HDFC Life Mumbai Assistant Vice President Salaries by 10+ Employees (Updated 2025)

13 - 24 years exp.

₹22.2 Lakhs - ₹52 Lakhs

Avg. annual salary

Monthly In-hand Salary

21% more than the average Assistant Vice President Salary in Insurance Companies for 13 - 24 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Customer Success, Service & Operations Assistant Vice President Salary 18 - 20 years exp. (4 salaries)	₹22.2 L/yr - ₹28.7 L/yr
Sales & Business Development Assistant Vice President Salary 20 - 21 years exp. (AmbitionBox Estimate)	₹41 L/yr - ₹52 L/yr
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Strategic & Top Management Assistant Vice President Salary 15 - 20 years exp. (AmbitionBox Estimate)	₹38 L/yr - ₹45 L/yr

Last Updated: 23 Jan 2025

Companies similar to HDFC Life for Assistant Vice President in Mumbai

HDFC Life Assistant Vice President Salary

13 - 24 years exp. (16 salaries)

₹22.2 L/yr - ₹52 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Assistant Vice President Salary 8 - 19 years exp. (96 salaries)	₹8.5 L/yr - ₹30 L/yr 45% less
HDFC Ergo General Insurance Assistant Vice President Salary 10 - 20 years exp. (74 salaries)	₹11.7 L/yr - ₹39 L/yr 36% less
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Tata AIA Life Insurance Assistant Vice President Salary 14 - 22 years exp. (41 salaries)	₹19.2 L/yr - ₹51 L/yr At par	5 job openings
Axis Max Life Insurance Assistant Vice President Salary 14 - 22 years exp. (18 salaries)	₹18.5 L/yr - ₹35 L/yr 24% less	1 job opening
SBI General Insurance Assistant Vice President Salary 11 - 20 years exp. (9 salaries)	₹18.2 L/yr - ₹34.9 L/yr 15% less
Swiss Re Assistant Vice President Salary 9 - 17 years exp. (7 salaries)	₹15.5 L/yr - ₹36 L/yr 18% less
ICICI Lombard General Insurance Company Assistant Vice President Salary 10 - 17 years exp. (7 salaries)	₹14.2 L/yr - ₹31 L/yr 32% less
Aditya Birla Sun Life Insurance Assistant Vice President Salary 10 - 20 years exp. (7 salaries)	₹40 L/yr - ₹56 L/yr 25% more
Gallagher Assistant Vice President Salary 9 - 16 years exp. (5 salaries)	₹20 L/yr - ₹26 L/yr 33% less
Reliance Nippon Life Insurance Assistant Vice President Salary 5 - 20 years exp. (4 salaries)	₹15 L/yr - ₹31 L/yr 34% less
Kotak Mahindra General Insurance Assistant Vice President Salary 13 - 18 years exp. (3 salaries)	₹22.5 L/yr - ₹28 L/yr 31% less
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Assistant Vice President salary at HDFC Life ranges between ₹22.2 Lakhs to ₹52 Lakhs per year for employees with experience between 13 years to 24 years. Salary estimates are based on 16 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Assistant Vice President in Mumbai

2mo ago

₹31 Lakhs

18 years exp.

2mo ago

₹44 Lakhs

13 years exp.

6mo ago

₹28.7 Lakhs

20 years exp.

7mo ago

₹26 Lakhs

20 years exp.

8mo ago

₹26 Lakhs

24 years exp.

9mo ago

19 years exp.

10mo ago

19 years exp.

1y ago

18 years exp.

1y ago

18 years exp.

1y ago

15 years exp.

Experience wise HDFC Life Assistant Vice President salaries in Mumbai

Last Updated: 23 Jan 2025

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹32.5 L/yr - ₹41.5 L/yr
14 years (AmbitionBox Estimate)	₹32.3 L/yr - ₹41.3 L/yr
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15+ years (15 salaries)	₹22.2 L/yr - ₹52 L/yr

Similar Designation salaries in HDFC Life

Software Engineer Salary

(19 salaries)

₹7.5 L/yr - ₹25 L/yr

Lead Software Engineer Salary

(12 salaries)

₹18 L/yr - ₹32 L/yr

Senior Software Engineer Salary

(12 salaries)

₹13 L/yr - ₹24.5 L/yr

Senior Consultant Salary

(4 salaries)

