Max Life Insurance Procurement Manager Salaries by 7 Employees

10 - 14 years exp.

₹11 Lakhs - ₹17 Lakhs

Low Confidence

Salary of majority employees

11% less than the average Procurement Manager Salary in Insurance Companies for 10 - 14 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

Procurement & Supply Chain Procurement Manager Salary 10 - 14 years exp. (5 salaries)	₹12 L/yr - ₹17 L/yr
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Aviation & Aerospace Procurement Manager Salary 10 years exp. (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.1 L/yr

Last Updated: 27 Nov 2024

Companies similar to Axis Max Life Insurance for Procurement Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Procurement Manager Salary 16 - 22 years exp. (4 salaries)	₹11.5 L/yr - ₹12.9 L/yr 13% less
Reliance Nippon Life Insurance Procurement Manager Salary 11 - 14 years exp. (4 salaries)	₹11.3 L/yr - ₹15.5 L/yr 7% less
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Kotak Mahindara Life Insurance Procurement Manager Salary 7 - 8 years exp. (3 salaries)	₹5 L/yr - ₹12.9 L/yr 39% less
PNB MetLife Procurement Manager Salary 10 - 14 years exp. (5 salaries)	₹10.3 L/yr - ₹13 L/yr 21% less
MetLife Procurement Manager Salary 5 - 13 years exp. (5 salaries)	₹9 L/yr - ₹20.5 L/yr 6% less
Star Union Dai-ichi Life Insurance Procurement Manager Salary 12 - 15 years exp. (4 salaries)	₹9.9 L/yr - ₹11.8 L/yr 24% less
HDFC Ergo General Insurance Procurement Manager Salary 1 - 8 years exp. (4 salaries)	₹3.5 L/yr - ₹14.5 L/yr 41% less
SBI General Insurance Procurement Manager Salary 3 - 13 years exp. (3 salaries)	₹8.6 L/yr - ₹9.6 L/yr 35% less
ManipalCigna Health Insurance Procurement Manager Salary 12 - 15 years exp. (3 salaries)	₹10.8 L/yr - ₹13.8 L/yr 14% less

Procurement Manager salary at Axis Max Life Insurance ranges between ₹11 Lakhs to ₹17 Lakhs per year for employees with experience between 10 years to 14 years. Salary estimates are based on 7 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Max Life Insurance Procurement Manager salaries

Last Updated: 27 Nov 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹11 L/yr - ₹12.2 L/yr
11 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.6 L/yr
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12 years (AmbitionBox Estimate)	₹12 L/yr - ₹25 L/yr
13 years (AmbitionBox Estimate)	₹6 L/yr - ₹17 L/yr
14 years (AmbitionBox Estimate)	₹13.7 L/yr - ₹17 L/yr

Similar Designation salaries in Axis Max Life Insurance

Assistant Manager Procurement Salary

(5 salaries)

₹6.5 L/yr - ₹7.25 L/yr

Senior Executive Procurement Salary

(4 salaries)

₹3 L/yr - ₹5.2 L/yr

Procurement Executive Salary

(4 salaries)

₹2.7 L/yr - ₹5.2 L/yr

Deputy Manager Procurement Salary

(AmbitionBox Estimate)

₹8.3 L/yr - ₹10.6 L/yr

Senior Manager Procurement Salary

(AmbitionBox Estimate)

₹18.2 L/yr - ₹23.2 L/yr

Procurement Specialist Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Logistics Executive Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Counsellor Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Commercial Executive Salary

(AmbitionBox Estimate)

₹0.3 L/yr - ₹0.3 L/yr

Supply Chain Sr.Executive Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Top skills at Axis Max Life Insurance for Procurement Manager

Procurement RFP RFQ Ariba Oracle Relationship Management Strategic Sourcing Vendor Management Analytical Procurement Order Management Purchase Customer Satisfaction Process Enhancement Purchase Management

Salary related reviews for Axis Max Life Insurance

3.0

Rated by 1 employees for salary & benefits

Data Scientist in Gurgaon / Gurugram

Full Time

Data Science & Analytics Department

3.0

• posted on 01 Aug 2024

3.0

for Salary and Benefits

Likes

Office Space Multiple business problems to solve.

