HDFC Life Insurance Sales Manager Salaries by 20+ Employees

1 - 12 years exp.

₹1.5 Lakh - ₹5.8 Lakhs

Salary of majority employees

10% less than the average Insurance Sales Manager Salary in Insurance Companies for 1 - 12 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Insurance Sales Manager Salary 3 - 12 years exp. (6 salaries)	₹2.4 L/yr - ₹5.8 L/yr
Sales & Business Development Insurance Sales Manager Salary 1 - 3 years exp. (4 salaries)	₹1.5 L/yr - ₹3.7 L/yr
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Finance & Accounting Insurance Sales Manager Salary 3 - 6 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹3.7 L/yr
Customer Success, Service & Operations Insurance Sales Manager Salary 3 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.7 L/yr

Last Updated: 17 Jan 2024

Companies similar to HDFC Life for Insurance Sales Manager

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Insurance Sales Manager Salary 1 - 8 years exp. (27 salaries)	₹3.5 L/yr - ₹6.4 L/yr 64% more
ICICI Prudential Life Insurance Insurance Sales Manager Salary 1 - 5 years exp. (12 salaries)	₹2.5 L/yr - ₹3.5 L/yr 7% less
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Axis Max Life Insurance Insurance Sales Manager Salary 2 - 6 years exp. (10 salaries)	₹2.6 L/yr - ₹4 L/yr 3% less
Bajaj Allianz Life Insurance Insurance Sales Manager Salary 3 - 10 years exp. (9 salaries)	₹1.8 L/yr - ₹5.1 L/yr 17% more
Reliance Nippon Life Insurance Insurance Sales Manager Salary 1 - 7 years exp. (7 salaries)	₹2.2 L/yr - ₹3 L/yr 22% less
Kotak Mahindara Life Insurance Insurance Sales Manager Salary 0 - 7 years exp. (7 salaries)	₹2.2 L/yr - ₹5 L/yr 20% more
Aditya Birla Sun Life Insurance Insurance Sales Manager Salary 1 - 5 years exp. (6 salaries)	₹2.1 L/yr - ₹3.5 L/yr 14% less
Life Insurance Corporation of India Insurance Sales Manager Salary 3 - 23 years exp. (5 salaries)	₹2.2 L/yr - ₹6 L/yr 25% more
SBI Life Insurance Company Insurance Sales Manager Salary 3 - 6 years exp. (5 salaries)	₹2.3 L/yr - ₹3.5 L/yr 2% less
Star Health & Allied Insurance Insurance Sales Manager Salary 2 - 8 years exp. (5 salaries)	₹1.7 L/yr - ₹3 L/yr 26% less
ICICI Lombard General Insurance Company Insurance Sales Manager Salary 6 - 8 years exp. (4 salaries)	₹3.1 L/yr - ₹7.4 L/yr 45% more
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HDFC Ergo General Insurance Insurance Sales Manager Salary 4 - 6 years exp. (4 salaries)	₹2.7 L/yr - ₹4.6 L/yr 11% more
PNB MetLife Insurance Sales Manager Salary 1 - 5 years exp. (4 salaries)	₹1.5 L/yr - ₹4 L/yr 19% less
Shriram Life Insurance Insurance Sales Manager Salary 3 - 10 years exp. (3 salaries)	₹2.2 L/yr - ₹2.8 L/yr 25% less
The Oriental Insurance Co. Insurance Sales Manager Salary 2 - 10 years exp. (3 salaries)	₹3 L/yr - ₹4.4 L/yr 8% more

Insurance Sales Manager salary at HDFC Life ranges between ₹1.5 Lakh to ₹5.8 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 26 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Insurance Sales Manager salaries

Last Updated: 17 Jan 2024

Experience	Avg Annual Salary
1 year (3 salaries)	₹1.5 L/yr - ₹4.7 L/yr
2 years (3 salaries)	₹2 L/yr - ₹3 L/yr
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3 years (10 salaries)	₹2 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.3 L/yr
5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.2 L/yr
6 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.7 L/yr
7 years (3 salaries)	₹2.8 L/yr - ₹4.2 L/yr
8 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹4 L/yr
9 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4.8 L/yr
10 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
11 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
12 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹5.8 L/yr

