SBI Life Insurance Company AVP Salaries by 20+ Employees (Updated 2025)

12 - 18 years exp.

₹10 Lakhs - ₹31 Lakhs

Salary of majority employees

35% less than the average AVP Salary in Insurance Companies for 12 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading AVP Salary 12 - 18 years exp. (9 salaries)	₹11.3 L/yr - ₹22 L/yr
Customer Success, Service & Operations AVP Salary 16 - 18 years exp. (3 salaries)	₹19.5 L/yr - ₹21 L/yr
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Marketing & Communication AVP Salary 12 - 17 years exp. (3 salaries)	₹16.1 L/yr - ₹26.2 L/yr

Last Updated: 27 Feb 2025

Companies similar to SBI Life Insurance Company for AVP

Company name	Avg Annual Salary	Open Jobs
HDFC Life AVP Salary 15 - 20 years exp. (17 salaries)	₹17 L/yr - ₹43 L/yr 62% more
Axis Max Life Insurance AVP Salary 12 - 21 years exp. (22 salaries)	₹14.4 L/yr - ₹40 L/yr 14% more
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Bajaj Allianz Life Insurance AVP Salary 14 - 19 years exp. (4 salaries)	₹35 L/yr - ₹38.2 L/yr 92% more
Kotak Mahindara Life Insurance AVP Salary 7 - 22 years exp. (18 salaries)	₹6.6 L/yr - ₹22.5 L/yr 23% less
Reliance Nippon Life Insurance AVP Salary 13 - 20 years exp. (7 salaries)	₹20 L/yr - ₹33 L/yr 9% more
Aditya Birla Sun Life Insurance AVP Salary 7 - 14 years exp. (5 salaries)	₹29 L/yr - ₹40.5 L/yr 71% more
HDFC Ergo General Insurance AVP Salary 10 - 18 years exp. (27 salaries)	₹13.5 L/yr - ₹32 L/yr 3% more
ICICI Lombard General Insurance Company AVP Salary 11 - 18 years exp. (23 salaries)	₹16 L/yr - ₹39 L/yr 18% more
SBI General Insurance AVP Salary 17 - 24 years exp. (6 salaries)	₹20 L/yr - ₹31 L/yr 23% more
Bajaj Allianz General Insurance AVP Salary 18 - 22 years exp. (5 salaries)	₹30 L/yr - ₹40.5 L/yr 76% more
Marsh AVP Salary 8 - 15 years exp. (4 salaries)	₹19 L/yr - ₹36 L/yr 27% more
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MetLife AVP Salary 12 - 20 years exp. (4 salaries)	₹66 L/yr - ₹95 L/yr 310% more
Aditya Birla Health Insurance Co AVP Salary 10 - 15 years exp. (4 salaries)	₹31 L/yr - ₹36.5 L/yr 72% more
Star Health & Allied Insurance AVP Salary 10 - 17 years exp. (4 salaries)	₹22 L/yr - ₹50 L/yr 113% more

AVP salary at SBI Life Insurance Company ranges between ₹10 Lakhs to ₹31 Lakhs per year for employees with experience between 12 years to 18 years. Salary estimates are based on 21 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company AVP salaries

Last Updated: 27 Feb 2025

Experience	Avg Annual Salary
12 years (3 salaries)	₹16.1 L/yr - ₹26.2 L/yr
13 years (AmbitionBox Estimate)	₹17.8 L/yr - ₹22.8 L/yr
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14 years (4 salaries)	₹11.3 L/yr - ₹31 L/yr
15+ years (14 salaries)	₹10 L/yr - ₹26 L/yr

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary

(539 salaries)

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Area Manager Salary

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₹4.6 L/yr - ₹14.21 L/yr

Business Development Executive Salary

(179 salaries)

₹2 L/yr - ₹4.5 L/yr

BDM Salary

(176 salaries)

₹1.9 L/yr - ₹6.5 L/yr

Associate Vice President Salary

(172 salaries)

₹9 L/yr - ₹40 L/yr

Unit Manager Salary

(117 salaries)

₹2 L/yr - ₹4.3 L/yr

Operations Associate Salary

(106 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Senior Associate Operations Salary

(85 salaries)

₹2.35 L/yr - ₹5.5 L/yr

Sales Support Associate Salary

(63 salaries)

₹1 L/yr - ₹3.6 L/yr

Sales Executive Salary

(56 salaries)

₹1 L/yr - ₹4.7 L/yr

Salary related reviews for SBI Life Insurance Company

4.4

Rated by 3 employees for salary & benefits

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

Management Trainee in Kolkata

Full Time

Sales & Business Development Department

3.0

• posted on 02 Nov 2023

4.0

for Salary and Benefits

Likes

Salary and benefits are supportive.

