Axis Max Life Insurance Banking Officer Salaries by 4 Employees

1 - 5 years exp.

₹2.4 Lakhs - ₹3.3 Lakhs

Low Confidence

Salary of majority employees

20% less than the average Banking Officer Salary in Insurance Companies for 1 - 5 years of experience

Interested in this particular role?

Last Updated: 21 Oct 2023

Companies similar to Axis Max Life Insurance for Banking Officer

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Banking Officer Salary 0 - 6 years exp. (12 salaries)	₹0.8 L/yr - ₹6.4 L/yr 4% more
ICICI Prudential Life Insurance Banking Officer Salary 1 - 6 years exp. (9 salaries)	₹2.7 L/yr - ₹3.5 L/yr At par
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ICICI Lombard General Insurance Company Banking Officer Salary 0 - 8 years exp. (6 salaries)	₹1.9 L/yr - ₹4.5 L/yr 6% less
Tata AIA Life Insurance Banking Officer Salary 0 - 7 years exp. (5 salaries)	₹2.6 L/yr - ₹4.5 L/yr 1% less
SBI General Insurance Banking Officer Salary 1 - 3 years exp. (5 salaries)	₹1.4 L/yr - ₹3.1 L/yr 26% less
Bajaj Allianz Life Insurance Banking Officer Salary 1 - 4 years exp. (5 salaries)	₹2.3 L/yr - ₹3.3 L/yr 7% less
Reliance Nippon Life Insurance Banking Officer Salary 3 - 6 years exp. (4 salaries)	₹2.4 L/yr - ₹2.6 L/yr 24% less
Life Insurance Corporation of India Banking Officer Salary 0 - 8 years exp. (4 salaries)	₹2.9 L/yr - ₹5 L/yr 25% more
PNB MetLife Banking Officer Salary 1 - 3 years exp. (4 salaries)	₹1.7 L/yr - ₹3 L/yr 28% less
Kotak Mahindara Life Insurance Banking Officer Salary 0 - 2 years exp. (4 salaries)	₹0.4 L/yr - ₹8 L/yr 7% more
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
HDFC Life Banking Officer Salary 1 - 3 years exp. (5 salaries)	₹2.5 L/yr - ₹4 L/yr 18% 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 Axis 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

see more salary related reviews

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Axis Max Life Insurance Banking Officer Salary FAQs

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

The average salary of a Banking Officer at Axis Max Life Insurance in India typically ranges from ₹2.4 Lakhs to ₹3.3 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Banking Officer at Axis Max Life Insurance earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹3.3 Lakhs per year. Banking Officer 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 4 Axis Max Life Insurance employees in India.

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

The estimated take-home salary of a Banking Officer at Axis Max Life Insurance in India typically ranges from ₹22,940 to ₹24,409 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹3.3 Lakhs per year for employees with experience ranging from 1 year to 5 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 4 salaries received from various employees of Axis Max Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Axis Max Life Insurance for Banking Officer in India?

Cholamandalam MS General Insurance	₹4.5 Lakhs to ₹10.0 Lakhs per year
Life Insurance Corporation of India	₹2.9 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindara Life Insurance	₹0.4 Lakhs to ₹8.0 Lakhs per year
SBI Life Insurance Company	₹0.8 Lakhs to ₹6.4 Lakhs per year
ICICI Prudential Life Insurance	₹2.7 Lakhs to ₹3.5 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 Banking Officer in companies similar to Axis Max Life Insurance in India?

The salary of a Banking Officer 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:

Tata AIA Life Insurance	₹2.6 Lakhs to ₹4.5 Lakhs per year
ICICI Lombard General Insurance Company	₹1.9 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz Life Insurance	₹2.3 Lakhs to ₹3.3 Lakhs per year
HDFC Ergo General Insurance	₹2.4 Lakhs to ₹3.3 Lakhs per year
HDFC Life	₹2.5 Lakhs to ₹4.0 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 Banking Officer at Axis Max Life Insurance in India?

The salary growth for a Banking Officer at Axis Max Life Insurance depends on factors such as experience, performance, and promotions. On average, a Banking Officer can expect the following growth trajectory at Axis Max Life Insurance:

Experience	Average Salary Range
1 year	₹2.4 Lakhs to ₹2.4 Lakhs per year
2 years	₹1.0 Lakhs to ₹3.3 Lakhs per year
3 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
4 years	₹2.6 Lakhs to ₹6.0 Lakhs per year

and so on.

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Axis 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.