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

0 - 4 years exp.

₹1.2 Lakh - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

31% less than the average Business Development Officer Salary in Insurance Companies for 0 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Development Officer Salary 0 - 4 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.5 L/yr
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Sales & Business Development Business Development Officer Salary 1 - 4 years exp. (AmbitionBox Estimate)	₹1.2 L/yr - ₹2.5 L/yr

Last Updated: 16 Mar 2023

Companies similar to Max Life Insurance for Business Development Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Life Business Development Officer Salary 2 - 4 years exp. (4 salaries)	₹2.1 L/yr - ₹3.5 L/yr 36% more
Bajaj Allianz Life Insurance Business Development Officer Salary 0 - 6 years exp. (5 salaries)	₹1.4 L/yr - ₹3 L/yr 4% less
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Reliance Nippon Life Insurance Business Development Officer Salary 2 - 5 years exp. (3 salaries)	₹2.8 L/yr - ₹5 L/yr 43% more
Aditya Birla Sun Life Insurance Business Development Officer Salary 1 - 4 years exp. (4 salaries)	₹3.3 L/yr - ₹4 L/yr 39% more
Life Insurance Corporation of India Business Development Officer Salary 1 - 9 years exp. (15 salaries)	₹2.3 L/yr - ₹10 L/yr 147% more
Star Union Dai-ichi Life Insurance Business Development Officer Salary 0 - 5 years exp. (6 salaries)	₹1.6 L/yr - ₹6.8 L/yr 11% more
Cholamandalam MS General Insurance Business Development Officer Salary 1 year exp. (4 salaries)	₹3.6 L/yr - ₹4.6 L/yr 58% more
Shriram Life Insurance Business Development Officer Salary 0 - 8 years exp. (3 salaries)	₹2 L/yr - ₹2.4 L/yr 14% less
SBI General Insurance Business Development Officer Salary 0 - 8 years exp. (3 salaries)	₹2.8 L/yr - ₹8 L/yr 92% more
Bajaj Allianz General Insurance Business Development Officer Salary 3 - 5 years exp. (3 salaries)	₹2.1 L/yr - ₹4 L/yr 17% more

Business Development Officer salary at Max Life Insurance ranges between ₹1.2 Lakh to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Business Development Officer salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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4 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.4 L/yr

Similar Designation salaries in Max Life Insurance

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Business Development Associate Salary

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₹3.5 L/yr - ₹4.9 L/yr

Business Development Executive Salary

(7 salaries)

₹2.7 L/yr - ₹5 L/yr

Senior Business Development Manager Salary

(16 salaries)

₹5.3 L/yr - ₹8.2 L/yr

Senior Business Development Executive Salary

(AmbitionBox Estimate)

₹4.7 L/yr - ₹6 L/yr

Business Manager Salary

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₹3.05 L/yr - ₹6.35 L/yr

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Zonal Sales Manager Salary

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₹1.75 L/yr - ₹5.5 L/yr

Assistant Sales Manager Salary

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₹2.4 L/yr - ₹5.15 L/yr

Salary related reviews for 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

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

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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Discover interview dos and don'ts from real experiences

What people are saying about Max Life Insurance

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thickraspberry

works at

B P Oil Mills

Facing Toxic Culture and Management Issues.

I joined Axis Max Life Insurance, on 24 Dec 2024, After 11 Jan 2025 I started receiving hate and toxic culture from the female L1 Manager BRM. On Axis Max Life Insurance. Because I refused to do their personal work and work on the week off. Because I'm not the licking Employee. Now the female manager starts harassing me. The branch didn't even have the security CCTV Cameras so I don't have a Recording. But I have witnesses. She is too toxic And I feel mentally drained and harassing. What should I do because she is female I can't take unnecessary action. Please share the thoughts and advice and need help asap.

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Max Life Insurance Business Development Officer Salary FAQs

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

Business Development Officer salary at Max Life Insurance in India ranges between ₹1.2 Lakhs to ₹3.5 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 31% less than the average Business Development 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 Business Development Officer at Max Life Insurance India compare with the average salary range for this job?

The average salary of a Business Development Officer at Max Life Insurance is 31% less than the average salary of a Business Development Officer in India. To know exact salary insights, login to view.

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

Life Insurance Corporation of India Business Development Officer Salary - ₹2.3 Lakhs to ₹10.0 Lakhs per year
SBI General Insurance Business Development Officer Salary - ₹2.8 Lakhs to ₹8.0 Lakhs per year
Cholamandalam MS General Insurance Business Development Officer Salary - ₹3.6 Lakhs to ₹4.6 Lakhs per year
Reliance Nippon Life Insurance Business Development Officer Salary - ₹2.8 Lakhs to ₹5.0 Lakhs per year
Aditya Birla Sun Life Insurance Business Development Officer Salary - ₹3.3 Lakhs to ₹4.0 Lakhs per year

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

HDFC Life Business Development Officer Salary - ₹2.1 Lakhs to ₹3.5 Lakhs per year
Bajaj Allianz General Insurance Business Development Officer Salary - ₹2.1 Lakhs to ₹4.0 Lakhs per year
Star Union Dai-ichi Life Insurance Business Development Officer Salary - ₹1.6 Lakhs to ₹6.8 Lakhs per year
Bajaj Allianz Life Insurance Business Development Officer Salary - ₹1.4 Lakhs to ₹3.0 Lakhs per year
Shriram Life Insurance Business Development Officer Salary - ₹2.0 Lakhs to ₹2.4 Lakhs per year

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

The estimated take-home salary of a Business Development Officer at Max Life Insurance ranges between ₹17,683 per month to ₹19,380 per month in India. The take-home salary calculation is based on the average Max Life Insurance Business Development Officer salary in India which ranges between ₹1.2 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?

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Max Life Insurance Business Development Officer Salaries by Location

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Max Life Insurance Business Development Officer Salaries

Max Life Insurance Business Development Officer salary in India ranges between ₹1.2 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Max Life Insurance latest salaries received from various employees of Max Life Insurance.

Max Life Insurance Business Development Officer salaries in India

Companies similar to Max Life Insurance for Business Development Officer

Latest annual salaries shared by Max Life Insurance Business Development Officer

Experience wise Max Life Insurance Business Development Officer salaries

Similar Designation salaries in Max Life Insurance

Salary related reviews for Max Life Insurance

Deputy Manager in Kolkata

Sales Manager in New Delhi

Business Development Manager in Meerut

Business Development Manager in Tirunelveli

Branch Manager

Max Life Insurance Business Development Officer Salary FAQs

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Max Life Insurance Business Development Officer Salaries by Location