Max Life Insurance Insurance Analyst Salaries by 5 Employees (Updated 2025)

1 - 6 years exp.

₹2.5 Lakhs - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

24% less than the average Insurance Analyst Salary in Insurance Companies for 1 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations Insurance Analyst Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr
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BFSI, Investments & Trading Insurance Analyst Salary 5 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 25 Mar 2023

Companies similar to Max Life Insurance for Insurance Analyst

Company name	Avg Annual Salary	Open Jobs
HDFC Life Insurance Analyst Salary 1 - 11 years exp. (5 salaries)	₹1 L/yr - ₹5.5 L/yr 30% more
SBI Life Insurance Company Insurance Analyst Salary 0 - 12 years exp. (4 salaries)	₹2 L/yr - ₹14 L/yr 121% more
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Bajaj Allianz Life Insurance Insurance Analyst Salary 1 - 2 years exp. (3 salaries)	₹1.5 L/yr - ₹3.9 L/yr 4% more
Reliance Nippon Life Insurance Insurance Analyst Salary 2 - 6 years exp. (3 salaries)	₹1.9 L/yr - ₹2.4 L/yr 24% less
Tata AIA Life Insurance Insurance Analyst Salary 0 - 7 years exp. (3 salaries)	₹3 L/yr - ₹5.5 L/yr 38% more
Aditya Birla Sun Life Insurance Insurance Analyst Salary 2 - 8 years exp. (3 salaries)	₹2.5 L/yr - ₹5.6 L/yr 64% more
Gallagher Insurance Analyst Salary 1 - 5 years exp. (12 salaries)	₹2.3 L/yr - ₹3 L/yr 5% less
ICICI Lombard General Insurance Company Insurance Analyst Salary 1 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹4.5 L/yr 1% less
Cholamandalam MS General Insurance Insurance Analyst Salary 3 - 7 years exp. (4 salaries)	₹1.8 L/yr - ₹8.5 L/yr 102% more
Bajaj Allianz General Insurance Insurance Analyst Salary 1 - 10 years exp. (3 salaries)	₹0.8 L/yr - ₹2 L/yr 45% less
Allianz Insurance Analyst Salary 2 - 6 years exp. (3 salaries)	₹3.8 L/yr - ₹4.7 L/yr 49% more
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Insurance Analyst salary at Max Life Insurance ranges between ₹2.5 Lakhs to ₹3.5 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 5 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Insurance Analyst salaries

Last Updated: 25 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1 L/yr - ₹2.5 L/yr
2 years (AmbitionBox Estimate)	₹1 L/yr - ₹2.5 L/yr
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3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.5 L/yr
6 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.3 L/yr

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Similar Designation salaries in Max Life Insurance

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Senior Analyst Salary

(9 salaries)

₹5.8 L/yr - ₹18.01 L/yr

Analyst Salary

(18 salaries)

₹2.65 L/yr - ₹12.5 L/yr

Senior Business Analyst Salary

(6 salaries)

₹9 L/yr - ₹12.25 L/yr

Team Lead Salary

(18 salaries)

₹3 L/yr - ₹9 L/yr

Associate Consultant Salary

(4 salaries)

₹2.4 L/yr - ₹4.2 L/yr

Senior Advisor Salary

(4 salaries)

₹1 L/yr - ₹7 L/yr

Deputy Manager Salary

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₹2.4 L/yr - ₹9 L/yr

Sales Manager Salary

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₹2.3 L/yr - ₹6.22 L/yr

Salary related reviews for 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

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

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

Data Scientist in Gurgaon / Gurugram

Full Time

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

Company culture - Poor

+1 more

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

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 Insurance Analyst Salary FAQs

What is the salary of Insurance Analyst at Max Life Insurance?

Insurance Analyst salary at Max Life Insurance in India ranges between ₹2.5 Lakhs to ₹3.5 Lakhs for experience between 1 years to 6 years. According to our estimates it is 24% less than the average Insurance Analyst 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 Insurance Analyst at Max Life Insurance India compare with the average salary range for this job?

The average salary of a Insurance Analyst at Max Life Insurance is 24% less than the average salary of a Insurance Analyst in India. To know exact salary insights, login to view.

Which similar companies are paying more than Max Life Insurance to a Insurance Analyst in India?

SBI Life Insurance Company Insurance Analyst Salary - ₹2.0 Lakhs to ₹14.0 Lakhs per year
Cholamandalam MS General Insurance Insurance Analyst Salary - ₹1.8 Lakhs to ₹8.5 Lakhs per year
Aditya Birla Sun Life Insurance Insurance Analyst Salary - ₹2.5 Lakhs to ₹5.6 Lakhs per year
Allianz Insurance Analyst Salary - ₹3.8 Lakhs to ₹4.7 Lakhs per year
Tata AIA Life Insurance Insurance Analyst Salary - ₹3.0 Lakhs to ₹5.5 Lakhs per year

What is the salary of a Insurance Analyst in companies similar to Max Life Insurance in India?

HDFC Life Insurance Analyst Salary - ₹1.0 Lakhs to ₹5.5 Lakhs per year
Bajaj Allianz Life Insurance Insurance Analyst Salary - ₹1.5 Lakhs to ₹3.9 Lakhs per year
ICICI Lombard General Insurance Company Insurance Analyst Salary - ₹1.8 Lakhs to ₹4.5 Lakhs per year
Gallagher Insurance Analyst Salary - ₹2.3 Lakhs to ₹3.0 Lakhs per year
Reliance Nippon Life Insurance Insurance Analyst Salary - ₹1.9 Lakhs to ₹2.4 Lakhs per year

What is the estimated take home salary of a Insurance Analyst at Max Life Insurance in India?

The estimated take-home salary of a Insurance Analyst at Max Life Insurance ranges between ₹19,659 per month to ₹21,328 per month in India. The take-home salary calculation is based on the average Max Life Insurance Insurance Analyst salary in India which ranges between ₹2.5 Lakhs to ₹3.5 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Insurance Analyst at Max Life Insurance?

According to AmbitionBox, 33% of the Max Life Insurance Insurance Analysts 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 Insurance Analyst Salaries

Max Life Insurance Insurance Analyst salary in India ranges between ₹2.5 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Max Life Insurance latest salaries received from various employees of Max Life Insurance.