Max Life Insurance Mumbai Associate Manager Salaries by 10 Employees (Updated 2025)

2 - 7 years exp.

₹2.5 Lakhs - ₹4.5 Lakhs

Salary of majority employees

78% less than the average Associate Manager Salary in Insurance Companies for 2 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Manager Salary 3 - 7 years exp. (4 salaries)	₹2.5 L/yr - ₹4.1 L/yr
Sales & Business Development Associate Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.1 L/yr
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Finance & Accounting Associate Manager Salary 4 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹4.1 L/yr
Marketing & Communication Associate Manager Salary 2 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.1 L/yr

Last Updated: 20 Dec 2024

Companies similar to Max Life Insurance for Associate Manager in Mumbai

Max Life Insurance Associate Manager Salary

2 - 7 years exp. (10 salaries)

₹2.5 L/yr - ₹4.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Associate Manager Salary 0 - 7 years exp. (20 salaries)	₹2 L/yr - ₹5.2 L/yr 1% more
HDFC Life Associate Manager Salary 0 - 12 years exp. (542 salaries)	₹2.5 L/yr - ₹7 L/yr 28% more	1 job opening
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Bajaj Allianz Life Insurance Associate Manager Salary 5 - 10 years exp. (4 salaries)	₹6.5 L/yr - ₹9.9 L/yr 103% more
Kotak Mahindara Life Insurance Associate Manager Salary 2 - 4 years exp. (3 salaries)	₹3.3 L/yr - ₹4.8 L/yr 2% more
ICICI Lombard General Insurance Company Associate Manager Salary 2 - 12 years exp. (22 salaries)	₹6.1 L/yr - ₹10 L/yr 128% more
HDFC Ergo General Insurance Associate Manager Salary 2 - 10 years exp. (5 salaries)	₹3 L/yr - ₹5.7 L/yr 14% more

Associate Manager salary at Max Life Insurance ranges between ₹2.5 Lakhs to ₹4.5 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 10 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Associate Manager salaries in Mumbai

Last Updated: 20 Dec 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.6 L/yr
3 years (3 salaries)	₹2.5 L/yr - ₹6.5 L/yr
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4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹6.6 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
6 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹7 L/yr
7 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹7.2 L/yr

View all

Similar Designation salaries in Max Life Insurance

Deputy Manager Salary

(70 salaries)

₹3.15 L/yr - ₹7.7 L/yr

Area Manager Salary

(28 salaries)

₹5 L/yr - ₹11.21 L/yr

Center Manager Salary

(23 salaries)

₹6.2 L/yr - ₹11.85 L/yr

Chief Manager Salary

(14 salaries)

₹12.6 L/yr - ₹30 L/yr

Financial Service Consultant Salary

(11 salaries)

₹2.9 L/yr - ₹4.35 L/yr

Aadm Salary

(9 salaries)

₹2.85 L/yr - ₹3.9 L/yr

Training Manager Salary

(9 salaries)

₹5 L/yr - ₹9.5 L/yr

Operations Executive Salary

(9 salaries)

₹1.2 L/yr - ₹3.24 L/yr

MIS Executive Salary

(8 salaries)

₹1.9 L/yr - ₹3.96 L/yr

Financial Advisor Salary

(5 salaries)

₹2.2 L/yr - ₹4.03 L/yr

Top skills at Max Life Insurance for Associate Manager

Banking Financial Services Penetration Channel Distribution Lead Generation

Salary related reviews for Max Life Insurance

3.2

Rated by 4 employees for salary & benefits

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

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

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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 Associate Manager Salary FAQs

What is the salary of Associate Manager at Max Life Insurance Mumbai?

Associate Manager salary at Max Life Insurance in Mumbai ranges between ₹2.5 Lakhs to ₹4.5 Lakhs for experience between 2 years to 7 years. According to our estimates it is 78% less than the average Associate Manager Salary in India. Salary estimates are based on 10 latest salaries received from various employees of Max Life Insurance Mumbai.

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

The average salary of a Associate Manager at Max Life Insurance is 78% less than the average salary of a Associate Manager in Mumbai. To know exact salary insights, login to view.

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

Banking, Financial Services, Penetration, Channel Distribution and Lead Generation are some of the popular skills required to work as a Associate Manager at Max Life Insurance Mumbai.

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

ICICI Lombard General Insurance Company Associate Manager Salary - ₹6.1 Lakhs to ₹10.0 Lakhs per year
Bajaj Allianz Life Insurance Associate Manager Salary - ₹6.5 Lakhs to ₹9.9 Lakhs per year
HDFC Life Associate Manager Salary - ₹2.5 Lakhs to ₹7.0 Lakhs per year
HDFC Ergo General Insurance Associate Manager Salary - ₹3.0 Lakhs to ₹5.7 Lakhs per year
Kotak Mahindara Life Insurance Associate Manager Salary - ₹3.3 Lakhs to ₹4.8 Lakhs per year

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

ICICI Prudential Life Insurance Associate Manager Salary - ₹2.0 Lakhs to ₹5.2 Lakhs per year

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

The estimated take-home salary of a Associate Manager at Max Life Insurance ranges between ₹27,378 per month to ₹28,782 per month in Mumbai. The take-home salary calculation is based on the average Max Life Insurance Associate Manager salary in India which ranges between ₹2.5 Lakhs to ₹4.5 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 Associate Manager at Max Life Insurance in Mumbai?

According to AmbitionBox, 50% of the Max Life Insurance Associate Managers in Mumbai reported a notice period of 1 Month, 25% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

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Max Life Insurance Associate Manager Salaries in Mumbai

Max Life Insurance Associate Manager salary in Mumbai ranges between ₹2.5 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Max Life Insurance latest salaries received from various employees of Max Life Insurance.