HDFC Life Service Manager Salaries by 7 Employees (Updated 2025)

0 - 6 years exp.

₹2.4 Lakhs - ₹3.2 Lakhs

Low Confidence

Salary of majority employees

63% less than the average Service Manager Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

Sales & Business Development Service Manager Salary 0 - 6 years exp. (4 salaries)	₹2.8 L/yr - ₹3.2 L/yr
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BFSI, Investments & Trading Service Manager Salary 3 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr

Last Updated: 14 Jan 2025

Companies similar to HDFC Life for Service Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Service Manager Salary 0 - 6 years exp. (30 salaries)	₹2.2 L/yr - ₹4 L/yr 4% more
ICICI Lombard General Insurance Company Service Manager Salary 8 - 11 years exp. (7 salaries)	₹4 L/yr - ₹5.5 L/yr 73% more
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Axis Max Life Insurance Service Manager Salary 0 - 2 years exp. (6 salaries)	₹1.7 L/yr - ₹3.5 L/yr 10% more
Tata AIA Life Insurance Service Manager Salary 1 - 6 years exp. (3 salaries)	₹2.7 L/yr - ₹3.5 L/yr 7% more
PNB MetLife Service Manager Salary 0 - 6 years exp. (3 salaries)	₹3.3 L/yr - ₹7 L/yr 94% more
Allianz Service Manager Salary 8 - 9 years exp. (3 salaries)	₹6 L/yr - ₹13.3 L/yr 164% more

Service Manager salary at HDFC Life ranges between ₹2.4 Lakhs to ₹3.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 7 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Service Manager salaries

Last Updated: 14 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
1 year (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
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2 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.5 L/yr
6 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr

View all

Similar Designation salaries in HDFC Life

Area Service Manager Salary

(3 salaries)

₹4 L/yr - ₹6 L/yr

Service Engineer Salary

(AmbitionBox Estimate)

₹14.4 L/yr - ₹18.4 L/yr

Service Advisor Salary

(5 salaries)

₹0.95 L/yr - ₹2.15 L/yr

Area Manager Salary

(36 salaries)

₹7.71 L/yr - ₹19 L/yr

Center Manager Salary

(3 salaries)

₹6 L/yr - ₹7.5 L/yr

Deputy Manager Salary

(827 salaries)

₹3.5 L/yr - ₹12.25 L/yr

Territory Manager Salary

(150 salaries)

₹11.32 L/yr - ₹21 L/yr

Sales Manager Salary

(697 salaries)

₹1.1 L/yr - ₹7.5 L/yr

Regional Service Manager Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Customer Service Manager Salary

(7 salaries)

₹3.5 L/yr - ₹8 L/yr

Salary related reviews for HDFC Life

1.9

Rated by 4 employees for salary & benefits

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

Sales Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 24 Oct 2023

3.0

for Salary and Benefits

Likes

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

Skill development - Poor

+5 more

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

Territory Manager in Mumbai

Sales & Business Development Department

1.0

• posted on 11 Apr 2022

1.0

for Salary and Benefits

Likes

Literally nothing

Dislikes

...c targets, no support from seniors instead they pressurise you beyond reason. Zilch in the name of L&D, Worst IT infrastructure, they can’t even pay for outlook, they use free version of Notes even for mails.

Salary - Bad

+6 more

Sales Manager in Bhubaneswar

Sales & Business Development Department

4.0

• posted on 07 Mar 2022

4.0

for Salary and Benefits

Likes

Growth in career as your performance is dependent on your target fulfilment. Learning is good and step-up certification can give your career a boost.

Salary - Good

+6 more

Dislikes

Designation is indirectly proportional to salary. Salary is not that good but we earn good incentives and contests to earn and travel.

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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 Service Manager Salary FAQs

What is the salary of Service Manager at HDFC Life ?

The average salary of a Service Manager at HDFC Life in India typically ranges from ₹2.4 Lakhs to ₹3.2 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Service Manager at HDFC Life earn more than ₹3.2 Lakhs per year, and the top 1% earn over ₹3.2 Lakhs per year. Service 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 7 HDFC Life employees in India.

What is the estimated take home salary of a Service Manager at HDFC Life in India?

The estimated take-home salary of a Service Manager at HDFC Life in India typically ranges from ₹21,196 to ₹22,841 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹3.2 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 7 salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDFC Life for Service Manager in India?

Allianz	₹6.0 Lakhs to ₹13.3 Lakhs per year
PNB MetLife	₹3.3 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company	₹4.0 Lakhs to ₹5.5 Lakhs per year
Axis Max Life Insurance	₹1.7 Lakhs to ₹3.5 Lakhs per year
Tata AIA Life Insurance	₹2.7 Lakhs to ₹3.5 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.

What is the salary of a Service Manager in companies similar to HDFC Life in India?

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

ICICI Prudential Life Insurance

₹2.2 Lakhs to ₹4.0 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 Service Manager at HDFC Life in India?

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

Experience	Average Salary Range
Fresher	₹2.5 Lakhs to ₹3.2 Lakhs per year
1 year	₹2.6 Lakhs to ₹3.3 Lakhs per year
2 years	₹2.6 Lakhs to ₹3.4 Lakhs per year
3 years	₹2.7 Lakhs to ₹3.4 Lakhs per year

and so on.

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HDFC Life Service Manager Salaries

HDFC Life Service Manager salary in India ranges between ₹2.4 Lakhs to ₹3.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 HDFC Life latest salaries received from various employees of HDFC Life.