Mahindra Insurance Brokers Executive Salaries by 5 Employees

1 - 3 years exp.

₹1.8 Lakh - ₹3 Lakhs

Salary of majority employees

53% less than the average Executive Salary in Insurance Companies for 1 - 3 years of experience

Interested in this particular role?

Last Updated: 14 Mar 2023

Companies similar to Mahindra Insurance Brokers for Executive

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Executive Salary 1 - 6 years exp. (33 salaries)	₹1.8 L/yr - ₹6 L/yr 37% more
Bajaj Allianz General Insurance Executive Salary 1 - 8 years exp. (207 salaries)	₹2.2 L/yr - ₹5.7 L/yr 98% more	4 job openings
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HDFC Ergo General Insurance Executive Salary 0 - 7 years exp. (193 salaries)	₹1.7 L/yr - ₹4.9 L/yr 52% more
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Shriram General Insurance Executive Salary 1 - 8 years exp. (95 salaries)	₹1.6 L/yr - ₹4 L/yr 22% more
Universal Sompo General Insurance Executive Salary 1 - 10 years exp. (87 salaries)	₹2.5 L/yr - ₹5.3 L/yr 59% more
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Cholamandalam MS General Insurance Executive Salary 2 - 10 years exp. (33 salaries)	₹1.9 L/yr - ₹4.3 L/yr 55% more
Pramerica Life Insurance Executive Salary 0 - 8 years exp. (26 salaries)	₹2 L/yr - ₹4.4 L/yr 61% more	4 job openings
Royal Sundaram General Insurance Executive Salary 3 - 11 years exp. (24 salaries)	₹3 L/yr - ₹7.5 L/yr 122% more
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Executive salary at Mahindra Insurance Brokers ranges between ₹1.8 Lakh to ₹3 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Executive salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.5 L/yr
2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹3.9 L/yr
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3 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹3 L/yr

Similar Designation salaries in Mahindra Insurance Brokers

Officer Salary

(5 salaries)

₹2 L/yr - ₹5.5 L/yr

Deputy Manager Salary

(38 salaries)

₹3.3 L/yr - ₹10 L/yr

Senior Officer Salary

(3 salaries)

₹4.4 L/yr - ₹6.16 L/yr

Quality Analyst Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Salary related reviews for Mahindra Insurance Brokers

3.0

Rated by 1 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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Mahindra Insurance Brokers Executive Salary FAQs

What is the salary of Executive at Mahindra Insurance Brokers ?

The average salary of a Executive at Mahindra Insurance Brokers in India typically ranges from ₹1.8 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Executive at Mahindra Insurance Brokers earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Executive 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 5 Mahindra Insurance Brokers employees in India.

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

The estimated take-home salary of a Executive at Mahindra Insurance Brokers in India typically ranges from ₹15,076 to ₹16,650 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 1 year to 3 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 5 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 Executive in India?

Allianz Services	₹3.0 Lakhs to ₹7.0 Lakhs per year
Royal Sundaram General Insurance	₹3.0 Lakhs to ₹7.5 Lakhs per year
MetLife	₹4.0 Lakhs to ₹4.7 Lakhs per year
Bajaj Allianz General Insurance	₹2.2 Lakhs to ₹5.7 Lakhs per year
ManipalCigna Health Insurance	₹2.8 Lakhs to ₹4.4 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 Executive in companies similar to Mahindra Insurance Brokers in India?

The salary of a Executive at companies similar to Mahindra Insurance Brokers in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Pramerica Life Insurance	₹2.0 Lakhs to ₹4.4 Lakhs per year
Universal Sompo General Insurance	₹2.5 Lakhs to ₹5.3 Lakhs per year
Cholamandalam MS General Insurance	₹1.9 Lakhs to ₹4.3 Lakhs per year
HDFC Ergo General Insurance	₹1.7 Lakhs to ₹4.9 Lakhs per year
Bharti AXA Life Insurance	₹2.1 Lakhs to ₹6.7 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 Executive at Mahindra Insurance Brokers in India?

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

Experience	Average Salary Range
1 year	₹1.8 Lakhs to ₹2.5 Lakhs per year
2 years	₹1.8 Lakhs to ₹3.9 Lakhs per year
3 years	₹1.8 Lakhs to ₹3.0 Lakhs per year

and so on.

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Mahindra Insurance Brokers Executive Salaries

Mahindra Insurance Brokers Executive salary in India ranges between ₹1.8 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.