HDFC Life Development Manager Salaries by 10+ Employees (Updated 2025)

1 - 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 1 - 6 years of experience

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Salaries in different departments

Sales & Business Development Development Manager Salary 1 - 6 years exp. (6 salaries)	₹3 L/yr - ₹4 L/yr
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BFSI, Investments & Trading Development Manager Salary 3 - 6 years exp. (5 salaries)	₹2.6 L/yr - ₹4.3 L/yr

Last Updated: 29 Dec 2024

Companies similar to HDFC Life for Development Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Development Manager Salary 0 - 10 years exp. (131 salaries)	₹2.2 L/yr - ₹4.6 L/yr 7% more
SBI Life Insurance Company Development Manager Salary 0 - 12 years exp. (331 salaries)	₹1.8 L/yr - ₹4.7 L/yr 8% less	1 job opening
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Max Life Insurance Development Manager Salary 0 - 12 years exp. (39 salaries)	₹2.7 L/yr - ₹5.1 L/yr 5% more
Kotak Mahindara Life Insurance Development Manager Salary 0 - 9 years exp. (53 salaries)	₹3.3 L/yr - ₹5 L/yr 17% more
Bajaj Allianz Life Insurance Development Manager Salary 0 - 5 years exp. (3 salaries)	₹4 L/yr - ₹5 L/yr 27% more
Reliance Nippon Life Insurance Development Manager Salary 1 - 6 years exp. (9 salaries)	₹1.9 L/yr - ₹4.1 L/yr 21% less
Tata AIA Life Insurance Development Manager Salary 6 - 30 years exp. (4 salaries)	₹4.5 L/yr - ₹17 L/yr 161% more
ICICI Lombard General Insurance Company Development Manager Salary 0 - 6 years exp. (59 salaries)	₹2.8 L/yr - ₹4.3 L/yr 5% less
HDFC Ergo General Insurance Development Manager Salary 4 - 12 years exp. (12 salaries)	₹5 L/yr - ₹6.7 L/yr 60% more
Care Health Insurance Development Manager Salary 5 - 11 years exp. (5 salaries)	₹3.3 L/yr - ₹3.6 L/yr 2% less
Shriram Life Insurance Development Manager Salary 14 - 21 years exp. (4 salaries)	₹3.6 L/yr - ₹4 L/yr 3% 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

Development Manager salary at HDFC Life ranges between ₹2.6 Lakhs to ₹4.3 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 16 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Development Manager salaries

Last Updated: 29 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹6.3 L/yr
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹4 L/yr
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3 years (6 salaries)	₹2.7 L/yr - ₹4.3 L/yr
4 years (4 salaries)	₹3 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 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)

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Software Development Manager Salary

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Senior Project Manager Salary

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Technical Project Manager Salary

(AmbitionBox Estimate)

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Senior Technical Manager Salary

(AmbitionBox Estimate)

₹19.8 L/yr - ₹25.3 L/yr

Software Engineer Salary

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₹4.18 L/yr - ₹16.4 L/yr

Top skills at HDFC Life for Development Manager

banca sales Finance Management Life Insurance Channel Sales

Salary related reviews for HDFC Life

4.8

Rated by 6 employees for salary & benefits

HR Manager in Bangalore / Bengaluru

Full Time

Other Department

3.0

• posted on 07 Dec 2024

1.0

for Salary and Benefits

Likes

Nothing great to vouch for, strong in processes only for front line people. HDFC. Salary will br creditrd on time just like other big corporates

Dislikes

No work life balance and respect, tremendous pressure.. Should do work like robot. For managers rules will be bent, for front line employees they will be very rigid with rules. Double standards

Salary - Bad

+2 more

Associate in Chennai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 24 Nov 2024

1.0

for Salary and Benefits

Likes

I don't like this company

Company culture - Good

Dislikes

...meters to do that 4. We lost our work life balance 5 My BP showing High 155 6. Huge pressure less salary 7. manager telling us to give 5 start rating for the company 8. Everyone has engaged to pressuries us to do insurance 9. There is no truth about this. 10. Work life balance worst Customer telling us to withdraw policy but Manager telling us to not to do that.