View all

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Salary related reviews for HDFC Life

4.2

Rated by 9 employees for salary & benefits

Senior Corporate Agency Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 08 Nov 2024

4.0

for Salary and Benefits

Likes

Skill development is good more knowledge we gets about product clearly

Salary - Good

+3 more

Dislikes

...nsent about the employee only they listen what our bosses say not to employees, Higher New employees giving higher designation and salary hike instade of give to our old employees

Promotions - Bad

+2 more

Senior Corporate Agency Manager in Mumbai

Full Time

Other Department

1.0

• posted on 14 Oct 2024

2.0

for Salary and Benefits

Likes

Nothing to like, people keep on absconding, due to no work life balance, irrelevant pressure.

Dislikes

...cy, rejected leaves at last moment even after informing manager 2 months before. * No job security, Manager always ask to resign in front of everyone in team meetings * Bullying regarding salary infront of colleagues, as if paying my salary from their own pocket *

Salary - Poor

+6 more

Corporate Agency Manager in Bhubaneswar

Full Time

Sales & Business Development Department

4.0

• posted on 22 Jun 2024

1.0

for Salary and Benefits

Likes

Management are too friendly... All staff are too friendly and helping ...

Job security - Excellent

+2 more

Dislikes

Salary increment problem... promotion criteria too hard.. even new fresher staff Haring with high salary but old staff salary not increase,

Salary - Bad

+1 more

Corporate Agency Manager in Visakhapatnam

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 29 Sep 2023

3.0

for Salary and Benefits

Likes

They pay timely salary this only the thing

Dislikes

1. No work life balance 2. They will torture you 3. If you did not sell the policy they just try make you to purchase a policy for your family 4. There no holiday for bank holidays but it's banca channel 5.worth thing is hdfc bank doesn't like it's own policies and sell other products of tata and birla 6. There is no job security in hdfc life.. company don't remove you but the managers made you to resign So many are there like this

Skill development - Bad

+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

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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HDFC Life Insurance Sales Manager Salary FAQs

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

The average salary of a Insurance Sales Manager at HDFC Life in India typically ranges from ₹1.5 Lakhs to ₹5.8 Lakhs per year, depending on experience (from 1 year to 12 years).

The top 10% of Insurance Sales Manager at HDFC Life earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹5.8 Lakhs per year. Insurance Sales 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 20+ HDFC Life employees in India.

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

The estimated take-home salary of a Insurance Sales Manager at HDFC Life in India typically ranges from ₹23,139 to ₹24,605 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹5.8 Lakhs per year for employees with experience ranging from 1 year to 12 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 20+ 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 Sales Manager in India?

Tata AIA Life Insurance	₹3.5 Lakhs to ₹6.4 Lakhs per year
ICICI Lombard General Insurance Company	₹3.1 Lakhs to ₹7.4 Lakhs per year
Life Insurance Corporation of India	₹2.2 Lakhs to ₹6.0 Lakhs per year
Kotak Mahindara Life Insurance	₹2.2 Lakhs to ₹5.0 Lakhs per year
Bajaj Allianz Life Insurance	₹1.8 Lakhs to ₹5.1 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 Sales Manager in companies similar to HDFC Life in India?

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

HDFC Ergo General Insurance	₹2.7 Lakhs to ₹4.6 Lakhs per year
The Oriental Insurance Co.	₹3.0 Lakhs to ₹4.4 Lakhs per year
SBI Life Insurance Company	₹2.3 Lakhs to ₹3.5 Lakhs per year
Axis Max Life Insurance	₹2.6 Lakhs to ₹4.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.5 Lakhs to ₹3.5 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 Sales Manager at HDFC Life in India?

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

Experience	Average Salary Range
1 year	₹1.5 Lakhs to ₹4.7 Lakhs per year
2 years	₹2.0 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.0 Lakhs to ₹4.0 Lakhs per year
4 years	₹2.3 Lakhs to ₹5.3 Lakhs per year

and so on.

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HDFC Life Insurance Sales Manager Salaries

HDFC Life Insurance Sales Manager salary in India ranges between ₹1.5 Lakh to ₹5.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 HDFC Life latest salaries received from various employees of HDFC Life.