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HDFC Life Product Manager salaries in India (Updated 2025)

Annual salary range
1 - 8 years exp.
₹6.5 Lakhs - ₹20 Lakhs
Avg. annual salary
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Fixed
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Variable
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Monthly In-hand Salary

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Product Manager Salary at HDFC Life ranges between ₹6.5 Lakhs to ₹20 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 88 latest salaries received from... Read more

39% less than the average Product Manager Salary in Insurance Companies for 1 - 8 years of experience

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Last Updated: 29 Jun 2025

Companies similar to HDFC Life for Product Manager

Company name Avg Annual Salary Open Jobs
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₹10.4 L/yr - ₹30.5 L/yr

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₹7.8 L/yr - ₹14.5 L/yr

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₹8.4 L/yr - ₹30 L/yr

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Tata AIA Life Insurance Product Manager Salary

5 - 10 years exp. (12 salaries)

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₹11 L/yr - ₹32.1 L/yr

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₹10 L/yr - ₹16 L/yr

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₹6 L/yr - ₹15 L/yr

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PNB MetLife Product Manager Salary

2 - 7 years exp. (4 salaries)

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₹15 L/yr - ₹25 L/yr

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SBI General Insurance Product Manager Salary

1 - 13 years exp. (3 salaries)

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₹8.2 L/yr - ₹15.5 L/yr

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Latest annual salaries shared by HDFC Life Product Manager

3w ago
₹12 Lakhs
1 year exp.
4w ago
₹9.1 Lakhs
4 years exp.
1mo ago
₹12 Lakhs
3 years exp.
1mo ago
₹8.2 Lakhs
4 years exp.
4mo ago
₹14.3 Lakhs
5 years exp.
4mo ago
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4 years exp.
6mo ago
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5 years exp.
6mo ago
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4 years exp.
7mo ago
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8 years exp.
8mo ago
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2 years exp.

HDFC Life Product Manager salaries by

Years of experience Avg. annual salary
1 year  (6 salaries)

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₹11.5 L/yr - ₹15 L/yr
2 years  (5 salaries)

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₹7.5 L/yr - ₹23.6 L/yr
3 years  (19 salaries)

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₹7.5 L/yr - ₹20 L/yr
4 years  (23 salaries)

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₹6.5 L/yr - ₹20 L/yr
5 years  (14 salaries)

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₹9 L/yr - ₹17.8 L/yr
View all salaries by experience

Similar Designation Salaries at HDFC Life

Similar Designation Avg. annual salary
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₹5.9 L/yr - ₹18 L/yr

unlock-blur

₹11.0 L/yr - ₹15.7 L/yr

Product Owner Salary
(AmbitionBox Estimate)
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₹10.6 L/yr - ₹13.6 L/yr

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₹12 L/yr - ₹25 L/yr

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₹16 L/yr - ₹30 L/yr

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₹4.1 L/yr - ₹15 L/yr

unlock-blur

₹13 L/yr - ₹33 L/yr

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₹21 L/yr - ₹33 L/yr

Scrum Master Salary
(AmbitionBox Estimate)
unlock-blur

₹7.2 L/yr - ₹9.2 L/yr

unlock-blur

₹8.8 L/yr - ₹22.6 L/yr

View more similar designations

What people are saying about HDFC Life

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Salary related reviews for HDFC Life

2.0

Rated by 7 employees for salary & benefits

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  updated 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

read more
  • Salary - Bad
  • +5 more

Full Time

 · 

Engineering - Software & QA Department

3.0
  •  updated on 09 Jul 2023

3.0
 for  Salary and Benefits

Likes

Salary on time Job security

  • Job security - Good
  • +1 more

Dislikes

1. Management don't have idea what they want 2. No clarity of work 3. People sitting here from 10 years think they owns the company 4. No supportive colleagues 5. Way of working is not great 6. Lot of internal politics

read more
  • Skill development - Poor
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  updated on 07 Aug 2023

2.0
 for  Salary and Benefits

Dislikes

... Saturday and Sunday off as they have mentioned holiday at the time of joining. Also I feel there is discrimination in salary increament policy and working time among employees.

