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Marsh India Insurance Brokers Assistant Vice President salaries in Mumbai (Updated 2025)

Annual salary range
7 - 14 years exp.
₹12.7 Lakhs - ₹29 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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26% less than the average Assistant Vice President Salary in Insurance Companies for 7 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Vice President Salary
7 - 11 years exp. (9 salaries)
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₹12.7 L/yr - ₹28.8 L/yr

Human Resources
Assistant Vice President Salary
7 - 10 years exp. (AmbitionBox Estimate)
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₹20 L/yr - ₹22 L/yr

Sales & Business Development
Assistant Vice President Salary
7 - 12 years exp. (AmbitionBox Estimate)
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₹21.5 L/yr - ₹25 L/yr

Last Updated: 27 Mar 2025

Companies similar to Marsh India Insurance Brokers for Assistant Vice President in Mumbai

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Marsh India Insurance Brokers Assistant Vice President Salary

7 - 14 years exp. (22 salaries)

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₹12.7 L/yr - ₹29 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹16.8 L/yr - ₹36 L/yr

arrow icon 20% more
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₹19 L/yr - ₹30 L/yr

arrow icon 6% more
2 job openings
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₹11.8 L/yr - ₹25 L/yr

arrow icon 10% less
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₹16.5 L/yr - ₹34.9 L/yr

arrow icon 6% more
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₹32.5 L/yr - ₹59 L/yr

arrow icon 85% more
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₹19 L/yr - ₹27 L/yr

arrow icon 1% less
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₹32 L/yr - ₹38 L/yr

arrow icon 62% more
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Marsh Assistant Vice President Salary

7 - 12 years exp. (4 salaries)

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₹19.5 L/yr - ₹23 L/yr

arrow icon 9% less
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₹25 L/yr - ₹37 L/yr

arrow icon 36% more
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₹21.3 L/yr - ₹29 L/yr

arrow icon 10% more
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₹16 L/yr - ₹19.4 L/yr

arrow icon 16% less
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₹22.5 L/yr - ₹28 L/yr

arrow icon 12% more
Assistant Vice President salary at Marsh India Insurance Brokers ranges between ₹12.7 Lakhs to ₹29 Lakhs per year for employees with experience between 7 years to 14 years. Salary estimates are based on 22 latest salaries received from various employees of Marsh India Insurance Brokers.

Latest annual salaries shared by Marsh India Insurance Brokers Assistant Vice President in Mumbai

2w ago
₹28 Lakhs
13 years exp.
1mo ago
₹28 Lakhs
11 years exp.
2mo ago
₹28 Lakhs
9 years exp.
11mo ago
₹25 Lakhs
12 years exp.
11mo ago
₹19 Lakhs
10 years exp.
1y ago
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8 years exp.
1y ago
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10 years exp.
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8 years exp.
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10 years exp.
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8 years exp.

Experience wise Marsh India Insurance Brokers Assistant Vice President salaries in Mumbai

Last Updated: 27 Mar 2025

Experience Avg Annual Salary
7 years  (4 salaries)

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₹21 L/yr - ₹28 L/yr
8 years  (4 salaries)

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₹12.7 L/yr - ₹26 L/yr
9 years  (3 salaries)

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₹15 L/yr - ₹28.8 L/yr
10 years  (3 salaries)

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₹19 L/yr - ₹38.9 L/yr
11 years (AmbitionBox Estimate)

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₹19.5 L/yr - ₹25 L/yr
View all
Marsh India Insurance Brokers Assistant Vice President Salary and Career Growth

From

To

Assistant Vice President

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7 - 14 years exp.

Vice President

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12 - 20 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 Marsh India Insurance Brokers

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₹2.9 L/yr - ₹7.5 L/yr

Salary related reviews for Marsh India Insurance Brokers

3.1

Rated by 5 employees for salary & benefits

Marketing & Communication Department

3.0
  •  posted on 25 Sep 2019

2.0
 for  Salary and Benefits

Likes

The salary compensation is made unnecessarily complex and vague. You will get 70% of what they commit. Retention will take 50% of your annual bonus, they pay you when they realise from the partners & the mechanism of recovery is poor.

read more
  • Job security - Good
  • +2 more

Dislikes

Pay structure Work life balance

  • Salary - Poor
  • +1 more

Full Time

 · 

Administration & Facilities Department

4.0
  •  posted on 23 Apr 2022

4.0
 for  Salary and Benefits

Likes

...bout work what we going to do but more than that we can't able to get knowledge. Marsh is for timely salary which mainly we need and yearly appraisal for either posting or increments, all credits goes to the Management. Nothing you will get delay after resignation also, HR management and operations manager may help you the best. Thanks for the best opportunities I had in Marsh through randstand.

read more
  • Salary - Good
  • +5 more

Dislikes

Nothing to share about dislikes

Full Time

 · 

Marketing & Communication Department

4.0
  •  posted on 18 Feb 2024

4.0
 for  Salary and Benefits

Likes

It's a nice place to work with a good company culture and balanced work-life.

