HDFC Life Mumbai Business Analyst Salaries by 20+ Employees (Updated 2025)

1 - 8 years exp.

₹3.2 Lakhs - ₹11.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

31% less than the average Business Analyst Salary in Insurance Companies for 1 - 8 years of experience

Interested in this particular role?

Salaries in different departments

Data Science & Analytics Business Analyst Salary 1 - 8 years exp. (7 salaries)	₹3.5 L/yr - ₹10.9 L/yr
Engineering - Software & QA Business Analyst Salary 3 - 8 years exp. (6 salaries)	₹3.2 L/yr - ₹7.5 L/yr
Login to view exact salary
BFSI, Investments & Trading Business Analyst Salary 5 - 7 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹11 L/yr
Project & Program Management Business Analyst Salary 5 - 8 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.7 L/yr
Marketing & Communication Business Analyst Salary 5 years exp. (AmbitionBox Estimate)	₹6.1 L/yr - ₹11.3 L/yr

View all

Last Updated: 19 Mar 2025

Companies similar to HDFC Life for Business Analyst in Mumbai

HDFC Life Business Analyst Salary

1 - 8 years exp. (22 salaries)

₹3.2 L/yr - ₹11.1 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Business Analyst Salary 0 - 6 years exp. (26 salaries)	₹4 L/yr - ₹13.8 L/yr 25% more
ICICI Prudential Life Insurance Business Analyst Salary 0 - 6 years exp. (21 salaries)	₹3.6 L/yr - ₹11 L/yr 16% more
Login to view exact salary
Kotak Mahindara Life Insurance Business Analyst Salary 0 - 7 years exp. (20 salaries)	₹3 L/yr - ₹10 L/yr 20% less	2 job openings
Aditya Birla Sun Life Insurance Business Analyst Salary 2 - 10 years exp. (15 salaries)	₹4 L/yr - ₹16.6 L/yr 33% more
SBI General Insurance Business Analyst Salary 1 - 7 years exp. (12 salaries)	₹4 L/yr - ₹12 L/yr 20% more
HDFC Ergo General Insurance Business Analyst Salary 2 - 10 years exp. (10 salaries)	₹7.4 L/yr - ₹10.4 L/yr 39% more
Bajaj Allianz Life Insurance Business Analyst Salary 3 - 6 years exp. (5 salaries)	₹6 L/yr - ₹16.5 L/yr 86% more
Tata AIA Life Insurance Business Analyst Salary 7 - 10 years exp. (4 salaries)	₹9.9 L/yr - ₹13.3 L/yr 43% more
PNB MetLife Business Analyst Salary 4 - 13 years exp. (3 salaries)	₹5 L/yr - ₹8 L/yr 8% less

Business Analyst salary at HDFC Life ranges between ₹3.2 Lakhs to ₹11.1 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 22 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Business Analyst in Mumbai

2w ago

₹5.5 Lakhs

2 years exp.

2mo ago

₹7.5 Lakhs

8 years exp.

3mo ago

₹11 Lakhs

7 years exp.

3mo ago

₹7 Lakhs

5 years exp.

3mo ago

₹5 Lakhs

1 year exp.

4mo ago

1 year exp.

10mo ago

2 years exp.

10mo ago

7 years exp.

1y ago

4 years exp.

1y ago

4 years exp.

Experience wise HDFC Life Business Analyst salaries in Mumbai

Last Updated: 19 Mar 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹5 L/yr - ₹9 L/yr
2 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
Login to view exact salary
3 years (3 salaries)	₹3.2 L/yr - ₹12.1 L/yr
4 years (3 salaries)	₹3.9 L/yr - ₹12.7 L/yr
5 years (5 salaries)	₹4.5 L/yr - ₹11.3 L/yr
6 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
7 years (3 salaries)	₹6.5 L/yr - ₹11 L/yr
8 years (3 salaries)	₹7.5 L/yr - ₹14.9 L/yr

View all

Similar Designation salaries in HDFC Life

Senior Associate Salary

(496 salaries)

