HDFC Life Mumbai Procurement Manager Salaries by 4 Employees (Updated 2024)

16 - 22 years exp.

₹11.5 Lakhs - ₹12.9 Lakhs

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 in Mumbai

HDFC Life Procurement Manager Salary

16 - 22 years exp. (4 salaries)

₹11.5 L/yr - ₹12.9 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Procurement Manager Salary 7 - 8 years exp. (3 salaries)	₹5 L/yr - ₹12.9 L/yr 30% less
Reliance Industries Procurement Manager Salary 1 - 20 years exp. (61 salaries)	₹6.8 L/yr - ₹25.4 L/yr 29% more
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Larsen & Toubro Limited Procurement Manager Salary 8 - 17 years exp. (26 salaries)	₹13 L/yr - ₹28.2 L/yr 51% more
Hindustan Unilever Procurement Manager Salary 8 - 16 years exp. (19 salaries)	₹15.7 L/yr - ₹68.2 L/yr 221% more
Afcons Infrastructure Procurement Manager Salary 11 - 18 years exp. (16 salaries)	₹14 L/yr - ₹22 L/yr 41% more

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 in Mumbai

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

Deputy Manager Procurement Salary

(4 salaries)

₹5.6 L/yr - ₹9.7 L/yr

Management Trainee Operations Salary

(3 salaries)

₹9.7 L/yr - ₹9.8 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.

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.

Senior Corporate Agency Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 08 Nov 2024

4.0

for Salary and Benefits

Likes

Skill development is good more knowledge we gets about product clearly

Dislikes

...nsent about the employee only they listen what our bosses say not to employees, Higher New employees giving higher designation and salary hike instade of give to our old employees

Senior Corporate Agency Manager in Mumbai

Full Time

Other Department

1.0

• posted on 14 Oct 2024

2.0

for Salary and Benefits

Likes

Nothing to like, people keep on absconding, due to no work life balance, irrelevant pressure.

Dislikes

...cy, rejected leaves at last moment even after informing manager 2 months before. * No job security, Manager always ask to resign in front of everyone in team meetings * Bullying regarding salary infront of colleagues, as if paying my salary from their own pocket *

Chief Manager - HR in Mumbai

Full Time

Human Resources Department

4.0

• posted on 04 Oct 2024

4.0

for Salary and Benefits

Likes

Stable company offering secure job. Never ever delays employees salary. Very strong in latest technology adoption. Strong top level management. Learning environment.

Dislikes

No Work life balance in few departments.

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.

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.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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HDFC Life Procurement Manager Salary FAQs

What is the salary of Procurement Manager at HDFC Life Mumbai?

Procurement Manager salary at HDFC Life in Mumbai ranges between ₹11.5 Lakhs to ₹12.9 Lakhs for experience between 16 years to 22 years. According to our estimates it is 23% less than the average Procurement Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Procurement Manager at HDFC Life is 23% less than the average salary of a Procurement Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Procurement Manager at HDFC Life?

Procurement, Purchase Planning, Procurement Planning, Six Sigma Black Belt and DWR are some of the popular skills required to work as a Procurement Manager at HDFC Life Mumbai.

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

Hindustan Unilever Procurement Manager Salary - ₹15.7 Lakhs to ₹68.2 Lakhs per year
Larsen & Toubro Limited Procurement Manager Salary - ₹13.0 Lakhs to ₹28.2 Lakhs per year
Afcons Infrastructure Procurement Manager Salary - ₹14.0 Lakhs to ₹22.0 Lakhs per year
Reliance Industries Procurement Manager Salary - ₹6.8 Lakhs to ₹25.4 Lakhs per year

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

Kotak Mahindara Life Insurance Procurement Manager Salary - ₹5.0 Lakhs to ₹12.9 Lakhs per year

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

The estimated take-home salary of a Procurement Manager at HDFC Life ranges between ₹85,910 per month to ₹88,160 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Procurement Manager salary in India which ranges between ₹11.5 Lakhs to ₹12.9 Lakhs per year for employees with experience between 16 years to 22 years. Check how did we calculate take home salary?

What is the notice period for Procurement Manager at HDFC Life in Mumbai?

According to AmbitionBox, 100% of the HDFC Life Procurement Manager s in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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HDFC Life Procurement Manager Salaries in Mumbai

HDFC Life Procurement Manager salary in Mumbai 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.