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

1 - 8 years exp.

₹3.2 Lakhs - ₹11.1 Lakhs

Salary of majority employees

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

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Salaries in different departments

Data Science & Analytics Business Analyst Salary 1 - 8 years exp. (7 salaries)	Unlock ₹3.5 L/yr - ₹10.9 L/yr
Engineering - Software & QA Business Analyst Salary 3 - 8 years exp. (6 salaries)	Unlock ₹3.2 L/yr - ₹7.5 L/yr
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BFSI, Investments & Trading Business Analyst Salary 5 - 7 years exp. (AmbitionBox Estimate)	Unlock ₹7 L/yr - ₹11 L/yr
Project & Program Management Business Analyst Salary 5 - 8 years exp. (AmbitionBox Estimate)	Unlock ₹4.5 L/yr - ₹9.7 L/yr
Marketing & Communication Business Analyst Salary 5 years exp. (AmbitionBox Estimate)	Unlock ₹5.4 L/yr - ₹11.3 L/yr

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Last Updated: 22 Jan 2025

Companies similar to HDFC Life for Business Analyst in Mumbai

HDFC Life Business Analyst Salary

1 - 8 years exp. (21 salaries)

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₹3.2 L/yr - ₹11.1 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Business Analyst Salary 0 - 6 years exp. (21 salaries)	Unlock ₹3.6 L/yr - ₹11 L/yr 17% more
Bajaj Allianz Life Insurance Business Analyst Salary 4 - 6 years exp. (4 salaries)	Unlock ₹6 L/yr - ₹16.5 L/yr 104% more
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Tata AIA Life Insurance Business Analyst Salary 7 - 10 years exp. (4 salaries)	Unlock ₹9.3 L/yr - ₹13.3 L/yr 35% more
Kotak Mahindara Life Insurance Business Analyst Salary 0 - 7 years exp. (19 salaries)	Unlock ₹3 L/yr - ₹8.9 L/yr 15% less	1 job opening
Bharti AXA Life Insurance Business Analyst Salary 6 - 9 years exp. (5 salaries)	Unlock ₹3.6 L/yr - ₹7.5 L/yr 23% less
ICICI Lombard General Insurance Company Business Analyst Salary 0 - 6 years exp. (26 salaries)	Unlock ₹4 L/yr - ₹13.8 L/yr 25% more
Aditya Birla Sun Life Insurance Business Analyst Salary 2 - 10 years exp. (15 salaries)	Unlock ₹4 L/yr - ₹16.9 L/yr 37% more
SBI General Insurance Business Analyst Salary 1 - 6 years exp. (12 salaries)	Unlock ₹4 L/yr - ₹12 L/yr 17% more
HDFC Ergo General Insurance Business Analyst Salary 2 - 10 years exp. (10 salaries)	Unlock ₹7 L/yr - ₹15.7 L/yr 29% more
PNB MetLife Business Analyst Salary 4 - 13 years exp. (3 salaries)	Unlock ₹5 L/yr - ₹8 L/yr 7% 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 21 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Business Analyst in Mumbai

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8 years exp.

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7 years exp.

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5 years exp.

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1 year exp.

3mo ago

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1 year exp.

9mo ago

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2 years exp.

9mo ago

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7 years exp.

1y ago

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4 years exp.

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4 years exp.

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5 years exp.

Experience wise HDFC Life Business Analyst salaries in Mumbai

Last Updated: 22 Jan 2025

Experience	Avg Annual Salary
1 year (3 salaries)	Unlock ₹5 L/yr - ₹9 L/yr
2 years (AmbitionBox Estimate)	Unlock ₹3.5 L/yr - ₹10.5 L/yr
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3 years (3 salaries)	Unlock ₹3.2 L/yr - ₹6.5 L/yr
4 years (3 salaries)	Unlock ₹3.9 L/yr - ₹12.4 L/yr
5 years (5 salaries)	Unlock ₹4.5 L/yr - ₹11.3 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹7.1 L/yr - ₹9.1 L/yr
7 years (3 salaries)	Unlock ₹6.5 L/yr - ₹11 L/yr
8 years (3 salaries)	Unlock ₹7.5 L/yr - ₹16.2 L/yr

