HDFC Life Mumbai Insurance Manager Salaries by 6 Employees (Updated 2024)

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

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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 - ₹3.4 L/yr
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Sales & Business Development Insurance Manager Salary 3 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.7 L/yr

Last Updated: 18 Dec 2024

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
Max Life Insurance Insurance Manager Salary 0 - 7 years exp. (4 salaries)	₹3 L/yr - ₹4 L/yr 3% less
Bajaj Allianz Life Insurance Insurance Manager Salary 1 - 7 years exp. (3 salaries)	₹3.1 L/yr - ₹6 L/yr 14% more
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Kotak Mahindara Life Insurance Insurance Manager Salary 1 - 3 years exp. (3 salaries)	₹2.5 L/yr - ₹3.8 L/yr 3% more
Siemens Financial Services Insurance Manager Salary 14 - 18 years exp. (4 salaries)	₹7.5 L/yr - ₹10 L/yr 150% more
Piramal Capital Housing Finance Insurance Manager Salary 12 - 18 years exp. (4 salaries)	₹8.6 L/yr - ₹13 L/yr 168% 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: 18 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹6.2 L/yr
2 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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3 years (AmbitionBox Estimate)	₹3 L/yr - ₹4.7 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.6 L/yr
5 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹5.5 L/yr

Similar Designation salaries in HDFC Life

Deputy Manager Salary

(421 salaries)

₹3.5 L/yr - ₹14.4 L/yr

Sales Manager Salary

(92 salaries)

₹2.2 L/yr - ₹7.5 L/yr

Assistant Sales Manager Salary

(46 salaries)

₹3.2 L/yr - ₹5.5 L/yr

Branch Manager Salary

(29 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Territory Manager Salary

(24 salaries)

₹5.21 L/yr - ₹18 L/yr

Branch Sales Manager Salary

(5 salaries)

₹5 L/yr - ₹8 L/yr

Salary related reviews for HDFC Life

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.

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

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.

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.

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

Deputy Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 07 Aug 2023

2.0

for Salary and Benefits

Dislikes

... Saturday and Sunday off as they have mentioned holiday at the time of joining. Also I feel there is discrimination in salary increament policy and working time among employees.

see more salary related reviews

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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HDFC Life Insurance Manager Salary FAQs

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

Insurance Manager salary at HDFC Life in Mumbai ranges between ₹2.7 Lakhs to ₹5.5 Lakhs for experience between 1 years to 5 years. According to our estimates it is 3% less than the average Insurance Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Insurance Manager at HDFC Life is 3% less than the average salary of a Insurance Manager in Mumbai. To know exact salary insights, login to view.

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

Piramal Capital Housing Finance Insurance Manager Salary - ₹8.6 Lakhs to ₹13.0 Lakhs per year
Siemens Financial Services Insurance Manager Salary - ₹7.5 Lakhs to ₹10.0 Lakhs per year
Bajaj Allianz Life Insurance Insurance Manager Salary - ₹3.1 Lakhs to ₹6.0 Lakhs per year
Kotak Mahindara Life Insurance Insurance Manager Salary - ₹2.5 Lakhs to ₹3.8 Lakhs per year

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

Max Life Insurance Insurance Manager Salary - ₹3.0 Lakhs to ₹4.0 Lakhs per year

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 ranges between ₹26,521 per month to ₹27,937 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Insurance Manager salary in India which ranges between ₹2.7 Lakhs to ₹5.5 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 80% of the HDFC Life Insurance Managers in Mumbai reported a notice period of 1 Month, 20% reported a notice period of 2 Months.This is based on 5 responses on AmbitionBox in last 2 years.

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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.