read more
  • Salary - Poor
  • +3 more

Full Time

 · 

Production, Manufacturing & Engineering Department

1.0
  •  updated on 12 Mar 2023

1.0
 for  Salary and Benefits

Likes

...t Sunday off and flexibility of option such as shift timings etc to choose from. Good management, nice salary package, lodha architechture, big office, good work culture.

read more
  • Skill development - Good
  • +1 more

Dislikes

I work at HO for 4 years and later got an opputunity to move at BKC Bandra ops HUB and that was the worst decision of my life. Here, there is no balance of work and life, there is no appreciation of work, there is politics, favorism and biasness. Team politics is the worst. HR here is least bothered with work and is more concerned with nity grities. We have an app called mconnect. U hv to log in to mconnect to mark your attendance. If yr time differs in mconnect and register that you have to sign while entering at bkc then you will be questioned. You cannot wear t shirts without collar and the liat goes on. Morale is AVOID WORKING AT BKC AT ALL COST. PLEASE DENY ANY OPTIONS TO JOIN BKC

read more
  • Salary - Bad
  • +3 more

Full Time

 · 

Information Technology Department

4.0
  •  updated on 30 Dec 2022

3.0
 for  Salary and Benefits

Likes

Too much pressure, however bigger companies have huge responsibility and always be at top to maintain the market standards and rank

read more
  • Skill development - Excellent
  • +1 more

Dislikes

No promotion even after getting good appraisals. Salary can be improvised

read more
  • Promotions - Poor
  • +1 more
see more salary related reviews

HDFC Life Product Manager Salary FAQs

What is the salary of Product Manager at HDFC Life ?
The average salary of a Product Manager at HDFC Life in India typically ranges from ₹6.5 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Product Manager at HDFC Life earn more than ₹17.0 Lakhs per year, and the top 1% earn over ₹23.0 Lakhs per year. Product 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 80+ HDFC Life employees in India.
What is the estimated take home salary of a Product Manager at HDFC Life in India?
The estimated take-home salary of a Product Manager at HDFC Life in India typically ranges from ₹95,045 to ₹97,606 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 1 year 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 80+ 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 Product Manager at HDFC Life ?
To be a Product Manager at HDFC Life in india, the key skills required include:

  • - Product Management
  • - Market Research
  • - Project Management
  • - Product Development
  • - Analytical

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 Product Manager in India?
Tata AIA Life Insurance ₹11.0 Lakhs to ₹32.1 Lakhs per year
Bajaj Allianz Life Insurance ₹8.4 Lakhs to ₹30.0 Lakhs per year
PNB MetLife ₹15.0 Lakhs to ₹25.0 Lakhs per year
Star Health & Allied Insurance ₹10.4 Lakhs to ₹30.5 Lakhs per year
Axis Max Life Insurance ₹7.2 Lakhs to ₹30.0 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 Product Manager in companies similar to HDFC Life in India?
The salary of a Product Manager at companies similar to HDFC Life in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindara Life Insurance ₹6.4 Lakhs to ₹25.3 Lakhs per year
HDFC Ergo General Insurance ₹13.0 Lakhs to ₹21.4 Lakhs per year
Aditya Birla Sun Life Insurance ₹10.0 Lakhs to ₹16.0 Lakhs per year
ICICI Lombard General Insurance Company ₹6.0 Lakhs to ₹23.9 Lakhs per year
ICICI Prudential Life Insurance ₹7.9 Lakhs to ₹19.0 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 Product Manager at HDFC Life in India?
The salary growth for a Product Manager at HDFC Life depends on factors such as experience, performance, and promotions. On average, a Product Manager can expect the following growth trajectory at HDFC Life:

Experience Average Salary Range
1 year ₹11.5 Lakhs to ₹15.0 Lakhs per year
2 years ₹7.5 Lakhs to ₹23.6 Lakhs per year
3 years ₹7.5 Lakhs to ₹20.0 Lakhs per year
4 years ₹6.5 Lakhs to ₹20.0 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Life Product Manager salary in India ranges between ₹6.5 Lakhs to ₹20 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 88 HDFC Life latest salaries received from various employees of HDFC Life.