Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary6% 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 |
Companies similar to HDFC Life for Insurance Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 PNB MetLife Insurance Manager Salary
0 - 8 years exp. (67 salaries) | ₹0.6 L/yr - ₹5.3 L/yr 
4%
less | |
 Bajaj Allianz Life Insurance Insurance Manager Salary
1 - 7 years exp. (45 salaries) | ₹1.5 L/yr - ₹6 L/yr
4%
less | |
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| ||
 Reliance Nippon Life Insurance Insurance Manager Salary
1 - 11 years exp. (26 salaries) | ₹1.8 L/yr - ₹5 L/yr
8%
less | |
 Tata AIA Life Insurance Insurance Manager Salary
3 - 9 years exp. (26 salaries) | ₹2.6 L/yr - ₹7.7 L/yr 
21%
more | |
 Axis Max Life Insurance Insurance Manager Salary
1 - 8 years exp. (25 salaries) | ₹2.3 L/yr - ₹5 L/yr
6%
more | |
 Kotak Mahindara Life Insurance Insurance Manager Salary
1 - 8 years exp. (21 salaries) | ₹2.5 L/yr - ₹5.9 L/yr
4%
more | |
 ICICI Prudential Life Insurance Insurance Manager Salary
1 - 9 years exp. (18 salaries) | ₹2.8 L/yr - ₹5 L/yr
9%
less | |
 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. (13 salaries) | ₹1 L/yr - ₹5 L/yr
10%
less | |
 SBI Life Insurance Company Insurance Manager Salary
3 - 12 years exp. (13 salaries) | ₹2.5 L/yr - ₹4.5 L/yr
2%
less | |
 Aditya Birla Sun Life Insurance Insurance Manager Salary
2 - 8 years exp. (8 salaries) | ₹3 L/yr - ₹5.6 L/yr
1%
more | |
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| ||
 HDFC Ergo General Insurance Insurance Manager Salary
5 - 11 years exp. (8 salaries) | ₹4 L/yr - ₹9.4 L/yr
60%
more | |
 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 | |
 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 - 13 years exp. (3 salaries) | ₹4 L/yr - ₹6.5 L/yr
52%
more | |
Latest annual salaries shared by HDFC Life Insurance Manager
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
|
Similar Designation salaries in HDFC Life
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HDFC Life Insurance Manager Salary FAQs
The top 10% of Insurance Manager at HDFC Life earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Insurance 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 50+ HDFC Life employees in India.
| The New India Assurance Co. | ₹1.2 Lakhs to ₹15.0 Lakhs per year |
| HDFC Ergo General Insurance | ₹4.0 Lakhs to ₹9.4 Lakhs per year |
| Kotak Mahindra General Insurance | ₹4.0 Lakhs to ₹6.5 Lakhs per year |
| Life Insurance Corporation of India | ₹3.3 Lakhs to ₹6.0 Lakhs per year |
| SBI General Insurance | ₹2.4 Lakhs to ₹7.5 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.
| Tata AIA Life Insurance | ₹2.6 Lakhs to ₹7.7 Lakhs per year |
| Star Health & Allied Insurance | ₹4.3 Lakhs to ₹7.3 Lakhs per year |
| ICICI Lombard General Insurance Company | ₹2.4 Lakhs to ₹8.0 Lakhs per year |
| Axis Max Life Insurance | ₹2.3 Lakhs to ₹5.0 Lakhs per year |
| Kotak Mahindara Life Insurance | ₹2.5 Lakhs to ₹5.9 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.
| Experience | Average Salary Range |
|---|---|
| 1 year | ₹2.5 Lakhs to ₹4.5 Lakhs per year |
| 2 years | ₹2.5 Lakhs to ₹4.3 Lakhs per year |
| 3 years | ₹2.6 Lakhs to ₹5.0 Lakhs per year |
| 4 years | ₹3.0 Lakhs to ₹4.5 Lakhs per year |
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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.