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 32% less
Bajaj Allianz Life Insurance Deputy Cluster Manager Salary 4 - 13 years exp. (47 salaries)	₹5 L/yr - ₹6.5 L/yr 31% less
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Zepto Deputy Cluster Manager Salary 3 - 10 years exp. (24 salaries)	₹6.1 L/yr - ₹12.5 L/yr 14% more	1 job opening
IndusInd Bank Deputy Cluster Manager Salary 7 - 12 years exp. (22 salaries)	₹3.4 L/yr - ₹7 L/yr 40% 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)	₹8 L/yr - ₹14.6 L/yr
7 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
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8 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹8.5 L/yr
9 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹9 L/yr
10 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹14.6 L/yr
11 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹9 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)	₹7.5 L/yr - ₹14.5 L/yr
15+ years (AmbitionBox Estimate)	₹8 L/yr - ₹8.3 L/yr

View all

Similar Designation salaries in Mahindra Insurance Brokers

Cluster Manager Salary

(15 salaries)

₹8.58 L/yr - ₹14.53 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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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Mahindra Insurance Brokers Deputy Cluster Manager Salary FAQs

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

Deputy Cluster Manager salary at Mahindra Insurance Brokers in India ranges between ₹7.5 Lakhs to ₹9.0 Lakhs for experience between 6 years to 17 years. According to our estimates it is 42% more than the average Deputy Cluster Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Mahindra Insurance Brokers India.

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

The average salary of a Deputy Cluster Manager at Mahindra Insurance Brokers is 42% more than the average salary of a Deputy Cluster Manager in India. To know exact salary insights, login to view.

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

Zepto Deputy Cluster Manager Salary - ₹6.1 Lakhs to ₹12.5 Lakhs per year

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

RBL Bank Deputy Cluster Manager Salary - ₹6.0 Lakhs to ₹6.7 Lakhs per year
Bajaj Allianz Life Insurance Deputy Cluster Manager Salary - ₹5.0 Lakhs to ₹6.5 Lakhs per year
Axis Max Life Insurance Deputy Cluster Manager Salary - ₹3.5 Lakhs to ₹7.3 Lakhs per year
IndusInd Bank Deputy Cluster Manager Salary - ₹3.4 Lakhs to ₹7.0 Lakhs per year

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 ranges between ₹59,615 per month to ₹61,121 per month in India. The take-home salary calculation is based on the average Mahindra Insurance Brokers Deputy Cluster Manager salary in India which ranges between ₹7.5 Lakhs to ₹9.0 Lakhs per year for employees with experience between 6 years to 17 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 80% of the Mahindra Insurance Brokers Deputy Cluster Managers reported a notice period of 2 Months, 20% reported a notice period of 3 Months.This is based on 5 responses on AmbitionBox in last 2 years.

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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.