HDFC Life Mumbai Relationship Manager Salaries by 90+ Employees (Updated 2025)

0 - 8 years exp.

₹2 Lakhs - ₹5 Lakhs

Salary of majority employees

34% less than the average Relationship Manager Salary in Insurance Companies for 0 - 8 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading Relationship Manager Salary 0 - 7 years exp. (30 salaries)	₹2.3 L/yr - ₹4.5 L/yr
Sales & Business Development Relationship Manager Salary 0 - 6 years exp. (21 salaries)	₹2 L/yr - ₹4.5 L/yr
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Customer Success, Service & Operations Relationship Manager Salary 0 - 8 years exp. (12 salaries)	₹2.3 L/yr - ₹3.5 L/yr
Finance & Accounting Relationship Manager Salary 0 - 8 years exp. (10 salaries)	₹2.2 L/yr - ₹5 L/yr
Marketing & Communication Relationship Manager Salary 1 - 4 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr

Last Updated: 21 Mar 2025

Companies similar to HDFC Life for Relationship Manager in Mumbai

HDFC Life Relationship Manager Salary

0 - 8 years exp. (93 salaries)

₹2 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Relationship Manager Salary 0 - 10 years exp. (143 salaries)	₹2 L/yr - ₹5 L/yr 15% more	71 job openings
PNB MetLife Relationship Manager Salary 0 - 9 years exp. (100 salaries)	₹2.1 L/yr - ₹4.5 L/yr 4% more	150 job openings
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Bajaj Allianz Life Insurance Relationship Manager Salary 0 - 8 years exp. (54 salaries)	₹1.8 L/yr - ₹4.5 L/yr 1% less	24 job openings
ICICI Lombard General Insurance Company Relationship Manager Salary 0 - 10 years exp. (50 salaries)	₹2.3 L/yr - ₹8.3 L/yr 31% more	2 job openings
ICICI Prudential Life Insurance Relationship Manager Salary 0 - 6 years exp. (46 salaries)	₹2.2 L/yr - ₹9 L/yr 26% more
Axis Max Life Insurance Relationship Manager Salary 0 - 8 years exp. (36 salaries)	₹2 L/yr - ₹7 L/yr 35% more	5 job openings
Star Health & Allied Insurance Relationship Manager Salary 0 - 8 years exp. (36 salaries)	₹1.5 L/yr - ₹4.5 L/yr 2% less
Kotak Mahindara Life Insurance Relationship Manager Salary 0 - 7 years exp. (27 salaries)	₹2.4 L/yr - ₹4.5 L/yr 1% more	16 job openings
Aditya Birla Sun Life Insurance Relationship Manager Salary 0 - 7 years exp. (21 salaries)	₹2.2 L/yr - ₹5 L/yr 8% more
SBI General Insurance Relationship Manager Salary 2 - 9 years exp. (16 salaries)	₹3 L/yr - ₹5.7 L/yr 15% more
Reliance Nippon Life Insurance Relationship Manager Salary 0 - 10 years exp. (9 salaries)	₹2 L/yr - ₹3.6 L/yr 2% more
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HDFC Ergo General Insurance Relationship Manager Salary 2 - 9 years exp. (8 salaries)	₹2.5 L/yr - ₹8.2 L/yr 19% more
Kotak Mahindra General Insurance Relationship Manager Salary 2 - 8 years exp. (7 salaries)	₹2.4 L/yr - ₹4.3 L/yr 19% less
SBI Life Insurance Company Relationship Manager Salary 2 - 6 years exp. (6 salaries)	₹3.2 L/yr - ₹5 L/yr 17% more
Shriram Life Insurance Relationship Manager Salary 1 - 3 years exp. (3 salaries)	₹4.1 L/yr - ₹5.5 L/yr 24% more

Relationship Manager salary at HDFC Life ranges between ₹2 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 93 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Relationship Manager salaries in Mumbai

Last Updated: 21 Mar 2025

Experience	Avg Annual Salary
Fresher (11 salaries)	₹2 L/yr - ₹3.3 L/yr
1 year (21 salaries)	₹2.2 L/yr - ₹4 L/yr
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2 years (22 salaries)	₹2.3 L/yr - ₹4.5 L/yr
3 years (13 salaries)	₹2 L/yr - ₹3.5 L/yr
4 years (6 salaries)	₹2.6 L/yr - ₹4 L/yr
5 years (8 salaries)	₹2.5 L/yr - ₹4.5 L/yr
6 years (7 salaries)	₹2.7 L/yr - ₹4.5 L/yr
7 years (3 salaries)	₹2.6 L/yr - ₹6.7 L/yr
8 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr

View all

From

Relationship Manager

0 - 8 years exp.

