HDFC Life Mumbai Chief Manager Salaries by 100+ Employees (Updated 2025)

5 - 20 years exp.

₹11.1 Lakhs - ₹30 Lakhs

Salary of majority employees

Fixed (86%)

₹20.2 Lakhs

Variable (14%)

₹3.3 Lakhs

7% more than the average Chief Manager Salary in Insurance Companies for 5 - 20 years of experience

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Salaries in different departments

Strategic & Top Management Chief Manager Salary 5 - 19 years exp. (21 salaries)	₹17 L/yr - ₹30 L/yr
Customer Success, Service & Operations Chief Manager Salary 5 - 19 years exp. (19 salaries)	₹15 L/yr - ₹30 L/yr
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Project & Program Management Chief Manager Salary 5 - 17 years exp. (16 salaries)	₹21.1 L/yr - ₹29.5 L/yr
BFSI, Investments & Trading Chief Manager Salary 5 - 19 years exp. (15 salaries)	₹18 L/yr - ₹30 L/yr
Sales & Business Development Chief Manager Salary 5 - 17 years exp. (13 salaries)	₹18.5 L/yr - ₹30 L/yr

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Last Updated: 19 Feb 2025

Companies similar to HDFC Life for Chief Manager in Mumbai

HDFC Life Chief Manager Salary

5 - 20 years exp. (155 salaries)

₹11.1 L/yr - ₹30 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Chief Manager Salary 8 - 23 years exp. (53 salaries)	₹14.5 L/yr - ₹40 L/yr 11% more
Max Life Insurance Chief Manager Salary 8 - 20 years exp. (17 salaries)	₹12.6 L/yr - ₹30 L/yr At par	3 job openings
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Bajaj Allianz Life Insurance Chief Manager Salary 7 - 21 years exp. (16 salaries)	₹18 L/yr - ₹37.8 L/yr 8% more
Kotak Mahindara Life Insurance Chief Manager Salary 0 - 17 years exp. (252 salaries)	₹5.5 L/yr - ₹21 L/yr 49% less
Reliance Nippon Life Insurance Chief Manager Salary 7 - 22 years exp. (53 salaries)	₹7.9 L/yr - ₹24 L/yr 35% less
ICICI Lombard General Insurance Company Chief Manager Salary 3 - 19 years exp. (183 salaries)	₹10 L/yr - ₹22 L/yr 30% less
Aditya Birla Sun Life Insurance Chief Manager Salary 4 - 20 years exp. (43 salaries)	₹13 L/yr - ₹35 L/yr 2% less
PNB MetLife Chief Manager Salary 6 - 16 years exp. (31 salaries)	₹18.2 L/yr - ₹30.6 L/yr 6% more
Kotak Mahindra General Insurance Chief Manager Salary 10 - 18 years exp. (23 salaries)	₹8.3 L/yr - ₹18.5 L/yr 33% less
Aditya Birla Insurance Brokers Chief Manager Salary 6 - 18 years exp. (5 salaries)	₹20.9 L/yr - ₹26 L/yr 10% less
Gallagher Chief Manager Salary 7 - 13 years exp. (3 salaries)	₹15 L/yr - ₹17.5 L/yr 29% less
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Chief Manager salary at HDFC Life ranges between ₹11.1 Lakhs to ₹30 Lakhs per year for employees with experience between 5 years to 20 years. Salary estimates are based on 155 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Chief Manager salaries in Mumbai

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
5 years (19 salaries)	₹20 L/yr - ₹30 L/yr
6 years (18 salaries)	₹19.8 L/yr - ₹30 L/yr
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7 years (8 salaries)	₹19 L/yr - ₹30 L/yr
8 years (9 salaries)	₹21.5 L/yr - ₹30 L/yr
9 years (9 salaries)	₹19 L/yr - ₹30 L/yr
10 years (11 salaries)	₹18.3 L/yr - ₹30 L/yr
11 years (7 salaries)	₹19 L/yr - ₹30 L/yr
12 years (7 salaries)	₹14 L/yr - ₹29 L/yr
13 years (5 salaries)	₹11.1 L/yr - ₹30 L/yr
14 years (8 salaries)	₹19 L/yr - ₹25.4 L/yr
15+ years (54 salaries)	₹14.3 L/yr - ₹28 L/yr

