HDFC Life Mumbai Branch Manager Salaries by 20+ Employees (Updated 2024)

8 - 16 years exp.

₹5.5 Lakhs - ₹12.5 Lakhs

Salary of majority employees

15% less than the average Branch Manager Salary in Insurance Companies for 8 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 8 - 16 years exp. (13 salaries)	₹5.9 L/yr - ₹12 L/yr
Sales & Business Development Branch Manager Salary 8 - 14 years exp. (10 salaries)	₹5.5 L/yr - ₹10.5 L/yr
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Customer Success, Service & Operations Branch Manager Salary 13 years exp. (AmbitionBox Estimate)	₹8.8 L/yr - ₹12.5 L/yr
Marketing & Communication Branch Manager Salary 9 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹9.9 L/yr

Last Updated: 11 Dec 2024

Companies similar to HDFC Life for Branch Manager in Mumbai

HDFC Life Branch Manager Salary

8 - 16 years exp. (29 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Branch Manager Salary 7 - 17 years exp. (35 salaries)	₹10 L/yr - ₹18 L/yr 37% more
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 15 years exp. (15 salaries)	₹5.1 L/yr - ₹12 L/yr 10% less
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SBI Life Insurance Company Branch Manager Salary 7 - 20 years exp. (8 salaries)	₹8 L/yr - ₹11.2 L/yr 15% more
Max Life Insurance Branch Manager Salary 9 - 16 years exp. (11 salaries)	₹7.3 L/yr - ₹12 L/yr 9% more	4 job openings
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 17 years exp. (18 salaries)	₹6 L/yr - ₹11 L/yr 5% less
Tata AIA Life Insurance Branch Manager Salary 10 - 19 years exp. (14 salaries)	₹8.2 L/yr - ₹15.5 L/yr 28% more	28 job openings
Bharti AXA Life Insurance Branch Manager Salary 12 - 15 years exp. (6 salaries)	₹6.2 L/yr - ₹9.9 L/yr 7% less
Care Health Insurance Branch Manager Salary 3 - 17 years exp. (37 salaries)	₹4.3 L/yr - ₹8 L/yr 36% less	1 job opening
HDFC Ergo General Insurance Branch Manager Salary 9 - 16 years exp. (12 salaries)	₹6 L/yr - ₹13.7 L/yr 9% more	2 job openings
ICICI Lombard General Insurance Company Branch Manager Salary 6 - 14 years exp. (10 salaries)	₹6 L/yr - ₹13 L/yr At par	1 job opening
Star Health & Allied Insurance Branch Manager Salary 8 - 18 years exp. (10 salaries)	₹6.5 L/yr - ₹10.2 L/yr 17% less	3 job openings
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Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 8 years exp. (3 salaries)	₹7 L/yr - ₹9.1 L/yr 6% less
PNB MetLife Branch Manager Salary 12 - 18 years exp. (3 salaries)	₹10 L/yr - ₹12.5 L/yr 16% more

Branch Manager salary at HDFC Life ranges between ₹5.5 Lakhs to ₹12.5 Lakhs per year for employees with experience between 8 years to 16 years. Salary estimates are based on 29 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Branch Manager salaries in Mumbai

Last Updated: 11 Dec 2024

Experience	Avg Annual Salary
8 years (3 salaries)	₹5.5 L/yr - ₹15.4 L/yr
9 years (3 salaries)	₹5.5 L/yr - ₹15.6 L/yr
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10 years (7 salaries)	₹7 L/yr - ₹10.5 L/yr
11 years (6 salaries)	₹7.3 L/yr - ₹10 L/yr
12 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹10 L/yr
13 years (3 salaries)	₹6.4 L/yr - ₹12.5 L/yr
14 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹10 L/yr
15+ years (4 salaries)	₹7 L/yr - ₹12 L/yr

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From

Branch Manager

₹

Lakhs/yr

8 - 17 years exp.

Regional Head

₹

Lakhs/yr

16 - 21 years exp.

Branch Manager 8 - 17 years exp.

Senior Branch Manager 10 - 20 years exp.

22% hike

Deputy General Manager 9 - 19 years exp.

64% hike

From

2 more levels

Branch Manager

8 - 17 years exp.

General Manager

10 - 24 years exp.

