Max Life Insurance Mumbai Manager Salaries by 20+ Employees (Updated 2024)

4 - 15 years exp.

₹4 Lakhs - ₹15 Lakhs

Salary of majority employees

47% less than the average Manager Salary in Insurance Companies for 4 - 15 years of experience

Interested in this particular role? 9 job openings

Salaries in different departments

BFSI, Investments & Trading Manager Salary 4 - 15 years exp. (7 salaries)	₹5.5 L/yr - ₹13.8 L/yr
Sales & Business Development Manager Salary 5 - 15 years exp. (6 salaries)	₹4.1 L/yr - ₹10.5 L/yr
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Customer Success, Service & Operations Manager Salary 4 - 6 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹11.7 L/yr
Human Resources Manager Salary 7 - 10 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹12.5 L/yr
Data Science & Analytics Manager Salary 10 years exp. (AmbitionBox Estimate)	₹4.7 L/yr - ₹11.4 L/yr

View all

Last Updated: 7 Nov 2024

Companies similar to Max Life Insurance for Manager in Mumbai

Max Life Insurance Manager Salary

4 - 15 years exp. (22 salaries)

₹4 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Manager Salary 1 - 16 years exp. (246 salaries)	₹5.6 L/yr - ₹16.8 L/yr 9% more
ICICI Prudential Life Insurance Manager Salary 1 - 13 years exp. (170 salaries)	₹4 L/yr - ₹12.2 L/yr 11% less
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SBI Life Insurance Company Manager Salary 3 - 20 years exp. (156 salaries)	₹5.2 L/yr - ₹17 L/yr 30% more
Bajaj Allianz Life Insurance Manager Salary 2 - 15 years exp. (35 salaries)	₹8.4 L/yr - ₹20 L/yr 48% more	1 job opening
Tata AIA Life Insurance Manager Salary 4 - 18 years exp. (166 salaries)	₹7.2 L/yr - ₹28 L/yr 81% more	19 job openings
Reliance Nippon Life Insurance Manager Salary 2 - 16 years exp. (59 salaries)	₹3.2 L/yr - ₹11.7 L/yr 21% less
Kotak Mahindara Life Insurance Manager Salary 0 - 12 years exp. (245 salaries)	₹2.4 L/yr - ₹8.5 L/yr 35% less	3 job openings
Bharti AXA Life Insurance Manager Salary 2 - 16 years exp. (68 salaries)	₹6.5 L/yr - ₹18 L/yr 54% more
Aditya Birla Sun Life Insurance Manager Salary 0 - 12 years exp. (107 salaries)	₹4.8 L/yr - ₹18 L/yr 21% more
PNB MetLife Manager Salary 6 - 17 years exp. (33 salaries)	₹4.5 L/yr - ₹15.5 L/yr 23% more	1 job opening

View all

Manager salary at Max Life Insurance ranges between ₹4 Lakhs to ₹15 Lakhs per year for employees with experience between 4 years to 15 years. Salary estimates are based on 22 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Manager salaries in Mumbai

Last Updated: 7 Nov 2024

Experience	Avg Annual Salary
4 years (3 salaries)	₹4.5 L/yr - ₹11.1 L/yr
5 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹12.6 L/yr
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6 years (4 salaries)	₹4 L/yr - ₹13.3 L/yr
7 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹14 L/yr
8 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹14.7 L/yr
9 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹15.4 L/yr
10 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹12.5 L/yr
11 years (AmbitionBox Estimate)	₹9 L/yr - ₹16.7 L/yr
12 years (3 salaries)	₹8 L/yr - ₹10.4 L/yr
13 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
14 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr
15+ years (4 salaries)	₹9.5 L/yr - ₹15 L/yr

View all

From

Manager

₹

Lakhs/yr

4 - 15 years exp.

Assistant Vice President

₹

Lakhs/yr

8 - 23 years exp.

Manager 4 - 15 years exp.

Senior Manager 4 - 18 years exp.

