HDFC Life Mumbai Product Manager Salaries by 50+ Employees (Updated 2025)

2 - 8 years exp.

₹7.5 Lakhs - ₹20 Lakhs

Salary of majority employees

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36% less than the average Product Manager Salary in Insurance Companies for 2 - 8 years of experience

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Salaries in different departments

Product Management Product Manager Salary 2 - 7 years exp. (25 salaries)	Unlock ₹7.5 L/yr - ₹20 L/yr
Project & Program Management Product Manager Salary 3 - 8 years exp. (6 salaries)	Unlock ₹11.5 L/yr - ₹14.9 L/yr
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BFSI, Investments & Trading Product Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	Unlock ₹12.6 L/yr - ₹13.5 L/yr
Engineering - Software & QA Product Manager Salary 5 - 7 years exp. (AmbitionBox Estimate)	Unlock ₹11 L/yr - ₹12.8 L/yr
Finance & Accounting Product Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	Unlock ₹13 L/yr - ₹15 L/yr

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Last Updated: 10 Mar 2025

Companies similar to HDFC Life for Product Manager in Mumbai

HDFC Life Product Manager Salary

2 - 8 years exp. (59 salaries)

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₹7.5 L/yr - ₹20 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Product Manager Salary 0 - 6 years exp. (30 salaries)	Unlock ₹6.7 L/yr - ₹19 L/yr 21% more
SBI Life Insurance Company Product Manager Salary 2 - 6 years exp. (15 salaries)	Unlock ₹7.8 L/yr - ₹13.6 L/yr 20% less
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Bajaj Allianz Life Insurance Product Manager Salary 4 - 13 years exp. (4 salaries)	Unlock ₹10 L/yr - ₹24 L/yr 35% more
Tata AIA Life Insurance Product Manager Salary 5 - 10 years exp. (8 salaries)	Unlock ₹11 L/yr - ₹32 L/yr 43% more
ICICI Lombard General Insurance Company Product Manager Salary 0 - 9 years exp. (203 salaries)	Unlock ₹6 L/yr - ₹22.9 L/yr 10% more
Kotak Mahindara Life Insurance Product Manager Salary 1 - 8 years exp. (22 salaries)	Unlock ₹7.7 L/yr - ₹29 L/yr 44% more
HDFC Ergo General Insurance Product Manager Salary 0 - 3 years exp. (19 salaries)	Unlock ₹13 L/yr - ₹19 L/yr 19% more
Aditya Birla Sun Life Insurance Product Manager Salary 1 - 7 years exp. (7 salaries)	Unlock ₹10 L/yr - ₹16 L/yr 9% more
Reliance Nippon Life Insurance Product Manager Salary 5 - 7 years exp. (5 salaries)	Unlock ₹6 L/yr - ₹15 L/yr 11% less
Kotak Mahindra General Insurance Product Manager Salary 4 - 8 years exp. (3 salaries)	Unlock ₹7.2 L/yr - ₹21 L/yr 2% more

Product Manager salary at HDFC Life ranges between ₹7.5 Lakhs to ₹20 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 59 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Product Manager in Mumbai

3d ago

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3 years exp.

3w ago

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5 years exp.

3mo ago

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4 years exp.

4mo ago

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8 years exp.

4mo ago

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2 years exp.

5mo ago

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3 years exp.

5mo ago

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8 years exp.

7mo ago

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3 years exp.

1y ago

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5 years exp.

1y ago

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3 years exp.

Experience wise HDFC Life Product Manager salaries in Mumbai

Last Updated: 10 Mar 2025

Experience	Avg Annual Salary
2 years (3 salaries)	Unlock ₹7.5 L/yr - ₹13 L/yr
3 years (12 salaries)	Unlock ₹7.5 L/yr - ₹20 L/yr
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4 years (15 salaries)	Unlock ₹9 L/yr - ₹20 L/yr
5 years (12 salaries)	Unlock ₹9 L/yr - ₹17.8 L/yr
6 years (9 salaries)	Unlock ₹11 L/yr - ₹18.2 L/yr
7 years (4 salaries)	Unlock ₹12 L/yr - ₹17 L/yr
8 years (4 salaries)	Unlock ₹11.5 L/yr - ₹15 L/yr

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Similar Designation salaries in HDFC Life

Deputy Manager Salary

(424 salaries)

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₹3.5 L/yr - ₹14.4 L/yr

Senior Product Manager Salary

(37 salaries)

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₹13 L/yr - ₹33 L/yr

Project Manager Salary

(16 salaries)

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₹6.56 L/yr - ₹16.5 L/yr

Lead Product Manager Salary

(6 salaries)

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₹12 L/yr - ₹30 L/yr

Senior Project Manager Salary

(6 salaries)

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₹8.8 L/yr - ₹22.6 L/yr

Production Manager Salary

(5 salaries)

