Max Life Insurance Business System Analyst Salaries by 7 Employees (Updated 2025)

2 - 11 years exp.

₹2.6 Lakhs - ₹15 Lakhs

Low Confidence

Salary of majority employees

22% less than the average Business System Analyst Salary in Insurance Companies for 2 - 11 years of experience

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Salaries in different departments

Data Science & Analytics Business System Analyst Salary 2 - 4 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹7 L/yr
BFSI, Investments & Trading Business System Analyst Salary 6 years exp. (AmbitionBox Estimate)	₹7.8 L/yr - ₹9.6 L/yr
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Engineering - Hardware & Networks Business System Analyst Salary 2 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
IT & Information Security Business System Analyst Salary 11 years exp. (AmbitionBox Estimate)	₹13.5 L/yr - ₹16.5 L/yr

Last Updated: 29 May 2024

Business System Analyst salary at Max Life Insurance ranges between ₹2.6 Lakhs to ₹15 Lakhs per year for employees with experience between 2 years to 11 years. Salary estimates are based on 7 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Business System Analyst salaries

Last Updated: 29 May 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
3 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4 L/yr
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4 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹7 L/yr
5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹8.7 L/yr
7 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
8 years (AmbitionBox Estimate)	₹9.8 L/yr - ₹12.6 L/yr
9 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
10 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹15.8 L/yr
11 years (AmbitionBox Estimate)	₹15 L/yr - ₹15 L/yr

View all

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Top skills at Max Life Insurance for Business System Analyst

Stakeholder Management Product Life Cycle Management Brd FRD Requirement Gathering Business Analysis System Administration Scrum Automation Problem Solving Consulting Technical Management AWS Delivery Management Analytics

Salary related reviews for Max Life Insurance

Data Scientist in Gurgaon / Gurugram

Full Time

Data Science & Analytics Department

3.0

• posted on 01 Aug 2024

3.0

for Salary and Benefits

Likes

Office Space Multiple business problems to solve.

Dislikes

Salary Too much office politics. Sometimes good work is limited to some folks. Career growth opportunities are limited to only some section of the teams

Company culture - Poor

+1 more

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

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

Relationship Associate in Raipur

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 29 Jul 2024

1.0

for Salary and Benefits

Likes

Job security

Dislikes

Appraisal depends upon reporting manager, new candidates came with higher package but old employees voice can not get into company ear because of team leaders. Competition are very good in this situation.

Salary - Bad

+5 more

see more salary related reviews

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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 System Analyst Salary FAQs

What is the salary of Business System Analyst at Max Life Insurance?

Business System Analyst salary at Max Life Insurance in India ranges between ₹2.6 Lakhs to ₹15.0 Lakhs for experience between 2 years to 11 years. According to our estimates it is 22% less than the average Business System Analyst Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Max Life Insurance India.

How does the salary of a Business System Analyst at Max Life Insurance India compare with the average salary range for this job?

The average salary of a Business System Analyst at Max Life Insurance is 22% less than the average salary of a Business System Analyst in India. To know exact salary insights, login to view.

What are the top skills required to work as a Business System Analyst at Max Life Insurance?

Stakeholder Management, Product Life Cycle Management, Brd, FRD and Requirement Gathering are some of the popular skills required to work as a Business System Analyst at Max Life Insurance India.

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

The estimated take-home salary of a Business System Analyst at Max Life Insurance ranges between ₹64,416 per month to ₹66,058 per month in India. The take-home salary calculation is based on the average Max Life Insurance Business System Analyst salary in India which ranges between ₹2.6 Lakhs to ₹15.0 Lakhs per year for employees with experience between 2 years to 11 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the Max Life Insurance Business System Analysts reported a notice period of 2 Months, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Max Life Insurance Business System Analyst Salaries

Max Life Insurance Business System Analyst salary in India ranges between ₹2.6 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Max Life Insurance latest salaries received from various employees of Max Life Insurance.