Mahindra Insurance Brokers Management Trainee Salaries by 10+ Employees (Updated 2025)

0 - 1 year exp.

₹14 Lakhs - ₹15 Lakhs

Avg. annual salary

Monthly In-hand Salary

92% more than the average Management Trainee Salary in Insurance Companies for 0 - 1 year of experience

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Salaries in different departments

BFSI, Investments & Trading Management Trainee Salary Fresher (3 salaries)	₹14 L/yr - ₹15 L/yr
Sales & Business Development Management Trainee Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹14 L/yr - ₹15 L/yr
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Risk Management & Compliance Management Trainee Salary 1 year exp. (AmbitionBox Estimate)	₹14 L/yr - ₹14.2 L/yr

Last Updated: 30 Mar 2025

Companies similar to Mahindra Insurance Brokers for Management Trainee

Company name	Avg Annual Salary	Open Jobs
Shriram General Insurance Management Trainee Salary 0 - 2 years exp. (25 salaries)	₹2.6 L/yr - ₹6.8 L/yr 65% less
Axa XL Management Trainee Salary 0 - 4 years exp. (23 salaries)	₹8.2 L/yr - ₹12 L/yr 22% less
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Cholamandalam MS General Insurance Management Trainee Salary 0 - 2 years exp. (17 salaries)	₹3.5 L/yr - ₹8 L/yr 63% less
Magma HDI General Insurance Management Trainee Salary 0 - 1 year exp. (17 salaries)	₹4 L/yr - ₹8.5 L/yr 57% less
Marsh Management Trainee Salary 0 - 3 years exp. (7 salaries)	₹9.5 L/yr - ₹17 L/yr 14% less
Allianz Partners Management Trainee Salary 0 - 7 years exp. (13 salaries)	₹2.7 L/yr - ₹4.7 L/yr 72% less
Bharti AXA Life Insurance Management Trainee Salary 0 - 1 year exp. (14 salaries)	₹0.6 L/yr - ₹6 L/yr 67% less
Aditya Birla Health Insurance Co Management Trainee Salary 0 - 1 year exp. (10 salaries)	₹3 L/yr - ₹12 L/yr 46% less
Liberty General Insurance Management Trainee Salary 0 - 1 year exp. (10 salaries)	₹5 L/yr - ₹10.5 L/yr 44% less
Future Generali India Life Insurance Management Trainee Salary 0 - 1 year exp. (5 salaries)	₹3.4 L/yr - ₹9.9 L/yr 49% less
Aviva Life Insurance India Management Trainee Salary 0 - 3 years exp. (7 salaries)	₹4 L/yr - ₹10 L/yr 56% less
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Edelweiss Life Insurance Management Trainee Salary 0 - 1 year exp. (7 salaries)	₹4.5 L/yr - ₹13 L/yr 34% less
Universal Sompo General Insurance Management Trainee Salary Fresher (6 salaries)	₹3.5 L/yr - ₹7 L/yr 67% less
IndiaFirst Life Insurance Management Trainee Salary 0 - 4 years exp. (5 salaries)	₹10 L/yr - ₹15 L/yr 13% less
Royal Sundaram General Insurance Management Trainee Salary 0 - 1 year exp. (5 salaries)	₹2.4 L/yr - ₹10.8 L/yr 59% less
ManipalCigna Health Insurance Management Trainee Salary Fresher (5 salaries)	₹8 L/yr - ₹9 L/yr 43% less
Pramerica Life Insurance Management Trainee Salary 0 - 3 years exp. (4 salaries)	₹8 L/yr - ₹14 L/yr 23% less
CignaTTk Health Insurance Management Trainee Salary 0 - 2 years exp. (3 salaries)	₹3 L/yr - ₹9 L/yr 65% less
Medi Assist India Management Trainee Salary 0 - 14 years exp. (3 salaries)	₹3.5 L/yr - ₹9.5 L/yr 48% less

Management Trainee salary at Mahindra Insurance Brokers ranges between ₹14 Lakhs to ₹15 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 12 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Management Trainee salaries

Last Updated: 30 Mar 2025

Experience	Avg Annual Salary
Fresher (9 salaries)	₹14 L/yr - ₹15 L/yr
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1 year (3 salaries)	₹14 L/yr - ₹25.2 L/yr

Similar Designation salaries in Mahindra Insurance Brokers

Finance Executive Salary

(AmbitionBox Estimate)

₹1.6 L/yr - ₹2.1 L/yr

Team Lead Salary

(4 salaries)

₹8.5 L/yr - ₹11.4 L/yr

Accounts Officer Salary

(3 salaries)

₹4.5 L/yr - ₹5 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Deputy Manager Salary

(38 salaries)

₹3.3 L/yr - ₹10 L/yr

Account Assistant Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Relationship Manager Salary

(4 salaries)

₹2.4 L/yr - ₹4.8 L/yr

Senior Process Associate Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Senior Accounts Executive Salary

(AmbitionBox Estimate)

₹5.8 L/yr - ₹7.4 L/yr

Salary related reviews for Mahindra Insurance Brokers

4.9

Rated by 2 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

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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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Mahindra Insurance Brokers Management Trainee Salary FAQs

What is the salary of Management Trainee at Mahindra Insurance Brokers ?

The average salary of a Management Trainee at Mahindra Insurance Brokers in India typically ranges from ₹14.0 Lakhs to ₹15.0 Lakhs per year, depending on experience (from Fresher to 1 year).

The top 10% of Management Trainee at Mahindra Insurance Brokers earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Management Trainee 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 10+ Mahindra Insurance Brokers employees in India.

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

The estimated take-home salary of a Management Trainee at Mahindra Insurance Brokers in India typically ranges from ₹98,717 to ₹1,01,397 per month. This is based on the average salary range of ₹14.0 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from Fresher to 1 year.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Mahindra Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.

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

The salary of a Management Trainee at companies similar to Mahindra Insurance Brokers in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IndiaFirst Life Insurance	₹10.0 Lakhs to ₹15.0 Lakhs per year
Marsh	₹9.5 Lakhs to ₹17.0 Lakhs per year
Axa XL	₹8.2 Lakhs to ₹12.0 Lakhs per year
Pramerica Life Insurance	₹8.0 Lakhs to ₹14.0 Lakhs per year
Edelweiss Life Insurance	₹4.5 Lakhs to ₹13.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

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

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

Experience	Average Salary Range
Fresher	₹14.0 Lakhs to ₹15.0 Lakhs per year
1 year	₹14.0 Lakhs to ₹25.2 Lakhs per year

and so on.

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Mahindra Insurance Brokers Management Trainee Salaries

Mahindra Insurance Brokers Management Trainee salary in India ranges between ₹14 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.