HDFC Life Insurance Service Representative Salaries by 3 Employees

0 - 1 year exp.

₹2.9 Lakhs - ₹3.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

33% more than the average Insurance Service Representative Salary in Insurance Companies for 0 - 1 year of experience

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Last Updated: 12 Aug 2024

Companies similar to HDFC Life for Insurance Service Representative

Company name	Avg Annual Salary	Open Jobs
Life Insurance Corporation of India Insurance Service Representative Salary 1 - 12 years exp. (6 salaries)	₹3 L/yr - ₹5 L/yr 8% more
ICICI Lombard General Insurance Company Insurance Service Representative Salary 3 - 6 years exp. (5 salaries)	₹1.8 L/yr - ₹3.5 L/yr 12% less
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ICICI Prudential Life Insurance Insurance Service Representative Salary 1 - 5 years exp. (4 salaries)	₹0.4 L/yr - ₹3.2 L/yr 39% less
SBI Life Insurance Company Insurance Service Representative Salary 2 - 8 years exp. (3 salaries)	₹2.5 L/yr - ₹3.6 L/yr At par
Insurance Company Insurance Service Representative Salary 0 - 12 years exp. (5 salaries)	₹1 L/yr - ₹4 L/yr 38% less

Insurance Service Representative salary at HDFC Life ranges between ₹2.9 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 3 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Insurance Service Representative salaries

Last Updated: 12 Aug 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
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1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr

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Salary related reviews for HDFC Life

Senior Associate in Machilipatnam

Full Time

Other Department

4.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

Skill development - Excellent

+2 more

Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

Promotions - Poor

Senior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

Salary - Bad

+6 more

Operations Manager in Mumbai

Full Time

Risk Management & Compliance Department

3.0

• posted on 26 Nov 2023

1.0

for Salary and Benefits

Likes

The way they make fool our of you. JD and actual work are really different. Popular statement "I am a really considerate manager".

Job security - Excellent

Dislikes

Usual work day is for about 12 hrs On document Saturday is a non working day but you will be forced to work with out pay. Overtime is a myth Promotion depends upon L1's will. Variable pay is only for MT's and chief manager & above Huge gap in pay at same band.

Salary - Bad

+4 more

Senior Associate in Patna

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 04 Jun 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Low salary structure Unwanted work pressure Dirty politics Zero growth if you're not a politician in the company Non recognition of your good work No incentives even after having huge targets Manual rating system of employees, you will be judged by your amount of buttering not by your performance. Overall very bad work culture

Salary - Bad

+6 more

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.

Job security - Good

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

Salary - Bad

+5 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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HDFC Life Insurance Service Representative Salary FAQs

How the salary growth look like for a Insurance Service Representative at HDFC Life in India?

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

Experience	Average Salary Range
Fresher	₹2.6 Lakhs to ₹3.3 Lakhs per year
1 year	₹2.9 Lakhs to ₹3.7 Lakhs per year

and so on.

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HDFC Life Insurance Service Representative Salaries

HDFC Life Insurance Service Representative salary in India ranges between ₹2.9 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 HDFC Life latest salaries received from various employees of HDFC Life.