Mahindra & Mahindra Insurance Executive Salaries by 6 Employees

1 - 4 years exp.

₹1.2 Lakh - ₹4.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

19% less than the average Insurance Executive Salary in Automobile Companies for 1 - 4 years of experience

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Salaries in different departments

Finance & Accounting Insurance Executive Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.5 L/yr
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Sales & Business Development Insurance Executive Salary 4 years exp. (AmbitionBox Estimate)	₹1.2 L/yr - ₹1.7 L/yr

Last Updated: 3 Sep 2024

Companies similar to Mahindra & Mahindra for Insurance Executive

Company name	Avg Annual Salary	Open Jobs
Maruti Suzuki Insurance Executive Salary 1 - 6 years exp. (55 salaries)	₹1 L/yr - ₹3 L/yr 10% less
Tata Motors Insurance Executive Salary 1 - 6 years exp. (21 salaries)	₹1 L/yr - ₹2.6 L/yr 10% less
Login to view exact salary
Hyundai Motor India Limited Insurance Executive Salary 1 - 6 years exp. (13 salaries)	₹1.3 L/yr - ₹3.1 L/yr 12% more
Harsha Toyota Insurance Executive Salary 1 - 4 years exp. (5 salaries)	₹1.3 L/yr - ₹2.4 L/yr 14% less
TVS Motor Insurance Executive Salary 0 - 2 years exp. (5 salaries)	₹1.2 L/yr - ₹2.2 L/yr 21% less
Honda Insurance Executive Salary 3 - 7 years exp. (5 salaries)	₹1.6 L/yr - ₹2.4 L/yr 18% less
General Motors Insurance Executive Salary 1 - 5 years exp. (4 salaries)	₹1.5 L/yr - ₹3.1 L/yr 2% more
Hero MotoCorp Insurance Executive Salary 4 - 5 years exp. (4 salaries)	₹1 L/yr - ₹2.6 L/yr 6% more
Ford Motor Insurance Executive Salary 1 - 9 years exp. (4 salaries)	₹1.5 L/yr - ₹3.6 L/yr 17% less
Toyota Insurance Executive Salary 2 - 8 years exp. (4 salaries)	₹1.8 L/yr - ₹3.5 L/yr 34% more

Insurance Executive salary at Mahindra & Mahindra ranges between ₹1.2 Lakh to ₹4.5 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 6 latest salaries received from various employees of Mahindra & Mahindra.

Experience wise Mahindra & Mahindra Insurance Executive salaries

Last Updated: 3 Sep 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹0.9 L/yr - ₹4.5 L/yr
2 years (AmbitionBox Estimate)	₹0.9 L/yr - ₹4.5 L/yr
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3 years (AmbitionBox Estimate)	₹2 L/yr - ₹3.8 L/yr
4 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.7 L/yr

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Salary related reviews for Mahindra & Mahindra

4.4

Rated by 4 employees for salary & benefits

Senior Associate in Lucknow

Full Time

Finance & Accounting Department

3.0

• posted on 18 Nov 2024

3.0

for Salary and Benefits

Likes

Work culture Some say that the work culture is good and that the company is people friendly.

Skill development - Good

Dislikes

Salary: Some say that the salary is low compared to the job description Growth: Some say that there is slow growth for existing employees Work-life balance: Some say that the work-life balance is unstable Management: Some say that there is too much hierarchical management

Promotions - Poor

Deputy Manager in Bangalore / Bengaluru

Full Time

Research & Development Department

4.0

• posted on 28 Dec 2023

3.0

for Salary and Benefits

Likes

1. No organisational hierarchy barrier. 2. Top management and seniors are easily approachable.

Skill development - Good

+3 more

Dislikes

1. Salary is lower compared to the work load and the top-notch job employees are doing. 2. Work-life balance is compromised many a times.

