Max Life Insurance Vice President Salaries by 40+ Employees (Updated 2025)

14 - 25 years exp.

₹17.9 Lakhs - ₹72.5 Lakhs

Salary of majority employees

11% less than the average Vice President Salary in Insurance Companies for 14 - 25 years of experience

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Salaries in different departments

BFSI, Investments & Trading Vice President Salary 15 - 20 years exp. (9 salaries)	₹23 L/yr - ₹50 L/yr
Sales & Business Development Vice President Salary 16 - 25 years exp. (9 salaries)	₹20.1 L/yr - ₹49 L/yr
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Strategic & Top Management Vice President Salary 14 - 20 years exp. (6 salaries)	₹54.5 L/yr - ₹79 L/yr
Product Management Vice President Salary 20 - 23 years exp. (3 salaries)	₹26.4 L/yr - ₹60 L/yr
Marketing & Communication Vice President Salary 16 - 17 years exp. (AmbitionBox Estimate)	₹37 L/yr - ₹53.4 L/yr

Last Updated: 5 Jan 2025

Companies similar to Max Life Insurance for Vice President

Company name	Avg Annual Salary	Open Jobs
HDFC Life Vice President Salary 12 - 27 years exp. (39 salaries)	₹26 L/yr - ₹72 L/yr 10% more
ICICI Prudential Life Insurance Vice President Salary 17 - 23 years exp. (9 salaries)	₹27 L/yr - ₹50 L/yr 14% less
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SBI Life Insurance Company Vice President Salary 10 - 20 years exp. (35 salaries)	₹15.8 L/yr - ₹62 L/yr 10% less
Bajaj Allianz Life Insurance Vice President Salary 14 - 24 years exp. (18 salaries)	₹40.5 L/yr - ₹73 L/yr 21% more
Tata AIA Life Insurance Vice President Salary 15 - 23 years exp. (14 salaries)	₹30.4 L/yr - ₹97 L/yr 60% more	4 job openings
Kotak Mahindara Life Insurance Vice President Salary 14 - 21 years exp. (45 salaries)	₹22.3 L/yr - ₹45 L/yr 25% less
Reliance Nippon Life Insurance Vice President Salary 11 - 24 years exp. (35 salaries)	₹16 L/yr - ₹56 L/yr 26% less
Aditya Birla Health Insurance Co Vice President Salary 14 - 20 years exp. (6 salaries)	₹51 L/yr - ₹97 L/yr 99% more
ICICI Lombard General Insurance Company Vice President Salary 14 - 22 years exp. (32 salaries)	₹32.1 L/yr - ₹94 L/yr 29% more
HDFC Ergo General Insurance Vice President Salary 15 - 28 years exp. (31 salaries)	₹28 L/yr - ₹65.3 L/yr 4% more
Star Union Dai-ichi Life Insurance Vice President Salary 17 - 22 years exp. (7 salaries)	₹48 L/yr - ₹63 L/yr 28% more
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Aviva Life Insurance India Vice President Salary 15 - 24 years exp. (5 salaries)	₹49 L/yr - ₹52 L/yr 19% more
Gallagher Vice President Salary 9 - 22 years exp. (5 salaries)	₹32 L/yr - ₹36.3 L/yr 19% less
Magma HDI General Insurance Vice President Salary 16 - 19 years exp. (4 salaries)	₹37.8 L/yr - ₹45 L/yr 7% less
SBI General Insurance Vice President Salary 16 - 20 years exp. (4 salaries)	₹38 L/yr - ₹94 L/yr 31% more
Bajaj Allianz General Insurance Vice President Salary 16 - 20 years exp. (4 salaries)	₹50 L/yr - ₹70 L/yr 38% more
ManipalCigna Health Insurance Vice President Salary 0 - 22 years exp. (4 salaries)	₹38 L/yr - ₹50 L/yr 3% more
Star Health & Allied Insurance Vice President Salary 22 - 26 years exp. (3 salaries)	₹50 L/yr - ₹51 L/yr 18% more

Vice President salary at Max Life Insurance ranges between ₹17.9 Lakhs to ₹72.5 Lakhs per year for employees with experience between 14 years to 25 years. Salary estimates are based on 40 latest salaries received from various employees of Max Life Insurance.

Experience wise Max Life Insurance Vice President salaries

Last Updated: 5 Jan 2025

Experience	Avg Annual Salary
14 years (3 salaries)	₹16.5 L/yr - ₹65 L/yr
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15+ years (37 salaries)	₹17.7 L/yr - ₹76.4 L/yr

Similar Designation salaries in Max Life Insurance

Senior Vice President Salary

(5 salaries)

₹97 L/yr - ₹102 L/yr

Associate Vice President Salary

(31 salaries)

₹11.15 L/yr - ₹44 L/yr

Assistant Vice President Salary

(96 salaries)

₹10.5 L/yr - ₹39.5 L/yr

Director Salary

(3 salaries)

₹50 L/yr - ₹100 L/yr

Vice President Operations Salary

(AmbitionBox Estimate)

₹33.8 L/yr - ₹43.1 L/yr

Head Operations Salary

(AmbitionBox Estimate)

₹28.4 L/yr - ₹36.3 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Business Head Salary

(AmbitionBox Estimate)

₹90.3 L/yr - ₹99.8 L/yr

Branch Head Salary

(27 salaries)

₹9 L/yr - ₹17 L/yr

Branch Manager Salary

(139 salaries)

₹7 L/yr - ₹14 L/yr

Top skills at Max Life Insurance for Vice President

Bancassurance Project Management Process automation Innovation Life Insurance

Salary related reviews for Max Life Insurance

4.1

Rated by 5 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.

