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HDFC Life Procurement Manager salaries in Mumbai

Annual salary range
16 - 22 years exp.
₹11.5 Lakhs - ₹12.9 Lakhs
Salary of majority employees
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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

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HDFC Life Procurement Manager Salary

16 - 22 years exp. (4 salaries)

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₹11.5 L/yr - ₹12.9 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹5 L/yr - ₹12.9 L/yr

arrow icon 30% less
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Reliance Industries Procurement Manager Salary

1 - 17 years exp. (61 salaries)

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₹6.5 L/yr - ₹25.3 L/yr

arrow icon 18% more
1 job opening
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₹13.8 L/yr - ₹27.1 L/yr

arrow icon 59% more
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Hindustan Unilever Procurement Manager Salary

6 - 16 years exp. (25 salaries)

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₹13.5 L/yr - ₹44.3 L/yr

arrow icon 174% more
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Pidilite Industries Procurement Manager Salary

5 - 15 years exp. (16 salaries)

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₹18 L/yr - ₹34.7 L/yr

arrow icon 95% 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.

Latest annual salaries shared by HDFC Life Procurement Manager in Mumbai

1y ago
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16 years exp.
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22 years exp.
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20 years exp.
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18 years exp.

Experience wise HDFC Life Procurement Manager salaries in Mumbai

Last Updated: 15 Mar 2023

Experience Avg Annual Salary
15+ years  (4 salaries)

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₹11.5 L/yr - ₹12.9 L/yr

Similar Designation salaries in HDFC Life

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₹5.6 L/yr - ₹9.7 L/yr
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₹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

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.

read more
  • 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.

read more
  • Salary - Poor

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.

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  • 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.

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 09 Feb 2025

4.0
 for  Salary and Benefits

Likes

Salary credited process is very good Working culture is Average good

  • Salary - Good
  • +1 more

Dislikes

HR is very irresponsible or no one Hr's not responding any reply by call or emails, they ignoring all employees calls, messages and emails...

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  • Job security - Poor
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 27 Jan 2025

1.0
 for  Salary and Benefits

Likes

There is nothing to like about this company

Dislikes

HDFC Life primarily exploits its employees by imposing excessive work pressure and making unnecessary salary deductions. They promise promotions twice a year, but these commitments are often ignored due to office politics. There is a notable lack of job security, and the company does not provide any training during the induction process. Employees are expected to perform tasks without proper guidance. The company culture is poor; it relies solely on its brand name while subjecting employees to undue stress. There is a lack of transparency regarding targets and achievements, leading to significant mental pressure. As a result, the work-life balance is severely affected, and most employees do not feel valued in this environment.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Other Department

3.0
  •  posted on 07 Dec 2024

1.0
 for  Salary and Benefits

Likes

Nothing great to vouch for, strong in processes only for front line people. HDFC. Salary will br creditrd on time just like other big corporates

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Dislikes

No work life balance and respect, tremendous pressure.. Should do work like robot. For managers rules will be bent, for front line employees they will be very rigid with rules. Double standards

read more
  • Salary - Bad
  • +2 more
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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 - ₹13.5 Lakhs to ₹44.3 Lakhs per year
  • Pidilite Industries Procurement Manager Salary - ₹18.0 Lakhs to ₹34.7 Lakhs per year
  • Larsen & Toubro Limited Procurement Manager Salary - ₹13.8 Lakhs to ₹27.1 Lakhs per year
  • Reliance Industries Procurement Manager Salary - ₹6.5 Lakhs to ₹25.3 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 salary in Mumbai ranges between ₹11.5 Lakhs to ₹12.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 HDFC Life latest salaries received from various employees of HDFC Life.