Similar Designation salaries in HDFC Life

Deputy Manager Salary

(422 salaries)

₹3.5 L/yr - ₹14.4 L/yr

Chief Manager Salary

(149 salaries)

₹14 L/yr - ₹30 L/yr

Sales Manager Salary

(91 salaries)

₹2.2 L/yr - ₹7.5 L/yr

Branch Head Salary

(12 salaries)

₹8 L/yr - ₹10 L/yr

Senior Branch Manager Salary

(6 salaries)

₹9 L/yr - ₹14.35 L/yr

Branch Sales Manager Salary

(5 salaries)

₹5 L/yr - ₹8 L/yr

Top skills at HDFC Life for Branch Manager

Branch Management Life Insurance Direct Sales Team Management Branch Operations Sales Planning Team Handling Calling Life Insurance Sales Management LI Digital Sales Team Handling Team Leading agency development

Salary related reviews for HDFC Life

2.2

Rated by 4 employees for salary & benefits

Branch Manager in Kolkata

Agency Channel Department

2.0

• posted on 14 May 2022

1.0

for Salary and Benefits

Likes

There is nothing as such to mention.

Dislikes

Working culture is not at all satisfactory. Regarding payout or salary of an advisor, ADM as well as appirisal of Branch Manager approved but not even processed till now. Seniors are using slang words in Concall as well as open forum.

Branch Manager in Jaipur

BFSI, Investments & Trading Department

5.0

• posted on 31 Jul 2020

5.0

for Salary and Benefits

Likes

...ny. In this pandamic and lockdown situation company support to every employee Company provide salary hike also in this situation I feel proud i am a part of hdfc life

Dislikes

Nothing in my mind according to me not single point in my mind to write about hdfc life for dislike But one thing i want 5 days working week

Branch Manager in Amritsar

Other Department

4.0

• posted on 11 Jan 2019

3.0

for Salary and Benefits

Likes

Training part was very good.bosses are good .but job was not secure.

Dislikes

Now job security are very less and or FC channel is totally use less no want work without salary.so I was not satisfied this channel.

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.

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".

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.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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HDFC Life Branch Manager Salary FAQs

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

Branch Manager salary at HDFC Life in Mumbai ranges between ₹5.5 Lakhs to ₹12.5 Lakhs for experience between 8 years to 16 years. According to our estimates it is 15% less than the average Branch Manager Salary in India. Salary estimates are based on 29 latest salaries received from various employees of HDFC Life Mumbai.

How does the salary of a Branch Manager at HDFC Life Mumbai compare with the average salary range for this job?

The average salary of a Branch Manager at HDFC Life is 15% less than the average salary of a Branch Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Branch Manager at HDFC Life?

Branch Management, Life Insurance, Direct Sales, Team Management and Branch Operations are some of the popular skills required to work as a Branch Manager at HDFC Life Mumbai.

Which similar companies are paying more than HDFC Life to a Branch Manager in Mumbai?

ICICI Prudential Life Insurance Branch Manager Salary - ₹10.0 Lakhs to ₹18.0 Lakhs per year
Tata AIA Life Insurance Branch Manager Salary - ₹8.2 Lakhs to ₹15.5 Lakhs per year
PNB MetLife Branch Manager Salary - ₹10.0 Lakhs to ₹12.5 Lakhs per year
SBI Life Insurance Company Branch Manager Salary - ₹8.0 Lakhs to ₹11.2 Lakhs per year
HDFC Ergo General Insurance Branch Manager Salary - ₹6.0 Lakhs to ₹13.7 Lakhs per year

What is the salary of a Branch Manager in companies similar to HDFC Life in Mumbai?

Max Life Insurance Branch Manager Salary - ₹7.3 Lakhs to ₹12.0 Lakhs per year
ICICI Lombard General Insurance Company Branch Manager Salary - ₹6.0 Lakhs to ₹13.0 Lakhs per year
Kotak Mahindara Life Insurance Branch Manager Salary - ₹6.0 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Sun Life Insurance Branch Manager Salary - ₹7.0 Lakhs to ₹9.1 Lakhs per year
Bharti AXA Life Insurance Branch Manager Salary - ₹6.2 Lakhs to ₹9.9 Lakhs per year

What is the estimated take home salary of a Branch Manager at HDFC Life in Mumbai?

The estimated take-home salary of a Branch Manager at HDFC Life ranges between ₹66,913 per month to ₹68,625 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Branch Manager salary in India which ranges between ₹5.5 Lakhs to ₹12.5 Lakhs per year for employees with experience between 8 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager at HDFC Life in Mumbai?

According to AmbitionBox, 33% of the HDFC Life Branch Managers in Mumbai reported a notice period of 2 Months, 34% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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HDFC Life Branch Manager Salaries in Mumbai

HDFC Life Branch Manager salary in Mumbai ranges between ₹5.5 Lakhs to ₹12.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 29 HDFC Life latest salaries received from various employees of HDFC Life.