HDFC Ergo General Insurance Mumbai AVP Salaries by 10+ Employees (Updated 2025)

10 - 18 years exp.

₹16 Lakhs - ₹32 Lakhs

Avg. annual salary

Monthly In-hand Salary

20% less than the average AVP Salary in Insurance Companies for 10 - 18 years of experience

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Salaries in different departments

Customer Success, Service & Operations AVP Salary 14 - 16 years exp. (AmbitionBox Estimate)	₹19 L/yr - ₹26 L/yr
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BFSI, Investments & Trading AVP Salary 17 years exp. (AmbitionBox Estimate)	₹16 L/yr - ₹24 L/yr

Last Updated: 10 Mar 2025

Companies similar to HDFC Ergo General Insurance for AVP in Mumbai

HDFC Ergo General Insurance AVP Salary

10 - 18 years exp. (12 salaries)

₹16 L/yr - ₹32 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 5% more
HDFC Life AVP Salary 13 - 20 years exp. (12 salaries)	₹25 L/yr - ₹60.5 L/yr 57% more
Login to view exact salary
SBI Life Insurance Company AVP Salary 12 - 18 years exp. (10 salaries)	₹15 L/yr - ₹26.2 L/yr 10% less
Kotak Mahindara Life Insurance AVP Salary 7 - 22 years exp. (9 salaries)	₹9.8 L/yr - ₹26.1 L/yr 31% less
Reliance Nippon Life Insurance AVP Salary 13 - 20 years exp. (7 salaries)	₹20 L/yr - ₹33 L/yr 5% less
Aditya Birla Sun Life Insurance AVP Salary 8 - 14 years exp. (4 salaries)	₹29 L/yr - ₹40.5 L/yr 43% more
Aegon Religare Life Insurance AVP Salary 9 - 17 years exp. (3 salaries)	₹6 L/yr - ₹27 L/yr 21% less
Kotak Mahindra General Insurance AVP Salary 10 - 19 years exp. (3 salaries)	₹20 L/yr - ₹31 L/yr 11% more

AVP salary at HDFC Ergo General Insurance ranges between ₹16 Lakhs to ₹32 Lakhs per year for employees with experience between 10 years to 18 years. Salary estimates are based on 12 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance AVP salaries in Mumbai

Last Updated: 10 Mar 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹23.4 L/yr - ₹29.9 L/yr
11 years (AmbitionBox Estimate)	₹22.9 L/yr - ₹29.3 L/yr
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12 years (AmbitionBox Estimate)	₹22.5 L/yr - ₹28.7 L/yr
13 years (AmbitionBox Estimate)	₹22.1 L/yr - ₹28.2 L/yr
14 years (3 salaries)	₹19 L/yr - ₹25 L/yr
15+ years (4 salaries)	₹16 L/yr - ₹24 L/yr

View all

Similar Designation salaries in HDFC Ergo General Insurance

Deputy Manager Salary

(260 salaries)

₹3 L/yr - ₹10.25 L/yr

Assistant Vice President Salary

(74 salaries)

₹11.7 L/yr - ₹39 L/yr

Junior Associate Salary

(58 salaries)

₹1.8 L/yr - ₹4 L/yr

Sales Executive Salary

(53 salaries)

₹1.45 L/yr - ₹3.75 L/yr

Customer Service Executive Salary

(40 salaries)

₹1.8 L/yr - ₹3.5 L/yr

Back Office Executive Salary

(36 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Operations Executive Salary

(24 salaries)

₹1.8 L/yr - ₹4.13 L/yr

Senior Associate Salary

(20 salaries)

₹2.52 L/yr - ₹5 L/yr

Customer Care Executive Salary

(16 salaries)

₹1.55 L/yr - ₹4 L/yr

Claims Executive Salary

(8 salaries)

₹2 L/yr - ₹5 L/yr

Salary related reviews for HDFC Ergo General Insurance

3.0

Rated by 1 employees for salary & benefits

Operations Manager in Noida

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 10 Dec 2024

3.0

for Salary and Benefits

Likes

Salaries are on time

Dislikes

They need low package employees No scope of growth They don't know how to utilise the employees skills and what ever the skills you have learnt in past every thing will vanished due to non utilisation. If you have good reference you will get good post and salaries The new CEO is very poor in cost optimization Very soon this hdfc ergo will be in loss. There compititior will grow by taking some advantages. There policies are not employee and customer friendly

Skill development - Bad

+4 more

Deputy Manager in Surat

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 26 Nov 2024

3.0

for Salary and Benefits

Likes

Employee can manage his/her work life balance at this organization.

