ICICI Lombard General Insurance Company Mumbai Assistant Vice President Salaries by 7 Employees (Updated 2025)

10 - 17 years exp.

₹14.2 Lakhs - ₹31 Lakhs

Avg. annual salary

Monthly In-hand Salary

18% less than the average Assistant Vice President Salary in Insurance Companies for 10 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Vice President Salary 15 years exp. (AmbitionBox Estimate)	₹14.2 L/yr - ₹25 L/yr
Customer Success, Service & Operations Assistant Vice President Salary 15 - 17 years exp. (AmbitionBox Estimate)	₹20 L/yr - ₹23.5 L/yr
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Finance & Accounting Assistant Vice President Salary 16 years exp. (AmbitionBox Estimate)	₹23.5 L/yr - ₹31 L/yr
Quality Assurance Assistant Vice President Salary 11 years exp. (AmbitionBox Estimate)	₹23 L/yr - ₹26 L/yr
Sales & Business Development Assistant Vice President Salary 10 years exp. (AmbitionBox Estimate)	₹19.6 L/yr - ₹26 L/yr

Last Updated: 5 Jan 2025

Companies similar to ICICI Lombard General Insurance Company for Assistant Vice President in Mumbai

ICICI Lombard General Insurance Company Assistant Vice President Salary

10 - 17 years exp. (7 salaries)

₹14.2 L/yr - ₹31 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Assistant Vice President Salary 8 - 19 years exp. (95 salaries)	₹8.5 L/yr - ₹30 L/yr 19% less
Tata AIA Life Insurance Assistant Vice President Salary 14 - 22 years exp. (42 salaries)	₹19.2 L/yr - ₹51 L/yr 55% more	5 job openings
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Axis Max Life Insurance Assistant Vice President Salary 14 - 22 years exp. (18 salaries)	₹18.5 L/yr - ₹35 L/yr 13% more	1 job opening
HDFC Life Assistant Vice President Salary 13 - 24 years exp. (16 salaries)	₹22.2 L/yr - ₹52 L/yr 48% more	1 job opening
SBI General Insurance Assistant Vice President Salary 11 - 20 years exp. (9 salaries)	₹18.2 L/yr - ₹34.9 L/yr 26% more
Tata AIG Assistant Vice President Salary 9 - 17 years exp. (8 salaries)	₹20 L/yr - ₹40 L/yr 10% more
Aditya Birla Sun Life Insurance Assistant Vice President Salary 10 - 20 years exp. (7 salaries)	₹40 L/yr - ₹56 L/yr 85% more
Reliance General Insurance Assistant Vice President Salary 16 - 23 years exp. (7 salaries)	₹14.5 L/yr - ₹38 L/yr 5% less
Gallagher Assistant Vice President Salary 9 - 16 years exp. (5 salaries)	₹20 L/yr - ₹26 L/yr 1% less
Reliance Nippon Life Insurance Assistant Vice President Salary 5 - 20 years exp. (4 salaries)	₹15 L/yr - ₹31 L/yr 3% less
Canara HSBC Life Insurance Assistant Vice President Salary 12 - 20 years exp. (3 salaries)	₹28 L/yr - ₹40 L/yr 20% more	1 job opening
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Assistant Vice President salary at ICICI Lombard General Insurance Company ranges between ₹14.2 Lakhs to ₹31 Lakhs per year for employees with experience between 10 years to 17 years. Salary estimates are based on 7 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Experience wise ICICI Lombard General Insurance Company Assistant Vice President salaries in Mumbai

Last Updated: 5 Jan 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹22.5 L/yr - ₹28.8 L/yr
11 years (AmbitionBox Estimate)	₹22.3 L/yr - ₹28.5 L/yr
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12 years (AmbitionBox Estimate)	₹22.1 L/yr - ₹28.2 L/yr
13 years (AmbitionBox Estimate)	₹21.9 L/yr - ₹28 L/yr
14 years (AmbitionBox Estimate)	₹21.7 L/yr - ₹27.7 L/yr
15+ years (5 salaries)	₹14.2 L/yr - ₹31 L/yr

View all

Similar Designation salaries in ICICI Lombard General Insurance Company

Software Engineer Salary

(26 salaries)

₹6.6 L/yr - ₹12.66 L/yr

Senior Software Engineer Salary

(14 salaries)

₹5.6 L/yr - ₹16 L/yr

Top skills at ICICI Lombard General Insurance Company for Assistant Vice President

Garments Sales Management

Salary related reviews for ICICI Lombard General Insurance Company

2.8

Rated by 3 employees for salary & benefits

Customer Relationship Manager in Hyderabad / Secunderabad

Full Time

Engineering - Software & QA Department

4.0

• posted on 25 Mar 2025

3.0

for Salary and Benefits

Likes

There is several departments, i was working in ( CRT Department ), i had good experience at icici Lombard, if you are completing your on time so no one will force you for OT, if you want leave so you will have to inform few days back to your reporting person and your leave will be approved, we had office outing also, i had been there for 1 year i haven't felt any office politics.

