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HDFC Life

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4.0

based on 8.5k Reviews

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HDFC Life Manager salaries in India

Annual salary range
1 - 16 years exp.
₹4.5 Lakhs - ₹16 Lakhs
Salary of majority employees
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44% less than the average Manager Salary in Insurance Companies for 1 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager Salary
1 - 16 years exp. (86 salaries)
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₹4 L/yr - ₹14.7 L/yr

Customer Success, Service & Operations
Manager Salary
1 - 16 years exp. (49 salaries)
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₹4.5 L/yr - ₹14 L/yr

Sales & Business Development
Manager Salary
2 - 15 years exp. (45 salaries)
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₹3.5 L/yr - ₹14.5 L/yr

Finance & Accounting
Manager Salary
1 - 15 years exp. (34 salaries)
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₹3.8 L/yr - ₹15.1 L/yr

Project & Program Management
Manager Salary
1 - 12 years exp. (29 salaries)
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₹5.5 L/yr - ₹19 L/yr

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Last Updated: 18 Dec 2024

Companies similar to HDFC Life for Manager

Company name Avg Annual Salary Open Jobs
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ICICI Prudential Life Insurance Manager Salary

1 - 13 years exp. (358 salaries)
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₹2.8 L/yr - ₹12 L/yr

arrow icon 19% less
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SBI Life Insurance Company Manager Salary

3 - 20 years exp. (316 salaries)
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₹4.3 L/yr - ₹17.5 L/yr

arrow icon 14% more
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Max Life Insurance Manager Salary

4 - 15 years exp. (294 salaries)
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₹4.2 L/yr - ₹15.5 L/yr

arrow icon 3% less
 9 job openings
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Tata AIA Life Insurance Manager Salary

4 - 18 years exp. (251 salaries)
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₹6.8 L/yr - ₹25.4 L/yr

arrow icon 58% more
 19 job openings
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Bajaj Allianz Life Insurance Manager Salary

2 - 18 years exp. (185 salaries)
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₹5.1 L/yr - ₹22 L/yr

arrow icon 39% more
 1 job opening
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Kotak Mahindara Life Insurance Manager Salary

0 - 12 years exp. (580 salaries)
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₹2.4 L/yr - ₹8.5 L/yr

arrow icon 42% less
 3 job openings
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Reliance Nippon Life Insurance Manager Salary

2 - 16 years exp. (121 salaries)
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₹1.2 L/yr - ₹10 L/yr

arrow icon 40% less
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Aviva Life Insurance India Manager Salary

3 - 14 years exp. (54 salaries)
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₹7 L/yr - ₹17.6 L/yr

arrow icon 18% more
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Bharti AXA Life Insurance Manager Salary

2 - 16 years exp. (121 salaries)
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₹4.7 L/yr - ₹18 L/yr

arrow icon 20% more
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PNB MetLife Manager Salary

5 - 17 years exp. (78 salaries)
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₹4.2 L/yr - ₹15.5 L/yr

arrow icon 10% more
 1 job opening
View all
Manager salary at HDFC Life ranges between ₹4.5 Lakhs to ₹16 Lakhs per year for employees with experience between 1 year to 16 years. Salary estimates are based on 420 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Manager

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16 years exp.
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Experience wise HDFC Life Manager salaries

Last Updated: 18 Dec 2024

Experience Avg Annual Salary
1 year  (19 salaries)

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₹5.1 L/yr - ₹15 L/yr
2 years  (42 salaries)

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₹4.5 L/yr - ₹16 L/yr
3 years  (47 salaries)

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₹5 L/yr - ₹17.5 L/yr
4 years  (38 salaries)

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₹4.9 L/yr - ₹16.7 L/yr
5 years  (32 salaries)

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₹4 L/yr - ₹15.7 L/yr
View all
HDFC Life Manager Salary and Career Growth

From

To

Manager

₹unlock blur Lakhs/yr

1 - 16 years exp.

Chief Manager

₹unlock blur Lakhs/yr

5 - 20 years exp.

