HDFC Life Mumbai Team Manager Salaries by 7 Employees (Updated 2025)

1 - 7 years exp.

₹5 Lakhs - ₹15.2 Lakhs

Salary of majority employees

39% less than the average Team Manager Salary in Insurance Companies for 1 - 7 years of experience

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Last Updated: 22 Jul 2024

Companies similar to HDFC Life for Team Manager in Mumbai

HDFC Life Team Manager Salary

1 - 7 years exp. (7 salaries)

₹5 L/yr - ₹15.2 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Team Manager Salary 2 - 10 years exp. (5 salaries)	₹5 L/yr - ₹8 L/yr 7% less
SBI Life Insurance Company Team Manager Salary 4 - 5 years exp. (3 salaries)	₹7.5 L/yr - ₹12 L/yr 16% more
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Reliance Nippon Life Insurance Team Manager Salary 4 - 13 years exp. (3 salaries)	₹3.5 L/yr - ₹4.9 L/yr 49% less
ICICI Lombard General Insurance Company Team Manager Salary 3 - 15 years exp. (11 salaries)	₹4.2 L/yr - ₹17 L/yr 15% more
Cognizant Team Manager Salary 7 - 19 years exp. (157 salaries)	₹7.5 L/yr - ₹25.7 L/yr 79% more	2 job openings

Team Manager salary at HDFC Life ranges between ₹5 Lakhs to ₹15.2 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 7 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Team Manager salaries in Mumbai

Last Updated: 22 Jul 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5 L/yr - ₹15.6 L/yr
2 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹15.6 L/yr
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3 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹13.8 L/yr
4 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.9 L/yr
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹10 L/yr
6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹8.8 L/yr
7 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹11 L/yr

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Similar Designation salaries in HDFC Life

Deputy Manager Salary

(425 salaries)

₹3.5 L/yr - ₹14.4 L/yr

Branch Manager Salary

(30 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Cluster Manager Salary

(24 salaries)

₹6 L/yr - ₹11.46 L/yr

Project Manager Salary

(17 salaries)

₹7.7 L/yr - ₹23 L/yr

Operations Manager Salary

(8 salaries)

₹1.45 L/yr - ₹10 L/yr

Team Lead Salary

(4 salaries)

₹4.8 L/yr - ₹7 L/yr

Top skills at HDFC Life for Team Manager

Team Leading

Salary related reviews for HDFC Life

1.9

Rated by 3 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.

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.

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.

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".

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.

Relationship Manager in Bhubaneswar

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.

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

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a social media specialist

Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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HDFC Life Team Manager Salary FAQs

What is the salary of Team Manager at HDFC Life Mumbai?

Team Manager salary at HDFC Life in Mumbai ranges between ₹5.0 Lakhs to ₹15.2 Lakhs for experience between 1 years to 7 years. According to our estimates it is 39% less than the average Team Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of HDFC Life Mumbai.

How does the salary of a Team Manager at HDFC Life Mumbai compare with the average salary range for this job?

The average salary of a Team Manager at HDFC Life is 39% less than the average salary of a Team Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Team Manager at HDFC Life?

Team Leading is a popular skill required to work as a Team Manager at HDFC Life.

Which similar companies are paying more than HDFC Life to a Team Manager in Mumbai?

Cognizant Team Manager Salary - ₹7.5 Lakhs to ₹25.7 Lakhs per year
SBI Life Insurance Company Team Manager Salary - ₹7.5 Lakhs to ₹12.0 Lakhs per year
ICICI Lombard General Insurance Company Team Manager Salary - ₹4.2 Lakhs to ₹17.0 Lakhs per year

What is the salary of a Team Manager in companies similar to HDFC Life in Mumbai?

ICICI Prudential Life Insurance Team Manager Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
Reliance Nippon Life Insurance Team Manager Salary - ₹3.5 Lakhs to ₹4.9 Lakhs per year

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

The estimated take-home salary of a Team Manager at HDFC Life ranges between ₹62,755 per month to ₹64,350 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Team Manager salary in India which ranges between ₹5.0 Lakhs to ₹15.2 Lakhs per year for employees with experience between 1 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Team Manager at HDFC Life in Mumbai?

According to AmbitionBox, 100% of the HDFC Life Team Managers in Mumbai reported a notice period of 2 Months.This is based on 1 response on AmbitionBox in last 2 years.

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HDFC Life Team Manager Salaries in Mumbai

HDFC Life Team Manager salary in Mumbai ranges between ₹5 Lakhs to ₹15.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 HDFC Life latest salaries received from various employees of HDFC Life.