Max Life Insurance Senior Collections Manager Salaries by 4 Employees (Updated 2025)

14 - 21 years exp.

₹8 Lakhs - ₹12 Lakhs

Low Confidence

Salary of majority employees

15% less than the average Senior Collections Manager Salary in Insurance Companies for 14 - 21 years of experience

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Last Updated: 13 Sep 2024

Companies similar to Max Life Insurance for Senior Collections Manager

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Senior Collections Manager Salary 10 - 15 years exp. (7 salaries)	₹8.2 L/yr - ₹19 L/yr 30% more
ICICI Bank Senior Collections Manager Salary 12 - 16 years exp. (6 salaries)	₹9.2 L/yr - ₹14 L/yr 24% more
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RBL Bank Senior Collections Manager Salary 9 - 16 years exp. (6 salaries)	₹7.3 L/yr - ₹11.1 L/yr 12% less
Axis Bank Senior Collections Manager Salary 5 - 17 years exp. (6 salaries)	₹12.2 L/yr - ₹13.3 L/yr 30% more
Jana Small Finance Bank Senior Collections Manager Salary 14 - 20 years exp. (5 salaries)	₹5.3 L/yr - ₹6 L/yr 44% less

Senior Collections Manager salary at Max Life Insurance ranges between ₹8 Lakhs to ₹12 Lakhs per year for employees with experience between 14 years to 21 years. Salary estimates are based on 4 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Senior Collections Manager salaries

Last Updated: 13 Sep 2024

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
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15+ years (3 salaries)	₹8 L/yr - ₹12 L/yr

Similar Designation salaries in Max Life Insurance

Regional Collection Manager Salary

(AmbitionBox Estimate)

₹8.6 L/yr - ₹10.9 L/yr

Collections Manager Salary

(AmbitionBox Estimate)

₹8.2 L/yr - ₹10.5 L/yr

Collection Officer Salary

(AmbitionBox Estimate)

₹0.9 L/yr - ₹1.2 L/yr

Relationship Manager Salary

(342 salaries)

₹1.1 L/yr - ₹7.03 L/yr

Collection Associate Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Cluster Manager Salary

(211 salaries)

₹5.39 L/yr - ₹14 L/yr

Branch Manager Salary

(134 salaries)

₹7 L/yr - ₹14 L/yr

Agency Manager Salary

(181 salaries)

₹2 L/yr - ₹6 L/yr

Area Manager Salary

(298 salaries)

₹4.2 L/yr - ₹14.39 L/yr

Deputy Manager Salary

(767 salaries)

₹2.4 L/yr - ₹9 L/yr

Salary related reviews for Max Life Insurance

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

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.

Salary - Excellent

+6 more

Dislikes

Nothing Nothing Nothing

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

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 Senior Collections Manager Salary FAQs

What is the salary of Senior Collections Manager at Max Life Insurance?

Senior Collections Manager salary at Max Life Insurance in India ranges between ₹8.0 Lakhs to ₹12.0 Lakhs for experience between 14 years to 21 years. According to our estimates it is 15% less than the average Senior Collections Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Max Life Insurance India.

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

The average salary of a Senior Collections Manager at Max Life Insurance is 15% less than the average salary of a Senior Collections Manager in India. To know exact salary insights, login to view.

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

Axis Bank Senior Collections Manager Salary - ₹12.2 Lakhs to ₹13.3 Lakhs per year
IDFC FIRST Bank Senior Collections Manager Salary - ₹8.2 Lakhs to ₹19.0 Lakhs per year
ICICI Bank Senior Collections Manager Salary - ₹9.2 Lakhs to ₹14.0 Lakhs per year

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

RBL Bank Senior Collections Manager Salary - ₹7.3 Lakhs to ₹11.1 Lakhs per year
Jana Small Finance Bank Senior Collections Manager Salary - ₹5.3 Lakhs to ₹6.0 Lakhs per year

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

The estimated take-home salary of a Senior Collections Manager at Max Life Insurance ranges between ₹72,177 per month to ₹74,038 per month in India. The take-home salary calculation is based on the average Max Life Insurance Senior Collections Manager salary in India which ranges between ₹8.0 Lakhs to ₹12.0 Lakhs per year for employees with experience between 14 years to 21 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the Max Life Insurance Senior Collections Managers 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 Senior Collections Manager Salaries

Max Life Insurance Senior Collections Manager salary in India ranges between ₹8 Lakhs to ₹12 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.