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

2 - 9 years exp.

₹7.2 Lakhs - ₹30 Lakhs

Salary of majority employees

20% less than the average Product Manager Salary in Insurance Companies for 2 - 9 years of experience

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Salaries in different departments

Product Management Product Manager Salary 3 - 9 years exp. (8 salaries)	₹9.3 L/yr - ₹24 L/yr
Marketing & Communication Product Manager Salary 3 - 5 years exp. (4 salaries)	₹13.5 L/yr - ₹22.5 L/yr
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Engineering - Software & QA Product Manager Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹15.6 L/yr - ₹23 L/yr
Project & Program Management Product Manager Salary 4 - 7 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹18 L/yr

Last Updated: 11 Apr 2024

Companies similar to Max Life Insurance for Product Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Product Manager Salary 2 - 8 years exp. (77 salaries)	₹7.5 L/yr - ₹20 L/yr 28% less
ICICI Prudential Life Insurance Product Manager Salary 0 - 4 years exp. (32 salaries)	₹6.3 L/yr - ₹19 L/yr 15% less
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Bajaj Allianz Life Insurance Product Manager Salary 0 - 11 years exp. (10 salaries)	₹8 L/yr - ₹30 L/yr 13% more
Tata AIA Life Insurance Product Manager Salary 5 - 10 years exp. (8 salaries)	₹9 L/yr - ₹19.4 L/yr 10% less
SBI Life Insurance Company Product Manager Salary 2 - 7 years exp. (18 salaries)	₹7.8 L/yr - ₹14.5 L/yr 39% less
Kotak Mahindara Life Insurance Product Manager Salary 1 - 8 years exp. (26 salaries)	₹7.9 L/yr - ₹31 L/yr 12% more
Reliance Nippon Life Insurance Product Manager Salary 3 - 7 years exp. (7 salaries)	₹6 L/yr - ₹15 L/yr 29% less
Bharti AXA Life Insurance Product Manager Salary 4 - 7 years exp. (4 salaries)	₹10.4 L/yr - ₹16 L/yr 20% less
Aditya Birla Sun Life Insurance Product Manager Salary 1 - 6 years exp. (6 salaries)	₹10 L/yr - ₹16.8 L/yr 6% less
PNB MetLife Product Manager Salary 2 - 8 years exp. (4 salaries)	₹14.5 L/yr - ₹25 L/yr 13% more
ICICI Lombard General Insurance Company Product Manager Salary 0 - 6 years exp. (275 salaries)	₹6 L/yr - ₹23 L/yr 18% less
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Care Health Insurance Product Manager Salary 0 - 5 years exp. (38 salaries)	₹6 L/yr - ₹15 L/yr 40% less
HDFC Ergo General Insurance Product Manager Salary 0 - 2 years exp. (19 salaries)	₹13 L/yr - ₹19 L/yr 10% less
Bajaj Allianz General Insurance Product Manager Salary 1 - 13 years exp. (13 salaries)	₹5 L/yr - ₹19 L/yr 33% less
Star Health & Allied Insurance Product Manager Salary 4 - 8 years exp. (14 salaries)	₹13 L/yr - ₹30.5 L/yr 5% more	1 job opening
ManipalCigna Health Insurance Product Manager Salary 1 - 6 years exp. (6 salaries)	₹10 L/yr - ₹18.4 L/yr 2% less
Royal Sundaram General Insurance Product Manager Salary 0 - 13 years exp. (5 salaries)	₹6.2 L/yr - ₹14.8 L/yr 40% less
SBI General Insurance Product Manager Salary 1 - 13 years exp. (3 salaries)	₹8.2 L/yr - ₹15.5 L/yr 35% less
Star Union Dai-ichi Life Insurance Product Manager Salary 6 - 13 years exp. (3 salaries)	₹13.6 L/yr - ₹23.6 L/yr 6% more

Product Manager salary at Max Life Insurance ranges between ₹7.2 Lakhs to ₹30 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 26 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Product Manager salaries

