Mahindra Insurance Brokers Associate Manager Salaries by 40+ Employees

4 - 14 years exp.

₹4.4 Lakhs - ₹8.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Monthly In-hand Salary

55% less than the average Associate Manager Salary in Insurance Companies for 4 - 14 years of experience

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Salaries in different departments

Customer Success, Service & Operations Associate Manager Salary 7 - 14 years exp. (12 salaries)	₹4.5 L/yr - ₹8.5 L/yr
BFSI, Investments & Trading Associate Manager Salary 4 - 10 years exp. (11 salaries)	₹4.4 L/yr - ₹7.8 L/yr
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Human Resources Associate Manager Salary 4 - 5 years exp. (3 salaries)	₹5.2 L/yr - ₹7 L/yr
Sales & Business Development Associate Manager Salary 7 - 8 years exp. (3 salaries)	₹6.8 L/yr - ₹7.5 L/yr
Finance & Accounting Associate Manager Salary 4 - 10 years exp. (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.4 L/yr

Last Updated: 12 Dec 2024

Companies similar to Mahindra Insurance Brokers for Associate Manager

Company name	Avg Annual Salary	Open Jobs
Bharti AXA Life Insurance Associate Manager Salary 1 - 13 years exp. (125 salaries)	₹4.5 L/yr - ₹15 L/yr 20% more
Principal Global Services Associate Manager Salary 11 - 17 years exp. (34 salaries)	₹12.3 L/yr - ₹23.5 L/yr 184% more
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Aditya Birla Health Insurance Co Associate Manager Salary 0 - 8 years exp. (11 salaries)	₹3 L/yr - ₹5.8 L/yr 39% less
MetLife Associate Manager Salary 8 - 11 years exp. (8 salaries)	₹13 L/yr - ₹34 L/yr 314% more
ManipalCigna Health Insurance Associate Manager Salary 2 - 6 years exp. (7 salaries)	₹2.3 L/yr - ₹3.5 L/yr 59% less
Swiss Re Associate Manager Salary 5 - 8 years exp. (5 salaries)	₹15.4 L/yr - ₹20 L/yr 156% more
Edelweiss Life Insurance Associate Manager Salary 1 - 7 years exp. (5 salaries)	₹13 L/yr - ₹18 L/yr 134% more
Cholamandalam MS General Insurance Associate Manager Salary 0 - 5 years exp. (4 salaries)	₹2 L/yr - ₹3.4 L/yr 60% less
Future Generali India Life Insurance Associate Manager Salary 1 - 14 years exp. (4 salaries)	₹3 L/yr - ₹6.8 L/yr 24% less
Pramerica Life Insurance Associate Manager Salary 2 - 5 years exp. (4 salaries)	₹2.2 L/yr - ₹2.6 L/yr 63% less
Medi Assist India Associate Manager Salary 6 - 15 years exp. (4 salaries)	₹4.6 L/yr - ₹23 L/yr 40% more
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Axa XL Associate Manager Salary 8 - 16 years exp. (3 salaries)	₹11 L/yr - ₹13.1 L/yr 78% more	3 job openings
Liberty General Insurance Associate Manager Salary 0 - 5 years exp. (3 salaries)	₹2 L/yr - ₹2.6 L/yr 68% less

Associate Manager salary at Mahindra Insurance Brokers ranges between ₹4.4 Lakhs to ₹8.5 Lakhs per year for employees with experience between 4 years to 14 years. Salary estimates are based on 40 latest salaries received from various employees of Mahindra Insurance Brokers.

Latest annual salaries shared by Mahindra Insurance Brokers Associate Manager

1mo ago

₹7.5 Lakhs

8 years exp.

5mo ago

₹8.5 Lakhs

9 years exp.

5mo ago

₹5.5 Lakhs

12 years exp.

1y ago

₹8.5 Lakhs

4 years exp.

1y ago

₹6.2 Lakhs

10 years exp.

1y ago

11 years exp.

1y ago

4 years exp.

1y ago

5 years exp.

1y ago

12 years exp.

1y ago

4 years exp.

Experience wise Mahindra Insurance Brokers Associate Manager salaries

Last Updated: 12 Dec 2024

Experience	Avg Annual Salary
4 years (7 salaries)	₹5.4 L/yr - ₹8.5 L/yr
5 years (4 salaries)	₹5.2 L/yr - ₹13.1 L/yr
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6 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹7.2 L/yr
7 years (4 salaries)	₹4.5 L/yr - ₹7.8 L/yr
8 years (6 salaries)	₹4.3 L/yr - ₹7.8 L/yr
9 years (4 salaries)	₹4.8 L/yr - ₹8.5 L/yr
10 years (6 salaries)	₹4.6 L/yr - ₹7.3 L/yr
11 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹12.3 L/yr
12 years (4 salaries)	₹5 L/yr - ₹7.7 L/yr
13 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹12.1 L/yr
14 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7 L/yr

View all

Similar Designation salaries in Mahindra Insurance Brokers

Project Manager Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Team Lead Salary

(4 salaries)

₹8.5 L/yr - ₹11.4 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Salary related reviews for Mahindra Insurance Brokers

2.5

Rated by 8 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.

Dislikes

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

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.

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.

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.

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

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.

Skill development - Good

+4 more

Dislikes

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

see more salary related reviews

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Top trending discussions

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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 Associate Manager Salary FAQs

What is the salary of Associate Manager at Mahindra Insurance Brokers ?

The average salary of a Associate Manager at Mahindra Insurance Brokers in India typically ranges from ₹4.4 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 4 years to 14 years).

The top 10% of Associate Manager at Mahindra Insurance Brokers earn more than ₹7.8 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Associate 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.

What is the estimated take home salary of a Associate Manager at Mahindra Insurance Brokers in India?

The estimated take-home salary of a Associate Manager at Mahindra Insurance Brokers in India typically ranges from ₹52,303 to ₹53,602 per month. This is based on the average salary range of ₹4.4 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 4 years to 14 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 40+ salaries received from various employees of Mahindra Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra Insurance Brokers for Associate Manager in India?

MetLife	₹13.0 Lakhs to ₹34.0 Lakhs per year
Principal Global Services	₹12.3 Lakhs to ₹23.5 Lakhs per year
Swiss Re	₹15.4 Lakhs to ₹20.0 Lakhs per year
Edelweiss Life Insurance	₹13.0 Lakhs to ₹18.0 Lakhs per year
Axa XL	₹11.0 Lakhs to ₹13.1 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.

What is the salary of a Associate Manager in companies similar to Mahindra Insurance Brokers in India?

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

Medi Assist India	₹4.6 Lakhs to ₹23.0 Lakhs per year
Bharti AXA Life Insurance	₹4.5 Lakhs to ₹15.0 Lakhs per year
Future Generali India Life Insurance	₹3.0 Lakhs to ₹6.8 Lakhs per year
Aditya Birla Health Insurance Co	₹3.0 Lakhs to ₹5.8 Lakhs per year
ManipalCigna Health Insurance	₹2.3 Lakhs to ₹3.5 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.

How the salary growth look like for a Associate Manager at Mahindra Insurance Brokers in India?

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

Experience	Average Salary Range
4 years	₹5.4 Lakhs to ₹8.5 Lakhs per year
5 years	₹5.2 Lakhs to ₹13.1 Lakhs per year
6 years	₹2.9 Lakhs to ₹7.2 Lakhs per year
7 years	₹4.5 Lakhs to ₹7.8 Lakhs per year

and so on.

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Mahindra Insurance Brokers Associate Manager Salaries

Mahindra Insurance Brokers Associate Manager salary in India ranges between ₹4.4 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 40 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.