Mahindra Insurance Brokers Cluster Manager Salaries by 10+ Employees (Updated 2025)

12 - 18 years exp.

₹8.6 Lakhs - ₹14.5 Lakhs

Salary of majority employees

25% more than the average Cluster Manager Salary in Insurance Companies for 12 - 18 years of experience

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Salaries in different departments

Sales & Business Development Cluster Manager Salary 12 - 18 years exp. (12 salaries)	₹8.6 L/yr - ₹14.5 L/yr
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BFSI, Investments & Trading Cluster Manager Salary 15 - 17 years exp. (AmbitionBox Estimate)	₹12 L/yr - ₹13.1 L/yr

Last Updated: 27 Dec 2024

Companies similar to Mahindra Insurance Brokers for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Cluster Manager Salary 1 - 12 years exp. (16 salaries)	₹3.8 L/yr - ₹11 L/yr 31% less
Bajaj Allianz General Insurance Cluster Manager Salary 3 - 17 years exp. (37 salaries)	₹4.2 L/yr - ₹16.5 L/yr 15% less	10 job openings
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HDFC Ergo General Insurance Cluster Manager Salary 7 - 16 years exp. (21 salaries)	₹4.1 L/yr - ₹13.5 L/yr 12% less
Reliance General Insurance Cluster Manager Salary 6 - 18 years exp. (222 salaries)	₹4.3 L/yr - ₹16.5 L/yr 8% less	5 job openings
Tata AIG Cluster Manager Salary 4 - 16 years exp. (23 salaries)	₹3.8 L/yr - ₹8.8 L/yr 44% less
Star Health & Allied Insurance Cluster Manager Salary 5 - 13 years exp. (70 salaries)	₹3.7 L/yr - ₹8 L/yr 46% less
Niva Bupa Health Insurance Company Cluster Manager Salary 5 - 14 years exp. (74 salaries)	₹5 L/yr - ₹8 L/yr 42% less
Aditya Birla Health Insurance Co Cluster Manager Salary 3 - 13 years exp. (117 salaries)	₹4 L/yr - ₹11 L/yr 32% less
ManipalCigna Health Insurance Cluster Manager Salary 10 - 17 years exp. (39 salaries)	₹5.5 L/yr - ₹9 L/yr 35% less
Edelweiss Life Insurance Cluster Manager Salary 6 - 17 years exp. (27 salaries)	₹6.6 L/yr - ₹13 L/yr 16% less
Future Generali India Life Insurance Cluster Manager Salary 7 - 15 years exp. (21 salaries)	₹4 L/yr - ₹11.2 L/yr 38% less
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Cholamandalam MS General Insurance Cluster Manager Salary 5 - 17 years exp. (17 salaries)	₹6.5 L/yr - ₹10 L/yr 22% less
Ageas Federal Life Insurance Cluster Manager Salary 11 - 16 years exp. (6 salaries)	₹7.5 L/yr - ₹9 L/yr 21% less
Bharti AXA Life Insurance Cluster Manager Salary 8 - 23 years exp. (6 salaries)	₹5.1 L/yr - ₹21.5 L/yr 21% more
Aviva Life Insurance India Cluster Manager Salary 15 - 27 years exp. (5 salaries)	₹12.4 L/yr - ₹19.4 L/yr 40% more
Pramerica Life Insurance Cluster Manager Salary 12 - 18 years exp. (5 salaries)	₹5.8 L/yr - ₹8.2 L/yr 41% less
IndiaFirst Life Insurance Cluster Manager Salary 4 - 19 years exp. (4 salaries)	₹5.1 L/yr - ₹13.8 L/yr 35% less
Shriram General Insurance Cluster Manager Salary 8 - 25 years exp. (3 salaries)	₹4.5 L/yr - ₹9 L/yr 47% less

Cluster Manager salary at Mahindra Insurance Brokers ranges between ₹8.6 Lakhs to ₹14.5 Lakhs per year for employees with experience between 12 years to 18 years. Salary estimates are based on 15 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Cluster Manager salaries

