Mahindra Insurance Brokers Chief Manager Salaries by 4 Employees (Updated 2025)

15 - 22 years exp.

₹18 Lakhs - ₹25.9 Lakhs

Salary of majority employees

At par with the average Chief Manager Salary in Insurance Companies for 15 - 22 years of experience

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Salaries in different departments

Product Management Chief Manager Salary 16 years exp. (AmbitionBox Estimate)	₹23 L/yr - ₹28.1 L/yr
Project & Program Management Chief Manager Salary 15 years exp. (AmbitionBox Estimate)	₹19.5 L/yr - ₹23.9 L/yr
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Sales & Business Development Chief Manager Salary 22 years exp. (AmbitionBox Estimate)	₹23.3 L/yr - ₹28.5 L/yr

Last Updated: 12 Oct 2024

Companies similar to Mahindra Insurance Brokers for Chief Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Chief Manager Salary 3 - 19 years exp. (465 salaries)	₹9.5 L/yr - ₹24 L/yr 28% less
Reliance General Insurance Chief Manager Salary 9 - 20 years exp. (46 salaries)	₹9.8 L/yr - ₹27 L/yr 29% less
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Tata AIG Chief Manager Salary 1 - 14 years exp. (271 salaries)	₹8.8 L/yr - ₹28.5 L/yr 27% less
Star Health & Allied Insurance Chief Manager Salary 5 - 20 years exp. (41 salaries)	₹5.3 L/yr - ₹21.3 L/yr 45% less
Niva Bupa Health Insurance Company Chief Manager Salary 11 - 18 years exp. (12 salaries)	₹10.3 L/yr - ₹30.6 L/yr 5% less
Aditya Birla Health Insurance Co Chief Manager Salary 5 - 19 years exp. (62 salaries)	₹12 L/yr - ₹36.5 L/yr 2% more
Edelweiss Life Insurance Chief Manager Salary 4 - 18 years exp. (49 salaries)	₹11 L/yr - ₹25 L/yr 30% less
Cholamandalam MS General Insurance Chief Manager Salary 8 - 22 years exp. (20 salaries)	₹19 L/yr - ₹30 L/yr 5% more
Ageas Federal Life Insurance Chief Manager Salary 9 - 17 years exp. (17 salaries)	₹10.3 L/yr - ₹19.8 L/yr 17% less
Pramerica Life Insurance Chief Manager Salary 8 - 21 years exp. (12 salaries)	₹19.9 L/yr - ₹30 L/yr 1% more
MetLife Chief Manager Salary 3 - 22 years exp. (4 salaries)	₹1 L/yr - ₹31.9 L/yr 30% less
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Bharti AXA Life Insurance Chief Manager Salary 14 - 20 years exp. (4 salaries)	₹11.6 L/yr - ₹15 L/yr 45% less

Chief Manager salary at Mahindra Insurance Brokers ranges between ₹18 Lakhs to ₹25.9 Lakhs per year for employees with experience between 15 years to 22 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Chief Manager salaries

Last Updated: 12 Oct 2024

Experience	Avg Annual Salary
15+ years (4 salaries)	₹18 L/yr - ₹25.9 L/yr
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Similar Designation salaries in Mahindra Insurance Brokers

Area Manager Salary

(45 salaries)

₹3 L/yr - ₹8.5 L/yr

Sales Manager Salary

(6 salaries)

₹3.15 L/yr - ₹5 L/yr

Cluster Manager Salary

(15 salaries)

₹8.58 L/yr - ₹14.53 L/yr

Branch Manager Salary

(24 salaries)

₹3.9 L/yr - ₹5.75 L/yr

Deputy Manager Salary

(38 salaries)

₹3.3 L/yr - ₹10 L/yr

Territory Manager Salary

(35 salaries)

₹2.35 L/yr - ₹4.8 L/yr

Operations Manager Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Area Sales Manager Salary

(5 salaries)

₹3.51 L/yr - ₹9.33 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹9.5 L/yr - ₹12.1 L/yr

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 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

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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.

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Mahindra Insurance Brokers Chief Manager Salary FAQs

What is the salary of Chief Manager at Mahindra Insurance Brokers?

Chief Manager salary at Mahindra Insurance Brokers in India ranges between ₹18.0 Lakhs to ₹25.9 Lakhs for experience between 15 years to 22 years. According to our estimates it is 4% more than the average Chief 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 Chief Manager at Mahindra Insurance Brokers India compare with the average salary range for this job?

The average salary of a Chief Manager at Mahindra Insurance Brokers is 4% more than the average salary of a Chief Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra Insurance Brokers to a Chief Manager in India?

Cholamandalam MS General Insurance Chief Manager Salary - ₹19.0 Lakhs to ₹30.0 Lakhs per year
Aditya Birla Health Insurance Co Chief Manager Salary - ₹12.0 Lakhs to ₹36.5 Lakhs per year
Pramerica Life Insurance Chief Manager Salary - ₹19.9 Lakhs to ₹30.0 Lakhs per year

What is the salary of a Chief Manager in companies similar to Mahindra Insurance Brokers in India?

Niva Bupa Health Insurance Company Chief Manager Salary - ₹10.3 Lakhs to ₹30.6 Lakhs per year
Ageas Federal Life Insurance Chief Manager Salary - ₹10.3 Lakhs to ₹19.8 Lakhs per year
Tata AIG Chief Manager Salary - ₹8.8 Lakhs to ₹28.5 Lakhs per year
ICICI Lombard General Insurance Company Chief Manager Salary - ₹9.5 Lakhs to ₹24.0 Lakhs per year
Reliance General Insurance Chief Manager Salary - ₹9.8 Lakhs to ₹27.0 Lakhs per year

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

The estimated take-home salary of a Chief Manager at Mahindra Insurance Brokers ranges between ₹1,46,538 per month to ₹1,52,027 per month in India. The take-home salary calculation is based on the average Mahindra Insurance Brokers Chief Manager salary in India which ranges between ₹18.0 Lakhs to ₹25.9 Lakhs per year for employees with experience between 15 years to 22 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the Mahindra Insurance Brokers Chief Managers reported a notice period of 3 Months, 33% reported a notice period of 2 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Mahindra Insurance Brokers Chief Manager Salaries

Mahindra Insurance Brokers Chief Manager salary in India ranges between ₹18 Lakhs to ₹25.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.