HDFC Life Mumbai IT Manager Salaries by 4 Employees

7 - 13 years exp.

₹14 Lakhs - ₹15 Lakhs

Avg. annual salary

Monthly In-hand Salary

5% more than the average IT Manager Salary in Insurance Companies for 7 - 13 years of experience

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Salaries in different departments

IT & Information Security IT Manager Salary 10 years exp. (AmbitionBox Estimate)	₹13.1 L/yr - ₹16 L/yr
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Consulting IT Manager Salary 13 years exp. (AmbitionBox Estimate)	₹12.6 L/yr - ₹15.4 L/yr

Last Updated: 8 Nov 2024

Companies similar to HDFC Life for IT Manager in Mumbai

HDFC Life IT Manager Salary

7 - 13 years exp. (4 salaries)

₹14 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance IT Manager Salary 0 - 14 years exp. (14 salaries)	₹4.7 L/yr - ₹14 L/yr 36% less
HDFC Ergo General Insurance IT Manager Salary 5 - 14 years exp. (9 salaries)	₹8.9 L/yr - ₹15.2 L/yr 6% less
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Aditya Birla Sun Life Insurance IT Manager Salary 0 - 8 years exp. (8 salaries)	₹8.9 L/yr - ₹14.7 L/yr 13% less
Tata AIA Life Insurance IT Manager Salary 7 - 16 years exp. (5 salaries)	₹16.5 L/yr - ₹24.8 L/yr 37% more
SBI Life Insurance Company IT Manager Salary 8 - 21 years exp. (5 salaries)	₹11.9 L/yr - ₹20 L/yr 8% more
ICICI Lombard General Insurance Company IT Manager Salary 8 - 11 years exp. (4 salaries)	₹10.1 L/yr - ₹16.1 L/yr At par
Reliance Nippon Life Insurance IT Manager Salary 8 - 10 years exp. (3 salaries)	₹9.9 L/yr - ₹12.7 L/yr 25% less
Aditya Birla Insurance Brokers IT Manager Salary 6 - 10 years exp. (3 salaries)	₹6.9 L/yr - ₹9 L/yr 48% less

IT Manager salary at HDFC Life ranges between ₹14 Lakhs to ₹15 Lakhs per year for employees with experience between 7 years to 13 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life IT Manager salaries in Mumbai

Last Updated: 8 Nov 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
8 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
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10 years (AmbitionBox Estimate)	₹13.1 L/yr - ₹16.7 L/yr
13 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr

Similar Designation salaries in HDFC Life

Deputy Manager Salary

(425 salaries)

₹3.5 L/yr - ₹13 L/yr

Project Manager Salary

(16 salaries)

₹6.56 L/yr - ₹16.5 L/yr

Operations Manager Salary

(9 salaries)

₹1.45 L/yr - ₹10 L/yr

Team Lead Salary

(5 salaries)

₹3.26 L/yr - ₹7 L/yr

Top skills at HDFC Life for IT Manager

Negotiation Vendor Selection IT Procurement Sourcing Strategy

Salary related reviews for HDFC Life

1.0

Rated by 2 employees for salary & benefits

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 IT Manager Salary FAQs

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

The average salary of a IT Manager at HDFC Life in Mumbai typically ranges from ₹14.0 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 7 years to 13 years).

The top 10% of IT Manager in Mumbai at HDFC Life earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. IT 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 4 HDFC Life employees in India.

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

The estimated take-home salary of a IT Manager at HDFC Life in Mumbai typically ranges from ₹1,01,340 to ₹1,04,105 per month. This is based on the average salary range of ₹14.0 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 7 years to 13 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 4 salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a IT Manager at HDFC Life in Mumbai?

To be a IT Manager at HDFC Life in Mumbai, the key skills required include:

- Negotiation
- Vendor Selection
- IT Procurement
- Sourcing Strategy

These skills are highly valued at HDFC Life and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than HDFC Life for IT Manager in India?

Tata AIA Life Insurance	₹16.5 Lakhs to ₹24.8 Lakhs per year
SBI Life Insurance Company	₹11.9 Lakhs to ₹20.0 Lakhs per year
ICICI Lombard General Insurance Company	₹10.1 Lakhs to ₹16.1 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 IT Manager in companies similar to HDFC Life in Mumbai?

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

HDFC Ergo General Insurance	₹8.9 Lakhs to ₹15.2 Lakhs per year
Aditya Birla Sun Life Insurance	₹8.9 Lakhs to ₹14.7 Lakhs per year
Reliance Nippon Life Insurance	₹9.9 Lakhs to ₹12.7 Lakhs per year
ICICI Prudential Life Insurance	₹4.7 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Insurance Brokers	₹6.9 Lakhs to ₹9.0 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 IT Manager at HDFC Life in Mumbai?

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

Experience	Average Salary Range
7 years	₹13.5 Lakhs to ₹17.2 Lakhs per year
8 years	₹13.5 Lakhs to ₹17.2 Lakhs per year
10 years	₹13.1 Lakhs to ₹16.7 Lakhs per year
13 years	₹12.6 Lakhs to ₹16.1 Lakhs per year

and so on.

Tell us how to improve this page.

HDFC Life IT Manager salary in Mumbai ranges between ₹14 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDFC Life latest salaries received from various employees of HDFC Life.

HDFC Life IT Manager salaries in Mumbai

Companies similar to HDFC Life for IT Manager in Mumbai

Latest annual salaries shared by HDFC Life IT Manager in Mumbai

Experience wise HDFC Life IT Manager salaries in Mumbai

Similar Designation salaries in HDFC Life

Top skills at HDFC Life for IT Manager

Salary related reviews for HDFC Life

Senior Associate in Machilipatnam

Senior Associate in Mumbai

Operations Manager in Mumbai

Senior Associate in Patna

Deputy Manager in Mumbai

HDFC Life IT Manager Salary FAQs

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