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Mahindra Insurance Brokers Insurance Broker salaries in India

Annual salary range
3 - 5 years exp.
₹1.7 Lakh - ₹3 Lakhs
Salary of majority employees
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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)
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₹1.7 L/yr - ₹3 L/yr

Sales & Business Development
Insurance Broker Salary
5 years exp. (AmbitionBox Estimate)
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₹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
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Marsh McLennan Insurance Broker Salary

3 - 7 years exp. (5 salaries)

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₹3 L/yr - ₹3.6 L/yr

arrow icon 37% more
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PolicyBazaar Insurance Broker Salary

1 - 5 years exp. (3 salaries)

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₹3.1 L/yr - ₹4.8 L/yr

arrow icon 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.

Latest annual salaries shared by Mahindra Insurance Brokers Insurance Broker

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4 years exp.
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3 years exp.
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3 years exp.
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5 years exp.

Experience wise Mahindra Insurance Brokers Insurance Broker salaries

Last Updated: 17 Mar 2023

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹2.1 L/yr
4 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr

Similar Designation salaries in Mahindra Insurance Brokers

Sales Officer Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
Deputy Manager Salary
(38 salaries)
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₹3.3 L/yr - ₹10 L/yr
Sales Manager Salary
(6 salaries)
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₹3.15 L/yr - ₹5 L/yr
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₹1.35 L/yr - ₹4.2 L/yr
Team Lead Salary
(4 salaries)
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₹8.5 L/yr - ₹11.4 L/yr
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₹3.51 L/yr - ₹9.33 L/yr
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₹2.35 L/yr - ₹4.8 L/yr
Sales Associate Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
Assistant Sales Manager Salary
(AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr
Relationship Officer Salary
(AmbitionBox Estimate)
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₹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

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.

read more
  • Skill development - Good
  • +4 more

Dislikes

Here the salary and remuneration is not good as compared of other industry.

read more

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.

read more

Dislikes

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

read more
  • Salary - Poor
  • +2 more

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.

read more
  • 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.

read more

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

Verticalisation ,politics salary is good but career growth is slow,

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

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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