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

1 - 5 years exp.

₹2.1 Lakhs - ₹3.1 Lakhs

Salary of majority employees

55% less than the average Underwriter Salary in Insurance Companies for 1 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Underwriter Salary 1 - 5 years exp. (6 salaries)	₹2.1 L/yr - ₹2.8 L/yr
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Customer Success, Service & Operations Underwriter Salary 1 - 3 years exp. (3 salaries)	₹2.2 L/yr - ₹3.1 L/yr

Last Updated: 16 Mar 2023

Companies similar to Max Life Insurance for Underwriter

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Underwriter Salary 0 - 5 years exp. (25 salaries)	₹2.1 L/yr - ₹6 L/yr 77% more
HDFC Life Underwriter Salary 0 - 5 years exp. (15 salaries)	₹1.8 L/yr - ₹4.7 L/yr 61% more
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SBI Life Insurance Company Underwriter Salary 0 - 10 years exp. (24 salaries)	₹2 L/yr - ₹6.7 L/yr 63% more
Bajaj Allianz Life Insurance Underwriter Salary 1 - 6 years exp. (8 salaries)	₹2.4 L/yr - ₹6.5 L/yr 45% more
Kotak Mahindara Life Insurance Underwriter Salary 0 - 2 years exp. (6 salaries)	₹4.5 L/yr - ₹6.5 L/yr 131% more
Tata AIA Life Insurance Underwriter Salary 0 - 15 years exp. (3 salaries)	₹6 L/yr - ₹10.5 L/yr 264% more	2 job openings
Aditya Birla Sun Life Insurance Underwriter Salary 0 - 4 years exp. (6 salaries)	₹1.7 L/yr - ₹3.5 L/yr 26% more
PNB MetLife Underwriter Salary 2 - 8 years exp. (4 salaries)	₹2 L/yr - ₹7 L/yr 114% more
Life Insurance Corporation of India Underwriter Salary 3 - 31 years exp. (4 salaries)	₹3 L/yr - ₹20 L/yr 354% more
Star Health & Allied Insurance Underwriter Salary 1 - 8 years exp. (63 salaries)	₹1.7 L/yr - ₹4.1 L/yr 11% more
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (43 salaries)	₹3.7 L/yr - ₹9.5 L/yr 192% more
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Royal Sundaram General Insurance Underwriter Salary 1 - 13 years exp. (15 salaries)	₹4.8 L/yr - ₹13 L/yr 287% more
HDFC Ergo General Insurance Underwriter Salary 0 - 7 years exp. (13 salaries)	₹3 L/yr - ₹7.2 L/yr 184% more
Care Health Insurance Underwriter Salary 0 - 7 years exp. (12 salaries)	₹2.4 L/yr - ₹6.2 L/yr 70% more
Bajaj Allianz General Insurance Underwriter Salary 2 - 10 years exp. (11 salaries)	₹1 L/yr - ₹5.7 L/yr 51% more	2 job openings
Gallagher Underwriter Salary 2 - 13 years exp. (11 salaries)	₹5.2 L/yr - ₹20.7 L/yr 381% more
Cholamandalam MS General Insurance Underwriter Salary 0 - 9 years exp. (10 salaries)	₹2 L/yr - ₹9.9 L/yr 124% more
SBI General Insurance Underwriter Salary 0 - 14 years exp. (9 salaries)	₹5 L/yr - ₹14 L/yr 343% more
Magma HDI General Insurance Underwriter Salary 0 - 5 years exp. (7 salaries)	₹3.4 L/yr - ₹8.1 L/yr 113% more
The New India Assurance Co. Underwriter Salary 0 - 6 years exp. (8 salaries)	₹1 L/yr - ₹6.1 L/yr 137% more

View all

Underwriter salary at Max Life Insurance ranges between ₹2.1 Lakhs to ₹3.1 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 11 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Underwriter salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
1 year (3 salaries)	₹2.1 L/yr - ₹4.2 L/yr
2 years (3 salaries)	₹2.2 L/yr - ₹2.9 L/yr
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3 years (3 salaries)	₹1 L/yr - ₹3.1 L/yr
4 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr

Similar Designation salaries in Max Life Insurance

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(4 salaries)

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(18 salaries)

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Underwriting Manager Salary

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₹8.5 L/yr - ₹10 L/yr

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Chief Manager Salary

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Senior Associate Salary

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Senior Analyst Salary

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Deputy Manager Salary

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Management Trainee Salary

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Process Associate Salary

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Top skills at Max Life Insurance for Underwriter

Medical underwriting MS Office Finance Excel Nursing Powerpoint Underwriting Analytical skills Team Leading Employee Engagement Team Management Financial Services Sales Process Quality Check Life Insurance

Salary related reviews for Max Life Insurance

4.2

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

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

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.

Salary - Bad

+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 Underwriter Salary FAQs

What is the salary of Underwriter at Max Life Insurance?

Underwriter salary at Max Life Insurance in India ranges between ₹2.1 Lakhs to ₹3.1 Lakhs for experience between 1 years to 5 years. According to our estimates it is 55% less than the average Underwriter Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Max Life Insurance India.

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

The average salary of a Underwriter at Max Life Insurance is 55% less than the average salary of a Underwriter in India. To know exact salary insights, login to view.

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

Medical underwriting, MS Office, Finance, Excel and Nursing are some of the popular skills required to work as a Underwriter at Max Life Insurance India.

Which similar companies are paying more than Max Life Insurance to a Underwriter in India?

Gallagher Underwriter Salary - ₹5.2 Lakhs to ₹20.7 Lakhs per year
Life Insurance Corporation of India Underwriter Salary - ₹3.0 Lakhs to ₹20.0 Lakhs per year
SBI General Insurance Underwriter Salary - ₹5.0 Lakhs to ₹14.0 Lakhs per year
Royal Sundaram General Insurance Underwriter Salary - ₹4.8 Lakhs to ₹13.0 Lakhs per year
Tata AIA Life Insurance Underwriter Salary - ₹6.0 Lakhs to ₹10.5 Lakhs per year

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

ICICI Lombard General Insurance Company Underwriter Salary - ₹3.7 Lakhs to ₹9.5 Lakhs per year
HDFC Ergo General Insurance Underwriter Salary - ₹3.0 Lakhs to ₹7.2 Lakhs per year
AIG Underwriter Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
The New India Assurance Co. Underwriter Salary - ₹1.0 Lakhs to ₹6.1 Lakhs per year
Kotak Mahindara Life Insurance Underwriter Salary - ₹4.5 Lakhs to ₹6.5 Lakhs per year

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

The estimated take-home salary of a Underwriter at Max Life Insurance ranges between ₹16,883 per month to ₹18,593 per month in India. The take-home salary calculation is based on the average Max Life Insurance Underwriter salary in India which ranges between ₹2.1 Lakhs to ₹3.1 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Underwriter at Max Life Insurance?

According to AmbitionBox, 100% of the Max Life Insurance Underwriters reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Max Life Insurance Underwriter Salaries

Max Life Insurance Underwriter salary in India ranges between ₹2.1 Lakhs to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Max Life Insurance latest salaries received from various employees of Max Life Insurance.