Max Life Insurance Senior Manager 1 Salaries by 5 Employees (Updated 2025)

5 - 17 years exp.

₹4.5 Lakhs - ₹15 Lakhs

Low Confidence

Salary of majority employees

60% less than the average Senior Manager 1 Salary in Insurance Companies for 5 - 17 years of experience

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Salaries in different departments

Customer Success, Service & Operations Senior Manager 1 Salary 5 - 17 years exp. (4 salaries)	₹4.5 L/yr - ₹15 L/yr
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Sales & Business Development Senior Manager 1 Salary 17 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr

Last Updated: 14 Aug 2024

Companies similar to Max Life Insurance for Senior Manager 1

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Senior Manager 1 Salary 1 - 15 years exp. (92 salaries)	₹12.3 L/yr - ₹23.9 L/yr 94% more
Kotak Mahindara Life Insurance Senior Manager 1 Salary 6 - 12 years exp. (4 salaries)	₹4.9 L/yr - ₹6.9 L/yr 35% less
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Aditya Birla Sun Life Insurance Senior Manager 1 Salary 3 - 9 years exp. (3 salaries)	₹3.4 L/yr - ₹6.8 L/yr 50% less
ICICI Lombard General Insurance Company Senior Manager 1 Salary 8 - 13 years exp. (5 salaries)	₹7.2 L/yr - ₹9.5 L/yr 3% less
HDFC Ergo General Insurance Senior Manager 1 Salary 13 - 14 years exp. (3 salaries)	₹10 L/yr - ₹11 L/yr 20% more

Senior Manager 1 salary at Max Life Insurance ranges between ₹4.5 Lakhs to ₹15 Lakhs per year for employees with experience between 5 years to 17 years. Salary estimates are based on 5 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Senior Manager 1 salaries

Last Updated: 14 Aug 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹4.5 L/yr
6 years (AmbitionBox Estimate)	₹2 L/yr - ₹5.2 L/yr
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7 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
8 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
9 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
10 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
11 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
12 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
13 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr
14 years (AmbitionBox Estimate)	₹10.1 L/yr - ₹12.9 L/yr
15+ years (3 salaries)	₹10 L/yr - ₹15 L/yr

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Salary related reviews for Max Life Insurance

4.0

Rated by 1 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.

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

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.

Associate in Pune

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 20 May 2024

1.0

for Salary and Benefits

Likes

Nothing good here

Dislikes

...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.

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Salary Discussions, Hike & Promotions

a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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Max Life Insurance Senior Manager 1 Salary FAQs

What is the salary of Senior Manager 1 at Max Life Insurance?

Senior Manager 1 salary at Max Life Insurance in India ranges between ₹4.5 Lakhs to ₹15.0 Lakhs for experience between 5 years to 17 years. According to our estimates it is 60% less than the average Senior Manager 1 Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Max Life Insurance India.

How does the salary of a Senior Manager 1 at Max Life Insurance India compare with the average salary range for this job?

The average salary of a Senior Manager 1 at Max Life Insurance is 60% less than the average salary of a Senior Manager 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Max Life Insurance to a Senior Manager 1 in India?

ICICI Prudential Life Insurance Senior Manager 1 Salary - ₹12.3 Lakhs to ₹23.9 Lakhs per year
HDFC Ergo General Insurance Senior Manager 1 Salary - ₹10.0 Lakhs to ₹11.0 Lakhs per year

What is the salary of a Senior Manager 1 in companies similar to Max Life Insurance in India?

ICICI Lombard General Insurance Company Senior Manager 1 Salary - ₹7.2 Lakhs to ₹9.5 Lakhs per year
Kotak Mahindara Life Insurance Senior Manager 1 Salary - ₹4.9 Lakhs to ₹6.9 Lakhs per year
Aditya Birla Sun Life Insurance Senior Manager 1 Salary - ₹3.4 Lakhs to ₹6.8 Lakhs per year

What is the estimated take home salary of a Senior Manager 1 at Max Life Insurance in India?

The estimated take-home salary of a Senior Manager 1 at Max Life Insurance ranges between ₹64,862 per month to ₹66,516 per month in India. The take-home salary calculation is based on the average Max Life Insurance Senior Manager 1 salary in India which ranges between ₹4.5 Lakhs to ₹15.0 Lakhs per year for employees with experience between 5 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Senior Manager 1 at Max Life Insurance?

According to AmbitionBox, 60% of the Max Life Insurance Senior Manager 1s reported a notice period of 1 Month, 40% reported a notice period of 3 Months.This is based on 5 responses on AmbitionBox in last 2 years.

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Max Life Insurance Senior Manager 1 Salaries

Max Life Insurance Senior Manager 1 salary in India ranges between ₹4.5 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Max Life Insurance latest salaries received from various employees of Max Life Insurance.