HDFC Life Innovation Manager Salaries by 4 Employees

1 - 13 years exp.

₹8.5 Lakhs - ₹13.1 Lakhs

Low Confidence

Salary of majority employees

47% less than the average Innovation Manager Salary in Insurance Companies for 1 - 13 years of experience

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Salaries in different departments

Strategic & Top Management Innovation Manager Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹11.9 L/yr - ₹13.1 L/yr
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Customer Success, Service & Operations Innovation Manager Salary 13 years exp. (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.4 L/yr

Last Updated: 31 May 2023

Companies similar to HDFC Life for Innovation Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Innovation Manager Salary 4 - 6 years exp. (3 salaries)	₹16 L/yr - ₹22 L/yr 64% more
Maruti Suzuki Innovation Manager Salary 2 - 9 years exp. (11 salaries)	₹18 L/yr - ₹25 L/yr 91% more	1 job opening
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Deloitte Innovation Manager Salary 7 - 12 years exp. (7 salaries)	₹17.5 L/yr - ₹20.8 L/yr 83% more
Capgemini Innovation Manager Salary 7 - 15 years exp. (7 salaries)	₹11 L/yr - ₹18.8 L/yr 31% more
AB InBev India Innovation Manager Salary 9 - 10 years exp. (5 salaries)	₹24.5 L/yr - ₹39 L/yr 162% more

Innovation Manager salary at HDFC Life ranges between ₹8.5 Lakhs to ₹13.1 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Innovation Manager salaries

Last Updated: 31 May 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹10.7 L/yr - ₹13.7 L/yr
2 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.9 L/yr
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13 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr

Similar Designation salaries in HDFC Life

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Salary related reviews for HDFC Life

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

Software Developer in Mumbai

Engineering - Software & QA Department

2.0

• posted on 01 Jun 2021

2.0

for Salary and Benefits

Likes

I am working in this company (ADCAT dept) for the last 2 years. Even in the period of lockdown, they allowed us to WFH without any salary deduction. Sat-Sun is compulsory off. Work-life balance. ADCAT dept has a startup environment so there is a lot of transparency. Good for freshers

Dislikes

Since this is not a tech company one shouldn't expect much but then too I would like to highlight a few points. Since there is no proper software development process so the quality of the project is worse. The fact is nobody cares until something crashes. No focus on best practices at all. Non-tech PM will make you laugh and sick at the same time. Managers do not value any technical suggestions so there will be a time where one would lose hope and run along with it. 90% of projects are scrapped within a few months after development. Lack of training for freshers/Interns pushes them in the wrong direction.

Salary - Poor

+4 more

Deputy Manager in Lower Parel, Mumbai

Full Time

Information Technology Department

4.0

• posted on 30 Dec 2022

3.0

for Salary and Benefits

Likes

Too much pressure, however bigger companies have huge responsibility and always be at top to maintain the market standards and rank

Skill development - Excellent

+1 more

Dislikes

No promotion even after getting good appraisals. Salary can be improvised

Promotions - Poor

+1 more

Deputy Manager in Bangalore / Bengaluru

Non sales Department

4.0

• posted on 08 Nov 2018

3.0

for Salary and Benefits

Likes

I have lucky enough to have good bosses for having a good work life balance, with 4yrs old kid, this is main thing which is helping me move on being a non sales staff

Work satisfaction - Excellent

+1 more

Dislikes

Still people resign because of bosses at sales team majorly not because of company or salary,

Skill development - Bad

+2 more

Corporate Agency Manager in Karnal

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 13 Mar 2025

3.0

for Salary and Benefits

Likes

Job security is the thing which i can say is good. Working culture is somewhat good.

Skill development - Good

+3 more

Dislikes

Salary hike is not so good like 4 to 5 percent annually only. There is no skill development options, you have to go in the morning and come back at the evening and this happens daily nothing new.

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HDFC Life Innovation Manager Salary FAQs

What is the salary of Innovation Manager at HDFC Life ?

The average salary of a Innovation Manager at HDFC Life in India typically ranges from ₹8.5 Lakhs to ₹13.1 Lakhs per year, depending on experience (from 1 year to 13 years).

The top 10% of Innovation Manager at HDFC Life earn more than ₹13.1 Lakhs per year, and the top 1% earn over ₹13.1 Lakhs per year. Innovation 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 4 HDFC Life employees in India.

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

The estimated take-home salary of a Innovation Manager at HDFC Life in India typically ranges from ₹79,529 to ₹81,598 per month. This is based on the average salary range of ₹8.5 Lakhs to ₹13.1 Lakhs per year for employees with experience ranging from 1 year to 13 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.

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

AB InBev India	₹24.5 Lakhs to ₹39.0 Lakhs per year
Maruti Suzuki	₹18.0 Lakhs to ₹25.0 Lakhs per year
Deloitte	₹17.5 Lakhs to ₹20.8 Lakhs per year
HDFC Ergo General Insurance	₹16.0 Lakhs to ₹22.0 Lakhs per year
Capgemini	₹11.0 Lakhs to ₹18.8 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 Innovation Manager at HDFC Life in India?

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

Experience	Average Salary Range
1 year	₹10.7 Lakhs to ₹13.7 Lakhs per year
2 years	₹10.8 Lakhs to ₹13.9 Lakhs per year
13 years	₹7.7 Lakhs to ₹9.8 Lakhs per year

and so on.

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HDFC Life Innovation Manager Salaries

HDFC Life Innovation Manager salary in India ranges between ₹8.5 Lakhs to ₹13.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDFC Life latest salaries received from various employees of HDFC Life.