Max Life Insurance Deputy Manager Band 1 Salaries by 5 Employees (Updated 2025)

5 - 8 years exp.

₹4.3 Lakhs - ₹5.1 Lakhs

Low Confidence

Salary of majority employees

13% less than the average Deputy Manager Band 1 Salary in Insurance Companies for 5 - 8 years of experience

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Salaries in different departments

Customer Success, Service & Operations Deputy Manager Band 1 Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹4.8 L/yr - ₹5.1 L/yr
BFSI, Investments & Trading Deputy Manager Band 1 Salary 5 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.2 L/yr
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Sales & Business Development Deputy Manager Band 1 Salary 8 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 27 Apr 2023

Companies similar to Axis Max Life Insurance for Deputy Manager Band 1

Company name	Avg Annual Salary	Open Jobs
HDFC Life Deputy Manager Band 1 Salary 6 - 11 years exp. (5 salaries)	₹5.8 L/yr - ₹8.3 L/yr 48% more
HDFC Ergo General Insurance Deputy Manager Band 1 Salary 3 - 13 years exp. (12 salaries)	₹4.8 L/yr - ₹7.5 L/yr 32% more
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SBI General Insurance Deputy Manager Band 1 Salary 7 - 10 years exp. (4 salaries)	₹5 L/yr - ₹5.5 L/yr 9% more
Bajaj Allianz General Insurance Deputy Manager Band 1 Salary 2 - 12 years exp. (4 salaries)	₹4.5 L/yr - ₹12 L/yr 93% more
ICICI Bank Deputy Manager Band 1 Salary 0 - 10 years exp. (1.2k salaries)	₹3 L/yr - ₹6.5 L/yr 13% more

Deputy Manager Band 1 salary at Axis Max Life Insurance ranges between ₹4.3 Lakhs to ₹5.1 Lakhs per year for employees with experience between 5 years to 8 years. Salary estimates are based on 5 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Max Life Insurance Deputy Manager Band 1 salaries

Last Updated: 27 Apr 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.8 L/yr
6 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹4.8 L/yr
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7 years (AmbitionBox Estimate)	₹2 L/yr - ₹5.1 L/yr
8 years (AmbitionBox Estimate)	₹5 L/yr - ₹9.1 L/yr

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Salary related reviews for Axis Max Life Insurance

4.1

Rated by 2 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

Customer Service Executive in Bikaner

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 24 Sep 2019

5.0

for Salary and Benefits

Likes

Excellent all things

Salary - Excellent

+6 more

Dislikes

Compensation is decent and fast growing, no any work pressure. I have to work 15 to 18 hours straight in a day I have attended claint calls and manage all operation and admin work.

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

Operations Executive in Howrah

Operations Department

5.0

• posted on 02 Jun 2021

4.0

for Salary and Benefits

Likes

Very good company for both personal and professional growth.Employee centric.Friendly environment.Colleagues and seniors are very much co-operative which is very helpful for a new joinee.I shared a great relation with them.A very much customer oriented company when it comes to service.

Salary - Good

+6 more

Dislikes

Salary structure needs to improve for an off-role employee else everything is fine.

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Axis Max Life Insurance Deputy Manager Band 1 Salary FAQs

What is the salary of Deputy Manager Band 1 at Max Life Insurance?

Deputy Manager Band 1 salary at Max Life Insurance in India ranges between ₹4.3 Lakhs to ₹5.1 Lakhs for experience between 5 years to 8 years. According to our estimates it is 13% less than the average Deputy Manager Band 1 Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Max Life Insurance India.

How does the salary of a Deputy Manager Band 1 at Max Life Insurance India compare with the average salary range for this job?

The average salary of a Deputy Manager Band 1 at Max Life Insurance is 13% less than the average salary of a Deputy Manager Band 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Max Life Insurance to a Deputy Manager Band 1 in India?

Bajaj Allianz General Insurance Deputy Manager Band 1 Salary - ₹4.5 Lakhs to ₹12.0 Lakhs per year
HDFC Life Deputy Manager Band 1 Salary - ₹5.8 Lakhs to ₹8.3 Lakhs per year
HDFC Ergo General Insurance Deputy Manager Band 1 Salary - ₹4.8 Lakhs to ₹7.5 Lakhs per year
ICICI Bank Deputy Manager Band 1 Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year
SBI General Insurance Deputy Manager Band 1 Salary - ₹5.0 Lakhs to ₹5.5 Lakhs per year

What is the estimated take home salary of a Deputy Manager Band 1 at Max Life Insurance in India?

The estimated take-home salary of a Deputy Manager Band 1 at Max Life Insurance ranges between ₹35,900 per month to ₹37,126 per month in India. The take-home salary calculation is based on the average Max Life Insurance Deputy Manager Band 1 salary in India which ranges between ₹4.3 Lakhs to ₹5.1 Lakhs per year for employees with experience between 5 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager Band 1 at Max Life Insurance?

According to AmbitionBox, 33% of the Max Life Insurance Deputy Manager Band 1s reported a notice period of 15 days or less, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

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Max Life Insurance Deputy Manager Band 1 Salaries

Axis Max Life Insurance Deputy Manager Band 1 salary in India ranges between ₹4.3 Lakhs to ₹5.1 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.