Axis Max Life Insurance Underwriting Manager Salaries by 3 Employees (Updated 2025)

5 - 14 years exp.

₹8.5 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

Fixed (83%)

₹7.8 Lakhs

Variable (17%)

₹1.7 Lakh

7% more than the average Underwriting Manager Salary in Insurance Companies for 5 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Underwriting Manager Salary 14 years exp. (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.4 L/yr
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Customer Success, Service & Operations Underwriting Manager Salary 9 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr

Last Updated: 15 Mar 2025

Companies similar to Axis Max Life Insurance for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
SBI General Insurance Underwriting Manager Salary 1 - 13 years exp. (28 salaries)	₹5.8 L/yr - ₹13.5 L/yr 4% more
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 14% more
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ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (14 salaries)	₹6 L/yr - ₹10.5 L/yr 13% less
ICICI Lombard General Insurance Company Underwriting Manager Salary 1 - 17 years exp. (9 salaries)	₹5.8 L/yr - ₹14.5 L/yr 8% less
Tata AIA Life Insurance Underwriting Manager Salary 12 - 18 years exp. (7 salaries)	₹7.8 L/yr - ₹18 L/yr 35% more
Cholamandalam MS General Insurance Underwriting Manager Salary 4 - 13 years exp. (7 salaries)	₹4.4 L/yr - ₹11.9 L/yr 17% less
Gallagher Underwriting Manager Salary 7 - 10 years exp. (5 salaries)	₹12 L/yr - ₹13 L/yr 33% more
Bajaj Allianz General Insurance Underwriting Manager Salary 10 - 17 years exp. (5 salaries)	₹17 L/yr - ₹22 L/yr 106% more
SBI Life Insurance Company Underwriting Manager Salary 1 - 14 years exp. (5 salaries)	₹8 L/yr - ₹11 L/yr 1% more
HDFC Life Underwriting Manager Salary 12 - 17 years exp. (5 salaries)	₹9.7 L/yr - ₹18.5 L/yr 35% more
Kotak Mahindara Life Insurance Underwriting Manager Salary 1 - 3 years exp. (5 salaries)	₹5.1 L/yr - ₹8.4 L/yr 33% less
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Aditya Birla Sun Life Insurance Underwriting Manager Salary 7 - 10 years exp. (4 salaries)	₹10.1 L/yr - ₹13.4 L/yr 17% more
PNB MetLife Underwriting Manager Salary 2 - 16 years exp. (4 salaries)	₹3.9 L/yr - ₹11.4 L/yr 23% less
ManipalCigna Health Insurance Underwriting Manager Salary 13 - 15 years exp. (4 salaries)	₹7.8 L/yr - ₹14.6 L/yr 15% more
Star Health & Allied Insurance Underwriting Manager Salary 3 - 6 years exp. (3 salaries)	₹3 L/yr - ₹5.1 L/yr 52% less
AIG Underwriting Manager Salary 9 - 14 years exp. (3 salaries)	₹14.3 L/yr - ₹21.1 L/yr 72% more

Underwriting Manager salary at Axis Max Life Insurance ranges between ₹8.5 Lakhs to ₹10 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 3 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Axis Max Life Insurance Underwriting Manager salaries

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
9 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
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14 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr

Similar Designation salaries in Axis Max Life Insurance

Underwriting Analyst Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Underwriter Salary

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₹2.4 L/yr - ₹8.5 L/yr

Chief Manager Salary

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₹11.89 L/yr - ₹37.76 L/yr

Senior Underwriter Salary

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₹2.8 L/yr - ₹5.5 L/yr

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₹5.8 L/yr - ₹18.01 L/yr

Team Lead Salary

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₹2.6 L/yr - ₹9 L/yr

Senior Associate Salary

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₹2.05 L/yr - ₹5 L/yr

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₹16 L/yr - ₹22 L/yr

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₹2.65 L/yr - ₹12.5 L/yr

Salary related reviews for Axis 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

Agency Development Manager in Kollam

Full Time

Sales & Business Development Department

1.0

• posted on 06 Feb 2025

2.0

for Salary and Benefits

Likes

Second Saturday and Sunday, third Saturday and Sundays are off. No other perks.

Dislikes

... from you. More than 5 persons already left the office with their toxic culture. Don't trust their words during interview they will give a package which is lesser than your current ctc and will give excuses as you will earn promotions in a fast track mode. nothing doing you will not meet their unrealistic targets. Hope my review will help future comers. thank you.

Salary - Poor

+6 more

Assistant Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 03 Feb 2025

2.0

for Salary and Benefits

Likes

The thing is like about max life insurance is salary credit is on time and 2nd and 3rd Saturday is also weekoff.

Dislikes

...they expect high level quality work from employees. Worst management and system. Field work also involved in the low salary. 2 field visit per day.

Salary - Poor

+5 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

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Axis Max Life Insurance Underwriting Manager Salary FAQs

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

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

Experience	Average Salary Range
5 years	₹9.0 Lakhs to ₹11.5 Lakhs per year
9 years	₹9.0 Lakhs to ₹11.5 Lakhs per year
14 years	₹7.7 Lakhs to ₹9.8 Lakhs per year

and so on.

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Axis Max Life Insurance Underwriting Manager Salaries

Axis Max Life Insurance Underwriting Manager salary in India ranges between ₹8.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.