Last Updated: 11 Apr 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹14 L/yr - ₹27.1 L/yr
3 years (4 salaries)	₹9.3 L/yr - ₹22 L/yr
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4 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹29.4 L/yr
5 years (4 salaries)	₹14.8 L/yr - ₹22.5 L/yr
6 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹22 L/yr
7 years (7 salaries)	₹12 L/yr - ₹30 L/yr
8 years (5 salaries)	₹17.7 L/yr - ₹24 L/yr
9 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹21 L/yr

View all

Similar Designation salaries in Max Life Insurance

Project Manager Salary

(22 salaries)

₹5.12 L/yr - ₹17 L/yr

Production Manager Salary

(AmbitionBox Estimate)

₹16.5 L/yr - ₹21 L/yr

Product Owner Salary

(6 salaries)

₹15 L/yr - ₹30 L/yr

Program Manager Salary

(12 salaries)

₹6.7 L/yr - ₹25.57 L/yr

Lead Product Manager Salary

(AmbitionBox Estimate)

₹38.5 L/yr - ₹49.2 L/yr

Group Product Manager Salary

(AmbitionBox Estimate)

₹47.5 L/yr - ₹52.5 L/yr

Deputy Manager Salary

(769 salaries)

₹2.4 L/yr - ₹9 L/yr

Senior Product Manager Salary

(28 salaries)

₹17 L/yr - ₹32 L/yr

Digital Product Manager Salary

(8 salaries)

₹8 L/yr - ₹21 L/yr

Scrum Master Salary

(5 salaries)

₹5.05 L/yr - ₹13 L/yr

Top skills at Max Life Insurance for Product Manager

Product Management Analytics Agile Business Strategy Scrum Stakeholder Management Project Management Consulting EMC Product Life Cycle Management Financial Services Information Security Agile Methodology Life Insurance Data Analytics

Salary related reviews for Max Life Insurance

3.0

Rated by 2 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 Product Manager Salary FAQs

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

Product Manager salary at Max Life Insurance in India ranges between ₹7.2 Lakhs to ₹30.0 Lakhs for experience between 2 years to 9 years. According to our estimates it is 20% less than the average Product Manager Salary in India. Salary estimates are based on 26 latest salaries received from various employees of Max Life Insurance India.

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

The average salary of a Product Manager at Max Life Insurance is 20% less than the average salary of a Product Manager in India. To know exact salary insights, login to view.

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

Product Management, Analytics, Agile, Business Strategy and Scrum are some of the popular skills required to work as a Product Manager at Max Life Insurance India.

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

PNB MetLife Product Manager Salary - ₹14.5 Lakhs to ₹25.0 Lakhs per year
Bajaj Allianz Life Insurance Product Manager Salary - ₹8.0 Lakhs to ₹30.0 Lakhs per year
Kotak Mahindara Life Insurance Product Manager Salary - ₹7.9 Lakhs to ₹31.0 Lakhs per year
Star Union Dai-ichi Life Insurance Product Manager Salary - ₹13.6 Lakhs to ₹23.6 Lakhs per year
Star Health & Allied Insurance Product Manager Salary - ₹13.0 Lakhs to ₹30.5 Lakhs per year

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

ManipalCigna Health Insurance Product Manager Salary - ₹10.0 Lakhs to ₹18.4 Lakhs per year
Aditya Birla Sun Life Insurance Product Manager Salary - ₹10.0 Lakhs to ₹16.8 Lakhs per year
HDFC Ergo General Insurance Product Manager Salary - ₹13.0 Lakhs to ₹19.0 Lakhs per year
Tata AIA Life Insurance Product Manager Salary - ₹9.0 Lakhs to ₹19.4 Lakhs per year
ICICI Prudential Life Insurance Product Manager Salary - ₹6.3 Lakhs to ₹19.0 Lakhs per year

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

The estimated take-home salary of a Product Manager at Max Life Insurance ranges between ₹1,17,086 per month to ₹1,20,360 per month in India. The take-home salary calculation is based on the average Max Life Insurance Product Manager salary in India which ranges between ₹7.2 Lakhs to ₹30.0 Lakhs per year for employees with experience between 2 years to 9 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 56% of the Max Life Insurance Product Managers reported a notice period of 2 Months, 33% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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Max Life Insurance Product Manager Salaries

Max Life Insurance Product Manager salary in India ranges between ₹7.2 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 Max Life Insurance latest salaries received from various employees of Max Life Insurance.