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4.1

based on 5k Reviews

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Max Life Insurance Financial Advisor salaries in Mumbai

Annual salary range
2 - 8 years exp.
₹2.2 Lakhs - ₹4 Lakhs
Salary of majority employees
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25% less than the average Financial Advisor Salary in Insurance Companies for 2 - 8 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Finance & Accounting
Financial Advisor Salary
2 - 6 years exp. (3 salaries)
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₹2.2 L/yr - ₹4 L/yr

BFSI, Investments & Trading
Financial Advisor Salary
4 years exp. (AmbitionBox Estimate)
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₹2.2 L/yr - ₹3.3 L/yr

Last Updated: 10 Sep 2024

Companies similar to Max Life Insurance for Financial Advisor in Mumbai

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Max Life Insurance Financial Advisor Salary

2 - 8 years exp. (5 salaries)

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₹2.2 L/yr - ₹4 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Financial Advisor Salary

1 - 4 years exp. (4 salaries)

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₹1.5 L/yr - ₹5 L/yr

arrow icon 7% less
1 job opening
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₹2 L/yr - ₹6 L/yr

arrow icon 6% more
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₹1.5 L/yr - ₹6 L/yr

arrow icon 11% more
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₹2 L/yr - ₹5 L/yr

arrow icon 11% less
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₹2.4 L/yr - ₹3 L/yr

arrow icon 15% less
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₹2.2 L/yr - ₹2.5 L/yr

arrow icon 35% less
Financial Advisor salary at Max Life Insurance ranges between ₹2.2 Lakhs to ₹4 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 5 latest salaries received from various employees of Max Life Insurance.

Latest annual salaries shared by Max Life Insurance Financial Advisor in Mumbai

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2 years exp.
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6 years exp.
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Experience wise Max Life Insurance Financial Advisor salaries in Mumbai

Last Updated: 10 Sep 2024

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹5.6 L/yr
4 years (AmbitionBox Estimate)

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₹1.3 L/yr - ₹3.3 L/yr
5 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.9 L/yr
6 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹6.3 L/yr
View all

Similar Designation salaries in Max Life Insurance

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₹21.21 L/yr - ₹22 L/yr

Top skills at Max Life Insurance for Financial Advisor

Relationship Interpersonal Skills Business Management Banking Sales Salesforce Lead Generation Communication Skills Investment Advisory Financial Advisory Insurance Sales Dealing hni financial sales part time Sales

Salary related reviews for Max Life Insurance

Other Department

4.0
  •  posted on 11 Mar 2019

4.0
 for  Salary and Benefits

Likes

... insurance sector. There is a chance to growth provided one who work restlessly. Regarding salary and job security, it would be better if no comments are made. Work environment is average as the leader do not take team together though there is lot of scope for learning. Employees hardly stick in the company due to cheap politics at supervisory cadre. Company keeps very high target in short notice fot bonus and rewards. Many Sales Managers give false information to get the call into conversion. If the proper training is given to advisors, without the help of Sales perdonnel, company may ger good amount of premium. If the company gives free hand and goid package to financial advisors, company can reach anticipated target. In my case this has happened.

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Dislikes

Many Trainers are not wellversed with English language and explain in regional language about products. Hence we find it difficult to understand and catchhold HNV clients due to insufficient knowledge. Sales Managers hardly acvompany the advisors and most of the time they fail to convert into business, particularly large size premium. They lack ownership due to which company do not get the targetted business.

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Full Time

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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.

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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.

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Full Time

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Data Science & Analytics Department

3.0
  •  posted on 01 Aug 2024

3.0
 for  Salary and Benefits

Likes

Office Space Multiple business problems to solve.

Dislikes

Salary Too much office politics. Sometimes good work is limited to some folks. Career growth opportunities are limited to only some section of the teams

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Full Time

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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.

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Full Time

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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.

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Max Life Insurance Financial Advisor Salary FAQs

What is the salary of Financial Advisor at Max Life Insurance Mumbai?
Financial Advisor salary at Max Life Insurance in Mumbai ranges between ₹2.2 Lakhs to ₹4.0 Lakhs for experience between 2 years to 8 years. According to our estimates it is 25% less than the average Financial Advisor Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Max Life Insurance Mumbai.
How does the salary of a Financial Advisor at Max Life Insurance Mumbai compare with the average salary range for this job?
The average salary of a Financial Advisor at Max Life Insurance is 25% less than the average salary of a Financial Advisor in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Financial Advisor at Max Life Insurance?
Relationship, Interpersonal Skills, Business Management, Banking Sales and Salesforce are some of the popular skills required to work as a Financial Advisor at Max Life Insurance Mumbai.
Which similar companies are paying more than Max Life Insurance to a Financial Advisor in Mumbai?
  • Kotak Mahindara Life Insurance Financial Advisor Salary - ₹1.5 Lakhs to ₹6.0 Lakhs per year
  • ICICI Prudential Life Insurance Financial Advisor Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year
What is the salary of a Financial Advisor in companies similar to Max Life Insurance in Mumbai?
  • HDFC Life Financial Advisor Salary - ₹1.5 Lakhs to ₹5.0 Lakhs per year
  • Life Insurance Corporation of India Financial Advisor Salary - ₹2.0 Lakhs to ₹5.0 Lakhs per year
  • Canara HSBC Life Insurance Financial Advisor Salary - ₹2.4 Lakhs to ₹3.0 Lakhs per year
  • Ageas Federal Life Insurance Financial Advisor Salary - ₹2.2 Lakhs to ₹2.5 Lakhs per year
What is the estimated take home salary of a Financial Advisor at Max Life Insurance in Mumbai?
The estimated take-home salary of a Financial Advisor at Max Life Insurance ranges between ₹24,372 per month to ₹25,820 per month in Mumbai. The take-home salary calculation is based on the average Max Life Insurance Financial Advisor salary in India which ranges between ₹2.2 Lakhs to ₹4.0 Lakhs per year for employees with experience between 2 years to 8 years. Check how did we calculate take home salary?
What is the notice period for Financial Advisor at Max Life Insurance in Mumbai?
According to AmbitionBox, 100% of the Max Life Insurance Financial Advisors in Mumbai reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

Tell us how to improve this page.

Max Life Insurance Financial Advisor salary in Mumbai ranges between ₹2.2 Lakhs to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Max Life Insurance latest salaries received from various employees of Max Life Insurance.