HDFC Life Mumbai Senior Vice President Salaries by 3 Employees (Updated 2025)

20 - 24 years exp.

₹63.3 Lakhs - ₹70.7 Lakhs

Low Confidence

Salary of majority employees

14% more than the average Senior Vice President Salary in Insurance Companies for 20 - 24 years of experience

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Last Updated: 17 Jul 2024

Companies similar to HDFC Life for Senior Vice President in Mumbai

HDFC Life Senior Vice President Salary

20 - 24 years exp. (3 salaries)

₹63.3 L/yr - ₹70.7 L/yr

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Senior Vice President Salary 14 - 24 years exp. (6 salaries)	₹45 L/yr - ₹1.1 Cr/yr 34% more
Max Life Insurance Senior Vice President Salary 20 - 25 years exp. (3 salaries)	₹98 L/yr - ₹1 Cr/yr 48% more
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Tata AIA Life Insurance Senior Vice President Salary 19 - 28 years exp. (3 salaries)	₹44 L/yr - ₹1 Cr/yr 14% more
Kotak Mahindara Life Insurance Senior Vice President Salary 16 - 20 years exp. (16 salaries)	₹30 L/yr - ₹50 L/yr 43% less
ICICI Lombard General Insurance Company Senior Vice President Salary 11 - 26 years exp. (12 salaries)	₹34 L/yr - ₹95 L/yr 16% less
HDFC Ergo General Insurance Senior Vice President Salary 17 - 23 years exp. (6 salaries)	₹38 L/yr - ₹51 L/yr 33% less

Senior Vice President salary at HDFC Life ranges between ₹63.3 Lakhs to ₹70.7 Lakhs per year for employees with experience between 20 years to 24 years. Salary estimates are based on 3 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Senior Vice President salaries in Mumbai

Last Updated: 17 Jul 2024

Experience	Avg Annual Salary
15+ years (3 salaries)	₹26.8 L/yr - ₹1.2 Cr/yr
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Similar Designation salaries in HDFC Life

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₹20 L/yr - ₹50 L/yr

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₹5.5 L/yr - ₹12.5 L/yr

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Assistant Vice President Salary

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Salary related reviews for HDFC Life

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".

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.

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.

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

Deputy Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 07 Aug 2023

2.0

for Salary and Benefits

Dislikes

... 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.

Branch Manager in Kolkata

Agency Channel Department

2.0

• posted on 14 May 2022

1.0

for Salary and Benefits

Likes

There is nothing as such to mention.

Dislikes

Working culture is not at all satisfactory. Regarding payout or salary of an advisor, ADM as well as appirisal of Branch Manager approved but not even processed till now. Seniors are using slang words in Concall as well as open forum.

Deputy General Manager in Bangalore / Bengaluru

IT & Information Security Department

4.0

• posted on 23 May 2022

3.0

for Salary and Benefits

Likes

Very slow growth in career progression and company doesn't spent money and time for people skill development.

Dislikes

Perfect work life balance, but learning curve and salary growth is very below compare to competition.

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Salary Discussions, Hike & Promotions

a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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HDFC Life Senior Vice President Salary FAQs

What is the notice period for Senior Vice President at HDFC Life in Mumbai?

According to AmbitionBox, 100% of the HDFC Life Senior Vice Presidents in Mumbai reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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HDFC Life Senior Vice President Salaries in Mumbai

HDFC Life Senior Vice President salary in Mumbai ranges between ₹63.3 Lakhs to ₹70.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 HDFC Life latest salaries received from various employees of HDFC Life.