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HDFC Life

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HDFC Life SM salaries in India (Updated 2025)

Annual salary range
1 - 17 years exp.
₹3.8 Lakhs - ₹5.3 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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48% less than the average SM Salary in Insurance Companies for 1 - 17 years of experience

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Salaries in different departments

Sales & Business Development
SM Salary
1 - 17 years exp. (4 salaries)
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₹3.8 L/yr - ₹5 L/yr

BFSI, Investments & Trading
SM Salary
2 - 9 years exp. (3 salaries)
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₹4.3 L/yr - ₹5.3 L/yr

Last Updated: 3 Jan 2025

Companies similar to HDFC Life for SM

Company name Avg Annual Salary Open Jobs
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Axis Max Life Insurance SM Salary

1 - 10 years exp. (15 salaries)

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₹3.1 L/yr - ₹5.5 L/yr

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Kotak Mahindara Life Insurance SM Salary

2 - 6 years exp. (13 salaries)

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₹3.3 L/yr - ₹4.5 L/yr

arrow icon 10% less
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Bajaj Allianz Life Insurance SM Salary

0 - 6 years exp. (11 salaries)

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₹2 L/yr - ₹3.5 L/yr

arrow icon 35% less
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HDFC Ergo General Insurance SM Salary

0 - 6 years exp. (9 salaries)

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₹3.1 L/yr - ₹4.2 L/yr

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₹5.1 L/yr - ₹7.1 L/yr

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PNB MetLife SM Salary

3 - 6 years exp. (5 salaries)

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₹2.3 L/yr - ₹4.2 L/yr

arrow icon 27% less
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Reliance Nippon Life Insurance SM Salary

1 - 9 years exp. (4 salaries)

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₹2.3 L/yr - ₹2.5 L/yr

arrow icon 46% less
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Life Insurance Corporation of India SM Salary

5 - 16 years exp. (4 salaries)

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₹3 L/yr - ₹4.8 L/yr

arrow icon 6% less
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ICICI Prudential Life Insurance SM Salary

2 - 4 years exp. (3 salaries)

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₹6.5 L/yr - ₹7.1 L/yr

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Shriram Life Insurance SM Salary

3 - 7 years exp. (3 salaries)

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₹2.3 L/yr - ₹3.2 L/yr

arrow icon 39% less
SM salary at HDFC Life ranges between ₹3.8 Lakhs to ₹5.3 Lakhs per year for employees with experience between 1 year to 17 years. Salary estimates are based on 10 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life SM

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6 years exp.
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9 years exp.
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8 years exp.
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8 years exp.
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9 years exp.
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17 years exp.
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Experience wise HDFC Life SM salaries

Last Updated: 3 Jan 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3.8 L/yr - ₹7.9 L/yr
2 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.5 L/yr
3 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
4 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
View all

Similar Designation salaries in HDFC Life

Senior Associate Salary
(774 salaries)
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₹1.05 L/yr - ₹4.6 L/yr
Deputy Manager Salary
(731 salaries)
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₹3.5 L/yr - ₹12.1 L/yr
Executive Trainee Salary
(570 salaries)
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₹3 L/yr - ₹8 L/yr
Corporate Manager Salary
(499 salaries)
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₹2.95 L/yr - ₹11.05 L/yr
SDM Salary
(301 salaries)
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₹1.75 L/yr - ₹4 L/yr
Chief Manager Salary
(206 salaries)
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₹14 L/yr - ₹30 L/yr
Sales Executive Salary
(190 salaries)
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₹1 L/yr - ₹5 L/yr
BDM Salary
(168 salaries)
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₹2 L/yr - ₹4.25 L/yr
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₹4.75 L/yr - ₹15 L/yr
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₹1.8 L/yr - ₹4.25 L/yr

Salary related reviews for HDFC Life

2.0

Rated by 3 employees for salary & benefits

Full Time

 · 

Other Department

4.0
  •  posted on 04 Oct 2024

3.0
 for  Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

read more
  • Skill development - Excellent
  • +2 more

Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

read more
  • Promotions - Poor

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 19 Jul 2024

1.0
 for  Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

read more
  • Salary - Bad
  • +6 more

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".

read more
  • Job security - Excellent

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.