Salary - Good

+1 more

Dislikes

No work life balance. The sales team pushes things like hell specially in the eastern region of the country. Third Saturday is a leave according to the company's leave policies but we don't get that leave.

Skill development - Poor

+4 more

Business Development Executive in Gangtok

Full Time

Marketing & Communication Department

4.0

• posted on 13 Sep 2023

5.0

for Salary and Benefits

Likes

very good company with good oppurtunities and good pay

Salary - Excellent

+4 more

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

Job security - Poor

BDM in Salem

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 06 Nov 2023

1.0

for Salary and Benefits

Likes

...east HRs are doing basic work means many candidates carrier will not get spoil. My only suggestion for HRs in SBI life is please do the basic job for the salary what you are earning if not means don't purchase food or groceries for their family in that salary money

Dislikes

Manager , Management, HR in India Bank bancassurance channel if anyone joins in SBI life means carrier will lost. Please ask those who are currently working in SBI life too

Salary - Bad

+6 more

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

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Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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SBI Life Insurance Company AVP Salary FAQs

What is the salary of AVP at SBI Life Insurance Company ?

The average salary of a AVP at SBI Life Insurance Company in India typically ranges from ₹10.0 Lakhs to ₹31.0 Lakhs per year, depending on experience (from 12 years to 18 years).

The top 10% of AVP at SBI Life Insurance Company earn more than ₹26.1 Lakhs per year, and the top 1% earn over ₹31.0 Lakhs per year. AVP Salaries at SBI Life 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 20+ SBI Life Insurance Company employees in India.

What is the estimated take home salary of a AVP at SBI Life Insurance Company in India?

The estimated take-home salary of a AVP at SBI Life Insurance Company in India typically ranges from ₹1,31,031 to ₹1,35,756 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹31.0 Lakhs per year for employees with experience ranging from 12 years to 18 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 SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI Life Insurance Company for AVP in India?

MetLife	₹66.0 Lakhs to ₹95.0 Lakhs per year
Star Health & Allied Insurance	₹22.0 Lakhs to ₹50.0 Lakhs per year
Bajaj Allianz Life Insurance	₹35.0 Lakhs to ₹38.2 Lakhs per year
Bajaj Allianz General Insurance	₹30.0 Lakhs to ₹40.5 Lakhs per year
Aditya Birla Health Insurance Co	₹31.0 Lakhs to ₹36.5 Lakhs per year

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

What is the salary of a AVP in companies similar to SBI Life Insurance Company in India?

The salary of a AVP at companies similar to SBI Life Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Sun Life Insurance	₹29.0 Lakhs to ₹40.5 Lakhs per year
HDFC Life	₹17.0 Lakhs to ₹43.0 Lakhs per year
Marsh	₹19.0 Lakhs to ₹36.0 Lakhs per year
SBI General Insurance	₹20.0 Lakhs to ₹31.0 Lakhs per year
ICICI Lombard General Insurance Company	₹16.0 Lakhs to ₹39.0 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 AVP at SBI Life Insurance Company in India?

The salary growth for a AVP at SBI Life Insurance Company depends on factors such as experience, performance, and promotions. On average, a AVP can expect the following growth trajectory at SBI Life Insurance Company:

Experience	Average Salary Range
12 years	₹16.1 Lakhs to ₹26.2 Lakhs per year
13 years	₹17.8 Lakhs to ₹22.8 Lakhs per year
14 years	₹11.3 Lakhs to ₹31.0 Lakhs per year
15 years	₹10.0 Lakhs to ₹26.0 Lakhs per year

and so on.

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SBI Life Insurance Company AVP Salaries

SBI Life Insurance Company AVP salary in India ranges between ₹10 Lakhs to ₹31 Lakhs with an average annual salary of ₹. Salary estimates are based on 21 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.