Max Life Insurance Mumbai Branch Manager Salaries by 10+ Employees (Updated 2025)

9 - 18 years exp.

₹7.3 Lakhs - ₹12.5 Lakhs

Salary of majority employees

At par with the average Branch Manager Salary in Insurance Companies for 9 - 18 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 9 - 16 years exp. (6 salaries)	₹7.3 L/yr - ₹11.8 L/yr
Sales & Business Development Branch Manager Salary 9 - 15 years exp. (3 salaries)	₹9.5 L/yr - ₹12 L/yr
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Finance & Accounting Branch Manager Salary 11 years exp. (AmbitionBox Estimate)	₹8.7 L/yr - ₹10 L/yr

Last Updated: 20 Nov 2024

Companies similar to Axis Max Life Insurance for Branch Manager in Mumbai

Axis Max Life Insurance Branch Manager Salary

9 - 18 years exp. (12 salaries)

₹7.3 L/yr - ₹12.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Branch Manager Salary 6 - 16 years exp. (30 salaries)	₹5.5 L/yr - ₹12.5 L/yr 11% less
ICICI Prudential Life Insurance Branch Manager Salary 3 - 18 years exp. (50 salaries)	₹6 L/yr - ₹18 L/yr 23% more
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Bajaj Allianz Life Insurance Branch Manager Salary 7 - 14 years exp. (11 salaries)	₹5.1 L/yr - ₹11.8 L/yr 23% less	1 job opening
SBI Life Insurance Company Branch Manager Salary 7 - 14 years exp. (7 salaries)	₹8 L/yr - ₹11.2 L/yr At par
Tata AIA Life Insurance Branch Manager Salary 9 - 19 years exp. (15 salaries)	₹8.2 L/yr - ₹15.5 L/yr 16% more	30 job openings
Kotak Mahindara Life Insurance Branch Manager Salary 3 - 17 years exp. (18 salaries)	₹6 L/yr - ₹11 L/yr 11% less	1 job opening
ICICI Lombard General Insurance Company Branch Manager Salary 6 - 14 years exp. (9 salaries)	₹4.8 L/yr - ₹12 L/yr 14% less	2 job openings
HDFC Ergo General Insurance Branch Manager Salary 9 - 16 years exp. (9 salaries)	₹6 L/yr - ₹10.5 L/yr 13% less
Star Health & Allied Insurance Branch Manager Salary 8 - 16 years exp. (9 salaries)	₹7.5 L/yr - ₹10.2 L/yr 25% less	1 job opening
Cholamandalam MS General Insurance Branch Manager Salary 4 - 9 years exp. (6 salaries)	₹3.5 L/yr - ₹6.6 L/yr 44% less
ManipalCigna Health Insurance Branch Manager Salary 8 - 11 years exp. (4 salaries)	₹5.4 L/yr - ₹8.8 L/yr 17% less
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Bajaj Allianz General Insurance Branch Manager Salary 7 - 12 years exp. (3 salaries)	₹5.5 L/yr - ₹7.3 L/yr 38% less	1 job opening
PNB MetLife Branch Manager Salary 12 - 18 years exp. (3 salaries)	₹9.6 L/yr - ₹12.5 L/yr 5% less	2 job openings

Branch Manager salary at Axis Max Life Insurance ranges between ₹7.3 Lakhs to ₹12.5 Lakhs per year for employees with experience between 9 years to 18 years. Salary estimates are based on 12 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Max Life Insurance Branch Manager salaries in Mumbai

Last Updated: 20 Nov 2024

Experience	Avg Annual Salary
9 years (4 salaries)	₹7.3 L/yr - ₹11 L/yr
10 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹17.6 L/yr
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11 years (AmbitionBox Estimate)	₹4 L/yr - ₹10 L/yr
12 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
13 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹18.4 L/yr
14 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr
15+ years (5 salaries)	₹9.5 L/yr - ₹12.5 L/yr

View all

From

Branch Manager

8 - 19 years exp.

Cluster Manager

₹

Lakhs/yr

6 - 15 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Axis Max Life Insurance

Sales Manager Salary

(70 salaries)

₹2.3 L/yr - ₹6 L/yr

Deputy Manager Salary

(70 salaries)

₹3.15 L/yr - ₹7.7 L/yr

Area Manager Salary

(28 salaries)

₹5 L/yr - ₹11.21 L/yr

Cluster Manager Salary

(19 salaries)

₹5.06 L/yr - ₹13.86 L/yr

Chief Manager Salary

(14 salaries)

₹12.6 L/yr - ₹30 L/yr

Top skills at Axis Max Life Insurance for Branch Manager

Branch Management Salesforce Customer Service Sales Promotion Sales Management agency Sales Recruitment Supervision Insurance Training Computer Networking Auditing Cost Life

Salary related reviews for Axis Max Life Insurance

1.0

Rated by 1 employees for salary & benefits

Branch Manager

Sales BD Department

5.0

• posted on 21 Dec 2018

5.0

for Salary and Benefits

Likes

It was very nice expierence to work with Max,very good teammates, nice growth appraisal excellent good salary Yes there is politics ay higher level high mode learning as per industry standards. It was turning point of my life.