Senior Relationship Manager

2 - 9 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in HDFC Life

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(91 salaries)

₹2.2 L/yr - ₹7.5 L/yr

Branch Manager Salary

(32 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Area Manager Salary

(27 salaries)

₹11.37 L/yr - ₹19 L/yr

Territory Manager Salary

(22 salaries)

₹10.21 L/yr - ₹18 L/yr

Branch Sales Manager Salary

(7 salaries)

₹5 L/yr - ₹10.5 L/yr

Top skills at HDFC Life for Relationship Manager

Insurance Sales Life Insurance Relationship Management Sales direct marketing Life Insurance Insurance Sales Banking Sales Field Sales Field Sales Corporate Sales Direct Sales Bancassurance Business Development Banking Sales

Salary related reviews for HDFC Life

2.6

Rated by 24 employees for salary & benefits

Relationship Manager in Mumbai

BFSI, Investments & Trading Department

1.0

• posted on 06 Sep 2018

1.0

for Salary and Benefits

Likes

Company have good policies...better platform to grow..if u ambitious about work...good opportunity to Higher Position .Good earing structure also there.

Dislikes

Management people team Dont even care about Employee .... and U'll have to loose ur monthly salary and Job also because of management wants .... I Feel worst company management system..where U complaint Harrassment and Management not giving u responce.

Salary - Bad

+6 more

Relationship Manager in Bhubaneswar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 05 May 2024

2.0

for Salary and Benefits

Likes

Big brand. People know the brand very well

Dislikes

Less salary compare to psu. Even clerk of psu bank get more than a manager grade of hdfc. Bonus and incentives at junior grade not that good. Only boss and team managers will get good salary here . No travel claims are given.

Salary - Poor

+4 more

Relationship Manager in Kurnool

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 26 Jun 2022

4.0

for Salary and Benefits

Likes

Good work environment and culture. Area manager mamidi praveen is very bad person. Company policies are good, appraisals are fair.

Salary - Good

+1 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is abond of 1 year before which you cannot resign. Aria manager Mamidi praveen is very bad person.

Promotions - Bad

+1 more

Relationship Manager in New Delhi

BFSI, Investments & Trading Department

1.0

• posted on 29 Jul 2020

1.0

for Salary and Benefits

Likes

...ammates are not supportive only politics and management also not transparent. Company policies are not good,appraisals are not fair and not any bonus and also not hike salary.

Dislikes

Salary - Bad
Skill development - Bad

+5 more

Relationship Manager in Ranchi

Direct Marketing Department

5.0

• posted on 23 Jun 2021

5.0

for Salary and Benefits

Likes

...nd culture.Teammates are supportive and the management is helpfull in all part .when I the tatget are achieved promotion plus hike salary. Job security.

Salary - Excellent

+6 more

Dislikes

I am work with HDFC life there is no disadvantages .This is my personal problem to leave this organisation.

see more salary related reviews

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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HDFC Life Relationship Manager Salary FAQs

What is the salary of Relationship Manager at HDFC Life in Mumbai?

The average salary of a Relationship Manager at HDFC Life in Mumbai typically ranges from ₹2.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Relationship Manager in Mumbai at HDFC Life earn more than ₹3.8 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Relationship 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 90+ HDFC Life employees in India.

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

The estimated take-home salary of a Relationship Manager at HDFC Life in Mumbai typically ranges from ₹25,493 to ₹26,925 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher 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 90+ 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 Relationship Manager at HDFC Life in Mumbai?

To be a Relationship Manager at HDFC Life in Mumbai, the key skills required include:

- Insurance Sales
- Life Insurance
- Relationship Management
- Sales
- direct marketing

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 Relationship Manager in India?

Axis Max Life Insurance	₹2.0 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company	₹2.3 Lakhs to ₹8.3 Lakhs per year
ICICI Prudential Life Insurance	₹2.2 Lakhs to ₹9.0 Lakhs per year
Shriram Life Insurance	₹4.1 Lakhs to ₹5.5 Lakhs per year
HDFC Ergo General Insurance	₹2.5 Lakhs to ₹8.2 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 Relationship Manager in companies similar to HDFC Life in Mumbai?

The salary of a Relationship Manager at companies similar to HDFC Life in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI Life Insurance Company	₹3.2 Lakhs to ₹5.0 Lakhs per year
SBI General Insurance	₹3.0 Lakhs to ₹5.7 Lakhs per year
Tata AIA Life Insurance	₹2.0 Lakhs to ₹5.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.2 Lakhs to ₹5.0 Lakhs per year
PNB MetLife	₹2.1 Lakhs to ₹4.5 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 Relationship Manager at HDFC Life in Mumbai?

The salary growth for a Relationship Manager at HDFC Life in Mumbai depends on factors such as experience, performance, and promotions. On average, a Relationship Manager in Mumbai can expect the following growth trajectory at HDFC Life:

Experience	Average Salary Range
Fresher	₹2.0 Lakhs to ₹3.3 Lakhs per year
1 year	₹2.2 Lakhs to ₹4.0 Lakhs per year
2 years	₹2.3 Lakhs to ₹4.5 Lakhs per year
3 years	₹2.0 Lakhs to ₹3.5 Lakhs per year

and so on.

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HDFC Life Relationship Manager Salaries in Mumbai

HDFC Life Relationship Manager salary in Mumbai ranges between ₹2 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 93 HDFC Life latest salaries received from various employees of HDFC Life.