Job security - Excellent

+4 more

Dislikes

Less salary IJP after 18 months No gift or sweet in diwali Less salary hike

Manager - CRM in Indore (working remotely)

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 02 Feb 2025

4.0

for Salary and Benefits

Likes

Salary received on time no delays. Leaves system was also as per the requirements

Salary - Good

+3 more

Dislikes

Breaks are not appropriate I have medical issues like over active bladder I need to go to washroom frequently between one two hours but there is no break just you have to take permissions for that also break schedule not good

Verification Officer in Mumbai

Full Time

Administration & Facilities Department

3.0

• posted on 19 Jan 2025

2.0

for Salary and Benefits

Likes

I had good co- workers with me. Friendly Team leader. That was the best part in my department.

Dislikes

...y. The TL and management will make your life hell. Even they call you on Sunday. With no extra pay.No work life balance at all.

Salary - Poor

+3 more

Unit Sales Manager in Pune

Full Time

Sales & Business Development Department

2.0

• posted on 23 Dec 2024

3.0

for Salary and Benefits

Likes

Nothing as such, only u got salary on time

Job security - Good

Dislikes

Everything is worth from the top level to bottom level no one is supportive even HR's only listen to top level like your manager you are reporting to ... No appraisal no hike nothing specially for campus hire.. If you r fresher so definitely you will get 5 rating and no hike ,even you did too good in terms of business... No one will listen your point , top level is always right here

Skill development - Poor

+4 more

Customer Relationship Management Executive in Hyderabad / Secunderabad

Full Time

Other Department

5.0

• posted on 22 Nov 2024

2.0

for Salary and Benefits

Likes

Coordinates between the people

Job security - Good

+1 more

Dislikes

... the time of final scour means there is something is going to wrong internally . New joining people and we are not eligible for the bonus and incentives

Salary - Poor

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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ICICI Lombard General Insurance Company Assistant Vice President Salary FAQs

What is the salary of Assistant Vice President at ICICI Lombard General Insurance Company in Mumbai?

The average salary of a Assistant Vice President at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹14.2 Lakhs to ₹31.0 Lakhs per year, depending on experience (from 10 years to 17 years).

The top 10% of Assistant Vice President in Mumbai at ICICI Lombard General Insurance Company earn more than ₹30.0 Lakhs per year, and the top 1% earn over ₹31.0 Lakhs per year. Assistant Vice President Salaries at ICICI Lombard General Insurance Company 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 7 ICICI Lombard General Insurance Company employees in India.

What is the estimated take home salary of a Assistant Vice President at ICICI Lombard General Insurance Company in Mumbai?

The estimated take-home salary of a Assistant Vice President at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹1,51,922 to ₹1,57,655 per month. This is based on the average salary range of ₹14.2 Lakhs to ₹31.0 Lakhs per year for employees with experience ranging from 10 years to 17 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 7 salaries received from various employees of ICICI Lombard General Insurance Company. 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 ICICI Lombard General Insurance Company in Mumbai?

To be a Assistant Vice President at ICICI Lombard General Insurance Company in Mumbai, the key skills required include:

- Garments
- Sales Management

These skills are highly valued at ICICI Lombard General Insurance Company and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than ICICI Lombard General Insurance Company 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
HDFC Life	₹22.2 Lakhs to ₹52.0 Lakhs per year
SBI General Insurance	₹18.2 Lakhs to ₹34.9 Lakhs per year
Canara HSBC Life Insurance	₹28.0 Lakhs to ₹40.0 Lakhs per year

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

What is the salary of a Assistant Vice President in companies similar to ICICI Lombard General Insurance Company in Mumbai?

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

Axis Max Life Insurance	₹18.5 Lakhs to ₹35.0 Lakhs per year
Tata AIG	₹20.0 Lakhs to ₹40.0 Lakhs per year
Gallagher	₹20.0 Lakhs to ₹26.0 Lakhs per year
Reliance Nippon Life Insurance	₹15.0 Lakhs to ₹31.0 Lakhs per year
Reliance General Insurance	₹14.5 Lakhs to ₹38.0 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 ICICI Lombard General Insurance Company in Mumbai?

The salary growth for a Assistant Vice President at ICICI Lombard General Insurance Company 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 ICICI Lombard General Insurance Company:

Experience	Average Salary Range
10 years	₹22.5 Lakhs to ₹28.8 Lakhs per year
11 years	₹22.3 Lakhs to ₹28.5 Lakhs per year
12 years	₹22.1 Lakhs to ₹28.2 Lakhs per year
13 years	₹21.9 Lakhs to ₹28.0 Lakhs per year

and so on.

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ICICI Lombard General Insurance Company Assistant Vice President Salaries in Mumbai

ICICI Lombard General Insurance Company Assistant Vice President salary in Mumbai ranges between ₹14.2 Lakhs to ₹31 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.

ICICI Lombard General Insurance Company Assistant Vice President salaries in Mumbai (Updated 2025)

Companies similar to ICICI Lombard General Insurance Company for Assistant Vice President in Mumbai

Latest annual salaries shared by ICICI Lombard General Insurance Company Assistant Vice President in Mumbai

Experience wise ICICI Lombard General Insurance Company Assistant Vice President salaries in Mumbai

Similar Designation salaries in ICICI Lombard General Insurance Company

Top skills at ICICI Lombard General Insurance Company for Assistant Vice President

Salary related reviews for ICICI Lombard General Insurance Company

Customer Relationship Manager in Hyderabad / Secunderabad

Manager - CRM in Indore (working remotely)

Verification Officer in Mumbai

Unit Sales Manager in Pune

Customer Relationship Management Executive in Hyderabad / Secunderabad

ICICI Lombard General Insurance Company Assistant Vice President Salary FAQs

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