HDFC Life Mumbai Senior Sales Manager Salaries by 10+ Employees

5 - 11 years exp.

₹4.7 Lakhs - ₹7.5 Lakhs

Salary of majority employees

35% less than the average Senior Sales Manager Salary in Insurance Companies for 5 - 11 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Sales & Business Development Senior Sales Manager Salary 5 - 10 years exp. (6 salaries)	₹4.7 L/yr - ₹7.5 L/yr
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BFSI, Investments & Trading Senior Sales Manager Salary 6 - 8 years exp. (4 salaries)	₹5.9 L/yr - ₹6.5 L/yr

Last Updated: 17 Jan 2024

Companies similar to HDFC Life for Senior Sales Manager in Mumbai

HDFC Life Senior Sales Manager Salary

5 - 11 years exp. (12 salaries)

₹4.7 L/yr - ₹7.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Senior Sales Manager Salary 4 - 15 years exp. (19 salaries)	₹7 L/yr - ₹12 L/yr 38% more
Bajaj Allianz Life Insurance Senior Sales Manager Salary 0 - 8 years exp. (18 salaries)	₹3 L/yr - ₹4.5 L/yr 50% less	7 job openings
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Kotak Mahindara Life Insurance Senior Sales Manager Salary 1 - 5 years exp. (10 salaries)	₹3 L/yr - ₹6.3 L/yr 22% less
Aditya Birla Sun Life Insurance Senior Sales Manager Salary 3 - 11 years exp. (8 salaries)	₹5.1 L/yr - ₹10.7 L/yr 27% more
Tata AIA Life Insurance Senior Sales Manager Salary 4 - 10 years exp. (5 salaries)	₹3.9 L/yr - ₹7.1 L/yr 6% less
SBI General Insurance Senior Sales Manager Salary 5 - 11 years exp. (3 salaries)	₹4.5 L/yr - ₹6 L/yr 18% less

Senior Sales Manager salary at HDFC Life ranges between ₹4.7 Lakhs to ₹7.5 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 12 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Senior Sales Manager salaries in Mumbai

Last Updated: 17 Jan 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr
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7 years (3 salaries)	₹5.3 L/yr - ₹6.5 L/yr
8 years (4 salaries)	₹4.7 L/yr - ₹11.8 L/yr
9 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
10 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.6 L/yr
11 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr

View all

Similar Designation salaries in HDFC Life

Sales Manager Salary

(91 salaries)

₹2.2 L/yr - ₹7.5 L/yr

Assistant Sales Manager Salary

(50 salaries)

₹3.2 L/yr - ₹5.5 L/yr

Branch Manager Salary

(32 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Area Manager Salary

(27 salaries)

₹11.37 L/yr - ₹19 L/yr

Territory Sales Manager Salary

(5 salaries)

₹4.5 L/yr - ₹14 L/yr

Top skills at HDFC Life for Senior Sales Manager

Insurance Sales Business Development Management Sales Agency Channel Sales Management Strategic Business Planning Life Insurance Insurance Distribution Network Communication Skills Area Sales Management Marketing Management Corporate Sales agency Sales and Marketing

Salary related reviews for HDFC Life

Senior Sales Manager in Visakhapatnam

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 27 Sep 2023

2.0

for Salary and Benefits

Likes

...nd especially promotions structure is very much clear and very much transparent. But salary and rest benefits are not upto the mark.

Skill development - Excellent

+5 more

Dislikes

Salary and other benefits are not justified & upto the mark.

Salary - Poor

Senior Sales Manager in Bhopal

Tide Department

1.0

• posted on 23 Aug 2018

3.0

for Salary and Benefits

Likes

Compensation part

Dislikes

Almost every thing.. Like 7 days compulsory working... Office timings morning 9 to 9 at night... No time for families. No training... No induction... No support... Just pressure from zero day...

Skill development - Bad

+5 more

Sales Manager in Cuttack

Full Time

CSR & Social Service Department

4.0

• posted on 23 Mar 2025

2.0

for Salary and Benefits

Likes

The company has lots of data, They r learning you in first stage and after that they r find a way to indicate you wrongly.

Job security - Good

Dislikes

Less salary, no support from trainer, biggest layers, no leaves, no support from L1 and above, no motivation only needed business, so if u r afresher think twice before joining.

Salary - Poor

Business Development Manager in Bijnor

Full Time

Marketing & Communication Department

5.0

• posted on 10 Feb 2025

1.0

for Salary and Benefits

Likes

Hello team m Rishabh Rastogi from HDFC LIFE Bijnor Branch, there is a lot of pressure here for work and HDFC Life is a very good brand but there are no facilities for the employees in the office.

Work-life balance - Excellent

Dislikes

Here the calculation is less Here the salary is very high as compared to low and the facilities are also very less, the promotions target is very high and there are many parameters.

Salary - Bad

+4 more

Business Development Manager in Vasai-Virar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 30 May 2024

3.0

for Salary and Benefits

Likes

You get salary on time.

Dislikes

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.

Work satisfaction - Bad

+2 more

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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

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HDFC Life Senior Sales Manager Salary FAQs

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

The average salary of a Senior Sales Manager at HDFC Life in Mumbai typically ranges from ₹4.7 Lakhs to ₹7.5 Lakhs per year, depending on experience (from 5 years to 11 years).

The top 10% of Senior Sales Manager in Mumbai at HDFC Life earn more than ₹6.8 Lakhs per year, and the top 1% earn over ₹7.5 Lakhs per year. Senior Sales Manager 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 10+ HDFC Life employees in India.

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

The estimated take-home salary of a Senior Sales Manager at HDFC Life in Mumbai typically ranges from ₹48,639 to ₹49,789 per month. This is based on the average salary range of ₹4.7 Lakhs to ₹7.5 Lakhs per year for employees with experience ranging from 5 years to 11 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 10+ 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 Senior Sales Manager at HDFC Life in Mumbai?

To be a Senior Sales Manager at HDFC Life in Mumbai, the key skills required include:

- Insurance Sales
- Business Development Management
- Sales
- Agency Channel
- Sales Management

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 Senior Sales Manager in India?

ICICI Lombard General Insurance Company	₹7.0 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹5.1 Lakhs to ₹10.7 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.

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

The salary of a Senior Sales Manager at companies similar to HDFC Life in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata AIA Life Insurance	₹3.9 Lakhs to ₹7.1 Lakhs per year
SBI General Insurance	₹4.5 Lakhs to ₹6.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.0 Lakhs to ₹6.3 Lakhs per year
Bajaj Allianz Life Insurance	₹3.0 Lakhs to ₹4.5 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Senior Sales Manager at HDFC Life in Mumbai?

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

Experience	Average Salary Range
5 years	₹5.5 Lakhs to ₹7.0 Lakhs per year
6 years	₹5.7 Lakhs to ₹7.2 Lakhs per year
7 years	₹5.3 Lakhs to ₹6.5 Lakhs per year
8 years	₹4.7 Lakhs to ₹11.8 Lakhs per year

and so on.

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HDFC Life Senior Sales Manager Salaries in Mumbai

HDFC Life Senior Sales Manager salary in Mumbai ranges between ₹4.7 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 HDFC Life latest salaries received from various employees of HDFC Life.