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 25 Apr 2023

3.0
 for  Salary and Benefits

Likes

...l Rules/regulations and values set by the organisation are really praise worthy. Good initial salary package. You will learn communication skills and build confidence but not much technical skills though.

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Dislikes

The management staff doesn't really follow what has been preached. You will be verbally harassed for not meeting targets, i have seen senior make fun of people based on their looks. According to the company's rules miss selling is a taboo but managers will force you to sell products by hook or crook to meet targets. You will be made to work extra long hours instead of the promised actual time. if it's a big branch with more competation and god forbid if the competition gets good business, you will be chewed up by your senior's on a private call. My friend was in tears when he got shouted on for not being able to get business and it was only his first month. Overall the framework of the company is nice but whether you will enjoy your work life or not depends on the kind of superiors you get.

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  • Work-life balance - Poor

Full Time

 · 

Other Department

3.0
  •  posted on 03 Sep 2023

2.0
 for  Salary and Benefits

Likes

Stable job, one can work with co for long term. Good HR policies. Female friendly and safe organisation.

  • Skill development - Good
  • +2 more

Dislikes

1. Pay structure is poor. The CTC includes the annual bonus. That means for earning your own CTC, one has to earn rating. 2. The managers are poor skilled, knows only to create pressure but don't know to manage pressure. Don't groom the teams. 3. 6 days working. 4. Way behind technically. Huge manual work is still there which can be handled by improved technology. 5. Overall, the co doesn't want to spend money over people, over technology,

read more
  • Salary - Poor
  • +2 more
see more salary related reviews

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HDFC Life SM Salary FAQs

What is the salary of SM at HDFC Life ?
The average salary of a SM at HDFC Life in India typically ranges from ₹3.8 Lakhs to ₹5.3 Lakhs per year, depending on experience (from 1 year to 17 years).

The top 10% of SM at HDFC Life earn more than ₹5.3 Lakhs per year, and the top 1% earn over ₹5.3 Lakhs per year. SM 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 SM at HDFC Life in India?
The estimated take-home salary of a SM at HDFC Life in India typically ranges from ₹32,620 to ₹33,895 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹5.3 Lakhs per year for employees with experience ranging from 1 year to 17 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.
Which companies offer higher salaries than HDFC Life for SM in India?
ICICI Prudential Life Insurance ₹6.5 Lakhs to ₹7.1 Lakhs per year
ICICI Lombard General Insurance Company ₹5.1 Lakhs to ₹7.1 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 SM in companies similar to HDFC Life in India?
The salary of a SM at companies similar to HDFC Life in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Max Life Insurance ₹3.1 Lakhs to ₹5.5 Lakhs per year
Life Insurance Corporation of India ₹3.0 Lakhs to ₹4.8 Lakhs per year
Kotak Mahindara Life Insurance ₹3.3 Lakhs to ₹4.5 Lakhs per year
HDFC Ergo General Insurance ₹3.1 Lakhs to ₹4.2 Lakhs per year
PNB MetLife ₹2.3 Lakhs to ₹4.2 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 SM at HDFC Life in India?
The salary growth for a SM at HDFC Life depends on factors such as experience, performance, and promotions. On average, a SM can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
1 year ₹3.8 Lakhs to ₹7.9 Lakhs per year
2 years ₹3.8 Lakhs to ₹4.5 Lakhs per year
3 years ₹3.9 Lakhs to ₹5.0 Lakhs per year
4 years ₹3.9 Lakhs to ₹5.0 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Life SM salary in India ranges between ₹3.8 Lakhs to ₹5.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 HDFC Life latest salaries received from various employees of HDFC Life.