Mahindra Insurance Brokers Executive Salaries by 5 Employees (Updated 2025)

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. (205 salaries)	₹2.2 L/yr - ₹5.7 L/yr 98% more	5 job openings
Login to view exact salary
HDFC Ergo General Insurance Executive Salary 2 - 6 years exp. (152 salaries)	₹1.7 L/yr - ₹6 L/yr 59% more
Reliance General Insurance Executive Salary 1 - 10 years exp. (8 salaries)	₹1.4 L/yr - ₹4.2 L/yr 39% more
Tata AIG Executive Salary 0 - 8 years exp. (93 salaries)	₹1.7 L/yr - ₹5 L/yr 38% more
The New India Assurance Co. Executive Salary 3 - 11 years exp. (3 salaries)	₹1.3 L/yr - ₹2.6 L/yr 1% less
Star Health & Allied Insurance Executive Salary 0 - 7 years exp. (226 salaries)	₹1.6 L/yr - ₹5 L/yr 41% more
Niva Bupa Health Insurance Company Executive Salary 0 - 6 years exp. (65 salaries)	₹2.4 L/yr - ₹4 L/yr 46% more
Medi Assist India Executive Salary 0 - 7 years exp. (312 salaries)	₹1.3 L/yr - ₹4 L/yr 28% more
Future Generali India Life Insurance Executive Salary 1 - 6 years exp. (86 salaries)	₹1.3 L/yr - ₹4.8 L/yr 31% more	1 job opening
Shriram General Insurance Executive Salary 1 - 8 years exp. (95 salaries)	₹1.6 L/yr - ₹3.7 L/yr 21% more
Login to view exact salary
Bharti AXA Life Insurance Executive Salary 1 - 6 years exp. (44 salaries)	₹2.1 L/yr - ₹6.7 L/yr 49% more
Aditya Birla Health Insurance Co Executive Salary 0 - 6 years exp. (43 salaries)	₹1.8 L/yr - ₹3.8 L/yr 35% more
Cholamandalam MS General Insurance Executive Salary 2 - 10 years exp. (34 salaries)	₹1.9 L/yr - ₹4.3 L/yr 54% more
Royal Sundaram General Insurance Executive Salary 3 - 11 years exp. (24 salaries)	₹3 L/yr - ₹7.5 L/yr 122% more
Pramerica Life Insurance Executive Salary 1 - 8 years exp. (24 salaries)	₹2 L/yr - ₹4.4 L/yr 63% more	4 job openings
IndiaFirst Life Insurance Executive Salary 0 - 6 years exp. (16 salaries)	₹2 L/yr - ₹4 L/yr 40% more
Aviva Life Insurance India Executive Salary 0 - 4 years exp. (19 salaries)	₹1.2 L/yr - ₹3.9 L/yr 31% more
ManipalCigna Health Insurance Executive Salary 0 - 10 years exp. (16 salaries)	₹2.8 L/yr - ₹4.4 L/yr 65% more
Edelweiss Life Insurance Executive Salary 0 - 8 years exp. (17 salaries)	₹2 L/yr - ₹4 L/yr 33% more

View all

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
Login to view exact salary
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

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

2w (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.

Got a question about Mahindra Insurance Brokers?

Ask anonymously on communities.

Mahindra Insurance Brokers Executive Salary FAQs

What is the salary of Executive at Mahindra Insurance Brokers?

Executive salary at Mahindra Insurance Brokers in India ranges between ₹1.8 Lakhs to ₹3.0 Lakhs for experience between 1 years to 3 years. According to our estimates it is 53% less than the average Executive Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Insurance Brokers India.

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

The average salary of a Executive at Mahindra Insurance Brokers is 53% less than the average salary of a Executive in India. To know exact salary insights, login to view.

Which similar companies are paying more than Mahindra Insurance Brokers to a Executive in India?

Allianz Services Executive Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year
Royal Sundaram General Insurance Executive Salary - ₹3.0 Lakhs to ₹7.5 Lakhs per year
MetLife Executive Salary - ₹4.0 Lakhs to ₹4.7 Lakhs per year
Bajaj Allianz General Insurance Executive Salary - ₹2.2 Lakhs to ₹5.7 Lakhs per year
Axa XL Executive Salary - ₹3.3 Lakhs to ₹4.7 Lakhs per year

What is the salary of a Executive in companies similar to Mahindra Insurance Brokers in India?

ManipalCigna Health Insurance Executive Salary - ₹2.8 Lakhs to ₹4.4 Lakhs per year
Pramerica Life Insurance Executive Salary - ₹2.0 Lakhs to ₹4.4 Lakhs per year
HDFC Ergo General Insurance Executive Salary - ₹1.7 Lakhs to ₹6.0 Lakhs per year
Cholamandalam MS General Insurance Executive Salary - ₹1.9 Lakhs to ₹4.3 Lakhs per year
Digit Insurance Executive Salary - ₹2.8 Lakhs to ₹4.0 Lakhs per year

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 ranges between ₹15,076 per month to ₹16,650 per month in India. The take-home salary calculation is based on the average Mahindra Insurance Brokers Executive salary in India which ranges between ₹1.8 Lakhs to ₹3.0 Lakhs per year for employees with experience between 1 years to 3 years. Check how did we calculate take home salary?

What is the notice period for Executive at Mahindra Insurance Brokers?

According to AmbitionBox, 100% of the Mahindra Insurance Brokers Executives reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
Mahindra Insurance Brokers Salaries >
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.