Max Life Insurance Sales Manager Bancassurance Salaries by 6 Employees (Updated 2025)

2 - 7 years exp.

₹3.2 Lakhs - ₹4.7 Lakhs

Low Confidence

Salary of majority employees

21% less than the average Sales Manager Bancassurance Salary in Insurance Companies for 2 - 7 years of experience

Interested in this particular role? 4 job openings

Salaries in different departments

BFSI, Investments & Trading Sales Manager Bancassurance Salary 2 - 4 years exp. (3 salaries)	₹3 L/yr - ₹4.2 L/yr
Customer Success, Service & Operations Sales Manager Bancassurance Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.8 L/yr
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Sales & Business Development Sales Manager Bancassurance Salary 7 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹4.7 L/yr

Last Updated: 16 Mar 2023

Companies similar to Max Life Insurance for Sales Manager Bancassurance

Company name	Avg Annual Salary	Open Jobs
HDFC Life Sales Manager Bancassurance Salary 0 - 9 years exp. (20 salaries)	₹1.8 L/yr - ₹7 L/yr 10% less
ICICI Prudential Life Insurance Sales Manager Bancassurance Salary 1 - 10 years exp. (16 salaries)	₹5 L/yr - ₹10 L/yr 94% more
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Kotak Mahindara Life Insurance Sales Manager Bancassurance Salary 2 - 10 years exp. (7 salaries)	₹3.5 L/yr - ₹5.5 L/yr 28% more
Bajaj Allianz Life Insurance Sales Manager Bancassurance Salary 3 - 7 years exp. (12 salaries)	₹2.3 L/yr - ₹4.2 L/yr At par
Tata AIA Life Insurance Sales Manager Bancassurance Salary 3 - 5 years exp. (5 salaries)	₹2.3 L/yr - ₹4 L/yr 1% less	1 job opening
Reliance Nippon Life Insurance Sales Manager Bancassurance Salary 2 - 5 years exp. (4 salaries)	₹2.3 L/yr - ₹3.9 L/yr 12% less
Bharti AXA Life Insurance Sales Manager Bancassurance Salary 2 - 9 years exp. (4 salaries)	₹4.5 L/yr - ₹5.6 L/yr 52% more
PNB MetLife Sales Manager Bancassurance Salary 0 - 4 years exp. (6 salaries)	₹1.8 L/yr - ₹3.2 L/yr 33% less
Bajaj Allianz General Insurance Sales Manager Bancassurance Salary 1 - 11 years exp. (26 salaries)	₹1.9 L/yr - ₹6 L/yr 17% more	38 job openings
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 Lombard General Insurance Company Sales Manager Bancassurance Salary 1 - 13 years exp. (14 salaries)	₹3 L/yr - ₹10.6 L/yr 77% more	1 job opening
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Cholamandalam MS General Insurance Sales Manager Bancassurance Salary 1 - 14 years exp. (10 salaries)	₹2.4 L/yr - ₹5.8 L/yr 10% more
Royal Sundaram General Insurance Sales Manager Bancassurance Salary 4 - 9 years exp. (4 salaries)	₹3.4 L/yr - ₹4.5 L/yr 9% more
Aditya Birla Sun Life Insurance Sales Manager Bancassurance Salary 0 - 8 years exp. (4 salaries)	₹2.2 L/yr - ₹3.6 L/yr 17% less
Care Health Insurance Sales Manager Bancassurance Salary 0 - 4 years exp. (4 salaries)	₹2.8 L/yr - ₹3 L/yr 17% less

Sales Manager Bancassurance salary at Max Life Insurance ranges between ₹3.2 Lakhs to ₹4.7 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 6 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Sales Manager Bancassurance salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4.2 L/yr
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4 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.4 L/yr
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.2 L/yr
7 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.7 L/yr

View all

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Top skills at 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 Max Life Insurance

4.2

Rated by 6 employees for salary & benefits

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.

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.

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

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.

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.

Agency Development Manager in Pune

Full Time

Sales & Business Development Department

2.0

• posted on 30 Nov 2022

1.0

for Salary and Benefits

Likes

Good Local management, training program also good.

Dislikes

Fake commitment from hr department before joining about in hand salary, After joining totally different in hand salary coming. When I talk zonal hr she is not giving a proper solution. Also they are sending employees for field work but they are not paying petrol expenses to employees. Means you have not earn anything in your take home salary hike. Hr department is to much confused and roude. Saturday Sunday working. Also daily 9.30 to 8.00 timing average. Means no work life balance. Also you can develop advisor from your own contact and relations. Company don't have any data.

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a social media specialist

Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Max Life Insurance Sales Manager Bancassurance Salary FAQs

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

Sales Manager Bancassurance salary at Max Life Insurance in India ranges between ₹3.2 Lakhs to ₹4.7 Lakhs for experience between 2 years to 7 years. According to our estimates it is 21% less than the average Sales Manager Bancassurance Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Max Life Insurance India.

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

The average salary of a Sales Manager Bancassurance at Max Life Insurance is 21% less than the average salary of a Sales Manager Bancassurance in India. To know exact salary insights, login to view.

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

Banking, Management, Financial Services, Customer Experience and Sales Process are some of the popular skills required to work as a Sales Manager Bancassurance at Max Life Insurance India.

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

ICICI Prudential Life Insurance Sales Manager Bancassurance Salary - ₹5.0 Lakhs to ₹10.0 Lakhs per year
ICICI Lombard General Insurance Company Sales Manager Bancassurance Salary - ₹3.0 Lakhs to ₹10.6 Lakhs per year
Bharti AXA Life Insurance Sales Manager Bancassurance Salary - ₹4.5 Lakhs to ₹5.6 Lakhs per year
Kotak Mahindara Life Insurance Sales Manager Bancassurance Salary - ₹3.5 Lakhs to ₹5.5 Lakhs per year
Bajaj Allianz General Insurance Sales Manager Bancassurance Salary - ₹1.9 Lakhs to ₹6.0 Lakhs per year

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

HDFC Ergo General Insurance Sales Manager Bancassurance Salary - ₹3.1 Lakhs to ₹5.3 Lakhs per year
Cholamandalam MS General Insurance Sales Manager Bancassurance Salary - ₹2.4 Lakhs to ₹5.8 Lakhs per year
Royal Sundaram General Insurance Sales Manager Bancassurance Salary - ₹3.4 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz Life Insurance Sales Manager Bancassurance Salary - ₹2.3 Lakhs to ₹4.2 Lakhs per year
Tata AIA Life Insurance Sales Manager Bancassurance Salary - ₹2.3 Lakhs to ₹4.0 Lakhs per year

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

The estimated take-home salary of a Sales Manager Bancassurance at Max Life Insurance ranges between ₹25,358 per month to ₹26,791 per month in India. The take-home salary calculation is based on the average Max Life Insurance Sales Manager Bancassurance salary in India which ranges between ₹3.2 Lakhs to ₹4.7 Lakhs per year for employees with experience between 2 years to 7 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Max Life Insurance Sales Manager Bancassurances reported a notice period of 2 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Max Life Insurance Sales Manager Bancassurance Salaries

Max Life Insurance Sales Manager Bancassurance salary in India ranges between ₹3.2 Lakhs to ₹4.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Max Life Insurance latest salaries received from various employees of Max Life Insurance.