Max Life Insurance Administration Manager Salaries by 10+ Employees (Updated 2024)

0 - 7 years exp.

₹3.2 Lakhs - ₹7 Lakhs

Salary of majority employees

45% less than the average Administration Manager Salary in Insurance Companies for 0 - 7 years of experience

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Salaries in different departments

Sales & Business Development Administration Manager Salary 2 - 4 years exp. (4 salaries)	₹3.5 L/yr - ₹5 L/yr
Marketing & Communication Administration Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
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Human Resources Administration Manager Salary 7 years exp. (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.5 L/yr

Last Updated: 10 Oct 2024

Companies similar to Max Life Insurance for Administration Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Administration Manager Salary 0 - 15 years exp. (7 salaries)	₹1.8 L/yr - ₹4 L/yr 31% less
HDFC Life Administration Manager Salary 3 - 19 years exp. (7 salaries)	₹2 L/yr - ₹9.5 L/yr 2% more
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SBI Life Insurance Company Administration Manager Salary 11 - 15 years exp. (6 salaries)	₹8.2 L/yr - ₹12.1 L/yr 107% more
Bajaj Allianz Life Insurance Administration Manager Salary 10 - 14 years exp. (7 salaries)	₹11.2 L/yr - ₹17.1 L/yr 260% more
Kotak Mahindara Life Insurance Administration Manager Salary 1 - 8 years exp. (22 salaries)	₹2.2 L/yr - ₹4 L/yr 32% less
Reliance Nippon Life Insurance Administration Manager Salary 1 - 4 years exp. (6 salaries)	₹1.2 L/yr - ₹3 L/yr 56% less
Aditya Birla Sun Life Insurance Administration Manager Salary 9 - 14 years exp. (4 salaries)	₹5.8 L/yr - ₹13 L/yr 114% more
Life Insurance Corporation of India Administration Manager Salary 25 - 32 years exp. (4 salaries)	₹18.9 L/yr - ₹30 L/yr 346% more
ICICI Lombard General Insurance Company Administration Manager Salary 3 - 15 years exp. (21 salaries)	₹4 L/yr - ₹9.4 L/yr 59% more
Cholamandalam MS General Insurance Administration Manager Salary 7 - 20 years exp. (14 salaries)	₹5 L/yr - ₹9.5 L/yr 68% more
Care Health Insurance Administration Manager Salary 4 - 11 years exp. (9 salaries)	₹3.2 L/yr - ₹9 L/yr 20% more
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HDFC Ergo General Insurance Administration Manager Salary 8 - 12 years exp. (7 salaries)	₹3.2 L/yr - ₹13.6 L/yr 73% more
Star Health & Allied Insurance Administration Manager Salary 3 - 12 years exp. (7 salaries)	₹3.3 L/yr - ₹6 L/yr 6% more
Bajaj Allianz General Insurance Administration Manager Salary 3 - 15 years exp. (6 salaries)	₹1.2 L/yr - ₹7.4 L/yr 9% less
Shriram Life Insurance Administration Manager Salary 0 - 10 years exp. (5 salaries)	₹2.2 L/yr - ₹3.6 L/yr 34% less
Aviva Life Insurance India Administration Manager Salary 14 - 17 years exp. (4 salaries)	₹6.8 L/yr - ₹8.3 L/yr 73% more
SBI General Insurance Administration Manager Salary 11 - 14 years exp. (4 salaries)	₹5.3 L/yr - ₹7.2 L/yr 34% more

Administration Manager salary at Max Life Insurance ranges between ₹3.2 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 11 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Administration Manager salaries

Last Updated: 10 Oct 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.9 L/yr - ₹7 L/yr
1 year (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr
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2 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹8.2 L/yr
3 years (3 salaries)	₹3.5 L/yr - ₹6.2 L/yr
4 years (3 salaries)	₹3.2 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹7.7 L/yr
6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹7.6 L/yr
7 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹5.5 L/yr

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Similar Designation salaries in Max Life Insurance

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(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Operations Manager Salary

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₹2.15 L/yr - ₹11 L/yr

Administration Assistant Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Administration Executive Salary

(7 salaries)

₹2 L/yr - ₹4 L/yr

Deputy Manager Salary

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₹2.4 L/yr - ₹9 L/yr

System Administrator Salary

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₹1.5 L/yr - ₹3.02 L/yr

Office Administrator Salary

(AmbitionBox Estimate)

₹3.7 L/yr - ₹4.7 L/yr

Sales Coordinator Salary

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₹1.5 L/yr - ₹4.5 L/yr

Computer Operator Salary

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₹1.2 L/yr - ₹3.1 L/yr

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₹2 L/yr - ₹3.6 L/yr

Salary related reviews for Max Life Insurance

4.0

Rated by 1 employees for salary & benefits

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.

Back Office Executive in Gurgaon / Gurugram

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 06 Jul 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.

Dislikes

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

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.

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.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Max Life Insurance Administration Manager Salary FAQs

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

Administration Manager salary at Max Life Insurance in India ranges between ₹3.2 Lakhs to ₹7.0 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 45% less than the average Administration Manager Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Max Life Insurance India.

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

The average salary of a Administration Manager at Max Life Insurance is 45% less than the average salary of a Administration Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Max Life Insurance to a Administration Manager in India?

Life Insurance Corporation of India Administration Manager Salary - ₹18.9 Lakhs to ₹30.0 Lakhs per year
Bajaj Allianz Life Insurance Administration Manager Salary - ₹11.2 Lakhs to ₹17.1 Lakhs per year
Aditya Birla Sun Life Insurance Administration Manager Salary - ₹5.8 Lakhs to ₹13.0 Lakhs per year
SBI Life Insurance Company Administration Manager Salary - ₹8.2 Lakhs to ₹12.1 Lakhs per year
HDFC Ergo General Insurance Administration Manager Salary - ₹3.2 Lakhs to ₹13.6 Lakhs per year

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

Aviva Life Insurance India Administration Manager Salary - ₹6.8 Lakhs to ₹8.3 Lakhs per year
Cholamandalam MS General Insurance Administration Manager Salary - ₹5.0 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company Administration Manager Salary - ₹4.0 Lakhs to ₹9.4 Lakhs per year
SBI General Insurance Administration Manager Salary - ₹5.3 Lakhs to ₹7.2 Lakhs per year
Care Health Insurance Administration Manager Salary - ₹3.2 Lakhs to ₹9.0 Lakhs per year

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

The estimated take-home salary of a Administration Manager at Max Life Insurance ranges between ₹32,862 per month to ₹34,134 per month in India. The take-home salary calculation is based on the average Max Life Insurance Administration Manager salary in India which ranges between ₹3.2 Lakhs to ₹7.0 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 79% of the Max Life Insurance Administration Managers reported a notice period of 15 days or less, 14% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

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Max Life Insurance Administration Manager Salaries

Max Life Insurance Administration Manager salary in India ranges between ₹3.2 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Max Life Insurance latest salaries received from various employees of Max Life Insurance.