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Similar Designation salaries in HDFC Life

Deputy Manager Salary

(473 salaries)

₹3.5 L/yr - ₹14 L/yr

Sales Manager Salary

(90 salaries)

₹2.2 L/yr - ₹7.5 L/yr

Branch Manager Salary

(29 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Cluster Manager Salary

(26 salaries)

₹6 L/yr - ₹11.46 L/yr

Territory Manager Salary

(23 salaries)

₹5.2 L/yr - ₹17.2 L/yr

Operations Manager Salary

(9 salaries)

₹1.45 L/yr - ₹10 L/yr

Sales Officer Salary

(3 salaries)

₹2.4 L/yr - ₹3.08 L/yr

Top skills at HDFC Life for Chief Manager

Strategic Alliances Innovation Hive Strategic Planning corporate planning Alliances Strategic Alliances agency AWS SVM GCP Campaign Management Static Equipment Predictive Modeling Machine Learning

Salary related reviews for HDFC Life

3.2

Rated by 20 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

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

Operations Manager in Mumbai

Full Time

Risk Management & Compliance Department

3.0

• posted on 26 Nov 2023

1.0

for Salary and Benefits

Likes

The way they make fool our of you. JD and actual work are really different. Popular statement "I am a really considerate manager".

Job security - Excellent

Dislikes

Usual work day is for about 12 hrs On document Saturday is a non working day but you will be forced to work with out pay. Overtime is a myth Promotion depends upon L1's will. Variable pay is only for MT's and chief manager & above Huge gap in pay at same band.

Salary - Bad

+4 more

Sales Manager in Mumbai

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

Skill development - Poor

+5 more

Relationship Manager in Bhubaneswar

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.

Salary - Poor

+4 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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HDFC Life Chief Manager Salary FAQs

What is the salary of Chief Manager at HDFC Life Mumbai?

Chief Manager salary at HDFC Life in Mumbai ranges between ₹11.1 Lakhs to ₹30.0 Lakhs for experience between 5 years to 20 years. According to our estimates it is 7% more than the average Chief Manager Salary in India. Salary estimates are based on 155 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Chief Manager at HDFC Life is 7% more than the average salary of a Chief Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Chief Manager at HDFC Life?

Strategic Alliances, Innovation, Hive, Strategic Planning and corporate planning are some of the popular skills required to work as a Chief Manager at HDFC Life Mumbai.

Which similar companies are paying more than HDFC Life to a Chief Manager in Mumbai?

ICICI Prudential Life Insurance Chief Manager Salary - ₹14.5 Lakhs to ₹40.0 Lakhs per year
Bajaj Allianz Life Insurance Chief Manager Salary - ₹18.0 Lakhs to ₹37.8 Lakhs per year
PNB MetLife Chief Manager Salary - ₹18.2 Lakhs to ₹30.6 Lakhs per year

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

Max Life Insurance Chief Manager Salary - ₹12.6 Lakhs to ₹30.0 Lakhs per year
Aditya Birla Sun Life Insurance Chief Manager Salary - ₹13.0 Lakhs to ₹35.0 Lakhs per year
Aditya Birla Insurance Brokers Chief Manager Salary - ₹20.9 Lakhs to ₹26.0 Lakhs per year
Gallagher Chief Manager Salary - ₹15.0 Lakhs to ₹17.5 Lakhs per year
ICICI Lombard General Insurance Company Chief Manager Salary - ₹10.0 Lakhs to ₹22.0 Lakhs per year

What is the estimated take home salary of a Chief Manager at HDFC Life in Mumbai?

The estimated take-home salary of a Chief Manager at HDFC Life ranges between ₹1,50,586 per month to ₹1,56,258 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Chief Manager salary in India which ranges between ₹11.1 Lakhs to ₹30.0 Lakhs per year for employees with experience between 5 years to 20 years. Check how did we calculate take home salary?

What is the notice period for Chief Manager at HDFC Life in Mumbai?

According to AmbitionBox, 83% of the HDFC Life Chief Managers in Mumbai reported a notice period of 3 Months, 7% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 129 responses on AmbitionBox in last 2 years.

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HDFC Life Chief Manager Salaries in Mumbai

HDFC Life Chief Manager salary in Mumbai ranges between ₹11.1 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 155 HDFC Life latest salaries received from various employees of HDFC Life.