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

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3.0

• posted on 15 Jan 2025

2.0

for Salary and Benefits

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Dislikes

Salary hike not up to the mark if achieve annual target 100% and more than ,variables policy announced very late after completing 100%

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Senior Application Support Engineer in Mumbai

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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

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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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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.

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Mahindra Insurance Brokers Insurance Broker Salary FAQs

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

Insurance Broker salary at Mahindra Insurance Brokers in India ranges between ₹1.7 Lakhs to ₹3.0 Lakhs for experience between 3 years to 5 years. According to our estimates it is 19% less than the average Insurance Broker Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Insurance Brokers India.

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

The average salary of a Insurance Broker at Mahindra Insurance Brokers is 19% less than the average salary of a Insurance Broker in India. To know exact salary insights, login to view.

What are the top skills required to work as a Insurance Broker at Mahindra Insurance Brokers?

broking, Sales and Lead Generation are some of the popular skills required to work as a Insurance Broker at Mahindra Insurance Brokers India.

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

PolicyBazaar Insurance Broker Salary - ₹3.1 Lakhs to ₹4.8 Lakhs per year
Marsh McLennan Insurance Broker Salary - ₹3.0 Lakhs to ₹3.6 Lakhs per year

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 ranges between ₹16,839 per month to ₹18,549 per month in India. The take-home salary calculation is based on the average Mahindra Insurance Brokers Insurance Broker salary in India which ranges between ₹1.7 Lakhs to ₹3.0 Lakhs per year for employees with experience between 3 years to 5 years. Check how did we calculate take home salary?

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

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

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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.