HDFC Life Mumbai Management Trainee Salaries by 70+ Employees (Updated 2025)

0 - 3 years exp.

₹5 Lakhs - ₹15 Lakhs

Salary of majority employees

Fixed (82%)

₹8.3 Lakhs

Variable (18%)

₹1.9 Lakh

11% more than the average Management Trainee Salary in Insurance Companies for 0 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading Management Trainee Salary 0 - 3 years exp. (16 salaries)	₹7.8 L/yr - ₹12 L/yr
Sales & Business Development Management Trainee Salary 0 - 3 years exp. (10 salaries)	₹9.8 L/yr - ₹12 L/yr
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Customer Success, Service & Operations Management Trainee Salary 0 - 3 years exp. (6 salaries)	₹8 L/yr - ₹12 L/yr
Data Science & Analytics Management Trainee Salary 0 - 3 years exp. (6 salaries)	₹9.8 L/yr - ₹12 L/yr
Project & Program Management Management Trainee Salary 0 - 2 years exp. (6 salaries)	₹9.5 L/yr - ₹12 L/yr

View all

Last Updated: 17 Feb 2025

Companies similar to HDFC Life for Management Trainee in Mumbai

HDFC Life Management Trainee Salary

0 - 3 years exp. (76 salaries)

₹5 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Management Trainee Salary 0 - 3 years exp. (43 salaries)	₹5 L/yr - ₹9.6 L/yr 33% less
SBI Life Insurance Company Management Trainee Salary 0 - 3 years exp. (6 salaries)	₹5.3 L/yr - ₹10.5 L/yr 22% less
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Axis Max Life Insurance Management Trainee Salary 2 - 4 years exp. (3 salaries)	₹21.2 L/yr - ₹22 L/yr 108% more
Bajaj Allianz Life Insurance Management Trainee Salary 0 - 4 years exp. (10 salaries)	₹4 L/yr - ₹8.3 L/yr 31% less
Tata AIA Life Insurance Management Trainee Salary 0 - 5 years exp. (31 salaries)	₹9 L/yr - ₹20 L/yr 36% more
ICICI Lombard General Insurance Company Management Trainee Salary 0 - 2 years exp. (44 salaries)	₹4.2 L/yr - ₹10.4 L/yr 23% less
Kotak Mahindara Life Insurance Management Trainee Salary 0 - 2 years exp. (18 salaries)	₹3 L/yr - ₹7 L/yr 60% less
Aditya Birla Sun Life Insurance Management Trainee Salary 0 - 2 years exp. (9 salaries)	₹7 L/yr - ₹15 L/yr 12% more
SBI General Insurance Management Trainee Salary 1 - 4 years exp. (7 salaries)	₹9 L/yr - ₹13 L/yr 7% less
HDFC Ergo General Insurance Management Trainee Salary 0 - 1 year exp. (5 salaries)	₹6 L/yr - ₹14.8 L/yr 15% more

Management Trainee salary at HDFC Life ranges between ₹5 Lakhs to ₹15 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 76 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Management Trainee salaries in Mumbai

Last Updated: 17 Feb 2025

Experience	Avg Annual Salary
Fresher (31 salaries)	₹7.8 L/yr - ₹12 L/yr
1 year (26 salaries)	₹9.5 L/yr - ₹12 L/yr
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2 years (14 salaries)	₹5 L/yr - ₹13 L/yr
3 years (5 salaries)	₹9 L/yr - ₹15 L/yr

Similar Designation salaries in HDFC Life

Senior Associate Salary

(499 salaries)

₹1.05 L/yr - ₹4.6 L/yr

Deputy Manager Salary

(474 salaries)

₹3.5 L/yr - ₹14.4 L/yr

Process Associate Salary

(5 salaries)

₹1.45 L/yr - ₹2.45 L/yr

Team Lead Salary

(5 salaries)

₹3.26 L/yr - ₹7 L/yr

Salary related reviews for HDFC Life

3.3

Rated by 6 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

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

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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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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HDFC Life Management Trainee Salary FAQs

What is the salary of Management Trainee at HDFC Life Mumbai?

Management Trainee salary at HDFC Life in Mumbai ranges between ₹5.0 Lakhs to ₹15.0 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 11% more than the average Management Trainee Salary in India. Salary estimates are based on 76 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Management Trainee at HDFC Life is 11% more than the average salary of a Management Trainee in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Life to a Management Trainee in Mumbai?

Axis Max Life Insurance Management Trainee Salary - ₹21.2 Lakhs to ₹22.0 Lakhs per year
Tata AIA Life Insurance Management Trainee Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
HDFC Ergo General Insurance Management Trainee Salary - ₹6.0 Lakhs to ₹14.8 Lakhs per year
Aditya Birla Sun Life Insurance Management Trainee Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year

What is the salary of a Management Trainee in companies similar to HDFC Life in Mumbai?

SBI General Insurance Management Trainee Salary - ₹9.0 Lakhs to ₹13.0 Lakhs per year
SBI Life Insurance Company Management Trainee Salary - ₹5.3 Lakhs to ₹10.5 Lakhs per year
ICICI Lombard General Insurance Company Management Trainee Salary - ₹4.2 Lakhs to ₹10.4 Lakhs per year
Bajaj Allianz Life Insurance Management Trainee Salary - ₹4.0 Lakhs to ₹8.3 Lakhs per year
ICICI Prudential Life Insurance Management Trainee Salary - ₹5.0 Lakhs to ₹9.6 Lakhs per year

What is the estimated take home salary of a Management Trainee at HDFC Life in Mumbai?

The estimated take-home salary of a Management Trainee at HDFC Life ranges between ₹73,393 per month to ₹75,288 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Management Trainee salary in India which ranges between ₹5.0 Lakhs to ₹15.0 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?

What is the notice period for Management Trainee at HDFC Life in Mumbai?

According to AmbitionBox, 73% of the HDFC Life Management Trainees in Mumbai reported a notice period of 1 Month, 19% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 26 responses on AmbitionBox in last 2 years.

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HDFC Life Management Trainee Salaries in Mumbai

HDFC Life Management Trainee salary in Mumbai ranges between ₹5 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 76 HDFC Life latest salaries received from various employees of HDFC Life.