HDFC Life Mumbai Sales Development Manager Salaries by 100+ Employees (Updated 2025)

0 - 7 years exp.

₹1.5 Lakh - ₹4 Lakhs

Salary of majority employees

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26% less than the average Sales Development Manager Salary in Insurance Companies for 0 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Sales Development Manager Salary 0 - 6 years exp. (58 salaries)	Unlock ₹1.8 L/yr - ₹3.9 L/yr
Sales & Business Development Sales Development Manager Salary 0 - 4 years exp. (31 salaries)	Unlock ₹1.5 L/yr - ₹3.8 L/yr
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Finance & Accounting Sales Development Manager Salary 0 - 6 years exp. (12 salaries)	Unlock ₹1.8 L/yr - ₹3.5 L/yr
Customer Success, Service & Operations Sales Development Manager Salary 1 - 3 years exp. (8 salaries)	Unlock ₹2.2 L/yr - ₹3.5 L/yr
Marketing & Communication Sales Development Manager Salary 0 - 5 years exp. (6 salaries)	Unlock ₹2 L/yr - ₹3.3 L/yr

Last Updated: 8 Feb 2025

Companies similar to HDFC Life for Sales Development Manager in Mumbai

HDFC Life Sales Development Manager Salary

0 - 7 years exp. (151 salaries)

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₹1.5 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
Pidilite Industries Sales Development Manager Salary 4 - 8 years exp. (15 salaries)	Unlock ₹21 L/yr - ₹33 L/yr 762% more
Abbott Sales Development Manager Salary 10 - 17 years exp. (15 salaries)	Unlock ₹5.7 L/yr - ₹16 L/yr 194% more
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Abbott Nutrition International Sales Development Manager Salary 7 - 11 years exp. (4 salaries)	Unlock ₹7.7 L/yr - ₹10.7 L/yr 213% more
Dabur Sales Development Manager Salary 18 - 21 years exp. (4 salaries)	Unlock ₹43.4 L/yr - ₹46.2 L/yr 1311% more
The Hershey Company Sales Development Manager Salary 23 - 25 years exp. (3 salaries)	Unlock ₹26 L/yr - ₹28 L/yr 737% more

Sales Development Manager salary at HDFC Life ranges between ₹1.5 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 151 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Sales Development Manager in Mumbai

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1 year exp.

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4 years exp.

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1 year exp.

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7 years exp.

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Experience wise HDFC Life Sales Development Manager salaries in Mumbai

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
Fresher (21 salaries)	Unlock ₹1.8 L/yr - ₹3.3 L/yr
1 year (39 salaries)	Unlock ₹1.5 L/yr - ₹3.9 L/yr
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2 years (31 salaries)	Unlock ₹2.1 L/yr - ₹3.5 L/yr
3 years (32 salaries)	Unlock ₹1.8 L/yr - ₹3.5 L/yr
4 years (11 salaries)	Unlock ₹2.2 L/yr - ₹3.8 L/yr
5 years (11 salaries)	Unlock ₹2 L/yr - ₹5.9 L/yr
6 years (3 salaries)	Unlock ₹2.2 L/yr - ₹3.5 L/yr
7 years (3 salaries)	Unlock ₹2.7 L/yr - ₹4 L/yr

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From

Sales Development Manager

₹

Lakhs/yr

0 - 8 years exp.

Senior Sales Manager

₹

Lakhs/yr

4 - 13 years exp.

Sales Development Manager 0 - 8 years exp.

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BDM 0 - 10 years exp.

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7% hike

Assistant Sales Manager 1 - 10 years exp.

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36% hike

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₹2 L/yr - ₹5.08 L/yr

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(140 salaries)

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₹3.3 L/yr - ₹7 L/yr

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₹4.8 L/yr - ₹14 L/yr

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₹5.5 L/yr - ₹12.5 L/yr

Senior Relationship Manager Salary

(27 salaries)

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₹2.2 L/yr - ₹4.15 L/yr

Cluster Manager Salary

(26 salaries)

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₹6 L/yr - ₹11.46 L/yr

Associate Relationship Manager Salary

(13 salaries)

