SBI Life Insurance Company Mumbai Associate Vice President Salaries by 70+ Employees (Updated 2025)

9 - 20 years exp.

₹12 Lakhs - ₹36 Lakhs

Salary of majority employees

Fixed (82%)

₹18.9 Lakhs

Variable (18%)

₹4.1 Lakhs

25% less than the average Associate Vice President Salary in Insurance Companies for 9 - 20 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Associate Vice President Salary 9 - 20 years exp. (15 salaries)	₹12 L/yr - ₹28 L/yr
Finance & Accounting Associate Vice President Salary 9 - 19 years exp. (6 salaries)	₹13.6 L/yr - ₹25.6 L/yr
Login to view exact salary
Human Resources Associate Vice President Salary 15 - 20 years exp. (5 salaries)	₹23.5 L/yr - ₹30 L/yr
Marketing & Communication Associate Vice President Salary 10 - 20 years exp. (5 salaries)	₹18 L/yr - ₹28.6 L/yr
Project & Program Management Associate Vice President Salary 11 - 18 years exp. (5 salaries)	₹20 L/yr - ₹28 L/yr

View all

Last Updated: 18 Feb 2025

Companies similar to SBI Life Insurance Company for Associate Vice President in Mumbai

SBI Life Insurance Company Associate Vice President Salary

9 - 20 years exp. (78 salaries)

₹12 L/yr - ₹36 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Associate Vice President Salary 9 - 24 years exp. (57 salaries)	₹18 L/yr - ₹50 L/yr 39% more	2 job openings
ICICI Prudential Life Insurance Associate Vice President Salary 10 - 19 years exp. (18 salaries)	₹24 L/yr - ₹41.3 L/yr 41% more
Login to view exact salary
Max Life Insurance Associate Vice President Salary 15 - 20 years exp. (8 salaries)	₹12 L/yr - ₹44 L/yr 29% more
Bajaj Allianz Life Insurance Associate Vice President Salary 10 - 21 years exp. (14 salaries)	₹22 L/yr - ₹44.6 L/yr 39% more
Kotak Mahindara Life Insurance Associate Vice President Salary 12 - 21 years exp. (6 salaries)	₹14.5 L/yr - ₹22.4 L/yr 24% less
Tata AIA Life Insurance Associate Vice President Salary 7 - 13 years exp. (13 salaries)	₹19 L/yr - ₹67.8 L/yr 66% more
Reliance Nippon Life Insurance Associate Vice President Salary 15 - 23 years exp. (17 salaries)	₹13.9 L/yr - ₹32 L/yr 1% less
Aviva Life Insurance India Associate Vice President Salary 15 - 22 years exp. (3 salaries)	₹21.5 L/yr - ₹31 L/yr 8% more
Bharti AXA Life Insurance Associate Vice President Salary 8 - 21 years exp. (17 salaries)	₹20 L/yr - ₹34 L/yr 15% more
ICICI Lombard General Insurance Company Associate Vice President Salary 6 - 20 years exp. (136 salaries)	₹15 L/yr - ₹35 L/yr 4% more
Aditya Birla Sun Life Insurance Associate Vice President Salary 7 - 17 years exp. (20 salaries)	₹24 L/yr - ₹47 L/yr 52% more
Login to view exact salary
Aditya Birla Health Insurance Co Associate Vice President Salary 10 - 20 years exp. (17 salaries)	₹25 L/yr - ₹42 L/yr 52% more
HDFC Ergo General Insurance Associate Vice President Salary 12 - 18 years exp. (12 salaries)	₹13 L/yr - ₹29.5 L/yr 7% less
SBI General Insurance Associate Vice President Salary 17 - 23 years exp. (7 salaries)	₹20 L/yr - ₹33 L/yr 10% more
AON Global Insurance Brokers Associate Vice President Salary 11 - 16 years exp. (3 salaries)	₹11.8 L/yr - ₹21 L/yr 22% less

Associate Vice President salary at SBI Life Insurance Company ranges between ₹12 Lakhs to ₹36 Lakhs per year for employees with experience between 9 years to 20 years. Salary estimates are based on 78 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Associate Vice President salaries in Mumbai

Last Updated: 18 Feb 2025

Experience	Avg Annual Salary
9 years (7 salaries)	₹13.6 L/yr - ₹26.8 L/yr
10 years (6 salaries)	₹14.5 L/yr - ₹30 L/yr
Login to view exact salary
11 years (3 salaries)	₹22.6 L/yr - ₹28 L/yr
12 years (8 salaries)	₹18.6 L/yr - ₹29 L/yr
13 years (6 salaries)	₹12 L/yr - ₹36 L/yr
14 years (6 salaries)	₹17 L/yr - ₹28 L/yr
15+ years (42 salaries)	₹12.6 L/yr - ₹30 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Team Lead Salary

(6 salaries)

₹3.6 L/yr - ₹4.8 L/yr

Project Manager Salary

(4 salaries)

₹6.75 L/yr - ₹14 L/yr

Salary related reviews for SBI Life Insurance Company

2.8

Rated by 6 employees for salary & benefits

Senior Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 May 2022

3.0

for Salary and Benefits

Likes

Average work environment and culture . Teammates are supportive and the management is selfish. Company policies are bad . Appraisals not fair in this company.

