Star Union Dai-ichi Life Insurance AVP Salaries by 5 Employees

10 - 20 years exp.

₹23 Lakhs - ₹30 Lakhs

Avg. annual salary

Monthly In-hand Salary

18% less than the average AVP Salary in Insurance Companies for 10 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading AVP Salary 10 - 19 years exp. (AmbitionBox Estimate)	₹23 L/yr - ₹24.6 L/yr
Customer Success, Service & Operations AVP Salary 20 years exp. (AmbitionBox Estimate)	₹23.8 L/yr - ₹29 L/yr
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Marketing & Communication AVP Salary 11 years exp. (AmbitionBox Estimate)	₹20.7 L/yr - ₹25.3 L/yr

Last Updated: 16 Jun 2024

Companies similar to Star Union Dai-ichi Life Insurance for AVP

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance AVP Salary 10 - 18 years exp. (27 salaries)	₹13.5 L/yr - ₹32 L/yr 19% less
ICICI Lombard General Insurance Company AVP Salary 11 - 18 years exp. (23 salaries)	₹16 L/yr - ₹39 L/yr 6% less
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HDFC Life AVP Salary 13 - 20 years exp. (23 salaries)	₹22 L/yr - ₹60.5 L/yr 35% more
Axis Max Life Insurance AVP Salary 12 - 21 years exp. (22 salaries)	₹14.4 L/yr - ₹40 L/yr 10% less
SBI Life Insurance Company AVP Salary 12 - 18 years exp. (21 salaries)	₹10 L/yr - ₹31 L/yr 21% less
Kotak Mahindara Life Insurance AVP Salary 7 - 22 years exp. (18 salaries)	₹6.6 L/yr - ₹22.5 L/yr 37% less
Canara HSBC Life Insurance AVP Salary 9 - 19 years exp. (12 salaries)	₹15 L/yr - ₹41.2 L/yr 8% less
Reliance General Insurance AVP Salary 10 - 18 years exp. (7 salaries)	₹17.5 L/yr - ₹35 L/yr 8% more
SBI General Insurance AVP Salary 17 - 25 years exp. (6 salaries)	₹20 L/yr - ₹31 L/yr 3% less
Tata AIG AVP Salary 4 - 20 years exp. (6 salaries)	₹17 L/yr - ₹25 L/yr 7% less
Aditya Birla Sun Life Insurance AVP Salary 7 - 14 years exp. (5 salaries)	₹29 L/yr - ₹40.5 L/yr 35% more
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Aviva Life Insurance India AVP Salary 14 - 22 years exp. (4 salaries)	₹17 L/yr - ₹23 L/yr 26% less
Magma HDI General Insurance AVP Salary 11 - 25 years exp. (4 salaries)	₹27.5 L/yr - ₹42 L/yr 31% more
Bajaj Allianz Life Insurance AVP Salary 14 - 19 years exp. (4 salaries)	₹35 L/yr - ₹38.2 L/yr 52% more
ManipalCigna Health Insurance AVP Salary 13 - 18 years exp. (4 salaries)	₹29 L/yr - ₹35 L/yr 25% more
Niva Bupa Health Insurance Company AVP Salary 11 - 18 years exp. (4 salaries)	₹12 L/yr - ₹22 L/yr 31% less

AVP salary at Star Union Dai-ichi Life Insurance ranges between ₹23 Lakhs to ₹30 Lakhs per year for employees with experience between 10 years to 20 years. Salary estimates are based on 5 latest salaries received from various employees of Star Union Dai-ichi Life Insurance.

Experience wise Star Union Dai-ichi Life Insurance AVP salaries

Last Updated: 16 Jun 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹20.8 L/yr - ₹26.5 L/yr
11 years (AmbitionBox Estimate)	₹21.1 L/yr - ₹27 L/yr
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12 years (AmbitionBox Estimate)	₹21.5 L/yr - ₹27.5 L/yr
13 years (AmbitionBox Estimate)	₹21.9 L/yr - ₹28 L/yr
14 years (AmbitionBox Estimate)	₹22.3 L/yr - ₹28.4 L/yr
15+ years (3 salaries)	₹24.6 L/yr - ₹30 L/yr

View all

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Salary related reviews for Star Union Dai-ichi Life Insurance

4.9

Rated by 2 employees for salary & benefits

AVP in Kochi

Administration Department

5.0

• posted on 25 Dec 2019

3.0

for Salary and Benefits

Likes

Work environment was good. But I personally felt that lot of politics as usual was present here also.

