HDFC Life Insurance Manager Salaries by 50+ Employees (Updated 2025)

1 - 6 years exp.

₹2.5 Lakhs - ₹6 Lakhs

Salary of majority employees

6% less than the average Insurance Manager Salary in Insurance Companies for 1 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Insurance Manager Salary 1 - 6 years exp. (20 salaries)	₹2.5 L/yr - ₹5.5 L/yr
Sales & Business Development Insurance Manager Salary 1 - 6 years exp. (5 salaries)	₹4.3 L/yr - ₹6 L/yr
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Finance & Accounting Insurance Manager Salary 1 - 6 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr

Last Updated: 2 Mar 2025

Companies similar to HDFC Life for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Insurance Manager Salary 1 - 9 years exp. (18 salaries)	₹2.8 L/yr - ₹5 L/yr 9% less
SBI Life Insurance Company Insurance Manager Salary 3 - 12 years exp. (13 salaries)	₹2.5 L/yr - ₹4.5 L/yr 2% more
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Axis Max Life Insurance Insurance Manager Salary 1 - 8 years exp. (25 salaries)	₹2.3 L/yr - ₹5 L/yr 6% more
Bajaj Allianz Life Insurance Insurance Manager Salary 1 - 7 years exp. (45 salaries)	₹1.5 L/yr - ₹6 L/yr 4% less
Tata AIA Life Insurance Insurance Manager Salary 3 - 9 years exp. (26 salaries)	₹2.6 L/yr - ₹7.7 L/yr 21% more
PNB MetLife Insurance Manager Salary 0 - 8 years exp. (67 salaries)	₹0.6 L/yr - ₹5.3 L/yr 4% less
Reliance Nippon Life Insurance Insurance Manager Salary 1 - 11 years exp. (26 salaries)	₹1.8 L/yr - ₹5 L/yr 8% less
Kotak Mahindara Life Insurance Insurance Manager Salary 1 - 8 years exp. (21 salaries)	₹2.5 L/yr - ₹5.9 L/yr 3% more
ICICI Lombard General Insurance Company Insurance Manager Salary 3 - 13 years exp. (15 salaries)	₹2.4 L/yr - ₹8 L/yr 13% more
Shriram Life Insurance Insurance Manager Salary 2 - 15 years exp. (11 salaries)	₹1 L/yr - ₹4.5 L/yr 13% less
HDFC Ergo General Insurance Insurance Manager Salary 5 - 11 years exp. (8 salaries)	₹4 L/yr - ₹9.4 L/yr 59% more
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SBI General Insurance Insurance Manager Salary 0 - 16 years exp. (7 salaries)	₹2.4 L/yr - ₹7.5 L/yr 24% more
Maruti Suzuki Insurance Broking Insurance Manager Salary 5 - 10 years exp. (7 salaries)	₹2.4 L/yr - ₹5.1 L/yr 7% less
Aditya Birla Sun Life Insurance Insurance Manager Salary 2 - 8 years exp. (8 salaries)	₹3 L/yr - ₹5.6 L/yr 1% more
Life Insurance Corporation of India Insurance Manager Salary 2 - 14 years exp. (4 salaries)	₹3.3 L/yr - ₹6 L/yr 25% more
Star Health & Allied Insurance Insurance Manager Salary 9 - 11 years exp. (4 salaries)	₹4.3 L/yr - ₹7.3 L/yr 20% more
The New India Assurance Co. Insurance Manager Salary 3 - 7 years exp. (3 salaries)	₹1.2 L/yr - ₹15 L/yr 74% more
Kotak Mahindra General Insurance Insurance Manager Salary 10 - 12 years exp. (3 salaries)	₹4 L/yr - ₹6.5 L/yr 51% more

Insurance Manager salary at HDFC Life ranges between ₹2.5 Lakhs to ₹6 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 50 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Insurance Manager salaries

