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HDFC Life

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4.0

based on 8.6k Reviews

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HDFC Life Department Manager salaries in India

Annual salary range
1 - 4 years exp.
₹7.5 Lakhs - ₹17 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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139% more than the average Department Manager Salary in Insurance Companies for 1 - 4 years of experience

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Last Updated: 19 Oct 2024

Companies similar to HDFC Life for Department Manager

Company name Avg Annual Salary Open Jobs
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ICICI Prudential Life Insurance Department Manager Salary

0 - 12 years exp. (4 salaries)
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₹4.5 L/yr - ₹8.7 L/yr

arrow icon 51% less
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SBI Life Insurance Company Department Manager Salary

0 - 10 years exp. (7 salaries)
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₹2.5 L/yr - ₹4.3 L/yr

arrow icon 73% less
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Max Life Insurance Department Manager Salary

5 years exp. (3 salaries)
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₹4.1 L/yr - ₹5.5 L/yr

arrow icon 62% less
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ICICI Lombard General Insurance Company Department Manager Salary

1 - 5 years exp. (4 salaries)
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₹6 L/yr - ₹15 L/yr

arrow icon 30% less
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HDFC Ergo General Insurance Department Manager Salary

1 - 7 years exp. (4 salaries)
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₹7 L/yr - ₹14.8 L/yr

arrow icon 7% less
Department Manager salary at HDFC Life ranges between ₹7.5 Lakhs to ₹17 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Department Manager

2mo ago
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2 years exp.
1y ago
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3 years exp.
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4 years exp.

Experience wise HDFC Life Department Manager salaries

Last Updated: 19 Oct 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹6.2 L/yr - ₹17 L/yr
2 years (AmbitionBox Estimate)

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₹13 L/yr - ₹24 L/yr
3 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹20.1 L/yr
4 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹11.6 L/yr

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₹1.35 L/yr - ₹4.38 L/yr
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(AmbitionBox Estimate)
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₹1.6 L/yr - ₹2.1 L/yr
Data Entry Operator Salary
(3 salaries)
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₹1.15 L/yr - ₹1.8 L/yr
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(4 salaries)
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₹1.1 L/yr - ₹1.64 L/yr

Salary related reviews for HDFC Life

3.7

Rated by 3 employees for salary & benefits

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".

read more

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.

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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

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Deputy Manager in Mumbai

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 19 Aug 2023
1.0
 for  Salary and Benefits

Likes

Flexibility of work from home.

Dislikes

...nt is not supportive and the way they communicate with lower levels is terrible. Salary structure is horrible and shift hours are expected for 12 to 14 hrs a day

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Deputy Manager in Mumbai

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 07 Aug 2023
2.0
 for  Salary and Benefits

Dislikes

... Saturday and Sunday off as they have mentioned holiday at the time of joining. Also I feel there is discrimination in salary increament policy and working time among employees.

read more

Sales Manager in Mumbai

BFSI, Investments & Trading Department

4.0
  •  posted on 14 Jul 2021
2.0
 for  Salary and Benefits

Likes

Hdfc life is a good company and listed company all senior's are very supportive.

Dislikes

Hdfc life has very slow career growth even salary and incentives are very less compare to other competitors company in banca channel and company give you extra target as compared to your competitors.

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Salary Expectations
I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?
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HDFC Life Department Manager Salary FAQs

What is the salary of Department Manager at HDFC Life?
Department Manager salary at HDFC Life in India ranges between ₹7.5 Lakhs to ₹17.0 Lakhs for experience between 1 years to 4 years. According to our estimates it is 139% more than the average Department Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life India.
How does the salary of a Department Manager at HDFC Life India compare with the average salary range for this job?
The average salary of a Department Manager at HDFC Life is 139% more than the average salary of a Department Manager in India. To know exact salary insights, login to view.
What is the salary of a Department Manager in companies similar to HDFC Life in India?
  • HDFC Ergo General Insurance Department Manager Salary - ₹7.0 Lakhs to ₹14.8 Lakhs per year
  • ICICI Lombard General Insurance Company Department Manager Salary - ₹6.0 Lakhs to ₹15.0 Lakhs per year
  • ICICI Prudential Life Insurance Department Manager Salary - ₹4.5 Lakhs to ₹8.7 Lakhs per year
  • Max Life Insurance Department Manager Salary - ₹4.1 Lakhs to ₹5.5 Lakhs per year
  • SBI Life Insurance Company Department Manager Salary - ₹2.5 Lakhs to ₹4.3 Lakhs per year
What is the estimated take home salary of a Department Manager at HDFC Life in India?
The estimated take-home salary of a Department Manager at HDFC Life ranges between ₹87,144 per month to ₹89,428 per month in India. The take-home salary calculation is based on the average HDFC Life Department Manager salary in India which ranges between ₹7.5 Lakhs to ₹17.0 Lakhs per year for employees with experience between 1 years to 4 years. Check how did we calculate take home salary?

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HDFC Life Department Manager salary in India ranges between ₹7.5 Lakhs to ₹17 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 HDFC Life latest salaries received from various employees of HDFC Life.