Mahindra Insurance Brokers Insurance Broker Salaries by 4 Employees

3 - 5 years exp.

₹1.7 Lakh - ₹3 Lakhs

Salary of majority employees

19% less than the average Insurance Broker Salary in Insurance Companies for 3 - 5 years of experience

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Salaries in different departments

Marketing & Communication Insurance Broker Salary 3 - 4 years exp. (3 salaries)	₹1.7 L/yr - ₹3 L/yr
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Sales & Business Development Insurance Broker Salary 5 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 17 Mar 2023

Companies similar to Mahindra Insurance Brokers for Insurance Broker

Company name	Avg Annual Salary	Open Jobs
Marsh McLennan Insurance Broker Salary 3 - 7 years exp. (5 salaries)	₹3 L/yr - ₹3.6 L/yr 37% more
Login to view exact salary
PolicyBazaar Insurance Broker Salary 1 - 5 years exp. (3 salaries)	₹3.1 L/yr - ₹4.8 L/yr 75% more

Insurance Broker salary at Mahindra Insurance Brokers ranges between ₹1.7 Lakh to ₹3 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Insurance Broker salaries

Last Updated: 17 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr

Similar Designation salaries in Mahindra Insurance Brokers

Sales Officer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Deputy Manager Salary

(38 salaries)

₹3.3 L/yr - ₹10 L/yr

Sales Manager Salary

(6 salaries)

₹3.15 L/yr - ₹5 L/yr

Sales Executive Salary

(6 salaries)

₹1.35 L/yr - ₹4.2 L/yr

Team Lead Salary

(4 salaries)

₹8.5 L/yr - ₹11.4 L/yr

Area Sales Manager Salary

(5 salaries)

₹3.51 L/yr - ₹9.33 L/yr

Territory Manager Salary

(35 salaries)

₹2.35 L/yr - ₹4.8 L/yr

Sales Associate Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Relationship Officer Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Top skills at Mahindra Insurance Brokers for Insurance Broker

broking Sales Lead Generation

Salary related reviews for Mahindra Insurance Brokers

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.

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

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a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Mahindra Insurance Brokers Insurance Broker Salary FAQs

What is the salary of Insurance Broker at Mahindra Insurance Brokers ?

The average salary of a Insurance Broker at Mahindra Insurance Brokers in India typically ranges from ₹1.7 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Insurance Broker at Mahindra Insurance Brokers earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Insurance Broker 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 4 Mahindra Insurance Brokers employees in India.

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

The estimated take-home salary of a Insurance Broker at Mahindra Insurance Brokers in India typically ranges from ₹16,839 to ₹18,549 per month. This is based on the average salary range of ₹1.7 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 3 years to 5 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 4 salaries received from various employees of Mahindra Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Insurance Broker at Mahindra Insurance Brokers ?

To be a Insurance Broker at Mahindra Insurance Brokers in india, the key skills required include:

- broking
- Sales
- Lead Generation

These skills are highly valued at Mahindra Insurance Brokers and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Mahindra Insurance Brokers for Insurance Broker in India?

PolicyBazaar	₹3.1 Lakhs to ₹4.8 Lakhs per year
Marsh McLennan	₹3.0 Lakhs to ₹3.6 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.

How the salary growth look like for a Insurance Broker at Mahindra Insurance Brokers in India?

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

Experience	Average Salary Range
3 years	₹1.7 Lakhs to ₹2.1 Lakhs per year
4 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
5 years	₹2.7 Lakhs to ₹3.5 Lakhs per year

and so on.

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Mahindra Insurance Brokers Insurance Broker Salaries

Mahindra Insurance Brokers Insurance Broker salary in India ranges between ₹1.7 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.