HDFC Life Mumbai Team Lead Salaries by 5 Employees

5 - 8 years exp.

₹3.3 Lakhs - ₹7 Lakhs

Salary of majority employees

52% less than the average Team Lead Salary in Insurance Companies for 5 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Team Lead Salary 7 years exp. (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.4 L/yr
Engineering - Software & QA Team Lead Salary 5 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.5 L/yr
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Sales & Business Development Team Lead Salary 8 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹6 L/yr

Last Updated: 6 Oct 2024

Companies similar to HDFC Life for Team Lead in Mumbai

HDFC Life Team Lead Salary

5 - 8 years exp. (5 salaries)

₹3.3 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Team Lead Salary 1 - 11 years exp. (36 salaries)	₹1.1 L/yr - ₹8.2 L/yr 3% less	1 job opening
HDFC Ergo General Insurance Team Lead Salary 2 - 11 years exp. (18 salaries)	₹2.9 L/yr - ₹5.1 L/yr 20% more
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SBI General Insurance Team Lead Salary 2 - 11 years exp. (14 salaries)	₹2.8 L/yr - ₹5 L/yr 4% less
Reliance Nippon Life Insurance Team Lead Salary 1 - 8 years exp. (7 salaries)	₹2.5 L/yr - ₹4.6 L/yr 19% less
Kotak Mahindara Life Insurance Team Lead Salary 2 - 8 years exp. (7 salaries)	₹2.2 L/yr - ₹6 L/yr 1% more	1 job opening
SBI Life Insurance Company Team Lead Salary 4 - 9 years exp. (5 salaries)	₹3.6 L/yr - ₹4.8 L/yr 6% less
Life Insurance Corporation of India Team Lead Salary 1 - 3 years exp. (4 salaries)	₹1.4 L/yr - ₹2.9 L/yr 40% less
Kotak Mahindra General Insurance Team Lead Salary 3 - 9 years exp. (4 salaries)	₹4.2 L/yr - ₹6.1 L/yr 24% more
Star Health & Allied Insurance Team Lead Salary 4 - 9 years exp. (3 salaries)	₹3.3 L/yr - ₹4.5 L/yr 5% less	1 job opening

Team Lead salary at HDFC Life ranges between ₹3.3 Lakhs to ₹7 Lakhs per year for employees with experience between 5 years to 8 years. Salary estimates are based on 5 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Team Lead salaries in Mumbai

Last Updated: 6 Oct 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.5 L/yr
6 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
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7 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6 L/yr
8 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹7 L/yr

Similar Designation salaries in HDFC Life

Senior Associate Salary

(496 salaries)

₹1.05 L/yr - ₹4.6 L/yr

Deputy Manager Salary

(424 salaries)

₹3.5 L/yr - ₹14 L/yr

Branch Manager Salary

(32 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Operations Manager Salary

(9 salaries)

₹1.45 L/yr - ₹10 L/yr

Team Manager Salary

(7 salaries)

₹5 L/yr - ₹7.9 L/yr

Top skills at HDFC Life for Team Lead

Life Insurance MS Office Package Power Bi Dashboards Data Analytics VBA Team Leading Macros

Salary related reviews for HDFC Life

3.0

Rated by 1 employees for salary & benefits

Senior Associate in Machilipatnam

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.

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.

Promotions - Poor

Senior Associate in Mumbai

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.

Salary - Bad

+6 more

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".

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.

Salary - Bad

+4 more

Senior Associate in Patna

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 04 Jun 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Low salary structure Unwanted work pressure Dirty politics Zero growth if you're not a politician in the company Non recognition of your good work No incentives even after having huge targets Manual rating system of employees, you will be judged by your amount of buttering not by your performance. Overall very bad work culture

Salary - Bad

+6 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

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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HDFC Life Team Lead Salary FAQs

What is the salary of Team Lead at HDFC Life in Mumbai?

The average salary of a Team Lead at HDFC Life in Mumbai typically ranges from ₹3.3 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 5 years to 8 years).

The top 10% of Team Lead in Mumbai at HDFC Life earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Team Lead 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 5 HDFC Life employees in India.

What is the estimated take home salary of a Team Lead at HDFC Life in Mumbai?

The estimated take-home salary of a Team Lead at HDFC Life in Mumbai typically ranges from ₹31,509 to ₹32,800 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 5 years to 8 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 5 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 Team Lead at HDFC Life in Mumbai?

To be a Team Lead at HDFC Life in Mumbai, the key skills required include:

- Life Insurance
- MS Office Package
- Power Bi
- Dashboards
- Data Analytics

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 Team Lead in India?

Kotak Mahindra General Insurance	₹4.2 Lakhs to ₹6.1 Lakhs per year
HDFC Ergo General Insurance	₹2.9 Lakhs to ₹5.1 Lakhs per year
Kotak Mahindara Life Insurance	₹2.2 Lakhs to ₹6.0 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 Team Lead in companies similar to HDFC Life in Mumbai?

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

ICICI Lombard General Insurance Company	₹1.1 Lakhs to ₹8.2 Lakhs per year
SBI General Insurance	₹2.8 Lakhs to ₹5.0 Lakhs per year
Star Health & Allied Insurance	₹3.3 Lakhs to ₹4.5 Lakhs per year
SBI Life Insurance Company	₹3.6 Lakhs to ₹4.8 Lakhs per year
Reliance Nippon Life Insurance	₹2.5 Lakhs to ₹4.6 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 Team Lead at HDFC Life in Mumbai?

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

Experience	Average Salary Range
5 years	₹1.8 Lakhs to ₹4.5 Lakhs per year
6 years	₹4.3 Lakhs to ₹5.5 Lakhs per year
7 years	₹4.8 Lakhs to ₹6.0 Lakhs per year
8 years	₹2.1 Lakhs to ₹7.0 Lakhs per year

and so on.

Tell us how to improve this page.

HDFC Life Team Lead salary in Mumbai ranges between ₹3.3 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 HDFC Life latest salaries received from various employees of HDFC Life.