Axis Max Life Insurance Deputy Manager Scale 1 Salaries by 4 Employees

3 - 8 years exp.

₹3.6 Lakhs - ₹5.6 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

12% less than the average Deputy Manager Scale 1 Salary in Insurance Companies for 3 - 8 years of experience

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Salaries in different departments

Procurement & Supply Chain Deputy Manager Scale 1 Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.1 L/yr
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Customer Success, Service & Operations Deputy Manager Scale 1 Salary 4 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr

Last Updated: 28 Feb 2024

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

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Deputy Manager Scale 1 Salary 7 - 11 years exp. (5 salaries)	₹3.9 L/yr - ₹6.6 L/yr 12% more
Aditya Birla Sun Life Insurance Deputy Manager Scale 1 Salary 3 - 5 years exp. (3 salaries)	₹3.8 L/yr - ₹4 L/yr 15% less
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ICICI Bank Deputy Manager Scale 1 Salary 1 - 6 years exp. (44 salaries)	₹3.4 L/yr - ₹5.8 L/yr 4% more
Axis Bank Deputy Manager Scale 1 Salary 2 - 7 years exp. (25 salaries)	₹3.3 L/yr - ₹5 L/yr 7% less
HDFC Bank Deputy Manager Scale 1 Salary 3 - 9 years exp. (8 salaries)	₹4.5 L/yr - ₹6 L/yr 17% more

Deputy Manager Scale 1 salary at Axis Max Life Insurance ranges between ₹3.6 Lakhs to ₹5.6 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Axis Max Life Insurance Deputy Manager Scale 1 salaries

Last Updated: 28 Feb 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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7 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
8 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr

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Salary related reviews for Axis Max Life Insurance

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

Senior Officer in Amritsar

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 02 Jul 2023

5.0

for Salary and Benefits

Likes

Max is best company in insurance sector Max always appreciate his employee & also pays a good salary, incentive, sizzler to his employee I will again join the max

Salary - Excellent

+4 more

Dislikes

My few colleagues always trying to misguide each other and some have jealousy for someone's being best

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

Branch Manager

Sales BD Department

5.0

• posted on 21 Dec 2018

5.0

for Salary and Benefits

Likes

It was very nice expierence to work with Max,very good teammates, nice growth appraisal excellent good salary Yes there is politics ay higher level high mode learning as per industry standards. It was turning point of my life.

Salary - Excellent

+6 more

Dislikes

Nothing Nothing Nothing

Sales Manager in Gurgaon / Gurugram

BFSI, Investments & Trading Department

4.0

• posted on 21 Sep 2019

4.0

for Salary and Benefits

Likes

Its a good company to work with and a good pay master but unfortunately hardly give time for family.

Salary - Good

+4 more

Dislikes

They dont give time for family. Although they keep saying good things to devote time with family but they dont let you spend time. Worked even 7 days a week till 2:30 A.M

see more salary related reviews

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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 Deputy Manager Scale 1 Salary FAQs

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

The average salary of a Deputy Manager Scale 1 at Axis Max Life Insurance in India typically ranges from ₹3.6 Lakhs to ₹5.6 Lakhs per year, depending on experience (from 3 years to 8 years).

The top 10% of Deputy Manager Scale 1 at Axis Max Life Insurance earn more than ₹5.6 Lakhs per year, and the top 1% earn over ₹5.6 Lakhs per year. Deputy Manager Scale 1 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 4 Axis Max Life Insurance employees in India.

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

The estimated take-home salary of a Deputy Manager Scale 1 at Axis Max Life Insurance in India typically ranges from ₹34,150 to ₹35,402 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹5.6 Lakhs per year for employees with experience ranging from 3 years to 8 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 4 salaries received from various employees of Axis Max Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Axis Max Life Insurance for Deputy Manager Scale 1 in India?

HDFC Bank	₹4.5 Lakhs to ₹6.0 Lakhs per year
HDFC Ergo General Insurance	₹3.9 Lakhs to ₹6.6 Lakhs per year
ICICI Bank	₹3.4 Lakhs to ₹5.8 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 Deputy Manager Scale 1 in companies similar to Axis Max Life Insurance in India?

The salary of a Deputy Manager Scale 1 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:

Axis Bank	₹3.3 Lakhs to ₹5.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.8 Lakhs to ₹4.0 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 Deputy Manager Scale 1 at Axis Max Life Insurance in India?

The salary growth for a Deputy Manager Scale 1 at Axis Max Life Insurance depends on factors such as experience, performance, and promotions. On average, a Deputy Manager Scale 1 can expect the following growth trajectory at Axis Max Life Insurance:

Experience	Average Salary Range
3 years	₹3.2 Lakhs to ₹4.1 Lakhs per year
4 years	₹3.2 Lakhs to ₹4.1 Lakhs per year
7 years	₹5.0 Lakhs to ₹6.4 Lakhs per year
8 years	₹5.0 Lakhs to ₹6.4 Lakhs per year

and so on.

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Axis Max Life Insurance Deputy Manager Scale 1 Salaries

Axis Max Life Insurance Deputy Manager Scale 1 salary in India ranges between ₹3.6 Lakhs to ₹5.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.