Mahindra Insurance Brokers Nellore Area Manager Salaries by 3 Employees

8 - 13 years exp.

₹4.8 Lakhs - ₹6 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

36% less than the average Area Manager Salary in Insurance Companies for 8 - 13 years of experience

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Last Updated: 2 May 2024

Companies similar to Mahindra Insurance Brokers for Area Manager in Nellore

Mahindra Insurance Brokers Area Manager Salary

8 - 13 years exp. (3 salaries)

₹4.8 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
ElasticRun Area Manager Salary 5 - 14 years exp. (4 salaries)	₹3.1 L/yr - ₹8 L/yr 38% more
HDFC Sales Area Manager Salary 8 - 10 years exp. (3 salaries)	₹6 L/yr - ₹8.5 L/yr 47% more
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Vijaya Diagnostic Centre Area Manager Salary 6 - 10 years exp. (3 salaries)	₹5.3 L/yr - ₹6.8 L/yr 11% more
Apc Nutrients Area Manager Salary 17 - 20 years exp. (3 salaries)	₹5.3 L/yr - ₹6.1 L/yr 4% more
Namma veedu Vasanta Bhavan Area Manager Salary 3 - 8 years exp. (3 salaries)	₹3.3 L/yr - ₹3.6 L/yr 35% less

Area Manager salary at Mahindra Insurance Brokers ranges between ₹4.8 Lakhs to ₹6 Lakhs per year for employees with experience between 8 years to 13 years. Salary estimates are based on 3 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Area Manager salaries in Nellore

Last Updated: 2 May 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
9 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
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10 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.2 L/yr
11 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
12 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
13 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr

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Top skills at Mahindra Insurance Brokers for Area Manager

Area Sales Management Retail Sales Management

Salary related reviews for Mahindra Insurance Brokers

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

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

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Senior Territory Manager in Coimbatore

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... 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

Salary - Bad

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Senior Business Development Executive in Bhubaneswar

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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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Dislikes

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

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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 Insurance Brokers Area Manager Salary FAQs

How the salary growth look like for a Area Manager at Mahindra Insurance Brokers in Nellore?

The salary growth for a Area Manager at Mahindra Insurance Brokers in Nellore depends on factors such as experience, performance, and promotions. On average, a Area Manager in Nellore can expect the following growth trajectory at Mahindra Insurance Brokers:

Experience	Average Salary Range
8 years	₹4.7 Lakhs to ₹6.0 Lakhs per year
9 years	₹4.8 Lakhs to ₹6.1 Lakhs per year
10 years	₹4.8 Lakhs to ₹6.2 Lakhs per year
11 years	₹4.9 Lakhs to ₹6.2 Lakhs per year

and so on.

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Mahindra Insurance Brokers Area Manager Salaries in Nellore

Mahindra Insurance Brokers Area Manager salary in Nellore ranges between ₹4.8 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.