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HDFC Life Team Manager salaries in India (Updated 2025)

Annual salary range
1 - 10 years exp.
₹3.5 Lakhs - ₹7.3 Lakhs
Salary of majority employees
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59% less than the average Team Manager Salary in Insurance Companies for 1 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Team Manager Salary
3 - 7 years exp. (4 salaries)
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₹4.8 L/yr - ₹9.6 L/yr

Sales & Business Development
Team Manager Salary
4 - 9 years exp. (4 salaries)
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₹5.8 L/yr - ₹9.5 L/yr

Last Updated: 1 Mar 2025

Companies similar to HDFC Life for Team Manager

Company name Avg Annual Salary Open Jobs
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Gallagher Team Manager Salary

7 - 14 years exp. (211 salaries)

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₹4.3 L/yr - ₹15 L/yr

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₹2.5 L/yr - ₹11 L/yr

arrow icon 6% more
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₹3 L/yr - ₹7.8 L/yr

arrow icon 32% less
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₹2.2 L/yr - ₹11.1 L/yr

arrow icon 1% more
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₹3.8 L/yr - ₹9.6 L/yr

arrow icon 23% more
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HDFC Ergo General Insurance Team Manager Salary

2 - 10 years exp. (12 salaries)

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₹5.8 L/yr - ₹12.4 L/yr

arrow icon 10% more
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₹1.2 L/yr - ₹7.5 L/yr

arrow icon 25% less
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SBI Life Insurance Company Team Manager Salary

3 - 19 years exp. (11 salaries)

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₹7.5 L/yr - ₹15 L/yr

arrow icon 82% more
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AXA Team Manager Salary

7 - 15 years exp. (10 salaries)

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₹43.6 L/yr - ₹60 L/yr

arrow icon 620% more
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Axis Max Life Insurance Team Manager Salary

6 - 13 years exp. (9 salaries)

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₹5.7 L/yr - ₹11.3 L/yr

arrow icon 65% more
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Tata AIA Life Insurance Team Manager Salary

4 - 15 years exp. (9 salaries)

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₹4 L/yr - ₹16.7 L/yr

arrow icon 45% more
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SBI General Insurance Team Manager Salary

0 - 7 years exp. (7 salaries)

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₹3.2 L/yr - ₹11.6 L/yr

arrow icon 1% less
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PNB MetLife Team Manager Salary

2 - 11 years exp. (7 salaries)

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₹4 L/yr - ₹15 L/yr

arrow icon 24% more
1 job opening
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₹5.1 L/yr - ₹8.1 L/yr

arrow icon 2% more
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₹5.5 L/yr - ₹12.3 L/yr

arrow icon 19% more
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AIG Team Manager Salary

5 - 13 years exp. (5 salaries)

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₹11.5 L/yr - ₹30 L/yr

arrow icon 164% more
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₹6.9 L/yr - ₹11.5 L/yr

arrow icon 13% more
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Shriram Life Insurance Team Manager Salary

4 - 16 years exp. (4 salaries)

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₹2.5 L/yr - ₹14 L/yr

arrow icon 17% more
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Allianz Team Manager Salary

5 - 16 years exp. (4 salaries)

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₹5.8 L/yr - ₹29.6 L/yr

arrow icon 210% more
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Swiss Re Team Manager Salary

7 - 12 years exp. (3 salaries)

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₹18 L/yr - ₹40 L/yr

arrow icon 320% more
Team Manager salary at HDFC Life ranges between ₹3.5 Lakhs to ₹7.3 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 28 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Team Manager

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Experience wise HDFC Life Team Manager salaries

Last Updated: 1 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3.5 L/yr - ₹11.5 L/yr
2 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹11.7 L/yr
3 years  (4 salaries)

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₹3.5 L/yr - ₹11.9 L/yr
4 years  (4 salaries)

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₹4.8 L/yr - ₹12 L/yr
5 years  (4 salaries)

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₹5 L/yr - ₹12 L/yr
View all

Similar Designation salaries in HDFC Life

Area Manager Salary
(33 salaries)
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₹7.71 L/yr - ₹19 L/yr
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₹12 L/yr - ₹25 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹25.2 L/yr - ₹32.2 L/yr
Branch Manager Salary
(261 salaries)
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₹5.25 L/yr - ₹12.5 L/yr
Deputy Manager Salary
(827 salaries)
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₹3.5 L/yr - ₹12.25 L/yr
Team Lead Salary
(58 salaries)
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₹1.35 L/yr - ₹8.5 L/yr
Project Manager Salary
(19 salaries)
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₹6.56 L/yr - ₹18 L/yr
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₹4.5 L/yr - ₹17 L/yr
Cluster Manager Salary
(283 salaries)
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₹5 L/yr - ₹12 L/yr
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₹1.45 L/yr - ₹10.43 L/yr

Top skills at HDFC Life for Team Manager

Team Leading

Salary related reviews for HDFC Life

2.2

Rated by 9 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 05 May 2024

2.0
 for  Salary and Benefits

Likes

Big brand. People know the brand very well

Dislikes

Less salary compare to psu. Even clerk of psu bank get more than a manager grade of hdfc. Bonus and incentives at junior grade not that good. Only boss and team managers will get good salary here . No travel claims are given.

read more
  • Salary - Poor
  • +4 more

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

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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HDFC Life Team Manager Salary FAQs

What is the salary of Team Manager at HDFC Life ?
The average salary of a Team Manager at HDFC Life in India typically ranges from ₹3.5 Lakhs to ₹7.3 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Team Manager at HDFC Life earn more than ₹16.2 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Team 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 20+ HDFC Life employees in India.
What is the estimated take home salary of a Team Manager at HDFC Life in India?
The estimated take-home salary of a Team Manager at HDFC Life in India typically ranges from ₹52,214 to ₹53,445 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹7.3 Lakhs per year for employees with experience ranging from 1 year to 10 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 20+ 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 Manager at HDFC Life ?
Team Leading is a popular skill required to work as a Team Manager at HDFC Life.
Which companies offer higher salaries than HDFC Life for Team Manager in India?
AXA ₹43.6 Lakhs to ₹60.0 Lakhs per year
Swiss Re ₹18.0 Lakhs to ₹40.0 Lakhs per year
Allianz ₹5.8 Lakhs to ₹29.6 Lakhs per year
AIG ₹11.5 Lakhs to ₹30.0 Lakhs per year
SBI Life Insurance Company ₹7.5 Lakhs to ₹15.0 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 Manager in companies similar to HDFC Life in India?
The salary of a Team Manager 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 ₹5.7 Lakhs to ₹11.3 Lakhs per year
Tata AIA Life Insurance ₹4.0 Lakhs to ₹16.7 Lakhs per year
Gallagher ₹4.3 Lakhs to ₹15.0 Lakhs per year
PNB MetLife ₹4.0 Lakhs to ₹15.0 Lakhs per year
ICICI Prudential Life Insurance ₹3.8 Lakhs to ₹9.6 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 Manager at HDFC Life in India?
The salary growth for a Team Manager at HDFC Life depends on factors such as experience, performance, and promotions. On average, a Team Manager can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
1 year ₹3.5 Lakhs to ₹11.5 Lakhs per year
2 years ₹2.6 Lakhs to ₹11.7 Lakhs per year
3 years ₹3.5 Lakhs to ₹11.9 Lakhs per year
4 years ₹4.8 Lakhs to ₹12.0 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Life Team Manager salary in India ranges between ₹3.5 Lakhs to ₹7.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 28 HDFC Life latest salaries received from various employees of HDFC Life.