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Mahindra Insurance Brokers Business Development Manager salaries in India

Annual salary range
5 - 6 years exp.
₹3.6 Lakhs - ₹4 Lakhs
Salary of majority employees
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49% less than the average Business Development Manager Salary in Insurance Companies for 5 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Business Development Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹3.6 L/yr - ₹3.7 L/yr

Sales & Business Development
Business Development Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹3.9 L/yr - ₹4 L/yr

Last Updated: 8 Nov 2024

Companies similar to Mahindra Insurance Brokers for Business Development Manager

Company name Avg Annual Salary Open Jobs
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₹1.1 L/yr - ₹9.1 L/yr

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₹3.5 L/yr - ₹7 L/yr

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18 job openings
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₹2.7 L/yr - ₹5.4 L/yr

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₹4.4 L/yr - ₹7.8 L/yr

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Tata AIG Business Development Manager Salary

2 - 10 years exp. (18 salaries)

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₹3.1 L/yr - ₹6 L/yr

arrow icon 12% more
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₹2.6 L/yr - ₹6.2 L/yr

arrow icon 9% more
1 job opening
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₹1.5 L/yr - ₹6.5 L/yr

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13 job openings
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₹1.5 L/yr - ₹5.5 L/yr

arrow icon 8% less
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₹3.4 L/yr - ₹6 L/yr

arrow icon 20% more
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₹2.4 L/yr - ₹8.8 L/yr

arrow icon 11% more
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₹2.8 L/yr - ₹13 L/yr

arrow icon 101% more
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₹3.5 L/yr - ₹7 L/yr

arrow icon 33% more
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₹3.2 L/yr - ₹5 L/yr

At par
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₹3.6 L/yr - ₹4.8 L/yr

arrow icon 2% more
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₹3 L/yr - ₹4.5 L/yr

arrow icon 2% more
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₹4.5 L/yr - ₹11.2 L/yr

arrow icon 96% more
3 job openings
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₹2.9 L/yr - ₹4 L/yr

arrow icon 11% less
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₹2.4 L/yr - ₹5.5 L/yr

arrow icon 5% less
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₹7.8 L/yr - ₹10 L/yr

arrow icon 135% more
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₹6.7 L/yr - ₹12.5 L/yr

arrow icon 128% more
Business Development Manager salary at Mahindra Insurance Brokers ranges between ₹3.6 Lakhs to ₹4 Lakhs per year for employees with experience between 5 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Insurance Brokers.

Latest annual salaries shared by Mahindra Insurance Brokers Business Development Manager

3mo ago
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6 years exp.
4mo ago
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6 years exp.
7mo ago
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5 years exp.
9mo ago
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5 years exp.

Experience wise Mahindra Insurance Brokers Business Development Manager salaries

Last Updated: 8 Nov 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4 L/yr

Similar Designation salaries in Mahindra Insurance Brokers

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₹2.6 L/yr - ₹3.3 L/yr
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₹2.9 L/yr - ₹3.7 L/yr
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Business Manager Salary
(AmbitionBox Estimate)
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₹12.6 L/yr - ₹16.1 L/yr
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₹39.35 L/yr - ₹41 L/yr
Assistant Sales Manager Salary
(AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr
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₹2.05 L/yr - ₹5.42 L/yr
Senior Sales Manager Salary
(AmbitionBox Estimate)
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₹9.5 L/yr - ₹12.1 L/yr
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₹3.51 L/yr - ₹9.33 L/yr
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₹8 L/yr - ₹12.4 L/yr

Top skills at Mahindra Insurance Brokers for Business Development Manager

Insurance Sales Life Insurance Health Insurance Agent Recruitment Agency Channel General Insurance Insurance Health Insurance agency development Agency Sales Insurance Broking General Insurance Sales General Insurance Sales Life Insurance

Salary related reviews for Mahindra Insurance Brokers

3.9

Rated by 4 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%

read more
  • Salary - Poor
  • +2 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

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.

read more

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.

read more
  • 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

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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Mahindra Insurance Brokers Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Mahindra Insurance Brokers?
Business Development Manager salary at Mahindra Insurance Brokers in India ranges between ₹3.6 Lakhs to ₹4.0 Lakhs for experience between 5 years to 6 years. According to our estimates it is 49% less than the average Business Development Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Insurance Brokers India.
How does the salary of a Business Development Manager at Mahindra Insurance Brokers India compare with the average salary range for this job?
The average salary of a Business Development Manager at Mahindra Insurance Brokers is 49% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Business Development Manager at Mahindra Insurance Brokers?
Insurance Sales, Life Insurance, Health Insurance, Agent Recruitment and Agency Channel are some of the popular skills required to work as a Business Development Manager at Mahindra Insurance Brokers India.
Which similar companies are paying more than Mahindra Insurance Brokers to a Business Development Manager in India?
  • Allianz Partners Business Development Manager Salary - ₹7.8 Lakhs to ₹10.0 Lakhs per year
  • Digit Insurance Business Development Manager Salary - ₹6.7 Lakhs to ₹12.5 Lakhs per year
  • Cholamandalam MS General Insurance Business Development Manager Salary - ₹2.8 Lakhs to ₹13.0 Lakhs per year
  • Reliance General Insurance Business Development Manager Salary - ₹4.4 Lakhs to ₹7.8 Lakhs per year
  • Medi Assist India Business Development Manager Salary - ₹4.5 Lakhs to ₹11.2 Lakhs per year
What is the salary of a Business Development Manager in companies similar to Mahindra Insurance Brokers in India?
  • Future Generali India Life Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
  • Bajaj Allianz General Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
  • Aditya Birla Health Insurance Co Business Development Manager Salary - ₹3.4 Lakhs to ₹6.0 Lakhs per year
  • Tata AIG Business Development Manager Salary - ₹3.1 Lakhs to ₹6.0 Lakhs per year
  • Bharti AXA Life Insurance Business Development Manager Salary - ₹2.4 Lakhs to ₹8.8 Lakhs per year
What is the estimated take home salary of a Business Development Manager at Mahindra Insurance Brokers in India?
The estimated take-home salary of a Business Development Manager at Mahindra Insurance Brokers ranges between ₹28,456 per month to ₹29,843 per month in India. The take-home salary calculation is based on the average Mahindra Insurance Brokers Business Development Manager salary in India which ranges between ₹3.6 Lakhs to ₹4.0 Lakhs per year for employees with experience between 5 years to 6 years. Check how did we calculate take home salary?
What is the notice period for Business Development Manager at Mahindra Insurance Brokers?
According to AmbitionBox, 56% of the Mahindra Insurance Brokers Business Development Managers reported a notice period of 15 days or less, 38% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 18 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Mahindra Insurance Brokers Business Development Manager salary in India ranges between ₹3.6 Lakhs to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.