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HDFC Ergo General Insurance Senior Vice President salaries in India

Annual salary range
17 - 23 years exp.
₹39.2 Lakhs - ₹51 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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32% less than the average Senior Vice President Salary in Insurance Companies for 17 - 23 years of experience

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Salaries in different departments

Strategic & Top Management
Senior Vice President Salary
19 - 23 years exp. (3 salaries)
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₹39.2 L/yr - ₹51 L/yr

BFSI, Investments & Trading
Senior Vice President Salary
17 - 19 years exp. (AmbitionBox Estimate)
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₹39 L/yr - ₹40 L/yr

Last Updated: 8 Sep 2024

Companies similar to HDFC Ergo General Insurance for Senior Vice President

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₹29.7 L/yr - ₹51 L/yr

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₹34 L/yr - ₹95 L/yr

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HDFC Life Senior Vice President Salary

15 - 25 years exp. (13 salaries)

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₹39 L/yr - ₹1 Cr/yr

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Swiss Re Senior Vice President Salary

15 - 18 years exp. (6 salaries)

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₹64 L/yr - ₹1.3 Cr/yr

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₹45 L/yr - ₹1 Cr/yr

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₹45 L/yr - ₹99 L/yr

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₹80 L/yr - ₹1 Cr/yr

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₹45 L/yr - ₹1.1 Cr/yr

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₹45 L/yr - ₹1 Cr/yr

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₹18 L/yr - ₹26 L/yr

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Senior Vice President salary at HDFC Ergo General Insurance ranges between ₹39.2 Lakhs to ₹51 Lakhs per year for employees with experience between 17 years to 23 years. Salary estimates are based on 5 latest salaries received from various employees of HDFC Ergo General Insurance.

Latest annual salaries shared by HDFC Ergo General Insurance Senior Vice President

5mo ago
₹50 Lakhs
23 years exp.
1y ago
₹40 Lakhs
17 years exp.
1y ago
₹51 Lakhs
19 years exp.
1y ago
₹39.2 Lakhs
22 years exp.
1y ago
₹40 Lakhs
19 years exp.

Experience wise HDFC Ergo General Insurance Senior Vice President salaries

Last Updated: 8 Sep 2024

Experience Avg Annual Salary
15+ years  (5 salaries)

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₹39.2 L/yr - ₹51 L/yr

Similar Designation salaries in HDFC Ergo General Insurance

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₹8.35 L/yr - ₹29.5 L/yr
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₹9.55 L/yr - ₹32 L/yr
Head Operations Salary
(AmbitionBox Estimate)
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₹2.4 L/yr - ₹3.1 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹27 L/yr - ₹34.5 L/yr
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₹8.5 L/yr - ₹18 L/yr
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₹3.3 L/yr - ₹4.5 L/yr
Branch Head Salary
(8 salaries)
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₹6.3 L/yr - ₹11.8 L/yr
Associate Director Salary
(AmbitionBox Estimate)
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₹27 L/yr - ₹34.5 L/yr
Project Manager Salary
(16 salaries)
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₹10 L/yr - ₹17.55 L/yr
Branch Manager Salary
(195 salaries)
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₹4.7 L/yr - ₹14.5 L/yr

Salary related reviews for HDFC Ergo General Insurance

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

read more
  • Skill development - Bad
  • +4 more

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.

read more
  • Skill development - Poor
  • +1 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 27 Nov 2022

1.0
 for  Salary and Benefits

Likes

Claims

Dislikes

...what to do and how.. just business without planning. Lack of vision n mission. Comparatively Very low salary and incentives . Software n system upto 1980s. Focus on employee tracking instead of supporting.

read more
  • Salary - Bad
  • +6 more

Operations Department

4.0
  •  posted on 11 Oct 2020

4.0
 for  Salary and Benefits

Likes

This is my first corporate job in HDFC, and I'm still working, everything is good.

  • Salary - Good
  • +5 more

Dislikes

I'm working in this company from last 4 years, still I'm struggling to get on payroll, in pemdamic employees who are on company payroll get their bonus on time (April) and we still don't know anything about ours. at the end we come to know that company is in loss so third party payroll employees can't get bonus as well as increment this year. which is something I did not expected. Payroll employees got their bonus but at our time it's in loss, that's Sad.

read more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 10 Mar 2025

2.0
 for  Salary and Benefits

Likes

Nothing even HOD sitting at Mumbai not eager to pay travelling allowance. Great joke you need to provide upi payment detail for bus fare if you have travelled by private bus.

read more

Dislikes

Seniors don't have humanity, you need to attend concall even though you are in icu.

  • Salary - Poor
  • +6 more
see more salary related reviews

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HDFC Ergo General Insurance Senior Vice President Salary FAQs

What is the salary of Senior Vice President at HDFC Ergo General Insurance ?
The average salary of a Senior Vice President at HDFC Ergo General Insurance in India typically ranges from ₹39.2 Lakhs to ₹51.0 Lakhs per year, depending on experience (from 17 years to 23 years).

The top 10% of Senior Vice President at HDFC Ergo General Insurance earn more than ₹51.0 Lakhs per year, and the top 1% earn over ₹51.0 Lakhs per year. Senior Vice President 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 5 HDFC Ergo General Insurance employees in India.
What is the estimated take home salary of a Senior Vice President at HDFC Ergo General Insurance in India?
The estimated take-home salary of a Senior Vice President at HDFC Ergo General Insurance in India typically ranges from ₹2,46,468 to ₹2,56,475 per month. This is based on the average salary range of ₹39.2 Lakhs to ₹51.0 Lakhs per year for employees with experience ranging from 17 years to 23 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 5 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 Senior Vice President in India?
Swiss Re ₹64.0 Lakhs to ₹130.0 Lakhs per year
Axis Max Life Insurance ₹80.0 Lakhs to ₹102.0 Lakhs per year
SBI Life Insurance Company ₹45.0 Lakhs to ₹112.0 Lakhs per year
ICICI Prudential Life Insurance ₹45.0 Lakhs to ₹99.0 Lakhs per year
Bajaj Allianz Life Insurance ₹45.0 Lakhs to ₹101.0 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 Senior Vice President in companies similar to HDFC Ergo General Insurance in India?
The salary of a Senior Vice President at companies similar to HDFC Ergo General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Life ₹39.0 Lakhs to ₹102.0 Lakhs per year
ICICI Lombard General Insurance Company ₹34.0 Lakhs to ₹95.0 Lakhs per year
Tata AIA Life Insurance ₹45.0 Lakhs to ₹101.0 Lakhs per year
Kotak Mahindara Life Insurance ₹29.7 Lakhs to ₹51.0 Lakhs per year
Spectrum Insurance Distribution ₹18.0 Lakhs to ₹26.0 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 Senior Vice President at HDFC Ergo General Insurance in India?
The salary growth for a Senior Vice President at HDFC Ergo General Insurance depends on factors such as experience, performance, and promotions. On average, a Senior Vice President can expect the following growth trajectory at HDFC Ergo General Insurance:

Experience Average Salary Range
15 years ₹39.2 Lakhs to ₹51.0 Lakhs per year
and so on.

Tell us how to improve this page.

HDFC Ergo General Insurance Senior Vice President salary in India ranges between ₹39.2 Lakhs to ₹51 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.