SBI Life Insurance Company Mumbai AVP Salaries by 10+ Employees (Updated 2025)

12 - 18 years exp.

₹15 Lakhs - ₹38.3 Lakhs

Salary of majority employees

16% 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. (3 salaries)	₹16 L/yr - ₹23.7 L/yr
Customer Success, Service & Operations AVP Salary 16 - 17 years exp. (AmbitionBox Estimate)	₹19.5 L/yr - ₹25.4 L/yr
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Marketing & Communication AVP Salary 12 years exp. (AmbitionBox Estimate)	₹16.1 L/yr - ₹26.2 L/yr
Risk Management & Compliance AVP Salary 15 - 16 years exp. (AmbitionBox Estimate)	₹28.1 L/yr - ₹38.3 L/yr

Last Updated: 27 Dec 2024

Companies similar to SBI Life Insurance Company for AVP in Mumbai

SBI Life Insurance Company AVP Salary

12 - 18 years exp. (11 salaries)

₹15 L/yr - ₹38.3 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life AVP Salary 7 - 20 years exp. (14 salaries)	₹19 L/yr - ₹60.5 L/yr 46% more
Kotak Mahindara Life Insurance AVP Salary 7 - 22 years exp. (9 salaries)	₹9.8 L/yr - ₹26.1 L/yr 35% less
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Reliance Nippon Life Insurance AVP Salary 13 - 20 years exp. (7 salaries)	₹20 L/yr - ₹33 L/yr 8% less
Aditya Birla Sun Life Insurance AVP Salary 8 - 14 years exp. (4 salaries)	₹29 L/yr - ₹40.5 L/yr 39% more
ICICI Lombard General Insurance Company AVP Salary 11 - 18 years exp. (19 salaries)	₹16 L/yr - ₹32 L/yr 1% more
HDFC Ergo General Insurance AVP Salary 10 - 19 years exp. (13 salaries)	₹16 L/yr - ₹32 L/yr 5% less
Aditya Birla Health Insurance Co AVP Salary 10 - 15 years exp. (3 salaries)	₹31 L/yr - ₹36 L/yr 35% more

AVP salary at SBI Life Insurance Company ranges between ₹15 Lakhs to ₹38.3 Lakhs per year for employees with experience between 12 years to 18 years. Salary estimates are based on 11 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company AVP salaries in Mumbai

Last Updated: 27 Dec 2024

Experience	Avg Annual Salary
12 years (3 salaries)	₹16.1 L/yr - ₹26.2 L/yr
13 years (AmbitionBox Estimate)	₹22.6 L/yr - ₹28.9 L/yr
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14 years (AmbitionBox Estimate)	₹22.4 L/yr - ₹28.7 L/yr
15+ years (8 salaries)	₹15 L/yr - ₹38.3 L/yr

Similar Designation salaries in SBI Life Insurance Company

Senior Associate Salary

(93 salaries)

₹3 L/yr - ₹6.75 L/yr

Associate Vice President Salary

(75 salaries)

₹12 L/yr - ₹30 L/yr

Area Manager Salary

(15 salaries)

₹7.5 L/yr - ₹13.5 L/yr

Sales Executive Salary

(8 salaries)

₹2 L/yr - ₹4.5 L/yr

Senior Associate Operations Salary

(6 salaries)

₹3 L/yr - ₹5.2 L/yr

BDM Salary

(5 salaries)

₹4 L/yr - ₹6 L/yr

Unit Manager Salary

(5 salaries)

₹2.5 L/yr - ₹3.6 L/yr

Salary related reviews for SBI Life Insurance Company

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.

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.

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.

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

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

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

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.

Dislikes

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

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Salary Discussions, Hike & Promotions

1w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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SBI Life Insurance Company AVP Salary FAQs

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

AVP salary at SBI Life Insurance Company in Mumbai ranges between ₹15.0 Lakhs to ₹38.3 Lakhs for experience between 12 years to 18 years. According to our estimates it is 16% less than the average AVP Salary in India. Salary estimates are based on 11 latest salaries received from various employees of SBI Life Insurance Company Mumbai.

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

The average salary of a AVP at SBI Life Insurance Company is 16% less than the average salary of a AVP in Mumbai. To know exact salary insights, login to view.

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

HDFC Life AVP Salary - ₹19.0 Lakhs to ₹60.5 Lakhs per year
Aditya Birla Sun Life Insurance AVP Salary - ₹29.0 Lakhs to ₹40.5 Lakhs per year
Aditya Birla Health Insurance Co AVP Salary - ₹31.0 Lakhs to ₹36.0 Lakhs per year
ICICI Lombard General Insurance Company AVP Salary - ₹16.0 Lakhs to ₹32.0 Lakhs per year

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

HDFC Ergo General Insurance AVP Salary - ₹16.0 Lakhs to ₹32.0 Lakhs per year
Reliance Nippon Life Insurance AVP Salary - ₹20.0 Lakhs to ₹33.0 Lakhs per year
Kotak Mahindara Life Insurance AVP Salary - ₹9.8 Lakhs to ₹26.1 Lakhs per year

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

The estimated take-home salary of a AVP at SBI Life Insurance Company ranges between ₹1,56,591 per month to ₹1,62,535 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company AVP salary in India which ranges between ₹15.0 Lakhs to ₹38.3 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 AVP at SBI Life Insurance Company in Mumbai?

According to AmbitionBox, 91% of the SBI Life Insurance Company AVPs in Mumbai reported a notice period of 3 Months, 9% reported a notice period of 1 Month.This is based on 11 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company AVP Salaries in Mumbai

SBI Life Insurance Company AVP salary in Mumbai ranges between ₹15 Lakhs to ₹38.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.