Job security - Good

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is very slow

Work satisfaction - Poor

+2 more

Senior Associate in Jaipur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 Apr 2018

3.0

for Salary and Benefits

Likes

Company is

Job security - Good

+1 more

Dislikes

Company is good but as per process of career growth, it is very slow. Company's salary structure is also not good. My salary is less than a person who is coming on my position which I had before 2 years

Senior Associate in Sultanpur

BFSI, Investments & Trading Department

5.0

• posted on 29 Oct 2020

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give salary hike and bonus every year.

Salary - Excellent

+6 more

Business Development Manager in Deoghar

Full Time

Marketing & Communication Department

5.0

• posted on 30 Jan 2025

2.0

for Salary and Benefits

Likes

Very good policy, good Behaviour from all senior Management.

Skill development - Good

+3 more

Dislikes

I am working from last 8 year but my salary is very low. If someone working is in other companies and they switched from there to here they are getting good CTC. If you are working in good location and if your assign branch and branch manager is good so you can get promotion but if you not working in good location or your assign branch is not good it's very deficit to get promotion.

Salary - Poor

Sales Support Associate in Kishanganj

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 17 Jan 2024

1.0

for Salary and Benefits

Likes

Even though the salary in this company is very less as per the work, the salary is paid on time.

Dislikes

In today's times, it is important to work to support my family properly, hence I give my 100% to this company so that someday my salary will increase but after working for more than 1 year, I am realizing that It is very difficult to move forward, here we have to work till late night due to which we are not able to give time to our family, and even after doing so much work, we get very low salary so that I cannot support my family properly. I don't know how to do it, even after working for more than 14 hours every day, I don't get any bonus also.

Salary - Bad

+4 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

Got a question about SBI Life Insurance Company?

Ask anonymously on communities.

SBI Life Insurance Company Associate Vice President Salary FAQs

What is the salary of Associate Vice President at SBI Life Insurance Company Mumbai?

Associate Vice President salary at SBI Life Insurance Company in Mumbai ranges between ₹12.0 Lakhs to ₹36.0 Lakhs for experience between 9 years to 20 years. According to our estimates it is 25% less than the average Associate Vice President Salary in India. Salary estimates are based on 78 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

How does the salary of a Associate Vice President at SBI Life Insurance Company Mumbai compare with the average salary range for this job?

The average salary of a Associate Vice President at SBI Life Insurance Company is 25% less than the average salary of a Associate Vice President in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Associate Vice President in Mumbai?

Tata AIA Life Insurance Associate Vice President Salary - ₹19.0 Lakhs to ₹67.8 Lakhs per year
Aditya Birla Sun Life Insurance Associate Vice President Salary - ₹24.0 Lakhs to ₹47.0 Lakhs per year
Aditya Birla Health Insurance Co Associate Vice President Salary - ₹25.0 Lakhs to ₹42.0 Lakhs per year
ICICI Prudential Life Insurance Associate Vice President Salary - ₹24.0 Lakhs to ₹41.3 Lakhs per year
Bajaj Allianz Life Insurance Associate Vice President Salary - ₹22.0 Lakhs to ₹44.6 Lakhs per year

What is the salary of a Associate Vice President in companies similar to SBI Life Insurance Company in Mumbai?

HDFC Life Associate Vice President Salary - ₹18.0 Lakhs to ₹50.0 Lakhs per year
Max Life Insurance Associate Vice President Salary - ₹12.0 Lakhs to ₹44.0 Lakhs per year
Bharti AXA Life Insurance Associate Vice President Salary - ₹20.0 Lakhs to ₹34.0 Lakhs per year
SBI General Insurance Associate Vice President Salary - ₹20.0 Lakhs to ₹33.0 Lakhs per year
Aviva Life Insurance India Associate Vice President Salary - ₹21.5 Lakhs to ₹31.0 Lakhs per year

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

The estimated take-home salary of a Associate Vice President at SBI Life Insurance Company ranges between ₹1,47,790 per month to ₹1,53,336 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Associate Vice President salary in India which ranges between ₹12.0 Lakhs to ₹36.0 Lakhs per year for employees with experience between 9 years to 20 years. Check how did we calculate take home salary?

What is the notice period for Associate Vice President at SBI Life Insurance Company in Mumbai?

According to AmbitionBox, 80% of the SBI Life Insurance Company Associate Vice Presidents in Mumbai reported a notice period of 3 Months, 9% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 45 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
SBI Life Insurance Company Salaries >
SBI Life Insurance Company Associate Vice President Salaries >
SBI Life Insurance Company Associate Vice President Salaries in Mumbai

SBI Life Insurance Company Associate Vice President salary in Mumbai ranges between ₹12 Lakhs to ₹36 Lakhs with an average annual salary of ₹. Salary estimates are based on 78 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Associate Vice President salaries in Mumbai

Companies similar to SBI Life Insurance Company for Associate Vice President in Mumbai

Latest annual salaries shared by SBI Life Insurance Company Associate Vice President in Mumbai

Experience wise SBI Life Insurance Company Associate Vice President salaries in Mumbai

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Senior Associate in New Delhi

Senior Associate in Jaipur

Senior Associate in Sultanpur

Business Development Manager in Deoghar

Sales Support Associate in Kishanganj

SBI Life Insurance Company Associate Vice President Salary FAQs

Tell us how to improve this page.