Max Life Insurance Mumbai Insurance Manager Salaries by 4 Employees (Updated 2024)

0 - 7 years exp.

₹3 Lakhs - ₹4 Lakhs

Salary of majority employees

6% less than the average Insurance Manager Salary in Insurance Companies for 0 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Insurance Manager Salary 7 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹3.9 L/yr
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Finance & Accounting Insurance Manager Salary Fresher (AmbitionBox Estimate)	₹3.3 L/yr - ₹4 L/yr

Last Updated: 16 Mar 2023

Companies similar to Max Life Insurance for Insurance Manager in Mumbai

Max Life Insurance Insurance Manager Salary

0 - 7 years exp. (4 salaries)

₹3 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Insurance Manager Salary 1 - 5 years exp. (6 salaries)	₹2.7 L/yr - ₹5.5 L/yr 3% more
Bajaj Allianz Life Insurance Insurance Manager Salary 1 - 7 years exp. (3 salaries)	₹3.1 L/yr - ₹6 L/yr 16% more
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Kotak Mahindara Life Insurance Insurance Manager Salary 1 - 3 years exp. (3 salaries)	₹2.5 L/yr - ₹3.8 L/yr 5% more
Siemens Financial Services Insurance Manager Salary 14 - 18 years exp. (4 salaries)	₹7.5 L/yr - ₹10 L/yr 157% more
Piramal Capital Housing Finance Insurance Manager Salary 12 - 18 years exp. (4 salaries)	₹8.6 L/yr - ₹13 L/yr 175% more

Insurance Manager salary at Max Life Insurance ranges between ₹3 Lakhs to ₹4 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Insurance Manager salaries in Mumbai

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.3 L/yr - ₹4 L/yr
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
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2 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.2 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.3 L/yr
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
5 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
7 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.9 L/yr

View all

Similar Designation salaries in Max Life Insurance

Deputy Manager Salary

(71 salaries)

₹3.15 L/yr - ₹7.7 L/yr

Sales Manager Salary

(68 salaries)

₹2.3 L/yr - ₹6 L/yr

Area Manager Salary

(30 salaries)

₹5 L/yr - ₹13.1 L/yr

Assistant Sales Manager Salary

(19 salaries)

₹2.5 L/yr - ₹4.5 L/yr

Branch Manager Salary

(11 salaries)

₹7.3 L/yr - ₹12 L/yr

Area Sales Manager Salary

(5 salaries)

₹6.5 L/yr - ₹8.4 L/yr

Territory Manager Salary

(3 salaries)

₹10.35 L/yr - ₹16 L/yr

Top skills at Max Life Insurance for Insurance Manager

Life Insurance agency Sales Agent Recruitment

Salary related reviews for Max Life Insurance

5.0

Rated by 1 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.

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.

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.

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.

Dislikes

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.

Dislikes

Nothing Nothing Nothing

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Top trending discussions

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Max Life Insurance Insurance Manager Salary FAQs

What is the salary of Insurance Manager at Max Life Insurance Mumbai?

Insurance Manager salary at Max Life Insurance in Mumbai ranges between ₹3.0 Lakhs to ₹4.0 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 6% less than the average Insurance Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Max Life Insurance Mumbai.

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

The average salary of a Insurance Manager at Max Life Insurance is 6% less than the average salary of a Insurance Manager in Mumbai. To know exact salary insights, login to view.

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

Life Insurance, agency, Sales and Agent Recruitment are some of the popular skills required to work as a Insurance Manager at Max Life Insurance Mumbai.

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

Piramal Capital Housing Finance Insurance Manager Salary - ₹8.6 Lakhs to ₹13.0 Lakhs per year
Siemens Financial Services Insurance Manager Salary - ₹7.5 Lakhs to ₹10.0 Lakhs per year
Bajaj Allianz Life Insurance Insurance Manager Salary - ₹3.1 Lakhs to ₹6.0 Lakhs per year
Kotak Mahindara Life Insurance Insurance Manager Salary - ₹2.5 Lakhs to ₹3.8 Lakhs per year
HDFC Life Insurance Manager Salary - ₹2.7 Lakhs to ₹5.5 Lakhs per year

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

The estimated take-home salary of a Insurance Manager at Max Life Insurance ranges between ₹25,774 per month to ₹27,201 per month in Mumbai. The take-home salary calculation is based on the average Max Life Insurance Insurance Manager salary in India which ranges between ₹3.0 Lakhs to ₹4.0 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Max Life Insurance Insurance Managers in Mumbai reported a notice period of More than 3 months.This is based on 1 response on AmbitionBox in last 2 years.

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Max Life Insurance Insurance Manager Salaries in Mumbai

Max Life Insurance Insurance Manager salary in Mumbai ranges between ₹3 Lakhs to ₹4 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.