Salary - Bad

+4 more

Senior Corporate Agency Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 08 Nov 2024

4.0

for Salary and Benefits

Likes

Skill development is good more knowledge we gets about product clearly

Salary - Good

+3 more

Dislikes

...nsent about the employee only they listen what our bosses say not to employees, Higher New employees giving higher designation and salary hike instade of give to our old employees

Promotions - Bad

+2 more

Senior Corporate Agency Manager in Mumbai

Full Time

Other Department

1.0

• posted on 14 Oct 2024

2.0

for Salary and Benefits

Likes

Nothing to like, people keep on absconding, due to no work life balance, irrelevant pressure.

Dislikes

...cy, rejected leaves at last moment even after informing manager 2 months before. * No job security, Manager always ask to resign in front of everyone in team meetings * Bullying regarding salary infront of colleagues, as if paying my salary from their own pocket *

Salary - Poor

+6 more

Chief Manager - HR in Mumbai

Full Time

Human Resources Department

4.0

• posted on 04 Oct 2024

4.0

for Salary and Benefits

Likes

Stable company offering secure job. Never ever delays employees salary. Very strong in latest technology adoption. Strong top level management. Learning environment.

Salary - Good

+3 more

Dislikes

No Work life balance in few departments.

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Salary Discussions, Hike & Promotions

1w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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HDFC Life Development Manager Salary FAQs

What is the salary of Development Manager at HDFC Life?

Development Manager salary at HDFC Life in India ranges between ₹2.6 Lakhs to ₹4.3 Lakhs for experience between 1 years to 6 years. According to our estimates it is 73% less than the average Development Manager Salary in India. Salary estimates are based on 16 latest salaries received from various employees of HDFC Life India.

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

The average salary of a Development Manager at HDFC Life is 73% less than the average salary of a Development Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Development Manager at HDFC Life?

banca sales, Finance, Management, Life Insurance and Channel Sales are some of the popular skills required to work as a Development Manager at HDFC Life India.

Which similar companies are paying more than HDFC Life to a Development Manager in India?

Tata AIA Life Insurance Development Manager Salary - ₹4.5 Lakhs to ₹17.0 Lakhs per year
HDFC Ergo General Insurance Development Manager Salary - ₹5.0 Lakhs to ₹6.7 Lakhs per year
Bajaj Allianz Life Insurance Development Manager Salary - ₹4.0 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindara Life Insurance Development Manager Salary - ₹3.3 Lakhs to ₹5.0 Lakhs per year
Star Health & Allied Insurance Development Manager Salary - ₹1.8 Lakhs to ₹7.0 Lakhs per year

What is the salary of a Development Manager in companies similar to HDFC Life in India?

ICICI Prudential Life Insurance Development Manager Salary - ₹2.2 Lakhs to ₹4.6 Lakhs per year
Max Life Insurance Development Manager Salary - ₹2.7 Lakhs to ₹5.1 Lakhs per year
Shriram Life Insurance Development Manager Salary - ₹3.6 Lakhs to ₹4.0 Lakhs per year
Care Health Insurance Development Manager Salary - ₹3.3 Lakhs to ₹3.6 Lakhs per year
ICICI Lombard General Insurance Company Development Manager Salary - ₹2.8 Lakhs to ₹4.3 Lakhs per year

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 ranges between ₹25,892 per month to ₹27,317 per month in India. The take-home salary calculation is based on the average HDFC Life Development Manager salary in India which ranges between ₹2.6 Lakhs to ₹4.3 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Development Manager at HDFC Life?

According to AmbitionBox, 58% of the HDFC Life Development Managers reported a notice period of 1 Month, 30% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 26 responses on AmbitionBox in last 2 years.

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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 16 HDFC Life latest salaries received from various employees of HDFC Life.