HDFC Life Mumbai Branch Head Salaries by 10+ Employees

5 - 14 years exp.

₹6.5 Lakhs - ₹10 Lakhs

Salary of majority employees

29% less than the average Branch Head Salary in Insurance Companies for 5 - 14 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Branch Head Salary 6 - 14 years exp. (10 salaries)	₹8 L/yr - ₹10 L/yr
Login to view exact salary
Sales & Business Development Branch Head Salary 5 - 14 years exp. (3 salaries)	₹6.5 L/yr - ₹9.8 L/yr

Last Updated: 27 Dec 2024

Companies similar to HDFC Life for Branch Head in Mumbai

HDFC Life Branch Head Salary

5 - 14 years exp. (14 salaries)

₹6.5 L/yr - ₹10 L/yr

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Sun Life Insurance Branch Head Salary 12 - 18 years exp. (8 salaries)	₹13 L/yr - ₹16.5 L/yr 42% more
ICICI Prudential Life Insurance Branch Head Salary 9 - 18 years exp. (7 salaries)	₹11.6 L/yr - ₹15.5 L/yr 28% more
Login to view exact salary
HDFC Ergo General Insurance Branch Head Salary 10 - 16 years exp. (4 salaries)	₹8.6 L/yr - ₹11.8 L/yr 7% more
Reliance Nippon Life Insurance Branch Head Salary 8 - 12 years exp. (3 salaries)	₹8.5 L/yr - ₹10 L/yr 7% less
Axis Bank Branch Head Salary 10 - 23 years exp. (69 salaries)	₹9.7 L/yr - ₹26 L/yr 75% more	2 job openings

Branch Head salary at HDFC Life ranges between ₹6.5 Lakhs to ₹10 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 14 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Branch Head salaries in Mumbai

Last Updated: 27 Dec 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹16 L/yr
6 years (AmbitionBox Estimate)	₹8 L/yr - ₹16.1 L/yr
Login to view exact salary
7 years (AmbitionBox Estimate)	₹8 L/yr - ₹16.2 L/yr
8 years (AmbitionBox Estimate)	₹8 L/yr - ₹9.8 L/yr
9 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹9.5 L/yr
10 years (3 salaries)	₹9 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
12 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹10 L/yr
13 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹9.7 L/yr
14 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹17 L/yr

View all

From

Branch Head

₹

Lakhs/yr

5 - 18 years exp.

Associate Head Regional

₹

Lakhs/yr

13 - 22 years exp.

Branch Head 5 - 18 years exp.

Circle Head 9 - 21 years exp.

57% hike

Associate Head Regional 13 - 22 years exp.

48% 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

Sales Manager Salary

(93 salaries)

₹2.2 L/yr - ₹7.5 L/yr

Branch Manager Salary

(32 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Area Manager Salary

(25 salaries)

₹13.58 L/yr - ₹19 L/yr

Branch Sales Manager Salary

(7 salaries)

₹5 L/yr - ₹10.5 L/yr

Cluster Head Salary

(4 salaries)

₹11 L/yr - ₹14 L/yr

Sales Officer Salary

(3 salaries)

₹2.4 L/yr - ₹3 L/yr

Top skills at HDFC Life for Branch Head

Branch Management Life Insurance Team Handling Agency Management Team Handling Life Insurance Area Management Agency Channel Relationship Management Channel Sales Channel Sales Management Business Development Management Team Management Skills Territory Management Branch Handling

Salary related reviews for HDFC Life

2.4

Rated by 2 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

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

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

see more salary related reviews

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Top trending discussions

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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 Head Salary FAQs

What is the salary of Branch Head at HDFC Life in Mumbai?

The average salary of a Branch Head at HDFC Life in Mumbai typically ranges from ₹6.5 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 5 years to 14 years).

The top 10% of Branch Head in Mumbai at HDFC Life earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Branch Head 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 Head at HDFC Life in Mumbai?

The estimated take-home salary of a Branch Head at HDFC Life in Mumbai typically ranges from ₹67,401 to ₹69,128 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 5 years to 14 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 Head at HDFC Life in Mumbai?

To be a Branch Head at HDFC Life in Mumbai, the key skills required include:

- Branch Management
- Life Insurance
- Team Handling
- Agency Management
- Team Handling

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 Head in India?

Axis Bank	₹9.7 Lakhs to ₹26.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹13.0 Lakhs to ₹16.5 Lakhs per year
ICICI Prudential Life Insurance	₹11.6 Lakhs to ₹15.5 Lakhs per year
HDFC Ergo General Insurance	₹8.6 Lakhs to ₹11.8 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 Branch Head in companies similar to HDFC Life in Mumbai?

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

Reliance Nippon Life Insurance

₹8.5 Lakhs to ₹10.0 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 Head at HDFC Life in Mumbai?

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

Experience	Average Salary Range
5 years	₹6.5 Lakhs to ₹16.0 Lakhs per year
6 years	₹8.0 Lakhs to ₹16.1 Lakhs per year
7 years	₹8.0 Lakhs to ₹16.2 Lakhs per year
8 years	₹8.0 Lakhs to ₹9.8 Lakhs per year

and so on.

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HDFC Life Branch Head Salaries in Mumbai

HDFC Life Branch Head salary in Mumbai ranges between ₹6.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 HDFC Life latest salaries received from various employees of HDFC Life.