Axis Max Life Insurance Mumbai Program Manager Salaries by 6 Employees (Updated 2025)

3 - 12 years exp.

₹7 Lakhs - ₹24 Lakhs

Salary of majority employees

44% less than the average Program Manager Salary in Insurance Companies for 3 - 12 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Program Manager Salary 5 - 12 years exp. (3 salaries)	₹10 L/yr - ₹11.5 L/yr
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Project & Program Management Program Manager Salary 3 - 8 years exp. (AmbitionBox Estimate)	₹16.8 L/yr - ₹28.7 L/yr

Last Updated: 24 Feb 2025

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

Axis Max Life Insurance Program Manager Salary

3 - 12 years exp. (6 salaries)

₹7 L/yr - ₹24 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Program Manager Salary 6 - 18 years exp. (8 salaries)	₹15.9 L/yr - ₹24.6 L/yr 39% more
Bajaj Allianz Life Insurance Program Manager Salary 2 - 8 years exp. (8 salaries)	₹8 L/yr - ₹24 L/yr 7% more
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HDFC Ergo General Insurance Program Manager Salary 5 - 18 years exp. (3 salaries)	₹11.4 L/yr - ₹38 L/yr 50% more
SBI Life Insurance Company Program Manager Salary 10 - 20 years exp. (3 salaries)	₹12.2 L/yr - ₹20 L/yr 18% more
Capgemini Program Manager Salary 13 - 26 years exp. (336 salaries)	₹16 L/yr - ₹45 L/yr 128% more	4 job openings

Program Manager salary at Axis Max Life Insurance ranges between ₹7 Lakhs to ₹24 Lakhs per year for employees with experience between 3 years to 12 years. Salary estimates are based on 6 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Axis Max Life Insurance Program Manager salaries in Mumbai

Last Updated: 24 Feb 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹16.8 L/yr
4 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
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5 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹23.1 L/yr
6 years (AmbitionBox Estimate)	₹7 L/yr - ₹23.8 L/yr
7 years (AmbitionBox Estimate)	₹12.3 L/yr - ₹15.7 L/yr
8 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹25.4 L/yr
9 years (AmbitionBox Estimate)	₹13.1 L/yr - ₹16.7 L/yr
10 years (AmbitionBox Estimate)	₹10 L/yr - ₹27 L/yr
11 years (AmbitionBox Estimate)	₹13.9 L/yr - ₹17.7 L/yr
12 years (AmbitionBox Estimate)	₹10 L/yr - ₹28.6 L/yr

View all

Similar Designation salaries in Axis Max Life Insurance

Deputy Manager Salary

(68 salaries)

₹3.15 L/yr - ₹7.7 L/yr

Area Manager Salary

(28 salaries)

₹5 L/yr - ₹11 L/yr

Center Manager Salary

(23 salaries)

₹6 L/yr - ₹11.85 L/yr

Chief Manager Salary

(18 salaries)

₹12.6 L/yr - ₹30 L/yr

Financial Service Consultant Salary

(12 salaries)

₹2.9 L/yr - ₹4.5 L/yr

Training Manager Salary

(11 salaries)

₹5 L/yr - ₹9.5 L/yr

Aadm Salary

(9 salaries)

₹2.85 L/yr - ₹3.9 L/yr

Operations Executive Salary

(9 salaries)

₹1.2 L/yr - ₹2.85 L/yr

MIS Executive Salary

(8 salaries)

₹1.9 L/yr - ₹4.19 L/yr

Financial Advisor Salary

(5 salaries)

₹2.2 L/yr - ₹4.03 L/yr

Top skills at Axis Max Life Insurance for Program Manager

Management Salesforce Program Management Branch Banking SQL Sales Business Reporting Banking SQL Regression Testing Customer Satisfaction Stakeholder Engagement Cost PMO OPEX

Salary related reviews for Axis Max Life Insurance

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 Program Manager Salary FAQs

What is the salary of Program Manager at Axis Max Life Insurance in Mumbai?

The average salary of a Program Manager at Axis Max Life Insurance in Mumbai typically ranges from ₹7.0 Lakhs to ₹24.0 Lakhs per year, depending on experience (from 3 years to 12 years).

The top 10% of Program Manager in Mumbai at Axis Max Life Insurance earn more than ₹27.5 Lakhs per year, and the top 1% earn over ₹28.7 Lakhs per year. Program Manager Salaries at Axis 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 6 Axis Max Life Insurance employees in India.

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

The estimated take-home salary of a Program Manager at Axis Max Life Insurance in Mumbai typically ranges from ₹97,098 to ₹99,726 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹24.0 Lakhs per year for employees with experience ranging from 3 years to 12 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 6 salaries received from various employees of Axis 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 Program Manager at Axis Max Life Insurance in Mumbai?

To be a Program Manager at Axis Max Life Insurance in Mumbai, the key skills required include:

- Management
- Salesforce
- Program Management
- Branch Banking
- SQL

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

Which companies offer higher salaries than Axis Max Life Insurance for Program Manager in India?

Capgemini	₹16.0 Lakhs to ₹45.0 Lakhs per year
HDFC Ergo General Insurance	₹11.4 Lakhs to ₹38.0 Lakhs per year
Tata AIA Life Insurance	₹15.9 Lakhs to ₹24.6 Lakhs per year
SBI Life Insurance Company	₹12.2 Lakhs to ₹20.0 Lakhs per year
Bajaj Allianz Life Insurance	₹8.0 Lakhs to ₹24.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Axis Max Life Insurance, depending on the role and experience level.

How the salary growth look like for a Program Manager at Axis Max Life Insurance in Mumbai?

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

Experience	Average Salary Range
3 years	₹4.8 Lakhs to ₹16.8 Lakhs per year
4 years	₹11.1 Lakhs to ₹14.2 Lakhs per year
5 years	₹11.5 Lakhs to ₹23.1 Lakhs per year
6 years	₹7.0 Lakhs to ₹23.8 Lakhs per year

and so on.

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Axis Max Life Insurance Program Manager Salaries in Mumbai

Axis Max Life Insurance Program Manager salary in Mumbai ranges between ₹7 Lakhs to ₹24 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.