Mahindra Insurance Brokers Manager Salaries by 20+ Employees (Updated 2025)

1 - 14 years exp.

₹6.1 Lakhs - ₹18.4 Lakhs

Salary of majority employees

36% less than the average Manager Salary in Insurance Companies for 1 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 7 - 14 years exp. (10 salaries)	₹7.5 L/yr - ₹16.4 L/yr
Customer Success, Service & Operations Manager Salary 8 - 13 years exp. (5 salaries)	₹6.1 L/yr - ₹10.5 L/yr
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Finance & Accounting Manager Salary 4 - 8 years exp. (4 salaries)	₹9.2 L/yr - ₹12 L/yr
IT & Information Security Manager Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹11.7 L/yr - ₹19 L/yr
Marketing & Communication Manager Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹7.5 L/yr - ₹10 L/yr

Last Updated: 21 Jan 2025

Companies similar to Mahindra Insurance Brokers for Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Manager Salary 0 - 14 years exp. (290 salaries)	₹3.5 L/yr - ₹11.6 L/yr 37% less
Bajaj Allianz General Insurance Manager Salary 6 - 19 years exp. (109 salaries)	₹10 L/yr - ₹25 L/yr 55% more	1 job opening
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HDFC Ergo General Insurance Manager Salary 4 - 16 years exp. (429 salaries)	₹4.5 L/yr - ₹16.4 L/yr 8% less
Reliance General Insurance Manager Salary 2 - 17 years exp. (164 salaries)	₹3.3 L/yr - ₹11.3 L/yr 28% less
Tata AIG Manager Salary 1 - 11 years exp. (455 salaries)	₹3.7 L/yr - ₹11.1 L/yr 35% less	9 job openings
United India Insurance Company Manager Salary 5 - 31 years exp. (6 salaries)	₹10 L/yr - ₹26 L/yr 100% more
National Insurance Company Manager Salary 3 - 15 years exp. (6 salaries)	₹7.5 L/yr - ₹36.6 L/yr 110% more
Star Health & Allied Insurance Manager Salary 1 - 14 years exp. (135 salaries)	₹2.6 L/yr - ₹12 L/yr 34% less
Niva Bupa Health Insurance Company Manager Salary 0 - 17 years exp. (116 salaries)	₹3.9 L/yr - ₹15 L/yr 9% less
Aditya Birla Health Insurance Co Manager Salary 2 - 12 years exp. (195 salaries)	₹4.5 L/yr - ₹16 L/yr 5% less
MetLife Manager Salary 8 - 19 years exp. (130 salaries)	₹14 L/yr - ₹52 L/yr 204% more
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Bharti AXA Life Insurance Manager Salary 3 - 16 years exp. (115 salaries)	₹5 L/yr - ₹17.4 L/yr 5% more
Future Generali India Life Insurance Manager Salary 4 - 18 years exp. (120 salaries)	₹6.5 L/yr - ₹22.3 L/yr 28% more	3 job openings
Cholamandalam MS General Insurance Manager Salary 3 - 13 years exp. (113 salaries)	₹3.1 L/yr - ₹12.5 L/yr 26% less
Medi Assist India Manager Salary 7 - 18 years exp. (115 salaries)	₹4 L/yr - ₹13 L/yr 10% less	2 job openings
Edelweiss Life Insurance Manager Salary 4 - 12 years exp. (83 salaries)	₹4.9 L/yr - ₹14 L/yr 17% less
Axa XL Manager Salary 7 - 14 years exp. (66 salaries)	₹12.5 L/yr - ₹31.1 L/yr 128% more
IndiaFirst Life Insurance Manager Salary 3 - 16 years exp. (66 salaries)	₹4.6 L/yr - ₹16 L/yr 1% more
Paramount Health Services Tpa Manager Salary 3 - 13 years exp. (56 salaries)	₹2.1 L/yr - ₹9.2 L/yr 48% less
Aviva Life Insurance India Manager Salary 3 - 14 years exp. (54 salaries)	₹7 L/yr - ₹17.6 L/yr 5% more