₹1.05 L/yr - ₹4.6 L/yr

Project Manager Salary

(16 salaries)

₹6.56 L/yr - ₹16.5 L/yr

Data Scientist Salary

(5 salaries)

₹6.2 L/yr - ₹13 L/yr

Team Lead Salary

(5 salaries)

₹3.26 L/yr - ₹7 L/yr

Senior Business Analyst Salary

(5 salaries)

₹8.45 L/yr - ₹22.6 L/yr

Data Analyst Salary

(3 salaries)

₹4.2 L/yr - ₹7 L/yr

Top skills at HDFC Life for Business Analyst

Business Analysis Requirement Gathering Project Management Life Insurance CRM New Business Underwriting Requirement Gathering Bancassurance Solution Delivery Data Analysis Data Analytics Rest Stakeholder Management System Design

Salary related reviews for HDFC Life

3.1

Rated by 4 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

Senior Associate in Machilipatnam

Full Time

Other Department

4.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

Skill development - Excellent

+2 more

Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

Promotions - Poor

Senior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

Salary - Bad

+6 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

Senior Associate in Patna

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 04 Jun 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Low salary structure Unwanted work pressure Dirty politics Zero growth if you're not a politician in the company Non recognition of your good work No incentives even after having huge targets Manual rating system of employees, you will be judged by your amount of buttering not by your performance. Overall very bad work culture

Salary - Bad

+6 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

Got a question about HDFC Life?

Ask anonymously on communities.

HDFC Life Business Analyst Salary FAQs

What is the salary of Business Analyst at HDFC Life in Mumbai?

The average salary of a Business Analyst at HDFC Life in Mumbai typically ranges from ₹3.2 Lakhs to ₹11.1 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Business Analyst in Mumbai at HDFC Life earn more than ₹11.1 Lakhs per year, and the top 1% earn over ₹16.7 Lakhs per year. Business Analyst 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 20+ HDFC Life employees in India.

What is the estimated take home salary of a Business Analyst at HDFC Life in Mumbai?

The estimated take-home salary of a Business Analyst at HDFC Life in Mumbai typically ranges from ₹53,705 to ₹55,044 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹11.1 Lakhs per year for employees with experience ranging from 1 year to 8 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 20+ 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 Business Analyst at HDFC Life in Mumbai?

To be a Business Analyst at HDFC Life in Mumbai, the key skills required include:

- Business Analysis
- Requirement Gathering
- Project Management
- Life Insurance
- CRM

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 Business Analyst in India?

Bajaj Allianz Life Insurance	₹6.0 Lakhs to ₹16.5 Lakhs per year
Tata AIA Life Insurance	₹9.9 Lakhs to ₹13.3 Lakhs per year
HDFC Ergo General Insurance	₹7.4 Lakhs to ₹10.4 Lakhs per year
Aditya Birla Sun Life Insurance	₹4.0 Lakhs to ₹16.6 Lakhs per year
ICICI Lombard General Insurance Company	₹4.0 Lakhs to ₹13.8 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 Business Analyst in companies similar to HDFC Life in Mumbai?

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

SBI General Insurance	₹4.0 Lakhs to ₹12.0 Lakhs per year
ICICI Prudential Life Insurance	₹3.6 Lakhs to ₹11.0 Lakhs per year
PNB MetLife	₹5.0 Lakhs to ₹8.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.0 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 Business Analyst at HDFC Life in Mumbai?

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

Experience	Average Salary Range
1 year	₹5.0 Lakhs to ₹9.0 Lakhs per year
2 years	₹5.8 Lakhs to ₹7.4 Lakhs per year
3 years	₹3.2 Lakhs to ₹12.1 Lakhs per year
4 years	₹3.9 Lakhs to ₹12.7 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
HDFC Life Salaries >
HDFC Life Business Analyst Salaries >
HDFC Life Business Analyst Salaries in Mumbai

HDFC Life Business Analyst salary in Mumbai ranges between ₹3.2 Lakhs to ₹11.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 HDFC Life latest salaries received from various employees of HDFC Life.