HDFC Life Financial Associate Salaries by 5 Employees

1 - 4 years exp.

₹2 Lakhs - ₹4.2 Lakhs

Low Confidence

Salary of majority employees

33% less than the average Financial Associate Salary in Insurance Companies for 1 - 4 years of experience

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Salaries in different departments

Data Science & Analytics Financial Associate Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.2 L/yr
Finance & Accounting Financial Associate Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
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Engineering - Hardware & Networks Financial Associate Salary 1 year exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 31 Jul 2024

Companies similar to HDFC Life for Financial Associate

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Financial Associate Salary 0 - 6 years exp. (19 salaries)	₹2.5 L/yr - ₹4 L/yr 4% more
Kotak Mahindara Life Insurance Financial Associate Salary 1 - 10 years exp. (3 salaries)	₹1.8 L/yr - ₹3.2 L/yr 15% less
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XL Catlin Financial Associate Salary 2 - 6 years exp. (13 salaries)	₹4.6 L/yr - ₹6.7 L/yr 64% more
Gallagher Financial Associate Salary 0 - 1 year exp. (5 salaries)	₹2.2 L/yr - ₹3.4 L/yr 20% less
Swiss Re Financial Associate Salary 5 - 8 years exp. (4 salaries)	₹13 L/yr - ₹20 L/yr 446% more
Life Insurance Corporation of India Financial Associate Salary 4 - 25 years exp. (3 salaries)	₹5 L/yr - ₹6 L/yr 78% more
AIG Financial Associate Salary 2 - 5 years exp. (3 salaries)	₹4 L/yr - ₹5.2 L/yr 39% more

Financial Associate salary at HDFC Life ranges between ₹2 Lakhs to ₹4.2 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 5 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Financial Associate salaries

Last Updated: 31 Jul 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹0.9 L/yr - ₹3 L/yr
2 years (AmbitionBox Estimate)	₹2 L/yr - ₹5.2 L/yr
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3 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.8 L/yr
4 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.2 L/yr

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Salary related reviews for HDFC Life

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

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

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 Associate Salary FAQs

What is the salary of Financial Associate at HDFC Life ?

The average salary of a Financial Associate at HDFC Life in India typically ranges from ₹2.0 Lakhs to ₹4.2 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Financial Associate at HDFC Life earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Financial Associate 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 5 HDFC Life employees in India.

What is the estimated take home salary of a Financial Associate at HDFC Life in India?

The estimated take-home salary of a Financial Associate at HDFC Life in India typically ranges from ₹22,561 to ₹24,036 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.2 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 5 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 Financial Associate in India?

Swiss Re	₹13.0 Lakhs to ₹20.0 Lakhs per year
Life Insurance Corporation of India	₹5.0 Lakhs to ₹6.0 Lakhs per year
XL Catlin	₹4.6 Lakhs to ₹6.7 Lakhs per year
AIG	₹4.0 Lakhs to ₹5.2 Lakhs per year
ICICI Prudential Life Insurance	₹2.5 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 Associate in companies similar to HDFC Life in India?

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

Kotak Mahindara Life Insurance	₹1.8 Lakhs to ₹3.2 Lakhs per year
Gallagher	₹2.2 Lakhs to ₹3.4 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 Associate at HDFC Life in India?

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

Experience	Average Salary Range
1 year	₹0.9 Lakhs to ₹3.0 Lakhs per year
2 years	₹2.0 Lakhs to ₹5.2 Lakhs per year
3 years	₹1.4 Lakhs to ₹3.8 Lakhs per year
4 years	₹1.6 Lakhs to ₹4.2 Lakhs per year

and so on.

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HDFC Life Financial Associate Salaries

HDFC Life Financial Associate salary in India ranges between ₹2 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 HDFC Life latest salaries received from various employees of HDFC Life.