Average annual salary for most employees Fixed vs. variable pay breakdown Estimated monthly take-home salary22% less than the average Deputy Manager Salary in Insurance Companies for 5 - 14 years of experience
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Salaries in different departments
Customer Success, Service & Operations
Deputy Manager Salary
5 - 14
years
exp.
(17
salaries)
|  ₹4.5 L/yr - ₹9.6 L/yr |
BFSI, Investments & Trading
Deputy Manager Salary
5 - 14
years
exp.
(9
salaries)
| ₹4.6 L/yr - ₹9.1 L/yr |
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| |
Product Management
Deputy Manager Salary
6 - 7
years
exp.
(AmbitionBox Estimate)
| ₹6 L/yr - ₹7.2 L/yr |
Sales & Business Development
Deputy Manager Salary
9
years
exp.
(AmbitionBox Estimate)
| ₹4.6 L/yr - ₹9 L/yr |
Companies similar to Mahindra Insurance Brokers for Deputy Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Future Generali India Life Insurance Deputy Manager Salary
4 - 16 years exp. (233 salaries) | ₹4.2 L/yr - ₹15.9 L/yr 
21%
more | 2 job openings |
 Aditya Birla Health Insurance Co Deputy Manager Salary
2 - 11 years exp. (253 salaries) | ₹4 L/yr - ₹12.6 L/yr
4%
more | |
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| ||
 Axa XL Deputy Manager Salary
7 - 13 years exp. (164 salaries) | ₹8.1 L/yr - ₹25 L/yr
118%
more | 1 job opening |
 Magma HDI General Insurance Deputy Manager Salary
1 - 17 years exp. (116 salaries) | ₹5.5 L/yr - ₹10.5 L/yr
8%
more | |
 IndiaFirst Life Insurance Deputy Manager Salary
4 - 13 years exp. (107 salaries) | ₹3.1 L/yr - ₹10.7 L/yr 
13%
less | |
 ManipalCigna Health Insurance Deputy Manager Salary
1 - 16 years exp. (91 salaries) | ₹4 L/yr - ₹13.4 L/yr
26%
more | |
 Bharti AXA Life Insurance Deputy Manager Salary
3 - 15 years exp. (82 salaries) | ₹3.5 L/yr - ₹6 L/yr
40%
less | |
 Cholamandalam MS General Insurance Deputy Manager Salary
1 - 11 years exp. (66 salaries) | ₹4 L/yr - ₹11.3 L/yr
14%
more | |
 Shriram General Insurance Deputy Manager Salary
1 - 13 years exp. (61 salaries) | ₹4 L/yr - ₹7.8 L/yr
28%
less | |
 Family Health Plan Deputy Manager Salary
4 - 13 years exp. (58 salaries) | ₹4 L/yr - ₹8 L/yr
26%
less | |
 Universal Sompo General Insurance Deputy Manager Salary
6 - 16 years exp. (53 salaries) | ₹6.3 L/yr - ₹12.5 L/yr
21%
more | |
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| ||
 Pramerica Life Insurance Deputy Manager Salary
3 - 15 years exp. (52 salaries) | ₹4.8 L/yr - ₹14.7 L/yr
33%
more | |
 Aviva Life Insurance India Deputy Manager Salary
5 - 15 years exp. (45 salaries) | ₹4.3 L/yr - ₹8.5 L/yr
8%
less | |
 Allianz Partners Deputy Manager Salary
4 - 12 years exp. (40 salaries) | ₹7 L/yr - ₹14 L/yr
29%
more | |
 Allianz Services Deputy Manager Salary
8 - 17 years exp. (35 salaries) | ₹8 L/yr - ₹16.5 L/yr
45%
more | |
 Bajaj Capital Insurance Deputy Manager Salary
1 - 5 years exp. (25 salaries) | ₹2.1 L/yr - ₹3.6 L/yr
61%
less | |
 Royal Sundaram General Insurance Deputy Manager Salary
10 - 20 years exp. (11 salaries) | ₹12 L/yr - ₹17.4 L/yr
