Axis Max Life Insurance Mumbai Vice President Salaries by 6 Employees (Updated 2025)

17 - 23 years exp.

₹32 Lakhs - ₹79 Lakhs

Salary of majority employees

13% more than the average Vice President Salary in Insurance Companies for 17 - 23 years of experience

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Salaries in different departments

Strategic & Top Management Vice President Salary 19 - 21 years exp. (3 salaries)	₹66 L/yr - ₹79 L/yr
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Sales & Business Development Vice President Salary 17 - 23 years exp. (AmbitionBox Estimate)	₹38 L/yr - ₹49 L/yr

Last Updated: 22 Mar 2025

Companies similar to Axis Max Life Insurance for Vice President in Mumbai

Axis Max Life Insurance Vice President Salary

17 - 23 years exp. (6 salaries)

₹32 L/yr - ₹79 L/yr

Company name	Avg Annual Salary	Open Jobs
Reliance Nippon Life Insurance Vice President Salary 11 - 24 years exp. (29 salaries)	₹16 L/yr - ₹60 L/yr 35% less
ICICI Lombard General Insurance Company Vice President Salary 14 - 23 years exp. (24 salaries)	₹32.1 L/yr - ₹94 L/yr 18% more
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Kotak Mahindara Life Insurance Vice President Salary 14 - 21 years exp. (23 salaries)	₹22.3 L/yr - ₹43 L/yr 37% less
HDFC Ergo General Insurance Vice President Salary 17 - 31 years exp. (18 salaries)	₹28.4 L/yr - ₹65.3 L/yr 16% less
SBI Life Insurance Company Vice President Salary 10 - 20 years exp. (18 salaries)	₹20 L/yr - ₹62 L/yr 20% less
HDFC Life Vice President Salary 12 - 27 years exp. (18 salaries)	₹26 L/yr - ₹72 L/yr 9% less	4 job openings
Tata AIA Life Insurance Vice President Salary 15 - 20 years exp. (10 salaries)	₹31 L/yr - ₹97 L/yr 39% more	2 job openings
Bajaj Allianz Life Insurance Vice President Salary 14 - 21 years exp. (8 salaries)	₹42 L/yr - ₹73 L/yr 1% more
Star Union Dai-ichi Life Insurance Vice President Salary 18 - 22 years exp. (5 salaries)	₹48 L/yr - ₹62 L/yr 9% more
ICICI Prudential Life Insurance Vice President Salary 18 - 20 years exp. (4 salaries)	₹32 L/yr - ₹38 L/yr 29% less
ManipalCigna Health Insurance Vice President Salary 0 - 22 years exp. (4 salaries)	₹38 L/yr - ₹50 L/yr 18% less
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Vice President salary at Axis Max Life Insurance ranges between ₹32 Lakhs to ₹79 Lakhs per year for employees with experience between 17 years to 23 years. Salary estimates are based on 6 latest salaries received from various employees of Axis Max Life Insurance.

Experience wise Axis Max Life Insurance Vice President salaries in Mumbai

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
15+ years (6 salaries)	₹32 L/yr - ₹79 L/yr
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Similar Designation salaries in Axis Max Life Insurance

Assistant Vice President Salary

(19 salaries)

₹18.5 L/yr - ₹35 L/yr

Branch Manager Salary

(12 salaries)

₹7.3 L/yr - ₹12.5 L/yr

Associate Vice President Salary

(8 salaries)

₹12 L/yr - ₹44 L/yr

Senior Vice President Salary

(4 salaries)

₹80 L/yr - ₹101 L/yr

Top skills at Axis Max Life Insurance for Vice President

Bancassurance Project Management Process automation Innovation Life Insurance

Salary related reviews for Axis Max Life Insurance

5.0

Rated by 1 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

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.

Salary - Good

+6 more

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

Salary - Excellent

+6 more

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.

Salary - Good

+6 more

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

Salary - Good

+6 more

Dislikes

I have no any word about dislike this company

see more salary related reviews

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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 Vice President Salary FAQs

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

The average salary of a Vice President at Axis Max Life Insurance in Mumbai typically ranges from ₹32.0 Lakhs to ₹79.0 Lakhs per year, depending on experience (from 17 years to 23 years).

The top 10% of Vice President in Mumbai at Axis Max Life Insurance earn more than ₹79.0 Lakhs per year, and the top 1% earn over ₹79.0 Lakhs per year. Vice President 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 6 Axis Max Life Insurance employees in India.

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

The estimated take-home salary of a Vice President at Axis Max Life Insurance in Mumbai typically ranges from ₹2,99,738 to ₹3,23,127 per month. This is based on the average salary range of ₹32.0 Lakhs to ₹79.0 Lakhs per year for employees with experience ranging from 17 years to 23 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 6 salaries received from various employees of Axis Max Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Vice President at Axis Max Life Insurance in Mumbai?

To be a Vice President at Axis Max Life Insurance in Mumbai, the key skills required include:

- Bancassurance
- Project Management
- Process automation
- Innovation
- Life Insurance

These skills are highly valued at Axis Max Life Insurance and are crucial for successful performance in a Software Engineering role.

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

Tata AIA Life Insurance	₹31.0 Lakhs to ₹97.0 Lakhs per year
ICICI Lombard General Insurance Company	₹32.1 Lakhs to ₹94.0 Lakhs per year
Star Union Dai-ichi Life Insurance	₹48.0 Lakhs to ₹62.0 Lakhs per year
Bajaj Allianz Life Insurance	₹42.0 Lakhs to ₹73.0 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 Vice President in companies similar to Axis Max Life Insurance in Mumbai?

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

HDFC Life	₹26.0 Lakhs to ₹72.0 Lakhs per year
HDFC Ergo General Insurance	₹28.4 Lakhs to ₹65.3 Lakhs per year
ManipalCigna Health Insurance	₹38.0 Lakhs to ₹50.0 Lakhs per year
SBI Life Insurance Company	₹20.0 Lakhs to ₹62.0 Lakhs per year
ICICI Prudential Life Insurance	₹32.0 Lakhs to ₹38.0 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 Vice President at Axis Max Life Insurance in Mumbai?

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

Experience	Average Salary Range
15 years	₹32.0 Lakhs to ₹79.0 Lakhs per year

and so on.

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Axis Max Life Insurance Vice President Salaries in Mumbai

Axis Max Life Insurance Vice President salary in Mumbai ranges between ₹32 Lakhs to ₹79 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Axis Max Life Insurance latest salaries received from various employees of Axis Max Life Insurance.