Marsh India Insurance Brokers Mumbai Vice President Salaries by 10+ Employees (Updated 2025)

12 - 18 years exp.

₹20 Lakhs - ₹38.7 Lakhs

Salary of majority employees

41% less than the average Vice President Salary in Insurance Companies for 12 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading Vice President Salary 12 - 18 years exp. (8 salaries)	₹20 L/yr - ₹38.7 L/yr
Customer Success, Service & Operations Vice President Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹26.9 L/yr - ₹27.1 L/yr
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Finance & Accounting Vice President Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹22.6 L/yr - ₹25.8 L/yr
Sales & Business Development Vice President Salary 18 years exp. (AmbitionBox Estimate)	₹27.9 L/yr - ₹33 L/yr

Last Updated: 18 Sep 2024

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

Marsh India Insurance Brokers Vice President Salary

12 - 18 years exp. (14 salaries)

₹20 L/yr - ₹38.7 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Vice President Salary 14 - 22 years exp. (22 salaries)	₹32.1 L/yr - ₹1 Cr/yr 137% more
HDFC Ergo General Insurance Vice President Salary 17 - 27 years exp. (19 salaries)	₹28 L/yr - ₹65.3 L/yr 53% more
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Tata AIG Vice President Salary 15 - 26 years exp. (18 salaries)	₹34 L/yr - ₹50 L/yr 63% more	1 job opening
Future Generali India Life Insurance Vice President Salary 18 - 27 years exp. (9 salaries)	₹30 L/yr - ₹54 L/yr 48% more
Edelweiss Life Insurance Vice President Salary 19 - 22 years exp. (7 salaries)	₹28 L/yr - ₹45 L/yr 18% more
Liberty General Insurance Vice President Salary 13 - 23 years exp. (7 salaries)	₹34 L/yr - ₹60 L/yr 58% more
Kotak Mahindra General Insurance Vice President Salary 19 - 25 years exp. (6 salaries)	₹33.3 L/yr - ₹43 L/yr 37% more
Aditya Birla Health Insurance Co Vice President Salary 14 - 20 years exp. (5 salaries)	₹51 L/yr - ₹97 L/yr 215% more
Pramerica Life Insurance Vice President Salary 25 - 28 years exp. (5 salaries)	₹45 L/yr - ₹50 L/yr 69% more
Aegon Life Insurance Vice President Salary 9 - 16 years exp. (3 salaries)	₹32 L/yr - ₹52 L/yr 63% more
Digit Insurance Vice President Salary 12 - 19 years exp. (3 salaries)	₹25.5 L/yr - ₹40 L/yr 16% more
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Vice President salary at Marsh India Insurance Brokers ranges between ₹20 Lakhs to ₹38.7 Lakhs per year for employees with experience between 12 years to 18 years. Salary estimates are based on 14 latest salaries received from various employees of Marsh India Insurance Brokers.

Experience wise Marsh India Insurance Brokers Vice President salaries in Mumbai

Last Updated: 18 Sep 2024

Experience	Avg Annual Salary
12 years (4 salaries)	₹20 L/yr - ₹38.7 L/yr
13 years (AmbitionBox Estimate)	₹11 L/yr - ₹28.9 L/yr
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14 years (3 salaries)	₹22.6 L/yr - ₹37 L/yr
15+ years (6 salaries)	₹22 L/yr - ₹33 L/yr

Similar Designation salaries in Marsh India Insurance Brokers

Assistant Vice President Salary

(21 salaries)

₹12.65 L/yr - ₹28.75 L/yr

Associate Vice President Salary

(4 salaries)

₹19.25 L/yr - ₹22.62 L/yr

Salary related reviews for Marsh India Insurance Brokers

Assistant Vice President in Gurgaon / Gurugram

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.

Dislikes

Pay structure Work life balance

Senior Executive Operations in Chennai

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.

Dislikes

Nothing to share about dislikes

Senior Manager in Mumbai

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.

Dislikes

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

Process Leader in New Delhi

Full Time

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,

Dislikes

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

Processing Manager in Pune

Full Time

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.

Dislikes

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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Marsh India Insurance Brokers Vice President Salary FAQs

What is the salary of Vice President at Marsh India Insurance Brokers Mumbai?

Vice President salary at Marsh India Insurance Brokers in Mumbai ranges between ₹20.0 Lakhs to ₹38.7 Lakhs for experience between 12 years to 18 years. According to our estimates it is 41% less than the average Vice President Salary in India. Salary estimates are based on 14 latest salaries received from various employees of Marsh India Insurance Brokers Mumbai.

How does the salary of a Vice President at Marsh India Insurance Brokers Mumbai compare with the average salary range for this job?

The average salary of a Vice President at Marsh India Insurance Brokers is 41% less than the average salary of a Vice President in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Marsh India Insurance Brokers to a Vice President in Mumbai?

Aditya Birla Health Insurance Co Vice President Salary - ₹51.0 Lakhs to ₹97.0 Lakhs per year
ICICI Lombard General Insurance Company Vice President Salary - ₹32.1 Lakhs to ₹101.0 Lakhs per year
Pramerica Life Insurance Vice President Salary - ₹45.0 Lakhs to ₹50.0 Lakhs per year
Tata AIG Vice President Salary - ₹34.0 Lakhs to ₹50.0 Lakhs per year
Aegon Life Insurance Vice President Salary - ₹32.0 Lakhs to ₹52.0 Lakhs per year

What is the salary of a Vice President in companies similar to Marsh India Insurance Brokers in Mumbai?

Liberty General Insurance Vice President Salary - ₹34.0 Lakhs to ₹60.0 Lakhs per year
HDFC Ergo General Insurance Vice President Salary - ₹28.0 Lakhs to ₹65.3 Lakhs per year
Future Generali India Life Insurance Vice President Salary - ₹30.0 Lakhs to ₹54.0 Lakhs per year
Kotak Mahindra General Insurance Vice President Salary - ₹33.3 Lakhs to ₹43.0 Lakhs per year
Edelweiss Life Insurance Vice President Salary - ₹28.0 Lakhs to ₹45.0 Lakhs per year

What is the estimated take home salary of a Vice President at Marsh India Insurance Brokers in Mumbai?

The estimated take-home salary of a Vice President at Marsh India Insurance Brokers ranges between ₹1,71,339 per month to ₹1,77,949 per month in Mumbai. The take-home salary calculation is based on the average Marsh India Insurance Brokers Vice President salary in India which ranges between ₹20.0 Lakhs to ₹38.7 Lakhs per year for employees with experience between 12 years to 18 years. Check how did we calculate take home salary?

What is the notice period for Vice President at Marsh India Insurance Brokers in Mumbai?

According to AmbitionBox, 67% of the Marsh India Insurance Brokers Vice Presidents in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 12 responses on AmbitionBox in last 2 years.

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Marsh India Insurance Brokers Vice President Salaries in Mumbai

Marsh India Insurance Brokers Vice President salary in Mumbai ranges between ₹20 Lakhs to ₹38.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Marsh India Insurance Brokers latest salaries received from various employees of Marsh India Insurance Brokers.