Operations Executive in Howrah

Operations Department

5.0

• posted on 02 Jun 2021

4.0

for Salary and Benefits

Likes

Very good company for both personal and professional growth.Employee centric.Friendly environment.Colleagues and seniors are very much co-operative which is very helpful for a new joinee.I shared a great relation with them.A very much customer oriented company when it comes to service.

Dislikes

Salary structure needs to improve for an off-role employee else everything is fine.

Operations Executive in Ranchi

BFSI, Investments & Trading Department

5.0

• posted on 28 May 2019

5.0

for Salary and Benefits

Likes

Working with the max life insurance is such a great experience . My team leaders are very supportive , salary package is not to too but its okay, i have learned too many things there but work life balance is not too good

Dislikes

The thing that i dislike in working in max life insurance that is we all employee work every sunday but not even a single employee get compensation for the working on sunday.

Operations Executive in Gurgaon / Gurugram

Quality Assurance Department

5.0

• posted on 14 Aug 2020

4.0

for Salary and Benefits

Likes

.... It provide us WFH facilities which feels me secured during this pandemic time. Also I got my salary on time without any deductions which is a great thing during this survival period.

Dislikes

Nothing

Operations Executive in Gurgaon / Gurugram

Group Business Department

5.0

• posted on 15 Oct 2020

4.0

for Salary and Benefits

Likes

This is a very good company and good work environment or culture. Company policy are better, company pay salary and bonus time to time. This time i want job max life insurance

Dislikes

I have no any word about dislike this company

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Max Life Insurance Vice President Salary FAQs

What is the salary of Vice President at Max Life Insurance?

Vice President salary at Max Life Insurance in India ranges between ₹17.9 Lakhs to ₹72.5 Lakhs for experience between 14 years to 25 years. According to our estimates it is 11% less than the average Vice President Salary in India. Salary estimates are based on 40 latest salaries received from various employees of Max Life Insurance India.

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

The average salary of a Vice President at Max Life Insurance is 11% less than the average salary of a Vice President in India. To know exact salary insights, login to view.

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

Bancassurance, Project Management, Process automation, Innovation and Life Insurance are some of the popular skills required to work as a Vice President at Max Life Insurance India.

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

Aditya Birla Health Insurance Co Vice President Salary - ₹51.0 Lakhs to ₹97.0 Lakhs per year
Tata AIA Life Insurance Vice President Salary - ₹30.4 Lakhs to ₹97.0 Lakhs per year
Bajaj Allianz General Insurance Vice President Salary - ₹50.0 Lakhs to ₹70.0 Lakhs per year
SBI General Insurance Vice President Salary - ₹38.0 Lakhs to ₹94.0 Lakhs per year
ICICI Lombard General Insurance Company Vice President Salary - ₹32.1 Lakhs to ₹94.0 Lakhs per year

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

Star Union Dai-ichi Life Insurance Vice President Salary - ₹48.0 Lakhs to ₹63.0 Lakhs per year
Bajaj Allianz Life Insurance Vice President Salary - ₹40.5 Lakhs to ₹73.0 Lakhs per year
Aviva Life Insurance India Vice President Salary - ₹49.0 Lakhs to ₹52.0 Lakhs per year
Star Health & Allied Insurance Vice President Salary - ₹50.0 Lakhs to ₹51.0 Lakhs per year
HDFC Life Vice President Salary - ₹26.0 Lakhs to ₹72.0 Lakhs per year

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

The estimated take-home salary of a Vice President at Max Life Insurance ranges between ₹2,52,913 per month to ₹2,63,212 per month in India. The take-home salary calculation is based on the average Max Life Insurance Vice President salary in India which ranges between ₹17.9 Lakhs to ₹72.5 Lakhs per year for employees with experience between 14 years to 25 years. Check how did we calculate take home salary?

What is the notice period for Vice President at Max Life Insurance?

According to AmbitionBox, 77% of the Max Life Insurance Vice Presidents reported a notice period of 3 Months, 13% reported a notice period of More than 3 months and the remaining reported other notice period durations. This is based on 31 responses on AmbitionBox in last 2 years.

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Max Life Insurance Vice President Salaries

Max Life Insurance Vice President salary in India ranges between ₹17.9 Lakhs to ₹72.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 40 Max Life Insurance latest salaries received from various employees of Max Life Insurance.