HDFC Life Development Manager Salaries by 20+ Employees (Updated 2025)

0 - 6 years exp.

₹2.6 Lakhs - ₹4.3 Lakhs

Salary of majority employees

73% less than the average Development Manager Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

Sales & Business Development Development Manager Salary 0 - 6 years exp. (9 salaries)	₹2.7 L/yr - ₹4 L/yr
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BFSI, Investments & Trading Development Manager Salary 0 - 6 years exp. (6 salaries)	₹2.6 L/yr - ₹4.3 L/yr

Last Updated: 20 Mar 2025

Companies similar to HDFC Life for Development Manager

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Development Manager Salary 0 - 12 years exp. (343 salaries)	₹1.8 L/yr - ₹4.8 L/yr 9% less	2 job openings
ICICI Prudential Life Insurance Development Manager Salary 1 - 10 years exp. (130 salaries)	₹2.2 L/yr - ₹4.6 L/yr 10% more
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ICICI Lombard General Insurance Company Development Manager Salary 0 - 6 years exp. (66 salaries)	₹2.8 L/yr - ₹4.3 L/yr 7% less
Kotak Mahindara Life Insurance Development Manager Salary 0 - 9 years exp. (55 salaries)	₹3.2 L/yr - ₹4.7 L/yr 14% more
Axis Max Life Insurance Development Manager Salary 0 - 12 years exp. (42 salaries)	₹2.7 L/yr - ₹5.1 L/yr 6% more
HDFC Ergo General Insurance Development Manager Salary 4 - 12 years exp. (12 salaries)	₹5 L/yr - ₹6.7 L/yr 61% more
Reliance Nippon Life Insurance Development Manager Salary 1 - 6 years exp. (9 salaries)	₹1.9 L/yr - ₹4.1 L/yr 21% less	2 job openings
Tata AIA Life Insurance Development Manager Salary 6 - 30 years exp. (4 salaries)	₹4.5 L/yr - ₹17 L/yr 162% more
Shriram Life Insurance Development Manager Salary 14 - 21 years exp. (4 salaries)	₹3.7 L/yr - ₹4 L/yr 4% more
SBI General Insurance Development Manager Salary 1 - 7 years exp. (4 salaries)	₹1 L/yr - ₹4.5 L/yr 14% less
Life Insurance Corporation of India Development Manager Salary 1 - 12 years exp. (4 salaries)	₹2.4 L/yr - ₹8 L/yr 52% more
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Star Health & Allied Insurance Development Manager Salary 0 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹7 L/yr 12% more
Bajaj Allianz Life Insurance Development Manager Salary 0 - 7 years exp. (3 salaries)	₹3.5 L/yr - ₹4.5 L/yr 13% more

Development Manager salary at HDFC Life ranges between ₹2.6 Lakhs to ₹4.3 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 20 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Development Manager salaries

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹2.7 L/yr - ₹6.1 L/yr
1 year (3 salaries)	₹2.8 L/yr - ₹6.2 L/yr
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2 years (3 salaries)	₹3 L/yr - ₹4 L/yr
3 years (4 salaries)	₹3 L/yr - ₹4.3 L/yr
4 years (4 salaries)	₹3 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
6 years (3 salaries)	₹2.6 L/yr - ₹4.3 L/yr

View all

Similar Designation salaries in HDFC Life

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(AmbitionBox Estimate)

₹21.4 L/yr - ₹27.4 L/yr

Project Manager Salary

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Product Manager Salary

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₹7.5 L/yr - ₹20 L/yr

Software Development Manager Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

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₹12 L/yr - ₹25 L/yr

Technical Manager Salary

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Senior Project Manager Salary

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Scrum Master Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Technical Project Manager Salary

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₹5 L/yr - ₹6.4 L/yr

Senior Technical Manager Salary

(AmbitionBox Estimate)

₹19.8 L/yr - ₹25.3 L/yr

Top skills at HDFC Life for Development Manager

banca sales Finance Management Life Insurance Channel Sales

Salary related reviews for HDFC Life

4.7

Rated by 6 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

Corporate Agency Manager in Karnal

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 13 Mar 2025

3.0

for Salary and Benefits

Likes

Job security is the thing which i can say is good. Working culture is somewhat good.

Skill development - Good

+3 more

Dislikes

Salary hike is not so good like 4 to 5 percent annually only. There is no skill development options, you have to go in the morning and come back at the evening and this happens daily nothing new.

Sr.CAM in New Delhi

Full Time

Other Department

5.0

• posted on 02 Mar 2025

5.0

for Salary and Benefits

Likes

HDFC Life is known for its supportive work culture, career growth opportunities, competitive pay, job security, and decent work-life balance.

Salary - Excellent

+6 more

Dislikes

The login process should be more seamless to ensure minimal disruption for customers, providing a smoother and more efficient experience.

Senior Corporate Agency Manager in Tirunelveli

Full Time

Sales & Business Development Department

4.0

• posted on 28 Feb 2025

3.0

for Salary and Benefits

Likes

In HDFC Life There is time to work life balance. There is no more such pressure about Targets (Depends upon L1 Manager). The brand value is easy to convert among competitors.

Job security - Excellent

+3 more

Dislikes

Salary is very low which is mentioned in payslip. Even HR also didn't know about employees salary. HR department is very week and they didn't care about employees. Very worst department in HDFC LIFE.

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

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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HDFC Life Development Manager Salary FAQs

What is the salary of Development Manager at HDFC Life ?

The average salary of a Development Manager at HDFC Life in India typically ranges from ₹2.6 Lakhs to ₹4.3 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Development Manager at HDFC Life earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.3 Lakhs per year. Development Manager 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 20+ HDFC Life employees in India.

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

The estimated take-home salary of a Development Manager at HDFC Life in India typically ranges from ₹25,882 to ₹27,308 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹4.3 Lakhs per year for employees with experience ranging from Fresher to 6 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 20+ salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Development Manager at HDFC Life ?

To be a Development Manager at HDFC Life in india, the key skills required include:

- banca sales
- Finance
- Management
- Life Insurance
- Channel Sales

These skills are highly valued at HDFC Life and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than HDFC Life for Development Manager in India?

Tata AIA Life Insurance	₹4.5 Lakhs to ₹17.0 Lakhs per year
HDFC Ergo General Insurance	₹5.0 Lakhs to ₹6.7 Lakhs per year
Life Insurance Corporation of India	₹2.4 Lakhs to ₹8.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.2 Lakhs to ₹4.7 Lakhs per year
Bajaj Allianz Life Insurance	₹3.5 Lakhs to ₹4.5 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 Development Manager in companies similar to HDFC Life in India?

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

Star Health & Allied Insurance	₹1.8 Lakhs to ₹7.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.2 Lakhs to ₹4.6 Lakhs per year
Axis Max Life Insurance	₹2.7 Lakhs to ₹5.1 Lakhs per year
Shriram Life Insurance	₹3.7 Lakhs to ₹4.0 Lakhs per year
ICICI Lombard General Insurance Company	₹2.8 Lakhs to ₹4.3 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 Development Manager at HDFC Life in India?

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

Experience	Average Salary Range
Fresher	₹2.7 Lakhs to ₹6.1 Lakhs per year
1 year	₹2.8 Lakhs to ₹6.2 Lakhs per year
2 years	₹3.0 Lakhs to ₹4.0 Lakhs per year
3 years	₹3.0 Lakhs to ₹4.3 Lakhs per year

and so on.

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HDFC Life Development Manager Salaries

HDFC Life Development Manager salary in India ranges between ₹2.6 Lakhs to ₹4.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 HDFC Life latest salaries received from various employees of HDFC Life.