HDFC Life Mumbai Associate Vice President Salaries by 50+ Employees (Updated 2025)

9 - 24 years exp.

₹18 Lakhs - ₹50 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Associate Vice President Salary in Insurance Companies for 9 - 24 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

BFSI, Investments & Trading Associate Vice President Salary 9 - 21 years exp. (15 salaries)	₹20 L/yr - ₹41.5 L/yr
Project & Program Management Associate Vice President Salary 13 - 21 years exp. (6 salaries)	₹29 L/yr - ₹50 L/yr
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Strategic & Top Management Associate Vice President Salary 11 - 15 years exp. (5 salaries)	₹37.2 L/yr - ₹46.8 L/yr
Customer Success, Service & Operations Associate Vice President Salary 15 - 20 years exp. (3 salaries)	₹25.4 L/yr - ₹33.5 L/yr
Finance & Accounting Associate Vice President Salary 13 - 19 years exp. (3 salaries)	₹34.5 L/yr - ₹43.2 L/yr

View all

Last Updated: 14 Mar 2025

Companies similar to HDFC Life for Associate Vice President in Mumbai

HDFC Life Associate Vice President Salary

9 - 24 years exp. (58 salaries)

₹18 L/yr - ₹50 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Associate Vice President Salary 6 - 20 years exp. (120 salaries)	₹15 L/yr - ₹37.5 L/yr 24% less
SBI Life Insurance Company Associate Vice President Salary 9 - 20 years exp. (79 salaries)	₹12 L/yr - ₹36 L/yr 25% less
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Aditya Birla Sun Life Insurance Associate Vice President Salary 7 - 17 years exp. (20 salaries)	₹24 L/yr - ₹47 L/yr 5% more
ICICI Prudential Life Insurance Associate Vice President Salary 10 - 19 years exp. (18 salaries)	₹24 L/yr - ₹41.3 L/yr At par
Reliance Nippon Life Insurance Associate Vice President Salary 15 - 23 years exp. (17 salaries)	₹13.9 L/yr - ₹32 L/yr 32% less
Bajaj Allianz Life Insurance Associate Vice President Salary 10 - 21 years exp. (14 salaries)	₹22 L/yr - ₹44.6 L/yr 5% more
Tata AIA Life Insurance Associate Vice President Salary 7 - 13 years exp. (13 salaries)	₹19 L/yr - ₹67.8 L/yr 18% more
HDFC Ergo General Insurance Associate Vice President Salary 12 - 18 years exp. (12 salaries)	₹13 L/yr - ₹29.5 L/yr 34% less
Kotak Mahindra General Insurance Associate Vice President Salary 7 - 18 years exp. (11 salaries)	₹8 L/yr - ₹22.5 L/yr 42% less
Axis Max Life Insurance Associate Vice President Salary 15 - 20 years exp. (8 salaries)	₹12 L/yr - ₹44 L/yr 12% less
SBI General Insurance Associate Vice President Salary 17 - 23 years exp. (7 salaries)	₹20 L/yr - ₹33 L/yr 22% less
Login to view exact salary
Kotak Mahindara Life Insurance Associate Vice President Salary 12 - 21 years exp. (6 salaries)	₹14.5 L/yr - ₹22.4 L/yr 55% less

Associate Vice President salary at HDFC Life ranges between ₹18 Lakhs to ₹50 Lakhs per year for employees with experience between 9 years to 24 years. Salary estimates are based on 58 latest salaries received from various employees of HDFC Life.

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

3w ago

₹32 Lakhs

18 years exp.

1mo ago

₹37 Lakhs

13 years exp.

1mo ago

₹49.1 Lakhs

20 years exp.

1mo ago

₹43.2 Lakhs

14 years exp.

3mo ago

₹20.1 Lakhs

14 years exp.

3mo ago

14 years exp.

3mo ago

15 years exp.

4mo ago

13 years exp.

5mo ago

20 years exp.

6mo ago

9 years exp.

