Max Life Insurance Mumbai Advisor Salaries by 4 Employees (Updated 2025)

1 - 6 years exp.

₹1.5 Lakh - ₹4.5 Lakhs

Salary of majority employees

28% less than the average Advisor Salary in Insurance Companies for 1 - 6 years of experience

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Salaries in different departments

Marketing & Communication Advisor Salary 1 year exp. (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.5 L/yr
Login to view exact salary
Customer Success, Service & Operations Advisor Salary 6 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.3 L/yr

Last Updated: 23 May 2024

Companies similar to Max Life Insurance for Advisor in Mumbai

Max Life Insurance Advisor Salary

1 - 6 years exp. (4 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Advisor Salary 1 - 2 years exp. (4 salaries)	₹2.5 L/yr - ₹3.6 L/yr 2% more
SBI Life Insurance Company Advisor Salary 2 - 7 years exp. (3 salaries)	₹2 L/yr - ₹4 L/yr 5% more
Login to view exact salary
Life Insurance Corporation of India Advisor Salary 1 - 10 years exp. (10 salaries)	₹1.2 L/yr - ₹6 L/yr 24% more	1 job opening
Gallagher Advisor Salary 0 - 7 years exp. (31 salaries)	₹3.5 L/yr - ₹7 L/yr 50% more
ICICI Lombard General Insurance Company Advisor Salary 0 - 3 years exp. (5 salaries)	₹1.8 L/yr - ₹2.8 L/yr 21% less

Advisor salary at Max Life Insurance ranges between ₹1.5 Lakh to ₹4.5 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Advisor salaries in Mumbai

Last Updated: 23 May 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹4.5 L/yr
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3 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
6 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹6 L/yr

View all

From

Advisor

₹

Lakhs/yr

0 - 6 years exp.

Partner

₹

Lakhs/yr

13 - 21 years exp.

Advisor 0 - 6 years exp.

Sales Manager 0 - 10 years exp.

52% hike

Associate Partner 7 - 19 years exp.

78% hike

From

2 more levels

Advisor

0 - 6 years exp.

Cluster Manager

6 - 15 years exp.

Similar Designation salaries in Max Life Insurance

Sales Executive Salary

(7 salaries)

₹2 L/yr - ₹4.63 L/yr

Agent Salary

(3 salaries)

₹2.15 L/yr - ₹3.81 L/yr

Top skills at Max Life Insurance for Advisor

Strategic Planning Distribution Analytics Sales Business Planning

Salary related reviews for Max Life Insurance

3.7

Rated by 2 employees for salary & benefits

Customer Service Executive in Bikaner

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 24 Sep 2019

5.0

for Salary and Benefits

Likes

Excellent all things

Salary - Excellent

+6 more

Dislikes

Compensation is decent and fast growing, no any work pressure. I have to work 15 to 18 hours straight in a day I have attended claint calls and manage all operation and admin work.

Customer Service Executive in Tirupati

Human Resources Department

4.0

• posted on 03 Apr 2018

3.0

for Salary and Benefits

Likes

...s to ensure smooth flow of work. Induction, training programme for new products. Each individual can express their ideas related to cost cutting and work flow.

Skill development - Good

Dislikes

Here work pressure is very high. Sometimes you have to stretch your working hours. I do receive appreciation from managers and sales team. But they go unnoticed during year appreciations.

Promotions - Poor

Agency Development Manager in Kollam

Full Time

Sales & Business Development Department

1.0

• posted on 06 Feb 2025

2.0

for Salary and Benefits

Likes

Second Saturday and Sunday, third Saturday and Sundays are off. No other perks.

Dislikes

... from you. More than 5 persons already left the office with their toxic culture. Don't trust their words during interview they will give a package which is lesser than your current ctc and will give excuses as you will earn promotions in a fast track mode. nothing doing you will not meet their unrealistic targets. Hope my review will help future comers. thank you.

Salary - Poor

+6 more

Assistant Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 03 Feb 2025

2.0

for Salary and Benefits

Likes

The thing is like about max life insurance is salary credit is on time and 2nd and 3rd Saturday is also weekoff.

Dislikes

...they expect high level quality work from employees. Worst management and system. Field work also involved in the low salary. 2 field visit per day.

Salary - Poor

+5 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

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about 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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Max Life Insurance Advisor Salary FAQs

What is the salary of Advisor at Max Life Insurance Mumbai?

Advisor salary at Max Life Insurance in Mumbai ranges between ₹1.5 Lakhs to ₹4.5 Lakhs for experience between 1 years to 6 years. According to our estimates it is 28% less than the average Advisor Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Max Life Insurance Mumbai.

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

The average salary of a Advisor at Max Life Insurance is 28% less than the average salary of a Advisor in Mumbai. To know exact salary insights, login to view.

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

Strategic Planning, Distribution, Analytics, Sales and Business Planning are some of the popular skills required to work as a Advisor at Max Life Insurance Mumbai.

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

Gallagher Advisor Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
Life Insurance Corporation of India Advisor Salary - ₹1.2 Lakhs to ₹6.0 Lakhs per year
SBI Life Insurance Company Advisor Salary - ₹2.0 Lakhs to ₹4.0 Lakhs per year
ICICI Prudential Life Insurance Advisor Salary - ₹2.5 Lakhs to ₹3.6 Lakhs per year

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

ICICI Lombard General Insurance Company Advisor Salary - ₹1.8 Lakhs to ₹2.8 Lakhs per year

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

The estimated take-home salary of a Advisor at Max Life Insurance ranges between ₹22,071 per month to ₹23,553 per month in Mumbai. The take-home salary calculation is based on the average Max Life Insurance Advisor salary in India which ranges between ₹1.5 Lakhs to ₹4.5 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Max Life Insurance Advisors in Mumbai reported a notice period of 15 days or less.This is based on 4 responses on AmbitionBox in last 2 years.

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Max Life Insurance Advisor Salaries in Mumbai

Max Life Insurance Advisor salary in Mumbai ranges between ₹1.5 Lakh to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Max Life Insurance latest salaries received from various employees of Max Life Insurance.