HDFC Life Senior Business Manager Salaries by 3 Employees (Updated 2024)

6 - 14 years exp.

₹5.5 Lakhs - ₹8.4 Lakhs

Low Confidence

Salary of majority employees

44% less than the average Senior Business Manager Salary in Insurance Companies for 6 - 14 years of experience

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Last Updated: 24 Sep 2024

Companies similar to HDFC Life for Senior Business Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Senior Business Manager Salary 5 - 8 years exp. (5 salaries)	₹3.5 L/yr - ₹6.5 L/yr 42% less
SBI Life Insurance Company Senior Business Manager Salary 5 - 10 years exp. (7 salaries)	₹6 L/yr - ₹8.5 L/yr 24% less
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Max Life Insurance Senior Business Manager Salary 8 - 12 years exp. (3 salaries)	₹5.3 L/yr - ₹11.4 L/yr 10% less
Kotak Mahindara Life Insurance Senior Business Manager Salary 4 - 11 years exp. (4 salaries)	₹4.8 L/yr - ₹6.2 L/yr 35% less
Bajaj Allianz Life Insurance Senior Business Manager Salary 3 - 10 years exp. (44 salaries)	₹3.6 L/yr - ₹4.8 L/yr 46% less
Reliance Nippon Life Insurance Senior Business Manager Salary 3 - 10 years exp. (3 salaries)	₹3.5 L/yr - ₹3.8 L/yr 56% less
Tata AIA Life Insurance Senior Business Manager Salary 11 - 20 years exp. (5 salaries)	₹9.5 L/yr - ₹11.8 L/yr 36% more
PNB MetLife Senior Business Manager Salary 5 - 11 years exp. (44 salaries)	₹3.6 L/yr - ₹6.2 L/yr 43% less
ICICI Lombard General Insurance Company Senior Business Manager Salary 1 - 6 years exp. (3 salaries)	₹3.4 L/yr - ₹4.6 L/yr 46% less

Senior Business Manager salary at HDFC Life ranges between ₹5.5 Lakhs to ₹8.4 Lakhs per year for employees with experience between 6 years to 14 years. Salary estimates are based on 3 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Senior Business Manager salaries

Last Updated: 24 Sep 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹14.1 L/yr
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹14.2 L/yr
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8 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
9 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
10 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
11 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
12 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.4 L/yr
13 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.5 L/yr
14 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹14.9 L/yr

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Salary related reviews for HDFC Life

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for Salary and Benefits

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You get salary on time.

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Late night sitting unnecessarily, Rude and rough language usage by bosses inspite of men or women, Depreciation, Don't follow code of conduct,Don't respect staffs ,only business and results, lack of co-operation and team work, Insist for hard drinks ,Bad behaviour, don't get leave if you don't perform, bias nature.

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Already they are top in insurance sector so people know about this company that's good part.

Dislikes

...se that's why they are doing insurance these are the facts they take advantage In small salary package thier expectation is more than crore For a freshers Or 2 years experience not good place to work You have to travel every single day like a horse (on your money) Many more people don't share because they sacred if they share they can't get job because these people leaves and they go to another company so it's like round like earth anyone can meet anywhere In 100 people only will success 2

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3.0

• posted on 05 May 2024

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Big brand. People know the brand very well

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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.

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...nt is not supportive and the way they communicate with lower levels is terrible. Salary structure is horrible and shift hours are expected for 12 to 14 hrs a day

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... Saturday and Sunday off as they have mentioned holiday at the time of joining. Also I feel there is discrimination in salary increament policy and working time among employees.

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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HDFC Life Senior Business Manager Salary FAQs

What is the notice period for Senior Business Manager at HDFC Life?

According to AmbitionBox, 29% of the HDFC Life Senior Business Managers reported a notice period of 15 days or less, 28% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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HDFC Life Senior Business Manager Salaries

HDFC Life Senior Business Manager salary in India ranges between ₹5.5 Lakhs to ₹8.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 HDFC Life latest salaries received from various employees of HDFC Life.