Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary44% less than the average Area Manager Salary in Insurance Companies for 6 - 14 years of experience
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Salaries in different departments
BFSI, Investments & Trading
Area Manager Salary
6 - 14
years
exp.
(17
salaries)
|  ₹3.4 L/yr - ₹8.5 L/yr |
Sales & Business Development
Area Manager Salary
7 - 14
years
exp.
(11
salaries)
| ₹3.5 L/yr - ₹8.3 L/yr |
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| |
Marketing & Communication
Area Manager Salary
6 - 10
years
exp.
(AmbitionBox Estimate)
| ₹3 L/yr - ₹5.4 L/yr |
Companies similar to Mahindra Insurance Brokers for Area Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Cholamandalam MS General Insurance Area Manager Salary
8 - 17 years exp. (117 salaries) | ₹4.5 L/yr - ₹16.5 L/yr 
73%
more | |
 Future Generali India Life Insurance Area Manager Salary
13 - 19 years exp. (43 salaries) | ₹10.5 L/yr - ₹20 L/yr
186%
more | 2 job openings |
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| ||
 Bharti AXA Life Insurance Area Manager Salary
6 - 19 years exp. (38 salaries) | ₹6.1 L/yr - ₹16.5 L/yr
93%
more | |
 Aviva Life Insurance India Area Manager Salary
7 - 20 years exp. (35 salaries) | ₹7 L/yr - ₹14 L/yr
104%
more | |
 Aditya Birla Health Insurance Co Area Manager Salary
7 - 18 years exp. (31 salaries) | ₹4.5 L/yr - ₹16.5 L/yr
90%
more | |
 ManipalCigna Health Insurance Area Manager Salary
13 - 19 years exp. (24 salaries) | ₹6 L/yr - ₹15 L/yr
90%
more | |
 Shriram General Insurance Area Manager Salary
12 - 20 years exp. (26 salaries) | ₹8.3 L/yr - ₹15 L/yr
107%
more | |
 Liberty General Insurance Area Manager Salary
9 - 20 years exp. (24 salaries) | ₹12.4 L/yr - ₹18.4 L/yr
176%
more | |
 Edelweiss Life Insurance Area Manager Salary
12 - 20 years exp. (16 salaries) | ₹10 L/yr - ₹16.7 L/yr
163%
more | |
 IndiaFirst Life Insurance Area Manager Salary
13 - 17 years exp. (8 salaries) | ₹9 L/yr - ₹16 L/yr
127%
more | |
 Royal Sundaram General Insurance Area Manager Salary
11 - 19 years exp. (7 salaries) | ₹9 L/yr - ₹18.5 L/yr
106%
more | |
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| ||
 Ageas Federal Life Insurance Area Manager Salary
15 - 19 years exp. (5 salaries) | ₹16.3 L/yr - ₹21 L/yr
251%
more | |
 CignaTTk Health Insurance Area Manager Salary
7 - 14 years exp. (5 salaries) | ₹8.6 L/yr - ₹10.5 L/yr
84%
more | |
 Magma HDI General Insurance Area Manager Salary
5 - 10 years exp. (5 salaries) | ₹8.8 L/yr - ₹16.3 L/yr
149%
more | |
 Bajaj Capital Insurance Area Manager Salary
5 - 13 years exp. (5 salaries) | ₹4 L/yr - ₹6.2 L/yr 
1%
less | |
 Aegon Life Insurance Area Manager Salary
11 - 19 years exp. (4 salaries) | ₹12 L/yr - ₹14 L/yr
142%
more | |
 Pramerica Life Insurance Area Manager Salary
14 - 20 years exp. (4 salaries) | ₹9 L/yr - ₹13.1 L/yr
110%
more | |
 Universal Sompo General Insurance Area Manager Salary
8 - 10 years exp. (4 salaries) | ₹4.9 L/yr - ₹6.8 L/yr
2%
more | |
 Allianz Partners Area Manager Salary
8 - 11 years exp. (3 salaries) | ₹5.3 L/yr - ₹8 L/yr
26%
more | |
Latest annual salaries shared by Mahindra Insurance Brokers Area Manager
Experience wise Mahindra Insurance Brokers Area Manager salaries
Last Updated: 12 Mar 2025
| Experience | Avg Annual Salary |
|---|---|
| 6 years (6 salaries) |
₹3
L/yr
- ₹6
L/yr
|
| 7 years (4 salaries) |
₹4.3
L/yr
- ₹7.9
L/yr
|
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| |
| 8 years (6 salaries) |
₹3.8
L/yr
- ₹6
L/yr
|
| 9 years (7 salaries) |
₹3.8
L/yr
- ₹8.3
L/yr
|
| 10 years (5 salaries) |
₹3.5
L/yr
- ₹8.5
L/yr
|
Similar Designation salaries in Mahindra Insurance Brokers
Top skills at Mahindra Insurance Brokers for Area Manager
Salary related reviews for Mahindra Insurance Brokers
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Mahindra Insurance Brokers Area Manager Salary FAQs
The top 10% of Area Manager at Mahindra Insurance Brokers earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Area Manager 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 estimates are based on salary data submitted by 40+ Mahindra Insurance Brokers employees in India.
- - Area Sales Management
- - Retail Sales Management
These skills are highly valued at Mahindra Insurance Brokers and are crucial for successful performance in a Software Engineering role.
| Ageas Federal Life Insurance | ₹16.3 Lakhs to ₹21.0 Lakhs per year |
| Future Generali India Life Insurance | ₹10.5 Lakhs to ₹20.0 Lakhs per year |
| Liberty General Insurance | ₹12.4 Lakhs to ₹18.4 Lakhs per year |
| Edelweiss Life Insurance | ₹10.0 Lakhs to ₹16.7 Lakhs per year |
| Magma HDI General Insurance | ₹8.8 Lakhs to ₹16.3 Lakhs per year |
These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Insurance Brokers, depending on the role and experience level.
| Aegon Life Insurance | ₹12.0 Lakhs to ₹14.0 Lakhs per year |
| IndiaFirst Life Insurance | ₹9.0 Lakhs to ₹16.0 Lakhs per year |
| Pramerica Life Insurance | ₹9.0 Lakhs to ₹13.1 Lakhs per year |
| Shriram General Insurance | ₹8.3 Lakhs to ₹15.0 Lakhs per year |
| Royal Sundaram General Insurance | ₹9.0 Lakhs to ₹18.5 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.
| Experience | Average Salary Range |
|---|---|
| 6 years | ₹3.0 Lakhs to ₹6.0 Lakhs per year |
| 7 years | ₹4.3 Lakhs to ₹7.9 Lakhs per year |
| 8 years | ₹3.8 Lakhs to ₹6.0 Lakhs per year |
| 9 years | ₹3.8 Lakhs to ₹8.3 Lakhs per year |
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Mahindra Insurance Brokers Area Manager Salaries by Location
- Mahindra Insurance Brokers Area Manager salaries in Kozhikode
- Mahindra Insurance Brokers Area Manager salaries in Muzaffarpur
- Mahindra Insurance Brokers Area Manager salaries in Dhanbad
- Mahindra Insurance Brokers Area Manager salaries in Patna
- Mahindra Insurance Brokers Area Manager salaries in Chandigarh
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Mahindra Insurance Brokers Area Manager salary
in
India
ranges between ₹3
Lakhs to ₹8.5
Lakhs with an average annual salary of
₹. Salary estimates are based on
45
Mahindra Insurance Brokers latest salaries received from various employees of
Mahindra Insurance Brokers.