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HDFC Life Insurance Sales Manager salaries in India

Annual salary range
1 - 12 years exp.
₹1.5 Lakh - ₹5.8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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

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Salaries in different departments

BFSI, Investments & Trading
Insurance Sales Manager Salary
3 - 12 years exp. (6 salaries)
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₹2.4 L/yr - ₹5.8 L/yr

Sales & Business Development
Insurance Sales Manager Salary
1 - 3 years exp. (4 salaries)
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₹1.5 L/yr - ₹3.7 L/yr

Finance & Accounting
Insurance Sales Manager Salary
3 - 6 years exp. (AmbitionBox Estimate)
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₹2.2 L/yr - ₹3.7 L/yr

Customer Success, Service & Operations
Insurance Sales Manager Salary
3 years exp. (AmbitionBox Estimate)
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₹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
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₹3.5 L/yr - ₹6.4 L/yr

arrow icon 64% more
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₹2.5 L/yr - ₹3.5 L/yr

arrow icon 7% less
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₹2.6 L/yr - ₹4 L/yr

arrow icon 3% less
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₹1.8 L/yr - ₹5.1 L/yr

arrow icon 17% more
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₹2.2 L/yr - ₹3 L/yr

arrow icon 22% less
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₹2.2 L/yr - ₹5 L/yr

arrow icon 20% more
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₹2.1 L/yr - ₹3.5 L/yr

arrow icon 14% less
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₹2.2 L/yr - ₹6 L/yr

arrow icon 25% more
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₹2.3 L/yr - ₹3.5 L/yr

arrow icon 2% less
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₹1.7 L/yr - ₹3 L/yr

arrow icon 26% less
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₹3.1 L/yr - ₹7.4 L/yr

arrow icon 45% more
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₹2.7 L/yr - ₹4.6 L/yr

arrow icon 11% more
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PNB MetLife Insurance Sales Manager Salary

1 - 4 years exp. (4 salaries)

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₹1.5 L/yr - ₹4 L/yr

arrow icon 19% less
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₹2.2 L/yr - ₹2.8 L/yr

arrow icon 25% less
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₹3 L/yr - ₹4.4 L/yr

arrow icon 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.

Latest annual salaries shared by HDFC Life Insurance Sales Manager

11mo ago
₹2.8 Lakhs
7 years exp.
11mo ago
₹3 Lakhs
3 years exp.
11mo ago
₹3 Lakhs
2 years exp.
11mo ago
₹5.8 Lakhs
12 years exp.
11mo ago
₹2.8 Lakhs
3 years exp.
1y ago
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2 years exp.
1y ago
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1 year exp.
1y ago
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2 years exp.
1y ago
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3 years exp.
1y ago
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5 years exp.

Experience wise HDFC Life Insurance Sales Manager salaries

Last Updated: 17 Jan 2024

Experience Avg Annual Salary
1 year  (3 salaries)

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₹1.5 L/yr - ₹4.7 L/yr
2 years  (3 salaries)

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₹2 L/yr - ₹3 L/yr
3 years  (10 salaries)

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₹2 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)

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₹2.3 L/yr - ₹5.3 L/yr
5 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹4.2 L/yr
View all

Similar Designation salaries in HDFC Life

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₹2.75 L/yr - ₹6 L/yr
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₹1.8 L/yr - ₹5.08 L/yr
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₹3 L/yr - ₹7 L/yr
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₹1.45 L/yr - ₹4.6 L/yr
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₹1.7 L/yr - ₹5 L/yr
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₹2 L/yr - ₹5 L/yr
Cluster Manager Salary
(306 salaries)
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₹5.25 L/yr - ₹12.65 L/yr
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₹2.25 L/yr - ₹6.5 L/yr
Branch Manager Salary
(259 salaries)
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₹5.25 L/yr - ₹12.5 L/yr
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₹5.5 L/yr - ₹13.85 L/yr

Salary related reviews for HDFC Life

4.2

Rated by 9 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 13 Mar 2025

3.0
 for  Salary and Benefits

Likes

Job security is the thing which i can say is good. Working culture is somewhat good.

  • Skill development - Good
  • +3 more

Dislikes

Salary hike is not so good like 4 to 5 percent annually only. There is no skill development options, you have to go in the morning and come back at the evening and this happens daily nothing new.

read more

Full Time

 · 

Sales & Business Development Department

4.0
  •  posted on 28 Feb 2025

3.0
 for  Salary and Benefits

Likes

In HDFC Life There is time to work life balance. There is no more such pressure about Targets (Depends upon L1 Manager). The brand value is easy to convert among competitors.

read more
  • Job security - Excellent
  • +3 more

Dislikes

Salary is very low which is mentioned in payslip. Even HR also didn't know about employees salary. HR department is very week and they didn't care about employees. Very worst department in HDFC LIFE.

read more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 09 Feb 2025

4.0
 for  Salary and Benefits

Likes

Salary credited process is very good Working culture is Average good

  • Salary - Good
  • +1 more

Dislikes

HR is very irresponsible or no one Hr's not responding any reply by call or emails, they ignoring all employees calls, messages and emails...

read more
  • Job security - Poor
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 27 Jan 2025

1.0
 for  Salary and Benefits

Likes

There is nothing to like about this company

Dislikes

HDFC Life primarily exploits its employees by imposing excessive work pressure and making unnecessary salary deductions. They promise promotions twice a year, but these commitments are often ignored due to office politics. There is a notable lack of job security, and the company does not provide any training during the induction process. Employees are expected to perform tasks without proper guidance. The company culture is poor; it relies solely on its brand name while subjecting employees to undue stress. There is a lack of transparency regarding targets and achievements, leading to significant mental pressure. As a result, the work-life balance is severely affected, and most employees do not feel valued in this environment.

read more
  • Salary - Bad
  • +6 more

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

read more
  • Promotions - Bad
  • +2 more
see more salary related reviews

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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.

Tell us how to improve this page.

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