HDFC Life Mumbai Senior Product Manager Salaries by 30+ Employees (Updated 2025)

4 - 10 years exp.

₹13 Lakhs - ₹33 Lakhs

Salary of majority employees

Fixed (90%)

₹18.4 Lakhs

Variable (10%)

₹2.0 Lakhs

35% less than the average Senior Product Manager Salary in Insurance Companies for 4 - 10 years of experience

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Salaries in different departments

Product Management Senior Product Manager Salary 4 - 9 years exp. (17 salaries)	₹13 L/yr - ₹27 L/yr
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Strategic & Top Management Senior Product Manager Salary 6 years exp. (AmbitionBox Estimate)	₹20 L/yr - ₹22.3 L/yr

Last Updated: 1 Mar 2025

Companies similar to HDFC Life for Senior Product Manager in Mumbai

HDFC Life Senior Product Manager Salary

4 - 10 years exp. (37 salaries)

₹13 L/yr - ₹33 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Senior Product Manager Salary 1 - 7 years exp. (10 salaries)	₹14.5 L/yr - ₹31 L/yr At par
Tata AIA Life Insurance Senior Product Manager Salary 10 - 12 years exp. (3 salaries)	₹30 L/yr - ₹32 L/yr 52% more
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ICICI Lombard General Insurance Company Senior Product Manager Salary 0 - 8 years exp. (100 salaries)	₹6 L/yr - ₹21 L/yr 37% less
HDFC Ergo General Insurance Senior Product Manager Salary 2 - 11 years exp. (8 salaries)	₹11.5 L/yr - ₹23 L/yr At par
Kotak Mahindra General Insurance Senior Product Manager Salary 6 - 7 years exp. (3 salaries)	₹11.9 L/yr - ₹15 L/yr 35% less

Senior Product Manager salary at HDFC Life ranges between ₹13 Lakhs to ₹33 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 37 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Senior Product Manager salaries in Mumbai

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
4 years (3 salaries)	₹13 L/yr - ₹26 L/yr
5 years (12 salaries)	₹13.9 L/yr - ₹31 L/yr
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6 years (11 salaries)	₹13 L/yr - ₹27 L/yr
7 years (4 salaries)	₹17 L/yr - ₹25 L/yr
8 years (AmbitionBox Estimate)	₹15 L/yr - ₹37.8 L/yr
9 years (3 salaries)	₹18 L/yr - ₹24 L/yr
10 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹33 L/yr

View all

Similar Designation salaries in HDFC Life

Product Manager Salary

(58 salaries)

₹7.5 L/yr - ₹20 L/yr

Project Manager Salary

(16 salaries)

₹6.56 L/yr - ₹16.5 L/yr

Lead Product Manager Salary

(6 salaries)

₹12 L/yr - ₹30 L/yr

Senior Project Manager Salary

(6 salaries)

₹8.8 L/yr - ₹22.6 L/yr

Associate Product Manager Salary

(6 salaries)

₹4 L/yr - ₹18 L/yr

Principal Product Manager Salary

(6 salaries)

₹24.6 L/yr - ₹45 L/yr

Digital Product Manager Salary

(3 salaries)

₹21 L/yr - ₹30 L/yr

Top skills at HDFC Life for Senior Product Manager

Product Management Product Strategy

Salary related reviews for HDFC Life

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 19 Aug 2023

1.0

for Salary and Benefits

Likes

Flexibility of work from home.

Job security - Good

Dislikes

...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

Salary - Bad

+5 more

Lead Product Manager in Mumbai

Full Time

Engineering - Software & QA Department

3.0

• posted on 09 Jul 2023

3.0

for Salary and Benefits

Likes

Salary on time Job security

Job security - Good

+1 more

Dislikes

1. Management don't have idea what they want 2. No clarity of work 3. People sitting here from 10 years think they owns the company 4. No supportive colleagues 5. Way of working is not great 6. Lot of internal politics

Skill development - Poor

+2 more

Deputy Manager in Lower Parel, Mumbai

Full Time

Information Technology Department

4.0

• posted on 30 Dec 2022

3.0

for Salary and Benefits

Likes

Too much pressure, however bigger companies have huge responsibility and always be at top to maintain the market standards and rank

Skill development - Excellent

+1 more

Dislikes

No promotion even after getting good appraisals. Salary can be improvised

Promotions - Poor

+1 more

Deputy Manager in Bangalore / Bengaluru

Non sales Department

4.0

• posted on 08 Nov 2018

3.0

for Salary and Benefits

Likes

I have lucky enough to have good bosses for having a good work life balance, with 4yrs old kid, this is main thing which is helping me move on being a non sales staff

Work satisfaction - Excellent

+1 more

Dislikes

Still people resign because of bosses at sales team majorly not because of company or salary,

Skill development - Bad

+2 more

Senior Corporate Agency Manager in Tirunelveli

Full Time

Sales & Business Development Department

4.0

• posted on 28 Feb 2025

3.0

for Salary and Benefits

Likes

In HDFC Life There is time to work life balance. There is no more such pressure about Targets (Depends upon L1 Manager). The brand value is easy to convert among competitors.

Job security - Excellent

+3 more

Dislikes

Salary is very low which is mentioned in payslip. Even HR also didn't know about employees salary. HR department is very week and they didn't care about employees. Very worst department in HDFC LIFE.

see more salary related reviews

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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HDFC Life Senior Product Manager Salary FAQs

What is the salary of Senior Product Manager at HDFC Life Mumbai?

Senior Product Manager salary at HDFC Life in Mumbai ranges between ₹13.0 Lakhs to ₹33.0 Lakhs for experience between 4 years to 10 years. According to our estimates it is 35% less than the average Senior Product Manager Salary in India. Salary estimates are based on 37 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Senior Product Manager at HDFC Life is 35% less than the average salary of a Senior Product Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Senior Product Manager at HDFC Life?

Product Management and Product Strategy are some of the popular skills required to work as a Senior Product Manager at HDFC Life Mumbai.

Which similar companies are paying more than HDFC Life to a Senior Product Manager in Mumbai?

Tata AIA Life Insurance Senior Product Manager Salary - ₹30.0 Lakhs to ₹32.0 Lakhs per year
HDFC Ergo General Insurance Senior Product Manager Salary - ₹11.5 Lakhs to ₹23.0 Lakhs per year
ICICI Prudential Life Insurance Senior Product Manager Salary - ₹14.5 Lakhs to ₹31.0 Lakhs per year

What is the salary of a Senior Product Manager in companies similar to HDFC Life in Mumbai?

Kotak Mahindra General Insurance Senior Product Manager Salary - ₹11.9 Lakhs to ₹15.0 Lakhs per year
ICICI Lombard General Insurance Company Senior Product Manager Salary - ₹6.0 Lakhs to ₹21.0 Lakhs per year

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

The estimated take-home salary of a Senior Product Manager at HDFC Life ranges between ₹1,33,708 per month to ₹1,38,617 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Senior Product Manager salary in India which ranges between ₹13.0 Lakhs to ₹33.0 Lakhs per year for employees with experience between 4 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Senior Product Manager at HDFC Life in Mumbai?

According to AmbitionBox, 35% of the HDFC Life Senior Product Managers in Mumbai reported a notice period of 1 Month, 30% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 17 responses on AmbitionBox in last 2 years.

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HDFC Life Senior Product Manager Salaries in Mumbai

HDFC Life Senior Product Manager salary in Mumbai ranges between ₹13 Lakhs to ₹33 Lakhs with an average annual salary of ₹. Salary estimates are based on 37 HDFC Life latest salaries received from various employees of HDFC Life.