HDFC Life Mumbai Cluster Head Salaries by 4 Employees (Updated 2025)

11 - 16 years exp.

₹11 Lakhs - ₹14 Lakhs

Avg. annual salary

Monthly In-hand Salary

28% less than the average Cluster Head Salary in Insurance Companies for 11 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Head Salary 11 - 16 years exp. (AmbitionBox Estimate)	₹11.2 L/yr - ₹14 L/yr
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Sales & Business Development Cluster Head Salary 15 - 16 years exp. (AmbitionBox Estimate)	₹11 L/yr - ₹11.7 L/yr

Last Updated: 15 Mar 2025

Companies similar to HDFC Life for Cluster Head in Mumbai

HDFC Life Cluster Head Salary

11 - 16 years exp. (4 salaries)

₹11 L/yr - ₹14 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Cluster Head Salary 13 - 16 years exp. (4 salaries)	₹10.5 L/yr - ₹16.9 L/yr 11% more
Axis Max Life Insurance Cluster Head Salary 6 - 16 years exp. (3 salaries)	₹7 L/yr - ₹12.8 L/yr 14% less	1 job opening
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Yes Bank Cluster Head Salary 13 - 23 years exp. (24 salaries)	₹16.8 L/yr - ₹47 L/yr 175% more	1 job opening
YES SECURITIES Cluster Head Salary 6 - 15 years exp. (19 salaries)	₹5.6 L/yr - ₹13 L/yr 17% less
HDFC Bank Cluster Head Salary 10 - 21 years exp. (17 salaries)	₹9.6 L/yr - ₹29.2 L/yr 102% more

Cluster Head salary at HDFC Life ranges between ₹11 Lakhs to ₹14 Lakhs per year for employees with experience between 11 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Cluster Head salaries in Mumbai

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.1 L/yr
12 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹13.2 L/yr
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13 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.4 L/yr
14 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹13.5 L/yr
15+ years (3 salaries)	₹11 L/yr - ₹14 L/yr

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₹2.4 L/yr - ₹3 L/yr

Salary related reviews for HDFC Life

4.0

Rated by 1 employees for salary & benefits

Sales Manager in Cuttack

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.

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.

Salary - Poor

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

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

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?

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HDFC Life Cluster Head Salary FAQs

What is the salary of Cluster Head at HDFC Life in Mumbai?

The average salary of a Cluster Head at HDFC Life in Mumbai typically ranges from ₹11.0 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 11 years to 16 years).

The top 10% of Cluster Head in Mumbai at HDFC Life earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Cluster Head 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 4 HDFC Life employees in India.

What is the estimated take home salary of a Cluster Head at HDFC Life in Mumbai?

The estimated take-home salary of a Cluster Head at HDFC Life in Mumbai typically ranges from ₹81,280 to ₹83,399 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 11 years to 16 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 4 salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDFC Life for Cluster Head in India?

Yes Bank	₹16.8 Lakhs to ₹47.0 Lakhs per year
HDFC Bank	₹9.6 Lakhs to ₹29.2 Lakhs per year
Kotak Mahindara Life Insurance	₹10.5 Lakhs to ₹16.9 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 Cluster Head in companies similar to HDFC Life in Mumbai?

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

Axis Max Life Insurance	₹7.0 Lakhs to ₹12.8 Lakhs per year
YES SECURITIES	₹5.6 Lakhs to ₹13.0 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 Cluster Head at HDFC Life in Mumbai?

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

Experience	Average Salary Range
11 years	₹10.3 Lakhs to ₹13.1 Lakhs per year
12 years	₹10.4 Lakhs to ₹13.2 Lakhs per year
13 years	₹10.5 Lakhs to ₹13.4 Lakhs per year
14 years	₹10.5 Lakhs to ₹13.5 Lakhs per year

and so on.

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HDFC Life Cluster Head Salaries in Mumbai

HDFC Life Cluster Head salary in Mumbai ranges between ₹11 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDFC Life latest salaries received from various employees of HDFC Life.