HDFC Life Deputy Manager Band 1 Salaries by 5 Employees (Updated 2025)

6 - 11 years exp.

₹5.8 Lakhs - ₹8.3 Lakhs

Low Confidence

Salary of majority employees

30% more than the average Deputy Manager Band 1 Salary in Insurance Companies for 6 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager Band 1 Salary 9 - 11 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹8.3 L/yr
Customer Success, Service & Operations Deputy Manager Band 1 Salary 6 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹6.8 L/yr
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Finance & Accounting Deputy Manager Band 1 Salary 7 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.4 L/yr

Last Updated: 9 Apr 2024

Companies similar to HDFC Life for Deputy Manager Band 1

Company name	Avg Annual Salary	Open Jobs
Max Life Insurance Deputy Manager Band 1 Salary 5 - 8 years exp. (5 salaries)	₹4.3 L/yr - ₹5.1 L/yr 32% less
HDFC Ergo General Insurance Deputy Manager Band 1 Salary 3 - 13 years exp. (12 salaries)	₹4.8 L/yr - ₹7.5 L/yr 11% less
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ICICI Bank Deputy Manager Band 1 Salary 0 - 10 years exp. (1.2k salaries)	₹3 L/yr - ₹6.5 L/yr 24% less
HDFC Bank Deputy Manager Band 1 Salary 1 - 11 years exp. (85 salaries)	₹3.5 L/yr - ₹6.8 L/yr 23% less
Tata AIG Deputy Manager Band 1 Salary 2 - 8 years exp. (50 salaries)	₹2.5 L/yr - ₹4.7 L/yr 48% less

Deputy Manager Band 1 salary at HDFC Life ranges between ₹5.8 Lakhs to ₹8.3 Lakhs per year for employees with experience between 6 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Deputy Manager Band 1 salaries

Last Updated: 9 Apr 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹11.5 L/yr
7 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7.6 L/yr
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8 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
9 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.5 L/yr
10 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
11 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹8.3 L/yr

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Salary related reviews for HDFC Life

Senior Associate in Machilipatnam

Full Time

Other Department

4.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

Skill development - Excellent

+2 more

Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

Promotions - Poor

Senior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

Salary - Bad

+6 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

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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HDFC Life Deputy Manager Band 1 Salary FAQs

What is the salary of Deputy Manager Band 1 at HDFC Life?

Deputy Manager Band 1 salary at HDFC Life in India ranges between ₹5.8 Lakhs to ₹8.3 Lakhs for experience between 6 years to 11 years. According to our estimates it is 30% more than the average Deputy Manager Band 1 Salary in India. Salary estimates are based on 5 latest salaries received from various employees of HDFC Life India.

How does the salary of a Deputy Manager Band 1 at HDFC Life India compare with the average salary range for this job?

The average salary of a Deputy Manager Band 1 at HDFC Life is 30% more than the average salary of a Deputy Manager Band 1 in India. To know exact salary insights, login to view.

What is the salary of a Deputy Manager Band 1 in companies similar to HDFC Life in India?

HDFC Ergo General Insurance Deputy Manager Band 1 Salary - ₹4.8 Lakhs to ₹7.5 Lakhs per year
HDFC Bank Deputy Manager Band 1 Salary - ₹3.5 Lakhs to ₹6.8 Lakhs per year
ICICI Bank Deputy Manager Band 1 Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year
Max Life Insurance Deputy Manager Band 1 Salary - ₹4.3 Lakhs to ₹5.1 Lakhs per year
Tata AIG Deputy Manager Band 1 Salary - ₹2.5 Lakhs to ₹4.7 Lakhs per year

What is the estimated take home salary of a Deputy Manager Band 1 at HDFC Life in India?

The estimated take-home salary of a Deputy Manager Band 1 at HDFC Life ranges between ₹53,063 per month to ₹54,384 per month in India. The take-home salary calculation is based on the average HDFC Life Deputy Manager Band 1 salary in India which ranges between ₹5.8 Lakhs to ₹8.3 Lakhs per year for employees with experience between 6 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager Band 1 at HDFC Life?

According to AmbitionBox, 71% of the HDFC Life Deputy Manager Band 1s reported a notice period of 3 Months, 15% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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HDFC Life Deputy Manager Band 1 Salaries by Location

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HDFC Life Deputy Manager Band 1 Salaries

HDFC Life Deputy Manager Band 1 salary in India ranges between ₹5.8 Lakhs to ₹8.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 HDFC Life latest salaries received from various employees of HDFC Life.