Last Updated: 2 Mar 2025

Experience	Avg Annual Salary
1 year (6 salaries)	₹2.5 L/yr - ₹4.5 L/yr
2 years (14 salaries)	₹2.5 L/yr - ₹4.3 L/yr
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3 years (9 salaries)	₹2.6 L/yr - ₹5 L/yr
4 years (7 salaries)	₹3 L/yr - ₹4.5 L/yr
5 years (8 salaries)	₹2.5 L/yr - ₹5.5 L/yr
6 years (6 salaries)	₹2.5 L/yr - ₹6 L/yr

View all

Similar Designation salaries in HDFC Life

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Store Manager Salary

(AmbitionBox Estimate)

₹25.2 L/yr - ₹32.2 L/yr

Area Manager Salary

(31 salaries)

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Deputy Manager Salary

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Sales Manager Salary

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Branch Sales Manager Salary

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Assistant Sales Manager Salary

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Relationship Manager Salary

(555 salaries)

₹1.7 L/yr - ₹5 L/yr

Salary related reviews for HDFC Life

3.8

Rated by 17 employees for salary & benefits

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

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

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

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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Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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HDFC Life Insurance Manager Salary FAQs

What is the salary of Insurance Manager at HDFC Life?

Insurance Manager salary at HDFC Life in India ranges between ₹2.5 Lakhs to ₹6.0 Lakhs for experience between 1 years to 6 years. According to our estimates it is 6% less than the average Insurance Manager Salary in India. Salary estimates are based on 50 latest salaries received from various employees of HDFC Life India.

How does the salary of a Insurance Manager at HDFC Life India compare with the average salary range for this job?

The average salary of a Insurance Manager at HDFC Life is 6% less than the average salary of a Insurance Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Life to a Insurance Manager in India?

The New India Assurance Co. Insurance Manager Salary - ₹1.2 Lakhs to ₹15.0 Lakhs per year
HDFC Ergo General Insurance Insurance Manager Salary - ₹4.0 Lakhs to ₹9.4 Lakhs per year
Kotak Mahindra General Insurance Insurance Manager Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year
Life Insurance Corporation of India Insurance Manager Salary - ₹3.3 Lakhs to ₹6.0 Lakhs per year
SBI General Insurance Insurance Manager Salary - ₹2.4 Lakhs to ₹7.5 Lakhs per year

What is the salary of a Insurance Manager in companies similar to HDFC Life in India?

Tata AIA Life Insurance Insurance Manager Salary - ₹2.6 Lakhs to ₹7.7 Lakhs per year
Star Health & Allied Insurance Insurance Manager Salary - ₹4.3 Lakhs to ₹7.3 Lakhs per year
ICICI Lombard General Insurance Company Insurance Manager Salary - ₹2.4 Lakhs to ₹8.0 Lakhs per year
Axis Max Life Insurance Insurance Manager Salary - ₹2.3 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindara Life Insurance Insurance Manager Salary - ₹2.5 Lakhs to ₹5.9 Lakhs per year

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

The estimated take-home salary of a Insurance Manager at HDFC Life ranges between ₹27,468 per month to ₹28,870 per month in India. The take-home salary calculation is based on the average HDFC Life Insurance Manager salary in India which ranges between ₹2.5 Lakhs to ₹6.0 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Insurance Manager at HDFC Life?

According to AmbitionBox, 66% of the HDFC Life Insurance Managers reported a notice period of 1 Month, 18% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 77 responses on AmbitionBox in last 2 years.

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HDFC Life Insurance Manager Salaries by Location

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HDFC Life Insurance Manager Salaries

HDFC Life Insurance Manager salary in India ranges between ₹2.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 50 HDFC Life latest salaries received from various employees of HDFC Life.

HDFC Life Insurance Manager salaries in India (Updated 2025)

Companies similar to HDFC Life for Insurance Manager

Latest annual salaries shared by HDFC Life Insurance Manager

Experience wise HDFC Life Insurance Manager salaries

Similar Designation salaries in HDFC Life

Salary related reviews for HDFC Life

Business Development Manager in Bijnor

Business Development Manager in Vasai-Virar

Sales Manager in Mumbai

Relationship Manager in Bhubaneswar

Deputy Manager in Mumbai

HDFC Life Insurance Manager Salary FAQs

Tell us how to improve this page.

HDFC Life Insurance Manager Salaries by Location