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HDFC Life SDM salaries in India

Annual salary range
0 - 6 years exp.
₹1.8 Lakh - ₹4 Lakhs
Salary of majority employees
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67% less than the average SDM Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
SDM Salary
0 - 6 years exp. (77 salaries)
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₹1.8 L/yr - ₹3.5 L/yr

Sales & Business Development
SDM Salary
0 - 6 years exp. (53 salaries)
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₹1.8 L/yr - ₹4 L/yr

Finance & Accounting
SDM Salary
0 - 6 years exp. (27 salaries)
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₹1.8 L/yr - ₹3.6 L/yr

Customer Success, Service & Operations
SDM Salary
0 - 5 years exp. (21 salaries)
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₹2.1 L/yr - ₹3.5 L/yr

Marketing & Communication
SDM Salary
1 - 5 years exp. (10 salaries)
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₹2.2 L/yr - ₹4 L/yr

Last Updated: 16 Dec 2024

Companies similar to HDFC Life for SDM

Company name Avg Annual Salary Open Jobs
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₹4 L/yr - ₹4.5 L/yr

arrow icon 36% more
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IndusInd Bank SDM Salary

0 - 8 years exp. (175 salaries)

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₹2.2 L/yr - ₹6 L/yr

arrow icon 42% more
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Amazon SDM Salary

8 - 22 years exp. (46 salaries)

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₹40 L/yr - ₹1.3 Cr/yr

arrow icon 2911% more
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Cognizant SDM Salary

11 - 19 years exp. (18 salaries)

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₹14 L/yr - ₹26 L/yr

arrow icon 583% more
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HDFC Bank SDM Salary

0 - 7 years exp. (16 salaries)

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₹1.8 L/yr - ₹4 L/yr

arrow icon 18% less
SDM salary at HDFC Life ranges between ₹1.8 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 266 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life SDM

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3 years exp.
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1 year exp.
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1 year exp.
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Experience wise HDFC Life SDM salaries

Last Updated: 16 Dec 2024

Experience Avg Annual Salary
Fresher  (34 salaries)

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₹1.8 L/yr - ₹3.3 L/yr
1 year  (56 salaries)

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₹1.8 L/yr - ₹3.5 L/yr
2 years  (67 salaries)

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₹1.8 L/yr - ₹3.6 L/yr
3 years  (51 salaries)

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₹1.8 L/yr - ₹4 L/yr
4 years  (32 salaries)

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₹1.8 L/yr - ₹4 L/yr
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Similar Designation salaries in HDFC Life

Senior Associate Salary
(771 salaries)
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₹1.1 L/yr - ₹4.7 L/yr
Deputy Manager Salary
(737 salaries)
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₹3.5 L/yr - ₹12.1 L/yr
Executive Trainee Salary
(538 salaries)
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₹3 L/yr - ₹8 L/yr
Corporate Manager Salary
(485 salaries)
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₹2.4 L/yr - ₹11.05 L/yr
Chief Manager Salary
(201 salaries)
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₹14 L/yr - ₹30 L/yr
Sales Executive Salary
(197 salaries)
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₹0.95 L/yr - ₹5.5 L/yr
BDM Salary
(192 salaries)
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₹2 L/yr - ₹4.5 L/yr
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₹4.5 L/yr - ₹15 L/yr
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₹1.8 L/yr - ₹4.25 L/yr
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₹1.2 L/yr - ₹4.2 L/yr

Top skills at HDFC Life for SDM

Life Insurance Banking Sales financial sales Sales

Salary related reviews for HDFC Life

3.9

Rated by 131 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 25 Apr 2023

3.0
 for  Salary and Benefits

Likes

...l Rules/regulations and values set by the organisation are really praise worthy. Good initial salary package. You will learn communication skills and build confidence but not much technical skills though.

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Dislikes

The management staff doesn't really follow what has been preached. You will be verbally harassed for not meeting targets, i have seen senior make fun of people based on their looks. According to the company's rules miss selling is a taboo but managers will force you to sell products by hook or crook to meet targets. You will be made to work extra long hours instead of the promised actual time. if it's a big branch with more competation and god forbid if the competition gets good business, you will be chewed up by your senior's on a private call. My friend was in tears when he got shouted on for not being able to get business and it was only his first month. Overall the framework of the company is nice but whether you will enjoy your work life or not depends on the kind of superiors you get.

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Full Time

 · 

Finance & Accounting Department

4.0
  •  posted on 24 Aug 2021

3.0
 for  Salary and Benefits

Likes

Work culture, Supportive system, Best support from operation department (spl Sagarbhai of Valsad Branch), Very easy to understand the system

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Dislikes

Low support from HR department, other deduction in salary without any intimation and knowledge, handling 3-4 branch in same salary as one branch which is very low and unaffordable.

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Full Time

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Other Department

4.0
  •  posted on 04 Oct 2024

3.0
 for  Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

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Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

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Full Time

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Customer Success, Service & Operations Department

1.0
  •  posted on 19 Jul 2024

1.0
 for  Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

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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".

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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.

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HDFC Life SDM Salary FAQs

What is the salary of SDM at HDFC Life?
SDM salary at HDFC Life in India ranges between ₹1.8 Lakhs to ₹4.0 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 67% less than the average SDM Salary in India. Salary estimates are based on 266 latest salaries received from various employees of HDFC Life India.
How does the salary of a SDM at HDFC Life India compare with the average salary range for this job?
The average salary of a SDM at HDFC Life is 67% less than the average salary of a SDM in India. To know exact salary insights, login to view.
What are the top skills required to work as a SDM at HDFC Life?
Life Insurance, Banking Sales, financial sales and Sales are some of the popular skills required to work as a SDM at HDFC Life India.
Which similar companies are paying more than HDFC Life to a SDM in India?
  • Amazon SDM Salary - ₹40.0 Lakhs to ₹130.0 Lakhs per year
  • Cognizant SDM Salary - ₹14.0 Lakhs to ₹26.0 Lakhs per year
  • IndusInd Bank SDM Salary - ₹2.2 Lakhs to ₹6.0 Lakhs per year
  • ICICI Lombard General Insurance Company SDM Salary - ₹4.0 Lakhs to ₹4.5 Lakhs per year
What is the salary of a SDM in companies similar to HDFC Life in India?
  • HDFC Bank SDM Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year
What is the estimated take home salary of a SDM at HDFC Life in India?
The estimated take-home salary of a SDM at HDFC Life ranges between ₹22,684 per month to ₹24,157 per month in India. The take-home salary calculation is based on the average HDFC Life SDM salary in India which ranges between ₹1.8 Lakhs to ₹4.0 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?
What is the notice period for SDM at HDFC Life?
According to AmbitionBox, 68% of the HDFC Life SDMs reported a notice period of 1 Month, 24% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 534 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

HDFC Life SDM salary in India ranges between ₹1.8 Lakh to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 266 HDFC Life latest salaries received from various employees of HDFC Life.