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Mahindra Insurance Brokers

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3.3

based on 290 Reviews

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Mahindra Insurance Brokers Salaries in India (Updated 2025)

based on 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 - ₹13 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

5 - 17 years exp. (9 salaries)
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₹4.3 L/yr - ₹8.4 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: 23 Mar, 2025

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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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Salary related reviews for Mahindra Insurance Brokers

3.2

Rated by 290 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

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  • 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.

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  • 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)Management Trainee (1)Deputy Manager (1)Branch Manager (1)
View all 8 interview experiences
More about working at Mahindra Insurance Brokers

Mahindra Insurance Brokers Salary FAQs

How much does Mahindra Insurance Brokers pay to its employees?
The average annual salary at Mahindra Insurance Brokers varies depending on the role, experience, and location. The salary ranges for some popular designations at Mahindra Insurance Brokers, are as follows:

Business Development Executive ₹2 Lakhs to ₹3.4 Lakhs per year
Area Manager ₹3 Lakhs to ₹8.5 Lakhs per year
Deputy Manager ₹3.3 Lakhs to ₹10 Lakhs per year
Territory Manager ₹2.4 Lakhs to ₹4.8 Lakhs per year

The highest-paying role, Deputy General Manager, earns between ₹33.8 Lakhs to ₹38.5 Lakhs per year. The top 10% of employees earn more than ₹20 Lakhs per year, and the top 1% earn over ₹41 Lakhs per year. Salaries at Mahindra Insurance Brokers 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 salary estimates are based on data from 1k salaries submitted by Mahindra Insurance Brokers employees. Mahindra Insurance Brokers is rated 3.2 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Mahindra Insurance Brokers in India?
The salary of a fresher at Mahindra Insurance Brokers in India typically ranges from ₹14 Lakhs to ₹15 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Management Trainee Salary ₹14 Lakhs to ₹15 Lakhs per year
Fresher as a Business Development Executive Salary ₹2 Lakhs to ₹4.6 Lakhs per year
Fresher as a Customer Support Executive Salary ₹1.1 Lakhs to ₹1.1 Lakhs per year
Fresher as a Computer Maintenance Engineer Salary ₹1.6 Lakhs to ₹2.1 Lakhs per year

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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 1000+ Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.

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