HDFC Life Branch Development Manager Salaries by 10+ Employees

3 - 7 years exp.

₹2.4 Lakhs - ₹4 Lakhs

Salary of majority employees

41% less than the average Branch Development Manager Salary in Insurance Companies for 3 - 7 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Branch Development Manager Salary 3 - 7 years exp. (8 salaries)	₹2.4 L/yr - ₹4 L/yr
Finance & Accounting Branch Development Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.3 L/yr
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Sales & Business Development Branch Development Manager Salary 3 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.2 L/yr

Last Updated: 27 Sep 2024

Companies similar to HDFC Life for Branch Development Manager

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Branch Development Manager Salary 4 - 9 years exp. (48 salaries)	₹2.8 L/yr - ₹5.8 L/yr 32% more
SBI General Insurance Branch Development Manager Salary 3 - 8 years exp. (27 salaries)	₹2.5 L/yr - ₹4.5 L/yr 10% more
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Axis Max Life Insurance Branch Development Manager Salary 4 - 8 years exp. (5 salaries)	₹5.2 L/yr - ₹7 L/yr 92% more
Bajaj Allianz Life Insurance Branch Development Manager Salary 1 - 16 years exp. (5 salaries)	₹4.5 L/yr - ₹6 L/yr 68% more
Shriram Life Insurance Branch Development Manager Salary 5 - 6 years exp. (4 salaries)	₹2.1 L/yr - ₹3.3 L/yr 12% less
Reliance Nippon Life Insurance Branch Development Manager Salary 3 - 12 years exp. (3 salaries)	₹4 L/yr - ₹5 L/yr 46% more

Branch Development Manager salary at HDFC Life ranges between ₹2.4 Lakhs to ₹4 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 11 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Branch Development Manager salaries

Last Updated: 27 Sep 2024

Experience	Avg Annual Salary
3 years (3 salaries)	₹2.9 L/yr - ₹3.5 L/yr
4 years (5 salaries)	₹2.4 L/yr - ₹4 L/yr
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5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
7 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹4 L/yr

From

Branch Development Manager

₹

Lakhs/yr

3 - 7 years exp.

Senior Sales Manager

₹

Lakhs/yr

4 - 14 years exp.

Branch Development Manager

3 - 7 years exp.

Assistant Sales Manager

1 - 11 years exp.

47% hike

Sales Manager

0 - 11 years exp.

3% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in HDFC Life

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(1.4k salaries)

₹1.5 L/yr - ₹5 L/yr

Branch Manager Salary

(260 salaries)

₹5.25 L/yr - ₹12.5 L/yr

Senior Business Development Manager Salary

(4 salaries)

₹3 L/yr - ₹5 L/yr

Zonal Sales Manager Salary

(AmbitionBox Estimate)

₹20.7 L/yr - ₹26.5 L/yr

Area Sales Manager Salary

(41 salaries)

₹2 L/yr - ₹8 L/yr

Business Development Associate Salary

(5 salaries)

₹2.3 L/yr - ₹8 L/yr

Senior Sales Manager Salary

(137 salaries)

₹2.3 L/yr - ₹8.5 L/yr

Marketing Manager Salary

(37 salaries)

₹3.21 L/yr - ₹7.77 L/yr

Area Business Manager Salary

(281 salaries)

₹2.4 L/yr - ₹8.5 L/yr

Deputy Manager Salary

(731 salaries)

₹3.5 L/yr - ₹12.1 L/yr

Top skills at HDFC Life for Branch Development Manager

Life Insurance Selling Skills Insurance Sales Agency Channel

Salary related reviews for HDFC Life

3.6

Rated by 6 employees for salary & benefits

Business Development Manager in Bijnor

Full Time

Marketing & Communication Department

5.0

• posted on 10 Feb 2025

1.0

for Salary and Benefits

Likes

Hello team m Rishabh Rastogi from HDFC LIFE Bijnor Branch, there is a lot of pressure here for work and HDFC Life is a very good brand but there are no facilities for the employees in the office.

Work-life balance - Excellent

Dislikes

Here the calculation is less Here the salary is very high as compared to low and the facilities are also very less, the promotions target is very high and there are many parameters.

Salary - Bad

+4 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

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

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

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 19 Aug 2023

1.0

for Salary and Benefits

Likes

Flexibility of work from home.

Job security - Good

Dislikes

...nt is not supportive and the way they communicate with lower levels is terrible. Salary structure is horrible and shift hours are expected for 12 to 14 hrs a day

Salary - Bad

+5 more

see more salary related reviews

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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 Branch Development Manager Salary FAQs

What is the salary of Branch Development Manager at HDFC Life ?

The average salary of a Branch Development Manager at HDFC Life in India typically ranges from ₹2.4 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 3 years to 7 years).

The top 10% of Branch Development Manager at HDFC Life earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Branch Development Manager 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 Development Manager at HDFC Life in India?

The estimated take-home salary of a Branch Development Manager at HDFC Life in India typically ranges from ₹22,787 to ₹24,259 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 3 years to 7 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.

What are the key skills required to be a Branch Development Manager at HDFC Life ?

To be a Branch Development Manager at HDFC Life in india, the key skills required include:

- Life Insurance
- Selling Skills
- Insurance Sales
- Agency Channel

These skills are highly valued at HDFC Life and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than HDFC Life for Branch Development Manager in India?

Axis Max Life Insurance	₹5.2 Lakhs to ₹7.0 Lakhs per year
Bajaj Allianz Life Insurance	₹4.5 Lakhs to ₹6.0 Lakhs per year
Reliance Nippon Life Insurance	₹4.0 Lakhs to ₹5.0 Lakhs per year
SBI Life Insurance Company	₹2.8 Lakhs to ₹5.8 Lakhs per year
SBI General Insurance	₹2.5 Lakhs to ₹4.5 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 Development Manager in companies similar to HDFC Life in India?

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

Shriram Life Insurance

₹2.1 Lakhs to ₹3.3 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 Development Manager at HDFC Life in India?

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

Experience	Average Salary Range
3 years	₹2.9 Lakhs to ₹3.5 Lakhs per year
4 years	₹2.4 Lakhs to ₹4.0 Lakhs per year
5 years	₹2.4 Lakhs to ₹4.0 Lakhs per year
6 years	₹2.9 Lakhs to ₹3.7 Lakhs per year

and so on.

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HDFC Life Branch Development Manager Salaries

HDFC Life Branch Development Manager salary in India ranges between ₹2.4 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 HDFC Life latest salaries received from various employees of HDFC Life.