  • Salary - Good
  • +3 more

Dislikes

Growth opportunities are limited in my role and people who are working in Sales or client relationship roles are preferred for promotions.

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Full Time

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Customer Success, Service & Operations Department

3.0
  •  posted on 14 Oct 2023

2.0
 for  Salary and Benefits

Likes

Work life balance. Employee engagement. Flexible working hours. Great infrastructure,

  • Job security - Excellent
  • +2 more

Dislikes

Extreme politics at the higher level and disproportionate hierarchical structure, least opportunities for career growth and lesser growth percentage in monetary Benefits.

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  • Salary - Poor
  • +2 more

Full Time

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BFSI, Investments & Trading Department

5.0
  •  posted on 19 Oct 2023

4.0
 for  Salary and Benefits

Likes

Marsh is a leading broker, and provide good employee benefits, nice work culture, hybrid work style. Good Manegement.

  • Salary - Good
  • +6 more

Dislikes

I am working in Marsh last 5yr but the increment & pramotion not done as per my acceptance.

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Marsh India Insurance Brokers Assistant Vice President Salary FAQs

What is the salary of Assistant Vice President at Marsh India Insurance Brokers in Mumbai?
The average salary of a Assistant Vice President at Marsh India Insurance Brokers in Mumbai typically ranges from ₹12.7 Lakhs to ₹29.0 Lakhs per year, depending on experience (from 7 years to 14 years).

The top 10% of Assistant Vice President in Mumbai at Marsh India Insurance Brokers earn more than ₹28.6 Lakhs per year, and the top 1% earn over ₹29.0 Lakhs per year. Assistant Vice President Salaries at Marsh India Insurance Brokers 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 20+ Marsh India Insurance Brokers employees in India.
What is the estimated take home salary of a Assistant Vice President at Marsh India Insurance Brokers in Mumbai?
The estimated take-home salary of a Assistant Vice President at Marsh India Insurance Brokers in Mumbai typically ranges from ₹1,40,633 to ₹1,45,855 per month. This is based on the average salary range of ₹12.7 Lakhs to ₹29.0 Lakhs per year for employees with experience ranging from 7 years to 14 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 20+ salaries received from various employees of Marsh India Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Marsh India Insurance Brokers for Assistant Vice President in India?
Aditya Birla Health Insurance Co ₹32.5 Lakhs to ₹59.0 Lakhs per year
Ageas Federal Life Insurance ₹32.0 Lakhs to ₹38.0 Lakhs per year
Bharti AXA Life Insurance ₹25.0 Lakhs to ₹37.0 Lakhs per year
Edelweiss Life Insurance ₹16.8 Lakhs to ₹36.0 Lakhs per year
Kotak Mahindra General Insurance ₹22.5 Lakhs to ₹28.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Marsh India Insurance Brokers, depending on the role and experience level.
What is the salary of a Assistant Vice President in companies similar to Marsh India Insurance Brokers in Mumbai?
The salary of a Assistant Vice President at companies similar to Marsh India Insurance Brokers in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Medi Assist India ₹21.3 Lakhs to ₹29.0 Lakhs per year
Future Generali India Life Insurance ₹19.0 Lakhs to ₹30.0 Lakhs per year
IndiaFirst Life Insurance ₹16.5 Lakhs to ₹34.9 Lakhs per year
Liberty General Insurance ₹19.0 Lakhs to ₹27.0 Lakhs per year
Marsh ₹19.5 Lakhs to ₹23.0 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 Marsh India Insurance Brokers in Mumbai?
The salary growth for a Assistant Vice President at Marsh India Insurance Brokers 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 Marsh India Insurance Brokers:

Experience Average Salary Range
7 years ₹21.0 Lakhs to ₹28.0 Lakhs per year
8 years ₹12.7 Lakhs to ₹26.0 Lakhs per year
9 years ₹15.0 Lakhs to ₹28.8 Lakhs per year
10 years ₹19.0 Lakhs to ₹38.9 Lakhs per year
and so on.

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Marsh India Insurance Brokers Assistant Vice President salary in Mumbai ranges between ₹12.7 Lakhs to ₹29 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 22 Marsh India Insurance Brokers latest salaries received from various employees of Marsh India Insurance Brokers.