HDFC Life Deputy Manager Grade 2 Salaries by 8 Employees (Updated 2024)

8 - 14 years exp.

₹5.2 Lakhs - ₹7.3 Lakhs

Low Confidence

Salary of majority employees

5% less than the average Deputy Manager Grade 2 Salary in Insurance Companies for 8 - 14 years of experience

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Salaries in different departments

Customer Success, Service & Operations Deputy Manager Grade 2 Salary 9 - 14 years exp. (4 salaries)	₹6.1 L/yr - ₹7.3 L/yr
Finance & Accounting Deputy Manager Grade 2 Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
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Administration & Facilities Deputy Manager Grade 2 Salary 9 - 11 years exp. (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.1 L/yr

Last Updated: 28 Nov 2024

Companies similar to HDFC Life for Deputy Manager Grade 2

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Deputy Manager Grade 2 Salary 0 - 8 years exp. (39 salaries)	₹2.1 L/yr - ₹4.4 L/yr 48% less
Bajaj Allianz Life Insurance Deputy Manager Grade 2 Salary 7 - 16 years exp. (4 salaries)	₹6.3 L/yr - ₹10 L/yr 26% more
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HDFC Ergo General Insurance Deputy Manager Grade 2 Salary 2 - 12 years exp. (35 salaries)	₹4.5 L/yr - ₹8.3 L/yr 13% less
ICICI Lombard General Insurance Company Deputy Manager Grade 2 Salary 7 - 10 years exp. (3 salaries)	₹4 L/yr - ₹6.5 L/yr 15% less
Kotak Mahindra General Insurance Deputy Manager Grade 2 Salary 9 - 11 years exp. (3 salaries)	₹5.5 L/yr - ₹7.1 L/yr 10% less

Deputy Manager Grade 2 salary at HDFC Life ranges between ₹5.2 Lakhs to ₹7.3 Lakhs per year for employees with experience between 8 years to 14 years. Salary estimates are based on 8 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Deputy Manager Grade 2 salaries

Last Updated: 28 Nov 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹10.3 L/yr
9 years (3 salaries)	₹5.2 L/yr - ₹6.2 L/yr
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10 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.8 L/yr
11 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.2 L/yr
12 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹7 L/yr
13 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹7.3 L/yr
14 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.5 L/yr

View all

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Salary related reviews for HDFC Life

3.0

Rated by 1 employees for salary & benefits

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.

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.

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.

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".

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.

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

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.

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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HDFC Life Deputy Manager Grade 2 Salary FAQs

What is the salary of Deputy Manager Grade 2 at HDFC Life?

Deputy Manager Grade 2 salary at HDFC Life in India ranges between ₹5.2 Lakhs to ₹7.3 Lakhs for experience between 8 years to 14 years. According to our estimates it is 5% less than the average Deputy Manager Grade 2 Salary in India. Salary estimates are based on 8 latest salaries received from various employees of HDFC Life India.

How does the salary of a Deputy Manager Grade 2 at HDFC Life India compare with the average salary range for this job?

The average salary of a Deputy Manager Grade 2 at HDFC Life is 5% less than the average salary of a Deputy Manager Grade 2 in India. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Life to a Deputy Manager Grade 2 in India?

Bajaj Allianz Life Insurance Deputy Manager Grade 2 Salary - ₹6.3 Lakhs to ₹10.0 Lakhs per year

What is the salary of a Deputy Manager Grade 2 in companies similar to HDFC Life in India?

Kotak Mahindra General Insurance Deputy Manager Grade 2 Salary - ₹5.5 Lakhs to ₹7.1 Lakhs per year
HDFC Ergo General Insurance Deputy Manager Grade 2 Salary - ₹4.5 Lakhs to ₹8.3 Lakhs per year
ICICI Lombard General Insurance Company Deputy Manager Grade 2 Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year
Kotak Mahindara Life Insurance Deputy Manager Grade 2 Salary - ₹2.1 Lakhs to ₹4.4 Lakhs per year

What is the estimated take home salary of a Deputy Manager Grade 2 at HDFC Life in India?

The estimated take-home salary of a Deputy Manager Grade 2 at HDFC Life ranges between ₹49,178 per month to ₹50,340 per month in India. The take-home salary calculation is based on the average HDFC Life Deputy Manager Grade 2 salary in India which ranges between ₹5.2 Lakhs to ₹7.3 Lakhs per year for employees with experience between 8 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager Grade 2 at HDFC Life?

According to AmbitionBox, 40% of the HDFC Life Deputy Manager Grade 2s reported a notice period of 3 Months, 30% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

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HDFC Life Deputy Manager Grade 2 Salaries

HDFC Life Deputy Manager Grade 2 salary in India ranges between ₹5.2 Lakhs to ₹7.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 HDFC Life latest salaries received from various employees of HDFC Life.