Mahindra Insurance Brokers Mumbai Deputy Manager Salaries by 20+ Employees (Updated 2024)

5 - 14 years exp.

₹4.5 Lakhs - ₹10 Lakhs

Salary of majority employees

20% 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. (10 salaries)	₹4.5 L/yr - ₹7 L/yr
BFSI, Investments & Trading Deputy Manager Salary 11 - 14 years exp. (4 salaries)	₹6.3 L/yr - ₹9.1 L/yr
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Product Management Deputy Manager Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹6.5 L/yr
Sales & Business Development Deputy Manager Salary 9 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹7 L/yr

Last Updated: 13 Nov 2024

Companies similar to Mahindra Insurance Brokers for Deputy Manager in Mumbai

Mahindra Insurance Brokers Deputy Manager Salary

5 - 14 years exp. (23 salaries)

₹4.5 L/yr - ₹10 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Deputy Manager Salary 4 - 13 years exp. (9 salaries)	₹3.5 L/yr - ₹6.5 L/yr 7% less
Bajaj Allianz General Insurance Deputy Manager Salary 5 - 14 years exp. (9 salaries)	₹9.5 L/yr - ₹15 L/yr 86% more	1 job opening
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HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (245 salaries)	₹3 L/yr - ₹10.3 L/yr 13% less
Reliance General Insurance Deputy Manager Salary 1 - 10 years exp. (32 salaries)	₹3.2 L/yr - ₹6.1 L/yr 31% less
Tata AIG Deputy Manager Salary 2 - 9 years exp. (220 salaries)	₹2.6 L/yr - ₹8.6 L/yr 34% less	4 job openings
National Insurance Company Deputy Manager Salary 10 - 11 years exp. (3 salaries)	₹21 L/yr - ₹24 L/yr 228% more
Star Health & Allied Insurance Deputy Manager Salary 3 - 13 years exp. (13 salaries)	₹4.8 L/yr - ₹7 L/yr 5% less
Niva Bupa Health Insurance Company Deputy Manager Salary 5 - 6 years exp. (3 salaries)	₹7 L/yr - ₹9 L/yr 5% more
Future Generali India Life Insurance Deputy Manager Salary 1 - 17 years exp. (167 salaries)	₹4.3 L/yr - ₹14.9 L/yr 32% more	1 job opening
Aditya Birla Health Insurance Co Deputy Manager Salary 4 - 11 years exp. (133 salaries)	₹4.3 L/yr - ₹12.6 L/yr 18% more
IndiaFirst Life Insurance Deputy Manager Salary 4 - 13 years exp. (60 salaries)	₹4 L/yr - ₹10.7 L/yr 8% more
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ManipalCigna Health Insurance Deputy Manager Salary 3 - 14 years exp. (55 salaries)	₹5.5 L/yr - ₹13.4 L/yr 42% more
Cholamandalam MS General Insurance Deputy Manager Salary 5 - 11 years exp. (9 salaries)	₹6 L/yr - ₹11 L/yr 18% more
Digit Insurance Deputy Manager Salary 4 - 12 years exp. (9 salaries)	₹8.5 L/yr - ₹14 L/yr 70% more

Deputy Manager salary at Mahindra Insurance Brokers ranges between ₹4.5 Lakhs to ₹10 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 23 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Deputy Manager salaries in Mumbai

Last Updated: 13 Nov 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹11.5 L/yr
6 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.7 L/yr
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7 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹11.8 L/yr
8 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹12 L/yr
9 years (3 salaries)	₹4.6 L/yr - ₹9 L/yr
10 years (4 salaries)	₹6.2 L/yr - ₹9.5 L/yr
11 years (6 salaries)	₹5.8 L/yr - ₹9.1 L/yr
12 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹10 L/yr
13 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr
14 years (3 salaries)	₹4.5 L/yr - ₹7.7 L/yr

View all

Similar Designation salaries in Mahindra Insurance Brokers

Deputy Manager Grade 2 Salary

(3 salaries)

₹7.5 L/yr - ₹19.6 L/yr

Salary related reviews for Mahindra Insurance Brokers

2.6

Rated by 2 employees for salary & benefits

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.

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.

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

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.

Dislikes

Here the salary and remuneration is not good as compared of other industry.

Customer Support Executive in Thane

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 13 Jun 2024

5.0

for Salary and Benefits

Likes

All is good /salary -incentive/transport facilities/foods / no pressure about call and leads soft calling 6 months work process it’s hard be 6 months rest of process

Dislikes

Process is closed /if be start process again I will be joining as soon as possible

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Mahindra Insurance Brokers Deputy Manager Salary FAQs

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

Deputy Manager salary at Mahindra Insurance Brokers in Mumbai ranges between ₹4.5 Lakhs to ₹10.0 Lakhs for experience between 5 years to 14 years. According to our estimates it is 20% less than the average Deputy Manager Salary in India. Salary estimates are based on 23 latest salaries received from various employees of Mahindra Insurance Brokers Mumbai.

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

The average salary of a Deputy Manager at Mahindra Insurance Brokers is 20% less than the average salary of a Deputy Manager in Mumbai. To know exact salary insights, login to view.

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

National Insurance Company Deputy Manager Salary - ₹21.0 Lakhs to ₹24.0 Lakhs per year
Bajaj Allianz General Insurance Deputy Manager Salary - ₹9.5 Lakhs to ₹15.0 Lakhs per year
Digit Insurance Deputy Manager Salary - ₹8.5 Lakhs to ₹14.0 Lakhs per year
ManipalCigna Health Insurance Deputy Manager Salary - ₹5.5 Lakhs to ₹13.4 Lakhs per year
Future Generali India Life Insurance Deputy Manager Salary - ₹4.3 Lakhs to ₹14.9 Lakhs per year

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

Aditya Birla Health Insurance Co Deputy Manager Salary - ₹4.3 Lakhs to ₹12.6 Lakhs per year
Cholamandalam MS General Insurance Deputy Manager Salary - ₹6.0 Lakhs to ₹11.0 Lakhs per year
IndiaFirst Life Insurance Deputy Manager Salary - ₹4.0 Lakhs to ₹10.7 Lakhs per year
Niva Bupa Health Insurance Company Deputy Manager Salary - ₹7.0 Lakhs to ₹9.0 Lakhs per year
Star Health & Allied Insurance Deputy Manager Salary - ₹4.8 Lakhs to ₹7.0 Lakhs per year

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

The estimated take-home salary of a Deputy Manager at Mahindra Insurance Brokers ranges between ₹51,883 per month to ₹53,106 per month in Mumbai. The take-home salary calculation is based on the average Mahindra Insurance Brokers Deputy Manager salary in India which ranges between ₹4.5 Lakhs to ₹10.0 Lakhs per year for employees with experience between 5 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the Mahindra Insurance Brokers Deputy Managers in Mumbai reported a notice period of 1 Month, 27% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 18 responses on AmbitionBox in last 2 years.

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Mahindra Insurance Brokers Deputy Manager Salaries in Mumbai

Mahindra Insurance Brokers Deputy Manager salary in Mumbai ranges between ₹4.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 23 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.