HDFC Life Mumbai Manager Salaries by 200+ Employees (Updated 2025)

1 - 16 years exp.

₹5.8 Lakhs - ₹16 Lakhs

Salary of majority employees

42% less than the average Manager Salary in Insurance Companies for 1 - 16 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Manager Salary 1 - 16 years exp. (48 salaries)	₹6.5 L/yr - ₹14.7 L/yr
Customer Success, Service & Operations Manager Salary 1 - 15 years exp. (30 salaries)	₹5.1 L/yr - ₹14.9 L/yr
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Finance & Accounting Manager Salary 1 - 15 years exp. (25 salaries)	₹6.4 L/yr - ₹15.1 L/yr
Project & Program Management Manager Salary 1 - 12 years exp. (25 salaries)	₹5.5 L/yr - ₹19 L/yr
Sales & Business Development Manager Salary 2 - 15 years exp. (22 salaries)	₹3.5 L/yr - ₹15 L/yr

View all

Last Updated: 27 Jan 2025

Companies similar to HDFC Life for Manager in Mumbai

HDFC Life Manager Salary

1 - 16 years exp. (264 salaries)

₹5.8 L/yr - ₹16 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Manager Salary 1 - 13 years exp. (179 salaries)	₹3.4 L/yr - ₹14.2 L/yr 15% less
SBI Life Insurance Company Manager Salary 3 - 20 years exp. (159 salaries)	₹5.2 L/yr - ₹17 L/yr 20% more
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Max Life Insurance Manager Salary 5 - 16 years exp. (19 salaries)	₹4 L/yr - ₹15 L/yr 4% less	11 job openings
Tata AIA Life Insurance Manager Salary 4 - 18 years exp. (162 salaries)	₹6.7 L/yr - ₹28 L/yr 72% more	16 job openings
Bajaj Allianz Life Insurance Manager Salary 3 - 17 years exp. (37 salaries)	₹8.4 L/yr - ₹18.5 L/yr 37% more
Kotak Mahindara Life Insurance Manager Salary 0 - 12 years exp. (243 salaries)	₹3 L/yr - ₹8.5 L/yr 42% less
Reliance Nippon Life Insurance Manager Salary 2 - 17 years exp. (69 salaries)	₹3.2 L/yr - ₹13 L/yr 20% less
Aviva Life Insurance India Manager Salary 3 - 14 years exp. (4 salaries)	₹7.5 L/yr - ₹14 L/yr 11% more
Bharti AXA Life Insurance Manager Salary 3 - 16 years exp. (67 salaries)	₹6.5 L/yr - ₹17.4 L/yr 37% more
PNB MetLife Manager Salary 6 - 17 years exp. (35 salaries)	₹4.7 L/yr - ₹15.5 L/yr 17% more	4 job openings
HDFC Ergo General Insurance Manager Salary 4 - 16 years exp. (151 salaries)	₹4.5 L/yr - ₹15 L/yr 6% more
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ICICI Lombard General Insurance Company Manager Salary 0 - 14 years exp. (126 salaries)	₹3.5 L/yr - ₹12 L/yr 28% less
Aditya Birla Sun Life Insurance Manager Salary 0 - 12 years exp. (108 salaries)	₹5 L/yr - ₹18 L/yr 12% more
Aditya Birla Insurance Brokers Manager Salary 5 - 17 years exp. (30 salaries)	₹5.1 L/yr - ₹15 L/yr 5% less
Kotak Mahindra General Insurance Manager Salary 4 - 12 years exp. (26 salaries)	₹3.8 L/yr - ₹8.5 L/yr 28% less
Care Health Insurance Manager Salary 0 - 10 years exp. (8 salaries)	₹3.4 L/yr - ₹7 L/yr 46% less	1 job opening
Gallagher Manager Salary 8 - 13 years exp. (3 salaries)	₹10.1 L/yr - ₹14 L/yr 21% more	1 job opening
Star Health & Allied Insurance Manager Salary 1 - 8 years exp. (3 salaries)	₹3.2 L/yr - ₹8 L/yr 32% less

Manager salary at HDFC Life ranges between ₹5.8 Lakhs to ₹16 Lakhs per year for employees with experience between 1 year to 16 years. Salary estimates are based on 264 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Manager salaries in Mumbai