Skill development - Excellent

+2 more

Dislikes

cutting existing salary of staff who were trained by me with lot of effort and then taking staff at high CTC , often hired from other companies where the present executives worked.

Job security - Poor

+1 more

Senior Team Member in Navi Mumbai

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 26 Nov 2024

3.0

for Salary and Benefits

Likes

The people here support eachother and work. As company is still at growing stage it helps the young people like us to grab opportunities to learn and grow along with the company.

Skill development - Excellent

+5 more

Dislikes

Some policies regarding transfer wherein our salary did not get revised only we got add on allowances. However revisions of salary will be crucial as it will help us with our personal growth and also help us earn more bonus.

Area Manager in Mumbai

Full Time

Strategic & Top Management Department

1.0

• posted on 08 Jan 2024

1.0

for Salary and Benefits

Likes

Nothing.

Dislikes

...hire you is on hold and told you to wait for sometime but that never happens. Salary is on lower side without any good increament. List goes on

Salary - Bad

+5 more

Team Lead in Navi Mumbai

Contractual

Customer Success, Service & Operations Department

2.0

• posted on 30 Oct 2023

1.0

for Salary and Benefits

Likes

One thing is best is abhay tiwari down to earth person. Sud life is good company.managment is least bother about their work.

Company culture - Good

Dislikes

No mangement, least bother for contrual employee, no benefit, less salary more work for contract employee but pay roll less work and more salary best example satyam parkar from customer engagement team and email process both the process he made it horrible.

Salary - Bad

+5 more

Area Manager in Ludhiana

BFSI, Investments & Trading Department

5.0

• posted on 27 Mar 2021

3.0

for Salary and Benefits

Likes

It was wonderful experience working in Star Union as a Area head,,,,I learnt lot of new things, relationship,PSU sector,,big exposure......great boss ,,,great team,,overall great experience......

Skill development - Good

+3 more

Dislikes

Compensation and payout for channel partner.

see more salary related reviews

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Star Union Dai-ichi Life Insurance AVP Salary FAQs

What is the salary of AVP at Star Union Dai-ichi Life Insurance ?

The average salary of a AVP at Star Union Dai-ichi Life Insurance in India typically ranges from ₹23.0 Lakhs to ₹30.0 Lakhs per year, depending on experience (from 10 years to 20 years).

The top 10% of AVP at Star Union Dai-ichi Life Insurance earn more than ₹30.0 Lakhs per year, and the top 1% earn over ₹30.0 Lakhs per year. AVP Salaries at Star Union Dai-ichi Life Insurance 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 5 Star Union Dai-ichi Life Insurance employees in India.

What is the estimated take home salary of a AVP at Star Union Dai-ichi Life Insurance in India?

The estimated take-home salary of a AVP at Star Union Dai-ichi Life Insurance in India typically ranges from ₹1,59,209 to ₹1,65,271 per month. This is based on the average salary range of ₹23.0 Lakhs to ₹30.0 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 5 salaries received from various employees of Star Union Dai-ichi Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Star Union Dai-ichi Life Insurance for AVP in India?

Bajaj Allianz Life Insurance	₹35.0 Lakhs to ₹38.2 Lakhs per year
HDFC Life	₹22.0 Lakhs to ₹60.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹29.0 Lakhs to ₹40.5 Lakhs per year
Magma HDI General Insurance	₹27.5 Lakhs to ₹42.0 Lakhs per year
ManipalCigna Health Insurance	₹29.0 Lakhs to ₹35.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Star Union Dai-ichi Life Insurance, depending on the role and experience level.

What is the salary of a AVP in companies similar to Star Union Dai-ichi Life Insurance in India?

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

Reliance General Insurance	₹17.5 Lakhs to ₹35.0 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
Tata AIG	₹17.0 Lakhs to ₹25.0 Lakhs per year
Canara HSBC Life Insurance	₹15.0 Lakhs to ₹41.2 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 Star Union Dai-ichi Life Insurance in India?

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

Experience	Average Salary Range
10 years	₹20.8 Lakhs to ₹26.5 Lakhs per year
11 years	₹21.1 Lakhs to ₹27.0 Lakhs per year
12 years	₹21.5 Lakhs to ₹27.5 Lakhs per year
13 years	₹21.9 Lakhs to ₹28.0 Lakhs per year

and so on.

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Star Union Dai-ichi Life Insurance AVP Salaries

Star Union Dai-ichi Life Insurance AVP salary in India ranges between ₹23 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Star Union Dai-ichi Life Insurance latest salaries received from various employees of Star Union Dai-ichi Life Insurance.