Max Life Insurance Hyderabad / Secunderabad Deputy Manager II Salaries by 4 Employees (Updated 2025)

3 - 5 years exp.

₹3 Lakhs - ₹4.5 Lakhs

Salary of majority employees

48% less than the average Deputy Manager II Salary in Insurance Companies for 3 - 5 years of experience

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Last Updated: 2 Jan 2025

Companies similar to Max Life Insurance for Deputy Manager II in Hyderabad / Secunderabad

Max Life Insurance Deputy Manager II Salary

3 - 5 years exp. (4 salaries)

₹3 L/yr - ₹4.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Bank Deputy Manager II Salary 0 - 14 years exp. (343 salaries)	₹4 L/yr - ₹10.2 L/yr 99% more
HDFC Bank Deputy Manager II Salary 3 - 8 years exp. (8 salaries)	₹5 L/yr - ₹7.8 L/yr 60% more
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DCB Bank Deputy Manager II Salary 5 - 12 years exp. (7 salaries)	₹5.6 L/yr - ₹7.5 L/yr 76% more
KFintech Deputy Manager II Salary 11 - 17 years exp. (6 salaries)	₹5.7 L/yr - ₹8.5 L/yr 84% more
IndusInd Bank Deputy Manager II Salary 4 - 7 years exp. (4 salaries)	₹2.8 L/yr - ₹4.6 L/yr 23% more

Deputy Manager II salary at Max Life Insurance ranges between ₹3 Lakhs to ₹4.5 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Deputy Manager II salaries in Hyderabad / Secunderabad

Last Updated: 2 Jan 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
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5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr

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Salary related reviews for Max Life Insurance

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

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

Agency Development Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 Aug 2023

4.0

for Salary and Benefits

Likes

Salary is good

Salary - Good

+1 more

Dislikes

Lack of training, harrasment candidate for work , lack of field help , managers are not supportive they just bark but don't motivate agency manager at every hour . Mentally torture the candidate for work and pressurized day night equally, call anytime without thinking it's an off or weak day holiday. Never think about personal life also the manager are shameless because they trespass their manager homes without intimation and do misbehave with everyone in office. The management is not good so do not join max life

Skill development - Bad

+4 more

Agency Development Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 16 Sep 2023

5.0

for Salary and Benefits

Likes

Pay and perk is good. Promotion opportunities are really good.

Salary - Excellent

+2 more

Dislikes

No support from Seniors. No discipline, only they need result even if you are new. They will start poking you and also not ready to support you.

Agency Development Manager in Pune

Full Time

Sales & Business Development Department

2.0

• posted on 30 Nov 2022

1.0

for Salary and Benefits

Likes

Good Local management, training program also good.

Dislikes

Fake commitment from hr department before joining about in hand salary, After joining totally different in hand salary coming. When I talk zonal hr she is not giving a proper solution. Also they are sending employees for field work but they are not paying petrol expenses to employees. Means you have not earn anything in your take home salary hike. Hr department is to much confused and roude. Saturday Sunday working. Also daily 9.30 to 8.00 timing average. Means no work life balance. Also you can develop advisor from your own contact and relations. Company don't have any data.

Salary - Bad

+4 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 Deputy Manager II Salary FAQs

What is the salary of Deputy Manager II at Max Life Insurance Hyderabad / Secunderabad?

Deputy Manager II salary at Max Life Insurance in Hyderabad / Secunderabad ranges between ₹3.0 Lakhs to ₹4.5 Lakhs for experience between 3 years to 5 years. According to our estimates it is 48% less than the average Deputy Manager II Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Max Life Insurance Hyderabad / Secunderabad.

How does the salary of a Deputy Manager II at Max Life Insurance Hyderabad / Secunderabad compare with the average salary range for this job?

The average salary of a Deputy Manager II at Max Life Insurance is 48% less than the average salary of a Deputy Manager II in Hyderabad / Secunderabad. To know exact salary insights, login to view.

Which similar companies are paying more than Max Life Insurance to a Deputy Manager II in Hyderabad / Secunderabad?

ICICI Bank Deputy Manager II Salary - ₹4.0 Lakhs to ₹10.2 Lakhs per year
KFintech Deputy Manager II Salary - ₹5.7 Lakhs to ₹8.5 Lakhs per year
DCB Bank Deputy Manager II Salary - ₹5.6 Lakhs to ₹7.5 Lakhs per year
HDFC Bank Deputy Manager II Salary - ₹5.0 Lakhs to ₹7.8 Lakhs per year
IndusInd Bank Deputy Manager II Salary - ₹2.8 Lakhs to ₹4.6 Lakhs per year

What is the estimated take home salary of a Deputy Manager II at Max Life Insurance in Hyderabad / Secunderabad?

The estimated take-home salary of a Deputy Manager II at Max Life Insurance ranges between ₹26,720 per month to ₹28,133 per month in Hyderabad / Secunderabad. The take-home salary calculation is based on the average Max Life Insurance Deputy Manager II salary in India which ranges between ₹3.0 Lakhs to ₹4.5 Lakhs per year for employees with experience between 3 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager II at Max Life Insurance in Hyderabad / Secunderabad?

According to AmbitionBox, 100% of the Max Life Insurance Deputy Manager IIs in Hyderabad / Secunderabad reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

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Max Life Insurance Deputy Manager II Salaries in Hyderabad / Secunderabad

Max Life Insurance Deputy Manager II salary in Hyderabad / Secunderabad ranges between ₹3 Lakhs to ₹4.5 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.