HDFC Life Mumbai Operations Manager Salaries by 9 Employees (Updated 2025)

1 - 17 years exp.

₹1.5 Lakh - ₹10 Lakhs

Salary of majority employees

49% less than the average Operations Manager Salary in Insurance Companies for 1 - 17 years of experience

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Salaries in different departments

Customer Success, Service & Operations Operations Manager Salary 1 - 17 years exp. (5 salaries)	₹2.5 L/yr - ₹9.6 L/yr
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BFSI, Investments & Trading Operations Manager Salary 4 - 17 years exp. (3 salaries)	₹2.9 L/yr - ₹6.7 L/yr

Last Updated: 28 Jan 2025

Companies similar to HDFC Life for Operations Manager in Mumbai

HDFC Life Operations Manager Salary

1 - 17 years exp. (9 salaries)

₹1.5 L/yr - ₹10 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Operations Manager Salary 1 - 11 years exp. (166 salaries)	₹1.8 L/yr - ₹8 L/yr 31% less
Tata AIA Life Insurance Operations Manager Salary 10 - 17 years exp. (13 salaries)	₹10.1 L/yr - ₹15.6 L/yr 111% more
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SBI Life Insurance Company Operations Manager Salary 8 - 17 years exp. (9 salaries)	₹7.3 L/yr - ₹10 L/yr 46% more
ICICI Prudential Life Insurance Operations Manager Salary 3 - 5 years exp. (6 salaries)	₹3.7 L/yr - ₹6.2 L/yr 10% less
Kotak Mahindara Life Insurance Operations Manager Salary 1 - 10 years exp. (5 salaries)	₹3.1 L/yr - ₹5 L/yr 17% less
HDFC Ergo General Insurance Operations Manager Salary 8 - 13 years exp. (4 salaries)	₹2.3 L/yr - ₹7.8 L/yr 18% more
SBI General Insurance Operations Manager Salary 2 - 16 years exp. (3 salaries)	₹3.8 L/yr - ₹6.3 L/yr 19% less
Bajaj Allianz Life Insurance Operations Manager Salary 4 - 16 years exp. (3 salaries)	₹5 L/yr - ₹13.5 L/yr 68% more
PNB MetLife Operations Manager Salary 8 - 11 years exp. (3 salaries)	₹7.7 L/yr - ₹11.2 L/yr 46% more

Operations Manager salary at HDFC Life ranges between ₹1.5 Lakh to ₹10 Lakhs per year for employees with experience between 1 year to 17 years. Salary estimates are based on 9 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Operations Manager salaries in Mumbai

Last Updated: 28 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
2 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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3 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
4 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
5 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
6 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
7 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
8 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.2 L/yr
9 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
10 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.7 L/yr
11 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
12 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.3 L/yr
13 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
14 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
15+ years (4 salaries)	₹5.5 L/yr - ₹10 L/yr

View all

Similar Designation salaries in HDFC Life

Deputy Manager Salary

(477 salaries)

₹3.5 L/yr - ₹12.5 L/yr

Relationship Manager Salary

(93 salaries)

₹2 L/yr - ₹5 L/yr

Branch Manager Salary

(32 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Area Manager Salary

(27 salaries)

₹11.37 L/yr - ₹19 L/yr

Team Manager Salary

(7 salaries)

₹5 L/yr - ₹7.9 L/yr

Senior Operations Manager Salary

(3 salaries)

₹8 L/yr - ₹11.26 L/yr

Top skills at HDFC Life for Operations Manager

Operations Reinsurance Process Management Policy Servicing New Business

Salary related reviews for HDFC Life

1.5

Rated by 4 employees for salary & benefits

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

Business Development Manager in Bijnor

Full Time

Marketing & Communication Department

5.0

• posted on 10 Feb 2025

1.0

for Salary and Benefits

Likes

Hello team m Rishabh Rastogi from HDFC LIFE Bijnor Branch, there is a lot of pressure here for work and HDFC Life is a very good brand but there are no facilities for the employees in the office.

Work-life balance - Excellent

Dislikes

Here the calculation is less Here the salary is very high as compared to low and the facilities are also very less, the promotions target is very high and there are many parameters.

Salary - Bad

+4 more

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

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

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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HDFC Life Operations Manager Salary FAQs

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

The average salary of a Operations Manager at HDFC Life in Mumbai typically ranges from ₹1.5 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 1 year to 17 years).

The top 10% of Operations Manager in Mumbai at HDFC Life earn more than ₹9.8 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Operations Manager 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 9 HDFC Life employees in India.

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

The estimated take-home salary of a Operations Manager at HDFC Life in Mumbai typically ranges from ₹42,519 to ₹43,647 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 1 year to 17 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 9 salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Operations Manager at HDFC Life in Mumbai?

To be a Operations Manager at HDFC Life in Mumbai, the key skills required include:

- Operations
- Reinsurance
- Process Management
- Policy Servicing
- New Business

These skills are highly valued at HDFC Life and are crucial for successful performance in a Software Engineering role.

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

Tata AIA Life Insurance	₹10.1 Lakhs to ₹15.6 Lakhs per year
Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹13.5 Lakhs per year
SBI Life Insurance Company	₹7.3 Lakhs to ₹10.0 Lakhs per year
PNB MetLife	₹7.7 Lakhs to ₹11.2 Lakhs per year
HDFC Ergo General Insurance	₹2.3 Lakhs to ₹7.8 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 Manager in companies similar to HDFC Life in Mumbai?

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

ICICI Prudential Life Insurance	₹3.7 Lakhs to ₹6.2 Lakhs per year
Kotak Mahindara Life Insurance	₹3.1 Lakhs to ₹5.0 Lakhs per year
SBI General Insurance	₹3.8 Lakhs to ₹6.3 Lakhs per year
ICICI Lombard General Insurance Company	₹1.8 Lakhs to ₹8.0 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 Manager at HDFC Life in Mumbai?

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

Experience	Average Salary Range
1 year	₹3.4 Lakhs to ₹4.3 Lakhs per year
2 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
3 years	₹3.8 Lakhs to ₹4.8 Lakhs per year
4 years	₹4.0 Lakhs to ₹5.1 Lakhs per year

and so on.

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HDFC Life Operations Manager Salaries in Mumbai

HDFC Life Operations Manager salary in Mumbai ranges between ₹1.5 Lakh to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 HDFC Life latest salaries received from various employees of HDFC Life.