HDFC Life Mumbai Vice President Salaries by 10+ Employees (Updated 2025)

12 - 27 years exp.

₹26 Lakhs - ₹72 Lakhs

Salary of majority employees

At par with the average Vice President Salary in Insurance Companies for 12 - 27 years of experience

Interested in this particular role? 4 job openings

Salaries in different departments

Strategic & Top Management Vice President Salary 22 - 27 years exp. (4 salaries)	₹42 L/yr - ₹60 L/yr
Product Management Vice President Salary 12 - 23 years exp. (3 salaries)	₹49.2 L/yr - ₹51 L/yr
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Customer Success, Service & Operations Vice President Salary 17 - 18 years exp. (AmbitionBox Estimate)	₹41.9 L/yr - ₹70 L/yr
Sales & Business Development Vice President Salary 19 - 22 years exp. (AmbitionBox Estimate)	₹42 L/yr - ₹52 L/yr

Last Updated: 3 Feb 2025

Companies similar to HDFC Life for Vice President in Mumbai

HDFC Life Vice President Salary

12 - 27 years exp. (18 salaries)

₹26 L/yr - ₹72 L/yr

Company name	Avg Annual Salary	Open Jobs
Reliance Nippon Life Insurance Vice President Salary 11 - 24 years exp. (29 salaries)	₹16 L/yr - ₹60 L/yr 25% less
ICICI Lombard General Insurance Company Vice President Salary 14 - 23 years exp. (24 salaries)	₹32.1 L/yr - ₹94 L/yr 29% more
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Kotak Mahindara Life Insurance Vice President Salary 14 - 21 years exp. (23 salaries)	₹22.3 L/yr - ₹43 L/yr 30% less
HDFC Ergo General Insurance Vice President Salary 17 - 31 years exp. (18 salaries)	₹28.4 L/yr - ₹65.3 L/yr 8% less
SBI Life Insurance Company Vice President Salary 10 - 20 years exp. (18 salaries)	₹20 L/yr - ₹62 L/yr 12% less
Tata AIA Life Insurance Vice President Salary 15 - 20 years exp. (10 salaries)	₹31 L/yr - ₹97 L/yr 53% more	4 job openings
Bajaj Allianz Life Insurance Vice President Salary 14 - 21 years exp. (8 salaries)	₹42 L/yr - ₹73 L/yr 11% more
Swiss Re Vice President Salary 11 - 20 years exp. (7 salaries)	₹45 L/yr - ₹75.5 L/yr 40% more
Kotak Mahindra General Insurance Vice President Salary 19 - 25 years exp. (7 salaries)	₹33.3 L/yr - ₹43 L/yr 22% less
Axis Max Life Insurance Vice President Salary 17 - 23 years exp. (6 salaries)	₹32 L/yr - ₹79 L/yr 10% more
ICICI Prudential Life Insurance Vice President Salary 18 - 20 years exp. (4 salaries)	₹32 L/yr - ₹38 L/yr 22% less
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Vice President salary at HDFC Life ranges between ₹26 Lakhs to ₹72 Lakhs per year for employees with experience between 12 years to 27 years. Salary estimates are based on 18 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Vice President salaries in Mumbai

Last Updated: 3 Feb 2025

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹19.6 L/yr - ₹62 L/yr
13 years (AmbitionBox Estimate)	₹44.1 L/yr - ₹56.4 L/yr
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14 years (AmbitionBox Estimate)	₹40 L/yr - ₹51 L/yr
15+ years (14 salaries)	₹26 L/yr - ₹72 L/yr

Similar Designation salaries in HDFC Life

Associate Vice President Salary

(58 salaries)

₹18 L/yr - ₹50 L/yr

Branch Manager Salary

(32 salaries)

₹5.5 L/yr - ₹12.5 L/yr

Assistant Vice President Salary

(16 salaries)

₹22.15 L/yr - ₹52 L/yr

Branch Head Salary

(14 salaries)

₹6.5 L/yr - ₹10 L/yr

Senior Vice President Salary

(7 salaries)

₹39.2 L/yr - ₹100 L/yr

Vice President Operations Salary

(3 salaries)

₹20.1 L/yr - ₹66 L/yr

Top skills at HDFC Life for Vice President

Bancassurance Bfsi Sales Corporate Strategy Sales Strategy Strategy Development

Salary related reviews for HDFC Life

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

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

Branch Manager in Kolkata

Agency Channel Department

2.0

• posted on 14 May 2022

1.0

for Salary and Benefits

Likes

There is nothing as such to mention.

