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SBI Life Insurance Company Senior Vice President salaries in Mumbai

Annual salary range
14 - 24 years exp.
₹45 Lakhs - ₹1.1 Crore
Salary of majority employees
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53% more than the average Senior Vice President Salary in Insurance Companies for 14 - 24 years of experience

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Last Updated: 8 Nov 2024

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

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SBI Life Insurance Company Senior Vice President Salary

14 - 24 years exp. (6 salaries)

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₹45 L/yr - ₹1.1 Cr/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Senior Vice President Salary

20 - 24 years exp. (3 salaries)

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₹63.3 L/yr - ₹70.7 L/yr

arrow icon 25% less
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Max Life Insurance Senior Vice President Salary

20 - 25 years exp. (3 salaries)

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₹98 L/yr - ₹1 Cr/yr

arrow icon 10% more
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₹30 L/yr - ₹50 L/yr

arrow icon 57% less
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₹44 L/yr - ₹1 Cr/yr

arrow icon 15% less
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₹34 L/yr - ₹95 L/yr

arrow icon 37% less
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₹38 L/yr - ₹51 L/yr

arrow icon 50% less
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₹70 L/yr - ₹1.2 Cr/yr

arrow icon 7% more
Senior Vice President salary at SBI Life Insurance Company ranges between ₹45 Lakhs to ₹1.1 Crore per year for employees with experience between 14 years to 24 years. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company.

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

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24 years exp.
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18 years exp.
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16 years exp.
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21 years exp.
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15 years exp.
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14 years exp.

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

Last Updated: 8 Nov 2024

Experience Avg Annual Salary
14 years (AmbitionBox Estimate)

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₹45 L/yr - ₹1.7 Cr/yr
15+ years  (5 salaries)

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₹45 L/yr - ₹1.1 Cr/yr

Similar Designation salaries in SBI Life Insurance Company

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₹12 L/yr - ₹30 L/yr
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₹7.3 L/yr - ₹10 L/yr
Branch Manager Salary
(7 salaries)
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₹8 L/yr - ₹11.2 L/yr
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₹6.75 L/yr - ₹14 L/yr

Salary related reviews for SBI Life Insurance Company

BFSI, Investments & Trading Department

3.0
  •  posted on 18 Jun 2020

3.0
 for  Salary and Benefits

Likes

Salary hike 3 to 5 % per year.Providing petrol exp and telephone exp based on cader.

read more

Dislikes

Lot of politics, no HR Control , career growth is slow, induction training will not conducted in proper time. No value and respect for out Commer. High volume pressure on target and mental irritation. No any value addition from reporting manager.

read more

Full Time

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BFSI, Investments & Trading Department

2.0
  •  posted on 02 Dec 2024

2.0
 for  Salary and Benefits

Likes

Hr policy is very good of sbi life but Regional HR is Doll of Regional Director and Regional. Sbi life is a good Company like Government job for Back office employees like sales support, Operations department, Account Department, L&D Department and all Non Sales Employees. For Sales person QVP is Good if you have Good Branches and CIF

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Dislikes

...e those persons who are working in other companies and switching multiple times. A New Employee can get salary more then those employees who are working here from last 8 Year. Due to state bank sbi life is working other there is no respect of sbi life. Promotion norm is very hard, Increment norms is very bed. Over all this company is only for Lucky person like if you got a great cif or branches a temporary staff can do business. Over all this is very bed company for sales person due to QVP people stay here if Company announced there is no QVP 80% of Employees will left this company.

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Full Time

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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.

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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.

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Full Time

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BFSI, Investments & Trading Department

2.0
  •  posted on 18 Oct 2023

1.0
 for  Salary and Benefits

Likes

...R profile like a puppet.Every single decesion are managed by higher authorities. No work and life balance, salary are on time but no increment very pathetic salary structure. No self respect. No work time. No emotion . Daily pressure. Vary vary bad 😭

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Dislikes

Every thing Accept salary on time

Full Time

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Sales & Business Development Department

3.0
  •  posted on 23 Mar 2024

2.0
 for  Salary and Benefits

Likes

SBI LIFE company one of d best Lerner and advance business development company. I learnt about recruitment, business development, product knowledge, proper training, market identification, prospect screening everything... This base given me stronger now make my leadership skills, culture is very good, supportive operation staff, digital marketing services also digital payment security is one of d best function. I like learning, build relationships with my team, products and culture.

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Dislikes

It's issue about low salary, holiday weekend not allowed, some seniors behaviour very rude and harrasment. Company HR not responded after leaving job, some manager HR not understanding what is situation about employee. Very badly speak in front of our team, ts hurt.

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SBI Life Insurance Company Senior Vice President Salary FAQs

What is the salary of Senior Vice President at SBI Life Insurance Company Mumbai?
Senior Vice President salary at SBI Life Insurance Company in Mumbai ranges between ₹45.0 Lakhs to ₹112.0 Lakhs for experience between 14 years to 24 years. According to our estimates it is 53% more than the average Senior Vice President Salary in India. Salary estimates are based on 6 latest salaries received from various employees of SBI Life Insurance Company Mumbai.
How does the salary of a Senior Vice President at SBI Life Insurance Company Mumbai compare with the average salary range for this job?
The average salary of a Senior Vice President at SBI Life Insurance Company is 53% more than the average salary of a Senior 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 Senior Vice President in Mumbai?
  • Max Life Insurance Senior Vice President Salary - ₹98.0 Lakhs to ₹101.0 Lakhs per year
  • Aditya Birla Health Insurance Co Senior Vice President Salary - ₹70.0 Lakhs to ₹115.0 Lakhs per year
What is the salary of a Senior Vice President in companies similar to SBI Life Insurance Company in Mumbai?
  • Tata AIA Life Insurance Senior Vice President Salary - ₹44.0 Lakhs to ₹101.0 Lakhs per year
  • HDFC Life Senior Vice President Salary - ₹63.3 Lakhs to ₹70.7 Lakhs per year
  • ICICI Lombard General Insurance Company Senior Vice President Salary - ₹34.0 Lakhs to ₹95.0 Lakhs per year
  • HDFC Ergo General Insurance Senior Vice President Salary - ₹38.0 Lakhs to ₹51.0 Lakhs per year
  • Kotak Mahindara Life Insurance Senior Vice President Salary - ₹30.0 Lakhs to ₹50.0 Lakhs per year
What is the estimated take home salary of a Senior Vice President at SBI Life Insurance Company in Mumbai?
The estimated take-home salary of a Senior Vice President at SBI Life Insurance Company ranges between ₹4,91,874 per month to ₹5,05,102 per month in Mumbai. The take-home salary calculation is based on the average SBI Life Insurance Company Senior Vice President salary in India which ranges between ₹45.0 Lakhs to ₹112.0 Lakhs per year for employees with experience between 14 years to 24 years. Check how did we calculate take home salary?
What is the notice period for Senior Vice President at SBI Life Insurance Company in Mumbai?
According to AmbitionBox, 100% of the SBI Life Insurance Company Senior Vice Presidents in Mumbai reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Senior Vice President salary in Mumbai ranges between ₹45 Lakhs to ₹1.1 Crore with an average annual salary of ₹unlock blur. Salary estimates are based on 6 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.