Mahindra Insurance Brokers Manager - Motor Claims Salaries by 3 Employees

10 - 12 years exp.

₹8.9 Lakhs - ₹11.4 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

66% more than the average Manager - Motor Claims Salary in Insurance Companies for 10 - 12 years of experience

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Last Updated: 7 Jan 2024

Companies similar to Mahindra Insurance Brokers for Manager - Motor Claims

Company name	Avg Annual Salary	Open Jobs
Magma HDI General Insurance Manager - Motor Claims Salary 4 - 13 years exp. (3 salaries)	₹4.7 L/yr - ₹6.5 L/yr 44% less
Reliance General Insurance Manager - Motor Claims Salary 4 - 8 years exp. (16 salaries)	₹2.5 L/yr - ₹6.6 L/yr 48% less
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ICICI Lombard General Insurance Company Manager - Motor Claims Salary 10 - 13 years exp. (6 salaries)	₹4.5 L/yr - ₹6.8 L/yr 33% less
HDFC Ergo General Insurance Manager - Motor Claims Salary 13 - 15 years exp. (4 salaries)	₹6.4 L/yr - ₹7.7 L/yr 25% less
Tata AIG Manager - Motor Claims Salary 6 - 8 years exp. (3 salaries)	₹6.5 L/yr - ₹7.6 L/yr 31% less

Manager - Motor Claims salary at Mahindra Insurance Brokers ranges between ₹8.9 Lakhs to ₹11.4 Lakhs per year for employees with experience between 10 years to 12 years. Salary estimates are based on 3 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Manager - Motor Claims salaries

Last Updated: 7 Jan 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
11 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
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12 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr

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Salary related reviews for Mahindra Insurance Brokers

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Mid level managers are not supported to grow ground team in terms appraisal promotions to management,work balance also not manageable.

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

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...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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5.0

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...ve teammates are supportive. Management is transparent ,company policy are good.job security, appraisal are fair and they give good salary hike.

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

Senior Territory Manager in Coimbatore

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• posted on 29 May 2021

1.0

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... 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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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 Manager - Motor Claims Salary FAQs

How the salary growth look like for a Manager - Motor Claims at Mahindra Insurance Brokers in India?

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

Experience	Average Salary Range
10 years	₹8.9 Lakhs to ₹11.4 Lakhs per year
11 years	₹8.9 Lakhs to ₹11.4 Lakhs per year
12 years	₹8.9 Lakhs to ₹11.4 Lakhs per year

and so on.

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Mahindra Insurance Brokers Manager - Motor Claims Salaries

Mahindra Insurance Brokers Manager - Motor Claims salary in India ranges between ₹8.9 Lakhs to ₹11.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.