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Mahindra Insurance Brokers

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3.3

based on 291 Reviews

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Mahindra Insurance Brokers Salaries in Lucknow (Updated 2025)

based on 10 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading
Designation Avg Annual Salary Open Jobs

Claims Manager

7 - 9 years exp. · Lucknow (3 salaries)
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₹6.2 L/yr - ₹6.5 L/yr

Deputy Manager

7 - 8 years exp. · Lucknow (AmbitionBox Estimate)
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₹9 L/yr - ₹9.5 L/yr

Branch Manager

6 years exp. · Lucknow (AmbitionBox Estimate)
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₹5.2 L/yr - ₹5.2 L/yr

Unit Sales Manager

8 years exp. · Lucknow (AmbitionBox Estimate)
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₹4.8 L/yr - ₹6.1 L/yr

Manager

7 - 13 years exp. · Lucknow (AmbitionBox Estimate)
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₹7.5 L/yr - ₹11.5 L/yr

Last Updated: 4 Mar, 2025

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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
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Georgia-Pacific
New offer. Confused.
My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?
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Salary related reviews for Mahindra Insurance Brokers

2.3

Rated by 4 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.

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

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.

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.

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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.

read more
  • 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

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  • 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.

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  • Skill development - Good
    • +4 more

Dislikes

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

read more
see more salary related reviews

Mahindra Insurance Brokers interview questions by designations

Area Manager (2)Management Trainee (1)Deputy Manager (1)Branch Manager (1)
View all 9 interview experiences

Know more about Mahindra Insurance Brokers Lucknow

More about working at Mahindra Insurance Brokers

Mahindra Insurance Brokers Salary FAQs

How much does Mahindra Insurance Brokers pay to its employees?
The average annual salary at Mahindra Insurance Brokers varies depending on the role, experience, and location. The salary ranges for some popular designations at Mahindra Insurance Brokers, are as follows:

Claims Manager ₹6.2 Lakhs to ₹6.5 Lakhs per year
Deputy Manager ₹9 Lakhs to ₹9.5 Lakhs per year
Branch Manager ₹5.2 Lakhs to ₹5.2 Lakhs per year
Unit Sales Manager ₹4.8 Lakhs to ₹6.1 Lakhs per year

The highest-paying role, Deputy General Manager, earns between ₹33.8 Lakhs to ₹38.5 Lakhs per year. The top 10% of employees earn more than ₹20 Lakhs per year, and the top 1% earn over ₹41 Lakhs per year. 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 salary estimates are based on data from 10 salaries submitted by Mahindra Insurance Brokers employees. Mahindra Insurance Brokers is rated 2.3 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Mahindra Insurance Brokers in Lucknow?
The salary of a fresher at Mahindra Insurance Brokers in Lucknow typically ranges from ₹14 Lakhs to ₹15 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Management Trainee Salary ₹14 Lakhs to ₹15 Lakhs per year
Fresher as a Business Development Executive Salary ₹2 Lakhs to ₹4.6 Lakhs per year
Fresher as a Customer Support Executive Salary ₹1.1 Lakhs to ₹1.1 Lakhs per year
Fresher as a Computer Maintenance Engineer Salary ₹1.6 Lakhs to ₹2.1 Lakhs per year

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Average annual salary in Mahindra Insurance Brokers , Lucknow is INRunlock blur . Salary estimates are based on 10 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.

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