Max Life Insurance Mumbai Cluster Manager Banca Salaries by 7 Employees (Updated 2025)

7 - 17 years exp.

₹9.3 Lakhs - ₹12.3 Lakhs

Salary of majority employees

54% more than the average Cluster Manager Banca Salary in Insurance Companies for 7 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Banca Salary 14 - 16 years exp. (3 salaries)	₹10.5 L/yr - ₹12.3 L/yr
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Sales & Business Development Cluster Manager Banca Salary 7 years exp. (AmbitionBox Estimate)	₹10 L/yr - ₹11.8 L/yr

Last Updated: 12 Oct 2024

Companies similar to Max Life Insurance for Cluster Manager Banca in Mumbai

Max Life Insurance Cluster Manager Banca Salary

7 - 17 years exp. (7 salaries)

₹9.3 L/yr - ₹12.3 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Cluster Manager Banca Salary 8 - 12 years exp. (5 salaries)	₹7.5 L/yr - ₹10 L/yr 13% less
Aditya Birla Sun Life Insurance Cluster Manager Banca Salary 6 - 12 years exp. (6 salaries)	₹7 L/yr - ₹12 L/yr 24% less
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Care Health Insurance Cluster Manager Banca Salary 4 - 11 years exp. (5 salaries)	₹3.5 L/yr - ₹5.4 L/yr 57% less
Star Health & Allied Insurance Cluster Manager Banca Salary 5 - 14 years exp. (4 salaries)	₹5.5 L/yr - ₹8.3 L/yr 37% less
Axis Direct Cluster Manager Banca Salary 2 - 5 years exp. (5 salaries)	₹3.3 L/yr - ₹3.9 L/yr 66% less

Cluster Manager Banca salary at Max Life Insurance ranges between ₹9.3 Lakhs to ₹12.3 Lakhs per year for employees with experience between 7 years to 17 years. Salary estimates are based on 7 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Cluster Manager Banca salaries in Mumbai

Last Updated: 12 Oct 2024

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹4 L/yr - ₹10 L/yr
8 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
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9 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.7 L/yr
10 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.8 L/yr
11 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr
12 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr
13 years (AmbitionBox Estimate)	₹10 L/yr - ₹18.9 L/yr
14 years (AmbitionBox Estimate)	₹10 L/yr - ₹10.6 L/yr
15+ years (3 salaries)	₹9.3 L/yr - ₹12.3 L/yr

View all

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Assistant Sales Manager Salary

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Salary related reviews for Max Life Insurance

Associate Sales Manager in Mumbai

Full Time

Sales & Business Development Department

1.0

• posted on 01 Oct 2024

2.0

for Salary and Benefits

Likes

Salary on time

Dislikes

Worst management and HR. Management torture Lower level staff for business. Even HR also support manager and they take concall for business. Worst working conditions in Max life Cooperative banca channel I have seen in my life time.

Salary - Poor

+6 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

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

Financial Sales Manager in South Kolkata

Full Time

Sales & Business Development Department

4.0

• posted on 27 Oct 2023

4.0

for Salary and Benefits

Likes

Training only.

Salary - Good

+2 more

Dislikes

...s are not coming Branch and dont meet Branch head or bsm /Ssm... Big politics . Salary hike is very nominal hike.!!.

Work satisfaction - Poor

Deputy Cluster Manager in Ajmer

BFSI, Investments & Trading Department

5.0

• posted on 21 May 2022

4.0

for Salary and Benefits

Likes

Good work environment and culture, and it's best organisation to build soft skill and management is very supportive.

Salary - Good

+6 more

Dislikes

Company expectation is very high and compensation & benefits are lesser than according to this

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 Cluster Manager Banca Salary FAQs

What is the salary of Cluster Manager Banca at Max Life Insurance Mumbai?

Cluster Manager Banca salary at Max Life Insurance in Mumbai ranges between ₹9.3 Lakhs to ₹12.3 Lakhs for experience between 7 years to 17 years. According to our estimates it is 54% more than the average Cluster Manager Banca Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Max Life Insurance Mumbai.

How does the salary of a Cluster Manager Banca at Max Life Insurance Mumbai compare with the average salary range for this job?

The average salary of a Cluster Manager Banca at Max Life Insurance is 54% more than the average salary of a Cluster Manager Banca in Mumbai. To know exact salary insights, login to view.

What is the salary of a Cluster Manager Banca in companies similar to Max Life Insurance in Mumbai?

HDFC Life Cluster Manager Banca Salary - ₹7.5 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Sun Life Insurance Cluster Manager Banca Salary - ₹7.0 Lakhs to ₹12.0 Lakhs per year
Star Health & Allied Insurance Cluster Manager Banca Salary - ₹5.5 Lakhs to ₹8.3 Lakhs per year
Care Health Insurance Cluster Manager Banca Salary - ₹3.5 Lakhs to ₹5.4 Lakhs per year
Axis Direct Cluster Manager Banca Salary - ₹3.3 Lakhs to ₹3.9 Lakhs per year

What is the estimated take home salary of a Cluster Manager Banca at Max Life Insurance in Mumbai?

The estimated take-home salary of a Cluster Manager Banca at Max Life Insurance ranges between ₹76,240 per month to ₹78,216 per month in Mumbai. The take-home salary calculation is based on the average Max Life Insurance Cluster Manager Banca salary in India which ranges between ₹9.3 Lakhs to ₹12.3 Lakhs per year for employees with experience between 7 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Cluster Manager Banca at Max Life Insurance in Mumbai?

According to AmbitionBox, 60% of the Max Life Insurance Cluster Manager Bancas in Mumbai reported a notice period of 3 Months, 20% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

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Max Life Insurance Cluster Manager Banca Salaries in Mumbai

Max Life Insurance Cluster Manager Banca salary in Mumbai ranges between ₹9.3 Lakhs to ₹12.3 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.