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Manager salary at Mahindra Insurance Brokers ranges between ₹6.1 Lakhs to ₹18.4 Lakhs per year for employees with experience between 1 year to 14 years. Salary estimates are based on 26 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Manager salaries

Last Updated: 21 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4 L/yr - ₹11.2 L/yr
2 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
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3 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
4 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹12 L/yr
5 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.7 L/yr
6 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.7 L/yr
7 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹11.4 L/yr
8 years (4 salaries)	₹7.5 L/yr - ₹11.4 L/yr
9 years (3 salaries)	₹8.6 L/yr - ₹18.3 L/yr
10 years (6 salaries)	₹6.1 L/yr - ₹18.4 L/yr
11 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹16.4 L/yr
12 years (3 salaries)	₹9 L/yr - ₹16.4 L/yr
13 years (3 salaries)	₹9 L/yr - ₹11.5 L/yr
14 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹14.2 L/yr

View all

Similar Designation salaries in Mahindra Insurance Brokers

Deputy Manager Salary

(38 salaries)

₹3.3 L/yr - ₹10 L/yr

Management Trainee Salary

(11 salaries)

₹14 L/yr - ₹15 L/yr

Deputy General Manager Salary

(5 salaries)

₹33.75 L/yr - ₹38.5 L/yr

Assistant Vice President Salary

(4 salaries)

₹22 L/yr - ₹35 L/yr

Top skills at Mahindra Insurance Brokers for Manager

Relationship Management Gap Analysis Claims Management New Business Sales

Salary related reviews for Mahindra Insurance Brokers

3.0

Rated by 6 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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Salary Discussions, Hike & Promotions

fathersahaab

works at

AmbitionBox

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 Manager Salary FAQs

What is the salary of Manager at Mahindra Insurance Brokers?

Manager salary at Mahindra Insurance Brokers in India ranges between ₹6.1 Lakhs to ₹18.4 Lakhs for experience between 1 years to 14 years. According to our estimates it is 36% less than the average Manager Salary in India. Salary estimates are based on 26 latest salaries received from various employees of Mahindra Insurance Brokers India.

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

The average salary of a Manager at Mahindra Insurance Brokers is 36% less than the average salary of a Manager in India. To know exact salary insights, login to view.

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

Relationship Management, Gap Analysis, Claims Management, New Business and Sales are some of the popular skills required to work as a Manager at Mahindra Insurance Brokers India.

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

MetLife Manager Salary - ₹14.0 Lakhs to ₹52.0 Lakhs per year
Principal Global Services Manager Salary - ₹19.5 Lakhs to ₹40.0 Lakhs per year
Axa XL Manager Salary - ₹12.5 Lakhs to ₹31.1 Lakhs per year
National Insurance Company Manager Salary - ₹7.5 Lakhs to ₹36.6 Lakhs per year
United India Insurance Company Manager Salary - ₹10.0 Lakhs to ₹26.0 Lakhs per year

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

Swiss Re Manager Salary - ₹13.6 Lakhs to ₹21.0 Lakhs per year
Ageas Federal Life Insurance Manager Salary - ₹9.5 Lakhs to ₹21.9 Lakhs per year
Bajaj Allianz General Insurance Manager Salary - ₹10.0 Lakhs to ₹25.0 Lakhs per year
Digit Insurance Manager Salary - ₹9.3 Lakhs to ₹21.3 Lakhs per year
Allianz Partners Manager Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year

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

The estimated take-home salary of a Manager at Mahindra Insurance Brokers ranges between ₹73,904 per month to ₹75,814 per month in India. The take-home salary calculation is based on the average Mahindra Insurance Brokers Manager salary in India which ranges between ₹6.1 Lakhs to ₹18.4 Lakhs per year for employees with experience between 1 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 58% of the Mahindra Insurance Brokers Managers reported a notice period of 2 Months, 30% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 26 responses on AmbitionBox in last 2 years.

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Mahindra Insurance Brokers Manager Salaries

Mahindra Insurance Brokers Manager salary in India ranges between ₹6.1 Lakhs to ₹18.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.