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Mahindra Insurance Brokers Cluster Manager salaries in India

Annual salary range
12 - 18 years exp.
₹8.6 Lakhs - ₹13 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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17% 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. (10 salaries)
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₹8.6 L/yr - ₹13 L/yr

BFSI, Investments & Trading
Cluster Manager Salary
15 - 17 years exp. (AmbitionBox Estimate)
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₹10.2 L/yr - ₹12 L/yr

Last Updated: 13 Aug 2024

Companies similar to Mahindra Insurance Brokers for Cluster Manager

Company name Avg Annual Salary Open Jobs
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Liberty General Insurance Cluster Manager Salary

1 - 15 years exp. (128 salaries)

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₹5.7 L/yr - ₹10.1 L/yr

arrow icon 26% less
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₹3.5 L/yr - ₹10.8 L/yr

arrow icon 31% less
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₹5.5 L/yr - ₹9 L/yr

arrow icon 31% less
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Edelweiss Life Insurance Cluster Manager Salary

6 - 17 years exp. (28 salaries)

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₹6.6 L/yr - ₹13 L/yr

arrow icon 11% less
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₹4 L/yr - ₹11.2 L/yr

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₹6.5 L/yr - ₹10 L/yr

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₹6.2 L/yr - ₹9.5 L/yr

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₹6.7 L/yr - ₹8.3 L/yr

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₹7.5 L/yr - ₹9 L/yr

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₹5.1 L/yr - ₹21.5 L/yr

arrow icon 28% more
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₹6.5 L/yr - ₹12.5 L/yr

arrow icon 23% less
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Pramerica Life Insurance Cluster Manager Salary

12 - 18 years exp. (5 salaries)

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₹5.8 L/yr - ₹8.2 L/yr

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₹12.4 L/yr - ₹16 L/yr

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₹5.4 L/yr - ₹13.8 L/yr

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₹4.5 L/yr - ₹9 L/yr

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Cluster Manager salary at Mahindra Insurance Brokers ranges between ₹8.6 Lakhs to ₹13 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.

Latest annual salaries shared by Mahindra Insurance Brokers Cluster Manager

7mo ago
₹8.6 Lakhs
13 years exp.
10mo ago
₹9.5 Lakhs
13 years exp.
10mo ago
₹11.2 Lakhs
15 years exp.
1y ago
₹13 Lakhs
18 years exp.
1y ago
₹11.2 Lakhs
14 years exp.
1y ago
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12 years exp.
1y ago
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16 years exp.
1y ago
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14 years exp.

Experience wise Mahindra Insurance Brokers Cluster Manager salaries

Last Updated: 13 Aug 2024

Experience Avg Annual Salary
12 years (AmbitionBox Estimate)

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₹9.5 L/yr - ₹18.5 L/yr
13 years  (5 salaries)

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₹8.6 L/yr - ₹11 L/yr
14 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹11.2 L/yr
15+ years  (7 salaries)

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₹8.6 L/yr - ₹13 L/yr

Similar Designation salaries in Mahindra Insurance Brokers

Cluster Head Salary
(3 salaries)
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₹9.2 L/yr - ₹18 L/yr
Area Manager Salary
(45 salaries)
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₹3 L/yr - ₹8.5 L/yr
Deputy Manager Salary
(38 salaries)
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₹3.3 L/yr - ₹10 L/yr
Business Manager Salary
(AmbitionBox Estimate)
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₹12.6 L/yr - ₹16.1 L/yr
Sales Manager Salary
(6 salaries)
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₹3.15 L/yr - ₹5 L/yr
Branch Manager Salary
(24 salaries)
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₹4.2 L/yr - ₹6.5 L/yr
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₹2.35 L/yr - ₹4.8 L/yr
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₹3.51 L/yr - ₹9.33 L/yr
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₹2.4 L/yr - ₹4.8 L/yr
Area Business Manager Salary
(AmbitionBox Estimate)
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₹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

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

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

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
see more salary related reviews

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Mahindra Insurance Brokers Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Mahindra Insurance Brokers ?
The average salary of a Cluster Manager at Mahindra Insurance Brokers in India typically ranges from ₹8.6 Lakhs to ₹13.0 Lakhs per year, depending on experience (from 12 years to 18 years).

The top 10% of Cluster Manager at Mahindra Insurance Brokers earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Cluster Manager Salaries at Mahindra Insurance Brokers can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Mahindra Insurance Brokers employees in India.
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 in India typically ranges from ₹77,371 to ₹79,380 per month. This is based on the average salary range of ₹8.6 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from 12 years to 18 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Mahindra Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Cluster Manager at Mahindra Insurance Brokers ?
To be a Cluster Manager at Mahindra Insurance Brokers in india, the key skills required include:

  • - Team Handling
  • - Life Insurance
  • - Sales

These skills are highly valued at Mahindra Insurance Brokers and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Mahindra Insurance Brokers for Cluster Manager in India?
Aviva Life Insurance India ₹12.4 Lakhs to ₹16.0 Lakhs per year
Bharti AXA Life Insurance ₹5.1 Lakhs to ₹21.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Insurance Brokers, depending on the role and experience level.
What is the salary of a Cluster Manager in companies similar to Mahindra Insurance Brokers in India?
The salary of a Cluster Manager at companies similar to Mahindra Insurance Brokers in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Edelweiss Life Insurance ₹6.6 Lakhs to ₹13.0 Lakhs per year
Ageas Federal Life Insurance ₹7.5 Lakhs to ₹9.0 Lakhs per year
Cholamandalam MS General Insurance ₹6.5 Lakhs to ₹10.0 Lakhs per year
Universal Sompo General Insurance ₹6.5 Lakhs to ₹12.5 Lakhs per year
IndiaFirst Life Insurance ₹5.4 Lakhs to ₹13.8 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Cluster Manager at Mahindra Insurance Brokers in India?
The salary growth for a Cluster Manager at Mahindra Insurance Brokers depends on factors such as experience, performance, and promotions. On average, a Cluster Manager can expect the following growth trajectory at Mahindra Insurance Brokers:

Experience Average Salary Range
12 years ₹9.5 Lakhs to ₹18.5 Lakhs per year
13 years ₹8.6 Lakhs to ₹11.0 Lakhs per year
14 years ₹4.2 Lakhs to ₹11.2 Lakhs per year
15 years ₹8.6 Lakhs to ₹13.0 Lakhs per year
and so on.

Tell us how to improve this page.

Mahindra Insurance Brokers Cluster Manager salary in India ranges between ₹8.6 Lakhs to ₹13 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 15 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.