Madhav Insurance Brokers Salaries by 20+ Employees (Updated 2025)

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Designation	Avg Annual Salary	Open Jobs
Relationship Manager 2 - 9 years exp. (4 salaries)	₹4.2 L/yr - ₹6 L/yr
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Claims Manager 3 - 8 years exp. (4 salaries)	₹3.6 L/yr - ₹5.4 L/yr
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Associate Vice President 2 - 3 years exp. (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.5 L/yr
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Operations Manager 15 - 16 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
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Insurance Underwriter 4 - 5 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
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Non Motor Underwriter 1 - 2 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
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Underwriter 5 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
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Executive Accountant 5 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
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Accounts Manager 6 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
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Head Claims 5 years exp. (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
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Senior Manager 11 years exp. (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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Madhav Insurance Brokers Salary FAQs

What is the minimum salary in Madhav Insurance Brokers?

Minimum salary at Madhav Insurance Brokers depends on the role you are applying for. For Executive Accountant the minimum salary is ₹2.5 Lakhs to ₹3.2 Lakhs per year, and for Non Motor Underwriter the minimum salary is ₹3.4 Lakhs to ₹4.3 Lakhs per year and so on.

What is the notice period at Madhav Insurance Brokers?

According to AmbitionBox, 57% of the Madhav Insurance Brokers employees reported a notice period of 1 Month, 22% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

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Madhav Insurance Brokers Salaries by Location

Madhav Insurance Brokers Salaries by Department

Average annual salary in Madhav Insurance Brokers is INR . Salary estimates are based on 21 Madhav Insurance Brokers latest salaries received from various employees of Madhav Insurance Brokers.