Mahindra Insurance Brokers Mumbai Associate Manager Salaries by 20+ Employees (Updated 2025)

4 - 14 years exp.

₹4.4 Lakhs - ₹7.7 Lakhs

Salary of majority employees

60% less than the average Associate Manager Salary in Insurance Companies for 4 - 14 years of experience

Interested in this particular role?

Salaries in different departments

Customer Success, Service & Operations Associate Manager Salary 8 - 14 years exp. (8 salaries)	₹5.5 L/yr - ₹7.7 L/yr
BFSI, Investments & Trading Associate Manager Salary 8 - 10 years exp. (7 salaries)	₹4.4 L/yr - ₹7.3 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
Finance & Accounting Associate Manager Salary 4 - 10 years exp. (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.4 L/yr
Sales & Business Development Associate Manager Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹6.8 L/yr - ₹7.4 L/yr

Last Updated: 31 Jul 2024

Companies similar to Mahindra Insurance Brokers for Associate Manager in Mumbai

Mahindra Insurance Brokers Associate Manager Salary

4 - 14 years exp. (27 salaries)

₹4.4 L/yr - ₹7.7 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Associate Manager Salary 2 - 12 years exp. (18 salaries)	₹6.1 L/yr - ₹10 L/yr 23% more
HDFC Ergo General Insurance Associate Manager Salary 2 - 10 years exp. (5 salaries)	₹3 L/yr - ₹5.7 L/yr 26% less
Login to view exact salary
Reliance General Insurance Associate Manager Salary 1 - 8 years exp. (14 salaries)	₹3 L/yr - ₹4.3 L/yr 43% less
Bharti AXA Life Insurance Associate Manager Salary 1 - 12 years exp. (78 salaries)	₹4.9 L/yr - ₹11.6 L/yr 21% more
Digit Insurance Associate Manager Salary 0 - 10 years exp. (24 salaries)	₹6 L/yr - ₹13.4 L/yr 49% more	2 job openings
Edelweiss Life Insurance Associate Manager Salary 1 - 8 years exp. (4 salaries)	₹12 L/yr - ₹16 L/yr 112% more

Associate Manager salary at Mahindra Insurance Brokers ranges between ₹4.4 Lakhs to ₹7.7 Lakhs per year for employees with experience between 4 years to 14 years. Salary estimates are based on 27 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Associate Manager salaries in Mumbai

Last Updated: 31 Jul 2024

Experience	Avg Annual Salary
4 years (4 salaries)	₹7 L/yr - ₹7.4 L/yr
5 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹12.6 L/yr
Login to view exact salary
6 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹8 L/yr
7 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹7 L/yr
8 years (4 salaries)	₹4.3 L/yr - ₹12.2 L/yr
9 years (3 salaries)	₹4.8 L/yr - ₹12.1 L/yr
10 years (4 salaries)	₹4.6 L/yr - ₹7.3 L/yr
11 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹11.9 L/yr
12 years (4 salaries)	₹5 L/yr - ₹7.7 L/yr
13 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹11.6 L/yr
14 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹7 L/yr

View all

Similar Designation salaries in Mahindra Insurance Brokers

Deputy Manager Salary

(23 salaries)

₹4.5 L/yr - ₹10 L/yr

Customer Care Executive Salary

(5 salaries)

₹1.5 L/yr - ₹2.2 L/yr

Senior Customer Relation Executive Salary

(5 salaries)

₹2.15 L/yr - ₹3 L/yr

Sales Executive Salary

(3 salaries)

₹1.8 L/yr - ₹4.2 L/yr

Deputy General Manager Salary

(3 salaries)

₹33.8 L/yr - ₹38.5 L/yr

Management Trainee Salary

(3 salaries)

₹14 L/yr - ₹15 L/yr

Salary related reviews for Mahindra Insurance Brokers

2.1

Rated by 4 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

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

Got a question about Mahindra Insurance Brokers?

Ask anonymously on communities.

Mahindra Insurance Brokers Associate Manager Salary FAQs

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

Associate Manager salary at Mahindra Insurance Brokers in Mumbai ranges between ₹4.4 Lakhs to ₹7.7 Lakhs for experience between 4 years to 14 years. According to our estimates it is 60% less than the average Associate Manager Salary in India. Salary estimates are based on 27 latest salaries received from various employees of Mahindra Insurance Brokers Mumbai.

How does the salary of a Associate Manager at Mahindra Insurance Brokers Mumbai compare with the average salary range for this job?

The average salary of a Associate Manager at Mahindra Insurance Brokers is 60% less than the average salary of a Associate Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra Insurance Brokers to a Associate Manager in Mumbai?

Edelweiss Life Insurance Associate Manager Salary - ₹12.0 Lakhs to ₹16.0 Lakhs per year
Digit Insurance Associate Manager Salary - ₹6.0 Lakhs to ₹13.4 Lakhs per year
ICICI Lombard General Insurance Company Associate Manager Salary - ₹6.1 Lakhs to ₹10.0 Lakhs per year
Bharti AXA Life Insurance Associate Manager Salary - ₹4.9 Lakhs to ₹11.6 Lakhs per year

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

HDFC Ergo General Insurance Associate Manager Salary - ₹3.0 Lakhs to ₹5.7 Lakhs per year
Reliance General Insurance Associate Manager Salary - ₹3.0 Lakhs to ₹4.3 Lakhs per year

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

The estimated take-home salary of a Associate Manager at Mahindra Insurance Brokers ranges between ₹51,496 per month to ₹52,710 per month in Mumbai. 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 ₹7.7 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 in Mumbai?

According to AmbitionBox, 70% of the Mahindra Insurance Brokers Associate Managers in Mumbai reported a notice period of 1 Month, 30% reported a notice period of 15 days or less.This is based on 10 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
Mahindra Insurance Brokers Salaries >
Mahindra Insurance Brokers Associate Manager Salaries >
Mahindra Insurance Brokers Associate Manager Salaries in Mumbai

Mahindra Insurance Brokers Associate Manager salary in Mumbai ranges between ₹4.4 Lakhs to ₹7.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 27 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.