Max Life Insurance Product Development Manager Salaries by 3 Employees (Updated 2025)

5 - 6 years exp.

₹3.5 Lakhs - ₹14 Lakhs

Low Confidence

Salary of majority employees

52% less than the average Product Development Manager Salary in Insurance Companies for 5 - 6 years of experience

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Last Updated: 15 Mar 2023

Companies similar to Max Life Insurance for Product Development Manager

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Product Development Manager Salary 3 - 5 years exp. (4 salaries)	₹2.5 L/yr - ₹4.5 L/yr 71% less
Bajaj Allianz Life Insurance Product Development Manager Salary 3 - 16 years exp. (3 salaries)	₹9 L/yr - ₹11.6 L/yr 3% less
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PNB MetLife Product Development Manager Salary 6 - 9 years exp. (3 salaries)	₹11 L/yr - ₹14.8 L/yr 24% more
Care Health Insurance Product Development Manager Salary 0 - 6 years exp. (6 salaries)	₹3.3 L/yr - ₹11.1 L/yr 34% less
Bajaj Allianz General Insurance Product Development Manager Salary 2 - 11 years exp. (5 salaries)	₹16 L/yr - ₹35 L/yr 114% more
HDFC Ergo General Insurance Product Development Manager Salary 2 - 4 years exp. (5 salaries)	₹10.5 L/yr - ₹12 L/yr 10% more
ManipalCigna Health Insurance Product Development Manager Salary 7 - 15 years exp. (3 salaries)	₹9 L/yr - ₹20 L/yr 27% more

Product Development Manager salary at Max Life Insurance ranges between ₹3.5 Lakhs to ₹14 Lakhs per year for employees with experience between 5 years to 6 years. Salary estimates are based on 3 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Product Development Manager salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
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6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr

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Top skills at Max Life Insurance for Product Development Manager

Finance Life Insurance Project Management Development Management LI Sales Marketing Product Design Competitive Benchmarking Business Analysis

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

Aadm in Ghaziabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Jun 2023

3.0

for Salary and Benefits

Likes

Salary come on time

Dislikes

...ing is a drama, just photo session. If you want a support just drama of support. They will ask you to invest your salary for different things Go's meeting, Trips, advertising, pamphlet, etc no conveyance for field work. Half of the salary goes in faltu and than after doing 16 hrs 7days a week work they tell that barat main aaya hai.. so it's better you do a labour job of 8 hrs and Get 500 Rs. Per day.

Skill development - Poor

+5 more

Senior Officer in Amritsar

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 02 Jul 2023

5.0

for Salary and Benefits

Likes

Max is best company in insurance sector Max always appreciate his employee & also pays a good salary, incentive, sizzler to his employee I will again join the max

Salary - Excellent

+4 more

Dislikes

My few colleagues always trying to misguide each other and some have jealousy for someone's being best

Customer Service Executive in Bikaner

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 24 Sep 2019

5.0

for Salary and Benefits

Likes

Excellent all things

Salary - Excellent

+6 more

Dislikes

Compensation is decent and fast growing, no any work pressure. I have to work 15 to 18 hours straight in a day I have attended claint calls and manage all operation and admin work.

Circle Coordinator in Haryana

Other Department

3.0

• posted on 31 May 2022

1.0

for Salary and Benefits

Likes

Max life insurance company is good in india it provides job security to the person who is working in a company

Skill development - Good

Dislikes

It does not provide new growth opportunities and salary related issues, promotion is very less in this company

Salary - Bad

+3 more

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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 Product Development Manager Salaries

Max Life Insurance Product Development Manager salary in India ranges between ₹3.5 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Max Life Insurance latest salaries received from various employees of Max Life Insurance.

Max Life Insurance Product Development Manager salaries in India

Companies similar to Max Life Insurance for Product Development Manager

Latest annual salaries shared by Max Life Insurance Product Development Manager

Experience wise Max Life Insurance Product Development Manager salaries

Similar Designation salaries in Max Life Insurance

Top skills at Max Life Insurance for Product Development Manager

Salary related reviews for Max Life Insurance

Deputy Manager in Kolkata

Aadm in Ghaziabad

Senior Officer in Amritsar

Customer Service Executive in Bikaner

Circle Coordinator in Haryana

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