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₹10.95 L/yr - ₹15.7 L/yr

Digital Product Manager Salary

(3 salaries)

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₹21 L/yr - ₹30 L/yr

Top skills at HDFC Life for Product Manager

Product Management Market Research Project Management Product Development Analytical Data Analysis Artificial Intelligence Product Conceptualization

Salary related reviews for HDFC Life

1.4

Rated by 3 employees for salary & benefits

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

Lead Product Manager in Mumbai

Full Time

Engineering - Software & QA Department

3.0

• posted on 09 Jul 2023

3.0

for Salary and Benefits

Likes

Salary on time Job security

Job security - Good

+1 more

Dislikes

1. Management don't have idea what they want 2. No clarity of work 3. People sitting here from 10 years think they owns the company 4. No supportive colleagues 5. Way of working is not great 6. Lot of internal politics

Skill development - Poor

+2 more

Deputy Manager in Lower Parel, Mumbai

Full Time

Information Technology Department

4.0

• posted on 30 Dec 2022

3.0

for Salary and Benefits

Likes

Too much pressure, however bigger companies have huge responsibility and always be at top to maintain the market standards and rank

Skill development - Excellent

+1 more

Dislikes

No promotion even after getting good appraisals. Salary can be improvised

Promotions - Poor

+1 more

Deputy Manager in Bangalore / Bengaluru

Non sales Department

4.0

• posted on 08 Nov 2018

3.0

for Salary and Benefits

Likes

I have lucky enough to have good bosses for having a good work life balance, with 4yrs old kid, this is main thing which is helping me move on being a non sales staff

Work satisfaction - Excellent

+1 more

Dislikes

Still people resign because of bosses at sales team majorly not because of company or salary,

Skill development - Bad

+2 more

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 Product Manager Salary FAQs

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

Product Manager salary at HDFC Life in Mumbai ranges between ₹7.5 Lakhs to ₹20.0 Lakhs for experience between 2 years to 8 years. According to our estimates it is 36% less than the average Product Manager Salary in India. Salary estimates are based on 59 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Product Manager at HDFC Life is 36% less than the average salary of a Product Manager in Mumbai. To know exact salary insights, login to view.

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

Product Management, Market Research, Project Management, Product Development and Analytical are some of the popular skills required to work as a Product Manager at HDFC Life Mumbai.

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

Kotak Mahindara Life Insurance Product Manager Salary - ₹7.7 Lakhs to ₹29.0 Lakhs per year
Tata AIA Life Insurance Product Manager Salary - ₹11.0 Lakhs to ₹32.0 Lakhs per year
Bajaj Allianz Life Insurance Product Manager Salary - ₹10.0 Lakhs to ₹24.0 Lakhs per year
ICICI Prudential Life Insurance Product Manager Salary - ₹6.7 Lakhs to ₹19.0 Lakhs per year
HDFC Ergo General Insurance Product Manager Salary - ₹13.0 Lakhs to ₹19.0 Lakhs per year

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

ICICI Lombard General Insurance Company Product Manager Salary - ₹6.0 Lakhs to ₹22.9 Lakhs per year
Aditya Birla Sun Life Insurance Product Manager Salary - ₹10.0 Lakhs to ₹16.0 Lakhs per year
Kotak Mahindra General Insurance Product Manager Salary - ₹7.2 Lakhs to ₹21.0 Lakhs per year
Reliance Nippon Life Insurance Product Manager Salary - ₹6.0 Lakhs to ₹15.0 Lakhs per year
SBI Life Insurance Company Product Manager Salary - ₹7.8 Lakhs to ₹13.6 Lakhs per year

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

The estimated take-home salary of a Product Manager at HDFC Life ranges between ₹92,609 per month to ₹95,092 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Product Manager salary in India which ranges between ₹7.5 Lakhs to ₹20.0 Lakhs per year for employees with experience between 2 years to 8 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 42% of the HDFC Life Product Managers in Mumbai reported a notice period of 3 Months, 32% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 19 responses on AmbitionBox in last 2 years.

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HDFC Life Product Manager Salaries in Mumbai

HDFC Life Product Manager salary in Mumbai ranges between ₹7.5 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 59 HDFC Life latest salaries received from various employees of HDFC Life.

HDFC Life Product Manager salaries in Mumbai (Updated 2025)

Companies similar to HDFC Life for Product Manager in Mumbai

Latest annual salaries shared by HDFC Life Product Manager in Mumbai

Experience wise HDFC Life Product Manager salaries in Mumbai

Similar Designation salaries in HDFC Life

Top skills at HDFC Life for Product Manager

Salary related reviews for HDFC Life

Deputy Manager in Mumbai

Lead Product Manager in Mumbai

Deputy Manager in Lower Parel, Mumbai

Deputy Manager in Bangalore / Bengaluru

Senior Corporate Agency Manager in Tirunelveli

HDFC Life Product Manager Salary FAQs

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