Max Life Insurance Senior Business Manager Salaries by 3 Employees (Updated 2024)

8 - 12 years exp.

₹5.3 Lakhs - ₹11.4 Lakhs

Low Confidence

Salary of majority employees

50% less than the average Senior Business Manager Salary in Insurance Companies for 8 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Business Manager Salary 8 - 11 years exp. (AmbitionBox Estimate)	₹4.8 L/yr - ₹5.8 L/yr
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Sales & Business Development Senior Business Manager Salary 12 years exp. (AmbitionBox Estimate)	₹10.2 L/yr - ₹12.5 L/yr

Last Updated: 5 Nov 2024

Companies similar to Max Life Insurance for Senior Business Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Senior Business Manager Salary 5 - 8 years exp. (5 salaries)	₹3.5 L/yr - ₹6.5 L/yr 35% less
HDFC Life Senior Business Manager Salary 6 - 14 years exp. (3 salaries)	₹5.5 L/yr - ₹8.4 L/yr 11% more
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SBI Life Insurance Company Senior Business Manager Salary 5 - 10 years exp. (7 salaries)	₹6 L/yr - ₹8.5 L/yr 16% less
Bajaj Allianz Life Insurance Senior Business Manager Salary 3 - 10 years exp. (44 salaries)	₹3.6 L/yr - ₹4.8 L/yr 40% less
Kotak Mahindara Life Insurance Senior Business Manager Salary 4 - 11 years exp. (4 salaries)	₹4.8 L/yr - ₹6.2 L/yr 28% less
Reliance Nippon Life Insurance Senior Business Manager Salary 3 - 10 years exp. (3 salaries)	₹3.5 L/yr - ₹3.8 L/yr 51% less
Tata AIA Life Insurance Senior Business Manager Salary 11 - 20 years exp. (5 salaries)	₹9.5 L/yr - ₹11.8 L/yr 51% more
PNB MetLife Senior Business Manager Salary 5 - 11 years exp. (44 salaries)	₹3.6 L/yr - ₹6.2 L/yr 37% less
SBI General Insurance Senior Business Manager Salary 5 - 8 years exp. (5 salaries)	₹4.9 L/yr - ₹6 L/yr 26% less
Star Union Dai-ichi Life Insurance Senior Business Manager Salary 4 - 7 years exp. (4 salaries)	₹3.1 L/yr - ₹4.2 L/yr 49% less
ICICI Lombard General Insurance Company Senior Business Manager Salary 1 - 6 years exp. (3 salaries)	₹3.4 L/yr - ₹4.6 L/yr 40% less
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Bajaj Allianz General Insurance Senior Business Manager Salary 9 - 12 years exp. (3 salaries)	₹4.5 L/yr - ₹5.5 L/yr 34% less

Senior Business Manager salary at Max Life Insurance ranges between ₹5.3 Lakhs to ₹11.4 Lakhs per year for employees with experience between 8 years to 12 years. Salary estimates are based on 3 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Senior Business Manager salaries

Last Updated: 5 Nov 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
11 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
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12 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13.1 L/yr

Similar Designation salaries in Max Life Insurance

Senior Sales Manager Salary

(20 salaries)

₹4.35 L/yr - ₹7.5 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

₹7.7 L/yr - ₹9.9 L/yr

Business Manager Salary

(4 salaries)

₹3 L/yr - ₹6.3 L/yr

Regional Manager Salary

(75 salaries)

₹7.6 L/yr - ₹21 L/yr

Territory Sales Manager Salary

(6 salaries)

₹5 L/yr - ₹12.8 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Senior Business Development Manager Salary

(17 salaries)

₹4.2 L/yr - ₹8.2 L/yr

Area Sales Manager Salary

(60 salaries)

₹3 L/yr - ₹9.25 L/yr

Marketing Manager Salary

(12 salaries)

₹3.3 L/yr - ₹8.2 L/yr

Territory Manager Salary

(40 salaries)

₹6.6 L/yr - ₹19 L/yr

Salary related reviews for Max Life Insurance

5.0

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.

Sales Manager in New Delhi

Full Time

Sales Department

2.0

• posted on 26 Nov 2022

2.0

for Salary and Benefits

Likes

...hing About Likes and dislike as company is not my Girlfriend or spouse to love There is only one rule once you perform for any company company will pay. Once you are not favourite for your manager you have to leave the company. No employee want to change the job real truth is employee change their manager.

Business Development Manager in Meerut

Sales & Business Development Department

1.0

• posted on 05 Feb 2022

1.0

for Salary and Benefits

Likes

... after that also your job never be secured. And boss behaviour is very pathetic. They hold salary also. Very bad experience.

Business Development Manager in Tirunelveli

Marketing & Communication Department

5.0

• posted on 12 Apr 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Dislikes

Branch Manager

Sales BD Department

5.0

• posted on 21 Dec 2018

5.0

for Salary and Benefits

Likes

It was very nice expierence to work with Max,very good teammates, nice growth appraisal excellent good salary Yes there is politics ay higher level high mode learning as per industry standards. It was turning point of my life.

Dislikes

Nothing Nothing Nothing

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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 Senior Business Manager Salary FAQs

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

According to AmbitionBox, 100% of the Max Life Insurance Senior Business Managers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Max Life Insurance Senior Business Manager Salaries

Max Life Insurance Senior Business Manager salary in India ranges between ₹5.3 Lakhs to ₹11.4 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.