Max Life Insurance Mumbai Senior Officer Salaries by 8 Employees (Updated 2025)

2 - 5 years exp.

₹2.1 Lakhs - ₹2.7 Lakhs

Salary of majority employees

48% less than the average Senior Officer Salary in Insurance Companies for 2 - 5 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Finance & Accounting Senior Officer Salary 2 - 5 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
Marketing & Communication Senior Officer Salary 3 - 5 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.5 L/yr
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Sales & Business Development Senior Officer Salary 2 - 4 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.5 L/yr
Customer Success, Service & Operations Senior Officer Salary 4 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.5 L/yr

Last Updated: 29 Aug 2024

Companies similar to Max Life Insurance for Senior Officer in Mumbai

Max Life Insurance Senior Officer Salary

2 - 5 years exp. (8 salaries)

₹2.1 L/yr - ₹2.7 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Senior Officer Salary 2 - 8 years exp. (10 salaries)	₹2.6 L/yr - ₹3.8 L/yr 40% more
ICICI Bank Senior Officer Salary 0 - 6 years exp. (706 salaries)	₹1.5 L/yr - ₹6 L/yr 32% more
Login to view exact salary
IDFC FIRST Bank Senior Officer Salary 0 - 8 years exp. (376 salaries)	₹2 L/yr - ₹5.5 L/yr 62% more
Yes Bank Senior Officer Salary 0 - 7 years exp. (345 salaries)	₹2 L/yr - ₹4.7 L/yr 36% more
Lupin Senior Officer Salary 2 - 10 years exp. (187 salaries)	₹2.9 L/yr - ₹6.7 L/yr 100% more

Senior Officer salary at Max Life Insurance ranges between ₹2.1 Lakhs to ₹2.7 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 8 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Senior Officer salaries in Mumbai

Last Updated: 29 Aug 2024

Experience	Avg Annual Salary
2 years (3 salaries)	₹2 L/yr - ₹2.5 L/yr
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.4 L/yr
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4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.5 L/yr
5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.7 L/yr

From

Senior Officer

₹

Lakhs/yr

1 - 5 years exp.

Assistant Vice President

₹

Lakhs/yr

8 - 23 years exp.

Senior Officer 1 - 5 years exp.

Assistant Manager 0 - 10 years exp.

72% hike

Deputy Manager 0 - 12 years exp.

16% hike

Similar Designation salaries in Max Life Insurance

Deputy Manager Salary

(69 salaries)

₹3.15 L/yr - ₹7.7 L/yr

Management Trainee Salary

(3 salaries)

₹21.19 L/yr - ₹22 L/yr

Top skills at Max Life Insurance for Senior Officer

Relationship Management Sales Mutual Funds Customer Service Relationship Building CRM Financial Planning Loans Financial Services Salesforce Sales Process Licensing Direct Sales SAP Visualforce

Salary related reviews for Max Life Insurance

Senior Officer in Amritsar

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 02 Jul 2023

5.0

for Salary and Benefits

Likes

Max is best company in insurance sector Max always appreciate his employee & also pays a good salary, incentive, sizzler to his employee I will again join the max

Salary - Excellent

+4 more

Dislikes

My few colleagues always trying to misguide each other and some have jealousy for someone's being best

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

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 Officer Salary FAQs

What is the salary of Senior Officer at Max Life Insurance Mumbai?

Senior Officer salary at Max Life Insurance in Mumbai ranges between ₹2.1 Lakhs to ₹2.7 Lakhs for experience between 2 years to 5 years. According to our estimates it is 48% less than the average Senior Officer Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Max Life Insurance Mumbai.

How does the salary of a Senior Officer at Max Life Insurance Mumbai compare with the average salary range for this job?

The average salary of a Senior Officer at Max Life Insurance is 48% less than the average salary of a Senior Officer in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Senior Officer at Max Life Insurance?

Relationship Management, Sales, Mutual Funds, Customer Service and Relationship Building are some of the popular skills required to work as a Senior Officer at Max Life Insurance Mumbai.

Which similar companies are paying more than Max Life Insurance to a Senior Officer in Mumbai?

Lupin Senior Officer Salary - ₹2.9 Lakhs to ₹6.7 Lakhs per year
IDFC FIRST Bank Senior Officer Salary - ₹2.0 Lakhs to ₹5.5 Lakhs per year
ICICI Lombard General Insurance Company Senior Officer Salary - ₹2.6 Lakhs to ₹3.8 Lakhs per year
Yes Bank Senior Officer Salary - ₹2.0 Lakhs to ₹4.7 Lakhs per year
ICICI Bank Senior Officer Salary - ₹1.5 Lakhs to ₹6.0 Lakhs per year

What is the estimated take home salary of a Senior Officer at Max Life Insurance in Mumbai?

The estimated take-home salary of a Senior Officer at Max Life Insurance ranges between ₹16,816 per month to ₹18,526 per month in Mumbai. The take-home salary calculation is based on the average Max Life Insurance Senior Officer salary in India which ranges between ₹2.1 Lakhs to ₹2.7 Lakhs per year for employees with experience between 2 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Senior Officer at Max Life Insurance in Mumbai?

According to AmbitionBox, 43% of the Max Life Insurance Senior Officers in Mumbai reported a notice period of 15 days or less, 28% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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Max Life Insurance Senior Officer Salaries in Mumbai

Max Life Insurance Senior Officer salary in Mumbai ranges between ₹2.1 Lakhs to ₹2.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Max Life Insurance latest salaries received from various employees of Max Life Insurance.