Mahindra Insurance Brokers Business Manager Salaries by Employees (Updated 2025)

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₹12.6 Lakhs - ₹16.1 Lakhs

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Last Updated: 10 Aug 2023

Companies similar to Mahindra Insurance Brokers for Business Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Business Manager Salary 3 - 14 years exp. (10 salaries)	₹2.3 L/yr - ₹10 L/yr 65% less
Bajaj Allianz General Insurance Business Manager Salary 4 - 11 years exp. (9 salaries)	₹3.9 L/yr - ₹6.3 L/yr 68% less
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HDFC Ergo General Insurance Business Manager Salary 1 - 5 years exp. (3 salaries)	₹3.9 L/yr - ₹15 L/yr 33% less
Reliance General Insurance Business Manager Salary 7 - 17 years exp. (133 salaries)	₹4.5 L/yr - ₹12.3 L/yr 43% less
Niva Bupa Health Insurance Company Business Manager Salary 0 - 10 years exp. (5 salaries)	₹8 L/yr - ₹9 L/yr 40% less
Bharti AXA Life Insurance Business Manager Salary 1 - 12 years exp. (203 salaries)	₹2.2 L/yr - ₹4 L/yr 79% less
Edelweiss Life Insurance Business Manager Salary 0 - 16 years exp. (34 salaries)	₹3 L/yr - ₹8.5 L/yr 64% less
IndiaFirst Life Insurance Business Manager Salary 3 - 13 years exp. (24 salaries)	₹2.9 L/yr - ₹6.3 L/yr 68% less
Cholamandalam MS General Insurance Business Manager Salary 3 - 14 years exp. (15 salaries)	₹4 L/yr - ₹6.5 L/yr 61% less
Future Generali India Life Insurance Business Manager Salary 1 - 16 years exp. (7 salaries)	₹3.8 L/yr - ₹6.5 L/yr 63% less
ManipalCigna Health Insurance Business Manager Salary 4 - 7 years exp. (5 salaries)	₹3 L/yr - ₹3.9 L/yr 77% less
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Shriram General Insurance Business Manager Salary 6 - 18 years exp. (4 salaries)	₹3.5 L/yr - ₹9.4 L/yr 65% less

Business Manager salary at Mahindra Insurance Brokers ranges between ₹12.6 Lakhs to ₹16.1 Lakhs per year for employees with 3 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Mahindra Insurance Brokers.

Similar Designation salaries in Mahindra Insurance Brokers

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Salary related reviews for Mahindra Insurance Brokers

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 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.

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

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Mahindra Insurance Brokers Business Manager Salary FAQs

What is the notice period for Business Manager at Mahindra Insurance Brokers?

According to AmbitionBox, 100% of the Mahindra Insurance Brokers Business Managers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Mahindra Insurance Brokers Business Manager Salaries

Mahindra Insurance Brokers Business Manager salary in India ranges between ₹12.6 Lakhs to ₹16.1 Lakhs. This is an estimate based on latest salaries received from employees of Mahindra Insurance Brokers.