HDFC Life Mumbai Operations Executive Salaries by 5 Employees (Updated 2025)

3 - 7 years exp.

₹2 Lakhs - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Operations Executive Salary in Insurance Companies for 3 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Operations Executive Salary 4 - 6 years exp. (3 salaries)	₹2 L/yr - ₹3.1 L/yr
Finance & Accounting Operations Executive Salary 7 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.3 L/yr
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Marketing & Communication Operations Executive Salary 3 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr

Last Updated: 10 Feb 2025

Companies similar to HDFC Life for Operations Executive in Mumbai

HDFC Life Operations Executive Salary

3 - 7 years exp. (5 salaries)

₹2 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
SBI General Insurance Operations Executive Salary 1 - 10 years exp. (34 salaries)	₹1.8 L/yr - ₹5 L/yr 7% more
ICICI Lombard General Insurance Company Operations Executive Salary 1 - 7 years exp. (29 salaries)	₹1 L/yr - ₹4.3 L/yr 8% less
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Tata AIA Life Insurance Operations Executive Salary 3 - 9 years exp. (24 salaries)	₹1.6 L/yr - ₹6.1 L/yr 62% more
HDFC Ergo General Insurance Operations Executive Salary 3 - 8 years exp. (24 salaries)	₹1.8 L/yr - ₹4.1 L/yr 9% more
ICICI Prudential Life Insurance Operations Executive Salary 1 - 4 years exp. (11 salaries)	₹2.1 L/yr - ₹3.6 L/yr 9% less
Axis Max Life Insurance Operations Executive Salary 0 - 8 years exp. (10 salaries)	₹1.2 L/yr - ₹4.3 L/yr 5% less
Kotak Mahindara Life Insurance Operations Executive Salary 1 - 6 years exp. (10 salaries)	₹2.5 L/yr - ₹4.5 L/yr 5% more
Reliance Nippon Life Insurance Operations Executive Salary 1 - 3 years exp. (4 salaries)	₹2.5 L/yr - ₹3 L/yr 8% less
PNB MetLife Operations Executive Salary 2 - 5 years exp. (4 salaries)	₹2 L/yr - ₹3.1 L/yr 11% less
SBI Life Insurance Company Operations Executive Salary 6 - 9 years exp. (4 salaries)	₹3.5 L/yr - ₹5.5 L/yr 40% more
Aditya Birla Sun Life Insurance Operations Executive Salary 4 - 7 years exp. (3 salaries)	₹2.4 L/yr - ₹3.8 L/yr 10% less
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Bajaj Allianz Life Insurance Operations Executive Salary 0 - 8 years exp. (3 salaries)	₹2.6 L/yr - ₹3.5 L/yr 4% more	1 job opening

Operations Executive salary at HDFC Life ranges between ₹2 Lakhs to ₹4 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Operations Executive salaries in Mumbai

Last Updated: 10 Feb 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
7 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr

Similar Designation salaries in HDFC Life

Senior Associate Salary

(496 salaries)

₹1.05 L/yr - ₹4.6 L/yr

Relationship Manager Salary

(93 salaries)

₹2 L/yr - ₹5 L/yr

Operations Manager Salary

(9 salaries)

₹1.45 L/yr - ₹10 L/yr

MIS Executive Salary

(6 salaries)

₹1.5 L/yr - ₹3.6 L/yr

Team Lead Salary

(5 salaries)

₹3.26 L/yr - ₹7 L/yr

Customer Service Executive Salary

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₹2.2 L/yr - ₹3.25 L/yr

Salary related reviews for HDFC Life

2.0

Rated by 1 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

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

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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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HDFC Life Operations Executive Salary FAQs

What is the salary of Operations Executive at HDFC Life in Mumbai?

The average salary of a Operations Executive at HDFC Life in Mumbai typically ranges from ₹2.0 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 3 years to 7 years).

The top 10% of Operations Executive in Mumbai at HDFC Life earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Operations Executive Salaries at HDFC Life can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 5 HDFC Life employees in India.

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

The estimated take-home salary of a Operations Executive at HDFC Life in Mumbai typically ranges from ₹21,440 to ₹23,082 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 3 years to 7 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 5 salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDFC Life for Operations Executive in India?

Tata AIA Life Insurance	₹1.6 Lakhs to ₹6.1 Lakhs per year
SBI Life Insurance Company	₹3.5 Lakhs to ₹5.5 Lakhs per year
HDFC Ergo General Insurance	₹1.8 Lakhs to ₹4.1 Lakhs per year
SBI General Insurance	₹1.8 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindara Life Insurance	₹2.5 Lakhs to ₹4.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HDFC Life, depending on the role and experience level.

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

The salary of a Operations Executive at companies similar to HDFC Life in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance	₹2.6 Lakhs to ₹3.5 Lakhs per year
Axis Max Life Insurance	₹1.2 Lakhs to ₹4.3 Lakhs per year
ICICI Lombard General Insurance Company	₹1.0 Lakhs to ₹4.3 Lakhs per year
Reliance Nippon Life Insurance	₹2.5 Lakhs to ₹3.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.1 Lakhs to ₹3.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Operations Executive at HDFC Life in Mumbai?

The salary growth for a Operations Executive at HDFC Life in Mumbai depends on factors such as experience, performance, and promotions. On average, a Operations Executive in Mumbai can expect the following growth trajectory at HDFC Life:

Experience	Average Salary Range
3 years	₹2.7 Lakhs to ₹3.4 Lakhs per year
4 years	₹2.7 Lakhs to ₹3.4 Lakhs per year
5 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
6 years	₹2.7 Lakhs to ₹3.5 Lakhs per year

and so on.

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HDFC Life Operations Executive Salaries in Mumbai

HDFC Life Operations Executive salary in Mumbai ranges between ₹2 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 HDFC Life latest salaries received from various employees of HDFC Life.