Axis Max Life Insurance Business System Analyst Salaries by 7 Employees

2 - 11 years exp.

₹2.6 Lakhs - ₹15 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

23% 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

Companies similar to Axis Max Life Insurance for Business System Analyst

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Business System Analyst Salary 0 - 6 years exp. (5 salaries)	₹5 L/yr - ₹5.2 L/yr 42% less
MetLife Business System Analyst Salary 6 - 17 years exp. (3 salaries)	₹8 L/yr - ₹28 L/yr 66% more
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Axis Bank Business System Analyst Salary 1 - 10 years exp. (159 salaries)	₹4 L/yr - ₹16.5 L/yr 9% more
TCS Business System Analyst Salary 2 - 9 years exp. (80 salaries)	₹3.5 L/yr - ₹14 L/yr 8% less
Ncsi Technologies Business System Analyst Salary 3 - 8 years exp. (80 salaries)	₹7 L/yr - ₹17.5 L/yr 61% more

Business System Analyst salary at Axis 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 Axis Max Life Insurance.

Experience wise Axis 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 Axis 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 Axis 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
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

Agency Development Manager in Kollam

Full Time

Sales & Business Development Department

1.0

• posted on 06 Feb 2025

2.0

for Salary and Benefits

Likes

Second Saturday and Sunday, third Saturday and Sundays are off. No other perks.

Dislikes

... from you. More than 5 persons already left the office with their toxic culture. Don't trust their words during interview they will give a package which is lesser than your current ctc and will give excuses as you will earn promotions in a fast track mode. nothing doing you will not meet their unrealistic targets. Hope my review will help future comers. thank you.

Salary - Poor

+6 more

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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 System Analyst Salary FAQs

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

The average salary of a Business System Analyst at Axis Max Life Insurance in India typically ranges from ₹2.6 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 2 years to 11 years).

The top 10% of Business System Analyst at Axis Max Life Insurance earn more than ₹13.7 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Business System Analyst 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 7 Axis Max Life Insurance employees in India.

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

The estimated take-home salary of a Business System Analyst at Axis Max Life Insurance in India typically ranges from ₹64,416 to ₹66,058 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 2 years to 11 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 7 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 System Analyst at Axis Max Life Insurance ?

To be a Business System Analyst at Axis Max Life Insurance in india, the key skills required include:

- Stakeholder Management
- Product Life Cycle Management
- Brd
- FRD
- Requirement Gathering

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 System Analyst in India?

MetLife	₹8.0 Lakhs to ₹28.0 Lakhs per year
Ncsi Technologies	₹7.0 Lakhs to ₹17.5 Lakhs per year
Axis Bank	₹4.0 Lakhs to ₹16.5 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 System Analyst in companies similar to Axis Max Life Insurance in India?

The salary of a Business System Analyst 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:

TCS	₹3.5 Lakhs to ₹14.0 Lakhs per year
ICICI Lombard General Insurance Company	₹5.0 Lakhs to ₹5.2 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 System Analyst at Axis Max Life Insurance in India?

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

Experience	Average Salary Range
2 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
3 years	₹1.6 Lakhs to ₹4.0 Lakhs per year
4 years	₹2.1 Lakhs to ₹7.0 Lakhs per year
5 years	₹2.7 Lakhs to ₹7.0 Lakhs per year

and so on.

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Axis Max Life Insurance Business System Analyst Salaries

Axis 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 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.