HDFC Life Mumbai SDM Salaries by 20+ Employees (Updated 2025)

0 - 6 years exp.

₹1.9 Lakh - ₹3.9 Lakhs

Salary of majority employees

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7% less than the average SDM Salary in Insurance Companies for 0 - 6 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading SDM Salary 0 - 3 years exp. (8 salaries)	Unlock ₹2.3 L/yr - ₹3.4 L/yr
Sales & Business Development SDM Salary 0 - 6 years exp. (8 salaries)	Unlock ₹2.6 L/yr - ₹3.6 L/yr
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Finance & Accounting SDM Salary 2 - 5 years exp. (3 salaries)	Unlock ₹1.9 L/yr - ₹3.4 L/yr
Marketing & Communication SDM Salary 1 - 3 years exp. (3 salaries)	Unlock ₹2.4 L/yr - ₹3.4 L/yr
Customer Success, Service & Operations SDM Salary 2 years exp. (AmbitionBox Estimate)	Unlock ₹2.8 L/yr - ₹3.4 L/yr

Last Updated: 28 Feb 2025

Companies similar to HDFC Life for SDM in Mumbai

HDFC Life SDM Salary

0 - 6 years exp. (28 salaries)

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₹1.9 L/yr - ₹3.9 L/yr

Company name	Avg Annual Salary	Open Jobs
IndusInd Bank SDM Salary 0 - 8 years exp. (15 salaries)	Unlock ₹3.1 L/yr - ₹5.5 L/yr 34% more
RBL Bank SDM Salary 10 - 17 years exp. (4 salaries)	Unlock ₹8 L/yr - ₹10 L/yr 159% more
Login to view exact salary
Loves Cloud SDM Salary 12 - 17 years exp. (3 salaries)	Unlock ₹14 L/yr - ₹20 L/yr 424% more

SDM salary at HDFC Life ranges between ₹1.9 Lakh to ₹3.9 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 28 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life SDM in Mumbai

1w ago

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6 years exp.

3mo ago

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5 years exp.

5mo ago

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5 years exp.

6mo ago

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4 years exp.

7mo ago

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6 years exp.

1y ago

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1 year exp.

1y ago

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5 months exp.

1y ago

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2 years exp.

1y ago

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3 years exp.

1y ago

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4 years exp.

Experience wise HDFC Life SDM salaries in Mumbai

Last Updated: 28 Feb 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	Unlock ₹2.6 L/yr - ₹5.8 L/yr
1 year (4 salaries)	Unlock ₹2.2 L/yr - ₹3.4 L/yr
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2 years (7 salaries)	Unlock ₹2.3 L/yr - ₹5.9 L/yr
3 years (5 salaries)	Unlock ₹1.9 L/yr - ₹5.9 L/yr
4 years (3 salaries)	Unlock ₹2.9 L/yr - ₹3.9 L/yr
5 years (4 salaries)	Unlock ₹2.4 L/yr - ₹3.6 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹1.3 L/yr - ₹3.6 L/yr

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Executive Trainee Salary

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₹5 L/yr - ₹15 L/yr

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Sales Executive Salary

(25 salaries)

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₹1.1 L/yr - ₹4.98 L/yr

Senior Associate Operations Salary

(19 salaries)

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₹2.15 L/yr - ₹3.75 L/yr

Circle Head Salary

(11 salaries)

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₹10.7 L/yr - ₹17.5 L/yr

BDM Salary

(3 salaries)

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₹3.25 L/yr - ₹3.61 L/yr

Top skills at HDFC Life for SDM

Life Insurance Salesforce Banking Sales financial sales Sales

Salary related reviews for HDFC Life

3.8

Rated by 6 employees for salary & benefits

SDM in Goa

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.

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.

Work-life balance - Poor

SDM in Valsad

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

Skill development - Good

+4 more

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.

Senior Associate in Machilipatnam

Full Time

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.

Skill development - Excellent

+2 more

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.

Promotions - Poor

Senior Associate in Mumbai

Full Time

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.

Salary - Bad

+6 more

Operations Manager in Mumbai

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".

Job security - Excellent

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.

Salary - Bad

+4 more

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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 SDM Salary FAQs

What is the salary of SDM at HDFC Life Mumbai?

SDM salary at HDFC Life in Mumbai ranges between ₹1.9 Lakhs to ₹3.9 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 7% less than the average SDM Salary in India. Salary estimates are based on 28 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a SDM at HDFC Life is 7% less than the average salary of a SDM in Mumbai. To know exact salary insights, login to view.

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

Life Insurance, Salesforce, Banking Sales, financial sales and Sales are some of the popular skills required to work as a SDM at HDFC Life Mumbai.

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

Loves Cloud SDM Salary - ₹14.0 Lakhs to ₹20.0 Lakhs per year
RBL Bank SDM Salary - ₹8.0 Lakhs to ₹10.0 Lakhs per year
IndusInd Bank SDM Salary - ₹3.1 Lakhs to ₹5.5 Lakhs per year

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

The estimated take-home salary of a SDM at HDFC Life ranges between ₹23,958 per month to ₹25,412 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life SDM salary in India which ranges between ₹1.9 Lakhs to ₹3.9 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 in Mumbai?

According to AmbitionBox, 67% of the HDFC Life SDMs in Mumbai reported a notice period of 1 Month, 25% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 12 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

HDFC Life SDM salary in Mumbai ranges between ₹1.9 Lakh to ₹3.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 28 HDFC Life latest salaries received from various employees of HDFC Life.