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Axis Max Life Insurance Associate Manager salaries in India (Updated 2025)

Annual salary range
1 - 8 years exp.
₹2.3 Lakhs - ₹6 Lakhs
Salary of majority employees
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75% less than the average Associate Manager Salary in Insurance Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Associate Manager Salary
1 - 7 years exp. (48 salaries)
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₹2.4 L/yr - ₹5.8 L/yr

Sales & Business Development
Associate Manager Salary
1 - 8 years exp. (40 salaries)
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₹2.7 L/yr - ₹5.5 L/yr

Customer Success, Service & Operations
Associate Manager Salary
1 - 8 years exp. (19 salaries)
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₹2.3 L/yr - ₹4.8 L/yr

Finance & Accounting
Associate Manager Salary
2 - 8 years exp. (10 salaries)
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₹2.8 L/yr - ₹6 L/yr

Marketing & Communication
Associate Manager Salary
1 - 4 years exp. (5 salaries)
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₹2.8 L/yr - ₹4 L/yr

View all

Last Updated: 19 Mar 2025

Companies similar to Axis Max Life Insurance for Associate Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Associate Manager Salary

0 - 12 years exp. (842 salaries)

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₹2.5 L/yr - ₹7 L/yr

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1 job opening
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₹2 L/yr - ₹6 L/yr

arrow icon 2% less
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₹5.8 L/yr - ₹12.1 L/yr

arrow icon 120% more
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₹2.6 L/yr - ₹8.5 L/yr

arrow icon 25% more
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₹1.9 L/yr - ₹4.8 L/yr

arrow icon 6% less
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₹5.1 L/yr - ₹10 L/yr

arrow icon 103% more
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MetLife Associate Manager Salary

8 - 11 years exp. (8 salaries)

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₹13 L/yr - ₹34 L/yr

arrow icon 645% more
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₹2.5 L/yr - ₹6.3 L/yr

arrow icon 5% less
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₹2.1 L/yr - ₹4 L/yr

arrow icon 10% less
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₹2.3 L/yr - ₹3.5 L/yr

arrow icon 26% less
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₹3.6 L/yr - ₹7.3 L/yr

arrow icon 44% more
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₹2.7 L/yr - ₹7.3 L/yr

arrow icon 36% more
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Gallagher Associate Manager Salary

11 - 12 years exp. (4 salaries)

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₹16 L/yr - ₹22 L/yr

arrow icon 367% more
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₹4.5 L/yr - ₹6.6 L/yr

arrow icon 48% more
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₹2 L/yr - ₹3.4 L/yr

arrow icon 29% less
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PNB MetLife Associate Manager Salary

3 - 9 years exp. (4 salaries)

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₹2.8 L/yr - ₹13 L/yr

arrow icon 76% more
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₹4.3 L/yr - ₹6 L/yr

arrow icon 37% more
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AXA Associate Manager Salary

8 - 10 years exp. (3 salaries)

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₹8.4 L/yr - ₹13.5 L/yr

arrow icon 197% more
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₹2.4 L/yr - ₹7.8 L/yr

arrow icon 48% more
Associate Manager salary at Axis Max Life Insurance ranges between ₹2.3 Lakhs to ₹6 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 176 latest salaries received from various employees of Axis Max Life Insurance.

Latest annual salaries shared by Axis Max Life Insurance Associate Manager

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Experience wise Axis Max Life Insurance Associate Manager salaries

Last Updated: 19 Mar 2025

Experience Avg Annual Salary
1 year  (18 salaries)

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₹2.5 L/yr - ₹4.2 L/yr
2 years  (27 salaries)

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₹2.4 L/yr - ₹4.1 L/yr
3 years  (39 salaries)

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₹2.3 L/yr - ₹4.8 L/yr
4 years  (31 salaries)

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₹2.5 L/yr - ₹5 L/yr
5 years  (30 salaries)

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₹2.5 L/yr - ₹6 L/yr
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Similar Designation salaries in Axis Max Life Insurance

