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Mahindra Insurance Brokers

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3.3

based on 287 Reviews

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Mahindra Insurance Brokers Salaries in India (Updated 2025)

based on 1.1k latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading Sales & Business Development Customer Success, Service & Operations Marketing & Communication + 6 more
Designation Avg Annual Salary Open Jobs

Business Development Executive

0 - 7 years exp. (45 salaries)
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₹2 L/yr - ₹3.4 L/yr

Area Manager

6 - 14 years exp. (45 salaries)
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₹3 L/yr - ₹8.5 L/yr

Deputy Manager

5 - 14 years exp. (38 salaries)
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₹3.3 L/yr - ₹10 L/yr

Territory Manager

2 - 13 years exp. (35 salaries)
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₹2.4 L/yr - ₹4.8 L/yr

Starting your career? Discover Mahindra Insurance Brokers fresher salaries in India

Customer Relation Executive

0 - 4 years exp. (27 salaries)
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₹1.2 L/yr - ₹2.2 L/yr

Branch Manager

5 - 14 years exp. (24 salaries)
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₹4.2 L/yr - ₹6.5 L/yr

Senior Business Development Executive

1 - 9 years exp. (21 salaries)
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₹2.1 L/yr - ₹5.4 L/yr

Senior Customer Relation Executive

2 - 7 years exp. (16 salaries)
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₹1.5 L/yr - ₹3 L/yr

Cluster Manager

12 - 18 years exp. (15 salaries)
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₹8.6 L/yr - ₹14.5 L/yr

Deputy Area Manager

2 - 7 years exp. (14 salaries)
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₹2.4 L/yr - ₹4.5 L/yr

Process Support Officer

1 - 9 years exp. (13 salaries)
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₹1.8 L/yr - ₹4.7 L/yr

Senior Territory Manager

5 - 13 years exp. (12 salaries)
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₹3.8 L/yr - ₹8.5 L/yr

Management Trainee

0 - 1 year exp. (12 salaries)
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₹14 L/yr - ₹15 L/yr

Deputy Territory Manager

4 - 9 years exp. (10 salaries)
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₹2.5 L/yr - ₹3.9 L/yr

Team Coach

2 - 8 years exp. (10 salaries)
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₹1.4 L/yr - ₹4 L/yr

Senior Area Manager

13 - 18 years exp. (10 salaries)
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₹7.2 L/yr - ₹16.8 L/yr

Deputy Associate Manager

2 - 12 years exp. (10 salaries)
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₹5.1 L/yr - ₹10.2 L/yr

Deputy Cluster Manager

6 - 17 years exp. (8 salaries)
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₹7.5 L/yr - ₹9 L/yr

Marketing Manager

11 - 13 years exp. (7 salaries)
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₹12 L/yr - ₹17.5 L/yr

Sales Executive

3 - 6 years exp. (6 salaries)
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₹1.4 L/yr - ₹4.2 L/yr

Last Updated: 5 Mar, 2025

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more
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Salary related reviews for Mahindra Insurance Brokers

3.2

Rated by 287 employees for salary & benefits

Area Manager in Hyderabad / Secunderabad

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 15 Jan 2025
2.0
 for  Salary and Benefits

Likes

Mid level managers are not supported to grow ground team in terms appraisal promotions to management,work balance also not manageable.

read more

Dislikes

Salary hike not up to the mark if achieve annual target 100% and more than ,variables policy announced very late after completing 100%

read more
  • Salary - Poor
    • +2 more

Senior Application Support Engineer in Mumbai

Full Time

 · 

IT & Information Security Department

4.0
  •  posted on 28 Jul 2023
4.0
 for  Salary and Benefits

Likes

Activity going on weekend (every Friday) Supporting people and management. Good environment to work Birthday celebration all together with team.

read more
  • Salary - Good
    • +4 more

Dislikes

...mething new or promotion is not good in our field As per my personal experience. Salary hike appraisal delayed this year. Work load is not managed properly.

read more

Deputy Area Manager in Hazaribag

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 25 Jun 2022
5.0
 for  Salary and Benefits

Likes

...ve teammates are supportive. Management is transparent ,company policy are good.job security, appraisal are fair and they give good salary hike.

read more
  • Salary - Excellent
    • +6 more

Dislikes

Verticalisation ,politics salary is good but career growth is slow,

Senior Territory Manager in Coimbatore

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 29 May 2021
1.0
 for  Salary and Benefits

Likes

... Assist, Wedding Bonus, New born baby gift, Medical assist, Birthday gift etc. Main Part - Salary slab was very worst and no increment, Executives stay 5 + year experience but salary at end they only out for 230000PA and starts with 180000 PA which is terrible and all work for salary that is not get what we work. Incentive was not given proper time as per time line eg: Quarterly plan, they provide incentive after 6months of that quarter and they not provide calculation for that incentive what we received

read more
  • Salary - Bad
    • +6 more

Senior Business Development Executive in Bhubaneswar

BFSI, Investments & Trading Department

4.0
  •  posted on 12 May 2018
3.0
 for  Salary and Benefits

Likes

There is a friendly atmosphere to work here,we have maintain a good work life balance here and the most important thing is we have more job security here.

read more
  • Skill development - Good
    • +4 more

Dislikes

Here the salary and remuneration is not good as compared of other industry.

read more
see more salary related reviews

Mahindra Insurance Brokers interview questions by designations

Area Manager (2)Deputy Manager (1)Branch Manager (1)Area / Territory Manager (1)
View all 8 interview experiences
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More about working at Mahindra Insurance Brokers

Mahindra Insurance Brokers Salary FAQs

How much does Mahindra Insurance Brokers pay per year?
The average Mahindra Insurance Brokers salary ranges from approximately ₹1.2 Lakh to ₹1.8 Lakh per year for a Customer Representative Executive and ₹33.8 Lakhs to ₹38.5 Lakhs per year for a Deputy General Manager. Salary estimates are based on 1.1k Mahindra Insurance Brokers salaries received from various employees of Mahindra Insurance Brokers. Mahindra Insurance Brokers employees rate the overall salary and benefits package 3.2/5 stars.
What is the highest salary in Mahindra Insurance Brokers?
The highest-paying job at Mahindra Insurance Brokers is a Deputy General Manager with a salary of ₹33.8 Lakhs to ₹38.5 Lakhs per year. The top 10% of employees earn more than ₹20 lakhs per year. The top 1% earn more than a whopping ₹41 lakhs per year.
What is the minimum salary in Mahindra Insurance Brokers?
Minimum salary at Mahindra Insurance Brokers depends on the role you are applying for. For Customer Relation Executive the minimum salary is ₹1.2 Lakh to ₹2.2 Lakhs per year, and for Senior Customer Relation Executive the minimum salary is ₹1.5 Lakh to ₹3 Lakhs per year and so on.
What is the salary package for freshers in Mahindra Insurance Brokers?
The average salary at Mahindra Insurance Brokers for freshers is ₹14.5 Lakhs per year for Management Trainee.
What is the notice period at Mahindra Insurance Brokers?
According to AmbitionBox, 46% of the Mahindra Insurance Brokers employees reported a notice period of 1 Month, 20% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 657 responses on AmbitionBox in last 2 years.

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Mahindra Insurance Brokers Salaries by Location

Average annual salary in Mahindra Insurance Brokers is INRunlock blur . Salary estimates are based on 1.1k Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.

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