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Mahindra Insurance Brokers Branch Manager salaries in India

Annual salary range
5 - 14 years exp.
₹3.9 Lakhs - ₹5.8 Lakhs
Salary of majority employees
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44% less than the average Branch Manager Salary in Insurance Companies for 5 - 14 years of experience

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Salaries in different departments

Sales & Business Development
Branch Manager Salary
6 - 14 years exp. (14 salaries)
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₹3.9 L/yr - ₹5.8 L/yr

BFSI, Investments & Trading
Branch Manager Salary
5 - 11 years exp. (4 salaries)
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₹5 L/yr - ₹5.5 L/yr

Marketing & Communication
Branch Manager Salary
6 - 9 years exp. (3 salaries)
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₹5.1 L/yr - ₹5.5 L/yr

Last Updated: 11 Jan 2025

Companies similar to Mahindra Insurance Brokers for Branch Manager

Company name Avg Annual Salary Open Jobs
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₹4.5 L/yr - ₹13 L/yr

arrow icon 76% more
5 job openings
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₹3.8 L/yr - ₹12.5 L/yr

arrow icon 44% more
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₹4.7 L/yr - ₹14.5 L/yr

arrow icon 75% more
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₹5.2 L/yr - ₹16 L/yr

arrow icon 94% more
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Tata AIG Branch Manager Salary

7 - 16 years exp. (67 salaries)

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₹5.9 L/yr - ₹12 L/yr

arrow icon 71% more
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₹10 L/yr - ₹18.5 L/yr

arrow icon 208% more
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₹9 L/yr - ₹20 L/yr

arrow icon 205% more
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₹11 L/yr - ₹15.1 L/yr

arrow icon 129% more
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₹4 L/yr - ₹11.7 L/yr

arrow icon 50% more
1 job opening
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₹6 L/yr - ₹13 L/yr

arrow icon 85% more
2 job openings
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₹2.9 L/yr - ₹8 L/yr

arrow icon 4% more
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Shriram General Insurance Branch Manager Salary

6 - 15 years exp. (170 salaries)

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₹3.2 L/yr - ₹8.5 L/yr

arrow icon 24% more
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₹6 L/yr - ₹12 L/yr

arrow icon 74% more
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₹5 L/yr - ₹16.2 L/yr

arrow icon 76% more
1 job opening
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Bharti AXA Life Insurance Branch Manager Salary

6 - 18 years exp. (83 salaries)

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₹5 L/yr - ₹10.5 L/yr

arrow icon 54% more
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Edelweiss Life Insurance Branch Manager Salary

7 - 15 years exp. (67 salaries)

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₹5.5 L/yr - ₹9 L/yr

arrow icon 37% more
2 job openings
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₹4.8 L/yr - ₹10.5 L/yr

arrow icon 55% more
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₹7 L/yr - ₹15 L/yr

arrow icon 94% more
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Pramerica Life Insurance Branch Manager Salary

6 - 19 years exp. (26 salaries)

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₹5.1 L/yr - ₹11 L/yr

arrow icon 66% more
2 job openings
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₹4.5 L/yr - ₹11 L/yr

arrow icon 55% more
View all
Branch Manager salary at Mahindra Insurance Brokers ranges between ₹3.9 Lakhs to ₹5.8 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 25 latest salaries received from various employees of Mahindra Insurance Brokers.

Latest annual salaries shared by Mahindra Insurance Brokers Branch Manager

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11 years exp.
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Experience wise Mahindra Insurance Brokers Branch Manager salaries

Last Updated: 11 Jan 2025

Experience Avg Annual Salary
5 years  (3 salaries)

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₹4.5 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)

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₹2.1 L/yr - ₹5.2 L/yr
7 years  (3 salaries)

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₹5 L/yr - ₹5.5 L/yr
8 years (AmbitionBox Estimate)

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₹5 L/yr - ₹5.5 L/yr
9 years  (6 salaries)

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₹3.9 L/yr - ₹5.8 L/yr
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Similar Designation salaries in Mahindra Insurance Brokers