Skill development - Good

Dislikes

Working culture is not at all satisfactory. Regarding payout or salary of an advisor, ADM as well as appirisal of Branch Manager approved but not even processed till now. Seniors are using slang words in Concall as well as open forum.

Salary - Bad

+5 more

Deputy General Manager in Bangalore / Bengaluru

IT & Information Security Department

4.0

• posted on 23 May 2022

3.0

for Salary and Benefits

Likes

Very slow growth in career progression and company doesn't spent money and time for people skill development.

Work-life balance - Good

Dislikes

Perfect work life balance, but learning curve and salary growth is very below compare to competition.

Branch Manager in Jaipur

BFSI, Investments & Trading Department

5.0

• posted on 31 Jul 2020

5.0

for Salary and Benefits

Likes

...ny. In this pandamic and lockdown situation company support to every employee Company provide salary hike also in this situation I feel proud i am a part of hdfc life

Salary - Excellent

+6 more

Dislikes

Nothing in my mind according to me not single point in my mind to write about hdfc life for dislike But one thing i want 5 days working week

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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HDFC Life Vice President Salary FAQs

What is the salary of Vice President at HDFC Life in Mumbai?

The average salary of a Vice President at HDFC Life in Mumbai typically ranges from ₹26.0 Lakhs to ₹72.0 Lakhs per year, depending on experience (from 12 years to 27 years).

The top 10% of Vice President in Mumbai at HDFC Life earn more than ₹67.6 Lakhs per year, and the top 1% earn over ₹72.0 Lakhs per year. Vice President 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 Vice President at HDFC Life in Mumbai?

The estimated take-home salary of a Vice President at HDFC Life in Mumbai typically ranges from ₹2,84,928 to ₹2,96,530 per month. This is based on the average salary range of ₹26.0 Lakhs to ₹72.0 Lakhs per year for employees with experience ranging from 12 years to 27 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.

What are the key skills required to be a Vice President at HDFC Life in Mumbai?

To be a Vice President at HDFC Life in Mumbai, the key skills required include:

- Bancassurance
- Bfsi Sales
- Corporate Strategy
- Sales Strategy
- Strategy Development

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 Vice President in India?

Tata AIA Life Insurance	₹31.0 Lakhs to ₹97.0 Lakhs per year
Swiss Re	₹45.0 Lakhs to ₹75.5 Lakhs per year
ICICI Lombard General Insurance Company	₹32.1 Lakhs to ₹94.0 Lakhs per year
Bajaj Allianz Life Insurance	₹42.0 Lakhs to ₹73.0 Lakhs per year
Axis Max Life Insurance	₹32.0 Lakhs to ₹79.0 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 Vice President in companies similar to HDFC Life in Mumbai?

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

HDFC Ergo General Insurance	₹28.4 Lakhs to ₹65.3 Lakhs per year
SBI Life Insurance Company	₹20.0 Lakhs to ₹62.0 Lakhs per year
Kotak Mahindra General Insurance	₹33.3 Lakhs to ₹43.0 Lakhs per year
ICICI Prudential Life Insurance	₹32.0 Lakhs to ₹38.0 Lakhs per year
Reliance Nippon Life Insurance	₹16.0 Lakhs to ₹60.0 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 Vice President at HDFC Life in Mumbai?

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

Experience	Average Salary Range
12 years	₹19.6 Lakhs to ₹62.0 Lakhs per year
13 years	₹44.1 Lakhs to ₹56.4 Lakhs per year
14 years	₹40.0 Lakhs to ₹51.0 Lakhs per year
15 years	₹26.0 Lakhs to ₹72.0 Lakhs per year

and so on.

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HDFC Life Vice President Salaries in Mumbai

HDFC Life Vice President salary in Mumbai ranges between ₹26 Lakhs to ₹72 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 HDFC Life latest salaries received from various employees of HDFC Life.