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

0 - 9 years exp.

₹2 Lakhs - ₹5 Lakhs

Salary of majority employees

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35% less than the average Relationship Manager Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Relationship Manager Salary 0 - 9 years exp. (33 salaries)	Unlock ₹2.3 L/yr - ₹4.5 L/yr
Sales & Business Development Relationship Manager Salary 0 - 5 years exp. (20 salaries)	Unlock ₹2 L/yr - ₹4.5 L/yr
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Customer Success, Service & Operations Relationship Manager Salary 0 - 8 years exp. (12 salaries)	Unlock ₹2.3 L/yr - ₹3.5 L/yr
Finance & Accounting Relationship Manager Salary 0 - 8 years exp. (10 salaries)	Unlock ₹2.2 L/yr - ₹5 L/yr
Marketing & Communication Relationship Manager Salary 1 - 4 years exp. (AmbitionBox Estimate)	Unlock ₹3.2 L/yr - ₹4 L/yr

Last Updated: 15 Feb 2025

Companies similar to HDFC Life for Relationship Manager in Mumbai

HDFC Life Relationship Manager Salary

0 - 9 years exp. (95 salaries)

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₹2 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Relationship Manager Salary 0 - 7 years exp. (46 salaries)	Unlock ₹2.2 L/yr - ₹7.3 L/yr 21% more
SBI Life Insurance Company Relationship Manager Salary 2 - 6 years exp. (6 salaries)	Unlock ₹3.2 L/yr - ₹5 L/yr 22% more
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Axis Max Life Insurance Relationship Manager Salary 0 - 8 years exp. (34 salaries)	Unlock ₹2 L/yr - ₹7 L/yr 38% more	5 job openings
Tata AIA Life Insurance Relationship Manager Salary 0 - 10 years exp. (144 salaries)	Unlock ₹2 L/yr - ₹5 L/yr 13% more	98 job openings
Bajaj Allianz Life Insurance Relationship Manager Salary 0 - 7 years exp. (52 salaries)	Unlock ₹1.8 L/yr - ₹4.5 L/yr 1% less	23 job openings
Kotak Mahindara Life Insurance Relationship Manager Salary 0 - 7 years exp. (27 salaries)	Unlock ₹2.4 L/yr - ₹4.5 L/yr 8% more	10 job openings
Reliance Nippon Life Insurance Relationship Manager Salary 0 - 10 years exp. (9 salaries)	Unlock ₹2 L/yr - ₹3.6 L/yr At par
Aviva Life Insurance India Relationship Manager Salary 1 - 7 years exp. (9 salaries)	Unlock ₹2.8 L/yr - ₹3.9 L/yr 9% more	1 job opening
Bharti AXA Life Insurance Relationship Manager Salary 1 - 8 years exp. (15 salaries)	Unlock ₹2.3 L/yr - ₹4.9 L/yr 7% more
PNB MetLife Relationship Manager Salary 0 - 9 years exp. (101 salaries)	Unlock ₹2.4 L/yr - ₹4.5 L/yr 5% more	158 job openings
ICICI Lombard General Insurance Company Relationship Manager Salary 0 - 10 years exp. (51 salaries)	Unlock ₹2.3 L/yr - ₹8.3 L/yr 32% more	3 job openings
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Star Health & Allied Insurance Relationship Manager Salary 0 - 7 years exp. (38 salaries)	Unlock ₹1.5 L/yr - ₹4.5 L/yr 1% less
Aditya Birla Sun Life Insurance Relationship Manager Salary 0 - 7 years exp. (20 salaries)	Unlock ₹2.2 L/yr - ₹5 L/yr 7% more
SBI General Insurance Relationship Manager Salary 2 - 9 years exp. (16 salaries)	Unlock ₹3 L/yr - ₹5.7 L/yr 13% more
HDFC Ergo General Insurance Relationship Manager Salary 2 - 9 years exp. (10 salaries)	Unlock ₹2.4 L/yr - ₹4.8 L/yr 24% more
Kotak Mahindra General Insurance Relationship Manager Salary 2 - 8 years exp. (7 salaries)	Unlock ₹2.4 L/yr - ₹4.3 L/yr 19% less
Shriram Life Insurance Relationship Manager Salary 1 - 3 years exp. (3 salaries)	Unlock ₹4.2 L/yr - ₹5.5 L/yr 26% 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 9 years. Salary estimates are based on 95 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Relationship Manager in Mumbai

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3 years exp.

