Max Life Insurance Medical Underwriter Salaries by 10+ Employees (Updated 2025)

1 - 12 years exp.

₹3.1 Lakhs - ₹11.5 Lakhs

Salary of majority employees

43% more than the average Medical Underwriter Salary in Insurance Companies for 1 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Medical Underwriter Salary 1 - 8 years exp. (8 salaries)	₹3.5 L/yr - ₹8 L/yr
Healthcare & Life Sciences Medical Underwriter Salary 2 - 10 years exp. (7 salaries)	₹3.1 L/yr - ₹10 L/yr
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Risk Management & Compliance Medical Underwriter Salary 1 - 6 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹7 L/yr
Research & Development Medical Underwriter Salary 2 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹9.4 L/yr

Last Updated: 23 Dec 2024

Companies similar to Max Life Insurance for Medical Underwriter

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Medical Underwriter Salary 1 - 6 years exp. (51 salaries)	₹3 L/yr - ₹9 L/yr 13% less
HDFC Life Medical Underwriter Salary 1 - 9 years exp. (19 salaries)	₹2.5 L/yr - ₹7.8 L/yr 26% less
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SBI Life Insurance Company Medical Underwriter Salary 1 - 12 years exp. (4 salaries)	₹3.5 L/yr - ₹5 L/yr 38% less
Bajaj Allianz Life Insurance Medical Underwriter Salary 1 - 7 years exp. (8 salaries)	₹3 L/yr - ₹8.5 L/yr 16% less
Kotak Mahindara Life Insurance Medical Underwriter Salary 0 - 2 years exp. (6 salaries)	₹5.2 L/yr - ₹8 L/yr 15% less
Tata AIA Life Insurance Medical Underwriter Salary 2 - 4 years exp. (8 salaries)	₹4.3 L/yr - ₹8.1 L/yr At par
PNB MetLife Medical Underwriter Salary 1 - 14 years exp. (10 salaries)	₹4.3 L/yr - ₹13 L/yr 14% more
Care Health Insurance Medical Underwriter Salary 1 - 5 years exp. (30 salaries)	₹3 L/yr - ₹5.5 L/yr 33% less
HDFC Ergo General Insurance Medical Underwriter Salary 0 - 7 years exp. (14 salaries)	₹3 L/yr - ₹6.1 L/yr 37% less
Royal Sundaram General Insurance Medical Underwriter Salary 5 - 10 years exp. (11 salaries)	₹4.1 L/yr - ₹11 L/yr 6% less
Star Health & Allied Insurance Medical Underwriter Salary 1 - 5 years exp. (7 salaries)	₹3 L/yr - ₹7 L/yr 38% less
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ManipalCigna Health Insurance Medical Underwriter Salary 2 - 11 years exp. (7 salaries)	₹4.1 L/yr - ₹7.2 L/yr 14% less
ICICI Lombard General Insurance Company Medical Underwriter Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr 16% less
Shriram Life Insurance Medical Underwriter Salary 2 - 4 years exp. (3 salaries)	₹4 L/yr - ₹6.5 L/yr 27% less

Medical Underwriter salary at Max Life Insurance ranges between ₹3.1 Lakhs to ₹11.5 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 19 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Medical Underwriter salaries

Last Updated: 23 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.8 L/yr
2 years (4 salaries)	₹3.1 L/yr - ₹7.8 L/yr
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3 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹8.8 L/yr
4 years (3 salaries)	₹4 L/yr - ₹7 L/yr
5 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
6 years (3 salaries)	₹4.8 L/yr - ₹7 L/yr
7 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹7.5 L/yr
8 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹8 L/yr
9 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
10 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
12 years (AmbitionBox Estimate)	₹4 L/yr - ₹12.8 L/yr

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Similar Designation salaries in Max Life Insurance

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Team Lead Salary

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QA Executive Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Research Associate Salary

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₹2.1 L/yr - ₹2.5 L/yr

Data Analyst Salary

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₹3 L/yr - ₹5 L/yr

Deputy Manager Salary

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₹2.4 L/yr - ₹9 L/yr

Officer Salary

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₹2.8 L/yr - ₹12 L/yr

Quality Analyst Salary

(12 salaries)

₹2.6 L/yr - ₹4.5 L/yr

Document Controller Salary

(AmbitionBox Estimate)

₹1.5 L/yr - ₹2 L/yr

Assistant Professor Salary

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₹4.5 L/yr - ₹20 L/yr

Top skills at Max Life Insurance for Medical Underwriter

Customer Satisfaction People Management Skills Life Insurance Operations Management Insurance Hospital Administration Team Training TAT Customer Experience Medical underwriting SLAS Policy Issuance

Salary related reviews for Max Life Insurance

4.4

Rated by 7 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.

Salary - Bad

+6 more

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

Associate Sales Manager in Mumbai

Full Time

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.

Salary - Poor

+6 more

Associate in Pune

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 20 May 2024

1.0

for Salary and Benefits

Likes

Nothing good here

Dislikes

...arget is not complete. Target is so high that you will never receive incentives. Pay is too less and pressure, toxicity and politics is too high.

Salary - Bad

+6 more

see more salary related reviews

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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 Medical Underwriter Salary FAQs

What is the salary of Medical Underwriter at Max Life Insurance?

Medical Underwriter salary at Max Life Insurance in India ranges between ₹3.1 Lakhs to ₹11.5 Lakhs for experience between 1 years to 12 years. According to our estimates it is 43% more than the average Medical Underwriter Salary in India. Salary estimates are based on 19 latest salaries received from various employees of Max Life Insurance India.

How does the salary of a Medical Underwriter at Max Life Insurance India compare with the average salary range for this job?

The average salary of a Medical Underwriter at Max Life Insurance is 43% more than the average salary of a Medical Underwriter in India. To know exact salary insights, login to view.

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

Customer Satisfaction, People Management Skills, Life Insurance, Operations Management and Insurance are some of the popular skills required to work as a Medical Underwriter at Max Life Insurance India.

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

PNB MetLife Medical Underwriter Salary - ₹4.3 Lakhs to ₹13.0 Lakhs per year

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

Tata AIA Life Insurance Medical Underwriter Salary - ₹4.3 Lakhs to ₹8.1 Lakhs per year
Royal Sundaram General Insurance Medical Underwriter Salary - ₹4.1 Lakhs to ₹11.0 Lakhs per year
ICICI Prudential Life Insurance Medical Underwriter Salary - ₹3.0 Lakhs to ₹9.0 Lakhs per year
ManipalCigna Health Insurance Medical Underwriter Salary - ₹4.1 Lakhs to ₹7.2 Lakhs per year
Kotak Mahindara Life Insurance Medical Underwriter Salary - ₹5.2 Lakhs to ₹8.0 Lakhs per year

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

The estimated take-home salary of a Medical Underwriter at Max Life Insurance ranges between ₹52,792 per month to ₹54,036 per month in India. The take-home salary calculation is based on the average Max Life Insurance Medical Underwriter salary in India which ranges between ₹3.1 Lakhs to ₹11.5 Lakhs per year for employees with experience between 1 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Medical Underwriter at Max Life Insurance?

According to AmbitionBox, 77% of the Max Life Insurance Medical Underwriters reported a notice period of 2 Months, 15% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 13 responses on AmbitionBox in last 2 years.

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Max Life Insurance Medical Underwriter Salaries

Max Life Insurance Medical Underwriter salary in India ranges between ₹3.1 Lakhs to ₹11.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 19 Max Life Insurance latest salaries received from various employees of Max Life Insurance.