Mahindra Insurance Brokers Deputy Cluster Manager Salaries by 8 Employees (Updated 2025)

6 - 17 years exp.

₹7.5 Lakhs - ₹9 Lakhs

Salary of majority employees

42% more than the average Deputy Cluster Manager Salary in Insurance Companies for 6 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Cluster Manager Salary 6 - 11 years exp. (4 salaries)	₹8 L/yr - ₹9 L/yr
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Sales & Business Development Deputy Cluster Manager Salary 16 - 17 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹8.3 L/yr

Last Updated: 2 Mar 2025

Companies similar to Mahindra Insurance Brokers for Deputy Cluster Manager

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Deputy Cluster Manager Salary 2 - 11 years exp. (344 salaries)	₹3.5 L/yr - ₹7.3 L/yr 31% less
Bajaj Allianz Life Insurance Deputy Cluster Manager Salary 4 - 13 years exp. (46 salaries)	₹5 L/yr - ₹6.5 L/yr 31% less
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Zepto Deputy Cluster Manager Salary 2 - 10 years exp. (26 salaries)	₹6 L/yr - ₹12.5 L/yr 12% more
IndusInd Bank Deputy Cluster Manager Salary 7 - 12 years exp. (22 salaries)	₹3.4 L/yr - ₹7 L/yr 41% less
RBL Bank Deputy Cluster Manager Salary 5 - 14 years exp. (7 salaries)	₹6 L/yr - ₹6.7 L/yr 21% less

Deputy Cluster Manager salary at Mahindra Insurance Brokers ranges between ₹7.5 Lakhs to ₹9 Lakhs per year for employees with experience between 6 years to 17 years. Salary estimates are based on 8 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Deputy Cluster Manager salaries

Last Updated: 2 Mar 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
7 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
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8 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
9 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
10 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
11 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
12 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
13 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
14 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
15+ years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr

View all

Similar Designation salaries in Mahindra Insurance Brokers

Cluster Manager Salary

(15 salaries)

₹8.58 L/yr - ₹13 L/yr

Deputy Manager Salary

(38 salaries)

₹3.3 L/yr - ₹10 L/yr

Relationship Manager Salary

(4 salaries)

₹2.4 L/yr - ₹4.8 L/yr

Sales Manager Salary

(6 salaries)

₹3.15 L/yr - ₹5 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Area Manager Salary

(45 salaries)

₹3 L/yr - ₹8.5 L/yr

Senior Relationship Manager Salary

(6 salaries)

₹3.9 L/yr - ₹6.9 L/yr

Relationship Officer Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Business Development Manager Salary

(4 salaries)

₹3.64 L/yr - ₹4 L/yr

Senior Business Development Manager Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Salary related reviews for Mahindra Insurance Brokers

4.5

Rated by 3 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%

Salary - Poor

+2 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.

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

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Mahindra Insurance Brokers Deputy Cluster Manager Salary FAQs

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

The average salary of a Deputy Cluster Manager at Mahindra Insurance Brokers in India typically ranges from ₹7.5 Lakhs to ₹9.0 Lakhs per year, depending on experience (from 6 years to 17 years).

The top 10% of Deputy Cluster Manager at Mahindra Insurance Brokers earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Deputy 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 8 Mahindra Insurance Brokers employees in India.

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

The estimated take-home salary of a Deputy Cluster Manager at Mahindra Insurance Brokers in India typically ranges from ₹59,615 to ₹61,121 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from 6 years to 17 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 8 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 Cluster Manager in India?

Zepto

₹6.0 Lakhs to ₹12.5 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 Deputy Cluster Manager in companies similar to Mahindra Insurance Brokers in India?

The salary of a Deputy 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:

RBL Bank	₹6.0 Lakhs to ₹6.7 Lakhs per year
Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹6.5 Lakhs per year
Axis Max Life Insurance	₹3.5 Lakhs to ₹7.3 Lakhs per year
IndusInd Bank	₹3.4 Lakhs to ₹7.0 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 Deputy Cluster Manager at Mahindra Insurance Brokers in India?

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

Experience	Average Salary Range
6 years	₹7.3 Lakhs to ₹9.3 Lakhs per year
7 years	₹7.3 Lakhs to ₹9.3 Lakhs per year
8 years	₹7.3 Lakhs to ₹9.3 Lakhs per year
9 years	₹7.3 Lakhs to ₹9.3 Lakhs per year

and so on.

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Mahindra Insurance Brokers Deputy Cluster Manager Salaries

Mahindra Insurance Brokers Deputy Cluster Manager salary in India ranges between ₹7.5 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.