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

0 - 6 years exp.

₹1.9 Lakh - ₹3.9 Lakhs

Salary of majority employees

6% 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

Sales & Business Development SDM Salary 0 - 6 years exp. (8 salaries)	₹2.6 L/yr - ₹3.6 L/yr
BFSI, Investments & Trading SDM Salary 1 - 3 years exp. (7 salaries)	₹2.3 L/yr - ₹3.3 L/yr
Login to view exact salary
Finance & Accounting SDM Salary 2 - 5 years exp. (3 salaries)	₹1.9 L/yr - ₹3.4 L/yr
Marketing & Communication SDM Salary 1 - 3 years exp. (3 salaries)	₹2.4 L/yr - ₹3.4 L/yr
Customer Success, Service & Operations SDM Salary 2 years exp. (AmbitionBox Estimate)	₹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. (27 salaries)

₹1.9 L/yr - ₹3.9 L/yr

Company name	Avg Annual Salary	Open Jobs
IndusInd Bank SDM Salary 0 - 8 years exp. (14 salaries)	₹3.1 L/yr - ₹5.5 L/yr 33% more
RBL Bank SDM Salary 10 - 18 years exp. (5 salaries)	₹8 L/yr - ₹10 L/yr 170% more
Login to view exact salary
Loves Cloud SDM Salary 12 - 17 years exp. (3 salaries)	₹14 L/yr - ₹20 L/yr 425% 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 27 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life SDM salaries in Mumbai

Last Updated: 28 Feb 2025

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

View all

Similar Designation salaries in HDFC Life

Senior Associate Salary

(496 salaries)

₹1.05 L/yr - ₹4.6 L/yr

Deputy Manager Salary

(477 salaries)

₹3.5 L/yr - ₹12.5 L/yr

Chief Manager Salary

(163 salaries)

₹14 L/yr - ₹30 L/yr

Executive Trainee Salary

(97 salaries)

₹3 L/yr - ₹5.75 L/yr

Management Trainee Salary

(78 salaries)

₹5 L/yr - ₹15 L/yr

Corporate Manager Salary

(62 salaries)

₹3 L/yr - ₹10.5 L/yr

Sales Executive Salary

(22 salaries)

₹1.1 L/yr - ₹4.98 L/yr

Senior Associate Operations Salary

(19 salaries)

₹2.15 L/yr - ₹3.75 L/yr

Circle Head Salary

(13 salaries)

₹10.7 L/yr - ₹17.5 L/yr

BDM Salary

(3 salaries)

₹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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

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

Got a question about HDFC Life?

Ask anonymously on communities.

HDFC Life SDM Salary FAQs

What is the salary of SDM at HDFC Life in Mumbai?

The average salary of a SDM at HDFC Life in Mumbai typically ranges from ₹1.9 Lakhs to ₹3.9 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of SDM in Mumbai at HDFC Life earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.9 Lakhs per year. SDM 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 20+ HDFC Life employees in India.

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 in Mumbai typically ranges from ₹23,937 to ₹25,392 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹3.9 Lakhs per year for employees with experience ranging from Fresher to 6 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 20+ 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 SDM at HDFC Life in Mumbai?

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

- Life Insurance
- Salesforce
- Banking Sales
- financial sales
- Sales

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 SDM in India?

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

How the salary growth look like for a SDM at HDFC Life in Mumbai?

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

Experience	Average Salary Range
Fresher	₹2.6 Lakhs to ₹5.8 Lakhs per year
1 year	₹2.2 Lakhs to ₹3.4 Lakhs per year
2 years	₹2.3 Lakhs to ₹5.9 Lakhs per year
3 years	₹1.9 Lakhs to ₹5.9 Lakhs per year

and so on.

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