Deputy Manager in Mumbai

Full Time

Project & Program Management Department

5.0

• posted on 15 May 2023

5.0

for Salary and Benefits

Likes

Alternate Saturday off .....good work culture

Salary - Excellent

+5 more

Dislikes

... are need to more fair Need to start pick and drop facility for employees.... Need to add Sodexo cupouns as salary entity for tax benifit

Deputy Manager in Pune

Full Time

Research & Development Department

2.0

• posted on 12 Mar 2023

1.0

for Salary and Benefits

Likes

You have decision making power which helps in gaining experience hands-on.

Job security - Good

Dislikes

Work life balance, appraisal, salary benefits are in no way linked to your performance. It's all driven by internal politics. Never trust any promise made by senior management or HR department at Mahindra. 0% reliability.

Salary - Bad

+5 more

Deputy Manager in Pune

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 04 Oct 2018

3.0

for Salary and Benefits

Likes

Work Life Balance is good. Management keeps an eye on your learning needs. You are free to do innovation on your work area.

Skill development - Good

+1 more

Dislikes

Salary structure is very poor. Growth is very less compared to other automobile manufacturers.

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Mahindra & Mahindra Insurance Executive Salary FAQs

What is the salary of Insurance Executive at Mahindra & Mahindra ?

The average salary of a Insurance Executive at Mahindra & Mahindra in India typically ranges from ₹1.2 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Insurance Executive at Mahindra & Mahindra earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Insurance Executive Salaries at Mahindra & Mahindra 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 Mahindra & Mahindra employees in India.

What is the estimated take home salary of a Insurance Executive at Mahindra & Mahindra in India?

The estimated take-home salary of a Insurance Executive at Mahindra & Mahindra in India typically ranges from ₹14,281 to ₹15,786 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 1 year to 4 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 Mahindra & Mahindra. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra & Mahindra for Insurance Executive in India?

Toyota	₹1.8 Lakhs to ₹3.5 Lakhs per year
Hyundai Motor India Limited	₹1.3 Lakhs to ₹3.1 Lakhs per year
Hero MotoCorp	₹1.0 Lakhs to ₹2.6 Lakhs per year
General Motors	₹1.5 Lakhs to ₹3.1 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra & Mahindra, depending on the role and experience level.

What is the salary of a Insurance Executive in companies similar to Mahindra & Mahindra in India?

The salary of a Insurance Executive at companies similar to Mahindra & Mahindra in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata Motors	₹1.0 Lakhs to ₹2.6 Lakhs per year
Maruti Suzuki	₹1.0 Lakhs to ₹3.0 Lakhs per year
Harsha Toyota	₹1.3 Lakhs to ₹2.4 Lakhs per year
Ford Motor	₹1.5 Lakhs to ₹3.6 Lakhs per year
Honda	₹1.6 Lakhs to ₹2.4 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 Insurance Executive at Mahindra & Mahindra in India?

The salary growth for a Insurance Executive at Mahindra & Mahindra depends on factors such as experience, performance, and promotions. On average, a Insurance Executive can expect the following growth trajectory at Mahindra & Mahindra:

Experience	Average Salary Range
1 year	₹0.9 Lakhs to ₹4.5 Lakhs per year
2 years	₹0.9 Lakhs to ₹4.5 Lakhs per year
3 years	₹2.0 Lakhs to ₹3.8 Lakhs per year
4 years	₹1.2 Lakhs to ₹3.7 Lakhs per year

and so on.

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Mahindra & Mahindra Insurance Executive Salaries

Mahindra & Mahindra Insurance Executive salary in India ranges between ₹1.2 Lakh to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Mahindra & Mahindra latest salaries received from various employees of Mahindra & Mahindra.

Mahindra & Mahindra Insurance Executive salaries in India

Companies similar to Mahindra & Mahindra for Insurance Executive

Latest annual salaries shared by Mahindra & Mahindra Insurance Executive

Experience wise Mahindra & Mahindra Insurance Executive salaries

Similar Designation salaries in Mahindra & Mahindra

Salary related reviews for Mahindra & Mahindra

Senior Associate in Lucknow

Deputy Manager in Bangalore / Bengaluru

Deputy Manager in Mumbai

Deputy Manager in Pune

Deputy Manager in Pune

Mahindra & Mahindra Insurance Executive Salary FAQs

Tell us how to improve this page.