Last Updated: 27 Jan 2025

Experience	Avg Annual Salary
1 year (14 salaries)	₹5.1 L/yr - ₹15 L/yr
2 years (30 salaries)	₹10 L/yr - ₹16 L/yr
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3 years (36 salaries)	₹10 L/yr - ₹17.5 L/yr
4 years (24 salaries)	₹8.4 L/yr - ₹16.7 L/yr
5 years (21 salaries)	₹5.5 L/yr - ₹16.6 L/yr
6 years (25 salaries)	₹4.5 L/yr - ₹15.3 L/yr
7 years (12 salaries)	₹6.5 L/yr - ₹15.1 L/yr
8 years (25 salaries)	₹6.1 L/yr - ₹16.4 L/yr
9 years (10 salaries)	₹6.5 L/yr - ₹15 L/yr
10 years (18 salaries)	₹7.8 L/yr - ₹14 L/yr
11 years (11 salaries)	₹7.5 L/yr - ₹15 L/yr
12 years (12 salaries)	₹6.1 L/yr - ₹12.8 L/yr
13 years (7 salaries)	₹6.1 L/yr - ₹12 L/yr
14 years (8 salaries)	₹6 L/yr - ₹13.5 L/yr
15+ years (11 salaries)	₹5.5 L/yr - ₹13.4 L/yr

View all

From

Manager

₹

Lakhs/yr

1 - 16 years exp.

Chief Manager

₹

Lakhs/yr

5 - 20 years exp.

Manager 1 - 16 years exp.

Senior Manager 2 - 18 years exp.

55% hike

Chief Manager 5 - 20 years exp.

62% 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

Senior Associate Salary

(488 salaries)

₹1 L/yr - ₹4.6 L/yr

Deputy Manager Salary

(428 salaries)

₹3.5 L/yr - ₹14.4 L/yr

Management Trainee Salary

(74 salaries)

₹5 L/yr - ₹15 L/yr

Audit Manager Salary

(10 salaries)

₹15.6 L/yr - ₹15.6 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

3.0

Rated by 27 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.

Job security - Excellent

+1 more

Dislikes

Salary and appraisal are below than average.

Salary - Poor

+1 more

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

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

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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HDFC Life Manager Salary FAQs

What is the salary of Manager at HDFC Life Mumbai?

Manager salary at HDFC Life in Mumbai ranges between ₹5.8 Lakhs to ₹16.0 Lakhs for experience between 1 years to 16 years. According to our estimates it is 42% less than the average Manager Salary in India. Salary estimates are based on 264 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Manager at HDFC Life is 42% less than the average salary of a Manager in Mumbai. 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 Mumbai.

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

Tata AIA Life Insurance Manager Salary - ₹6.7 Lakhs to ₹28.0 Lakhs per year
Bharti AXA Life Insurance Manager Salary - ₹6.5 Lakhs to ₹17.4 Lakhs per year
Bajaj Allianz Life Insurance Manager Salary - ₹8.4 Lakhs to ₹18.5 Lakhs per year
Gallagher Manager Salary - ₹10.1 Lakhs to ₹14.0 Lakhs per year
SBI Life Insurance Company Manager Salary - ₹5.2 Lakhs to ₹17.0 Lakhs per year

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

PNB MetLife Manager Salary - ₹4.7 Lakhs to ₹15.5 Lakhs per year
Aditya Birla Sun Life Insurance Manager Salary - ₹5.0 Lakhs to ₹18.0 Lakhs per year
Aviva Life Insurance India Manager Salary - ₹7.5 Lakhs to ₹14.0 Lakhs per year
HDFC Ergo General Insurance Manager Salary - ₹4.5 Lakhs to ₹15.0 Lakhs per year
Max Life Insurance Manager Salary - ₹4.0 Lakhs to ₹15.0 Lakhs per year

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

The estimated take-home salary of a Manager at HDFC Life ranges between ₹68,951 per month to ₹70,721 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Manager salary in India which ranges between ₹5.8 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 in Mumbai?

According to AmbitionBox, 67% of the HDFC Life Managers in Mumbai reported a notice period of 3 Months, 18% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 138 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

HDFC Life Manager salary in Mumbai ranges between ₹5.8 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 264 HDFC Life latest salaries received from various employees of HDFC Life.

HDFC Life Manager salaries in Mumbai

Companies similar to HDFC Life for Manager in Mumbai

Latest annual salaries shared by HDFC Life Manager in Mumbai

Experience wise HDFC Life Manager salaries in Mumbai

Similar Designation salaries in HDFC Life

Top skills at HDFC Life for Manager

Salary related reviews for HDFC Life

Manager in Mumbai

Senior Associate in Machilipatnam

Senior Associate in Mumbai

Senior Associate in Patna

Deputy Manager in Mumbai

HDFC Life Manager Salary FAQs

Tell us how to improve this page.