Axis Max Life Insurance Mumbai Manager Salaries by 20+ Employees (Updated 2025)

4 - 15 years exp.

₹4 Lakhs - ₹12.2 Lakhs

Salary of majority employees

53% less than the average Manager Salary in Insurance Companies for 4 - 15 years of experience

Interested in this particular role? 5 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. (7 salaries)	₹4.1 L/yr - ₹10.5 L/yr
Login to view exact salary
Customer Success, Service & Operations Manager Salary 4 - 6 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹10.3 L/yr
Data Science & Analytics Manager Salary 10 years exp. (AmbitionBox Estimate)	₹4.7 L/yr - ₹10.3 L/yr
Finance & Accounting Manager Salary 4 years exp. (AmbitionBox Estimate)	₹4.8 L/yr - ₹10.3 L/yr

Last Updated: 19 Feb 2025

Companies similar to Axis Max Life Insurance for Manager in Mumbai

Axis Max Life Insurance Manager Salary

4 - 15 years exp. (21 salaries)

₹4 L/yr - ₹12.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Manager Salary 2 - 16 years exp. (281 salaries)	₹6 L/yr - ₹16 L/yr 23% more	1 job opening
Kotak Mahindara Life Insurance Manager Salary 0 - 12 years exp. (237 salaries)	₹3 L/yr - ₹8.5 L/yr 28% less
Login to view exact salary
ICICI Prudential Life Insurance Manager Salary 1 - 13 years exp. (183 salaries)	₹4 L/yr - ₹14.2 L/yr 5% more
SBI Life Insurance Company Manager Salary 3 - 20 years exp. (169 salaries)	₹5.5 L/yr - ₹17 L/yr 46% more
Tata AIA Life Insurance Manager Salary 3 - 18 years exp. (152 salaries)	₹6.7 L/yr - ₹29.1 L/yr 112% more	2 job openings
HDFC Ergo General Insurance Manager Salary 4 - 16 years exp. (144 salaries)	₹4.5 L/yr - ₹15 L/yr 29% more
ICICI Lombard General Insurance Company Manager Salary 2 - 14 years exp. (115 salaries)	₹3.5 L/yr - ₹12.1 L/yr 9% less
Aditya Birla Sun Life Insurance Manager Salary 0 - 12 years exp. (108 salaries)	₹5 L/yr - ₹18 L/yr 42% more
Reliance Nippon Life Insurance Manager Salary 2 - 18 years exp. (65 salaries)	₹3.2 L/yr - ₹11.8 L/yr 9% less
Bajaj Allianz Life Insurance Manager Salary 3 - 18 years exp. (40 salaries)	₹8.5 L/yr - ₹18.5 L/yr 69% more

View all

Manager salary at Axis Max Life Insurance ranges between ₹4 Lakhs to ₹12.2 Lakhs per year for employees with experience between 4 years to 15 years. Salary estimates are based on 21 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Axis Max Life Insurance Manager salaries in Mumbai

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
4 years (3 salaries)	₹4.5 L/yr - ₹9.8 L/yr
5 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹6 L/yr
Login to view exact salary
6 years (4 salaries)	₹4 L/yr - ₹7 L/yr
7 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹8.5 L/yr
8 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹12.9 L/yr
9 years (AmbitionBox Estimate)	₹3 L/yr - ₹7.7 L/yr
10 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹14.4 L/yr
11 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹9 L/yr
12 years (3 salaries)	₹8 L/yr - ₹10.4 L/yr
13 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
14 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.2 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

13 - 24 years exp.

Manager

4 - 15 years exp.

Senior Manager

3 - 17 years exp.

118% hike

Chief Manager

7 - 20 years exp.

33% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Axis Max Life Insurance

Deputy Manager Salary

(68 salaries)

₹3.15 L/yr - ₹7.7 L/yr

Management Trainee Salary

(3 salaries)

₹21.19 L/yr - ₹22 L/yr

Top skills at Axis Max Life Insurance for Manager

Recruitment Financial Services Management Sales Relationship Building

Salary related reviews for Axis Max Life Insurance

3.2

Rated by 6 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

Company culture - Poor

+1 more

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.

