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Axis Max Life Insurance Business Analyst salaries in India (Updated 2025)

Annual salary range
2 - 9 years exp.
₹3 Lakhs - ₹11.6 Lakhs
Salary of majority employees
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33% less than the average Business Analyst Salary in Insurance Companies for 2 - 9 years of experience

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Salaries in different departments

Data Science & Analytics
Business Analyst Salary
2 - 9 years exp. (18 salaries)
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₹3.8 L/yr - ₹12 L/yr

BFSI, Investments & Trading
Business Analyst Salary
3 - 6 years exp. (3 salaries)
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₹5 L/yr - ₹6.7 L/yr

Consulting
Business Analyst Salary
4 - 6 years exp. (3 salaries)
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₹5.2 L/yr - ₹7 L/yr

Engineering - Hardware & Networks
Business Analyst Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹4.6 L/yr - ₹6.5 L/yr

Engineering - Software & QA
Business Analyst Salary
2 - 5 years exp. (AmbitionBox Estimate)
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₹4.8 L/yr - ₹7.9 L/yr

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Last Updated: 28 Jan 2025

Companies similar to Axis Max Life Insurance for Business Analyst

Company name Avg Annual Salary Open Jobs
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₹4 L/yr - ₹13.8 L/yr

arrow icon 26% more
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HDFC Life Business Analyst Salary

1 - 8 years exp. (69 salaries)

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₹3.2 L/yr - ₹12 L/yr

arrow icon 16% more
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MetLife Business Analyst Salary

1 - 9 years exp. (62 salaries)

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₹2.9 L/yr - ₹9 L/yr

arrow icon 8% less
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₹3 L/yr - ₹11.7 L/yr

arrow icon 9% more
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₹4.1 L/yr - ₹16.4 L/yr

arrow icon 40% more
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Allianz Business Analyst Salary

2 - 8 years exp. (36 salaries)

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₹5 L/yr - ₹18.3 L/yr

arrow icon 60% more
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Gallagher Business Analyst Salary

2 - 9 years exp. (33 salaries)

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₹2.8 L/yr - ₹12 L/yr

arrow icon 5% more
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₹4.2 L/yr - ₹13 L/yr

arrow icon 28% more
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₹4.5 L/yr - ₹15.6 L/yr

arrow icon 43% more
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₹2.1 L/yr - ₹8.9 L/yr

arrow icon 8% less
1 job opening
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Tata AIA Life Insurance Business Analyst Salary

4 - 10 years exp. (25 salaries)

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₹4 L/yr - ₹13.3 L/yr

arrow icon 30% more
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₹3.9 L/yr - ₹15.5 L/yr

arrow icon 33% more
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AIG Business Analyst Salary

0 - 11 years exp. (19 salaries)

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₹4.4 L/yr - ₹10.6 L/yr

arrow icon 30% more
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₹4.1 L/yr - ₹16.4 L/yr

arrow icon 41% more
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₹5 L/yr - ₹14.5 L/yr

arrow icon 59% more
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SBI General Insurance Business Analyst Salary

1 - 6 years exp. (15 salaries)

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₹4 L/yr - ₹12 L/yr

arrow icon 28% more
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₹7.5 L/yr - ₹18.5 L/yr

arrow icon 84% more
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₹4 L/yr - ₹11.3 L/yr

arrow icon 1% less
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PNB MetLife Business Analyst Salary

4 - 13 years exp. (6 salaries)

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₹5 L/yr - ₹8 L/yr

arrow icon 1% more
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₹5.2 L/yr - ₹8 L/yr

arrow icon 2% less
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Business Analyst salary at Axis Max Life Insurance ranges between ₹3 Lakhs to ₹11.6 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 39 latest salaries received from various employees of Axis Max Life Insurance.

Latest annual salaries shared by Axis Max Life Insurance Business Analyst

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Experience wise Axis Max Life Insurance Business Analyst salaries

Last Updated: 28 Jan 2025

Experience Avg Annual Salary
2 years  (8 salaries)

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₹3.8 L/yr - ₹10 L/yr
3 years  (5 salaries)

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₹4 L/yr - ₹10.6 L/yr
4 years  (10 salaries)

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₹3 L/yr - ₹9 L/yr
5 years  (9 salaries)

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₹5.1 L/yr - ₹10.5 L/yr
6 years  (4 salaries)

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₹3.5 L/yr - ₹10.6 L/yr
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Similar Designation salaries in Axis Max Life Insurance

