Mahindra Insurance Brokers Mumbai Deputy Manager Salaries by 20+ Employees (Updated 2025)

5 - 14 years exp.

₹4.5 Lakhs - ₹10 Lakhs

Salary of majority employees

Fixed (83%)

₹5.6 Lakhs

Variable (17%)

₹1.2 Lakh

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 5 - 13 years exp. (8 salaries)	₹4.7 L/yr - ₹6.5 L/yr 7% less
Bajaj Allianz General Insurance Deputy Manager Salary 5 - 14 years exp. (7 salaries)	₹9.5 L/yr - ₹12.8 L/yr 85% more	1 job opening
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HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (254 salaries)	₹3 L/yr - ₹9.4 L/yr 13% less
Reliance General Insurance Deputy Manager Salary 1 - 10 years exp. (36 salaries)	₹3.2 L/yr - ₹6 L/yr 33% less
Tata AIG Deputy Manager Salary 2 - 9 years exp. (224 salaries)	₹2.7 L/yr - ₹8 L/yr 36% less	1 job opening
The New India Assurance Co. Deputy Manager Salary 7 - 14 years exp. (4 salaries)	₹20 L/yr - ₹26 L/yr 216% more
National Insurance Company Deputy Manager Salary 10 - 12 years exp. (4 salaries)	₹21 L/yr - ₹24 L/yr 223% more
Star Health & Allied Insurance Deputy Manager Salary 3 - 13 years exp. (13 salaries)	₹4.8 L/yr - ₹7 L/yr 7% less
Niva Bupa Health Insurance Company Deputy Manager Salary 5 - 7 years exp. (3 salaries)	₹7 L/yr - ₹9 L/yr 9% more
Future Generali India Life Insurance Deputy Manager Salary 1 - 17 years exp. (163 salaries)	₹4.5 L/yr - ₹14.9 L/yr 38% more	2 job openings
Aditya Birla Health Insurance Co Deputy Manager Salary 4 - 11 years exp. (138 salaries)	₹4.2 L/yr - ₹12.6 L/yr 16% more
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IndiaFirst Life Insurance Deputy Manager Salary 4 - 13 years exp. (60 salaries)	₹4 L/yr - ₹10.7 L/yr 6% more
ManipalCigna Health Insurance Deputy Manager Salary 3 - 14 years exp. (55 salaries)	₹5.5 L/yr - ₹13.4 L/yr 44% more
Digit Insurance Deputy Manager Salary 4 - 9 years exp. (10 salaries)	₹8.5 L/yr - ₹14.9 L/yr 68% more
Cholamandalam MS General Insurance Deputy Manager Salary 5 - 11 years exp. (6 salaries)	₹6 L/yr - ₹11 L/yr 23% 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 - ₹11.6 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 - ₹11.9 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

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.

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

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.

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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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
The New India Assurance Co. Deputy Manager Salary - ₹20.0 Lakhs to ₹26.0 Lakhs per year
Bajaj Allianz General Insurance Deputy Manager Salary - ₹9.5 Lakhs to ₹12.8 Lakhs per year
Digit Insurance Deputy Manager Salary - ₹8.5 Lakhs to ₹14.9 Lakhs per year
ManipalCigna Health Insurance Deputy Manager Salary - ₹5.5 Lakhs to ₹13.4 Lakhs per year

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

Future Generali India Life Insurance Deputy Manager Salary - ₹4.5 Lakhs to ₹14.9 Lakhs per year
Cholamandalam MS General Insurance Deputy Manager Salary - ₹6.0 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Health Insurance Co Deputy Manager Salary - ₹4.2 Lakhs to ₹12.6 Lakhs per year
Niva Bupa Health Insurance Company Deputy Manager Salary - ₹7.0 Lakhs to ₹9.0 Lakhs per year
IndiaFirst Life Insurance Deputy Manager Salary - ₹4.0 Lakhs to ₹10.7 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 ₹52,196 per month to ₹53,426 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, 71% of the Mahindra Insurance Brokers Deputy Managers in Mumbai reported a notice period of 1 Month, 23% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 17 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.