HDFC Life Finance Manager Salaries by 10+ Employees

1 - 5 years exp.

₹2.3 Lakhs - ₹4.5 Lakhs

Salary of majority employees

79% less than the average Finance Manager Salary in Insurance Companies for 1 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Finance Manager Salary 1 - 2 years exp. (5 salaries)	₹2.4 L/yr - ₹4.5 L/yr
Sales & Business Development Finance Manager Salary 2 - 4 years exp. (3 salaries)	₹2.3 L/yr - ₹4.5 L/yr
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Customer Success, Service & Operations Finance Manager Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹3.8 L/yr

Last Updated: 1 Oct 2024

Companies similar to HDFC Life for Finance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Finance Manager Salary 1 - 6 years exp. (102 salaries)	₹2.1 L/yr - ₹4.7 L/yr 1% more
Axis Max Life Insurance Finance Manager Salary 0 - 12 years exp. (12 salaries)	₹2.5 L/yr - ₹6 L/yr 22% more
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AIG Finance Manager Salary 7 - 14 years exp. (9 salaries)	₹13 L/yr - ₹21.1 L/yr 353% more
ICICI Lombard General Insurance Company Finance Manager Salary 1 - 7 years exp. (6 salaries)	₹10 L/yr - ₹10.6 L/yr 187% more
HDFC Ergo General Insurance Finance Manager Salary 8 - 18 years exp. (6 salaries)	₹9.8 L/yr - ₹15.7 L/yr 238% more
Reliance Nippon Life Insurance Finance Manager Salary 0 - 6 years exp. (5 salaries)	₹1.2 L/yr - ₹2.5 L/yr 51% less
Aditya Birla Sun Life Insurance Finance Manager Salary 2 - 9 years exp. (5 salaries)	₹3.8 L/yr - ₹10.7 L/yr 106% more
Bajaj Allianz Life Insurance Finance Manager Salary 5 - 18 years exp. (5 salaries)	₹13.5 L/yr - ₹18 L/yr 313% more
Kotak Mahindara Life Insurance Finance Manager Salary 0 - 5 years exp. (5 salaries)	₹1 L/yr - ₹4 L/yr 21% less
SBI Life Insurance Company Finance Manager Salary 10 - 15 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 185% more
Star Health & Allied Insurance Finance Manager Salary 8 - 11 years exp. (4 salaries)	₹5 L/yr - ₹14 L/yr 144% more
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Shriram Life Insurance Finance Manager Salary 1 - 6 years exp. (3 salaries)	₹2.3 L/yr - ₹5 L/yr 9% less
Life Insurance Corporation of India Finance Manager Salary 3 - 6 years exp. (3 salaries)	₹2.6 L/yr - ₹4.1 L/yr At par
PNB MetLife Finance Manager Salary 0 - 6 years exp. (3 salaries)	₹3.9 L/yr - ₹11 L/yr 127% more

Finance Manager salary at HDFC Life ranges between ₹2.3 Lakhs to ₹4.5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 12 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Finance Manager salaries

Last Updated: 1 Oct 2024

Experience	Avg Annual Salary
1 year (3 salaries)	₹2.4 L/yr - ₹4.1 L/yr
2 years (4 salaries)	₹2.3 L/yr - ₹4.5 L/yr
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3 years (3 salaries)	₹2.5 L/yr - ₹4.5 L/yr
4 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.3 L/yr

Similar Designation salaries in HDFC Life

Branch Manager Salary

(261 salaries)

₹5.25 L/yr - ₹12.5 L/yr

Sales Manager Salary

(697 salaries)

₹1.1 L/yr - ₹7.5 L/yr

Credit Manager Salary

(4 salaries)

₹4.2 L/yr - ₹9.5 L/yr

Deputy Manager Salary

(827 salaries)

₹3.5 L/yr - ₹12.25 L/yr

Area Sales Manager Salary

(41 salaries)

₹2 L/yr - ₹8 L/yr

Finance Executive Salary

(14 salaries)

₹1.6 L/yr - ₹3.5 L/yr

Business Finance Manager Salary

(AmbitionBox Estimate)

₹3.1 L/yr - ₹3.9 L/yr

Branch Sales Manager Salary

(48 salaries)

₹2.5 L/yr - ₹10.5 L/yr

Collections Manager Salary

(AmbitionBox Estimate)

₹5.8 L/yr - ₹7.4 L/yr

Branch Head Salary

(166 salaries)

₹5.45 L/yr - ₹12 L/yr

Salary related reviews for HDFC Life

4.3

Rated by 4 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

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

Skill development - Poor

+5 more

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.

Salary - Poor

+4 more

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

Relationship Manager in Kurnool

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 26 Jun 2022

4.0

for Salary and Benefits

Likes

Good work environment and culture. Area manager mamidi praveen is very bad person. Company policies are good, appraisals are fair.

Salary - Good

+1 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is abond of 1 year before which you cannot resign. Aria manager Mamidi praveen is very bad person.

Promotions - Bad

+1 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 Finance Manager Salary FAQs

What is the salary of Finance Manager at HDFC Life ?

The average salary of a Finance Manager at HDFC Life in India typically ranges from ₹2.3 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Finance Manager at HDFC Life earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Finance 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 10+ HDFC Life employees in India.

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

The estimated take-home salary of a Finance Manager at HDFC Life in India typically ranges from ₹26,232 to ₹27,653 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 1 year to 5 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.

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

AIG	₹13.0 Lakhs to ₹21.1 Lakhs per year
Bajaj Allianz Life Insurance	₹13.5 Lakhs to ₹18.0 Lakhs per year
HDFC Ergo General Insurance	₹9.8 Lakhs to ₹15.7 Lakhs per year
ICICI Lombard General Insurance Company	₹10.0 Lakhs to ₹10.6 Lakhs per year
SBI Life Insurance Company	₹8.0 Lakhs to ₹12.0 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 Finance Manager in companies similar to HDFC Life in India?

The salary of a Finance 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	₹5.0 Lakhs to ₹14.0 Lakhs per year
PNB MetLife	₹3.9 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.8 Lakhs to ₹10.7 Lakhs per year
Axis Max Life Insurance	₹2.5 Lakhs to ₹6.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.1 Lakhs to ₹4.7 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 Finance Manager at HDFC Life in India?

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

Experience	Average Salary Range
1 year	₹2.4 Lakhs to ₹4.1 Lakhs per year
2 years	₹2.3 Lakhs to ₹4.5 Lakhs per year
3 years	₹2.5 Lakhs to ₹4.5 Lakhs per year
4 years	₹1.5 Lakhs to ₹4.5 Lakhs per year

and so on.

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HDFC Life Finance Manager Salaries by Location

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HDFC Life Finance Manager Salaries

HDFC Life Finance Manager salary in India ranges between ₹2.3 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 HDFC Life latest salaries received from various employees of HDFC Life.

HDFC Life Finance Manager salaries in India

Companies similar to HDFC Life for Finance Manager

Latest annual salaries shared by HDFC Life Finance Manager

Experience wise HDFC Life Finance Manager salaries

Similar Designation salaries in HDFC Life

Salary related reviews for HDFC Life

Sales Manager in Cuttack

Sales Manager in Mumbai

Relationship Manager in Bhubaneswar

Deputy Manager in Mumbai

Relationship Manager in Kurnool

HDFC Life Finance Manager Salary FAQs

Tell us how to improve this page.

HDFC Life Finance Manager Salaries by Location