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

4 - 10 years exp.

₹3.1 Lakhs - ₹6.4 Lakhs

Low Confidence

Salary of majority employees

61% less than the average Business Manager Salary in Insurance Companies for 4 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Business Manager Salary 4 - 10 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹6.4 L/yr
Marketing & Communication Business Manager Salary 9 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.3 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: 26 Jan 2025

Companies similar to Max Life Insurance for Business Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Business Manager Salary 0 - 6 years exp. (8 salaries)	₹3.1 L/yr - ₹4 L/yr 14% less
HDFC Life Business Manager Salary 3 - 13 years exp. (10 salaries)	₹2.4 L/yr - ₹8.1 L/yr 3% more
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SBI Life Insurance Company Business Manager Salary 5 - 16 years exp. (27 salaries)	₹5.1 L/yr - ₹8.5 L/yr 52% more
Bajaj Allianz Life Insurance Business Manager Salary 7 - 10 years exp. (4 salaries)	₹4.4 L/yr - ₹5.2 L/yr 2% more
Kotak Mahindara Life Insurance Business Manager Salary 0 - 10 years exp. (4 salaries)	₹3.4 L/yr - ₹6.2 L/yr 13% more
Tata AIA Life Insurance Business Manager Salary 2 - 17 years exp. (20 salaries)	₹5.6 L/yr - ₹10.6 L/yr 84% more	1 job opening
Aditya Birla Sun Life Insurance Business Manager Salary 11 - 18 years exp. (5 salaries)	₹7.9 L/yr - ₹8.3 L/yr 81% more
PNB MetLife Business Manager Salary 3 - 14 years exp. (7 salaries)	₹3.5 L/yr - ₹7.5 L/yr 30% more
Life Insurance Corporation of India Business Manager Salary 0 - 5 years exp. (5 salaries)	₹1 L/yr - ₹5.8 L/yr 42% less
Shriram Life Insurance Business Manager Salary 0 - 7 years exp. (58 salaries)	₹2.2 L/yr - ₹5 L/yr 12% less
Cholamandalam MS General Insurance Business Manager Salary 4 - 15 years exp. (15 salaries)	₹4 L/yr - ₹6.5 L/yr 24% more
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ICICI Lombard General Insurance Company Business Manager Salary 3 - 14 years exp. (10 salaries)	₹2.3 L/yr - ₹10 L/yr 16% more
Bajaj Allianz General Insurance Business Manager Salary 4 - 11 years exp. (9 salaries)	₹3.9 L/yr - ₹6.3 L/yr 6% more
SBI General Insurance Business Manager Salary 6 - 14 years exp. (5 salaries)	₹4 L/yr - ₹15.1 L/yr 99% more
ManipalCigna Health Insurance Business Manager Salary 4 - 7 years exp. (5 salaries)	₹3 L/yr - ₹3.9 L/yr 25% less
Care Health Insurance Business Manager Salary 3 - 7 years exp. (5 salaries)	₹3.8 L/yr - ₹5.1 L/yr 4% less
Star Union Dai-ichi Life Insurance Business Manager Salary 3 - 11 years exp. (3 salaries)	₹4.5 L/yr - ₹7 L/yr 22% more
HDFC Ergo General Insurance Business Manager Salary 1 - 5 years exp. (3 salaries)	₹3.9 L/yr - ₹15 L/yr 120% more

Business Manager salary at Max Life Insurance ranges between ₹3.1 Lakhs to ₹6.4 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Business Manager salaries

Last Updated: 26 Jan 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.3 L/yr
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹6 L/yr
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6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
7 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
8 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
9 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹9.6 L/yr
10 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6.4 L/yr

View all

Similar Designation salaries in Max Life Insurance

Area Business Manager Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.9 L/yr

Branch Manager Salary

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₹7 L/yr - ₹14 L/yr

Sales Manager Salary

(608 salaries)

₹2.3 L/yr - ₹6.22 L/yr

Regional Manager Salary

(71 salaries)

₹7.6 L/yr - ₹25 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Area Manager Salary

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₹4.2 L/yr - ₹14.42 L/yr

Deputy Manager Salary

(769 salaries)

₹2.4 L/yr - ₹9 L/yr

Territory Manager Salary

(40 salaries)

₹7.5 L/yr - ₹19 L/yr

Area Sales Manager Salary

(59 salaries)

₹2.8 L/yr - ₹9.5 L/yr

Marketing Manager Salary

(12 salaries)

₹3.3 L/yr - ₹8.2 L/yr

Salary related reviews for 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

+4 more
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

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about Max Life Insurance

View All

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 Manager Salary FAQs

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

Business Manager salary at Max Life Insurance in India ranges between ₹3.1 Lakhs to ₹6.4 Lakhs for experience between 4 years to 10 years. According to our estimates it is 61% less than the average Business Manager 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 Manager at Max Life Insurance India compare with the average salary range for this job?

The average salary of a Business Manager at Max Life Insurance is 61% less than the average salary of a Business Manager in India. To know exact salary insights, login to view.

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

HDFC Ergo General Insurance Business Manager Salary - ₹3.9 Lakhs to ₹15.0 Lakhs per year
SBI General Insurance Business Manager Salary - ₹4.0 Lakhs to ₹15.1 Lakhs per year
Tata AIA Life Insurance Business Manager Salary - ₹5.6 Lakhs to ₹10.6 Lakhs per year
Aditya Birla Sun Life Insurance Business Manager Salary - ₹7.9 Lakhs to ₹8.3 Lakhs per year
SBI Life Insurance Company Business Manager Salary - ₹5.1 Lakhs to ₹8.5 Lakhs per year

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

PNB MetLife Business Manager Salary - ₹3.5 Lakhs to ₹7.5 Lakhs per year
Cholamandalam MS General Insurance Business Manager Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year
Star Union Dai-ichi Life Insurance Business Manager Salary - ₹4.5 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company Business Manager Salary - ₹2.3 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindara Life Insurance Business Manager Salary - ₹3.4 Lakhs to ₹6.2 Lakhs per year

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

The estimated take-home salary of a Business Manager at Max Life Insurance ranges between ₹32,583 per month to ₹33,858 per month in India. The take-home salary calculation is based on the average Max Life Insurance Business Manager salary in India which ranges between ₹3.1 Lakhs to ₹6.4 Lakhs per year for employees with experience between 4 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Business Manager at Max Life Insurance?

According to AmbitionBox, 100% of the Max Life Insurance Business Managers reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Max Life Insurance Business Manager Salaries

Max Life Insurance Business Manager salary in India ranges between ₹3.1 Lakhs to ₹6.4 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.