Upload Button Icon Add office photos
filter salariesFilter salaries by

HDFC Life SM salaries in India

Annual salary range
1 - 17 years exp.
₹3.8 Lakhs - ₹5.3 Lakhs
Low Confidence
info icon
Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
unlock blur
unlock blur

47% less than the average SM Salary in Insurance Companies for 1 - 17 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
SM Salary
1 - 17 years exp. (4 salaries)
unlock-blur

₹3.8 L/yr - ₹5 L/yr

BFSI, Investments & Trading
SM Salary
2 - 9 years exp. (3 salaries)
unlock-blur

₹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
Logo
ICICI Prudential Life Insurance SM Salary

2 - 4 years exp. (3 salaries)

unlock blur

₹6.5 L/yr - ₹7.1 L/yr

arrow icon 62% more
Logo
Max Life Insurance SM Salary

1 - 10 years exp. (10 salaries)

unlock blur

₹3.1 L/yr - ₹5.5 L/yr

At par
Logo
Kotak Mahindara Life Insurance SM Salary

2 - 6 years exp. (13 salaries)

unlock blur

₹3.3 L/yr - ₹4.5 L/yr

arrow icon 14% less
Logo
Bajaj Allianz Life Insurance SM Salary

0 - 6 years exp. (11 salaries)

unlock blur

₹2 L/yr - ₹3.5 L/yr

arrow icon 36% less
Logo
Reliance Nippon Life Insurance SM Salary

1 - 9 years exp. (4 salaries)

unlock blur

₹2.3 L/yr - ₹2.5 L/yr

arrow icon 46% less
Logo
PNB MetLife SM Salary

3 - 6 years exp. (5 salaries)

unlock blur

₹2.3 L/yr - ₹4.2 L/yr

arrow icon 27% less
Logo
HDFC Ergo General Insurance SM Salary

0 - 6 years exp. (9 salaries)

unlock blur

₹3.1 L/yr - ₹4.2 L/yr

arrow icon 15% less
unlock blur

₹5.1 L/yr - ₹7 L/yr

arrow icon 48% more
Logo
Care Health Insurance SM Salary

0 - 3 years exp. (4 salaries)

unlock blur

₹1.8 L/yr - ₹2.5 L/yr

arrow icon 49% less
Logo
Shriram Life Insurance SM Salary

3 - 7 years exp. (3 salaries)

unlock blur

₹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

2w ago
avg blur mobile
6 years exp.
3mo ago
avg blur mobile
9 years exp.
9mo ago
avg blur mobile
8 years exp.
1y ago
avg blur mobile
8 years exp.
1y ago
avg blur mobile
9 years exp.
1y ago
avg blur mobile
17 years exp.
1y ago
avg blur mobile
2 years exp.
1y ago
avg blur mobile
1 year exp.
1y ago
avg blur mobile
2 years exp.

Experience wise HDFC Life SM salaries

Last Updated: 3 Jan 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

unlock blur

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

unlock blur

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

unlock blur

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

unlock blur

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

unlock blur

₹3.9 L/yr - ₹5 L/yr
View all

Similar Designation salaries in HDFC Life

Deputy Manager Salary
(721 salaries)
unlock blur
₹3.5 L/yr - ₹12.1 L/yr
Senior Associate Salary
(720 salaries)
unlock blur
₹1 L/yr - ₹4.6 L/yr
Corporate Manager Salary
(523 salaries)
unlock blur
₹3 L/yr - ₹11.05 L/yr
Executive Trainee Salary
(507 salaries)
unlock blur
₹3 L/yr - ₹8 L/yr
SDM Salary
(258 salaries)
unlock blur
₹1.75 L/yr - ₹4 L/yr
Chief Manager Salary
(207 salaries)
unlock blur
₹14 L/yr - ₹31.82 L/yr
BDM Salary
(186 salaries)
unlock blur
₹2.15 L/yr - ₹4.5 L/yr
Sales Executive Salary
(184 salaries)
unlock blur
₹1 L/yr - ₹5 L/yr
unlock blur
₹4.75 L/yr - ₹15 L/yr
unlock blur
₹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

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

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

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

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

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.

read more

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.

read more

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.

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
see more salary related reviews

Discover interview dos and don'ts from real experiences

HDFC Life SM Salary FAQs

What is the salary of SM at HDFC Life?
SM salary at HDFC Life in India ranges between ₹3.8 Lakhs to ₹5.3 Lakhs for experience between 1 years to 17 years. According to our estimates it is 47% less than the average SM Salary in India. Salary estimates are based on 10 latest salaries received from various employees of HDFC Life India.
How does the salary of a SM at HDFC Life India compare with the average salary range for this job?
The average salary of a SM at HDFC Life is 47% less than the average salary of a SM in India. To know exact salary insights, login to view.
Which similar companies are paying more than HDFC Life to a SM in India?
  • ICICI Prudential Life Insurance SM Salary - ₹6.5 Lakhs to ₹7.1 Lakhs per year
  • ICICI Lombard General Insurance Company SM Salary - ₹5.1 Lakhs to ₹7.0 Lakhs per year
  • Max Life Insurance SM Salary - ₹3.1 Lakhs to ₹5.5 Lakhs per year
What is the salary of a SM in companies similar to HDFC Life in India?
  • Kotak Mahindara Life Insurance SM Salary - ₹3.3 Lakhs to ₹4.5 Lakhs per year
  • HDFC Ergo General Insurance SM Salary - ₹3.1 Lakhs to ₹4.2 Lakhs per year
  • PNB MetLife SM Salary - ₹2.3 Lakhs to ₹4.2 Lakhs per year
  • Bajaj Allianz Life Insurance SM Salary - ₹2.0 Lakhs to ₹3.5 Lakhs per year
  • Shriram Life Insurance SM Salary - ₹2.3 Lakhs to ₹3.2 Lakhs per year
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 ranges between ₹32,620 per month to ₹33,895 per month in India. The take-home salary calculation is based on the average HDFC Life SM salary in India which ranges between ₹3.8 Lakhs to ₹5.3 Lakhs per year for employees with experience between 1 years to 17 years. Check how did we calculate take home salary?
What is the notice period for SM at HDFC Life?
According to AmbitionBox, 61% of the HDFC Life SMs reported a notice period of 1 Month, 22% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 18 responses on AmbitionBox in last 2 years.

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.