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HDFC Life Product Manager salaries in Mumbai (Updated 2025)

Annual salary range
2 - 8 years exp.
₹7.5 Lakhs - ₹20 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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35% 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)
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₹7.5 L/yr - ₹20 L/yr

Project & Program Management
Product Manager Salary
3 - 8 years exp. (6 salaries)
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₹11.5 L/yr - ₹14.9 L/yr

BFSI, Investments & Trading
Product Manager Salary
4 - 5 years exp. (AmbitionBox Estimate)
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₹12.6 L/yr - ₹13.6 L/yr

Engineering - Software & QA
Product Manager Salary
5 - 7 years exp. (AmbitionBox Estimate)
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₹11 L/yr - ₹13.4 L/yr

Finance & Accounting
Product Manager Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹13.3 L/yr - ₹15 L/yr

View all

Last Updated: 10 Mar 2025

Companies similar to HDFC Life for Product Manager in Mumbai

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HDFC Life Product Manager Salary

2 - 8 years exp. (59 salaries)

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₹7.5 L/yr - ₹20 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹6 L/yr - ₹22.7 L/yr

At par
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₹6.3 L/yr - ₹19 L/yr

arrow icon 9% more
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₹7.7 L/yr - ₹29 L/yr

arrow icon 42% more
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₹13 L/yr - ₹19 L/yr

arrow icon 17% more
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₹7.8 L/yr - ₹13.6 L/yr

arrow icon 22% less
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₹11 L/yr - ₹32 L/yr

arrow icon 40% more
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₹10 L/yr - ₹16 L/yr

arrow icon 7% more
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₹6 L/yr - ₹15 L/yr

arrow icon 12% less
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₹10 L/yr - ₹24 L/yr

arrow icon 32% more
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₹7.2 L/yr - ₹21 L/yr

At par
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

3w ago
₹18 Lakhs
3 years exp.
1mo ago
₹14.3 Lakhs
5 years exp.
4mo ago
₹13 Lakhs
4 years exp.
4mo ago
₹15 Lakhs
8 years exp.
5mo ago
₹13 Lakhs
2 years exp.
5mo ago
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3 years exp.
6mo 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)

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₹7.5 L/yr - ₹13 L/yr
3 years  (12 salaries)

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₹7.5 L/yr - ₹20 L/yr
4 years  (15 salaries)

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₹9 L/yr - ₹20 L/yr
5 years  (12 salaries)

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₹9 L/yr - ₹17.8 L/yr
6 years  (9 salaries)

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₹11 L/yr - ₹18.2 L/yr
View all

Similar Designation salaries in HDFC Life

Deputy Manager Salary
(424 salaries)
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₹3.5 L/yr - ₹13 L/yr
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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
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₹12 L/yr - ₹30 L/yr
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₹8.8 L/yr - ₹22.6 L/yr
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₹10.95 L/yr - ₹15.7 L/yr
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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 4 employees for salary & benefits

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

read more
  • Salary - Bad
  • +5 more

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

read more
  • Skill development - Poor
  • +2 more

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

read more
  • Skill development - Excellent
  • +1 more

Dislikes

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

read more
  • Promotions - Poor
  • +1 more

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

read more
  • Work satisfaction - Excellent
  • +1 more

Dislikes

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

read more
  • Skill development - Bad
  • +2 more

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.

read more
  • 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.

read more
  • Salary - Poor
see more salary related reviews

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HDFC Life Product Manager Salary FAQs

What is the salary of Product Manager at HDFC Life in Mumbai?
The average salary of a Product Manager at HDFC Life in Mumbai typically ranges from ₹7.5 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Product Manager in Mumbai at HDFC Life earn more than ₹17.3 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Product 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 50+ HDFC Life employees in India.
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 in Mumbai typically ranges from ₹93,864 to ₹96,388 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 2 years to 8 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 50+ 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 Product Manager at HDFC Life in Mumbai?
To be a Product Manager at HDFC Life in Mumbai, the key skills required include:

  • - Product Management
  • - Market Research
  • - Project Management
  • - Product Development
  • - Analytical

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 Product Manager in India?
Kotak Mahindara Life Insurance ₹7.7 Lakhs to ₹29.0 Lakhs per year
Tata AIA Life Insurance ₹11.0 Lakhs to ₹32.0 Lakhs per year
Bajaj Allianz Life Insurance ₹10.0 Lakhs to ₹24.0 Lakhs per year
HDFC Ergo General Insurance ₹13.0 Lakhs to ₹19.0 Lakhs per year
ICICI Prudential Life Insurance ₹6.3 Lakhs to ₹19.0 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 Product Manager in companies similar to HDFC Life in Mumbai?
The salary of a Product Manager at companies similar to HDFC Life in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Sun Life Insurance ₹10.0 Lakhs to ₹16.0 Lakhs per year
Kotak Mahindra General Insurance ₹7.2 Lakhs to ₹21.0 Lakhs per year
ICICI Lombard General Insurance Company ₹6.0 Lakhs to ₹22.7 Lakhs per year
Reliance Nippon Life Insurance ₹6.0 Lakhs to ₹15.0 Lakhs per year
SBI Life Insurance Company ₹7.8 Lakhs to ₹13.6 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 Product Manager at HDFC Life in Mumbai?
The salary growth for a Product Manager at HDFC Life in Mumbai depends on factors such as experience, performance, and promotions. On average, a Product Manager in Mumbai can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
2 years ₹7.5 Lakhs to ₹13.0 Lakhs per year
3 years ₹7.5 Lakhs to ₹20.0 Lakhs per year
4 years ₹9.0 Lakhs to ₹20.0 Lakhs per year
5 years ₹9.0 Lakhs to ₹17.8 Lakhs per year
and so on.

Tell us how to improve this page.

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