Axis Max Life Insurance Sales Manager Bancassurance Salaries by 4 Employees

4 - 7 years exp.

₹3.1 Lakhs - ₹4.7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

21% less than the average Sales Manager Bancassurance Salary in Insurance Companies for 4 - 7 years of experience

Interested in this particular role?

Salaries in different departments

Customer Success, Service & Operations Sales Manager Bancassurance Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹4 L/yr
BFSI, Investments & Trading Sales Manager Bancassurance Salary 4 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.9 L/yr
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Sales & Business Development Sales Manager Bancassurance Salary 7 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.7 L/yr

Last Updated: 16 Mar 2023

Companies similar to Axis Max Life Insurance for Sales Manager Bancassurance

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz General Insurance Sales Manager Bancassurance Salary 0 - 13 years exp. (24 salaries)	₹1.7 L/yr - ₹6 L/yr 22% more	30 job openings
HDFC Life Sales Manager Bancassurance Salary 0 - 9 years exp. (20 salaries)	₹1.8 L/yr - ₹7 L/yr 10% less
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HDFC Ergo General Insurance Sales Manager Bancassurance Salary 2 - 12 years exp. (18 salaries)	₹3.1 L/yr - ₹5.3 L/yr 15% more
ICICI Prudential Life Insurance Sales Manager Bancassurance Salary 1 - 10 years exp. (16 salaries)	₹5 L/yr - ₹10 L/yr 93% more
ICICI Lombard General Insurance Company Sales Manager Bancassurance Salary 1 - 13 years exp. (14 salaries)	₹3 L/yr - ₹10.6 L/yr 76% more	2 job openings
Bajaj Allianz Life Insurance Sales Manager Bancassurance Salary 3 - 7 years exp. (12 salaries)	₹2.3 L/yr - ₹4.2 L/yr At par
Cholamandalam MS General Insurance Sales Manager Bancassurance Salary 1 - 14 years exp. (10 salaries)	₹2.4 L/yr - ₹5.8 L/yr 10% more
Kotak Mahindara Life Insurance Sales Manager Bancassurance Salary 2 - 10 years exp. (7 salaries)	₹3.5 L/yr - ₹5.5 L/yr 28% more
PNB MetLife Sales Manager Bancassurance Salary 0 - 5 years exp. (6 salaries)	₹1.8 L/yr - ₹3.2 L/yr 33% less
Tata AIA Life Insurance Sales Manager Bancassurance Salary 3 - 5 years exp. (5 salaries)	₹2.3 L/yr - ₹4 L/yr 1% less
Reliance Nippon Life Insurance Sales Manager Bancassurance Salary 2 - 5 years exp. (4 salaries)	₹2.3 L/yr - ₹3.9 L/yr 12% less
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Royal Sundaram General Insurance Sales Manager Bancassurance Salary 4 - 9 years exp. (4 salaries)	₹3.4 L/yr - ₹4.5 L/yr 8% more
Aditya Birla Sun Life Insurance Sales Manager Bancassurance Salary 0 - 11 years exp. (4 salaries)	₹2.2 L/yr - ₹6.5 L/yr 9% more
Aviva Life Insurance India Sales Manager Bancassurance Salary 5 - 16 years exp. (3 salaries)	₹3.8 L/yr - ₹5.5 L/yr 27% more

Sales Manager Bancassurance salary at Axis Max Life Insurance ranges between ₹3.1 Lakhs to ₹4.7 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Axis Max Life Insurance Sales Manager Bancassurance salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.5 L/yr
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6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
7 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.7 L/yr

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Top skills at Axis Max Life Insurance for Sales Manager Bancassurance

Banking Management Financial Services Customer Experience Sales Process Branch Banking LMS Excel CRM Finance Service Delivery Sales Management channel management Channel Distribution Insurance Sales

Salary related reviews for Axis Max Life Insurance

4.1

Rated by 6 employees for salary & benefits

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

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

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

Salary - Good

+1 more

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

Skill development - Bad

+4 more

Agency Development Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 16 Sep 2023

5.0

for Salary and Benefits

Likes

Pay and perk is good. Promotion opportunities are really good.

Salary - Excellent

+2 more

Dislikes

No support from Seniors. No discipline, only they need result even if you are new. They will start poking you and also not ready to support you.

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Axis Max Life Insurance Sales Manager Bancassurance Salary FAQs

What is the salary of Sales Manager Bancassurance at Axis Max Life Insurance ?

The average salary of a Sales Manager Bancassurance at Axis Max Life Insurance in India typically ranges from ₹3.1 Lakhs to ₹4.7 Lakhs per year, depending on experience (from 4 years to 7 years).

The top 10% of Sales Manager Bancassurance at Axis Max Life Insurance earn more than ₹4.7 Lakhs per year, and the top 1% earn over ₹4.7 Lakhs per year. Sales Manager Bancassurance 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 4 Axis Max Life Insurance employees in India.

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

The estimated take-home salary of a Sales Manager Bancassurance at Axis Max Life Insurance in India typically ranges from ₹25,460 to ₹26,892 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹4.7 Lakhs per year for employees with experience ranging from 4 years to 7 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 4 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 Sales Manager Bancassurance at Axis Max Life Insurance ?

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

- Banking
- Management
- Financial Services
- Customer Experience
- Sales Process

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 Sales Manager Bancassurance in India?

ICICI Prudential Life Insurance	₹5.0 Lakhs to ₹10.0 Lakhs per year
ICICI Lombard General Insurance Company	₹3.0 Lakhs to ₹10.6 Lakhs per year
Kotak Mahindara Life Insurance	₹3.5 Lakhs to ₹5.5 Lakhs per year
Aviva Life Insurance India	₹3.8 Lakhs to ₹5.5 Lakhs per year
Bajaj Allianz General Insurance	₹1.7 Lakhs to ₹6.0 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 Sales Manager Bancassurance in companies similar to Axis Max Life Insurance in India?

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

HDFC Ergo General Insurance	₹3.1 Lakhs to ₹5.3 Lakhs per year
Cholamandalam MS General Insurance	₹2.4 Lakhs to ₹5.8 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.2 Lakhs to ₹6.5 Lakhs per year
Royal Sundaram General Insurance	₹3.4 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz Life Insurance	₹2.3 Lakhs to ₹4.2 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 Sales Manager Bancassurance at Axis Max Life Insurance in India?

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

Experience	Average Salary Range
4 years	₹1.4 Lakhs to ₹3.9 Lakhs per year
5 years	₹3.5 Lakhs to ₹6.5 Lakhs per year
6 years	₹3.3 Lakhs to ₹4.3 Lakhs per year
7 years	₹1.5 Lakhs to ₹4.7 Lakhs per year

and so on.

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Axis Max Life Insurance Sales Manager Bancassurance Salaries

Axis Max Life Insurance Sales Manager Bancassurance salary in India ranges between ₹3.1 Lakhs to ₹4.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.