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HDFC Life

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HDFC Life Manager salaries in Mumbai (Updated 2025)

Annual salary range
2 - 16 years exp.
₹5.9 Lakhs - ₹16 Lakhs
Salary of majority employees
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41% less than the average Manager Salary in Insurance Companies for 2 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Manager Salary
2 - 16 years exp. (47 salaries)
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₹6.5 L/yr - ₹14.7 L/yr

Customer Success, Service & Operations
Manager Salary
2 - 15 years exp. (27 salaries)
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₹5.9 L/yr - ₹16 L/yr

Project & Program Management
Manager Salary
2 - 12 years exp. (24 salaries)
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₹5.5 L/yr - ₹19 L/yr

Finance & Accounting
Manager Salary
3 - 15 years exp. (23 salaries)
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₹6.4 L/yr - ₹15.1 L/yr

Sales & Business Development
Manager Salary
2 - 15 years exp. (23 salaries)
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₹4.2 L/yr - ₹15.5 L/yr

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Last Updated: 5 Mar 2025

Companies similar to HDFC Life for Manager in Mumbai

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HDFC Life Manager Salary

2 - 16 years exp. (282 salaries)

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₹5.9 L/yr - ₹16 L/yr

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

1 - 13 years exp. (180 salaries)

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₹3.4 L/yr - ₹13.9 L/yr

arrow icon 15% less
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SBI Life Insurance Company Manager Salary

3 - 20 years exp. (160 salaries)

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₹5.5 L/yr - ₹18 L/yr

arrow icon 22% more
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Axis Max Life Insurance Manager Salary

5 - 16 years exp. (20 salaries)

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₹4 L/yr - ₹15 L/yr

arrow icon 11% less
8 job openings
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Tata AIA Life Insurance Manager Salary

4 - 18 years exp. (165 salaries)

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₹6.7 L/yr - ₹28 L/yr

arrow icon 66% more
3 job openings
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Bajaj Allianz Life Insurance Manager Salary

3 - 17 years exp. (37 salaries)

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₹8.9 L/yr - ₹18.5 L/yr

arrow icon 36% more
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Kotak Mahindara Life Insurance Manager Salary

0 - 12 years exp. (244 salaries)

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₹2.4 L/yr - ₹8.5 L/yr

arrow icon 44% less
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Reliance Nippon Life Insurance Manager Salary

2 - 18 years exp. (65 salaries)

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₹3.2 L/yr - ₹11.8 L/yr

arrow icon 26% less
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Aviva Life Insurance India Manager Salary

3 - 14 years exp. (4 salaries)

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₹7.5 L/yr - ₹14 L/yr

arrow icon 17% more
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Bharti AXA Life Insurance Manager Salary

3 - 16 years exp. (67 salaries)

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₹6.5 L/yr - ₹17.4 L/yr

arrow icon 30% more
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PNB MetLife Manager Salary

6 - 17 years exp. (37 salaries)

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₹4.8 L/yr - ₹15.5 L/yr

arrow icon 20% more
2 job openings
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HDFC Ergo General Insurance Manager Salary

4 - 16 years exp. (145 salaries)

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₹4.5 L/yr - ₹15 L/yr

arrow icon 4% more
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₹3 L/yr - ₹13 L/yr

arrow icon 24% less
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Aditya Birla Sun Life Insurance Manager Salary

0 - 12 years exp. (107 salaries)

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₹5 L/yr - ₹18 L/yr

arrow icon 15% more
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SBI General Insurance Manager Salary

1 - 13 years exp. (40 salaries)

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₹6.5 L/yr - ₹15 L/yr

arrow icon 11% less
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Aditya Birla Insurance Brokers Manager Salary

4 - 17 years exp. (30 salaries)

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₹5.1 L/yr - ₹15 L/yr

arrow icon 7% less
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Kotak Mahindra General Insurance Manager Salary

4 - 12 years exp. (26 salaries)

