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

17 - 31 years exp.

₹28.4 Lakhs - ₹65.3 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

5% less than the average Vice President Salary in Insurance Companies for 17 - 31 years of experience

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Salaries in different departments

Sales & Business Development Vice President Salary 18 - 31 years exp. (6 salaries)	₹43 L/yr - ₹55 L/yr
Legal & Regulatory Vice President Salary 18 - 27 years exp. (4 salaries)	₹28.4 L/yr - ₹49.1 L/yr
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BFSI, Investments & Trading Vice President Salary 17 - 20 years exp. (AmbitionBox Estimate)	₹35 L/yr - ₹42.4 L/yr
Risk Management & Compliance Vice President Salary 21 - 23 years exp. (AmbitionBox Estimate)	₹40 L/yr - ₹43.5 L/yr
Strategic & Top Management Vice President Salary 22 - 25 years exp. (AmbitionBox Estimate)	₹45.8 L/yr - ₹47.5 L/yr

View all

Last Updated: 2 Apr 2025

Companies similar to HDFC Ergo General Insurance for Vice President in Mumbai

HDFC Ergo General Insurance Vice President Salary

17 - 31 years exp. (19 salaries)

₹28.4 L/yr - ₹65.3 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 23% less
ICICI Lombard General Insurance Company Vice President Salary 14 - 23 years exp. (24 salaries)	₹32.1 L/yr - ₹94 L/yr 40% more
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Kotak Mahindara Life Insurance Vice President Salary 14 - 21 years exp. (24 salaries)	₹19.7 L/yr - ₹43 L/yr 23% less
SBI Life Insurance Company Vice President Salary 10 - 20 years exp. (18 salaries)	₹20 L/yr - ₹62 L/yr 5% less
HDFC Life Vice President Salary 12 - 27 years exp. (18 salaries)	₹26 L/yr - ₹72 L/yr 8% more	4 job openings
Tata AIA Life Insurance Vice President Salary 15 - 20 years exp. (10 salaries)	₹31 L/yr - ₹97 L/yr 65% more
Bajaj Allianz Life Insurance Vice President Salary 14 - 21 years exp. (8 salaries)	₹42 L/yr - ₹73 L/yr 20% more
Kotak Mahindra General Insurance Vice President Salary 19 - 25 years exp. (7 salaries)	₹33.3 L/yr - ₹43 L/yr 16% less
Axis Max Life Insurance Vice President Salary 17 - 23 years exp. (6 salaries)	₹32 L/yr - ₹79 L/yr 22% more
Swiss Re Vice President Salary 11 - 20 years exp. (6 salaries)	₹45 L/yr - ₹75.5 L/yr 55% more
ICICI Prudential Life Insurance Vice President Salary 18 - 20 years exp. (4 salaries)	₹32 L/yr - ₹38 L/yr 16% less
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Vice President salary at HDFC Ergo General Insurance ranges between ₹28.4 Lakhs to ₹65.3 Lakhs per year for employees with experience between 17 years to 31 years. Salary estimates are based on 19 latest salaries received from various employees of HDFC Ergo General Insurance.

Latest annual salaries shared by HDFC Ergo General Insurance Vice President in Mumbai

1w ago

₹47 Lakhs

24 years exp.

2mo ago

₹55 Lakhs

23 years exp.

2mo ago

₹43 Lakhs

18 years exp.

3mo ago

₹47.1 Lakhs

21 years exp.

6mo ago

₹40 Lakhs

23 years exp.

6mo ago

19 years exp.

6mo ago

25 years exp.

8mo ago

27 years exp.

1y ago

20 years exp.

1y ago

18 years exp.

Experience wise HDFC Ergo General Insurance Vice President salaries in Mumbai

Last Updated: 2 Apr 2025

Experience	Avg Annual Salary
15+ years (19 salaries)	₹28.4 L/yr - ₹65.3 L/yr
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Similar Designation salaries in HDFC Ergo General Insurance

Assistant Vice President Salary

(74 salaries)

₹11.7 L/yr - ₹39 L/yr

Associate Vice President Salary

(12 salaries)

₹12.95 L/yr - ₹29.5 L/yr

Project Manager Salary

(12 salaries)

₹10 L/yr - ₹17.55 L/yr

Branch Manager Salary

(9 salaries)

₹6 L/yr - ₹10.5 L/yr

Senior Vice President Salary

(5 salaries)

₹39.2 L/yr - ₹51 L/yr

Branch Head Salary

(4 salaries)

₹8.6 L/yr - ₹11.8 L/yr

Top skills at HDFC Ergo General Insurance for Vice President

Claims Analytical skills LI Motor Insurance

Salary related reviews for HDFC Ergo General Insurance

4.0

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

Branch Manager in Mumbai

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.

Salary - Bad

+6 more

Operations Executive in Mumbai

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.

Cluster Head Sales in Chandigarh

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.

Dislikes

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

Salary - Poor

+6 more

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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HDFC Ergo General Insurance Vice President Salary FAQs

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

The average salary of a Vice President at HDFC Ergo General Insurance in Mumbai typically ranges from ₹28.4 Lakhs to ₹65.3 Lakhs per year, depending on experience (from 17 years to 31 years).

The top 10% of Vice President in Mumbai at HDFC Ergo General Insurance earn more than ₹55.0 Lakhs per year, and the top 1% earn over ₹65.3 Lakhs per year. 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 10+ HDFC Ergo General Insurance employees in India.

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

The estimated take-home salary of a Vice President at HDFC Ergo General Insurance in Mumbai typically ranges from ₹2,65,093 to ₹2,75,942 per month. This is based on the average salary range of ₹28.4 Lakhs to ₹65.3 Lakhs per year for employees with experience ranging from 17 years to 31 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.

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

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

- Claims
- Analytical skills
- LI
- Motor Insurance

These skills are highly valued at HDFC Ergo General Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than HDFC Ergo General Insurance 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
Axis Max Life Insurance	₹32.0 Lakhs to ₹79.0 Lakhs per year
Bajaj Allianz Life Insurance	₹42.0 Lakhs to ₹73.0 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 Vice President in companies similar to HDFC Ergo General Insurance in Mumbai?

The salary of a Vice President 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:

HDFC Life	₹26.0 Lakhs to ₹72.0 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
Kotak Mahindara Life Insurance	₹19.7 Lakhs to ₹43.0 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 Ergo General Insurance in Mumbai?

The salary growth for a Vice President at HDFC Ergo General Insurance 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 Ergo General Insurance:

Experience	Average Salary Range
15 years	₹28.4 Lakhs to ₹65.3 Lakhs per year

and so on.

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HDFC Ergo General Insurance Vice President Salaries in Mumbai

HDFC Ergo General Insurance Vice President salary in Mumbai ranges between ₹28.4 Lakhs to ₹65.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 19 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.