Mahindra Insurance Brokers Cluster Head Salaries by 3 Employees (Updated 2025)

14 - 17 years exp.

₹9.2 Lakhs - ₹18 Lakhs

Low Confidence

Salary of majority employees

11% less than the average Cluster Head Salary in Insurance Companies for 14 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Head Salary 14 years exp. (AmbitionBox Estimate)	₹9.7 L/yr - ₹11.9 L/yr
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Sales & Business Development Cluster Head Salary 15 years exp. (AmbitionBox Estimate)	₹16.2 L/yr - ₹19.8 L/yr

Last Updated: 5 Feb 2025

Companies similar to Mahindra Insurance Brokers for Cluster Head

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Cluster Head Salary 3 - 18 years exp. (18 salaries)	₹7.8 L/yr - ₹17.5 L/yr 9% less
Bajaj Allianz General Insurance Cluster Head Salary 5 - 20 years exp. (62 salaries)	₹6.3 L/yr - ₹17.3 L/yr 22% less	17 job openings
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HDFC Ergo General Insurance Cluster Head Salary 8 - 18 years exp. (43 salaries)	₹7 L/yr - ₹14 L/yr 21% less
Reliance General Insurance Cluster Head Salary 10 - 17 years exp. (49 salaries)	₹7 L/yr - ₹19.4 L/yr 2% more
Tata AIG Cluster Head Salary 4 - 13 years exp. (5 salaries)	₹4.7 L/yr - ₹14.5 L/yr 32% less
Niva Bupa Health Insurance Company Cluster Head Salary 9 - 19 years exp. (17 salaries)	₹9.5 L/yr - ₹15 L/yr 6% less
Bharti AXA Life Insurance Cluster Head Salary 15 - 22 years exp. (23 salaries)	₹12.5 L/yr - ₹22 L/yr 51% more
Edelweiss Life Insurance Cluster Head Salary 12 - 28 years exp. (13 salaries)	₹13.1 L/yr - ₹20.5 L/yr 20% more
Aditya Birla Health Insurance Co Cluster Head Salary 5 - 10 years exp. (10 salaries)	₹6 L/yr - ₹15.1 L/yr 22% less
Future Generali India Life Insurance Cluster Head Salary 13 - 21 years exp. (7 salaries)	₹13.2 L/yr - ₹17.5 L/yr 11% more
Medi Assist India Cluster Head Salary 4 - 8 years exp. (6 salaries)	₹2 L/yr - ₹10 L/yr 56% less
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Ageas Federal Life Insurance Cluster Head Salary 10 - 22 years exp. (5 salaries)	₹14.5 L/yr - ₹17.5 L/yr 22% more
Aviva Life Insurance India Cluster Head Salary 14 - 21 years exp. (4 salaries)	₹17 L/yr - ₹19.4 L/yr 42% more
Royal Sundaram General Insurance Cluster Head Salary 6 - 18 years exp. (4 salaries)	₹5.9 L/yr - ₹16 L/yr 3% less
ManipalCigna Health Insurance Cluster Head Salary 10 - 19 years exp. (4 salaries)	₹5.8 L/yr - ₹10 L/yr 38% less
Pramerica Life Insurance Cluster Head Salary 8 - 12 years exp. (3 salaries)	₹6.3 L/yr - ₹11.7 L/yr 35% less

Cluster Head salary at Mahindra Insurance Brokers ranges between ₹9.2 Lakhs to ₹18 Lakhs per year for employees with experience between 14 years to 17 years. Salary estimates are based on 3 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Cluster Head salaries

Last Updated: 5 Feb 2025

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹12.4 L/yr
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15+ years (AmbitionBox Estimate)	₹12.2 L/yr - ₹15.6 L/yr

Similar Designation salaries in Mahindra Insurance Brokers

Cluster Manager Salary

(15 salaries)

₹8.58 L/yr - ₹14.53 L/yr

Team Lead Salary

(4 salaries)

₹8.5 L/yr - ₹11.4 L/yr

Sales Officer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Sales Manager Salary

(6 salaries)

₹3.15 L/yr - ₹5 L/yr

Sales Executive Salary

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₹1.35 L/yr - ₹4.2 L/yr

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₹3 L/yr - ₹8.5 L/yr

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₹3.3 L/yr - ₹10 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹12.6 L/yr - ₹16.1 L/yr

Branch Manager Salary

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₹3.9 L/yr - ₹5.75 L/yr

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₹2.35 L/yr - ₹8.84 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 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 Cluster Head Salary FAQs

What is the notice period for Cluster Head at Mahindra Insurance Brokers?

According to AmbitionBox, 67% of the Mahindra Insurance Brokers Cluster Heads reported a notice period of 2 Months, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Mahindra Insurance Brokers Cluster Head Salaries by Location

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Mahindra Insurance Brokers Cluster Head Salaries

Mahindra Insurance Brokers Cluster Head salary in India ranges between ₹9.2 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.