Last Updated: 27 Dec 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹9.5 L/yr - ₹19.4 L/yr
13 years (5 salaries)	₹8.6 L/yr - ₹11 L/yr
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14 years (AmbitionBox Estimate)	₹11 L/yr - ₹11.2 L/yr
15+ years (7 salaries)	₹11.2 L/yr - ₹14.5 L/yr

Similar Designation salaries in Mahindra Insurance Brokers

Cluster Head Salary

(3 salaries)

₹9.2 L/yr - ₹18 L/yr

Area Manager Salary

(44 salaries)

₹3 L/yr - ₹8.5 L/yr

Deputy Manager Salary

(38 salaries)

₹3.3 L/yr - ₹10 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹12.6 L/yr - ₹16.1 L/yr

Sales Manager Salary

(6 salaries)

₹3.15 L/yr - ₹5 L/yr

Branch Manager Salary

(25 salaries)

₹3.9 L/yr - ₹5.75 L/yr

Territory Manager Salary

(35 salaries)

₹2.35 L/yr - ₹8.84 L/yr

Area Sales Manager Salary

(5 salaries)

₹3 L/yr - ₹10 L/yr

Relationship Manager Salary

(4 salaries)

₹2.4 L/yr - ₹4.8 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

₹7.1 L/yr - ₹9.1 L/yr

Top skills at Mahindra Insurance Brokers for Cluster Manager

Team Handling Life Insurance Sales

Salary related reviews for Mahindra Insurance Brokers

3.1

Rated by 6 employees for salary & benefits

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%

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.

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.

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

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.

Dislikes

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

see more salary related reviews

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Mahindra Insurance Brokers Cluster Manager Salary FAQs

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

Cluster Manager salary at Mahindra Insurance Brokers in India ranges between ₹8.6 Lakhs to ₹14.5 Lakhs for experience between 12 years to 18 years. According to our estimates it is 25% more than the average Cluster Manager Salary in India. Salary estimates are based on 15 latest salaries received from various employees of Mahindra Insurance Brokers India.

How does the salary of a Cluster Manager at Mahindra Insurance Brokers India compare with the average salary range for this job?

The average salary of a Cluster Manager at Mahindra Insurance Brokers is 25% more than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Cluster Manager at Mahindra Insurance Brokers?

Team Handling, Life Insurance and Sales are some of the popular skills required to work as a Cluster Manager at Mahindra Insurance Brokers India.

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

Aviva Life Insurance India Cluster Manager Salary - ₹12.4 Lakhs to ₹19.4 Lakhs per year
Bharti AXA Life Insurance Cluster Manager Salary - ₹5.1 Lakhs to ₹21.5 Lakhs per year

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

Reliance General Insurance Cluster Manager Salary - ₹4.3 Lakhs to ₹16.5 Lakhs per year
HDFC Ergo General Insurance Cluster Manager Salary - ₹4.1 Lakhs to ₹13.5 Lakhs per year
Bajaj Allianz General Insurance Cluster Manager Salary - ₹4.2 Lakhs to ₹16.5 Lakhs per year
Edelweiss Life Insurance Cluster Manager Salary - ₹6.6 Lakhs to ₹13.0 Lakhs per year
Ageas Federal Life Insurance Cluster Manager Salary - ₹7.5 Lakhs to ₹9.0 Lakhs per year

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

The estimated take-home salary of a Cluster Manager at Mahindra Insurance Brokers ranges between ₹81,178 per month to ₹83,294 per month in India. The take-home salary calculation is based on the average Mahindra Insurance Brokers Cluster Manager salary in India which ranges between ₹8.6 Lakhs to ₹14.5 Lakhs per year for employees with experience between 12 years to 18 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 59% of the Mahindra Insurance Brokers Cluster Managers reported a notice period of 3 Months, 32% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 22 responses on AmbitionBox in last 2 years.

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Mahindra Insurance Brokers Cluster Manager Salaries

Mahindra Insurance Brokers Cluster Manager salary in India ranges between ₹8.6 Lakhs to ₹14.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.