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1 year exp.

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1 year exp.

3mo ago

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2 years exp.

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3 years exp.

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2 years exp.

4mo ago

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8 years exp.

5mo ago

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1 year exp.

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9 years exp.

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6 years exp.

Experience wise HDFC Life Relationship Manager salaries in Mumbai

Last Updated: 15 Feb 2025

Experience	Avg Annual Salary
Fresher (11 salaries)	Unlock ₹2 L/yr - ₹3.3 L/yr
1 year (22 salaries)	Unlock ₹2.2 L/yr - ₹4 L/yr
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2 years (22 salaries)	Unlock ₹2.3 L/yr - ₹4.5 L/yr
3 years (14 salaries)	Unlock ₹2 L/yr - ₹3.5 L/yr
4 years (6 salaries)	Unlock ₹2.6 L/yr - ₹4 L/yr
5 years (8 salaries)	Unlock ₹2.5 L/yr - ₹4.5 L/yr
6 years (6 salaries)	Unlock ₹2.7 L/yr - ₹4.5 L/yr
7 years (3 salaries)	Unlock ₹2.6 L/yr - ₹6.5 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹3.5 L/yr - ₹5 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹2.6 L/yr - ₹6.8 L/yr

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From

Relationship Manager

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0 - 9 years exp.

Senior Relationship Manager

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₹

Lakhs/yr

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

Deputy Manager Salary

(424 salaries)

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₹3.5 L/yr - ₹14.4 L/yr

Sales Manager Salary

(91 salaries)

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₹2.2 L/yr - ₹7.5 L/yr

Branch Manager Salary

(32 salaries)

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₹5.5 L/yr - ₹12.5 L/yr

Territory Manager Salary

(23 salaries)

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₹10.59 L/yr - ₹18 L/yr

Branch Sales Manager Salary

(6 salaries)

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₹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.

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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HDFC Life Relationship Manager Salary FAQs

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

Relationship Manager salary at HDFC Life in Mumbai ranges between ₹2.0 Lakhs to ₹5.0 Lakhs for less than 1 year of experience to 9 years. According to our estimates it is 35% less than the average Relationship Manager Salary in India. Salary estimates are based on 95 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Relationship Manager at HDFC Life is 35% less than the average salary of a Relationship Manager in Mumbai. To know exact salary insights, login to view.

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

Insurance Sales, Life Insurance, Relationship Management, Sales and direct marketing are some of the popular skills required to work as a Relationship Manager at HDFC Life Mumbai.

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

Axis Max Life Insurance Relationship Manager Salary - ₹2.0 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company Relationship Manager Salary - ₹2.3 Lakhs to ₹8.3 Lakhs per year
Shriram Life Insurance Relationship Manager Salary - ₹4.2 Lakhs to ₹5.5 Lakhs per year
HDFC Ergo General Insurance Relationship Manager Salary - ₹2.4 Lakhs to ₹4.8 Lakhs per year
SBI Life Insurance Company Relationship Manager Salary - ₹3.2 Lakhs to ₹5.0 Lakhs per year

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

ICICI Prudential Life Insurance Relationship Manager Salary - ₹2.2 Lakhs to ₹7.3 Lakhs per year
Tata AIA Life Insurance Relationship Manager Salary - ₹2.0 Lakhs to ₹5.0 Lakhs per year
SBI General Insurance Relationship Manager Salary - ₹3.0 Lakhs to ₹5.7 Lakhs per year
Aviva Life Insurance India Relationship Manager Salary - ₹2.8 Lakhs to ₹3.9 Lakhs per year
Kotak Mahindara Life Insurance Relationship Manager Salary - ₹2.4 Lakhs to ₹4.5 Lakhs per year

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 ranges between ₹25,242 per month to ₹26,677 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Relationship Manager salary in India which ranges between ₹2.0 Lakhs to ₹5.0 Lakhs per year for employees with less than 1 year of experience to 9 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 51% of the HDFC Life Relationship Managers in Mumbai reported a notice period of 15 days or less, 40% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 35 responses on AmbitionBox in last 2 years.

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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 95 HDFC Life latest salaries received from various employees of HDFC Life.