HDFC Life Mumbai Executive Salaries by 10+ Employees (Updated 2025)

0 - 4 years exp.

₹2.7 Lakhs - ₹5 Lakhs

Avg. annual salary

Monthly In-hand Salary

8% less than the average Executive Salary in Insurance Companies for 0 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Executive Salary 0 - 4 years exp. (5 salaries)	₹3.6 L/yr - ₹4.9 L/yr
Customer Success, Service & Operations Executive Salary 0 - 3 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4 L/yr
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Human Resources Executive Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹4.6 L/yr
Marketing & Communication Executive Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.8 L/yr

Last Updated: 3 Feb 2025

Companies similar to HDFC Life for Executive in Mumbai

HDFC Life Executive Salary

0 - 4 years exp. (15 salaries)

₹2.7 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Executive Salary 2 - 11 years exp. (62 salaries)	₹2.3 L/yr - ₹6.5 L/yr 11% more	1 job opening
SBI General Insurance Executive Salary 0 - 9 years exp. (61 salaries)	₹2 L/yr - ₹4.2 L/yr 23% less
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HDFC Ergo General Insurance Executive Salary 2 - 7 years exp. (36 salaries)	₹1.9 L/yr - ₹6.5 L/yr 13% less
ICICI Prudential Life Insurance Executive Salary 1 - 8 years exp. (29 salaries)	₹1.2 L/yr - ₹3.1 L/yr 43% less
ICICI Lombard General Insurance Company Executive Salary 1 - 6 years exp. (19 salaries)	₹1.8 L/yr - ₹6 L/yr 25% less
Reliance Nippon Life Insurance Executive Salary 1 - 7 years exp. (14 salaries)	₹1.5 L/yr - ₹4.2 L/yr 32% less
Aditya Birla Sun Life Insurance Executive Salary 0 - 6 years exp. (14 salaries)	₹1.8 L/yr - ₹3.2 L/yr 38% less
Kotak Mahindara Life Insurance Executive Salary 1 - 5 years exp. (14 salaries)	₹1 L/yr - ₹4.4 L/yr 28% less
PNB MetLife Executive Salary 0 - 6 years exp. (13 salaries)	₹2 L/yr - ₹3.2 L/yr 38% less
Star Health & Allied Insurance Executive Salary 1 - 6 years exp. (9 salaries)	₹2.2 L/yr - ₹4.6 L/yr 28% less
Bajaj Allianz Life Insurance Executive Salary 1 - 6 years exp. (7 salaries)	₹3.3 L/yr - ₹4.6 L/yr 12% less
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SBI Life Insurance Company Executive Salary 2 - 11 years exp. (4 salaries)	₹3 L/yr - ₹3.8 L/yr 18% less

Executive salary at HDFC Life ranges between ₹2.7 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 15 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Executive salaries in Mumbai

Last Updated: 3 Feb 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹3.6 L/yr - ₹4.9 L/yr
1 year (4 salaries)	₹3.4 L/yr - ₹5 L/yr
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2 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 L/yr
3 years (5 salaries)	₹2.7 L/yr - ₹4.8 L/yr
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr

Similar Designation salaries in HDFC Life

Deputy Manager Salary

(425 salaries)

₹3.5 L/yr - ₹13 L/yr

Top skills at HDFC Life for Executive

Coding Project Management Postgres MongoDB Leadership Skills

Salary related reviews for HDFC Life

4.0

Rated by 2 employees for salary & benefits

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 19 Aug 2023

1.0

for Salary and Benefits

Likes

Flexibility of work from home.

Job security - Good

Dislikes

...nt is not supportive and the way they communicate with lower levels is terrible. Salary structure is horrible and shift hours are expected for 12 to 14 hrs a day

Salary - Bad

+5 more

Deputy Manager in Lower Parel, Mumbai

Full Time

Information Technology Department

4.0

• posted on 30 Dec 2022

3.0

for Salary and Benefits

Likes

Too much pressure, however bigger companies have huge responsibility and always be at top to maintain the market standards and rank

Skill development - Excellent

+1 more

Dislikes

No promotion even after getting good appraisals. Salary can be improvised

Promotions - Poor

+1 more

Deputy Manager in Bangalore / Bengaluru

Non sales Department

4.0

• posted on 08 Nov 2018

3.0

for Salary and Benefits

Likes

I have lucky enough to have good bosses for having a good work life balance, with 4yrs old kid, this is main thing which is helping me move on being a non sales staff

Work satisfaction - Excellent

+1 more

Dislikes

Still people resign because of bosses at sales team majorly not because of company or salary,

Skill development - Bad

+2 more

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.

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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HDFC Life Executive Salary FAQs

What is the salary of Executive at HDFC Life in Mumbai?

The average salary of a Executive at HDFC Life in Mumbai typically ranges from ₹2.7 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Executive in Mumbai at HDFC Life earn more than ₹4.9 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Executive 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 10+ HDFC Life employees in India.

What is the estimated take home salary of a Executive at HDFC Life in Mumbai?

The estimated take-home salary of a Executive at HDFC Life in Mumbai typically ranges from ₹31,124 to ₹32,421 per month. This is based on the average salary range of ₹2.7 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 4 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 10+ 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 Executive at HDFC Life in Mumbai?

To be a Executive at HDFC Life in Mumbai, the key skills required include:

- Coding
- Project Management
- Postgres
- MongoDB
- Leadership Skills

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 Executive in India?

Tata AIA Life Insurance

₹2.3 Lakhs to ₹6.5 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 Executive in companies similar to HDFC Life in Mumbai?

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

Bajaj Allianz Life Insurance	₹3.3 Lakhs to ₹4.6 Lakhs per year
HDFC Ergo General Insurance	₹1.9 Lakhs to ₹6.5 Lakhs per year
SBI Life Insurance Company	₹3.0 Lakhs to ₹3.8 Lakhs per year
SBI General Insurance	₹2.0 Lakhs to ₹4.2 Lakhs per year
ICICI Lombard General Insurance Company	₹1.8 Lakhs to ₹6.0 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 Executive at HDFC Life in Mumbai?

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

Experience	Average Salary Range
Fresher	₹3.6 Lakhs to ₹4.9 Lakhs per year
1 year	₹3.4 Lakhs to ₹5.0 Lakhs per year
2 years	₹3.9 Lakhs to ₹4.9 Lakhs per year
3 years	₹2.7 Lakhs to ₹4.8 Lakhs per year

and so on.

Tell us how to improve this page.

HDFC Life Executive salary in Mumbai ranges between ₹2.7 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 HDFC Life latest salaries received from various employees of HDFC Life.