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

5 - 20 years exp.

₹14 Lakhs - ₹30 Lakhs

Salary of majority employees

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

Interested in this particular role? 2 job openings

Salaries in different departments

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

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Last Updated: 22 Mar 2025

Companies similar to HDFC Life for Chief Manager in Mumbai

HDFC Life Chief Manager Salary

5 - 20 years exp. (163 salaries)

₹14 L/yr - ₹30 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Chief Manager Salary 0 - 17 years exp. (260 salaries)	₹5.5 L/yr - ₹18.5 L/yr 47% less
ICICI Lombard General Insurance Company Chief Manager Salary 3 - 19 years exp. (204 salaries)	₹10 L/yr - ₹21.5 L/yr 27% less
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ICICI Prudential Life Insurance Chief Manager Salary 9 - 22 years exp. (55 salaries)	₹14.5 L/yr - ₹40 L/yr 19% more
Reliance Nippon Life Insurance Chief Manager Salary 7 - 22 years exp. (55 salaries)	₹8 L/yr - ₹25 L/yr 35% less
Aditya Birla Sun Life Insurance Chief Manager Salary 4 - 17 years exp. (39 salaries)	₹12 L/yr - ₹32.5 L/yr 2% less
PNB MetLife Chief Manager Salary 6 - 16 years exp. (31 salaries)	₹18.2 L/yr - ₹30.6 L/yr 11% more	1 job opening
SBI General Insurance Chief Manager Salary 4 - 20 years exp. (24 salaries)	₹12 L/yr - ₹20.7 L/yr 29% less
Kotak Mahindra General Insurance Chief Manager Salary 10 - 18 years exp. (23 salaries)	₹8.3 L/yr - ₹18.5 L/yr 32% less
Bajaj Allianz Life Insurance Chief Manager Salary 7 - 21 years exp. (17 salaries)	₹18 L/yr - ₹37.8 L/yr 6% more
Axis Max Life Insurance Chief Manager Salary 8 - 20 years exp. (18 salaries)	₹12.6 L/yr - ₹30 L/yr 3% more	4 job openings
Aditya Birla Insurance Brokers Chief Manager Salary 6 - 18 years exp. (5 salaries)	₹20.9 L/yr - ₹26 L/yr 8% less
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Gallagher Chief Manager Salary 7 - 13 years exp. (3 salaries)	₹15 L/yr - ₹17.5 L/yr 28% less

Chief Manager salary at HDFC Life ranges between ₹14 Lakhs to ₹30 Lakhs per year for employees with experience between 5 years to 20 years. Salary estimates are based on 163 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Chief Manager salaries in Mumbai

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
5 years (22 salaries)	₹18 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 (8 salaries)	₹19 L/yr - ₹30 L/yr
12 years (8 salaries)	₹14 L/yr - ₹29 L/yr
13 years (4 salaries)	₹15 L/yr - ₹30 L/yr
14 years (9 salaries)	₹19 L/yr - ₹28 L/yr
15+ years (57 salaries)	₹14 L/yr - ₹28 L/yr

View all

Similar Designation salaries in HDFC Life

Deputy Manager Salary

(477 salaries)

₹3.5 L/yr - ₹12.5 L/yr

Sales Manager Salary

(91 salaries)

₹2.2 L/yr - ₹7.5 L/yr

Branch Manager Salary

(32 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Cluster Manager Salary

(27 salaries)

₹6 L/yr - ₹11.46 L/yr

Area Manager Salary

(27 salaries)

₹11.37 L/yr - ₹19 L/yr

Territory Manager Salary

(22 salaries)

₹10.21 L/yr - ₹18 L/yr

Operations Manager Salary

(9 salaries)

₹1.45 L/yr - ₹10 L/yr

Sales Officer Salary

(3 salaries)

₹2.4 L/yr - ₹3 L/yr

Top skills at HDFC Life for Chief Manager

Burp Suite Strategic Alliances Innovation Fortify Hive Strategic Planning corporate planning Alliances API Testing Strategic Alliances agency AWS SVM Application Security GCP

Salary related reviews for HDFC Life

3.1

Rated by 23 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

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Salary Discussions, Hike & Promotions

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 Chief Manager Salary FAQs

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

The average salary of a Chief Manager at HDFC Life in Mumbai typically ranges from ₹14.0 Lakhs to ₹30.0 Lakhs per year, depending on experience (from 5 years to 20 years).

The top 10% of Chief Manager in Mumbai at HDFC Life earn more than ₹29.1 Lakhs per year, and the top 1% earn over ₹30.0 Lakhs per year. Chief 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 100+ HDFC Life employees in India.

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 in Mumbai typically ranges from ₹1,47,870 to ₹1,53,420 per month. This is based on the average salary range of ₹14.0 Lakhs to ₹30.0 Lakhs per year for employees with experience ranging from 5 years to 20 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 100+ 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 Chief Manager at HDFC Life in Mumbai?

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

- Burp Suite
- Strategic Alliances
- Innovation
- Fortify
- Hive

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 Chief Manager in India?

ICICI Prudential Life Insurance	₹14.5 Lakhs to ₹40.0 Lakhs per year
PNB MetLife	₹18.2 Lakhs to ₹30.6 Lakhs per year
Bajaj Allianz Life Insurance	₹18.0 Lakhs to ₹37.8 Lakhs per year
Axis Max Life Insurance	₹12.6 Lakhs to ₹30.0 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 Chief Manager in companies similar to HDFC Life in Mumbai?

The salary of a Chief 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	₹12.0 Lakhs to ₹32.5 Lakhs per year
Aditya Birla Insurance Brokers	₹20.9 Lakhs to ₹26.0 Lakhs per year
ICICI Lombard General Insurance Company	₹10.0 Lakhs to ₹21.5 Lakhs per year
Gallagher	₹15.0 Lakhs to ₹17.5 Lakhs per year
SBI General Insurance	₹12.0 Lakhs to ₹20.7 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 Chief Manager at HDFC Life in Mumbai?

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

Experience	Average Salary Range
5 years	₹18.0 Lakhs to ₹30.0 Lakhs per year
6 years	₹19.8 Lakhs to ₹30.0 Lakhs per year
7 years	₹19.0 Lakhs to ₹30.0 Lakhs per year
8 years	₹21.5 Lakhs to ₹30.0 Lakhs per year

and so on.

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HDFC Life Chief Manager Salaries in Mumbai

HDFC Life Chief Manager salary in Mumbai ranges between ₹14 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 163 HDFC Life latest salaries received from various employees of HDFC Life.