Axis Max Life Insurance Business Development Associate Salaries by 6 Employees

4 - 7 years exp.

₹3.5 Lakhs - ₹4.9 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

22% less than the average Business Development Associate Salary in Insurance Companies for 4 - 7 years of experience

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Last Updated: 1 Jul 2024

Companies similar to Axis Max Life Insurance for Business Development Associate

Company name	Avg Annual Salary	Open Jobs
Star Union Dai-ichi Life Insurance Business Development Associate Salary 2 - 8 years exp. (67 salaries)	₹2.4 L/yr - ₹4.4 L/yr 16% less
SBI General Insurance Business Development Associate Salary 0 - 6 years exp. (47 salaries)	₹1.9 L/yr - ₹3.5 L/yr 38% less
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ICICI Lombard General Insurance Company Business Development Associate Salary 0 - 3 years exp. (6 salaries)	₹2.5 L/yr - ₹4.7 L/yr 12% less
ICICI Prudential Life Insurance Business Development Associate Salary 0 - 2 years exp. (5 salaries)	₹3 L/yr - ₹4.7 L/yr 10% less
HDFC Life Business Development Associate Salary 0 - 6 years exp. (5 salaries)	₹2.3 L/yr - ₹8 L/yr 9% more
Tata AIA Life Insurance Business Development Associate Salary 0 - 11 years exp. (4 salaries)	₹2.5 L/yr - ₹5 L/yr 12% less
Bajaj Allianz Life Insurance Business Development Associate Salary Fresher (4 salaries)	₹1 L/yr - ₹4 L/yr 33% less
SBI Life Insurance Company Business Development Associate Salary 0 - 6 years exp. (4 salaries)	₹2.3 L/yr - ₹4.5 L/yr 19% less
Kotak Mahindara Life Insurance Business Development Associate Salary 1 - 11 years exp. (4 salaries)	₹4 L/yr - ₹11 L/yr 33% more
Life Insurance Corporation of India Business Development Associate Salary 2 - 15 years exp. (3 salaries)	₹3 L/yr - ₹12 L/yr 89% more
Cholamandalam MS General Insurance Business Development Associate Salary 5 - 7 years exp. (3 salaries)	₹4 L/yr - ₹7.2 L/yr 19% more
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Star Health & Allied Insurance Business Development Associate Salary 0 - 1 year exp. (3 salaries)	₹2.1 L/yr - ₹3 L/yr 43% less

Business Development Associate salary at Axis Max Life Insurance ranges between ₹3.5 Lakhs to ₹4.9 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 6 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Axis Max Life Insurance Business Development Associate salaries

Last Updated: 1 Jul 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹4.9 L/yr
5 years (AmbitionBox Estimate)	₹4 L/yr - ₹4.8 L/yr
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6 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.8 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.1 L/yr

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Senior Business Development Executive Salary

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Inside Sales Executive Salary

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Salary related reviews for Axis Max Life Insurance

3.4

Rated by 4 employees for salary & benefits

Sales Manager in New Delhi

Full Time

Sales Department

2.0

• posted on 26 Nov 2022

2.0

for Salary and Benefits

Likes

...hing About Likes and dislike as company is not my Girlfriend or spouse to love There is only one rule once you perform for any company company will pay. Once you are not favourite for your manager you have to leave the company. No employee want to change the job real truth is employee change their manager.

Salary - Poor

+6 more

Business Development Manager in Meerut

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.

Dislikes

Salary - Bad
Job security - Bad

+4 more

Business Development Manager in Tirunelveli

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.

Salary - Excellent

+6 more

Dislikes

Business Executive in New Delhi

Operations team Department

4.0

• posted on 26 Sep 2017

3.0

for Salary and Benefits

Likes

My teammates of banca channel that includes training team,operation team ,sales team all were cooperative,i got a very comfortable environment over there and want to work in furure as well.. company give opportunities to earn good amount of money and even tours by arranging contest..

Skill development - Excellent

+3 more

Dislikes

They dont concern about backend team,company is more concerned about sales team and they dont even pay attention on salary hikes thats backend team deserves..

Sales Manager in Gurgaon / Gurugram

BFSI, Investments & Trading Department

4.0

• posted on 21 Sep 2019

4.0

for Salary and Benefits

Likes

Its a good company to work with and a good pay master but unfortunately hardly give time for family.

Salary - Good

+4 more

Dislikes

They dont give time for family. Although they keep saying good things to devote time with family but they dont let you spend time. Worked even 7 days a week till 2:30 A.M

see more salary related reviews

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Axis Max Life Insurance Business Development Associate Salary FAQs

What is the salary of Business Development Associate at Axis Max Life Insurance ?

The average salary of a Business Development Associate at Axis Max Life Insurance in India typically ranges from ₹3.5 Lakhs to ₹4.9 Lakhs per year, depending on experience (from 4 years to 7 years).

The top 10% of Business Development Associate at Axis Max Life Insurance earn more than ₹4.9 Lakhs per year, and the top 1% earn over ₹4.9 Lakhs per year. Business Development Associate 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 6 Axis Max Life Insurance employees in India.

What is the estimated take home salary of a Business Development Associate at Axis Max Life Insurance in India?

The estimated take-home salary of a Business Development Associate at Axis Max Life Insurance in India typically ranges from ₹32,779 to ₹34,052 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹4.9 Lakhs per year for employees with experience ranging from 4 years to 7 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 6 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 Business Development Associate in India?

Life Insurance Corporation of India	₹3.0 Lakhs to ₹12.0 Lakhs per year
Kotak Mahindara Life Insurance	₹4.0 Lakhs to ₹11.0 Lakhs per year
Cholamandalam MS General Insurance	₹4.0 Lakhs to ₹7.2 Lakhs per year
HDFC Life	₹2.3 Lakhs to ₹8.0 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 Business Development Associate in companies similar to Axis Max Life Insurance in India?

The salary of a Business Development Associate 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:

ICICI Prudential Life Insurance	₹3.0 Lakhs to ₹4.7 Lakhs per year
ICICI Lombard General Insurance Company	₹2.5 Lakhs to ₹4.7 Lakhs per year
Tata AIA Life Insurance	₹2.5 Lakhs to ₹5.0 Lakhs per year
Star Union Dai-ichi Life Insurance	₹2.4 Lakhs to ₹4.4 Lakhs per year
SBI Life Insurance Company	₹2.3 Lakhs to ₹4.5 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 Development Associate at Axis Max Life Insurance in India?

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

Experience	Average Salary Range
4 years	₹4.5 Lakhs to ₹4.9 Lakhs per year
5 years	₹4.0 Lakhs to ₹4.8 Lakhs per year
6 years	₹1.7 Lakhs to ₹4.8 Lakhs per year
7 years	₹3.5 Lakhs to ₹7.1 Lakhs per year

and so on.

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Axis Max Life Insurance Business Development Associate Salaries

Axis Max Life Insurance Business Development Associate salary in India ranges between ₹3.5 Lakhs to ₹4.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.