Dislikes

Salary Too much office politics. Sometimes good work is limited to some folks. Career growth opportunities are limited to only some section of the teams

Company culture - Poor

+1 more

Relationship Associate in Raipur

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 29 Jul 2024

1.0

for Salary and Benefits

Likes

Job security

Dislikes

Appraisal depends upon reporting manager, new candidates came with higher package but old employees voice can not get into company ear because of team leaders. Competition are very good in this situation.

Salary - Bad

+5 more

Associate Sales Manager in Mumbai

Full Time

Sales & Business Development Department

1.0

• posted on 01 Oct 2024

2.0

for Salary and Benefits

Likes

Salary on time

Dislikes

Worst management and HR. Management torture Lower level staff for business. Even HR also support manager and they take concall for business. Worst working conditions in Max life Cooperative banca channel I have seen in my life time.

Salary - Poor

+6 more

Associate in Pune

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 20 May 2024

1.0

for Salary and Benefits

Likes

Nothing good here

Dislikes

...arget is not complete. Target is so high that you will never receive incentives. Pay is too less and pressure, toxicity and politics is too high.

Salary - Bad

+6 more

Agency Development Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 Aug 2023

4.0

for Salary and Benefits

Likes

Salary is good

Salary - Good

+1 more

Dislikes

Lack of training, harrasment candidate for work , lack of field help , managers are not supportive they just bark but don't motivate agency manager at every hour . Mentally torture the candidate for work and pressurized day night equally, call anytime without thinking it's an off or weak day holiday. Never think about personal life also the manager are shameless because they trespass their manager homes without intimation and do misbehave with everyone in office. The management is not good so do not join max life

Skill development - Bad

+4 more

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Axis Max Life Insurance Procurement Manager Salary FAQs

What is the salary of Procurement Manager at Max Life Insurance ?

The average salary of a Procurement Manager at Max Life Insurance in India typically ranges from ₹11.0 Lakhs to ₹17.0 Lakhs per year, depending on experience (from 10 years to 14 years).

The top 10% of Procurement Manager at Max Life Insurance earn more than ₹17.0 Lakhs per year, and the top 1% earn over ₹NaN Lakhs per year. Procurement Manager Salaries at Max 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 7 Max Life Insurance employees in India.

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

The estimated take-home salary of a Procurement Manager at Max Life Insurance in India typically ranges from ₹97,191 to ₹99,821 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹17.0 Lakhs per year for employees with experience ranging from 10 years to 14 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 7 salaries received from various employees of Max Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Procurement Manager at Max Life Insurance ?

To be a Procurement Manager at Max Life Insurance in india, the key skills required include:

- Procurement
- RFP
- RFQ
- Ariba
- Oracle

These skills are highly valued at Max Life Insurance and are crucial for successful performance in a Software Engineering role.

What is the salary of a Procurement Manager in companies similar to Max Life Insurance in India?

The salary of a Procurement Manager at companies similar to Max Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

MetLife	₹9.0 Lakhs to ₹20.5 Lakhs per year
Reliance Nippon Life Insurance	₹11.3 Lakhs to ₹15.5 Lakhs per year
HDFC Life	₹11.5 Lakhs to ₹12.9 Lakhs per year
ManipalCigna Health Insurance	₹10.8 Lakhs to ₹13.8 Lakhs per year
PNB MetLife	₹10.3 Lakhs to ₹13.0 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 Procurement Manager at Max Life Insurance in India?

The salary growth for a Procurement Manager at Max Life Insurance depends on factors such as experience, performance, and promotions. On average, a Procurement Manager can expect the following growth trajectory at Max Life Insurance:

Experience	Average Salary Range
10 years	₹11.0 Lakhs to ₹12.2 Lakhs per year
11 years	₹11.5 Lakhs to ₹14.6 Lakhs per year
12 years	₹12.0 Lakhs to ₹25.0 Lakhs per year
13 years	₹6.0 Lakhs to ₹17.0 Lakhs per year

and so on.

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Max Life Insurance Procurement Manager Salaries

Axis Max Life Insurance Procurement Manager salary in India ranges between ₹11 Lakhs to ₹17 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.