Experience wise HDFC Life Associate Vice President salaries in Mumbai

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹27.9 L/yr - ₹35.6 L/yr
10 years (AmbitionBox Estimate)	₹28 L/yr - ₹35.8 L/yr
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11 years (AmbitionBox Estimate)	₹28.2 L/yr - ₹36 L/yr
12 years (AmbitionBox Estimate)	₹28.3 L/yr - ₹36.2 L/yr
13 years (6 salaries)	₹30.2 L/yr - ₹47 L/yr
14 years (6 salaries)	₹20.1 L/yr - ₹47 L/yr
15+ years (43 salaries)	₹18 L/yr - ₹50 L/yr

View all

From

Associate Vice President

9 - 24 years exp.

Vice President

12 - 27 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in HDFC Life

Software Engineer Salary

(19 salaries)

₹7.5 L/yr - ₹25 L/yr

Project Manager Salary

(16 salaries)

₹6.56 L/yr - ₹16.5 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 Associate Vice President

Finance Life Insurance Problem Solving Insurance Stakeholder Management Strategic Thinking Sales Strategy Life Cycle Strategy Development Technical Architecture Bancassurance Service Excellence Bfsi Sales B2B Sales Team Handling

Salary related reviews for HDFC Life

4.1

Rated by 6 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 Associate Vice President Salary FAQs

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

The average salary of a Associate Vice President at HDFC Life in Mumbai typically ranges from ₹18.0 Lakhs to ₹50.0 Lakhs per year, depending on experience (from 9 years to 24 years).

The top 10% of Associate Vice President in Mumbai at HDFC Life earn more than ₹45.6 Lakhs per year, and the top 1% earn over ₹49.9 Lakhs per year. Associate 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 50+ HDFC Life employees in India.

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

The estimated take-home salary of a Associate Vice President at HDFC Life in Mumbai typically ranges from ₹1,97,040 to ₹2,04,812 per month. This is based on the average salary range of ₹18.0 Lakhs to ₹50.0 Lakhs per year for employees with experience ranging from 9 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 50+ 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 Associate Vice President at HDFC Life in Mumbai?

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

- Finance
- Life Insurance
- Problem Solving
- Insurance
- Stakeholder Management

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 Associate Vice President in India?

Tata AIA Life Insurance	₹19.0 Lakhs to ₹67.8 Lakhs per year
Bajaj Allianz Life Insurance	₹22.0 Lakhs to ₹44.6 Lakhs per year
Aditya Birla Sun Life Insurance	₹24.0 Lakhs to ₹47.0 Lakhs per year
ICICI Prudential Life Insurance	₹24.0 Lakhs to ₹41.3 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 Associate Vice President in companies similar to HDFC Life in Mumbai?

The salary of a Associate 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:

Axis Max Life Insurance	₹12.0 Lakhs to ₹44.0 Lakhs per year
SBI General Insurance	₹20.0 Lakhs to ₹33.0 Lakhs per year
ICICI Lombard General Insurance Company	₹15.0 Lakhs to ₹37.5 Lakhs per year
SBI Life Insurance Company	₹12.0 Lakhs to ₹36.0 Lakhs per year
Reliance Nippon Life Insurance	₹13.9 Lakhs to ₹32.0 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 Associate Vice President at HDFC Life in Mumbai?

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

Experience	Average Salary Range
9 years	₹27.9 Lakhs to ₹35.6 Lakhs per year
10 years	₹28.0 Lakhs to ₹35.8 Lakhs per year
11 years	₹28.2 Lakhs to ₹36.0 Lakhs per year
12 years	₹28.3 Lakhs to ₹36.2 Lakhs per year

and so on.

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HDFC Life Associate Vice President Salaries in Mumbai

HDFC Life Associate Vice President salary in Mumbai ranges between ₹18 Lakhs to ₹50 Lakhs with an average annual salary of ₹. Salary estimates are based on 58 HDFC Life latest salaries received from various employees of HDFC Life.