Max Life Insurance Mumbai Program Manager Salaries by 4 Employees (Updated 2024)

3 - 10 years exp.

₹10 Lakhs - ₹28.7 Lakhs

Salary of majority employees

28% less than the average Program Manager Salary in Insurance Companies for 3 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Program Manager Salary 5 - 10 years exp. (AmbitionBox Estimate)	₹10 L/yr - ₹17.5 L/yr
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Project & Program Management Program Manager Salary 3 - 8 years exp. (AmbitionBox Estimate)	₹16.8 L/yr - ₹28.7 L/yr

Last Updated: 30 Dec 2023

Companies similar to Max Life Insurance for Program Manager in Mumbai

Max Life Insurance Program Manager Salary

3 - 10 years exp. (4 salaries)

₹10 L/yr - ₹28.7 L/yr

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Program Manager Salary 10 - 20 years exp. (3 salaries)	₹12.2 L/yr - ₹20 L/yr 7% less
Bajaj Allianz Life Insurance Program Manager Salary 2 - 8 years exp. (8 salaries)	₹8 L/yr - ₹24 L/yr 12% less
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Tata AIA Life Insurance Program Manager Salary 7 - 18 years exp. (3 salaries)	₹15.9 L/yr - ₹18.2 L/yr At par
HDFC Ergo General Insurance Program Manager Salary 5 - 19 years exp. (3 salaries)	₹11.4 L/yr - ₹38 L/yr 18% more
Capgemini Program Manager Salary 12 - 27 years exp. (340 salaries)	₹16 L/yr - ₹48 L/yr 80% more

Program Manager salary at Max Life Insurance ranges between ₹10 Lakhs to ₹28.7 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Program Manager salaries in Mumbai

Last Updated: 30 Dec 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹16.8 L/yr
4 years (AmbitionBox Estimate)	₹14.6 L/yr - ₹18.6 L/yr
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5 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹30.2 L/yr
6 years (AmbitionBox Estimate)	₹15.6 L/yr - ₹20 L/yr
7 years (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.6 L/yr
8 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹28.7 L/yr
9 years (AmbitionBox Estimate)	₹17.2 L/yr - ₹22 L/yr
10 years (AmbitionBox Estimate)	₹10 L/yr - ₹35.5 L/yr

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Similar Designation salaries in Max Life Insurance

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(30 salaries)

₹5 L/yr - ₹13.1 L/yr

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₹6 L/yr - ₹11.85 L/yr

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(16 salaries)

₹12.6 L/yr - ₹30 L/yr

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₹2.9 L/yr - ₹4.35 L/yr

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(9 salaries)

₹2.85 L/yr - ₹3.9 L/yr

Operations Executive Salary

(9 salaries)

₹1.2 L/yr - ₹2.85 L/yr

MIS Executive Salary

(8 salaries)

₹1.9 L/yr - ₹4.19 L/yr

Training Manager Salary

(8 salaries)

₹5 L/yr - ₹9.5 L/yr

Financial Advisor Salary

(5 salaries)

₹2.2 L/yr - ₹4.03 L/yr

Top skills at Max Life Insurance for Program Manager

Management Program Management SQL Key Account Management Automation Testing Branch Banking Analytical skills Information Management Sales Process Sales Business Reporting Financial Services Business Planning Banking Regression Testing

Salary related reviews for Max Life Insurance

Data Scientist in Gurgaon / Gurugram

Full Time

Data Science & Analytics Department

3.0

• posted on 01 Aug 2024

3.0

for Salary and Benefits

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Office Space Multiple business problems to solve.

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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

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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.

Associate Sales Manager in Mumbai

Full Time

Sales & Business Development Department

1.0

• posted on 01 Oct 2024

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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.

Associate in Pune

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 20 May 2024

1.0

for Salary and Benefits

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Nothing good here

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...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.

Agency Development Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 09 Aug 2023

4.0

for Salary and Benefits

Likes

Salary is good

Dislikes

Lack of training, harrasment candidate for work , lack of field help , managers are not supportive they just bark but don't motivate agency manager at every hour . Mentally torture the candidate for work and pressurized day night equally, call anytime without thinking it's an off or weak day holiday. Never think about personal life also the manager are shameless because they trespass their manager homes without intimation and do misbehave with everyone in office. The management is not good so do not join max life

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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 Program Manager Salary FAQs

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

Program Manager salary at Max Life Insurance in Mumbai ranges between ₹10.0 Lakhs to ₹28.7 Lakhs for experience between 3 years to 10 years. According to our estimates it is 28% less than the average Program Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Max Life Insurance Mumbai.

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

The average salary of a Program Manager at Max Life Insurance is 28% less than the average salary of a Program Manager in Mumbai. To know exact salary insights, login to view.

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

Management, Program Management, SQL, Key Account Management and Automation Testing are some of the popular skills required to work as a Program Manager at Max Life Insurance Mumbai.

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

Capgemini Program Manager Salary - ₹16.0 Lakhs to ₹48.0 Lakhs per year
HDFC Ergo General Insurance Program Manager Salary - ₹11.4 Lakhs to ₹38.0 Lakhs per year
Tata AIA Life Insurance Program Manager Salary - ₹15.9 Lakhs to ₹18.2 Lakhs per year

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

SBI Life Insurance Company Program Manager Salary - ₹12.2 Lakhs to ₹20.0 Lakhs per year
Bajaj Allianz Life Insurance Program Manager Salary - ₹8.0 Lakhs to ₹24.0 Lakhs per year

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

The estimated take-home salary of a Program Manager at Max Life Insurance ranges between ₹1,19,120 per month to ₹1,22,459 per month in Mumbai. The take-home salary calculation is based on the average Max Life Insurance Program Manager salary in India which ranges between ₹10.0 Lakhs to ₹28.7 Lakhs per year for employees with experience between 3 years to 10 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the Max Life Insurance Program Managers in Mumbai reported a notice period of 2 Months, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Max Life Insurance Program Manager Salaries in Mumbai

Max Life Insurance Program Manager salary in Mumbai ranges between ₹10 Lakhs to ₹28.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Max Life Insurance latest salaries received from various employees of Max Life Insurance.