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

14% less than the average Branch Manager Salary in Insurance Companies for 6 - 17 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 6 - 17 years exp. (16 salaries)	₹5.9 L/yr - ₹12 L/yr
Sales & Business Development Branch Manager Salary 7 - 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 - ₹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)

₹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. (50 salaries)	₹7.2 L/yr - ₹18 L/yr 44% more
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 18 years exp. (19 salaries)	₹6 L/yr - ₹11 L/yr 4% less
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Tata AIA Life Insurance Branch Manager Salary 9 - 19 years exp. (16 salaries)	₹8.2 L/yr - ₹17.3 L/yr 33% more	13 job openings
Axis Max Life Insurance Branch Manager Salary 9 - 18 years exp. (12 salaries)	₹7.3 L/yr - ₹12.5 L/yr 21% more	4 job openings
Bajaj Allianz Life Insurance Branch Manager Salary 7 - 15 years exp. (11 salaries)	₹5.1 L/yr - ₹11 L/yr 11% less	5 job openings
Star Health & Allied Insurance Branch Manager Salary 8 - 18 years exp. (11 salaries)	₹6.5 L/yr - ₹10.2 L/yr 6% less
HDFC Ergo General Insurance Branch Manager Salary 9 - 16 years exp. (9 salaries)	₹6 L/yr - ₹10.5 L/yr 1% more
ICICI Lombard General Insurance Company Branch Manager Salary 6 - 14 years exp. (8 salaries)	₹6 L/yr - ₹12 L/yr 3% less	3 job openings
SBI Life Insurance Company Branch Manager Salary 7 - 20 years exp. (8 salaries)	₹8 L/yr - ₹11.2 L/yr 13% more
Aditya Birla Sun Life Insurance Branch Manager Salary 5 - 10 years exp. (4 salaries)	₹8.5 L/yr - ₹11 L/yr 5% more
PNB MetLife Branch Manager Salary 12 - 18 years exp. (3 salaries)	₹9.5 L/yr - ₹12.5 L/yr 7% more
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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.

Experience wise HDFC Life Branch Manager salaries in Mumbai

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹9.9 L/yr
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹14.9 L/yr
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8 years (3 salaries)	₹5.5 L/yr - ₹15.2 L/yr
9 years (3 salaries)	₹5.5 L/yr - ₹15.5 L/yr
10 years (7 salaries)	₹7 L/yr - ₹10.5 L/yr
11 years (5 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 (5 salaries)	₹7 L/yr - ₹12 L/yr

View all

From

Branch Manager

₹

Lakhs/yr

6 - 18 years exp.

General Manager

₹

Lakhs/yr

10 - 24 years exp.

Branch Manager

6 - 18 years exp.

Senior Branch Manager

10 - 20 years exp.

25% hike

Deputy General Manager

9 - 19 years exp.

63% hike

From

View 1 more level

Branch Manager

6 - 18 years exp.

Senior Manager

2 - 20 years exp.

From

View 2 more levels

Branch Manager

6 - 18 years exp.

Regional Head

17 - 21 years exp.

From

View 2 more levels

Branch Manager

6 - 18 years exp.

Associate Head Regional

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

(477 salaries)

₹3.5 L/yr - ₹12.5 L/yr

Chief Manager Salary

(163 salaries)

₹14 L/yr - ₹30 L/yr

Sales Manager Salary

(91 salaries)

₹2.2 L/yr - ₹7.5 L/yr

Area Manager Salary

(27 salaries)

₹11.37 L/yr - ₹19 L/yr

Branch Head Salary

(14 salaries)

₹6.5 L/yr - ₹10 L/yr

Branch Sales Manager Salary

(7 salaries)

₹5 L/yr - ₹10.5 L/yr

Senior Branch Manager Salary

(6 salaries)

₹9 L/yr - ₹14.35 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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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 Manager Salary FAQs

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

The average salary of a Branch Manager at HDFC Life in Mumbai typically ranges from ₹5.5 Lakhs to ₹12.5 Lakhs per year, depending on experience (from 6 years to 17 years).

The top 10% of Branch Manager in Mumbai at HDFC Life earn more than ₹10.2 Lakhs per year, and the top 1% earn over ₹12.5 Lakhs per year. Branch 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 30+ HDFC Life employees in India.

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 in Mumbai typically ranges from ₹66,597 to ₹68,300 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹12.5 Lakhs per year for employees with experience ranging from 6 years to 17 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 30+ 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 Manager at HDFC Life in Mumbai?

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

- Branch Management
- Life Insurance
- Direct Sales
- Team Management
- Branch Operations

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 Manager in India?

ICICI Prudential Life Insurance	₹7.2 Lakhs to ₹18.0 Lakhs per year
Tata AIA Life Insurance	₹8.2 Lakhs to ₹17.3 Lakhs per year
Axis Max Life Insurance	₹7.3 Lakhs to ₹12.5 Lakhs per year
SBI Life Insurance Company	₹8.0 Lakhs to ₹11.2 Lakhs per year
PNB MetLife	₹9.5 Lakhs to ₹12.5 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 Manager in companies similar to HDFC Life in Mumbai?

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

Aditya Birla Sun Life Insurance	₹8.5 Lakhs to ₹11.0 Lakhs per year
HDFC Ergo General Insurance	₹6.0 Lakhs to ₹10.5 Lakhs per year
ICICI Lombard General Insurance Company	₹6.0 Lakhs to ₹12.0 Lakhs per year
Kotak Mahindara Life Insurance	₹6.0 Lakhs to ₹11.0 Lakhs per year
Star Health & Allied Insurance	₹6.5 Lakhs to ₹10.2 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 Manager at HDFC Life in Mumbai?

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

Experience	Average Salary Range
6 years	₹3.2 Lakhs to ₹9.9 Lakhs per year
7 years	₹5.5 Lakhs to ₹14.9 Lakhs per year
8 years	₹5.5 Lakhs to ₹15.2 Lakhs per year
9 years	₹5.5 Lakhs to ₹15.5 Lakhs per year

and so on.

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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.