HDFC Life Mumbai Financial Advisor Salaries by 4 Employees (Updated 2025)

1 - 4 years exp.

₹1.5 Lakh - ₹5 Lakhs

Salary of majority employees

27% less than the average Financial Advisor Salary in Insurance Companies for 1 - 4 years of experience

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Salaries in different departments

Marketing & Communication Financial Advisor Salary 2 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹5 L/yr
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Sales & Business Development Financial Advisor Salary 1 year exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.6 L/yr

Last Updated: 31 Jan 2025

Companies similar to HDFC Life for Financial Advisor in Mumbai

HDFC Life Financial Advisor Salary

1 - 4 years exp. (4 salaries)

₹1.5 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Financial Advisor Salary 1 - 6 years exp. (13 salaries)	₹2 L/yr - ₹6 L/yr 14% more
Life Insurance Corporation of India Financial Advisor Salary 0 - 8 years exp. (10 salaries)	₹2 L/yr - ₹5 L/yr 12% less
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Kotak Mahindara Life Insurance Financial Advisor Salary 0 - 5 years exp. (6 salaries)	₹1.5 L/yr - ₹6 L/yr 17% more
Axis Max Life Insurance Financial Advisor Salary 2 - 8 years exp. (5 salaries)	₹2.2 L/yr - ₹4 L/yr 5% more	1 job opening
Motilal Oswal Financial Services Financial Advisor Salary 0 - 6 years exp. (250 salaries)	₹1.6 L/yr - ₹5 L/yr 7% more

Financial Advisor salary at HDFC Life ranges between ₹1.5 Lakh to ₹5 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Financial Advisor salaries in Mumbai

Last Updated: 31 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.2 L/yr - ₹3 L/yr
2 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹5 L/yr
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3 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
4 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹5.8 L/yr

Similar Designation salaries in HDFC Life

Senior Associate Salary

(496 salaries)

₹1.05 L/yr - ₹4.6 L/yr

Management Trainee Salary

(78 salaries)

₹5 L/yr - ₹15 L/yr

Business Analyst Salary

(22 salaries)

₹3.2 L/yr - ₹11.09 L/yr

Credit Analyst Salary

(4 salaries)

₹9.1 L/yr - ₹18.9 L/yr

Top skills at HDFC Life for Financial Advisor

Relationship Management Selling Skills Investment Advisory Insurance Sales Financial Advisory Convincing Power Wealth Management

Salary related reviews for HDFC Life

3.0

Rated by 1 employees for salary & benefits

Financial Advisor in Nanded

BFSI, Investments & Trading Department

5.0

• posted on 30 Jul 2018

4.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology.I love the fact that I am a part of a team that markets reliable, high-quality products and has a global client base.

Salary - Good

+6 more

Dislikes

Compensation is decent

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.

Skill development - Excellent

+2 more

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.

Promotions - Poor

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.

Salary - Bad

+6 more

Senior Associate in Patna

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 04 Jun 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Low salary structure Unwanted work pressure Dirty politics Zero growth if you're not a politician in the company Non recognition of your good work No incentives even after having huge targets Manual rating system of employees, you will be judged by your amount of buttering not by your performance. Overall very bad work culture

Salary - Bad

+6 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

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HDFC Life Financial Advisor Salary FAQs

What is the salary of Financial Advisor at HDFC Life in Mumbai?

The average salary of a Financial Advisor at HDFC Life in Mumbai typically ranges from ₹1.5 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Financial Advisor in Mumbai at HDFC Life earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Financial Advisor 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 4 HDFC Life employees in India.

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

The estimated take-home salary of a Financial Advisor at HDFC Life in Mumbai typically ranges from ₹23,817 to ₹25,274 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year 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 4 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 Financial Advisor at HDFC Life in Mumbai?

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

- Relationship Management
- Selling Skills
- Investment Advisory
- Insurance Sales
- Financial Advisory

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 Financial Advisor in India?

Kotak Mahindara Life Insurance	₹1.5 Lakhs to ₹6.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.0 Lakhs to ₹6.0 Lakhs per year
Motilal Oswal Financial Services	₹1.6 Lakhs to ₹5.0 Lakhs per year
Axis Max Life Insurance	₹2.2 Lakhs to ₹4.0 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 Financial Advisor in companies similar to HDFC Life in Mumbai?

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

Life Insurance Corporation of India

₹2.0 Lakhs to ₹5.0 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 Financial Advisor at HDFC Life in Mumbai?

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

Experience	Average Salary Range
1 year	₹1.2 Lakhs to ₹3.0 Lakhs per year
2 years	₹2.8 Lakhs to ₹5.0 Lakhs per year
3 years	₹2.8 Lakhs to ₹3.6 Lakhs per year
4 years	₹1.5 Lakhs to ₹5.8 Lakhs per year

and so on.

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HDFC Life Financial Advisor Salaries in Mumbai

HDFC Life Financial Advisor salary in Mumbai ranges between ₹1.5 Lakh to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDFC Life latest salaries received from various employees of HDFC Life.