HDFC Life Mumbai Branch Manager Salaries by 30+ Employees (Updated 2025)

6 - 17 years exp.

₹5.5 Lakhs - ₹12.5 Lakhs

Salary of majority employees

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17% less than the average Branch Manager Salary in Insurance Companies for 6 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 6 - 17 years exp. (16 salaries)	Unlock ₹5.9 L/yr - ₹12 L/yr
Sales & Business Development Branch Manager Salary 7 - 14 years exp. (10 salaries)	Unlock ₹5.5 L/yr - ₹10.5 L/yr
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Customer Success, Service & Operations Branch Manager Salary 13 years exp. (AmbitionBox Estimate)	Unlock ₹8.4 L/yr - ₹12.5 L/yr
Marketing & Communication Branch Manager Salary 9 years exp. (AmbitionBox Estimate)	Unlock ₹6.8 L/yr - ₹10.1 L/yr

Last Updated: 20 Feb 2025

Companies similar to HDFC Life for Branch Manager in Mumbai

HDFC Life Branch Manager Salary

6 - 17 years exp. (32 salaries)

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₹5.5 L/yr - ₹12.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Branch Manager Salary 3 - 18 years exp. (51 salaries)	Unlock ₹6.1 L/yr - ₹18 L/yr 43% more
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 15 years exp. (12 salaries)	Unlock ₹5.1 L/yr - ₹11.8 L/yr 9% less
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SBI Life Insurance Company Branch Manager Salary 7 - 20 years exp. (8 salaries)	Unlock ₹8 L/yr - ₹12.2 L/yr 24% more
Axis Max Life Insurance Branch Manager Salary 9 - 18 years exp. (12 salaries)	Unlock ₹7.3 L/yr - ₹12.5 L/yr 22% more	2 job openings
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 18 years exp. (19 salaries)	Unlock ₹6 L/yr - ₹11 L/yr At par	1 job opening
Tata AIA Life Insurance Branch Manager Salary 9 - 19 years exp. (15 salaries)	Unlock ₹8.2 L/yr - ₹15.5 L/yr 34% more	18 job openings
Bharti AXA Life Insurance Branch Manager Salary 12 - 15 years exp. (6 salaries)	Unlock ₹6.2 L/yr - ₹9.9 L/yr 3% more
Star Health & Allied Insurance Branch Manager Salary 8 - 17 years exp. (11 salaries)	Unlock ₹6.5 L/yr - ₹10.2 L/yr 6% less	1 job opening
ICICI Lombard General Insurance Company Branch Manager Salary 6 - 14 years exp. (9 salaries)	Unlock ₹4.8 L/yr - ₹12 L/yr 6% less	3 job openings
HDFC Ergo General Insurance Branch Manager Salary 9 - 16 years exp. (9 salaries)	Unlock ₹6 L/yr - ₹10.5 L/yr 2% more
Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 10 years exp. (3 salaries)	Unlock ₹8.5 L/yr - ₹11 L/yr 5% less
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PNB MetLife Branch Manager Salary 12 - 18 years exp. (3 salaries)	Unlock ₹9.5 L/yr - ₹12.5 L/yr 7% more

Branch Manager salary at HDFC Life ranges between ₹5.5 Lakhs to ₹12.5 Lakhs per year for employees with experience between 6 years to 17 years. Salary estimates are based on 32 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Branch Manager in Mumbai

3w ago

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6 years exp.

1mo ago

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13 years exp.

1mo ago

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15 years exp.

3mo ago

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10 years exp.

1y ago

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10 years exp.

1y ago

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14 years exp.

1y ago

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9 years exp.

1y ago

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17 years exp.

1y ago

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15 years exp.

1y ago

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8 years exp.

Experience wise HDFC Life Branch Manager salaries in Mumbai

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	Unlock ₹3.2 L/yr - ₹9.9 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹5.5 L/yr - ₹14.8 L/yr
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8 years (3 salaries)	Unlock ₹5.5 L/yr - ₹15.1 L/yr
9 years (3 salaries)	Unlock ₹5.5 L/yr - ₹15.4 L/yr
10 years (7 salaries)	Unlock ₹7 L/yr - ₹10.5 L/yr
11 years (5 salaries)	Unlock ₹7.3 L/yr - ₹10 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹3.6 L/yr - ₹10 L/yr
13 years (3 salaries)	Unlock ₹6.4 L/yr - ₹12.5 L/yr
14 years (AmbitionBox Estimate)	Unlock ₹7.5 L/yr - ₹10 L/yr
15+ years (5 salaries)	Unlock ₹7 L/yr - ₹12 L/yr

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From

Branch Manager

₹

Lakhs/yr

6 - 18 years exp.

General Manager

₹

Lakhs/yr

10 - 24 years exp.

Branch Manager

6 - 18 years exp.

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Senior Branch Manager

10 - 20 years exp.

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21% hike

Deputy General Manager

9 - 19 years exp.

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66% hike

From

View 1 more level

Branch Manager

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6 - 18 years exp.

Senior Manager

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2 - 18 years exp.

From

View 2 more levels

Branch Manager

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6 - 18 years exp.

Regional Head

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17 - 21 years exp.

From

View 2 more levels

Branch Manager

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6 - 18 years exp.

Associate Head Regional

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13 - 22 years exp.

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

Deputy Manager Salary

(424 salaries)

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₹3.5 L/yr - ₹14.4 L/yr

Chief Manager Salary

(171 salaries)

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₹11.1 L/yr - ₹30 L/yr

Sales Manager Salary

(91 salaries)

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₹2.2 L/yr - ₹7.5 L/yr

Branch Head Salary

(13 salaries)

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₹8 L/yr - ₹10 L/yr

Senior Branch Manager Salary

(6 salaries)

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₹9 L/yr - ₹14.35 L/yr

Branch Sales Manager Salary

(6 salaries)

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₹5 L/yr - ₹10.5 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

3.7

Rated by 5 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.

Skill development - Good

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.

Salary - Bad

+5 more

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

Salary - Excellent

+6 more

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.

Skill development - Excellent

+2 more

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 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

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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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 6 years to 17 years. According to our estimates it is 17% less than the average Branch Manager Salary in India. Salary estimates are based on 32 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 17% 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 - ₹6.1 Lakhs to ₹18.0 Lakhs per year
Tata AIA Life Insurance Branch Manager Salary - ₹8.2 Lakhs to ₹15.5 Lakhs per year
SBI Life Insurance Company Branch Manager Salary - ₹8.0 Lakhs to ₹12.2 Lakhs per year
Axis Max Life Insurance Branch Manager Salary - ₹7.3 Lakhs to ₹12.5 Lakhs per year
PNB MetLife Branch Manager Salary - ₹9.5 Lakhs to ₹12.5 Lakhs per year

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

Bharti AXA Life Insurance Branch Manager Salary - ₹6.2 Lakhs to ₹9.9 Lakhs per year
HDFC Ergo General Insurance Branch Manager Salary - ₹6.0 Lakhs to ₹10.5 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 - ₹8.5 Lakhs to ₹11.0 Lakhs per year
ICICI Lombard General Insurance Company Branch Manager Salary - ₹4.8 Lakhs to ₹12.0 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 ₹66,234 per month to ₹67,927 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 6 years to 17 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, 43% of the HDFC Life Branch Managers in Mumbai reported a notice period of 2 Months, 43% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 7 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 32 HDFC Life latest salaries received from various employees of HDFC Life.