HDFC Life Mumbai Insurance Manager Salaries by 6 Employees (Updated 2025)

1 - 5 years exp.

₹2.7 Lakhs - ₹5.5 Lakhs

Salary of majority employees

At par with the average Insurance Manager Salary in Insurance Companies for 1 - 5 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Insurance Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹5.5 L/yr
Finance & Accounting Insurance Manager Salary 1 year exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
Login to view exact salary
Sales & Business Development Insurance Manager Salary 3 years exp. (AmbitionBox Estimate)	₹4.4 L/yr - ₹4.7 L/yr

Last Updated: 23 Jan 2025

Companies similar to HDFC Life for Insurance Manager in Mumbai

HDFC Life Insurance Manager Salary

1 - 5 years exp. (6 salaries)

₹2.7 L/yr - ₹5.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Insurance Manager Salary 2 - 7 years exp. (3 salaries)	₹3 L/yr - ₹4.1 L/yr 5% more
Tata AIA Life Insurance Insurance Manager Salary 5 - 10 years exp. (3 salaries)	₹4.3 L/yr - ₹7.7 L/yr 39% more
Login to view exact salary
Bajaj Allianz Life Insurance Insurance Manager Salary 1 - 7 years exp. (3 salaries)	₹3.1 L/yr - ₹6 L/yr 7% more
Kotak Mahindara Life Insurance Insurance Manager Salary 1 - 3 years exp. (3 salaries)	₹2.5 L/yr - ₹3.8 L/yr At par
Siemens Financial Services Insurance Manager Salary 14 - 18 years exp. (4 salaries)	₹7.5 L/yr - ₹10 L/yr 143% more

Insurance Manager salary at HDFC Life ranges between ₹2.7 Lakhs to ₹5.5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 6 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Insurance Manager salaries in Mumbai

Last Updated: 23 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
2 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr

Similar Designation salaries in HDFC Life

Deputy Manager Salary

(424 salaries)

₹3.5 L/yr - ₹14.4 L/yr

Relationship Manager Salary

(94 salaries)

₹2 L/yr - ₹5 L/yr

Sales Manager Salary

(91 salaries)

₹2.2 L/yr - ₹7.5 L/yr

Assistant Sales Manager Salary

(50 salaries)

₹3.2 L/yr - ₹5.5 L/yr

Area Manager Salary

(32 salaries)

₹13.3 L/yr - ₹19 L/yr

Branch Manager Salary

(31 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Territory Manager Salary

(22 salaries)

₹10.21 L/yr - ₹18 L/yr

Branch Sales Manager Salary

(7 salaries)

₹5 L/yr - ₹10.5 L/yr

Salary related reviews for HDFC Life

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

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

84 participants . expiring in 3d

Got a question about HDFC Life?

Ask anonymously on communities.

HDFC Life Insurance Manager Salary FAQs

What is the salary of Insurance Manager at HDFC Life in Mumbai?

The average salary of a Insurance Manager at HDFC Life in Mumbai typically ranges from ₹2.7 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Insurance Manager in Mumbai at HDFC Life earn more than ₹5.4 Lakhs per year, and the top 1% earn over ₹5.5 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 6 HDFC Life employees in India.

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

The estimated take-home salary of a Insurance Manager at HDFC Life in Mumbai typically ranges from ₹27,358 to ₹28,761 per month. This is based on the average salary range of ₹2.7 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 1 year to 5 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 Insurance Manager in India?

Siemens Financial Services	₹7.5 Lakhs to ₹10.0 Lakhs per year
Tata AIA Life Insurance	₹4.3 Lakhs to ₹7.7 Lakhs per year
Bajaj Allianz Life Insurance	₹3.1 Lakhs to ₹6.0 Lakhs per year
Axis Max Life Insurance	₹3.0 Lakhs to ₹4.1 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 Insurance Manager in companies similar to HDFC Life in Mumbai?

The salary of a Insurance Manager at companies similar to HDFC Life in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindara Life Insurance

₹2.5 Lakhs to ₹3.8 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 Insurance Manager at HDFC Life in Mumbai?

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

Experience	Average Salary Range
1 year	₹3.2 Lakhs to ₹4.1 Lakhs per year
2 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
3 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
4 years	₹3.4 Lakhs to ₹4.3 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
HDFC Life Salaries >
HDFC Life Insurance Manager Salaries >
HDFC Life Insurance Manager Salaries in Mumbai

HDFC Life Insurance Manager salary in Mumbai ranges between ₹2.7 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 HDFC Life latest salaries received from various employees of HDFC Life.