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HDFC Life Project Manager salaries in Mumbai

Annual salary range
1 - 12 years exp.
₹6.6 Lakhs - ₹16.5 Lakhs
Salary of majority employees
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37% less than the average Project Manager Salary in Insurance Companies for 1 - 12 years of experience

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Salaries in different departments

Project & Program Management
Project Manager Salary
1 - 10 years exp. (12 salaries)
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₹6.6 L/yr - ₹16.5 L/yr

Product Management
Project Manager Salary
4 - 12 years exp. (3 salaries)
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₹8 L/yr - ₹13 L/yr

Last Updated: 11 Nov 2024

Companies similar to HDFC Life for Project Manager in Mumbai

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HDFC Life Project Manager Salary

1 - 12 years exp. (16 salaries)

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₹6.6 L/yr - ₹16.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹6.6 L/yr - ₹18.3 L/yr

arrow icon 13% more
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Tata AIA Life Insurance Project Manager Salary

5 - 13 years exp. (13 salaries)

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₹14.2 L/yr - ₹25 L/yr

arrow icon 61% more
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SBI General Insurance Project Manager Salary

1 - 11 years exp. (13 salaries)

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₹8 L/yr - ₹20.5 L/yr

arrow icon 5% less
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₹10 L/yr - ₹17.6 L/yr

arrow icon 15% more
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₹6.5 L/yr - ₹22 L/yr

arrow icon 9% more
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₹9.6 L/yr - ₹20 L/yr

arrow icon 17% more
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PNB MetLife Project Manager Salary

4 - 16 years exp. (6 salaries)

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₹9 L/yr - ₹12.2 L/yr

arrow icon 9% less
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₹8 L/yr - ₹18.5 L/yr

arrow icon 5% more
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₹5 L/yr - ₹19.2 L/yr

arrow icon 11% less
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₹6.8 L/yr - ₹14 L/yr

arrow icon 7% less
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₹6 L/yr - ₹8.3 L/yr

arrow icon 35% less
Project Manager salary at HDFC Life ranges between ₹6.6 Lakhs to ₹16.5 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 16 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Project Manager in Mumbai

4mo ago
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4 years exp.
5mo ago
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12 years exp.
7mo ago
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1 year exp.
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4 years exp.
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1 year exp.

Experience wise HDFC Life Project Manager salaries in Mumbai

Last Updated: 11 Nov 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹6.6 L/yr - ₹12 L/yr
2 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹13.4 L/yr
3 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹13.9 L/yr
4 years  (4 salaries)

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₹7.7 L/yr - ₹14.9 L/yr
5 years (AmbitionBox Estimate)

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₹7.7 L/yr - ₹21.5 L/yr
View all

Similar Designation salaries in HDFC Life

Product Manager Salary
(59 salaries)
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₹7.5 L/yr - ₹20 L/yr
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₹8.8 L/yr - ₹22.6 L/yr

Top skills at HDFC Life for Project Manager

Web Services Project Development Technical Architecture CRM Javascript Project Management Change Management IT Project Management Web Technologies Mobile Application Development CSS IT Projects Project Planning Business Analysis UAT

Salary related reviews for HDFC Life

4.0

Rated by 1 employees for salary & benefits

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.

read more
  • 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...

read more
  • 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

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  • Salary - Bad
  • +2 more

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

  • Salary - Good
  • +3 more

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

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  • Promotions - Bad
  • +2 more
see more salary related reviews

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HDFC Life Project Manager Salary FAQs

What is the salary of Project Manager at HDFC Life in Mumbai?
The average salary of a Project Manager at HDFC Life in Mumbai typically ranges from ₹6.6 Lakhs to ₹16.5 Lakhs per year, depending on experience (from 1 year to 12 years).

The top 10% of Project Manager in Mumbai at HDFC Life earn more than ₹14.9 Lakhs per year, and the top 1% earn over ₹16.5 Lakhs per year. Project 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 10+ HDFC Life employees in India.
What is the estimated take home salary of a Project Manager at HDFC Life in Mumbai?
The estimated take-home salary of a Project Manager at HDFC Life in Mumbai typically ranges from ₹85,396 to ₹87,631 per month. This is based on the average salary range of ₹6.6 Lakhs to ₹16.5 Lakhs per year for employees with experience ranging from 1 year to 12 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 10+ 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 Project Manager at HDFC Life in Mumbai?
To be a Project Manager at HDFC Life in Mumbai, the key skills required include:

  • - Web Services
  • - Project Development
  • - Technical Architecture
  • - CRM
  • - Javascript

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 Project Manager in India?
Tata AIA Life Insurance ₹14.2 Lakhs to ₹25.0 Lakhs per year
ICICI Lombard General Insurance Company ₹9.6 Lakhs to ₹20.0 Lakhs per year
HDFC Ergo General Insurance ₹10.0 Lakhs to ₹17.6 Lakhs per year
Bajaj Allianz Life Insurance ₹6.6 Lakhs to ₹18.3 Lakhs per year
Kotak Mahindara Life Insurance ₹6.5 Lakhs to ₹22.0 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 Project Manager in companies similar to HDFC Life in Mumbai?
The salary of a Project Manager at companies similar to HDFC Life in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Reliance Nippon Life Insurance ₹8.0 Lakhs to ₹18.5 Lakhs per year
SBI General Insurance ₹8.0 Lakhs to ₹20.5 Lakhs per year
SBI Life Insurance Company ₹6.8 Lakhs to ₹14.0 Lakhs per year
PNB MetLife ₹9.0 Lakhs to ₹12.2 Lakhs per year
Aditya Birla Sun Life Insurance ₹5.0 Lakhs to ₹19.2 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 Project Manager at HDFC Life in Mumbai?
The salary growth for a Project Manager at HDFC Life in Mumbai depends on factors such as experience, performance, and promotions. On average, a Project Manager in Mumbai can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
1 year ₹6.6 Lakhs to ₹12.0 Lakhs per year
2 years ₹4.7 Lakhs to ₹13.4 Lakhs per year
3 years ₹4.7 Lakhs to ₹13.9 Lakhs per year
4 years ₹7.7 Lakhs to ₹14.9 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Life Project Manager salary in Mumbai ranges between ₹6.6 Lakhs to ₹16.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 16 HDFC Life latest salaries received from various employees of HDFC Life.