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HDFC Life Deputy Manager Band 1 salaries in India

Annual salary range
6 - 11 years exp.
₹5.8 Lakhs - ₹8.3 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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29% 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)
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₹7.5 L/yr - ₹8.3 L/yr

Customer Success, Service & Operations
Deputy Manager Band 1 Salary
6 years exp. (AmbitionBox Estimate)
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₹5.5 L/yr - ₹6.8 L/yr

Finance & Accounting
Deputy Manager Band 1 Salary
7 years exp. (AmbitionBox Estimate)
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₹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
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₹4.8 L/yr - ₹7.5 L/yr

arrow icon 11% less
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₹4.3 L/yr - ₹5.1 L/yr

arrow icon 32% less
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₹5 L/yr - ₹5.5 L/yr

arrow icon 26% less
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ICICI Bank Deputy Manager Band 1 Salary

0 - 10 years exp. (1.1k salaries)

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₹3 L/yr - ₹6.6 L/yr

arrow icon 24% less
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HDFC Bank Deputy Manager Band 1 Salary

1 - 10 years exp. (80 salaries)

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₹3.5 L/yr - ₹6.8 L/yr

arrow icon 24% 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.

Latest annual salaries shared by HDFC Life Deputy Manager Band 1

9mo ago
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7 years exp.
11mo ago
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9 years exp.
1y ago
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11 years exp.
1y ago
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6 years exp.
1y ago
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9 years exp.

Experience wise HDFC Life Deputy Manager Band 1 salaries

Last Updated: 9 Apr 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹5.8 L/yr - ₹7.4 L/yr
7 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.7 L/yr
8 years (AmbitionBox Estimate)

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₹6.3 L/yr - ₹8 L/yr
9 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹8.3 L/yr
10 years (AmbitionBox Estimate)

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₹6.8 L/yr - ₹8.6 L/yr
View all

Similar Designation salaries in HDFC Life

Deputy Manager Salary
(698 salaries)
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₹3.5 L/yr - ₹12.15 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹25.2 L/yr - ₹32.2 L/yr
Branch Manager Salary
(259 salaries)
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₹5.25 L/yr - ₹12.5 L/yr
Sales Manager Salary
(697 salaries)
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₹1.1 L/yr - ₹7.5 L/yr
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₹1.45 L/yr - ₹10.43 L/yr
Team Lead Salary
(58 salaries)
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₹1.35 L/yr - ₹8.5 L/yr
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₹1.7 L/yr - ₹5 L/yr
Quality Analyst Salary
(AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.5 L/yr
Service Engineer Salary
(AmbitionBox Estimate)
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₹14.4 L/yr - ₹18.4 L/yr
Senior Analyst Salary
(6 salaries)
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₹3.5 L/yr - ₹4.6 L/yr

Salary related reviews for HDFC Life

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.

read more
  • 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.

read more
  • Salary - Poor

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.

read more
  • 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.

read more
  • Salary - Bad
  • +4 more

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.

read more
  • 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.

read more
  • Promotions - Poor

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.

read more
  • Salary - Bad
  • +6 more

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.

read more
  • Work satisfaction - Bad
  • +2 more
see more salary related reviews

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HDFC Life Deputy Manager Band 1 Salary FAQs

What is the salary of Deputy Manager Band 1 at HDFC Life ?
The average salary of a Deputy Manager Band 1 at HDFC Life in India typically ranges from ₹5.8 Lakhs to ₹8.3 Lakhs per year, depending on experience (from 6 years to 11 years).

The top 10% of Deputy Manager Band 1 at HDFC Life earn more than ₹8.3 Lakhs per year, and the top 1% earn over ₹8.3 Lakhs per year. Deputy Manager Band 1 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 5 HDFC Life employees in India.
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 in India typically ranges from ₹53,063 to ₹54,384 per month. This is based on the average salary range of ₹5.8 Lakhs to ₹8.3 Lakhs per year for employees with experience ranging from 6 years to 11 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 5 salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Deputy Manager Band 1 in companies similar to HDFC Life in India?
The salary of a Deputy Manager Band 1 at companies similar to HDFC Life in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Ergo General Insurance ₹4.8 Lakhs to ₹7.5 Lakhs per year
HDFC Bank ₹3.5 Lakhs to ₹6.8 Lakhs per year
ICICI Bank ₹3.0 Lakhs to ₹6.6 Lakhs per year
SBI General Insurance ₹5.0 Lakhs to ₹5.5 Lakhs per year
Axis Max Life Insurance ₹4.3 Lakhs to ₹5.1 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 Deputy Manager Band 1 at HDFC Life in India?
The salary growth for a Deputy Manager Band 1 at HDFC Life depends on factors such as experience, performance, and promotions. On average, a Deputy Manager Band 1 can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
6 years ₹5.8 Lakhs to ₹7.4 Lakhs per year
7 years ₹6.0 Lakhs to ₹7.7 Lakhs per year
8 years ₹6.3 Lakhs to ₹8.0 Lakhs per year
9 years ₹6.5 Lakhs to ₹8.3 Lakhs per year
and so on.

Tell us how to improve this page.

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