SBI Life Insurance Company Vice President Salaries by 30+ Employees (Updated 2025)

10 - 20 years exp.

₹15.7 Lakhs - ₹60 Lakhs

Salary of majority employees

Fixed (81%)

₹31 Lakhs

Variable (19%)

₹7.0 Lakhs

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21% less than the average Vice President Salary in Insurance Companies for 10 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading Vice President Salary 14 - 18 years exp. (8 salaries)	Unlock ₹15 L/yr - ₹51 L/yr
Finance & Accounting Vice President Salary 12 - 20 years exp. (6 salaries)	Unlock ₹27 L/yr - ₹50.1 L/yr
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Sales & Business Development Vice President Salary 13 - 14 years exp. (3 salaries)	Unlock ₹27 L/yr - ₹35.4 L/yr
Data Science & Analytics Vice President Salary 16 - 18 years exp. (AmbitionBox Estimate)	Unlock ₹40.4 L/yr - ₹46.7 L/yr

Last Updated: 14 Feb 2025

Companies similar to SBI Life Insurance Company for Vice President

Company name	Avg Annual Salary	Open Jobs
HDFC Life Vice President Salary 12 - 27 years exp. (39 salaries)	Unlock ₹26 L/yr - ₹72 L/yr 25% more
ICICI Prudential Life Insurance Vice President Salary 17 - 23 years exp. (12 salaries)	Unlock ₹22 L/yr - ₹50 L/yr 9% less
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Axis Max Life Insurance Vice President Salary 14 - 25 years exp. (41 salaries)	Unlock ₹20.1 L/yr - ₹70.6 L/yr 16% more
Bajaj Allianz Life Insurance Vice President Salary 14 - 24 years exp. (18 salaries)	Unlock ₹40.5 L/yr - ₹73 L/yr 36% more
Kotak Mahindara Life Insurance Vice President Salary 14 - 21 years exp. (46 salaries)	Unlock ₹22.3 L/yr - ₹45 L/yr 15% less
Tata AIA Life Insurance Vice President Salary 15 - 23 years exp. (14 salaries)	Unlock ₹30.4 L/yr - ₹97 L/yr 82% more	5 job openings
Reliance Nippon Life Insurance Vice President Salary 11 - 24 years exp. (35 salaries)	Unlock ₹16 L/yr - ₹53.5 L/yr 20% less
Aviva Life Insurance India Vice President Salary 15 - 24 years exp. (5 salaries)	Unlock ₹49 L/yr - ₹52 L/yr 34% more
Bharti AXA Life Insurance Vice President Salary 15 - 17 years exp. (5 salaries)	Unlock ₹25.2 L/yr - ₹85.8 L/yr 30% more
ICICI Lombard General Insurance Company Vice President Salary 14 - 23 years exp. (34 salaries)	Unlock ₹32.1 L/yr - ₹94 L/yr 47% more
HDFC Ergo General Insurance Vice President Salary 15 - 28 years exp. (30 salaries)	Unlock ₹28 L/yr - ₹65.3 L/yr 18% more
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Aditya Birla Health Insurance Co Vice President Salary 14 - 20 years exp. (6 salaries)	Unlock ₹51 L/yr - ₹97 L/yr 124% more
Marsh Vice President Salary 5 - 15 years exp. (5 salaries)	Unlock ₹17 L/yr - ₹40 L/yr 34% less
Gallagher Vice President Salary 9 - 22 years exp. (5 salaries)	Unlock ₹32 L/yr - ₹36.3 L/yr 9% less
SBI General Insurance Vice President Salary 16 - 20 years exp. (4 salaries)	Unlock ₹38 L/yr - ₹94 L/yr 47% more
Bajaj Allianz General Insurance Vice President Salary 16 - 20 years exp. (4 salaries)	Unlock ₹50 L/yr - ₹70 L/yr 55% more
MetLife Vice President Salary 12 - 22 years exp. (3 salaries)	Unlock ₹1 Cr/yr - ₹1 Cr/yr 165% more
AON Global Insurance Brokers Vice President Salary 7 - 31 years exp. (3 salaries)	Unlock ₹9 L/yr - ₹36.3 L/yr 37% less
Star Health & Allied Insurance Vice President Salary 22 - 26 years exp. (3 salaries)	Unlock ₹50 L/yr - ₹51 L/yr 33% more

Vice President salary at SBI Life Insurance Company ranges between ₹15.7 Lakhs to ₹60 Lakhs per year for employees with experience between 10 years to 20 years. Salary estimates are based on 34 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Vice President

3d ago

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14 years exp.

1mo ago

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17 years exp.

5mo ago

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19 years exp.

1y ago

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14 years exp.