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₹3.8 L/yr - ₹8.5 L/yr

arrow icon 29% less
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Star Health & Allied Insurance Manager Salary

1 - 12 years exp. (4 salaries)

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₹3.2 L/yr - ₹10.8 L/yr

arrow icon 28% less
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Gallagher Manager Salary

8 - 13 years exp. (3 salaries)

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₹12 L/yr - ₹14 L/yr

arrow icon 32% more
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₹4.9 L/yr - ₹10.9 L/yr

arrow icon 18% less

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Manager salary at HDFC Life ranges between ₹5.9 Lakhs to ₹16 Lakhs per year for employees with experience between 2 years to 16 years. Salary estimates are based on 282 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Manager in Mumbai

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Experience wise HDFC Life Manager salaries in Mumbai

Last Updated: 5 Mar 2025

Experience Avg Annual Salary
2 years  (29 salaries)

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₹10 L/yr - ₹16 L/yr
3 years  (36 salaries)

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₹10 L/yr - ₹17.5 L/yr
4 years  (24 salaries)

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₹8.4 L/yr - ₹16.7 L/yr
5 years  (23 salaries)

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₹5 L/yr - ₹18.4 L/yr
6 years  (30 salaries)

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₹4.5 L/yr - ₹18 L/yr
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HDFC Life Manager Salary and Career Growth

From

To

Manager

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2 - 16 years exp.

Senior Manager

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2 - 18 years exp.

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

Deputy Manager Salary
(477 salaries)
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₹3.5 L/yr - ₹14.4 L/yr
Senior Associate Salary
(472 salaries)
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₹1.1 L/yr - ₹4.6 L/yr
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₹5 L/yr - ₹15 L/yr
Audit Manager Salary
(10 salaries)
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₹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
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Salary related reviews for HDFC Life

3.0

Rated by 27 employees for salary & benefits

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
  • Job security - Excellent
  • +1 more

Dislikes

Salary and appraisal are below than average.

  • Salary - Poor
  • +1 more

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
  • 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.

read more
  • Promotions - Poor

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
  • Salary - Bad
  • +6 more

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
  • Salary - Bad
  • +6 more

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

read more
  • Salary - Bad
  • +5 more
see more salary related reviews

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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 ₹5.9 Lakhs to ₹16.0 Lakhs for experience between 2 years to 16 years. According to our estimates it is 41% less than the average Manager Salary in India. Salary estimates are based on 282 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 41% 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
  • Bajaj Allianz Life Insurance Manager Salary - ₹8.9 Lakhs to ₹18.5 Lakhs per year
  • Gallagher Manager Salary - ₹12.0 Lakhs to ₹14.0 Lakhs per year
  • Bharti AXA Life Insurance Manager Salary - ₹6.5 Lakhs to ₹17.4 Lakhs per year
  • SBI Life Insurance Company Manager Salary - ₹5.5 Lakhs to ₹18.0 Lakhs per year
What is the salary of a Manager in companies similar to HDFC Life in Mumbai?
  • PNB MetLife Manager Salary - ₹4.8 Lakhs to ₹15.5 Lakhs per year
  • Aviva Life Insurance India Manager Salary - ₹7.5 Lakhs to ₹14.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Manager Salary - ₹5.0 Lakhs to ₹18.0 Lakhs per year
  • HDFC Ergo General Insurance Manager Salary - ₹4.5 Lakhs to ₹15.0 Lakhs per year
  • Aditya Birla Insurance Brokers Manager Salary - ₹5.1 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 ₹69,964 per month to ₹71,763 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Manager salary in India which ranges between ₹5.9 Lakhs to ₹16.0 Lakhs per year for employees with experience between 2 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, 69% 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 133 responses on AmbitionBox in last 2 years.

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HDFC Life Manager salary in Mumbai ranges between ₹5.9 Lakhs to ₹16 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 282 HDFC Life latest salaries received from various employees of HDFC Life.