Max Life Insurance Mumbai ASM Salaries by 7 Employees (Updated 2025)

2 - 7 years exp.

₹2.9 Lakhs - ₹4 Lakhs

Salary of majority employees

49% less than the average ASM Salary in Insurance Companies for 2 - 7 years of experience

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Salaries in different departments

Customer Success, Service & Operations ASM Salary 2 - 6 years exp. (3 salaries)	₹2.9 L/yr - ₹4.1 L/yr
BFSI, Investments & Trading ASM Salary 3 - 7 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹3.5 L/yr
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Sales & Business Development ASM Salary 3 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.1 L/yr

Last Updated: 26 Apr 2023

Companies similar to Max Life Insurance for ASM in Mumbai

Max Life Insurance ASM Salary

2 - 7 years exp. (7 salaries)

₹2.9 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
Samsung ASM Salary 10 - 14 years exp. (9 salaries)	₹15 L/yr - ₹22 L/yr 411% more
IndusInd Bank ASM Salary 0 - 14 years exp. (6 salaries)	₹1.5 L/yr - ₹11.3 L/yr 68% more
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Reliance Retail ASM Salary 8 - 11 years exp. (5 salaries)	₹5 L/yr - ₹7 L/yr 46% more
Johnson Controls Hitachi Air Conditioning ASM Salary 12 - 15 years exp. (4 salaries)	₹16.7 L/yr - ₹17 L/yr 349% more
Classic Marble Company ASM Salary 12 - 16 years exp. (4 salaries)	₹6.3 L/yr - ₹8 L/yr 87% more

ASM salary at Max Life Insurance ranges between ₹2.9 Lakhs to ₹4 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 7 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance ASM salaries in Mumbai

Last Updated: 26 Apr 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹6.5 L/yr
3 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4 L/yr
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4 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.8 L/yr
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.7 L/yr
6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹6.8 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.9 L/yr

View all

Similar Designation salaries in Max Life Insurance

Agency Development Manager Salary

(120 salaries)

₹2.4 L/yr - ₹6.5 L/yr

Associate Sales Manager Salary

(73 salaries)

₹2.5 L/yr - ₹4.95 L/yr

Sales Manager Salary

(69 salaries)

₹2.3 L/yr - ₹6 L/yr

Associate Agency Development Manager Salary

(68 salaries)

₹2.25 L/yr - ₹4.5 L/yr

Deputy Cluster Manager Salary

(47 salaries)

₹3.95 L/yr - ₹6.5 L/yr

Relationship Manager Salary

(33 salaries)

₹2 L/yr - ₹7.03 L/yr

Assistant Sales Manager Salary

(20 salaries)

₹2.5 L/yr - ₹4.5 L/yr

Cluster Manager Salary

(20 salaries)

₹5.06 L/yr - ₹13.86 L/yr

Senior Relationship Manager Salary

(18 salaries)

₹4 L/yr - ₹9 L/yr

Business Development Manager Salary

(13 salaries)

₹4 L/yr - ₹7 L/yr

Salary related reviews for Max Life Insurance

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

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

Agency Development Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 16 Sep 2023

5.0

for Salary and Benefits

Likes

Pay and perk is good. Promotion opportunities are really good.

Salary - Excellent

+2 more

Dislikes

No support from Seniors. No discipline, only they need result even if you are new. They will start poking you and also not ready to support you.

Agency Development Manager in Pune

Full Time

Sales & Business Development Department

2.0

• posted on 30 Nov 2022

1.0

for Salary and Benefits

Likes

Good Local management, training program also good.

Dislikes

Fake commitment from hr department before joining about in hand salary, After joining totally different in hand salary coming. When I talk zonal hr she is not giving a proper solution. Also they are sending employees for field work but they are not paying petrol expenses to employees. Means you have not earn anything in your take home salary hike. Hr department is to much confused and roude. Saturday Sunday working. Also daily 9.30 to 8.00 timing average. Means no work life balance. Also you can develop advisor from your own contact and relations. Company don't have any data.

Salary - Bad

+4 more

Sales Manager in New Delhi

Full Time

Sales Department

2.0

• posted on 26 Nov 2022

2.0

for Salary and Benefits

Likes

...hing About Likes and dislike as company is not my Girlfriend or spouse to love There is only one rule once you perform for any company company will pay. Once you are not favourite for your manager you have to leave the company. No employee want to change the job real truth is employee change their manager.

Salary - Poor

+6 more

see more salary related reviews

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What people are saying about 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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Max Life Insurance ASM Salary FAQs

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

ASM salary at Max Life Insurance in Mumbai ranges between ₹2.9 Lakhs to ₹4.0 Lakhs for experience between 2 years to 7 years. According to our estimates it is 49% less than the average ASM Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Max Life Insurance Mumbai.

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

The average salary of a ASM at Max Life Insurance is 49% less than the average salary of a ASM in Mumbai. To know exact salary insights, login to view.

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

Samsung ASM Salary - ₹15.0 Lakhs to ₹22.0 Lakhs per year
Johnson Controls Hitachi Air Conditioning ASM Salary - ₹16.7 Lakhs to ₹17.0 Lakhs per year
Classic Marble Company ASM Salary - ₹6.3 Lakhs to ₹8.0 Lakhs per year
IndusInd Bank ASM Salary - ₹1.5 Lakhs to ₹11.3 Lakhs per year
Reliance Retail ASM Salary - ₹5.0 Lakhs to ₹7.0 Lakhs per year

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

The estimated take-home salary of a ASM at Max Life Insurance ranges between ₹27,399 per month to ₹28,802 per month in Mumbai. The take-home salary calculation is based on the average Max Life Insurance ASM salary in India which ranges between ₹2.9 Lakhs to ₹4.0 Lakhs per year for employees with experience between 2 years to 7 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Max Life Insurance ASMs in Mumbai reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Max Life Insurance ASM Salaries in Mumbai

Max Life Insurance ASM salary in Mumbai ranges between ₹2.9 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Max Life Insurance latest salaries received from various employees of Max Life Insurance.