Axis Max Life Insurance Business Manager Salaries by 5 Employees (Updated 2025)

5 - 12 years exp.

₹3.1 Lakhs - ₹9.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

52% less than the average Business Manager Salary in Insurance Companies for 5 - 12 years of experience

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Salaries in different departments

Marketing & Communication Business Manager Salary 9 - 12 years exp. (3 salaries)	₹4.8 L/yr - ₹9.5 L/yr
BFSI, Investments & Trading Business Manager Salary 10 years exp. (AmbitionBox Estimate)	₹5.7 L/yr - ₹7 L/yr
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Sales & Business Development Business Manager Salary 5 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr

Last Updated: 18 Mar 2025

Companies similar to Axis Max Life Insurance for Business Manager

Company name	Avg Annual Salary	Open Jobs
Shriram Life Insurance Business Manager Salary 0 - 7 years exp. (62 salaries)	₹3 L/yr - ₹5 L/yr 29% less	1 job opening
Tata AIA Life Insurance Business Manager Salary 2 - 17 years exp. (21 salaries)	₹5.6 L/yr - ₹11 L/yr 52% more
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Cholamandalam MS General Insurance Business Manager Salary 3 - 15 years exp. (17 salaries)	₹4 L/yr - ₹6.5 L/yr 3% more
SBI Life Insurance Company Business Manager Salary 5 - 12 years exp. (16 salaries)	₹5.1 L/yr - ₹7.3 L/yr 24% more
ICICI Lombard General Insurance Company Business Manager Salary 3 - 14 years exp. (10 salaries)	₹2.3 L/yr - ₹10 L/yr 5% less
HDFC Life Business Manager Salary 3 - 13 years exp. (10 salaries)	₹2.4 L/yr - ₹8.1 L/yr 16% less
Bajaj Allianz General Insurance Business Manager Salary 4 - 11 years exp. (9 salaries)	₹3.9 L/yr - ₹6.3 L/yr 13% less
ICICI Prudential Life Insurance Business Manager Salary 0 - 6 years exp. (8 salaries)	₹3.1 L/yr - ₹4 L/yr 30% less
PNB MetLife Business Manager Salary 3 - 14 years exp. (7 salaries)	₹3.5 L/yr - ₹7.5 L/yr 6% more
SBI General Insurance Business Manager Salary 6 - 14 years exp. (5 salaries)	₹4 L/yr - ₹15.1 L/yr 62% more
Life Insurance Corporation of India Business Manager Salary 0 - 5 years exp. (5 salaries)	₹1 L/yr - ₹5.8 L/yr 52% less
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Aditya Birla Sun Life Insurance Business Manager Salary 11 - 18 years exp. (5 salaries)	₹7.9 L/yr - ₹8.3 L/yr 47% more
ManipalCigna Health Insurance Business Manager Salary 4 - 8 years exp. (5 salaries)	₹3 L/yr - ₹3.9 L/yr 39% less
Bajaj Allianz Life Insurance Business Manager Salary 3 - 10 years exp. (4 salaries)	₹4.5 L/yr - ₹5.2 L/yr 15% less
Kotak Mahindara Life Insurance Business Manager Salary 0 - 10 years exp. (4 salaries)	₹3.4 L/yr - ₹6.2 L/yr 8% less
HDFC Ergo General Insurance Business Manager Salary 1 - 5 years exp. (3 salaries)	₹3.9 L/yr - ₹15 L/yr 79% more

Business Manager salary at Axis Max Life Insurance ranges between ₹3.1 Lakhs to ₹9.5 Lakhs per year for employees with experience between 5 years to 12 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 Manager salaries

Last Updated: 18 Mar 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.9 L/yr
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7 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
8 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
9 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
10 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
11 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
12 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr

View all

Similar Designation salaries in Axis Max Life Insurance

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(AmbitionBox Estimate)

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Salary related reviews for Axis Max Life Insurance

5.0

Rated by 1 employees for salary & benefits

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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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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Axis Max Life Insurance Business Manager Salary FAQs

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

The average salary of a Business Manager at Axis Max Life Insurance in India typically ranges from ₹3.1 Lakhs to ₹9.5 Lakhs per year, depending on experience (from 5 years to 12 years).

The top 10% of Business Manager at Axis Max Life Insurance earn more than ₹9.5 Lakhs per year, and the top 1% earn over ₹9.5 Lakhs per year. Business 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 Manager at Axis Max Life Insurance in India?

The estimated take-home salary of a Business Manager at Axis Max Life Insurance in India typically ranges from ₹40,596 to ₹41,752 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹9.5 Lakhs per year for employees with experience ranging from 5 years to 12 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.

Which companies offer higher salaries than Axis Max Life Insurance for Business Manager in India?

HDFC Ergo General Insurance	₹3.9 Lakhs to ₹15.0 Lakhs per year
SBI General Insurance	₹4.0 Lakhs to ₹15.1 Lakhs per year
Tata AIA Life Insurance	₹5.6 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹7.9 Lakhs to ₹8.3 Lakhs per year
SBI Life Insurance Company	₹5.1 Lakhs to ₹7.3 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 Manager in companies similar to Axis Max Life Insurance in India?

The salary of a Business Manager 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:

PNB MetLife	₹3.5 Lakhs to ₹7.5 Lakhs per year
Cholamandalam MS General Insurance	₹4.0 Lakhs to ₹6.5 Lakhs per year
ICICI Lombard General Insurance Company	₹2.3 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.4 Lakhs to ₹6.2 Lakhs per year
Bajaj Allianz General Insurance	₹3.9 Lakhs to ₹6.3 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 Manager at Axis Max Life Insurance in India?

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

Experience	Average Salary Range
5 years	₹3.4 Lakhs to ₹4.3 Lakhs per year
6 years	₹3.8 Lakhs to ₹4.9 Lakhs per year
7 years	₹4.2 Lakhs to ₹5.4 Lakhs per year
8 years	₹4.6 Lakhs to ₹5.9 Lakhs per year

and so on.

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Axis Max Life Insurance Business Manager Salaries

Axis Max Life Insurance Business Manager salary in India ranges between ₹3.1 Lakhs to ₹9.5 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.