Salary - Excellent

+6 more

Dislikes

Nothing Nothing Nothing

Deputy Manager in Kolkata

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 05 Jan 2024

1.0

for Salary and Benefits

Likes

To be very honest . Leaders are not at all good. They don’t treat people with respect. Just Bogus Company I ever worked with.

Dislikes

Everything. Full of Politics. Managers and leaders are not at all good.. Doesn’t provide Exact salary. And the KRA’s don’t match what they said during Interview.

Salary - Bad

+6 more

Sales Manager in New Delhi

Full Time

Sales Department

2.0

• posted on 26 Nov 2022

2.0

for Salary and Benefits

Likes

...hing About Likes and dislike as company is not my Girlfriend or spouse to love There is only one rule once you perform for any company company will pay. Once you are not favourite for your manager you have to leave the company. No employee want to change the job real truth is employee change their manager.

Salary - Poor

+6 more

Business Development Manager in Meerut

Sales & Business Development Department

1.0

• posted on 05 Feb 2022

1.0

for Salary and Benefits

Likes

... after that also your job never be secured. And boss behaviour is very pathetic. They hold salary also. Very bad experience.

Dislikes

Salary - Bad
Job security - Bad

+4 more

Business Development Manager in Tirunelveli

Marketing & Communication Department

5.0

• posted on 12 Apr 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Axis Max Life Insurance

View All

thickraspberry

works at

B P Oil Mills

Facing Toxic Culture and Management Issues.

I joined Axis Max Life Insurance, on 24 Dec 2024, After 11 Jan 2025 I started receiving hate and toxic culture from the female L1 Manager BRM. On Axis Max Life Insurance. Because I refused to do their personal work and work on the week off. Because I'm not the licking Employee. Now the female manager starts harassing me. The branch didn't even have the security CCTV Cameras so I don't have a Recording. But I have witnesses. She is too toxic And I feel mentally drained and harassing. What should I do because she is female I can't take unnecessary action. Please share the thoughts and advice and need help asap.

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Axis Max Life Insurance Branch Manager Salary FAQs

What is the salary of Branch Manager at Max Life Insurance Mumbai?

Branch Manager salary at Max Life Insurance in Mumbai ranges between ₹7.3 Lakhs to ₹12.5 Lakhs for experience between 9 years to 18 years. According to our estimates it is 3% less than the average Branch Manager Salary in India. Salary estimates are based on 12 latest salaries received from various employees of Max Life Insurance Mumbai.

How does the salary of a Branch Manager at Max Life Insurance Mumbai compare with the average salary range for this job?

The average salary of a Branch Manager at Max Life Insurance is 3% less than the average salary of a Branch Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Branch Manager at Max Life Insurance?

Branch Management, Salesforce, Customer Service, Sales Promotion and Sales Management are some of the popular skills required to work as a Branch Manager at Max Life Insurance Mumbai.

Which similar companies are paying more than Max Life Insurance to a Branch Manager in Mumbai?

ICICI Prudential Life Insurance Branch Manager Salary - ₹6.0 Lakhs to ₹18.0 Lakhs per year
Tata AIA Life Insurance Branch Manager Salary - ₹8.2 Lakhs to ₹15.5 Lakhs per year

What is the salary of a Branch Manager in companies similar to Max Life Insurance in Mumbai?

SBI Life Insurance Company Branch Manager Salary - ₹8.0 Lakhs to ₹11.2 Lakhs per year
PNB MetLife Branch Manager Salary - ₹9.6 Lakhs to ₹12.5 Lakhs per year
HDFC Life Branch Manager Salary - ₹5.5 Lakhs to ₹12.5 Lakhs per year
Kotak Mahindara Life Insurance Branch Manager Salary - ₹6.0 Lakhs to ₹11.0 Lakhs per year
HDFC Ergo General Insurance Branch Manager Salary - ₹6.0 Lakhs to ₹10.5 Lakhs per year

What is the estimated take home salary of a Branch Manager at Max Life Insurance in Mumbai?

The estimated take-home salary of a Branch Manager at Max Life Insurance ranges between ₹74,147 per month to ₹76,064 per month in Mumbai. The take-home salary calculation is based on the average Max Life Insurance Branch Manager salary in India which ranges between ₹7.3 Lakhs to ₹12.5 Lakhs per year for employees with experience between 9 years to 18 years. Check how did we calculate take home salary?

What is the notice period for Branch Manager at Max Life Insurance in Mumbai?

According to AmbitionBox, 50% of the Max Life Insurance Branch Managers in Mumbai reported a notice period of 2 Months, 25% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Max Life Insurance Branch Manager Salaries in Mumbai

Axis Max Life Insurance Branch Manager salary in Mumbai ranges between ₹7.3 Lakhs to ₹12.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.