Max Life Insurance Underwriting Manager Salaries by 3 Employees (Updated 2025)

5 - 14 years exp.

₹8.5 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

Fixed (83%)

₹7.8 Lakhs

Variable (17%)

₹1.7 Lakh

6% more than the average Underwriting Manager Salary in Insurance Companies for 5 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Underwriting Manager Salary 14 years exp. (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.4 L/yr
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Customer Success, Service & Operations Underwriting Manager Salary 9 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr

Last Updated: 21 Jan 2025

Companies similar to Axis Max Life Insurance for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (14 salaries)	₹6 L/yr - ₹10.5 L/yr 15% less
HDFC Life Underwriting Manager Salary 12 - 17 years exp. (5 salaries)	₹9.7 L/yr - ₹18.5 L/yr 35% more
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SBI Life Insurance Company Underwriting Manager Salary 11 - 14 years exp. (4 salaries)	₹8.5 L/yr - ₹15 L/yr 26% more
Kotak Mahindara Life Insurance Underwriting Manager Salary 1 - 3 years exp. (5 salaries)	₹5.1 L/yr - ₹8.4 L/yr 33% less
Tata AIA Life Insurance Underwriting Manager Salary 12 - 18 years exp. (7 salaries)	₹7.8 L/yr - ₹18 L/yr 30% more
Aditya Birla Sun Life Insurance Underwriting Manager Salary 7 - 10 years exp. (4 salaries)	₹10.1 L/yr - ₹13.4 L/yr 17% more
PNB MetLife Underwriting Manager Salary 2 - 16 years exp. (4 salaries)	₹3.9 L/yr - ₹11.4 L/yr 23% less
SBI General Insurance Underwriting Manager Salary 7 - 13 years exp. (23 salaries)	₹5.8 L/yr - ₹13.5 L/yr 14% more
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 14% more
ICICI Lombard General Insurance Company Underwriting Manager Salary 1 - 17 years exp. (9 salaries)	₹5.8 L/yr - ₹14.5 L/yr 6% less
Cholamandalam MS General Insurance Underwriting Manager Salary 5 - 15 years exp. (6 salaries)	₹4.4 L/yr - ₹11.9 L/yr 15% less
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Gallagher Underwriting Manager Salary 7 - 10 years exp. (5 salaries)	₹12 L/yr - ₹13 L/yr 33% more
Bajaj Allianz General Insurance Underwriting Manager Salary 14 - 17 years exp. (4 salaries)	₹19 L/yr - ₹22 L/yr 121% more
ManipalCigna Health Insurance Underwriting Manager Salary 13 - 15 years exp. (4 salaries)	₹7.8 L/yr - ₹14.6 L/yr 15% more
Star Health & Allied Insurance Underwriting Manager Salary 3 - 5 years exp. (3 salaries)	₹3 L/yr - ₹5.1 L/yr 52% less
AIG Underwriting Manager Salary 9 - 14 years exp. (3 salaries)	₹14.3 L/yr - ₹21.1 L/yr 72% more

Underwriting Manager salary at Axis Max Life Insurance ranges between ₹8.5 Lakhs to ₹10 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 3 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Max Life Insurance Underwriting Manager salaries

Last Updated: 21 Jan 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
9 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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14 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr

Similar Designation salaries in Axis Max Life Insurance

Underwriter Salary

(11 salaries)

₹2.1 L/yr - ₹3.1 L/yr

Deputy Manager Salary

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₹2.4 L/yr - ₹9 L/yr

Chief Manager Salary

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₹11.87 L/yr - ₹36.2 L/yr

Senior Underwriter Salary

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₹2.8 L/yr - ₹5.5 L/yr

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₹5.8 L/yr - ₹18.01 L/yr

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₹2.6 L/yr - ₹9 L/yr

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₹2.05 L/yr - ₹5 L/yr

Management Trainee Salary

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₹16 L/yr - ₹22 L/yr

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₹2 L/yr - ₹3 L/yr

Salary related reviews for Axis Max Life Insurance

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

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

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What people are saying about Axis Max Life Insurance

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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 Underwriting Manager Salary FAQs

What is the notice period for Underwriting Manager at Max Life Insurance?

According to AmbitionBox, 100% of the Max Life Insurance Underwriting Managers reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Max Life Insurance Underwriting Manager Salaries

Axis Max Life Insurance Underwriting Manager salary in India ranges between ₹8.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.