HDFC Life Mumbai Manager M1 Salaries by 2 Employees (Updated 2025)

1 - 12 years exp.

₹8.3 Lakhs - ₹10.6 Lakhs

Low Confidence

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Last Updated: 13 Sep 2022

Companies similar to HDFC Life for Manager M1 in Mumbai

HDFC Life Manager M1 Salary

1 - 12 years exp. (AmbitionBox Estimate)

₹8.3 L/yr - ₹10.6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Manager M1 Salary 1 - 11 years exp. (26 salaries)	₹6 L/yr - ₹9.5 L/yr 17% less
SBI Life Insurance Company Manager M1 Salary 3 - 17 years exp. (3 salaries)	₹8.6 L/yr - ₹11.6 L/yr 15% more
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Aditya Birla Sun Life Insurance Manager M1 Salary 6 - 14 years exp. (4 salaries)	₹8.4 L/yr - ₹9.3 L/yr 5% less
HDFC Ergo General Insurance Manager M1 Salary 5 - 10 years exp. (8 salaries)	₹8.5 L/yr - ₹14 L/yr 3% more
ICICI Lombard General Insurance Company Manager M1 Salary 2 - 3 years exp. (3 salaries)	₹6.5 L/yr - ₹6.7 L/yr 28% less

Manager M1 salary at HDFC Life ranges between ₹8.3 Lakhs to ₹10.6 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 2 latest salaries received from various employees of HDFC Life.

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Salary related reviews for HDFC Life

2.0

Rated by 1 employees for salary & benefits

Business Development Manager in Vasai-Virar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 30 May 2024

3.0

for Salary and Benefits

Likes

You get salary on time.

Dislikes

Late night sitting unnecessarily, Rude and rough language usage by bosses inspite of men or women, Depreciation, Don't follow code of conduct,Don't respect staffs ,only business and results, lack of co-operation and team work, Insist for hard drinks ,Bad behaviour, don't get leave if you don't perform, bias nature.

Work satisfaction - Bad

+2 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

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

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

Deputy Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 07 Aug 2023

2.0

for Salary and Benefits

Dislikes

... Saturday and Sunday off as they have mentioned holiday at the time of joining. Also I feel there is discrimination in salary increament policy and working time among employees.

Salary - Poor

+3 more

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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HDFC Life Manager M1 salary in Mumbai ranges between ₹8.3 Lakhs to ₹10.6 Lakhs. This is an estimate based on latest salaries received from employees of HDFC Life.

HDFC Life Manager M1 salaries in Mumbai

Companies similar to HDFC Life for Manager M1 in Mumbai

Similar Designation salaries in HDFC Life

Salary related reviews for HDFC Life

Business Development Manager in Vasai-Virar

Operations Manager in Mumbai

Relationship Manager in Bhubaneswar

Deputy Manager in Mumbai

Deputy Manager in Mumbai

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