HDFC Life Production Manager Salaries by 5 Employees (Updated 2024)

1 - 5 years exp.

₹9.5 Lakhs - ₹20 Lakhs

Low Confidence

Salary of majority employees

8% less than the average Production Manager Salary in Insurance Companies for 1 - 5 years of experience

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Last Updated: 14 Dec 2024

Companies similar to HDFC Life for Production Manager

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Production Manager Salary 0 - 2 years exp. (3 salaries)	₹7.8 L/yr - ₹26 L/yr 13% more
Kotak Mahindara Life Insurance Production Manager Salary 3 - 4 years exp. (3 salaries)	₹10.8 L/yr - ₹13.8 L/yr 7% less
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ICICI Lombard General Insurance Company Production Manager Salary 0 - 5 years exp. (14 salaries)	₹5.9 L/yr - ₹18.5 L/yr 14% less
Care Health Insurance Production Manager Salary 3 - 11 years exp. (3 salaries)	₹11.5 L/yr - ₹16 L/yr 2% more
Sun Pharmaceutical Industries Production Manager Salary 12 - 24 years exp. (171 salaries)	₹8.9 L/yr - ₹24.5 L/yr 19% more	2 job openings

Production Manager salary at HDFC Life ranges between ₹9.5 Lakhs to ₹20 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 5 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Production Manager salaries

Last Updated: 14 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹9.5 L/yr - ₹22.4 L/yr
2 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹14.4 L/yr
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3 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹14.6 L/yr
4 years (AmbitionBox Estimate)	₹11 L/yr - ₹23 L/yr
5 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹20 L/yr

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Salary related reviews for HDFC Life

5.0

Rated by 1 employees for salary & benefits

Operations Manager in Mumbai

Full Time

Risk Management & Compliance Department

3.0

• posted on 26 Nov 2023

1.0

for Salary and Benefits

Likes

The way they make fool our of you. JD and actual work are really different. Popular statement "I am a really considerate manager".

Dislikes

Usual work day is for about 12 hrs On document Saturday is a non working day but you will be forced to work with out pay. Overtime is a myth Promotion depends upon L1's will. Variable pay is only for MT's and chief manager & above Huge gap in pay at same band.

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.

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

Deputy Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 07 Aug 2023

2.0

for Salary and Benefits

Dislikes

... Saturday and Sunday off as they have mentioned holiday at the time of joining. Also I feel there is discrimination in salary increament policy and working time among employees.

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

Dislikes

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

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

Dislikes

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

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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 Production Manager Salary FAQs

What is the salary of Production Manager at HDFC Life?

Production Manager salary at HDFC Life in India ranges between ₹9.5 Lakhs to ₹20.0 Lakhs for experience between 1 years to 5 years. According to our estimates it is 8% less than the average Production Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of HDFC Life India.

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

The average salary of a Production Manager at HDFC Life is 8% less than the average salary of a Production Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Life to a Production Manager in India?

Sun Pharmaceutical Industries Production Manager Salary - ₹8.9 Lakhs to ₹24.5 Lakhs per year
SBI Life Insurance Company Production Manager Salary - ₹7.8 Lakhs to ₹26.0 Lakhs per year
Care Health Insurance Production Manager Salary - ₹11.5 Lakhs to ₹16.0 Lakhs per year

What is the salary of a Production Manager in companies similar to HDFC Life in India?

Kotak Mahindara Life Insurance Production Manager Salary - ₹10.8 Lakhs to ₹13.8 Lakhs per year
ICICI Lombard General Insurance Company Production Manager Salary - ₹5.9 Lakhs to ₹18.5 Lakhs per year

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

The estimated take-home salary of a Production Manager at HDFC Life ranges between ₹91,195 per month to ₹93,597 per month in India. The take-home salary calculation is based on the average HDFC Life Production Manager salary in India which ranges between ₹9.5 Lakhs to ₹20.0 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Production Manager at HDFC Life?

According to AmbitionBox, 50% of the HDFC Life Production Managers reported a notice period of 15 days or less, 50% reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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HDFC Life Production Manager Salaries

HDFC Life Production Manager salary in India ranges between ₹9.5 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 HDFC Life latest salaries received from various employees of HDFC Life.