Project Manager Salary
(22 salaries)
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₹5.12 L/yr - ₹17 L/yr
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₹2.4 L/yr - ₹4.2 L/yr
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₹4.6 L/yr - ₹15 L/yr
Test Lead Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr
Technical Lead Salary
(5 salaries)
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₹20.5 L/yr - ₹33 L/yr
Senior Engineer Salary
(AmbitionBox Estimate)
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₹7.4 L/yr - ₹9.4 L/yr
Lead Engineer Salary
(AmbitionBox Estimate)
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₹18.5 L/yr - ₹23.6 L/yr
Team Lead Salary
(21 salaries)
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₹2.6 L/yr - ₹9 L/yr
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₹2.05 L/yr - ₹5 L/yr
Technical Architect Salary
(AmbitionBox Estimate)
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₹38.3 L/yr - ₹48.9 L/yr

Top skills at Axis Max Life Insurance for Associate Manager

Banking Financial Services Penetration Channel Distribution Lead Generation

Salary related reviews for Axis Max Life Insurance

4.4

Rated by 44 employees for salary & benefits

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.

read more
  • Salary - Poor
  • +6 more

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.

read more

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.

read more
  • Salary - Poor
  • +5 more

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

read more
  • Company culture - Poor
  • +1 more

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.

read more
  • Salary - Bad
  • +5 more

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.

read more
  • Salary - Poor
  • +6 more
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Axis Max Life Insurance Associate Manager Salary FAQs

What is the salary of Associate Manager at Axis Max Life Insurance ?
The average salary of a Associate Manager at Axis Max Life Insurance in India typically ranges from ₹2.3 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Associate Manager at Axis Max Life Insurance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹5.9 Lakhs per year. Associate 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 100+ Axis Max Life Insurance employees in India.
What is the estimated take home salary of a Associate Manager at Axis Max Life Insurance in India?
The estimated take-home salary of a Associate Manager at Axis Max Life Insurance in India typically ranges from ₹28,536 to ₹29,922 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 1 year to 8 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 100+ 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 Associate Manager at Axis Max Life Insurance ?
To be a Associate Manager at Axis Max Life Insurance in india, the key skills required include:

  • - Banking
  • - Financial Services
  • - Penetration
  • - Channel Distribution
  • - Lead Generation

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 Associate Manager in India?
MetLife ₹13.0 Lakhs to ₹34.0 Lakhs per year
Gallagher ₹16.0 Lakhs to ₹22.0 Lakhs per year
AXA ₹8.4 Lakhs to ₹13.5 Lakhs per year
ICICI Lombard General Insurance Company ₹5.8 Lakhs to ₹12.1 Lakhs per year
Bajaj Allianz Life Insurance ₹5.1 Lakhs to ₹10.0 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.
What is the salary of a Associate Manager in companies similar to Axis Max Life Insurance in India?
The salary of a Associate Manager at companies similar to Axis Max Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

PNB MetLife ₹2.8 Lakhs to ₹13.0 Lakhs per year
Star Health & Allied Insurance ₹2.4 Lakhs to ₹7.8 Lakhs per year
SBI General Insurance ₹4.5 Lakhs to ₹6.6 Lakhs per year
Bajaj Allianz General Insurance ₹3.6 Lakhs to ₹7.3 Lakhs per year
Reliance Nippon Life Insurance ₹4.3 Lakhs to ₹6.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Associate Manager at Axis Max Life Insurance in India?
The salary growth for a Associate Manager at Axis Max Life Insurance depends on factors such as experience, performance, and promotions. On average, a Associate Manager can expect the following growth trajectory at Axis Max Life Insurance:

Experience Average Salary Range
1 year ₹2.5 Lakhs to ₹4.2 Lakhs per year
2 years ₹2.4 Lakhs to ₹4.1 Lakhs per year
3 years ₹2.3 Lakhs to ₹4.8 Lakhs per year
4 years ₹2.5 Lakhs to ₹5.0 Lakhs per year
and so on.

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Axis Max Life Insurance Associate Manager salary in India ranges between ₹2.3 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 176 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.