HDFC Life Procurement Manager Salaries by 4 Employees

16 - 22 years exp.

₹11.5 Lakhs - ₹12.9 Lakhs

Low Confidence

Salary of majority employees

23% less than the average Procurement Manager Salary in Insurance Companies for 16 - 22 years of experience

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Last Updated: 15 Mar 2023

Companies similar to HDFC Life for Procurement Manager

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Procurement Manager Salary 10 - 14 years exp. (7 salaries)	₹12 L/yr - ₹17 L/yr 17% more	3 job openings
PNB MetLife Procurement Manager Salary 10 - 14 years exp. (5 salaries)	₹10.3 L/yr - ₹13 L/yr 10% less
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Reliance Nippon Life Insurance Procurement Manager Salary 11 - 14 years exp. (4 salaries)	₹11.3 L/yr - ₹15.5 L/yr 7% more
HDFC Ergo General Insurance Procurement Manager Salary 1 - 8 years exp. (4 salaries)	₹3.5 L/yr - ₹14.5 L/yr 32% less
SBI General Insurance Procurement Manager Salary 3 - 13 years exp. (3 salaries)	₹8.6 L/yr - ₹9.6 L/yr 26% less
Kotak Mahindara Life Insurance Procurement Manager Salary 7 - 8 years exp. (3 salaries)	₹5 L/yr - ₹12.9 L/yr 30% less

Procurement Manager salary at HDFC Life ranges between ₹11.5 Lakhs to ₹12.9 Lakhs per year for employees with experience between 16 years to 22 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Procurement Manager salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
15+ years (4 salaries)	₹11.5 L/yr - ₹12.9 L/yr
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Similar Designation salaries in HDFC Life

Procurement Associate Salary

(5 salaries)

₹2 L/yr - ₹3.45 L/yr

Counsellor Salary

(4 salaries)

₹1.05 L/yr - ₹5 L/yr

Management Trainee Operations Salary

(4 salaries)

₹9.7 L/yr - ₹9.8 L/yr

Deputy Manager Procurement Salary

(4 salaries)

₹5.6 L/yr - ₹9.7 L/yr

Procurement Executive Salary

(4 salaries)

₹2.52 L/yr - ₹3.5 L/yr

Assistant Manager Procurement Salary

(4 salaries)

₹5.2 L/yr - ₹7.5 L/yr

Commercial Executive Salary

(AmbitionBox Estimate)

₹1.9 L/yr - ₹2.4 L/yr

Associate Manager Procurement Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Procurement Coordinator Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Manager SCM Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Top skills at HDFC Life for Procurement Manager

Procurement Purchase Planning Procurement Planning Six Sigma Black Belt DWR Negotiation Skills Investment Banking Operations IT Procurement VD Purchase CAL Action Script

Salary related reviews for HDFC Life

Counsellor in Pathankot

Insurance Department

5.0

• posted on 26 Jun 2019

2.0

for Salary and Benefits

Likes

...and colleagues. I worked there as a telecaller and then promoted as Team leader. I learnt my new things in that organisation and my salary was 15k per month. There was a team work and very good environment. We do work in a team and then team becomes like family.

Skill development - Good

+2 more

Dislikes

The work pressure is very high but one thing that I dislike the most is weekly off. There is no weekly off and we have to come even on Sunday. At one stage a person got fed-up with their life.

Salary - Poor

Sales Manager in Cuttack

Full Time

CSR & Social Service Department

4.0

• posted on 23 Mar 2025

2.0

for Salary and Benefits

Likes

The company has lots of data, They r learning you in first stage and after that they r find a way to indicate you wrongly.

Job security - Good

Dislikes

Less salary, no support from trainer, biggest layers, no leaves, no support from L1 and above, no motivation only needed business, so if u r afresher think twice before joining.

Salary - Poor

Corporate Agency Manager in Karnal

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 13 Mar 2025

3.0

for Salary and Benefits

Likes

Job security is the thing which i can say is good. Working culture is somewhat good.

Skill development - Good

+3 more

Dislikes

Salary hike is not so good like 4 to 5 percent annually only. There is no skill development options, you have to go in the morning and come back at the evening and this happens daily nothing new.

Sr.CAM in New Delhi

Full Time

Other Department

5.0

• posted on 02 Mar 2025

5.0

for Salary and Benefits

Likes

HDFC Life is known for its supportive work culture, career growth opportunities, competitive pay, job security, and decent work-life balance.

Salary - Excellent

+6 more

Dislikes

The login process should be more seamless to ensure minimal disruption for customers, providing a smoother and more efficient experience.

Senior Corporate Agency Manager in Tirunelveli

Full Time

Sales & Business Development Department

4.0

• posted on 28 Feb 2025

3.0

for Salary and Benefits

Likes

In HDFC Life There is time to work life balance. There is no more such pressure about Targets (Depends upon L1 Manager). The brand value is easy to convert among competitors.

Job security - Excellent

+3 more

Dislikes

Salary is very low which is mentioned in payslip. Even HR also didn't know about employees salary. HR department is very week and they didn't care about employees. Very worst department in HDFC LIFE.

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HDFC Life Procurement Manager Salary FAQs

What is the salary of Procurement Manager at HDFC Life ?

The average salary of a Procurement Manager at HDFC Life in India typically ranges from ₹11.5 Lakhs to ₹12.9 Lakhs per year, depending on experience (from 16 years to 22 years).

The top 10% of Procurement Manager at HDFC Life earn more than ₹12.9 Lakhs per year, and the top 1% earn over ₹12.9 Lakhs per year. Procurement 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 4 HDFC Life employees in India.

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

The estimated take-home salary of a Procurement Manager at HDFC Life in India typically ranges from ₹85,910 to ₹88,160 per month. This is based on the average salary range of ₹11.5 Lakhs to ₹12.9 Lakhs per year for employees with experience ranging from 16 years to 22 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 4 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 Procurement Manager at HDFC Life ?

To be a Procurement Manager at HDFC Life in india, the key skills required include:

- Procurement
- Purchase Planning
- Procurement Planning
- Six Sigma Black Belt
- DWR

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 Procurement Manager in India?

Axis Max Life Insurance	₹12.0 Lakhs to ₹17.0 Lakhs per year
Reliance Nippon Life Insurance	₹11.3 Lakhs to ₹15.5 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 Procurement Manager in companies similar to HDFC Life in India?

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

PNB MetLife	₹10.3 Lakhs to ₹13.0 Lakhs per year
SBI General Insurance	₹8.6 Lakhs to ₹9.6 Lakhs per year
Kotak Mahindara Life Insurance	₹5.0 Lakhs to ₹12.9 Lakhs per year
HDFC Ergo General Insurance	₹3.5 Lakhs to ₹14.5 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 Procurement Manager at HDFC Life in India?

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

Experience	Average Salary Range
15 years	₹11.5 Lakhs to ₹12.9 Lakhs per year

and so on.

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HDFC Life Procurement Manager Salaries

HDFC Life Procurement Manager salary in India ranges between ₹11.5 Lakhs to ₹12.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDFC Life latest salaries received from various employees of HDFC Life.