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Similar Designation salaries in HDFC Life

Senior Associate Salary

(499 salaries)

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₹1.05 L/yr - ₹4.6 L/yr

Project Manager Salary

(16 salaries)

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₹6.56 L/yr - ₹16.5 L/yr

Data Scientist Salary

(5 salaries)

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₹6.2 L/yr - ₹13 L/yr

Team Lead Salary

(5 salaries)

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₹3.26 L/yr - ₹7 L/yr

Senior Business Analyst Salary

(5 salaries)

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₹8.45 L/yr - ₹22.6 L/yr

Data Analyst Salary

(3 salaries)

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₹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

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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 Business Analyst Salary FAQs

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

Business Analyst salary at HDFC Life in Mumbai ranges between ₹3.2 Lakhs to ₹11.1 Lakhs for experience between 1 years to 8 years. According to our estimates it is 31% less than the average Business Analyst Salary in India. Salary estimates are based on 21 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Business Analyst at HDFC Life is 31% less than the average salary of a Business Analyst in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Business Analyst at HDFC Life?

Business Analysis, Requirement Gathering, Project Management, Life Insurance and CRM are some of the popular skills required to work as a Business Analyst at HDFC Life Mumbai.

Which similar companies are paying more than HDFC Life to a Business Analyst in Mumbai?

Bajaj Allianz Life Insurance Business Analyst Salary - ₹6.0 Lakhs to ₹16.5 Lakhs per year
Aditya Birla Sun Life Insurance Business Analyst Salary - ₹4.0 Lakhs to ₹16.9 Lakhs per year
Tata AIA Life Insurance Business Analyst Salary - ₹9.3 Lakhs to ₹13.3 Lakhs per year
HDFC Ergo General Insurance Business Analyst Salary - ₹7.0 Lakhs to ₹15.7 Lakhs per year
ICICI Lombard General Insurance Company Business Analyst Salary - ₹4.0 Lakhs to ₹13.8 Lakhs per year

What is the salary of a Business Analyst in companies similar to HDFC Life in Mumbai?

SBI General Insurance Business Analyst Salary - ₹4.0 Lakhs to ₹12.0 Lakhs per year
ICICI Prudential Life Insurance Business Analyst Salary - ₹3.6 Lakhs to ₹11.0 Lakhs per year
PNB MetLife Business Analyst Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
Kotak Mahindara Life Insurance Business Analyst Salary - ₹3.0 Lakhs to ₹8.9 Lakhs per year
Bharti AXA Life Insurance Business Analyst Salary - ₹3.6 Lakhs to ₹7.5 Lakhs per year

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 ranges between ₹53,436 per month to ₹54,767 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Business Analyst salary in India which ranges between ₹3.2 Lakhs to ₹11.1 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Business Analyst at HDFC Life in Mumbai?

According to AmbitionBox, 54% of the HDFC Life Business Analysts in Mumbai reported a notice period of 1 Month, 15% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 13 responses on AmbitionBox in last 2 years.

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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 21 HDFC Life latest salaries received from various employees of HDFC Life.

HDFC Life Business Analyst salaries in Mumbai (Updated 2025)

Companies similar to HDFC Life for Business Analyst in Mumbai

Latest annual salaries shared by HDFC Life Business Analyst in Mumbai

Experience wise HDFC Life Business Analyst salaries in Mumbai

Similar Designation salaries in HDFC Life

Top skills at HDFC Life for Business Analyst

Salary related reviews for HDFC Life

Business Development Manager in Bijnor

Senior Associate in Machilipatnam

Senior Associate in Mumbai

Business Development Manager in Vasai-Virar

Senior Associate in Patna

HDFC Life Business Analyst Salary FAQs

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