Manager 1 - 16 years exp.
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Senior Manager 2 - 18 years exp.
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arrow icon 53% hike
    Chief Manager 5 - 20 years exp.
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    arrow icon 64% hike
    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

    Similar Designation salaries in HDFC Life

    Audit Manager Salary
    (10 salaries)
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    ₹15.6 L/yr - ₹15.6 L/yr
    Credit Manager Salary
    (4 salaries)
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    Deputy Manager Salary
    (737 salaries)
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    ₹3.5 L/yr - ₹12.1 L/yr
    Finance Manager Salary
    (12 salaries)
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    ₹2.3 L/yr - ₹4.5 L/yr
    Management Trainee Salary
    (172 salaries)
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    ₹4.5 L/yr - ₹15 L/yr
    Senior Analyst Salary
    (6 salaries)
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    ₹3.5 L/yr - ₹4.6 L/yr
    Senior Associate Salary
    (771 salaries)
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    ₹1.1 L/yr - ₹4.7 L/yr
    Financial Analyst Salary
    (10 salaries)
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    ₹2.4 L/yr - ₹7.45 L/yr
    Audit Executive Salary
    (AmbitionBox Estimate)
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    ₹1.8 L/yr - ₹2.3 L/yr
    Associate Director Salary
    (AmbitionBox Estimate)
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    ₹22.5 L/yr - ₹28.7 L/yr

    Top skills at HDFC Life for Manager

    Project Management Life Insurance Process Re - engineering Sales Strategy Sales

    Salary related reviews for HDFC Life

    3.3

    Rated by 69 employees for salary & benefits

    Manager in Mumbai

    Full Time

     · 

    Human Resources Department

    4.0
      •  posted on 23 Feb 2023
    2.0
     for  Salary and Benefits

    Likes

    ...so sharing my experience. Good environment until you are not in notice period. Salary on time. Job security. Work from home.

    read more

    Dislikes

    Salary and appraisal are below than average.

    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.

    read 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.

    read more

    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.

    read 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

    read 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.

    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

    read more
    see more salary related reviews

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    Salary Discussions, Hike & Promotions
    1w
    a technical project manager
    Deadend
    Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?
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    HDFC Life Manager Salary FAQs

    What is the salary of Manager at HDFC Life?
    Manager salary at HDFC Life in India ranges between ₹4.5 Lakhs to ₹16.0 Lakhs for experience between 1 years to 16 years. According to our estimates it is 44% less than the average Manager Salary in India. Salary estimates are based on 420 latest salaries received from various employees of HDFC Life India.
    How does the salary of a Manager at HDFC Life India compare with the average salary range for this job?
    The average salary of a Manager at HDFC Life is 44% less than the average salary of a Manager in India. To know exact salary insights, login to view.
    What are the top skills required to work as a Manager at HDFC Life?
    Project Management, Life Insurance, Process Re - engineering, Sales Strategy and Sales are some of the popular skills required to work as a Manager at HDFC Life India.
    Which similar companies are paying more than HDFC Life to a Manager in India?
    • AXA Manager Salary - ₹15.0 Lakhs to ₹34.5 Lakhs per year
    • Empower Manager Salary - ₹12.3 Lakhs to ₹38.0 Lakhs per year
    • XL Catlin Manager Salary - ₹13.0 Lakhs to ₹27.0 Lakhs per year
    • United India Insurance Company Manager Salary - ₹10.0 Lakhs to ₹26.0 Lakhs per year
    • The New India Assurance Co. Manager Salary - ₹14.0 Lakhs to ₹24.0 Lakhs per year
    What is the salary of a Manager in companies similar to HDFC Life in India?
    • Swiss Re Manager Salary - ₹13.6 Lakhs to ₹21.0 Lakhs per year
    • Maruti Insurance Broking Manager Salary - ₹11.4 Lakhs to ₹21.0 Lakhs per year
    • The Oriental Insurance Co. Manager Salary - ₹5.8 Lakhs to ₹20.0 Lakhs per year
    • AIG Manager Salary - ₹9.0 Lakhs to ₹22.0 Lakhs per year
    • Tata AIA Life Insurance Manager Salary - ₹6.8 Lakhs to ₹25.4 Lakhs per year
    What is the estimated take home salary of a Manager at HDFC Life in India?
    The estimated take-home salary of a Manager at HDFC Life ranges between ₹66,213 per month to ₹67,906 per month in India. The take-home salary calculation is based on the average HDFC Life Manager salary in India which ranges between ₹4.5 Lakhs to ₹16.0 Lakhs per year for employees with experience between 1 years to 16 years. Check how did we calculate take home salary?
    What is the notice period for Manager at HDFC Life?
    According to AmbitionBox, 49% of the HDFC Life Managers reported a notice period of 3 Months, 28% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 356 responses on AmbitionBox in last 2 years.

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    HDFC Life Manager Salaries by Location

    HDFC Life Manager salary in India ranges between ₹4.5 Lakhs to ₹16 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 420 HDFC Life latest salaries received from various employees of HDFC Life.