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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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Annual salary range
4 - 14 years exp.
₹4.4
Lakhs - ₹8.5
Lakhs
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detailed salary insights 
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary54% 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 |
Login to view exact salary
| |
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 |
Companies similar to Mahindra Insurance Brokers for Associate Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 ICICI Lombard General Insurance Company Associate Manager Salary
2 - 14 years exp. (61 salaries) | ₹5.8 L/yr - ₹12.1 L/yr 
23%
more | |
 Bajaj Allianz General Insurance Associate Manager Salary
1 - 9 years exp. (5 salaries) | ₹3.6 L/yr - ₹6.2 L/yr 
25%
less | |
Login to view exact salary
| ||
 HDFC Ergo General Insurance Associate Manager Salary
1 - 12 years exp. (49 salaries) | ₹2.7 L/yr - ₹8.5 L/yr
26%
less | |
 Reliance General Insurance Associate Manager Salary
1 - 8 years exp. (44 salaries) | ₹3 L/yr - ₹6.3 L/yr
44%
less | |
 Tata AIG Associate Manager Salary
0 - 10 years exp. (3 salaries) | ₹2.8 L/yr - ₹7 L/yr
36%
less | |
 Star Health & Allied Insurance Associate Manager Salary
1 - 5 years exp. (3 salaries) | ₹2.4 L/yr - ₹7.8 L/yr
18%
less | |
 Niva Bupa Health Insurance Company Associate Manager Salary
0 - 8 years exp. (4 salaries) | ₹2.7 L/yr - ₹5.8 L/yr
38%
less | |
 Digit Insurance Associate Manager Salary
1 - 11 years exp. (226 salaries) | ₹5 L/yr - ₹15 L/yr
42%
more | 3 job openings |
 Bharti AXA Life Insurance Associate Manager Salary
1 - 10 years exp. (103 salaries) | ₹4.7 L/yr - ₹13 L/yr
24%
more | |
 Principal Global Services Associate Manager Salary
11 - 17 years exp. (34 salaries) | ₹12.3 L/yr - ₹23.5 L/yr
186%
more | |
 Aditya Birla Health Insurance Co Associate Manager Salary
0 - 8 years exp. (11 salaries) | ₹3 L/yr - ₹5.8 L/yr
39%
less | |
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| ||
 MetLife Associate Manager Salary
8 - 11 years exp. (7 salaries) | ₹13 L/yr - ₹33 L/yr
298%
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 | |
 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 | |
 Edelweiss Life Insurance Associate Manager Salary
1 - 7 years exp. (4 salaries) | ₹12 L/yr - ₹16 L/yr
96%
more | |
 Cholamandalam MS General Insurance Associate Manager Salary
0 - 5 years exp. (3 salaries) | ₹2 L/yr - ₹3.4 L/yr
60%
less | |
 Axa XL Associate Manager Salary
8 - 16 years exp. (3 salaries) | ₹11 L/yr - ₹13.1 L/yr
78%
more | |
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
8
years
exp.
5mo ago
9
years
exp.
5mo ago
12
years
exp.
1y ago
4
years
exp.
1y ago
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
|
Login to view exact salary
| |
| 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
|
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2w (edited)
a social media specialist
Salary Expectations
I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards.
I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high.
What should be the ideal salary expectation for someone with my experience in the current market?
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Mahindra Insurance Brokers Associate Manager Salary FAQs
What is the salary of Associate Manager at Mahindra Insurance Brokers?
Associate Manager salary at Mahindra Insurance Brokers in India ranges between ₹4.4 Lakhs to ₹8.5 Lakhs for experience between 4 years to 14 years. According to our estimates it is 54% less than the average Associate Manager Salary in India. Salary estimates are based on 40 latest salaries received from various employees of Mahindra Insurance Brokers India.
How does the salary of a Associate Manager at Mahindra Insurance Brokers India compare with the average salary range for this job?
The average salary of a Associate Manager at Mahindra Insurance Brokers is 54% less than the average salary of a Associate Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than Mahindra Insurance Brokers to a Associate Manager in India?
- MetLife Associate Manager Salary - ₹13.0 Lakhs to ₹33.0 Lakhs per year
- Principal Global Services Associate Manager Salary - ₹12.3 Lakhs to ₹23.5 Lakhs per year
- Swiss Re Associate Manager Salary - ₹15.4 Lakhs to ₹20.0 Lakhs per year
- Edelweiss Life Insurance Associate Manager Salary - ₹12.0 Lakhs to ₹16.0 Lakhs per year
- Axa XL Associate Manager Salary - ₹11.0 Lakhs to ₹13.1 Lakhs per year
What is the salary of a Associate Manager in companies similar to Mahindra Insurance Brokers in India?
- Digit Insurance Associate Manager Salary - ₹5.0 Lakhs to ₹15.0 Lakhs per year
- Medi Assist India Associate Manager Salary - ₹4.6 Lakhs to ₹23.0 Lakhs per year
- Bharti AXA Life Insurance Associate Manager Salary - ₹4.7 Lakhs to ₹13.0 Lakhs per year
- ICICI Lombard General Insurance Company Associate Manager Salary - ₹5.8 Lakhs to ₹12.1 Lakhs per year
- Star Health & Allied Insurance Associate Manager Salary - ₹2.4 Lakhs to ₹7.8 Lakhs per year
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 ranges between ₹52,303 per month to ₹53,602 per month in India. The take-home salary calculation is based on the average Mahindra Insurance Brokers Associate Manager salary in India which ranges between ₹4.4 Lakhs to ₹8.5 Lakhs per year for employees with experience between 4 years to 14 years. Check how did we calculate take home salary?
What is the notice period for Associate Manager at Mahindra Insurance Brokers?
According to AmbitionBox, 78% of the Mahindra Insurance Brokers Associate Managers reported a notice period of 1 Month, 22% reported a notice period of 15 days or less.This is based on 18 responses on AmbitionBox in last 2 years.
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Mahindra Insurance Brokers Associate Manager Salaries by Location
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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.