79% hike

Chief Manager 8 - 20 years exp.

54% hike

Similar Designation salaries in Max Life Insurance

Deputy Manager Salary

(70 salaries)

₹3.15 L/yr - ₹7.7 L/yr

Management Trainee Salary

(3 salaries)

₹20.43 L/yr - ₹22 L/yr

Top skills at Max Life Insurance for Manager

Recruitment Financial Services Management Relationship Building Sales

Salary related reviews for Max Life Insurance

3.5

Rated by 5 employees for salary & benefits

Manager in Gurgaon / Gurugram

Sales & Operations Department

3.0

• posted on 01 Apr 2021

3.0

for Salary and Benefits

Likes

Overall it is like other companies, compensation is also good. The most important thing work life balance is not so managed.

Dislikes

Overall it is like other companies only work life balance is missing due to their policies

Manager in New Delhi

BFSI, Investments & Trading Department

4.0

• posted on 09 Oct 2021

3.0

for Salary and Benefits

Likes

Itnis a good company to work but there is too much politics due to which I had quit the job in this precious time of corona

Dislikes

Salary hike is not there, you have to please your senior's for correcting your salary. I joined max in 2012 at a salry of 2.88 and after 8 years my slaary was 3.88.see the inequality for the employee.

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.

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

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.

see more salary related reviews

Discover interview dos and don'ts from real experiences

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 Manager Salary FAQs

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

Manager salary at Max Life Insurance in Mumbai ranges between ₹4.0 Lakhs to ₹15.0 Lakhs for experience between 4 years to 15 years. According to our estimates it is 47% less than the average Manager Salary in India. Salary estimates are based on 22 latest salaries received from various employees of Max Life Insurance Mumbai.

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

The average salary of a Manager at Max Life Insurance is 47% less than the average salary of a Manager in Mumbai. To know exact salary insights, login to view.

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

Recruitment, Financial Services, Management, Relationship Building and Sales are some of the popular skills required to work as a Manager at Max Life Insurance Mumbai.

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

Bajaj Allianz General Insurance Manager Salary - ₹11.8 Lakhs to ₹21.0 Lakhs per year
Tata AIA Life Insurance Manager Salary - ₹7.2 Lakhs to ₹28.0 Lakhs per year
ManipalCigna Health Insurance Manager Salary - ₹8.0 Lakhs to ₹18.5 Lakhs per year
Bharti AXA Life Insurance Manager Salary - ₹6.5 Lakhs to ₹18.0 Lakhs per year
Star Union Dai-ichi Life Insurance Manager Salary - ₹6.3 Lakhs to ₹21.5 Lakhs per year

What is the salary of a Manager in companies similar to Max Life Insurance in Mumbai?

Bajaj Allianz Life Insurance Manager Salary - ₹8.4 Lakhs to ₹20.0 Lakhs per year
Magma HDI General Insurance Manager Salary - ₹9.0 Lakhs to ₹14.0 Lakhs per year
Gallagher Manager Salary - ₹10.1 Lakhs to ₹14.0 Lakhs per year
SBI Life Insurance Company Manager Salary - ₹5.2 Lakhs to ₹17.0 Lakhs per year
PNB MetLife Manager Salary - ₹4.5 Lakhs to ₹15.5 Lakhs per year

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

The estimated take-home salary of a Manager at Max Life Insurance ranges between ₹63,784 per month to ₹65,408 per month in Mumbai. The take-home salary calculation is based on the average Max Life Insurance Manager salary in India which ranges between ₹4.0 Lakhs to ₹15.0 Lakhs per year for employees with experience between 4 years to 15 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 30% of the Max Life Insurance Managers in Mumbai reported a notice period of 15 days or less, 25% reported a notice period of 1 Month 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 Manager Salaries in Mumbai

Max Life Insurance Manager salary in Mumbai ranges between ₹4 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 Max Life Insurance latest salaries received from various employees of Max Life Insurance.