HDFC Life General Manager Salaries by 20+ Employees

10 - 24 years exp.

₹18 Lakhs - ₹26 Lakhs

Salary of majority employees

36% less than the average General Manager Salary in Insurance Companies for 10 - 24 years of experience

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Salaries in different departments

BFSI, Investments & Trading General Manager Salary 10 - 21 years exp. (12 salaries)	₹19.5 L/yr - ₹26 L/yr
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Customer Success, Service & Operations General Manager Salary 17 - 19 years exp. (AmbitionBox Estimate)	₹22.7 L/yr - ₹25.3 L/yr

Last Updated: 27 Jun 2024

Companies similar to HDFC Life for General Manager

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance General Manager Salary 10 - 20 years exp. (11 salaries)	₹14 L/yr - ₹36.6 L/yr 12% less
PNB MetLife General Manager Salary 10 - 19 years exp. (9 salaries)	₹26.7 L/yr - ₹50.5 L/yr 79% more	1 job opening
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Bajaj Allianz Life Insurance General Manager Salary 12 - 25 years exp. (4 salaries)	₹30 L/yr - ₹35 L/yr 37% more
ICICI Lombard General Insurance Company General Manager Salary 0 - 19 years exp. (3 salaries)	₹10 L/yr - ₹30 L/yr 15% less
HDFC Ergo General Insurance General Manager Salary 0 - 2 years exp. (3 salaries)	₹3.3 L/yr - ₹4.5 L/yr 84% less

General Manager salary at HDFC Life ranges between ₹18 Lakhs to ₹26 Lakhs per year for employees with experience between 10 years to 24 years. Salary estimates are based on 27 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life General Manager salaries

Last Updated: 27 Jun 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹19.5 L/yr - ₹37.6 L/yr
11 years (AmbitionBox Estimate)	₹19.1 L/yr - ₹24.5 L/yr
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12 years (AmbitionBox Estimate)	₹19.5 L/yr - ₹24.9 L/yr
13 years (4 salaries)	₹18.5 L/yr - ₹39.7 L/yr
14 years (AmbitionBox Estimate)	₹22 L/yr - ₹26 L/yr
15+ years (20 salaries)	₹18 L/yr - ₹26 L/yr

View all

Similar Designation salaries in HDFC Life

Hotel Manager Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Area Manager Salary

(36 salaries)

₹7.71 L/yr - ₹19 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹25.2 L/yr - ₹32.2 L/yr

Sales Manager Salary

(697 salaries)

₹1.1 L/yr - ₹7.5 L/yr

Restaurant Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Deputy General Manager Salary

(21 salaries)

₹10 L/yr - ₹26 L/yr

Shift Manager Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Cluster Manager Salary

(283 salaries)

₹5 L/yr - ₹12 L/yr

Operations Manager Salary

(38 salaries)

₹1.45 L/yr - ₹10.43 L/yr

Assistant General Manager Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Salary related reviews for HDFC Life

2.0

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

Business Development Manager in Bijnor

Full Time

Marketing & Communication Department

5.0

• posted on 10 Feb 2025

1.0

for Salary and Benefits

Likes

Hello team m Rishabh Rastogi from HDFC LIFE Bijnor Branch, there is a lot of pressure here for work and HDFC Life is a very good brand but there are no facilities for the employees in the office.

Work-life balance - Excellent

Dislikes

Here the calculation is less Here the salary is very high as compared to low and the facilities are also very less, the promotions target is very high and there are many parameters.

Salary - Bad

+4 more

Business Development Manager in Vasai-Virar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 30 May 2024

3.0

for Salary and Benefits

Likes

You get salary on time.

Dislikes

Late night sitting unnecessarily, Rude and rough language usage by bosses inspite of men or women, Depreciation, Don't follow code of conduct,Don't respect staffs ,only business and results, lack of co-operation and team work, Insist for hard drinks ,Bad behaviour, don't get leave if you don't perform, bias nature.

Work satisfaction - Bad

+2 more

Operations Manager in Mumbai

Full Time

Risk Management & Compliance Department

3.0

• posted on 26 Nov 2023

1.0

for Salary and Benefits

Likes

The way they make fool our of you. JD and actual work are really different. Popular statement "I am a really considerate manager".

Job security - Excellent

Dislikes

Usual work day is for about 12 hrs On document Saturday is a non working day but you will be forced to work with out pay. Overtime is a myth Promotion depends upon L1's will. Variable pay is only for MT's and chief manager & above Huge gap in pay at same band.

Salary - Bad

+4 more

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

see more salary related reviews

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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 General Manager Salary FAQs

What is the salary of General Manager at HDFC Life ?

The average salary of a General Manager at HDFC Life in India typically ranges from ₹18.0 Lakhs to ₹26.0 Lakhs per year, depending on experience (from 10 years to 24 years).

The top 10% of General Manager at HDFC Life earn more than ₹26.0 Lakhs per year, and the top 1% earn over ₹26.0 Lakhs per year. General 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 20+ HDFC Life employees in India.

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

The estimated take-home salary of a General Manager at HDFC Life in India typically ranges from ₹1,50,826 to ₹1,56,509 per month. This is based on the average salary range of ₹18.0 Lakhs to ₹26.0 Lakhs per year for employees with experience ranging from 10 years to 24 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 20+ 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 General Manager in India?

PNB MetLife	₹26.7 Lakhs to ₹50.5 Lakhs per year
Bajaj Allianz Life Insurance	₹30.0 Lakhs to ₹35.0 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 General Manager in companies similar to HDFC Life in India?

The salary of a General 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	₹14.0 Lakhs to ₹36.6 Lakhs per year
ICICI Lombard General Insurance Company	₹10.0 Lakhs to ₹30.0 Lakhs per year
HDFC Ergo General Insurance	₹3.3 Lakhs to ₹4.5 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 General Manager at HDFC Life in India?

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

Experience	Average Salary Range
10 years	₹19.5 Lakhs to ₹37.6 Lakhs per year
11 years	₹19.1 Lakhs to ₹24.5 Lakhs per year
12 years	₹19.5 Lakhs to ₹24.9 Lakhs per year
13 years	₹18.5 Lakhs to ₹39.7 Lakhs per year

and so on.

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HDFC Life General Manager Salaries

HDFC Life General Manager salary in India ranges between ₹18 Lakhs to ₹26 Lakhs with an average annual salary of ₹. Salary estimates are based on 27 HDFC Life latest salaries received from various employees of HDFC Life.