97%
more | |
 CignaTTk Health Insurance Deputy Manager Salary
4 - 13 years exp. (8 salaries) | ₹4.6 L/yr - ₹11.4 L/yr
13%
more | |
 Ageas Federal Life Insurance Deputy Manager Salary
1 - 12 years exp. (7 salaries) | ₹3.1 L/yr - ₹5.8 L/yr
47%
less | |
 Liberty General Insurance Deputy Manager Salary
5 - 8 years exp. (4 salaries) | ₹5.3 L/yr - ₹9 L/yr
5%
less | |
Latest annual salaries shared by Mahindra Insurance Brokers Deputy Manager
Experience wise Mahindra Insurance Brokers Deputy Manager salaries
Last Updated: 8 Mar 2025
| Experience | Avg Annual Salary |
|---|---|
| 5 years (3 salaries) |
₹4.5
L/yr
- ₹8.5
L/yr
|
| 6 years (AmbitionBox Estimate) |
₹3.3
L/yr
- ₹13
L/yr
|
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| |
| 7 years (3 salaries) |
₹4.6
L/yr
- ₹9.5
L/yr
|
| 8 years (5 salaries) |
₹4.6
L/yr
- ₹9.5
L/yr
|
| 9 years (7 salaries) |
₹4.6
L/yr
- ₹9
L/yr
|
Similar Designation salaries in Mahindra Insurance Brokers
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Mahindra Insurance Brokers Deputy Manager Salary FAQs
The top 10% of Deputy Manager at Mahindra Insurance Brokers earn more than ₹9.5 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Deputy 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 30+ Mahindra Insurance Brokers employees in India.
| Swiss Re | ₹7.5 Lakhs to ₹32.0 Lakhs per year |
| Axa XL | ₹8.1 Lakhs to ₹25.0 Lakhs per year |
| Royal Sundaram General Insurance | ₹12.0 Lakhs to ₹17.4 Lakhs per year |
| Allianz Services | ₹8.0 Lakhs to ₹16.5 Lakhs per year |
| Marsh | ₹10.0 Lakhs to ₹12.0 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.
| Pramerica Life Insurance | ₹4.8 Lakhs to ₹14.7 Lakhs per year |
| Allianz Partners | ₹7.0 Lakhs to ₹14.0 Lakhs per year |
| ManipalCigna Health Insurance | ₹4.0 Lakhs to ₹13.4 Lakhs per year |
| Future Generali India Life Insurance | ₹4.2 Lakhs to ₹15.9 Lakhs per year |
| Universal Sompo General Insurance | ₹6.3 Lakhs to ₹12.5 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.
| Experience | Average Salary Range |
|---|---|
| 5 years | ₹4.5 Lakhs to ₹8.5 Lakhs per year |
| 6 years | ₹3.3 Lakhs to ₹13.0 Lakhs per year |
| 7 years | ₹4.6 Lakhs to ₹9.5 Lakhs per year |
| 8 years | ₹4.6 Lakhs to ₹9.5 Lakhs per year |
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Mahindra Insurance Brokers Deputy Manager Salaries by Location
- Mahindra Insurance Brokers Deputy Manager salaries in Mumbai
- Mahindra Insurance Brokers Deputy Manager salaries in New Delhi
- Mahindra Insurance Brokers Deputy Manager salaries in Bhopal
- Mahindra Insurance Brokers Deputy Manager salaries in Lucknow
- Mahindra Insurance Brokers Deputy Manager salaries in Hyderabad / Secunderabad
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Mahindra Insurance Brokers Deputy Manager salary
in
India
ranges between ₹3.3
Lakhs to ₹10
Lakhs with an average annual salary of
₹. Salary estimates are based on
38
Mahindra Insurance Brokers latest salaries received from various employees of
Mahindra Insurance Brokers.