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HDFC Life Business Manager salaries in India (Updated 2025)

Annual salary range
3 - 13 years exp.
₹2.4 Lakhs - ₹8.1 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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60% less than the average Business Manager Salary in Insurance Companies for 3 - 13 years of experience

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Salaries in different departments

Sales & Business Development
Business Manager Salary
5 - 13 years exp. (5 salaries)
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₹2.4 L/yr - ₹8.1 L/yr

BFSI, Investments & Trading
Business Manager Salary
3 - 10 years exp. (4 salaries)
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₹3 L/yr - ₹8.1 L/yr

Last Updated: 7 Jan 2025

Companies similar to HDFC Life for Business Manager

Company name Avg Annual Salary Open Jobs
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₹3 L/yr - ₹5 L/yr

arrow icon 15% less
1 job opening
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Tata AIA Life Insurance Business Manager Salary

4 - 17 years exp. (19 salaries)

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₹6.5 L/yr - ₹11 L/yr

arrow icon 91% more
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₹5.1 L/yr - ₹7.3 L/yr

arrow icon 48% more
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₹2.3 L/yr - ₹10 L/yr

arrow icon 13% more
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₹3.1 L/yr - ₹4 L/yr

arrow icon 16% less
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PNB MetLife Business Manager Salary

3 - 14 years exp. (7 salaries)

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₹3.5 L/yr - ₹7.5 L/yr

arrow icon 27% more
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₹4.5 L/yr - ₹6 L/yr

arrow icon 1% more
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₹3.1 L/yr - ₹9.5 L/yr

arrow icon 19% more
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SBI General Insurance Business Manager Salary

6 - 14 years exp. (5 salaries)

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₹4 L/yr - ₹15.1 L/yr

arrow icon 94% more
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₹1 L/yr - ₹5.8 L/yr

arrow icon 43% less
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₹7.9 L/yr - ₹8.3 L/yr

arrow icon 76% more
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₹3.4 L/yr - ₹6.2 L/yr

arrow icon 10% more
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₹3.9 L/yr - ₹15 L/yr

arrow icon 114% more
Business Manager salary at HDFC Life ranges between ₹2.4 Lakhs to ₹8.1 Lakhs per year for employees with experience between 3 years to 13 years. Salary estimates are based on 10 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Business Manager

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Experience wise HDFC Life Business Manager salaries

Last Updated: 7 Jan 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹3 L/yr - ₹6.9 L/yr
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹7.2 L/yr
5 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹7.4 L/yr
6 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.9 L/yr
7 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
View all

Similar Designation salaries in HDFC Life

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₹2.4 L/yr - ₹8.5 L/yr
Branch Manager Salary
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₹5.25 L/yr - ₹12.5 L/yr
Sales Manager Salary
(698 salaries)
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₹1.1 L/yr - ₹7.5 L/yr
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₹11.5 L/yr - ₹35.2 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹25.2 L/yr - ₹32.2 L/yr
Area Manager Salary
(36 salaries)
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₹7.71 L/yr - ₹19 L/yr
Deputy Manager Salary
(827 salaries)
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₹3.5 L/yr - ₹12.25 L/yr
Territory Manager Salary
(150 salaries)
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₹11.32 L/yr - ₹21 L/yr
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₹2 L/yr - ₹8 L/yr
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₹3.21 L/yr - ₹7.77 L/yr

Top skills at HDFC Life for Business Manager

Marketing Business Intelligence Business Strategy UAT Business Analytics Dashboards Data Analytics Business Excellence Communication Skills QlikView Data Analysis pgdm Performance Monitoring Quantitative Analysis New Product Development

Salary related reviews for HDFC Life

5.0

Rated by 4 employees for salary & benefits

Full Time

 · 

CSR & Social Service Department

4.0
  •  posted on 23 Mar 2025

2.0
 for  Salary and Benefits

Likes

The company has lots of data, They r learning you in first stage and after that they r find a way to indicate you wrongly.

read more
  • Job security - Good

Dislikes

Less salary, no support from trainer, biggest layers, no leaves, no support from L1 and above, no motivation only needed business, so if u r afresher think twice before joining.

read more
  • Salary - Poor

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.

read more
  • 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.

read more
  • Salary - Bad
  • +4 more

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.

read more
  • Work satisfaction - Bad
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 24 Oct 2023

3.0
 for  Salary and Benefits

Likes

Already they are top in insurance sector so people know about this company that's good part.

Dislikes

...se that's why they are doing insurance these are the facts they take advantage In small salary package thier expectation is more than crore For a freshers Or 2 years experience not good place to work You have to travel every single day like a horse (on your money) Many more people don't share because they sacred if they share they can't get job because these people leaves and they go to another company so it's like round like earth anyone can meet anywhere In 100 people only will success 2

read more
  • Skill development - Poor
  • +5 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 05 May 2024

2.0
 for  Salary and Benefits

Likes

Big brand. People know the brand very well

Dislikes

Less salary compare to psu. Even clerk of psu bank get more than a manager grade of hdfc. Bonus and incentives at junior grade not that good. Only boss and team managers will get good salary here . No travel claims are given.

read more
  • Salary - Poor
  • +4 more
see more salary related reviews

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HDFC Life Business Manager Salary FAQs

What is the salary of Business Manager at HDFC Life ?
The average salary of a Business Manager at HDFC Life in India typically ranges from ₹2.4 Lakhs to ₹8.1 Lakhs per year, depending on experience (from 3 years to 13 years).

The top 10% of Business Manager at HDFC Life earn more than ₹8.1 Lakhs per year, and the top 1% earn over ₹8.1 Lakhs per year. Business 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 10 HDFC Life employees in India.
What is the estimated take home salary of a Business Manager at HDFC Life in India?
The estimated take-home salary of a Business Manager at HDFC Life in India typically ranges from ₹33,618 to ₹34,878 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹8.1 Lakhs per year for employees with experience ranging from 3 years to 13 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 10 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 Manager at HDFC Life ?
To be a Business Manager at HDFC Life in india, the key skills required include:

  • - Marketing
  • - Business Intelligence
  • - Business Strategy
  • - UAT
  • - Business Analytics

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 Manager in India?
HDFC Ergo General Insurance ₹3.9 Lakhs to ₹15.0 Lakhs per year
SBI General Insurance ₹4.0 Lakhs to ₹15.1 Lakhs per year
Tata AIA Life Insurance ₹6.5 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹7.9 Lakhs to ₹8.3 Lakhs per year
SBI Life Insurance Company ₹5.1 Lakhs to ₹7.3 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 Manager in companies similar to HDFC Life in India?
The salary of a Business Manager at companies similar to HDFC Life in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

PNB MetLife ₹3.5 Lakhs to ₹7.5 Lakhs per year
Axis Max Life Insurance ₹3.1 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company ₹2.3 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindara Life Insurance ₹3.4 Lakhs to ₹6.2 Lakhs per year
Bajaj Allianz Life Insurance ₹4.5 Lakhs to ₹6.0 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 Manager at HDFC Life in India?
The salary growth for a Business Manager at HDFC Life depends on factors such as experience, performance, and promotions. On average, a Business Manager can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
3 years ₹3.0 Lakhs to ₹6.9 Lakhs per year
4 years ₹3.0 Lakhs to ₹7.2 Lakhs per year
5 years ₹2.4 Lakhs to ₹7.4 Lakhs per year
6 years ₹3.8 Lakhs to ₹4.9 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Life Business Manager salary in India ranges between ₹2.4 Lakhs to ₹8.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 HDFC Life latest salaries received from various employees of HDFC Life.