Mahindra Insurance Brokers Deputy Area Manager Salaries by 10+ Employees

2 - 7 years exp.

₹2.4 Lakhs - ₹4.5 Lakhs

Salary of majority employees

57% less than the average Deputy Area Manager Salary in Insurance Companies for 2 - 7 years of experience

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Salaries in different departments

Sales & Business Development Deputy Area Manager Salary 4 - 7 years exp. (4 salaries)	₹3 L/yr - ₹3.6 L/yr
Production, Manufacturing & Engineering Deputy Area Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.8 L/yr
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Finance & Accounting Deputy Area Manager Salary 5 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr

Last Updated: 28 Mar 2024

Companies similar to Mahindra Insurance Brokers for Deputy Area Manager

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance Deputy Area Manager Salary 5 - 16 years exp. (7 salaries)	₹5.7 L/yr - ₹8.5 L/yr 100% more
Aditya Birla Health Insurance Co Deputy Area Manager Salary 10 - 16 years exp. (5 salaries)	₹11.5 L/yr - ₹17 L/yr 333% more
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Magma HDI General Insurance Deputy Area Manager Salary 8 - 11 years exp. (3 salaries)	₹8.4 L/yr - ₹8.5 L/yr 148% more
Bajaj Allianz Life Insurance Deputy Area Manager Salary 5 - 13 years exp. (138 salaries)	₹4.5 L/yr - ₹6.5 L/yr 64% more
Bajaj Finance Deputy Area Manager Salary 3 - 10 years exp. (136 salaries)	₹5 L/yr - ₹11.3 L/yr 139% more	436 job openings

Deputy Area Manager salary at Mahindra Insurance Brokers ranges between ₹2.4 Lakhs to ₹4.5 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 14 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Deputy Area Manager salaries

Last Updated: 28 Mar 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹6.1 L/yr
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4 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.1 L/yr
5 years (5 salaries)	₹3.3 L/yr - ₹4.5 L/yr
6 years (4 salaries)	₹2.8 L/yr - ₹3.8 L/yr
7 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹6.1 L/yr

View all

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Salary related reviews for Mahindra Insurance Brokers

3.4

Rated by 6 employees for salary & benefits

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,

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.

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.

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Mahindra Insurance Brokers Deputy Area Manager Salary FAQs

What is the salary of Deputy Area Manager at Mahindra Insurance Brokers ?

The average salary of a Deputy Area Manager at Mahindra Insurance Brokers in India typically ranges from ₹2.4 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Deputy Area Manager at Mahindra Insurance Brokers earn more than ₹3.9 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Deputy Area 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 Deputy Area Manager at Mahindra Insurance Brokers in India?

The estimated take-home salary of a Deputy Area Manager at Mahindra Insurance Brokers in India typically ranges from ₹24,652 to ₹26,096 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 2 years to 7 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.

Which companies offer higher salaries than Mahindra Insurance Brokers for Deputy Area Manager in India?

Aditya Birla Health Insurance Co	₹11.5 Lakhs to ₹17.0 Lakhs per year
Magma HDI General Insurance	₹8.4 Lakhs to ₹8.5 Lakhs per year
Bajaj Finance	₹5.0 Lakhs to ₹11.3 Lakhs per year
Cholamandalam MS General Insurance	₹5.7 Lakhs to ₹8.5 Lakhs per year
Bajaj Allianz Life Insurance	₹4.5 Lakhs to ₹6.5 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.

How the salary growth look like for a Deputy Area Manager at Mahindra Insurance Brokers in India?

The salary growth for a Deputy Area Manager at Mahindra Insurance Brokers depends on factors such as experience, performance, and promotions. On average, a Deputy Area Manager can expect the following growth trajectory at Mahindra Insurance Brokers:

Experience	Average Salary Range
2 years	₹2.4 Lakhs to ₹6.0 Lakhs per year
3 years	₹3.2 Lakhs to ₹6.1 Lakhs per year
4 years	₹3.0 Lakhs to ₹6.1 Lakhs per year
5 years	₹3.3 Lakhs to ₹4.5 Lakhs per year

and so on.

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Mahindra Insurance Brokers Deputy Area Manager Salaries by Location

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Mahindra Insurance Brokers Deputy Area Manager Salaries

Mahindra Insurance Brokers Deputy Area Manager salary in India ranges between ₹2.4 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.

Mahindra Insurance Brokers Deputy Area Manager salaries in India

Companies similar to Mahindra Insurance Brokers for Deputy Area Manager

Latest annual salaries shared by Mahindra Insurance Brokers Deputy Area Manager

Experience wise Mahindra Insurance Brokers Deputy Area Manager salaries

Similar Designation salaries in Mahindra Insurance Brokers

Salary related reviews for Mahindra Insurance Brokers

Deputy Area Manager in Hazaribag

Area Manager in Hyderabad / Secunderabad

Senior Application Support Engineer in Mumbai

Senior Territory Manager in Coimbatore

Senior Business Development Executive in Bhubaneswar

Mahindra Insurance Brokers Deputy Area Manager Salary FAQs

Tell us how to improve this page.

Mahindra Insurance Brokers Deputy Area Manager Salaries by Location