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₹3.05 L/yr - ₹4.8 L/yr

Top skills at HDFC Life for Sales Development Manager

Insurance Sales Life Insurance Sales Bfsi Sales banca sales Bancassurance Insurance Banking Sales Salesforce Sales Development Insurance Banking Sales Life Insurance Insurance Sales banca

Salary related reviews for HDFC Life

3.3

Rated by 22 employees for salary & benefits

Sales Development Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 22 Mar 2023

2.0

for Salary and Benefits

Likes

Not strict work environment Leaves we can easily get for any purpose

Dislikes

Relieving/Experience certificate delayed. Increased salary taken back after resignation. HR not supportive Managers all are not helpful and don't want to take responsibility Salary too low and incentives also hardly we earn

Salary - Poor

+5 more

Sales Development Manager in Mumbai

Sales & Business Development Department

5.0

• posted on 07 Dec 2018

4.0

for Salary and Benefits

Likes

Its a great pleasure to work with HDFC life, there is lots of things to learn about corporate culture & about financial industry. I glad to be a part of HDFC life.

Salary - Good

+6 more

Dislikes

Only one thing i doesn't like that the Pay packages. Otherwise its a great brand

Sales Development Manager in Navi Mumbai

Full Time

Bancassurace-alliance Department

4.0

• posted on 04 May 2022

5.0

for Salary and Benefits

Likes

Working Environment Is very good even the bosses Also in a pandamic company not done any cost cutting they provided a full salary of all employees After Covid They added Retail in Employees Kra means if you want promotion then you have to achieve your Retail Target Is mandatory Working Time Is Very Good

Salary - Excellent

+2 more

Dislikes

Cross sale Pressure is very high

Promotions - Bad

Sales Development Manager in Indore

Bancasurance Department

4.0

• posted on 12 Apr 2019

1.0

for Salary and Benefits

Likes

Hdfc life has good products which you can sale easily in market.

Skill development - Excellent

Dislikes

...e your business to your collogue who is ready to do everything on there words. Compensation issues, Bussiness issues, Location issues,

Salary - Bad

+4 more

Sales Development Manager in Thane

RBL Bank Branch Banking Department

5.0

• posted on 18 Jan 2022

2.0

for Salary and Benefits

Likes

Job Security, Work Culture, Management and Company Culture is excellent. Will give you an opportunity even if you don't have insurance background. Helpful in career growth and personal development.

Skill development - Good

+5 more

Dislikes

Salary and benefits are very low.

Salary - Poor

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Salary Discussions, Hike & Promotions

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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 Sales Development Manager Salary FAQs

What is the salary of Sales Development Manager at HDFC Life Mumbai?

Sales Development Manager salary at HDFC Life in Mumbai ranges between ₹1.5 Lakhs to ₹4.0 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 26% less than the average Sales Development Manager Salary in India. Salary estimates are based on 151 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Sales Development Manager at HDFC Life is 26% less than the average salary of a Sales Development Manager in Mumbai. To know exact salary insights, login to view.

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

Insurance Sales, Life Insurance, Sales, Bfsi Sales and banca sales are some of the popular skills required to work as a Sales Development Manager at HDFC Life Mumbai.

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

Dabur Sales Development Manager Salary - ₹43.4 Lakhs to ₹46.2 Lakhs per year
Pidilite Industries Sales Development Manager Salary - ₹21.0 Lakhs to ₹33.0 Lakhs per year
The Hershey Company Sales Development Manager Salary - ₹26.0 Lakhs to ₹28.0 Lakhs per year
Abbott Nutrition International Sales Development Manager Salary - ₹7.7 Lakhs to ₹10.7 Lakhs per year
Abbott Sales Development Manager Salary - ₹5.7 Lakhs to ₹16.0 Lakhs per year

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

The estimated take-home salary of a Sales Development Manager at HDFC Life ranges between ₹23,310 per month to ₹24,774 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Sales Development Manager salary in India which ranges between ₹1.5 Lakhs to ₹4.0 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 63% of the HDFC Life Sales Development Manager s in Mumbai reported a notice period of 1 Month, 30% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 27 responses on AmbitionBox in last 2 years.

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HDFC Life Sales Development Manager Salaries in Mumbai

HDFC Life Sales Development Manager salary in Mumbai ranges between ₹1.5 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 151 HDFC Life latest salaries received from various employees of HDFC Life.