Aditya Birla Sun Life Insurance Mumbai AVP Salaries by 4 Employees

8 - 14 years exp.

₹29 Lakhs - ₹40.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

15% more than the average AVP Salary in Insurance Companies for 8 - 14 years of experience

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Last Updated: 8 Dec 2024

Companies similar to Aditya Birla Sun Life Insurance for AVP in Mumbai

Aditya Birla Sun Life Insurance AVP Salary

8 - 14 years exp. (4 salaries)

₹29 L/yr - ₹40.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company AVP Salary 11 - 18 years exp. (20 salaries)	₹16 L/yr - ₹39 L/yr 23% less
HDFC Ergo General Insurance AVP Salary 10 - 19 years exp. (12 salaries)	₹16 L/yr - ₹32 L/yr 30% less
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HDFC Life AVP Salary 13 - 20 years exp. (12 salaries)	₹25 L/yr - ₹60.5 L/yr 10% more
SBI Life Insurance Company AVP Salary 12 - 18 years exp. (10 salaries)	₹15 L/yr - ₹26.2 L/yr 37% less
Kotak Mahindara Life Insurance AVP Salary 7 - 22 years exp. (9 salaries)	₹9.8 L/yr - ₹26.1 L/yr 52% less
Reliance Nippon Life Insurance AVP Salary 13 - 20 years exp. (7 salaries)	₹20 L/yr - ₹33 L/yr 34% less
Aditya Birla Health Insurance Co AVP Salary 10 - 15 years exp. (3 salaries)	₹31 L/yr - ₹36 L/yr 3% less

AVP salary at Aditya Birla Sun Life Insurance ranges between ₹29 Lakhs to ₹40.5 Lakhs per year for employees with experience between 8 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Aditya Birla Sun Life Insurance.

Experience wise Aditya Birla Sun Life Insurance AVP salaries in Mumbai

Last Updated: 8 Dec 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹26.1 L/yr - ₹33.3 L/yr
9 years (AmbitionBox Estimate)	₹34 L/yr - ₹43.4 L/yr
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14 years (AmbitionBox Estimate)	₹29.7 L/yr - ₹37.9 L/yr

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Salary related reviews for Aditya Birla Sun Life Insurance

Regional Training Manager in Varanasi

Full Time

Teaching & Training Department

4.0

• posted on 26 Jun 2024

3.0

for Salary and Benefits

Likes

It's a good company to work with the overall core values of the organisation is excellent.

Dislikes

...if it illogical they will still do it cause the management has decided to do so. Salary is not that competitive and we work for 14-15 hours to close everything. Sometimes you are required to work on weekends and theblast day of the month for which u are not compensated. They do not give any compoffs of you are required to work on holidays.

Skill development - Bad

+4 more

Sales Executive in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 09 Oct 2023

1.0

for Salary and Benefits

Likes

Only good thing for beginners is they got a good time to plan their alternative things and plan to grow themselves as the pressure is low. And no such very hard for a beginner to work with.

Job security - Excellent

Dislikes

... No work methods and systems. 4. culture is not good and system is very slow. 5. They do not pay you TA but will say to visit your branches every single day. 6. Disclaimer to everyone who are opting to join Aditya Birla group life at Kolkata or east zone. Do not go under Puspita Ghosh. Be aware of her. No 1 worst lady still exists in the world.

Salary - Bad

+4 more

Managing Partner in Ranchi

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 02 May 2023

3.0

for Salary and Benefits

Likes

I like the organisation’s latest updates related to technology which helps us to present ourselves well in front of the customers .

Work-life balance - Good

Dislikes

Since my joining 2009 no hike in salary of Fls no job band last 15 years unchanged salary. It is only for FLS

Skill development - Poor

+2 more

Branch Relationship Executive in Mumbai

Mumbai Department

5.0

• posted on 17 Jun 2021

1.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management is transparent. Company policies are good.

Skill development - Excellent

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. They are not giving Increments on time, bad salary hike and also Worst Culture in higher management.

Salary - Bad

+4 more

Assistant Manager Operations in BHUJ Kutch

BFSI, Investments & Trading Department

5.0

• posted on 25 Mar 2021

5.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent.Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

Not! I mean no any dislikes about company or management All is superb Eco-friendly

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Aditya Birla Sun Life Insurance AVP Salary FAQs

What is the salary of AVP at Aditya Birla Sun Life Insurance in Mumbai?

The average salary of a AVP at Aditya Birla Sun Life Insurance in Mumbai typically ranges from ₹29.0 Lakhs to ₹40.5 Lakhs per year, depending on experience (from 8 years to 14 years).

The top 10% of AVP in Mumbai at Aditya Birla Sun Life Insurance earn more than ₹40.5 Lakhs per year, and the top 1% earn over ₹40.5 Lakhs per year. AVP Salaries at Aditya Birla Sun Life Insurance 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 4 Aditya Birla Sun Life Insurance employees in India.

What is the estimated take home salary of a AVP at Aditya Birla Sun Life Insurance in Mumbai?

The estimated take-home salary of a AVP at Aditya Birla Sun Life Insurance in Mumbai typically ranges from ₹2,08,395 to ₹2,16,680 per month. This is based on the average salary range of ₹29.0 Lakhs to ₹40.5 Lakhs per year for employees with experience ranging from 8 years to 14 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 4 salaries received from various employees of Aditya Birla Sun Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Aditya Birla Sun Life Insurance for AVP in India?

HDFC Life

₹25.0 Lakhs to ₹60.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Aditya Birla Sun Life Insurance, depending on the role and experience level.

What is the salary of a AVP in companies similar to Aditya Birla Sun Life Insurance in Mumbai?

The salary of a AVP at companies similar to Aditya Birla Sun Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Health Insurance Co	₹31.0 Lakhs to ₹36.0 Lakhs per year
ICICI Lombard General Insurance Company	₹16.0 Lakhs to ₹39.0 Lakhs per year
HDFC Ergo General Insurance	₹16.0 Lakhs to ₹32.0 Lakhs per year
Reliance Nippon Life Insurance	₹20.0 Lakhs to ₹33.0 Lakhs per year
SBI Life Insurance Company	₹15.0 Lakhs to ₹26.2 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 AVP at Aditya Birla Sun Life Insurance in Mumbai?

The salary growth for a AVP at Aditya Birla Sun Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a AVP in Mumbai can expect the following growth trajectory at Aditya Birla Sun Life Insurance:

Experience	Average Salary Range
8 years	₹26.1 Lakhs to ₹33.3 Lakhs per year
9 years	₹34.0 Lakhs to ₹43.4 Lakhs per year
14 years	₹29.7 Lakhs to ₹37.9 Lakhs per year

and so on.

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Aditya Birla Sun Life Insurance AVP Salaries in Mumbai

Aditya Birla Sun Life Insurance AVP salary in Mumbai ranges between ₹29 Lakhs to ₹40.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Aditya Birla Sun Life Insurance latest salaries received from various employees of Aditya Birla Sun Life Insurance.