Job security - Excellent

+2 more

Dislikes

...the cost cutting which effects Employee's conveyance, variable, appraisals etc.. This means Ergo has to improve the adequate pay scale as per Employee's skills and performance.

Skill development - Poor

+1 more

Deputy Manager Operations in Cuttack

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 06 May 2023

1.0

for Salary and Benefits

Likes

Company it will be give benifits like mandatory leave and GMC etc

Dislikes

Work culture is very bad as lot of work loads but campare to work salary is low.Appraisal is always suspense even you work better you may face bad appraisal.Even on sat and sun you may have to work if work is overloaded.

Salary - Bad

+5 more

Junior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 28 Mar 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

No promotion, no salary hike, people are more interested in office politics and gossiping, no recognition, sunday working 2 twice a month with no comp off, extra working hours with no extra pay.

Salary - Bad

+5 more

Customer Experience Manager in Noida

Full Time

Human Resources Department

4.0

• posted on 10 Jun 2022

4.0

for Salary and Benefits

Likes

I like the company's culture, work environment and job security and so .. Teammates are very supportive and management is good.

Salary - Good

+6 more

Dislikes

I don't think so there is any negative points that u need to be point out. One point is that the salary is decent but growth in career is very slow

see more salary related reviews

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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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HDFC Ergo General Insurance AVP Salary FAQs

What is the salary of AVP at HDFC Ergo General Insurance in Mumbai?

The average salary of a AVP at HDFC Ergo General Insurance in Mumbai typically ranges from ₹16.0 Lakhs to ₹32.0 Lakhs per year, depending on experience (from 10 years to 18 years).

The top 10% of AVP in Mumbai at HDFC Ergo General Insurance earn more than ₹29.2 Lakhs per year, and the top 1% earn over ₹32.0 Lakhs per year. AVP Salaries at HDFC Ergo General 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 10+ HDFC Ergo General Insurance employees in India.

What is the estimated take home salary of a AVP at HDFC Ergo General Insurance in Mumbai?

The estimated take-home salary of a AVP at HDFC Ergo General Insurance in Mumbai typically ranges from ₹1,53,192 to ₹1,58,982 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹32.0 Lakhs per year for employees with experience ranging from 10 years to 18 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 Ergo General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDFC Ergo General Insurance for AVP in India?

HDFC Life	₹25.0 Lakhs to ₹60.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹29.0 Lakhs to ₹40.5 Lakhs per year
Kotak Mahindra General Insurance	₹20.0 Lakhs to ₹31.0 Lakhs per year
ICICI Lombard General Insurance Company	₹16.0 Lakhs to ₹39.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HDFC Ergo General Insurance, depending on the role and experience level.

What is the salary of a AVP in companies similar to HDFC Ergo General Insurance in Mumbai?

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

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
Aegon Religare Life Insurance	₹6.0 Lakhs to ₹27.0 Lakhs per year
Kotak Mahindara Life Insurance	₹9.8 Lakhs to ₹26.1 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 HDFC Ergo General Insurance in Mumbai?

The salary growth for a AVP at HDFC Ergo General 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 HDFC Ergo General Insurance:

Experience	Average Salary Range
10 years	₹23.4 Lakhs to ₹29.9 Lakhs per year
11 years	₹22.9 Lakhs to ₹29.3 Lakhs per year
12 years	₹22.5 Lakhs to ₹28.7 Lakhs per year
13 years	₹22.1 Lakhs to ₹28.2 Lakhs per year

and so on.

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HDFC Ergo General Insurance AVP Salaries in Mumbai

HDFC Ergo General Insurance AVP salary in Mumbai ranges between ₹16 Lakhs to ₹32 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.