About Axis Max Life

Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a joint venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited.

Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery, and a well-trained human capital.

Axis Max Life has been consistently ranked among the best workplaces by the GPTW Institute, reflecting its commitment to creating a positive and empowering work setting.

#ComeAsYouAre LGBTQIA+ and PwD candidates of all ages are encouraged to apply

Job Description:

JOB SUMMARY:

This position will support various projects in Pricing team and will have following responsibilities:

Individual and Group Product Pricing

- Ability to create excel models for pricing and profit testing
- Ability to check the work done by the team and spot errors by back of the envelope checks, trend analysis.
- Provide technical inputs and ensure robustness of pricing models and Illustrations
- Active involvement in finalizing the pricing assumptions and take necessary sign offs
- Ability to understand the asset liability matching techniques especially for non-par (savings and protection) business
- Understanding of the interest rate derivatives allowed as per regulations and awareness of the use in Indian Insurance Industry




- Ability to provide insightful summary of the results of various iteration and sensitivities done during pricing
- Comprehensive analysis on various product design aspects in the Pricing Report
- Assist the senior pricing actuary in preparing pricing reports, F&U; and other documents necessary to get internal and IRDA approval
- Prepare the ‘File and Use ‘document and reply to IRDA queries
- Provide the actuarial assistance to group business team to help provide suitable and competitive quote rates with reasonable margins

MEASURES OF SUCCESS:

- Ability to work with minimum supervision and problem solving ability
- Completion of tasks on time and at desired standards including documentation and audit trails
- Accuracy of results and comprehensiveness of the pricing model/reports

LEADERSHIP/DIRECTREPORTS:

The ideal candidate should be proactive in taking responsibilities and capable of working effectively in a cross functional team.

JOB REQUIREMENTS

MINIMUM EDUCATION:

- Graduate
- Strong progression of actuarial exams with a minimum of 10-12 exams including CT-5.

MINIMUM/SPECIFICEXPERIENCE:

- Pricing experience, awareness of competitive landscape in the Indian Life Insurance market and IRDA regulations
- Experience of pricing of products especially non participating products on excel

COMPENSATION RANGE:

Market competitive and based on previous salary, work experience and actuarial qualification

State:

Home Office

Branch:

Gurugram -90C

Department:

Enterprise COE

Function:

Product - Pricing

Posted On:

14-Aug-2026

📌 Manager - Product Pricing (India)
🏢 AxisMaxlife
📍 India