Area Manager Salary
(45 salaries)
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₹3 L/yr - ₹8.5 L/yr
Sales Manager Salary
(6 salaries)
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₹3.15 L/yr - ₹5 L/yr
Deputy Manager Salary
(38 salaries)
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₹3.3 L/yr - ₹10 L/yr
Chief Manager Salary
(4 salaries)
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₹18 L/yr - ₹25.9 L/yr
Senior Branch Manager Salary
(AmbitionBox Estimate)
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₹7.5 L/yr - ₹9.5 L/yr
Cluster Manager Salary
(15 salaries)
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₹8.58 L/yr - ₹14.53 L/yr
Operations Manager Salary
(AmbitionBox Estimate)
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₹11.7 L/yr - ₹15 L/yr
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₹3 L/yr - ₹10 L/yr
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₹2.35 L/yr - ₹8.84 L/yr
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₹2.4 L/yr - ₹4.8 L/yr

Top skills at Mahindra Insurance Brokers for Branch Manager

Health Insurance Sales Direct Sales Agency Channel Life Insurance Insurance Insurance Sales General Insurance Health Insurance Branch Management bdm bde Motor Insurance Agency Sales Agent Recruitment

Salary related reviews for Mahindra Insurance Brokers

2.3

Rated by 6 employees for salary & benefits

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.

read more

Dislikes

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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  • Salary - Poor
  • +2 more

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.

read more
  • 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.

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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.

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  • Salary - Excellent
  • +6 more

Dislikes

Verticalisation ,politics salary is good but career growth is slow,

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

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  • Salary - Bad
  • +6 more

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.

read more
  • Skill development - Good
  • +4 more

Dislikes

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

read more
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Mahindra Insurance Brokers Branch Manager Salary FAQs

What is the salary of Branch Manager at Mahindra Insurance Brokers?
Branch Manager salary at Mahindra Insurance Brokers in India ranges between ₹3.9 Lakhs to ₹5.8 Lakhs for experience between 5 years to 14 years. According to our estimates it is 44% less than the average Branch Manager Salary in India. Salary estimates are based on 25 latest salaries received from various employees of Mahindra Insurance Brokers India.
How does the salary of a Branch Manager at Mahindra Insurance Brokers India compare with the average salary range for this job?
The average salary of a Branch Manager at Mahindra Insurance Brokers is 44% less than the average salary of a Branch Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Branch Manager at Mahindra Insurance Brokers?
Health Insurance, Sales, Direct Sales, Agency Channel and Life Insurance are some of the popular skills required to work as a Branch Manager at Mahindra Insurance Brokers India.
Which similar companies are paying more than Mahindra Insurance Brokers to a Branch Manager in India?
  • The New India Assurance Co. Branch Manager Salary - ₹10.0 Lakhs to ₹18.5 Lakhs per year
  • United India Insurance Company Branch Manager Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
  • National Insurance Company Branch Manager Salary - ₹11.0 Lakhs to ₹15.1 Lakhs per year
  • Digit Insurance Branch Manager Salary - ₹9.0 Lakhs to ₹11.3 Lakhs per year
  • Aviva Life Insurance India Branch Manager Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year
What is the salary of a Branch Manager in companies similar to Mahindra Insurance Brokers in India?
  • Reliance General Insurance Branch Manager Salary - ₹5.2 Lakhs to ₹16.0 Lakhs per year
  • Ageas Federal Life Insurance Branch Manager Salary - ₹7.0 Lakhs to ₹12.0 Lakhs per year
  • Niva Bupa Health Insurance Company Branch Manager Salary - ₹6.0 Lakhs to ₹13.0 Lakhs per year
  • ICICI Lombard General Insurance Company Branch Manager Salary - ₹4.5 Lakhs to ₹13.0 Lakhs per year
  • Future Generali India Life Insurance Branch Manager Salary - ₹5.0 Lakhs to ₹16.2 Lakhs per year
What is the estimated take home salary of a Branch Manager at Mahindra Insurance Brokers in India?
The estimated take-home salary of a Branch Manager at Mahindra Insurance Brokers ranges between ₹38,611 per month to ₹39,797 per month in India. The take-home salary calculation is based on the average Mahindra Insurance Brokers Branch Manager salary in India which ranges between ₹3.9 Lakhs to ₹5.8 Lakhs per year for employees with experience between 5 years to 14 years. Check how did we calculate take home salary?
What is the notice period for Branch Manager at Mahindra Insurance Brokers?
According to AmbitionBox, 45% of the Mahindra Insurance Brokers Branch Managers reported a notice period of 1 Month, 37% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 55 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Mahindra Insurance Brokers Branch Manager salary in India ranges between ₹3.9 Lakhs to ₹5.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 25 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.