Max Life Insurance Indore Deputy Manager Salaries by 30+ Employees (Updated 2025)

0 - 11 years exp.

₹2.7 Lakhs - ₹7.3 Lakhs

Salary of majority employees

39% less than the average Deputy Manager Salary in Insurance Companies for 0 - 11 years of experience

Interested in this particular role? 6 job openings

Salaries in different departments

Sales & Business Development Deputy Manager Salary 3 - 11 years exp. (14 salaries)	₹3.5 L/yr - ₹6.1 L/yr
BFSI, Investments & Trading Deputy Manager Salary 4 - 8 years exp. (10 salaries)	₹2.7 L/yr - ₹7.3 L/yr
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Marketing & Communication Deputy Manager Salary 0 - 9 years exp. (4 salaries)	₹3.8 L/yr - ₹5.5 L/yr
Finance & Accounting Deputy Manager Salary 3 - 10 years exp. (3 salaries)	₹3.8 L/yr - ₹5.8 L/yr

Last Updated: 15 Jan 2025

Companies similar to Max Life Insurance for Deputy Manager in Indore

Max Life Insurance Deputy Manager Salary

0 - 11 years exp. (33 salaries)

₹2.7 L/yr - ₹7.3 L/yr

Company name	Avg Annual Salary	Open Jobs
Magma HDI General Insurance Deputy Manager Salary 7 - 13 years exp. (3 salaries)	₹5.8 L/yr - ₹9.2 L/yr 56% more
VE Commercial Vehicles Deputy Manager Salary 0 - 18 years exp. (628 salaries)	₹5 L/yr - ₹17 L/yr 135% more	1 job opening
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ICICI Bank Deputy Manager Salary 0 - 15 years exp. (528 salaries)	₹2.4 L/yr - ₹10.6 L/yr 25% more
Cipla Deputy Manager Salary 4 - 19 years exp. (180 salaries)	₹6 L/yr - ₹16 L/yr 151% more	2 job openings
Jio Deputy Manager Salary 1 - 19 years exp. (94 salaries)	₹4.5 L/yr - ₹13.1 L/yr 67% more	1 job opening

Deputy Manager salary at Max Life Insurance ranges between ₹2.7 Lakhs to ₹7.3 Lakhs per year for employees with less than 1 year of experience to 11 years. Salary estimates are based on 33 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Deputy Manager salaries in Indore

Last Updated: 15 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹4 L/yr - ₹7.5 L/yr
1 year (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 L/yr
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2 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
3 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.8 L/yr
4 years (5 salaries)	₹2.7 L/yr - ₹6.1 L/yr
5 years (6 salaries)	₹3.8 L/yr - ₹5.6 L/yr
6 years (5 salaries)	₹3.9 L/yr - ₹5.5 L/yr
7 years (5 salaries)	₹3.8 L/yr - ₹7.3 L/yr
8 years (4 salaries)	₹3.7 L/yr - ₹6.1 L/yr
9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹9.6 L/yr
10 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹9.8 L/yr
11 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹10 L/yr

View all

From

Deputy Manager

₹

Lakhs/yr

0 - 12 years exp.

Assistant Vice President

₹

Lakhs/yr

8 - 23 years exp.

Deputy Manager 0 - 12 years exp.

Manager 5 - 15 years exp.

86% hike

Senior Manager 3 - 17 years exp.

76% hike

Similar Designation salaries in Max Life Insurance

Area Manager Salary

(8 salaries)

₹5 L/yr - ₹12.9 L/yr

Branch Manager Salary

(3 salaries)

₹10.05 L/yr - ₹11 L/yr

Top skills at Max Life Insurance for Deputy Manager

Sales Financial Services Sales Process Management Excel Relationship Management Relationship Building Financial Planning Customer Service Finance Mutual Funds Loans Customer Experience Banking Service Delivery

Salary related reviews for Max Life Insurance

5.0

Rated by 3 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

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.

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

Operations Executive in Ranchi

BFSI, Investments & Trading Department

5.0

• posted on 28 May 2019

5.0

for Salary and Benefits

Likes

Working with the max life insurance is such a great experience . My team leaders are very supportive , salary package is not to too but its okay, i have learned too many things there but work life balance is not too good

Salary - Excellent

+6 more

Dislikes

The thing that i dislike in working in max life insurance that is we all employee work every sunday but not even a single employee get compensation for the working on sunday.

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What people are saying about Max Life Insurance

View All

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 Salary FAQs

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

Deputy Manager salary at Max Life Insurance in Indore ranges between ₹2.7 Lakhs to ₹7.3 Lakhs for less than 1 year of experience to 11 years. According to our estimates it is 39% less than the average Deputy Manager Salary in India. Salary estimates are based on 33 latest salaries received from various employees of Max Life Insurance Indore.

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

The average salary of a Deputy Manager at Max Life Insurance is 39% less than the average salary of a Deputy Manager in Indore. To know exact salary insights, login to view.

What are the top skills required to work as a Deputy Manager at Max Life Insurance?

Sales, Financial Services, Sales Process, Management and Excel are some of the popular skills required to work as a Deputy Manager at Max Life Insurance Indore.

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

Cipla Deputy Manager Salary - ₹6.0 Lakhs to ₹16.0 Lakhs per year
VE Commercial Vehicles Deputy Manager Salary - ₹5.0 Lakhs to ₹17.0 Lakhs per year
Jio Deputy Manager Salary - ₹4.5 Lakhs to ₹13.1 Lakhs per year
Magma HDI General Insurance Deputy Manager Salary - ₹5.8 Lakhs to ₹9.2 Lakhs per year
ICICI Bank Deputy Manager Salary - ₹2.4 Lakhs to ₹10.6 Lakhs per year

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

The estimated take-home salary of a Deputy Manager at Max Life Insurance ranges between ₹37,060 per month to ₹38,269 per month in Indore. The take-home salary calculation is based on the average Max Life Insurance Deputy Manager salary in India which ranges between ₹2.7 Lakhs to ₹7.3 Lakhs per year for employees with less than 1 year of experience to 11 years. Check how did we calculate take home salary?

What is the notice period for Deputy Manager at Max Life Insurance in Indore?

According to AmbitionBox, 50% of the Max Life Insurance Deputy Managers in Indore reported a notice period of 1 Month, 30% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 20 responses on AmbitionBox in last 2 years.

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Max Life Insurance Deputy Manager Salaries in Indore

Max Life Insurance Deputy Manager salary in Indore ranges between ₹2.7 Lakhs to ₹7.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 33 Max Life Insurance latest salaries received from various employees of Max Life Insurance.