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ICICI Lombard General Insurance Company Senior Vice President salaries in Mumbai

Annual salary range
11 - 26 years exp.
₹34 Lakhs - ₹95 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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6% less than the average Senior Vice President Salary in Insurance Companies for 11 - 26 years of experience

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Salaries in different departments

Strategic & Top Management
Senior Vice President Salary
15 - 23 years exp. (4 salaries)
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₹50 L/yr - ₹95 L/yr

BFSI, Investments & Trading
Senior Vice President Salary
26 years exp. (AmbitionBox Estimate)
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₹39.2 L/yr - ₹94 L/yr

Last Updated: 28 Sep 2024

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

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ICICI Lombard General Insurance Company Senior Vice President Salary

11 - 26 years exp. (12 salaries)

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₹34 L/yr - ₹95 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹30 L/yr - ₹50 L/yr

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HDFC Life Senior Vice President Salary

15 - 24 years exp. (8 salaries)

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₹45 L/yr - ₹1 Cr/yr

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₹45 L/yr - ₹1 Cr/yr

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₹45 L/yr - ₹1.1 Cr/yr

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Tata AIG Senior Vice President Salary

18 - 21 years exp. (5 salaries)

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₹40 L/yr - ₹1 Cr/yr

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₹45 L/yr - ₹55 L/yr

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₹80 L/yr - ₹1 Cr/yr

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₹45 L/yr - ₹71 L/yr

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₹45 L/yr - ₹99 L/yr

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Senior Vice President salary at ICICI Lombard General Insurance Company ranges between ₹34 Lakhs to ₹95 Lakhs per year for employees with experience between 11 years to 26 years. Salary estimates are based on 12 latest salaries received from various employees of ICICI Lombard General Insurance Company.

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

6mo ago
₹48 Lakhs
16 years exp.
1y ago
₹41 Lakhs
14 years exp.
1y ago
₹77 Lakhs
23 years exp.
1y ago
₹94 Lakhs
26 years exp.

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

Last Updated: 28 Sep 2024

Experience Avg Annual Salary
11 years (AmbitionBox Estimate)

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₹33.7 L/yr - ₹43.1 L/yr
12 years (AmbitionBox Estimate)

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₹36 L/yr - ₹46 L/yr
13 years (AmbitionBox Estimate)

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₹38.2 L/yr - ₹48.8 L/yr
14 years (AmbitionBox Estimate)

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₹40.5 L/yr - ₹51.7 L/yr
15+ years  (9 salaries)

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₹48 L/yr - ₹95 L/yr

Similar Designation salaries in ICICI Lombard General Insurance Company

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₹15 L/yr - ₹37.5 L/yr
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₹7 L/yr - ₹10 L/yr
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₹9.56 L/yr - ₹20 L/yr
Branch Manager Salary
(8 salaries)
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₹6 L/yr - ₹12 L/yr
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₹14.2 L/yr - ₹31 L/yr

Salary related reviews for ICICI Lombard General Insurance Company

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 08 Jun 2024

4.0
 for  Salary and Benefits

Likes

Get salary on time,

  • Salary - Good
  • +1 more

Dislikes

Toxic behaviour by top management, and HR will not supportive, On every day 4-5 con call , work under pressure , HR will transfer any time any where without prior notice, old employees are permanent दामाद of company, they will not accept new employees.

read more
  • Job security - Bad
  • +3 more

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 21 Sep 2023

1.0
 for  Salary and Benefits

Likes

Job security. They didn't fire anyone

  • Job security - Excellent

Dislikes

Very less salary If you work hard they will never appreciate you Sales team involvement infact manger did not take stand for there employees. They only blames you. Work load is to high you will be doing 2 persons work at 1 person salary. Work culture is very bad.

read more
  • Salary - Bad
  • +4 more

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 03 Apr 2023

2.0
 for  Salary and Benefits

Likes

Job security and few HR policies now those are outdated. Nothing much other than job security.

  • Job security - Good

Dislikes

... year rather than thinking about team requirements. Should work on all weekends. No extra pay for overtime. Band 1 people come and say that they are going to implement overtime allowances but it's almost 2 years now but no such action taken. No internal job movements as they are scared to move resources for loss of track and no skill improvement programs. You would do same kind of job for years and they never reply to complaints.

read more
  • Salary - Poor
  • +5 more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 24 Jun 2023

4.0
 for  Salary and Benefits

Likes

IL is company where you get freedom to work and explore. The management and line managers belive in the employee to go out of box and get the things done. Also there work life balance which is very important.

read more
  • Salary - Good
  • +6 more

Dislikes

Salary increments are lower when compared to other Competitors.

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 18 May 2023

2.0
 for  Salary and Benefits

Likes

Only the good part is job security

  • Job security - Good

Dislikes

...urism, no promotion and good appraisal if you are not your superior's favourite. New joiners are paid very good salary good hike and old employees are not valued

read more
  • Salary - Poor
  • +3 more
see more salary related reviews

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ICICI Lombard General Insurance Company Senior Vice President Salary FAQs

What is the salary of Senior Vice President at ICICI Lombard General Insurance Company in Mumbai?
The average salary of a Senior Vice President at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹34.0 Lakhs to ₹95.0 Lakhs per year, depending on experience (from 11 years to 26 years).

The top 10% of Senior Vice President in Mumbai at ICICI Lombard General Insurance Company earn more than ₹94.3 Lakhs per year, and the top 1% earn over ₹95.0 Lakhs per year. Senior 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 10+ ICICI Lombard General Insurance Company employees in India.
What is the estimated take home salary of a Senior Vice President at ICICI Lombard General Insurance Company in Mumbai?
The estimated take-home salary of a Senior Vice President at ICICI Lombard General Insurance Company in Mumbai typically ranges from ₹3,14,466 to ₹3,26,597 per month. This is based on the average salary range of ₹34.0 Lakhs to ₹95.0 Lakhs per year for employees with experience ranging from 11 years to 26 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 ICICI Lombard General Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than ICICI Lombard General Insurance Company for Senior Vice President in India?
Axis Max Life Insurance ₹80.0 Lakhs to ₹101.0 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
Tata AIG ₹40.0 Lakhs to ₹100.0 Lakhs per year
HDFC Life ₹45.0 Lakhs to ₹100.0 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 Senior Vice President in companies similar to ICICI Lombard General Insurance Company in Mumbai?
The salary of a Senior 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:

Bajaj Allianz Life Insurance ₹45.0 Lakhs to ₹71.0 Lakhs per year
Tata AIA Life Insurance ₹45.0 Lakhs to ₹101.0 Lakhs per year
Reliance Nippon Life Insurance ₹45.0 Lakhs to ₹55.0 Lakhs per year
Kotak Mahindara Life Insurance ₹30.0 Lakhs to ₹50.0 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 ICICI Lombard General Insurance Company in Mumbai?
The salary growth for a Senior Vice President at ICICI Lombard General Insurance Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Vice President in Mumbai can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience Average Salary Range
11 years ₹33.7 Lakhs to ₹43.1 Lakhs per year
12 years ₹36.0 Lakhs to ₹46.0 Lakhs per year
13 years ₹38.2 Lakhs to ₹48.8 Lakhs per year
14 years ₹40.5 Lakhs to ₹51.7 Lakhs per year
and so on.

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ICICI Lombard General Insurance Company Senior Vice President salary in Mumbai ranges between ₹34 Lakhs to ₹95 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 12 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.