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

0 - 1 year exp.

₹14 Lakhs - ₹15 Lakhs

Salary of majority employees

95% 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 - ₹14.4 L/yr

Last Updated: 22 Nov 2024

Companies similar to Mahindra Insurance Brokers for Management Trainee

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Management Trainee Salary 0 - 1 year exp. (153 salaries)	₹3.7 L/yr - ₹12 L/yr 41% less
HDFC Ergo General Insurance Management Trainee Salary 0 - 1 year exp. (8 salaries)	₹13.2 L/yr - ₹19 L/yr 7% more
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Bajaj Allianz General Insurance Management Trainee Salary 0 - 3 years exp. (76 salaries)	₹5.4 L/yr - ₹9.5 L/yr 44% less
Tata AIG Management Trainee Salary 0 - 1 year exp. (205 salaries)	₹3.8 L/yr - ₹12 L/yr 38% less
Reliance General Insurance Management Trainee Salary 0 - 3 years exp. (83 salaries)	₹1.8 L/yr - ₹10 L/yr 59% less
SBI General Insurance Management Trainee Salary 0 - 3 years exp. (27 salaries)	₹8 L/yr - ₹13 L/yr 39% less
Future Generali India Life Insurance Management Trainee Salary 0 - 1 year exp. (10 salaries)	₹2.7 L/yr - ₹11 L/yr 50% less
Digit Insurance Management Trainee Salary 0 - 4 years exp. (86 salaries)	₹8 L/yr - ₹13 L/yr 30% less
Niva Bupa Health Insurance Company Management Trainee Salary 0 - 3 years exp. (37 salaries)	₹3.1 L/yr - ₹12 L/yr 47% less
Axa XL Management Trainee Salary 0 - 4 years exp. (23 salaries)	₹8.2 L/yr - ₹12 L/yr 22% less
Shriram General Insurance Management Trainee Salary 0 - 2 years exp. (25 salaries)	₹2.6 L/yr - ₹6.8 L/yr 65% less
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Cholamandalam MS General Insurance Management Trainee Salary 0 - 1 year exp. (15 salaries)	₹3.5 L/yr - ₹8 L/yr 61% 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. (11 salaries)	₹3.5 L/yr - ₹10 L/yr 64% less
Aditya Birla Health Insurance Co Management Trainee Salary 0 - 1 year exp. (10 salaries)	₹3 L/yr - ₹12 L/yr 45% less
Aviva Life Insurance India Management Trainee Salary 0 - 3 years exp. (7 salaries)	₹4 L/yr - ₹10 L/yr 56% less
Edelweiss Life Insurance Management Trainee Salary 0 - 1 year exp. (7 salaries)	₹4.5 L/yr - ₹13 L/yr 34% less
IndiaFirst Life Insurance Management Trainee Salary 0 - 4 years exp. (5 salaries)	₹10 L/yr - ₹15 L/yr 14% 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

View all

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 11 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Management Trainee salaries

Last Updated: 22 Nov 2024

Experience	Avg Annual Salary
Fresher (8 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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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Mahindra Insurance Brokers Management Trainee Salary FAQs

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

Management Trainee salary at Mahindra Insurance Brokers in India ranges between ₹14.0 Lakhs to ₹15.0 Lakhs for less than 1 year of experience. According to our estimates it is 95% more than the average Management Trainee Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Mahindra Insurance Brokers India.

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

The average salary of a Management Trainee at Mahindra Insurance Brokers is 95% more than the average salary of a Management Trainee in India. To know exact salary insights, login to view.

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

HDFC Ergo General Insurance Management Trainee Salary - ₹13.2 Lakhs to ₹19.0 Lakhs per year

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

IndiaFirst Life Insurance Management Trainee Salary - ₹10.0 Lakhs to ₹15.0 Lakhs per year
Axa XL Management Trainee Salary - ₹8.2 Lakhs to ₹12.0 Lakhs per year
Pramerica Life Insurance Management Trainee Salary - ₹8.0 Lakhs to ₹14.0 Lakhs per year
Digit Insurance Management Trainee Salary - ₹8.0 Lakhs to ₹13.0 Lakhs per year
Edelweiss Life Insurance Management Trainee Salary - ₹4.5 Lakhs to ₹13.0 Lakhs per year

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 ranges between ₹99,189 per month to ₹1,01,884 per month in India. The take-home salary calculation is based on the average Mahindra Insurance Brokers Management Trainee salary in India which ranges between ₹14.0 Lakhs to ₹15.0 Lakhs per year for employees with less than 1 year of experience. Check how did we calculate take home salary?

What is the notice period for Management Trainee at Mahindra Insurance Brokers?

According to AmbitionBox, 92% of the Mahindra Insurance Brokers Management Trainees reported a notice period of 1 Month, 8% reported a notice period of 15 days or less.This is based on 13 responses on AmbitionBox in last 2 years.

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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 11 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.