₹4.2 L/yr - ₹17.5 L/yr

Top skills at HDFC Life for Assistant Vice President

Bancassurance Bfsi Sales Salesforce Project Management Operational Excellence Key Account Management Process Optimization Organization Skills Sales Planning Sales Strategy Leadership

Salary related reviews for HDFC Life

3.0

Rated by 1 employees for salary & benefits

Senior Associate in Machilipatnam

Full Time

Other Department

4.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

Skill development - Excellent

+2 more

Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

Promotions - Poor

Senior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

Salary - Bad

+6 more

Senior Associate in Patna

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 04 Jun 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Low salary structure Unwanted work pressure Dirty politics Zero growth if you're not a politician in the company Non recognition of your good work No incentives even after having huge targets Manual rating system of employees, you will be judged by your amount of buttering not by your performance. Overall very bad work culture

Salary - Bad

+6 more

Senior Associate in Ghaziabad

Branch Operations Department

3.0

• posted on 02 Aug 2022

1.0

for Salary and Benefits

Likes

...omplete your assigned task. And it is achievable if proper direction provided. Salary will be on time always no delay.

Job security - Excellent

+1 more

Dislikes

...ay of the month you will have to do work from home and do the revival calling. In branch operations 80% is sales and 20% is operations work but salary will be according to operations.

Salary - Bad

+1 more

Senior Associate in Marathalli

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 16 Sep 2022

3.0

for Salary and Benefits

Likes

Once you got job you can not leave that company. Because the seniors don't want you to leave .

Skill development - Good

+2 more

Dislikes

Work in pressure. Less salary. Late night working. They ask you to go to different branches on different days and they don't even pay charges.

see more salary related reviews

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Top trending discussions

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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 Life Assistant Vice President Salary FAQs

What is the salary of Assistant Vice President at HDFC Life in Mumbai?

The average salary of a Assistant Vice President at HDFC Life in Mumbai typically ranges from ₹22.2 Lakhs to ₹52.0 Lakhs per year, depending on experience (from 13 years to 24 years).

The top 10% of Assistant Vice President in Mumbai at HDFC Life earn more than ₹44.9 Lakhs per year, and the top 1% earn over ₹52.0 Lakhs per year. Assistant Vice President 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 10+ HDFC Life employees in India.

What is the estimated take home salary of a Assistant Vice President at HDFC Life in Mumbai?

The estimated take-home salary of a Assistant Vice President at HDFC Life in Mumbai typically ranges from ₹2,12,745 to ₹2,21,228 per month. This is based on the average salary range of ₹22.2 Lakhs to ₹52.0 Lakhs per year for employees with experience ranging from 13 years to 24 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 Life. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Assistant Vice President at HDFC Life in Mumbai?

To be a Assistant Vice President at HDFC Life in Mumbai, the key skills required include:

- Bancassurance
- Bfsi Sales
- Salesforce
- Project Management
- Operational Excellence

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 Assistant Vice President in India?

Aditya Birla Sun Life Insurance	₹40.0 Lakhs to ₹56.0 Lakhs per year
Tata AIA Life Insurance	₹19.2 Lakhs to ₹51.0 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 Assistant Vice President in companies similar to HDFC Life in Mumbai?

The salary of a Assistant Vice President at companies similar to HDFC Life in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI General Insurance	₹18.2 Lakhs to ₹34.9 Lakhs per year
Swiss Re	₹15.5 Lakhs to ₹36.0 Lakhs per year
Axis Max Life Insurance	₹18.5 Lakhs to ₹35.0 Lakhs per year
Kotak Mahindra General Insurance	₹22.5 Lakhs to ₹28.0 Lakhs per year
ICICI Lombard General Insurance Company	₹14.2 Lakhs to ₹31.0 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 Assistant Vice President at HDFC Life in Mumbai?

The salary growth for a Assistant Vice President at HDFC Life in Mumbai depends on factors such as experience, performance, and promotions. On average, a Assistant Vice President in Mumbai can expect the following growth trajectory at HDFC Life:

Experience	Average Salary Range
13 years	₹32.5 Lakhs to ₹41.5 Lakhs per year
14 years	₹32.3 Lakhs to ₹41.3 Lakhs per year
15 years	₹22.2 Lakhs to ₹52.0 Lakhs per year

and so on.

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HDFC Life Assistant Vice President Salaries in Mumbai

HDFC Life Assistant Vice President salary in Mumbai ranges between ₹22.2 Lakhs to ₹52 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 HDFC Life latest salaries received from various employees of HDFC Life.