1y ago

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16 years exp.

1y ago

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15 years exp.

1y ago

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15 years exp.

1y ago

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18 years exp.

1y ago

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12 years exp.

1y ago

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16 years exp.

Experience wise SBI Life Insurance Company Vice President salaries

Last Updated: 14 Feb 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	Unlock ₹23 L/yr - ₹69.9 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹34.8 L/yr - ₹44.5 L/yr
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12 years (AmbitionBox Estimate)	Unlock ₹38 L/yr - ₹69.3 L/yr
13 years (3 salaries)	Unlock ₹27 L/yr - ₹40 L/yr
14 years (7 salaries)	Unlock ₹16.6 L/yr - ₹60 L/yr
15+ years (21 salaries)	Unlock ₹19 L/yr - ₹50.1 L/yr

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Similar Designation salaries in SBI Life Insurance Company

Senior Vice President Salary

(5 salaries)

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₹45 L/yr - ₹112 L/yr

Associate Vice President Salary

(171 salaries)

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₹9 L/yr - ₹38 L/yr

Assistant Vice President Salary

(7 salaries)

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₹17 L/yr - ₹22.48 L/yr

Vice President Operations Salary

(4 salaries)

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₹16.5 L/yr - ₹45 L/yr

Head Operations Salary

(4 salaries)

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₹5 L/yr - ₹9 L/yr

Store Manager Salary

(AmbitionBox Estimate)

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₹7.7 L/yr - ₹9.8 L/yr

Branch Head Salary

(26 salaries)

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₹6 L/yr - ₹15 L/yr

Branch Manager Salary

(169 salaries)

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₹6.5 L/yr - ₹15.7 L/yr

Project Manager Salary

(7 salaries)

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₹6.75 L/yr - ₹14.5 L/yr

General Manager Salary

(AmbitionBox Estimate)

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₹0.5 L/yr - ₹0.6 L/yr

Salary related reviews for SBI Life Insurance Company

Branch Manager in Kumta

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.

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.

Job security - Bad

+4 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

Development Manager in Jhargram

Full Time

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 😭

Job security - Good

+1 more

Dislikes

Every thing Accept salary on time

Salary - Bad

+4 more

Development Manager in Kolhapur

Full Time

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.

Skill development - Good

+2 more

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.

Salary - Poor

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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SBI Life Insurance Company Vice President Salary FAQs

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

Vice President salary at SBI Life Insurance Company in India ranges between ₹15.7 Lakhs to ₹60.0 Lakhs for experience between 10 years to 20 years. According to our estimates it is 21% less than the average Vice President Salary in India. Salary estimates are based on 34 latest salaries received from various employees of SBI Life Insurance Company India.

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

The average salary of a Vice President at SBI Life Insurance Company is 21% less than the average salary of a Vice President in India. To know exact salary insights, login to view.

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

MetLife Vice President Salary - ₹100.0 Lakhs to ₹102.0 Lakhs per year
Aditya Birla Health Insurance Co Vice President Salary - ₹51.0 Lakhs to ₹97.0 Lakhs per year
Tata AIA Life Insurance Vice President Salary - ₹30.4 Lakhs to ₹97.0 Lakhs per year
Bajaj Allianz General Insurance Vice President Salary - ₹50.0 Lakhs to ₹70.0 Lakhs per year
SBI General Insurance Vice President Salary - ₹38.0 Lakhs to ₹94.0 Lakhs per year

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

ICICI Lombard General Insurance Company Vice President Salary - ₹32.1 Lakhs to ₹94.0 Lakhs per year
Bajaj Allianz Life Insurance Vice President Salary - ₹40.5 Lakhs to ₹73.0 Lakhs per year
Aviva Life Insurance India Vice President Salary - ₹49.0 Lakhs to ₹52.0 Lakhs per year
Star Health & Allied Insurance Vice President Salary - ₹50.0 Lakhs to ₹51.0 Lakhs per year
Bharti AXA Life Insurance Vice President Salary - ₹25.2 Lakhs to ₹85.8 Lakhs per year

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

The estimated take-home salary of a Vice President at SBI Life Insurance Company ranges between ₹2,27,809 per month to ₹2,36,972 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Vice President salary in India which ranges between ₹15.7 Lakhs to ₹60.0 Lakhs per year for employees with experience between 10 years to 20 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 90% of the SBI Life Insurance Company Vice Presidents reported a notice period of 3 Months, 10% reported a notice period of 2 Months.This is based on 10 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Vice President Salaries

SBI Life Insurance Company Vice President salary in India ranges between ₹15.7 Lakhs to ₹60 Lakhs with an average annual salary of ₹. Salary estimates are based on 34 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.