Axis Max Life Insurance SM Salaries by 10+ Employees (Updated 2025)

1 - 10 years exp.

₹3.1 Lakhs - ₹5.5 Lakhs

Salary of majority employees

52% less than the average SM Salary in Insurance Companies for 1 - 10 years of experience

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Salaries in different departments

Sales & Business Development SM Salary 4 - 7 years exp. (5 salaries)	₹4.2 L/yr - ₹5.3 L/yr
BFSI, Investments & Trading SM Salary 7 - 10 years exp. (3 salaries)	₹4 L/yr - ₹5.5 L/yr
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Customer Success, Service & Operations SM Salary 2 - 7 years exp. (3 salaries)	₹3.1 L/yr - ₹5.2 L/yr
Marketing & Communication SM Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹4.8 L/yr

Last Updated: 28 Feb 2025

Companies similar to Axis Max Life Insurance for SM

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance SM Salary 2 - 6 years exp. (13 salaries)	₹3.3 L/yr - ₹4.5 L/yr 10% less
Bajaj Allianz Life Insurance SM Salary 0 - 6 years exp. (11 salaries)	₹2 L/yr - ₹3.5 L/yr 35% less
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HDFC Life SM Salary 1 - 17 years exp. (10 salaries)	₹3.8 L/yr - ₹5.3 L/yr 1% more
HDFC Ergo General Insurance SM Salary 0 - 6 years exp. (9 salaries)	₹3.1 L/yr - ₹4.2 L/yr 15% less
ICICI Lombard General Insurance Company SM Salary 2 - 9 years exp. (7 salaries)	₹5.1 L/yr - ₹7.1 L/yr 50% more
Cholamandalam MS General Insurance SM Salary 2 - 9 years exp. (5 salaries)	₹3 L/yr - ₹4.2 L/yr 17% less
Bajaj Allianz General Insurance SM Salary 3 - 8 years exp. (5 salaries)	₹1.9 L/yr - ₹6.3 L/yr 3% less
PNB MetLife SM Salary 3 - 6 years exp. (5 salaries)	₹2.3 L/yr - ₹4.2 L/yr 27% less
Reliance Nippon Life Insurance SM Salary 1 - 9 years exp. (4 salaries)	₹2.3 L/yr - ₹2.5 L/yr 46% less
Life Insurance Corporation of India SM Salary 5 - 16 years exp. (4 salaries)	₹3 L/yr - ₹4.8 L/yr 6% less
ICICI Prudential Life Insurance SM Salary 2 - 4 years exp. (3 salaries)	₹6.5 L/yr - ₹7.1 L/yr 63% more
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Shriram Life Insurance SM Salary 3 - 7 years exp. (3 salaries)	₹2.3 L/yr - ₹3.2 L/yr 39% less

SM salary at Axis Max Life Insurance ranges between ₹3.1 Lakhs to ₹5.5 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 15 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Axis Max Life Insurance SM salaries

Last Updated: 28 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4 L/yr - ₹7.8 L/yr
2 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹7.8 L/yr
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3 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.8 L/yr
4 years (3 salaries)	₹3.1 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹4.8 L/yr
6 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹7.9 L/yr
7 years (3 salaries)	₹4 L/yr - ₹5.3 L/yr
8 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
9 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.2 L/yr
10 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.5 L/yr

View all

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Salary related reviews for Axis Max Life Insurance

4.0

Rated by 3 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.

Salary - Bad

+6 more

Aadm in Ghaziabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 09 Jun 2023

3.0

for Salary and Benefits

Likes

Salary come on time

Dislikes

...ing is a drama, just photo session. If you want a support just drama of support. They will ask you to invest your salary for different things Go's meeting, Trips, advertising, pamphlet, etc no conveyance for field work. Half of the salary goes in faltu and than after doing 16 hrs 7days a week work they tell that barat main aaya hai.. so it's better you do a labour job of 8 hrs and Get 500 Rs. Per day.

Skill development - Poor

+5 more

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

Customer Service Executive in Bikaner

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 24 Sep 2019

5.0

for Salary and Benefits

Likes

Excellent all things

Salary - Excellent

+6 more

Dislikes

Compensation is decent and fast growing, no any work pressure. I have to work 15 to 18 hours straight in a day I have attended claint calls and manage all operation and admin work.

Circle Coordinator in Haryana

Other Department

3.0

• posted on 31 May 2022

1.0

for Salary and Benefits

Likes

Max life insurance company is good in india it provides job security to the person who is working in a company

Skill development - Good

Dislikes

It does not provide new growth opportunities and salary related issues, promotion is very less in this company

Salary - Bad

+3 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Axis Max Life Insurance SM Salary FAQs

What is the salary of SM at Axis Max Life Insurance ?

The average salary of a SM at Axis Max Life Insurance in India typically ranges from ₹3.1 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of SM at Axis Max Life Insurance earn more than ₹5.3 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. SM Salaries at Axis Max Life Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Axis Max Life Insurance employees in India.

What is the estimated take home salary of a SM at Axis Max Life Insurance in India?

The estimated take-home salary of a SM at Axis Max Life Insurance in India typically ranges from ₹32,424 to ₹33,702 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 1 year to 10 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Axis Max Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Axis Max Life Insurance for SM in India?

ICICI Prudential Life Insurance	₹6.5 Lakhs to ₹7.1 Lakhs per year
ICICI Lombard General Insurance Company	₹5.1 Lakhs to ₹7.1 Lakhs per year
HDFC Life	₹3.8 Lakhs to ₹5.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Axis Max Life Insurance, depending on the role and experience level.

What is the salary of a SM in companies similar to Axis Max Life Insurance in India?

The salary of a SM at companies similar to Axis Max Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz General Insurance	₹1.9 Lakhs to ₹6.3 Lakhs per year
Life Insurance Corporation of India	₹3.0 Lakhs to ₹4.8 Lakhs per year
Kotak Mahindara Life Insurance	₹3.3 Lakhs to ₹4.5 Lakhs per year
HDFC Ergo General Insurance	₹3.1 Lakhs to ₹4.2 Lakhs per year
Cholamandalam MS General Insurance	₹3.0 Lakhs to ₹4.2 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a SM at Axis Max Life Insurance in India?

The salary growth for a SM at Axis Max Life Insurance depends on factors such as experience, performance, and promotions. On average, a SM can expect the following growth trajectory at Axis Max Life Insurance:

Experience	Average Salary Range
1 year	₹4.0 Lakhs to ₹7.8 Lakhs per year
2 years	₹3.1 Lakhs to ₹7.8 Lakhs per year
3 years	₹1.7 Lakhs to ₹4.8 Lakhs per year
4 years	₹3.1 Lakhs to ₹4.8 Lakhs per year

and so on.

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Axis Max Life Insurance SM Salaries

Axis Max Life Insurance SM salary in India ranges between ₹3.1 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.