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₹9 L/yr - ₹12.25 L/yr
Research Analyst Salary
(AmbitionBox Estimate)
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₹3.4 L/yr - ₹4.4 L/yr
Senior Analyst Salary
(12 salaries)
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₹5.8 L/yr - ₹18.01 L/yr
Data Analyst Salary
(19 salaries)
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₹3 L/yr - ₹7.5 L/yr
Analyst Salary
(14 salaries)
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₹2.65 L/yr - ₹12.5 L/yr
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₹4 L/yr - ₹6.7 L/yr
Team Lead Salary
(21 salaries)
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₹2.6 L/yr - ₹9 L/yr
Data Scientist Salary
(8 salaries)
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₹9.5 L/yr - ₹17 L/yr
Project Manager Salary
(22 salaries)
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₹5.12 L/yr - ₹17 L/yr
Lead Consultant Salary
(AmbitionBox Estimate)
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₹6.5 L/yr - ₹8.3 L/yr

Top skills at Axis Max Life Insurance for Business Analyst

Business Analysis Automation Business Strategy Information Technology Brd Resource management Requirement Gathering Management Stakeholder Management Dashboards Prototype FRD Cost Content Management Performance Tuning

Salary related reviews for Axis Max Life Insurance

2.4

Rated by 4 employees for salary & benefits

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

 · 

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.

read more

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.

read more
  • Salary - Bad
  • +6 more

Sales & Business Development Department

1.0
  •  posted on 05 Feb 2022

1.0
 for  Salary and Benefits

Likes

... after that also your job never be secured. And boss behaviour is very pathetic. They hold salary also. Very bad experience.

read more

Dislikes

  • Salary - Bad
  • Job security - Bad
  • +4 more

Marketing & Communication Department

5.0
  •  posted on 12 Apr 2021

5.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

No

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
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Axis Max Life Insurance Business Analyst Salary FAQs

What is the salary of Business Analyst at Axis Max Life Insurance ?
The average salary of a Business Analyst at Axis Max Life Insurance in India typically ranges from ₹3.0 Lakhs to ₹11.6 Lakhs per year, depending on experience (from 2 years to 9 years).

The top 10% of Business Analyst at Axis Max Life Insurance earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Business Analyst 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 30+ Axis Max Life Insurance employees in India.
What is the estimated take home salary of a Business Analyst at Axis Max Life Insurance in India?
The estimated take-home salary of a Business Analyst at Axis Max Life Insurance in India typically ranges from ₹50,001 to ₹51,181 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹11.6 Lakhs per year for employees with experience ranging from 2 years to 9 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 30+ 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 Business Analyst at Axis Max Life Insurance ?
To be a Business Analyst at Axis Max Life Insurance in india, the key skills required include:

  • - Business Analysis
  • - Automation
  • - Business Strategy
  • - Information Technology
  • - Brd

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 Business Analyst in India?
Star Union Dai-ichi Life Insurance ₹5.6 Lakhs to ₹18.0 Lakhs per year
Magma HDI General Insurance ₹11.5 Lakhs to ₹13.8 Lakhs per year
Cholamandalam MS General Insurance ₹7.5 Lakhs to ₹18.5 Lakhs per year
Allianz ₹5.0 Lakhs to ₹18.3 Lakhs per year
Star Health & Allied Insurance ₹5.0 Lakhs to ₹14.5 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 Business Analyst in companies similar to Axis Max Life Insurance in India?
The salary of a Business Analyst 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:

HDFC Ergo General Insurance ₹4.5 Lakhs to ₹15.6 Lakhs per year
Aditya Birla Sun Life Insurance ₹4.1 Lakhs to ₹16.4 Lakhs per year
Bajaj Allianz Life Insurance ₹4.1 Lakhs to ₹16.4 Lakhs per year
Royal Sundaram General Insurance ₹3.9 Lakhs to ₹15.5 Lakhs per year
Tata AIA Life Insurance ₹4.0 Lakhs to ₹13.3 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 Business Analyst at Axis Max Life Insurance in India?
The salary growth for a Business Analyst at Axis Max Life Insurance depends on factors such as experience, performance, and promotions. On average, a Business Analyst can expect the following growth trajectory at Axis Max Life Insurance:

Experience Average Salary Range
2 years ₹3.8 Lakhs to ₹10.0 Lakhs per year
3 years ₹4.0 Lakhs to ₹10.6 Lakhs per year
4 years ₹3.0 Lakhs to ₹9.0 Lakhs per year
5 years ₹5.1 Lakhs to ₹10.5 Lakhs per year
and so on.

Tell us how to improve this page.

Axis Max Life Insurance Business Analyst salary in India ranges between ₹3 Lakhs to ₹11.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 39 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.