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HDFC Life

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4.0

based on 9.2k Reviews

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HDFC Life General Manager salaries in Mumbai

Annual salary range
13 - 21 years exp.
₹20 Lakhs - ₹26 Lakhs
Salary of majority employees
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40% less than the average General Manager Salary in Insurance Companies for 13 - 21 years of experience

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Last Updated: 17 Jan 2024

Companies similar to HDFC Life for General Manager in Mumbai

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HDFC Life General Manager Salary

13 - 21 years exp. (6 salaries)
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₹20 L/yr - ₹26 L/yr

vs
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General Manager salary at HDFC Life ranges between ₹20 Lakhs to ₹26 Lakhs per year for employees with experience between 13 years to 21 years. Salary estimates are based on 6 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life General Manager in Mumbai

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21 years exp.
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15 years exp.
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14 years exp.
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20 years exp.
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13 years exp.

Experience wise HDFC Life General Manager salaries in Mumbai

Last Updated: 17 Jan 2024

Experience Avg Annual Salary
13 years (AmbitionBox Estimate)

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₹20 L/yr - ₹39.6 L/yr
14 years (AmbitionBox Estimate)

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₹22 L/yr - ₹26 L/yr
15+ years  (3 salaries)

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₹22 L/yr - ₹44.1 L/yr

Similar Designation salaries in HDFC Life

Sales Manager Salary
(93 salaries)
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₹2.2 L/yr - ₹7.5 L/yr
Cluster Manager Salary
(27 salaries)
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₹6 L/yr - ₹11.46 L/yr
Area Manager Salary
(25 salaries)
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₹13.58 L/yr - ₹19 L/yr
Operations Manager Salary
(9 salaries)
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₹1.45 L/yr - ₹10 L/yr
Deputy General Manager Salary
(5 salaries)
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₹10 L/yr - ₹25 L/yr

Salary related reviews for HDFC Life

Business Development Manager in Vasai-Virar

Full Time

 · 

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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.

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

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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.

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  •  posted on 24 Oct 2023
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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

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Business Development Manager in Vijayawada

Full Time

 · 

Sales & Business Development Department

4.0
  •  posted on 26 Jan 2023
4.0
 for  Salary and Benefits

Likes

I like work atmosphere with relative co-employee and higher s mainly learning skills and developing of my work and working times .everything is going well here very good job for employees, growth levels also very nice..

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  • Salary - Good
    • +5 more

Dislikes

I'm unsatisfied with my salary and I got work pressure a lot .

Business Development Manager in New Delhi

Full Time

 · 

Sales & Business Development Department

4.0
  •  posted on 28 Nov 2022
3.0
 for  Salary and Benefits

Likes

I just simply love the company, be it work culture, sales incentives, or training and they are always open to feedback and suggestion. I learned a lot in HDFC life.

read more
  • Skill development - Good
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Dislikes

I was not satisfied with my salary, I was asked for my salary at the time of the interview and I told them 25000 pm. I was hired and when I got my first salary it was 170000 which was really heartbreaking.

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2w
a system engineer
Just had to share this, I got a 100% hike!
I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.
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HDFC Life General Manager Salary FAQs

What is the salary of General Manager at HDFC Life in Mumbai?
The average salary of a General Manager at HDFC Life in Mumbai typically ranges from ₹20.0 Lakhs to ₹26.0 Lakhs per year, depending on experience (from 13 years to 21 years).

The top 10% of General Manager in Mumbai at HDFC Life earn more than ₹25.8 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 6 HDFC Life employees in India.
What is the estimated take home salary of a General Manager at HDFC Life in Mumbai?
The estimated take-home salary of a General Manager at HDFC Life in Mumbai typically ranges from ₹1,50,742 to ₹1,56,421 per month. This is based on the average salary range of ₹20.0 Lakhs to ₹26.0 Lakhs per year for employees with experience ranging from 13 years to 21 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 6 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
Jio ₹22.0 Lakhs to ₹60.0 Lakhs per year
Vodafone Idea ₹18.0 Lakhs to ₹63.0 Lakhs per year
Reliance Industries ₹17.0 Lakhs to ₹55.1 Lakhs per year
Lodha Group ₹17.0 Lakhs to ₹53.0 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.
How the salary growth look like for a General Manager at HDFC Life in Mumbai?
The salary growth for a General Manager at HDFC Life in Mumbai depends on factors such as experience, performance, and promotions. On average, a General Manager in Mumbai can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
13 years ₹20.0 Lakhs to ₹39.6 Lakhs per year
14 years ₹22.0 Lakhs to ₹26.0 Lakhs per year
15 years ₹22.0 Lakhs to ₹44.1 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Life General Manager salary in Mumbai ranges between ₹20 Lakhs to ₹26 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 HDFC Life latest salaries received from various employees of HDFC Life.