L/yr
1 year (7 salaries)	₹1.4 L/yr - ₹2 L/yr
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2 years (3 salaries)	₹1.8 L/yr - ₹2 L/yr
3 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr
4 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr

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Salary related reviews for HDFC Life

3.4

Rated by 3 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

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

Relationship Manager in Bhubaneswar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 05 May 2024

2.0

for Salary and Benefits

Likes

Big brand. People know the brand very well

Dislikes

Less salary compare to psu. Even clerk of psu bank get more than a manager grade of hdfc. Bonus and incentives at junior grade not that good. Only boss and team managers will get good salary here . No travel claims are given.

Salary - Poor

+4 more

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

Salary - Bad

+6 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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HDFC Life Branch Associate Salary FAQs

What is the salary of Branch Associate at HDFC Life ?

The average salary of a Branch Associate at HDFC Life in India typically ranges from ₹1.4 Lakhs to ₹2.6 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Branch Associate at HDFC Life earn more than ₹2.1 Lakhs per year, and the top 1% earn over ₹2.6 Lakhs per year. Branch Associate 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 10+ HDFC Life employees in India.

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

The estimated take-home salary of a Branch Associate at HDFC Life in India typically ranges from ₹12,647 to ₹14,010 per month. This is based on the average salary range of ₹1.4 Lakhs to ₹2.6 Lakhs per year for employees with experience ranging from Fresher to 4 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 10+ 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 Branch Associate in India?

ICICI Prudential Life Insurance	₹2.2 Lakhs to ₹3.1 Lakhs per year
State Bank of India	₹2.1 Lakhs to ₹2.7 Lakhs per year
Sharp Financial Services	₹1.8 Lakhs to ₹2.5 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 Branch Associate in companies similar to HDFC Life in India?

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

Viztar International	₹1.2 Lakhs to ₹2.1 Lakhs per year
Moneymuttath Nidhi	₹1.0 Lakhs to ₹1.2 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 Branch Associate at HDFC Life in India?

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

Experience	Average Salary Range
Fresher	₹1.5 Lakhs to ₹1.9 Lakhs per year
1 year	₹1.4 Lakhs to ₹2.0 Lakhs per year
2 years	₹1.8 Lakhs to ₹2.0 Lakhs per year
3 years	₹1.7 Lakhs to ₹2.2 Lakhs per year

and so on.

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HDFC Life Branch Associate Salaries

HDFC Life Branch Associate salary in India ranges between ₹1.4 Lakh to ₹2.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 HDFC Life latest salaries received from various employees of HDFC Life.