Promotions - Poor

+2 more

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

Agency Development Manager in Kollam

Full Time

Sales & Business Development Department

1.0

• posted on 06 Feb 2025

2.0

for Salary and Benefits

Likes

Second Saturday and Sunday, third Saturday and Sundays are off. No other perks.

Dislikes

... from you. More than 5 persons already left the office with their toxic culture. Don't trust their words during interview they will give a package which is lesser than your current ctc and will give excuses as you will earn promotions in a fast track mode. nothing doing you will not meet their unrealistic targets. Hope my review will help future comers. thank you.

Salary - Poor

+6 more

Assistant Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 03 Feb 2025

2.0

for Salary and Benefits

Likes

The thing is like about max life insurance is salary credit is on time and 2nd and 3rd Saturday is also weekoff.

Dislikes

...they expect high level quality work from employees. Worst management and system. Field work also involved in the low salary. 2 field visit per day.

Salary - Poor

+5 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

Got a question about Axis Max Life Insurance?

Ask anonymously on communities.

Axis Max Life Insurance Manager Salary FAQs

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

The average salary of a Manager at Axis Max Life Insurance in Mumbai typically ranges from ₹4.0 Lakhs to ₹12.2 Lakhs per year, depending on experience (from 4 years to 15 years).

The top 10% of Manager in Mumbai at Axis Max Life Insurance earn more than ₹12.2 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Manager Salaries at Axis Max Life Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 20+ Axis Max Life Insurance employees in India.

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

The estimated take-home salary of a Manager at Axis Max Life Insurance in Mumbai typically ranges from ₹57,604 to ₹59,053 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹12.2 Lakhs per year for employees with experience ranging from 4 years to 15 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 20+ salaries received from various employees of Axis Max Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Manager at Axis Max Life Insurance in Mumbai?

To be a Manager at Axis Max Life Insurance in Mumbai, the key skills required include:

- Recruitment
- Financial Services
- Management
- Sales
- Relationship Building

These skills are highly valued at Axis Max Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Axis Max Life Insurance for Manager in India?

Tata AIA Life Insurance	₹6.7 Lakhs to ₹29.1 Lakhs per year
Bajaj Allianz General Insurance	₹11.8 Lakhs to ₹21.0 Lakhs per year
ManipalCigna Health Insurance	₹8.0 Lakhs to ₹18.5 Lakhs per year
Bajaj Allianz Life Insurance	₹8.5 Lakhs to ₹18.5 Lakhs per year
Star Union Dai-ichi Life Insurance	₹6.3 Lakhs to ₹18.7 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Axis Max Life Insurance, depending on the role and experience level.

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

The salary of a Manager at companies similar to Axis Max Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Magma HDI General Insurance	₹9.0 Lakhs to ₹14.8 Lakhs per year
Gallagher	₹12.0 Lakhs to ₹14.0 Lakhs per year
SBI Life Insurance Company	₹5.5 Lakhs to ₹17.0 Lakhs per year
PNB MetLife	₹4.7 Lakhs to ₹15.5 Lakhs per year
Aviva Life Insurance India	₹7.5 Lakhs to ₹14.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Manager at Axis Max Life Insurance in Mumbai?

The salary growth for a Manager at Axis Max Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Manager in Mumbai can expect the following growth trajectory at Axis Max Life Insurance:

Experience	Average Salary Range
4 years	₹4.5 Lakhs to ₹9.8 Lakhs per year
5 years	₹4.1 Lakhs to ₹6.0 Lakhs per year
6 years	₹4.0 Lakhs to ₹7.0 Lakhs per year
7 years	₹2.7 Lakhs to ₹8.5 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Axis Max Life Insurance Salaries >
Axis Max Life Insurance Manager Salaries >
Axis Max Life Insurance Manager Salaries in Mumbai

Axis Max Life Insurance Manager salary in Mumbai ranges between ₹4 Lakhs to ₹12.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 21 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.