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SBI Life Insurance Company Vice President salaries in Mumbai (Updated 2025)

Annual salary range
10 - 20 years exp.
₹20 Lakhs - ₹62 Lakhs
Avg. annual salary
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Fixed
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Variable
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Monthly In-hand Salary

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9% less than the average Vice President Salary in Insurance Companies for 10 - 20 years of experience

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Salaries in different departments

Finance & Accounting
Vice President Salary
12 - 20 years exp. (6 salaries)
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₹27 L/yr - ₹50.1 L/yr

Data Science & Analytics
Vice President Salary
16 - 19 years exp. (3 salaries)
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₹40.4 L/yr - ₹62 L/yr

BFSI, Investments & Trading
Vice President Salary
14 - 15 years exp. (AmbitionBox Estimate)
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₹35.1 L/yr - ₹51 L/yr

Last Updated: 14 Mar 2025

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

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SBI Life Insurance Company Vice President Salary

10 - 20 years exp. (18 salaries)

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₹20 L/yr - ₹62 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹16 L/yr - ₹60 L/yr

arrow icon 20% less
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₹32.1 L/yr - ₹94 L/yr

arrow icon 47% more
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₹19.7 L/yr - ₹43 L/yr

arrow icon 19% less
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₹28.4 L/yr - ₹65.3 L/yr

arrow icon 5% more
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HDFC Life Vice President Salary

12 - 27 years exp. (18 salaries)

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₹26 L/yr - ₹72 L/yr

arrow icon 13% more
4 job openings
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Tata AIA Life Insurance Vice President Salary

15 - 20 years exp. (10 salaries)

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₹31 L/yr - ₹97 L/yr

arrow icon 73% more
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₹42 L/yr - ₹73 L/yr

arrow icon 26% more
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Axis Max Life Insurance Vice President Salary

17 - 23 years exp. (6 salaries)

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₹32 L/yr - ₹79 L/yr

arrow icon 28% more
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₹51 L/yr - ₹97 L/yr

arrow icon 101% more
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₹32 L/yr - ₹38 L/yr

arrow icon 12% less
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Marsh Vice President Salary

5 - 15 years exp. (3 salaries)

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₹25.7 L/yr - ₹37 L/yr

arrow icon 38% less
Vice President salary at SBI Life Insurance Company ranges between ₹20 Lakhs to ₹62 Lakhs per year for employees with experience between 10 years to 20 years. Salary estimates are based on 18 latest salaries received from various employees of SBI Life Insurance Company.

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

3w ago
₹51 Lakhs
14 years exp.
6mo ago
₹62 Lakhs
19 years exp.
7mo ago
₹27 Lakhs
19 years exp.
1y ago
₹60 Lakhs
14 years exp.
1y ago
₹50.1 Lakhs
15 years exp.

Experience wise SBI Life Insurance Company Vice President salaries in Mumbai

Last Updated: 14 Mar 2025

Experience Avg Annual Salary
10 years (AmbitionBox Estimate)

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₹39.4 L/yr - ₹50.3 L/yr
11 years (AmbitionBox Estimate)

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₹39.2 L/yr - ₹50.1 L/yr
12 years (AmbitionBox Estimate)

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₹39.1 L/yr - ₹49.9 L/yr
13 years (AmbitionBox Estimate)

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₹38.9 L/yr - ₹49.7 L/yr
14 years  (3 salaries)

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₹17.2 L/yr - ₹60 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

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₹12 L/yr - ₹36 L/yr
Branch Manager Salary
(8 salaries)
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₹8 L/yr - ₹12.32 L/yr
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₹45 L/yr - ₹112 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
  • Job security - Bad
  • +4 more

Full Time

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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.

read more
  • Salary - Poor

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.

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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.

read more
  • Salary - Bad
  • +4 more

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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  • Job security - Good
  • +1 more

Dislikes

Every thing Accept salary on time

  • Salary - Bad
  • +4 more

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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  • 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.

read more
  • Salary - Poor
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SBI Life Insurance Company Vice President Salary FAQs

What is the salary of Vice President at SBI Life Insurance Company in Mumbai?
The average salary of a Vice President at SBI Life Insurance Company in Mumbai typically ranges from ₹20.0 Lakhs to ₹62.0 Lakhs per year, depending on experience (from 10 years to 20 years).

The top 10% of Vice President in Mumbai at SBI Life Insurance Company earn more than ₹60.0 Lakhs per year, and the top 1% earn over ₹62.0 Lakhs per year. Vice President 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 10+ SBI Life Insurance Company employees in India.
What is the estimated take home salary of a Vice President at SBI Life Insurance Company in Mumbai?
The estimated take-home salary of a Vice President at SBI Life Insurance Company in Mumbai typically ranges from ₹2,54,038 to ₹2,64,387 per month. This is based on the average salary range of ₹20.0 Lakhs to ₹62.0 Lakhs per year for employees with experience ranging from 10 years to 20 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 10+ 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 Vice President in India?
Aditya Birla Health Insurance Co ₹51.0 Lakhs to ₹97.0 Lakhs per year
Tata AIA Life Insurance ₹31.0 Lakhs to ₹97.0 Lakhs per year
ICICI Lombard General Insurance Company ₹32.1 Lakhs to ₹94.0 Lakhs per year
Axis Max Life Insurance ₹32.0 Lakhs to ₹79.0 Lakhs per year
Bajaj Allianz Life Insurance ₹42.0 Lakhs to ₹73.0 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 Vice President in companies similar to SBI Life Insurance Company in Mumbai?
The salary of a Vice President at companies similar to SBI Life Insurance Company in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Life ₹26.0 Lakhs to ₹72.0 Lakhs per year
HDFC Ergo General Insurance ₹28.4 Lakhs to ₹65.3 Lakhs per year
ICICI Prudential Life Insurance ₹32.0 Lakhs to ₹38.0 Lakhs per year
Kotak Mahindara Life Insurance ₹19.7 Lakhs to ₹43.0 Lakhs per year
Reliance Nippon Life Insurance ₹16.0 Lakhs to ₹60.0 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 Vice President at SBI Life Insurance Company in Mumbai?
The salary growth for a Vice President at SBI Life Insurance Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Vice President in Mumbai can expect the following growth trajectory at SBI Life Insurance Company:

Experience Average Salary Range
10 years ₹39.4 Lakhs to ₹50.3 Lakhs per year
11 years ₹39.2 Lakhs to ₹50.1 Lakhs per year
12 years ₹39.1 Lakhs to ₹49.9 Lakhs per year
13 years ₹38.9 Lakhs to ₹49.7 Lakhs per year
and so on.

Tell us how to improve this page.

SBI Life Insurance Company Vice President salary in Mumbai ranges between ₹20 Lakhs to ₹62 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 18 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.