Axis Max Life Insurance Ludhiana Business Development Manager Salaries by 5 Employees

5 - 8 years exp.

₹3.8 Lakhs - ₹6.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

12% less than the average Business Development Manager Salary in Insurance Companies for 5 - 8 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

Sales & Business Development Business Development Manager Salary 5 - 8 years exp. (3 salaries)	₹3.8 L/yr - ₹5.5 L/yr
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BFSI, Investments & Trading Business Development Manager Salary 5 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹5.6 L/yr

Last Updated: 9 Nov 2024

Companies similar to Axis Max Life Insurance for Business Development Manager in Ludhiana

Axis Max Life Insurance Business Development Manager Salary

5 - 8 years exp. (5 salaries)

₹3.8 L/yr - ₹6.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Ceasefire Industries Business Development Manager Salary 2 - 8 years exp. (13 salaries)	₹3 L/yr - ₹5.5 L/yr 13% less	1 job opening
Mahindra Logistics Business Development Manager Salary 2 - 11 years exp. (9 salaries)	₹4.4 L/yr - ₹7.8 L/yr 22% more	1 job opening
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Udaan Business Development Manager Salary 4 - 6 years exp. (5 salaries)	₹2.7 L/yr - ₹5 L/yr 9% less
Durian Industries Business Development Manager Salary 4 - 13 years exp. (5 salaries)	₹4.5 L/yr - ₹6.5 L/yr 19% more
Regalo Kitchens Business Development Manager Salary 1 - 6 years exp. (5 salaries)	₹6 L/yr - ₹8.5 L/yr 46% more	5 job openings

Business Development Manager salary at Axis Max Life Insurance ranges between ₹3.8 Lakhs to ₹6.5 Lakhs per year for employees with experience between 5 years to 8 years. Salary estimates are based on 5 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Axis Max Life Insurance Business Development Manager salaries in Ludhiana

Last Updated: 9 Nov 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
6 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹5.9 L/yr
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7 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
8 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr

Similar Designation salaries in Axis Max Life Insurance

Cluster Manager Salary

(4 salaries)

₹9 L/yr - ₹11.7 L/yr

Area Head Salary

(3 salaries)

₹8 L/yr - ₹10.35 L/yr

Top skills at Axis Max Life Insurance for Business Development Manager

Recruitment Management Sales Promotion Networking IRDA Monitoring IRDA Relationship Building Team Development Relationship Building Recruitment CCTV Monitoring Sales Promotion Team Development Computer Networking

Salary related reviews for Axis Max Life Insurance

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

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

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

Branch Manager

Sales BD Department

5.0

• posted on 21 Dec 2018

5.0

for Salary and Benefits

Likes

It was very nice expierence to work with Max,very good teammates, nice growth appraisal excellent good salary Yes there is politics ay higher level high mode learning as per industry standards. It was turning point of my life.

Salary - Excellent

+6 more

Dislikes

Nothing Nothing Nothing

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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 Manager Salary FAQs

What is the salary of Business Development Manager at Axis Max Life Insurance in Ludhiana?

The average salary of a Business Development Manager at Axis Max Life Insurance in Ludhiana typically ranges from ₹3.8 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 5 years to 8 years).

The top 10% of Business Development Manager in Ludhiana at Axis Max Life Insurance earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Business Development Manager 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 5 Axis Max Life Insurance employees in India.

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

The estimated take-home salary of a Business Development Manager at Axis Max Life Insurance in Ludhiana typically ranges from ₹38,411 to ₹39,600 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 5 years to 8 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 5 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 Development Manager at Axis Max Life Insurance in Ludhiana?

To be a Business Development Manager at Axis Max Life Insurance in Ludhiana, the key skills required include:

- Recruitment
- Management
- Sales Promotion
- Networking
- IRDA

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 Development Manager in India?

Regalo Kitchens	₹6.0 Lakhs to ₹8.5 Lakhs per year
Mahindra Logistics	₹4.4 Lakhs to ₹7.8 Lakhs per year
Durian Industries	₹4.5 Lakhs to ₹6.5 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 Development Manager in companies similar to Axis Max Life Insurance in Ludhiana?

The salary of a Business Development Manager at companies similar to Axis Max Life Insurance in Ludhiana varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Udaan	₹2.7 Lakhs to ₹5.0 Lakhs per year
Ceasefire Industries	₹3.0 Lakhs to ₹5.5 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 Manager at Axis Max Life Insurance in Ludhiana?

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

Experience	Average Salary Range
5 years	₹4.5 Lakhs to ₹5.8 Lakhs per year
6 years	₹4.7 Lakhs to ₹5.9 Lakhs per year
7 years	₹4.8 Lakhs to ₹6.1 Lakhs per year
8 years	₹4.9 Lakhs to ₹6.3 Lakhs per year

and so on.

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Axis Max Life Insurance Business Development Manager Salaries in Ludhiana

Axis Max Life Insurance Business Development Manager salary in Ludhiana ranges between ₹3.8 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.