Max Life Insurance Banking Officer Salaries by 4 Employees (Updated 2025)

1 - 5 years exp.

₹2.4 Lakhs - ₹3.3 Lakhs

Low Confidence

Salary of majority employees

21% less than the average Banking Officer Salary in Insurance Companies for 1 - 5 years of experience

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Last Updated: 21 Oct 2023

Companies similar to Axis Max Life Insurance for Banking Officer

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Banking Officer Salary 1 - 6 years exp. (9 salaries)	₹2.7 L/yr - ₹3.5 L/yr At par
HDFC Life Banking Officer Salary 1 - 3 years exp. (3 salaries)	₹2.6 L/yr - ₹4 L/yr 16% less
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SBI Life Insurance Company Banking Officer Salary 0 - 6 years exp. (12 salaries)	₹0.8 L/yr - ₹6.4 L/yr 4% more
Bajaj Allianz Life Insurance Banking Officer Salary 1 - 3 years exp. (5 salaries)	₹2.3 L/yr - ₹3.3 L/yr 7% less
Kotak Mahindara Life Insurance Banking Officer Salary 0 - 1 year exp. (4 salaries)	₹0.4 L/yr - ₹8 L/yr 7% more
Reliance Nippon Life Insurance Banking Officer Salary 3 - 5 years exp. (4 salaries)	₹2.4 L/yr - ₹2.6 L/yr 24% less
Tata AIA Life Insurance Banking Officer Salary 0 - 7 years exp. (5 salaries)	₹2.6 L/yr - ₹4.5 L/yr 1% less
Life Insurance Corporation of India Banking Officer Salary 0 - 8 years exp. (4 salaries)	₹2.9 L/yr - ₹5 L/yr 25% more
ICICI Lombard General Insurance Company Banking Officer Salary 0 - 8 years exp. (6 salaries)	₹1.9 L/yr - ₹4.5 L/yr 6% less
SBI General Insurance Banking Officer Salary 1 - 3 years exp. (5 salaries)	₹1.4 L/yr - ₹3.1 L/yr 26% less
Cholamandalam MS General Insurance Banking Officer Salary 2 - 12 years exp. (3 salaries)	₹4.5 L/yr - ₹10 L/yr 103% more
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HDFC Ergo General Insurance Banking Officer Salary 1 - 3 years exp. (3 salaries)	₹2.4 L/yr - ₹3.3 L/yr 9% less

Banking Officer salary at Axis Max Life Insurance ranges between ₹2.4 Lakhs to ₹3.3 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Max Life Insurance Banking Officer salaries

Last Updated: 21 Oct 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.4 L/yr
2 years (AmbitionBox Estimate)	₹1 L/yr - ₹3.3 L/yr
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3 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹6 L/yr
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.8 L/yr

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Salary related reviews for Axis Max Life Insurance

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.

Salary - Bad

+6 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

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

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Axis Max Life Insurance Banking Officer Salary FAQs

What is the salary of Banking Officer at Max Life Insurance?

Banking Officer salary at Max Life Insurance in India ranges between ₹2.4 Lakhs to ₹3.3 Lakhs for experience between 1 years to 5 years. According to our estimates it is 21% less than the average Banking Officer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Max Life Insurance India.

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

The average salary of a Banking Officer at Max Life Insurance is 21% less than the average salary of a Banking Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than Max Life Insurance to a Banking Officer in India?

Cholamandalam MS General Insurance Banking Officer Salary - ₹4.5 Lakhs to ₹10.0 Lakhs per year
Life Insurance Corporation of India Banking Officer Salary - ₹2.9 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindara Life Insurance Banking Officer Salary - ₹0.4 Lakhs to ₹8.0 Lakhs per year
SBI Life Insurance Company Banking Officer Salary - ₹0.8 Lakhs to ₹6.4 Lakhs per year
ICICI Prudential Life Insurance Banking Officer Salary - ₹2.7 Lakhs to ₹3.5 Lakhs per year

What is the salary of a Banking Officer in companies similar to Max Life Insurance in India?

Tata AIA Life Insurance Banking Officer Salary - ₹2.6 Lakhs to ₹4.5 Lakhs per year
ICICI Lombard General Insurance Company Banking Officer Salary - ₹1.9 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz Life Insurance Banking Officer Salary - ₹2.3 Lakhs to ₹3.3 Lakhs per year
HDFC Ergo General Insurance Banking Officer Salary - ₹2.4 Lakhs to ₹3.3 Lakhs per year
HDFC Life Banking Officer Salary - ₹2.6 Lakhs to ₹4.0 Lakhs per year

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

The estimated take-home salary of a Banking Officer at Max Life Insurance ranges between ₹22,940 per month to ₹24,409 per month in India. The take-home salary calculation is based on the average Max Life Insurance Banking Officer salary in India which ranges between ₹2.4 Lakhs to ₹3.3 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Banking Officer at Max Life Insurance?

According to AmbitionBox, 50% of the Max Life Insurance Banking Officers reported a notice period of 1 Month, 25% reported a notice period of 2 Months 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 Banking Officer Salaries

Axis Max Life Insurance Banking Officer salary in India ranges between ₹2.4 Lakhs to ₹3.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.