Mahindra Insurance Brokers Mumbai Manager Salaries by 10+ Employees (Updated 2025)

4 - 14 years exp.

₹6.1 Lakhs - ₹19 Lakhs

Salary of majority employees

25% less than the average Manager Salary in Insurance Companies for 4 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 9 - 14 years exp. (4 salaries)	₹10.2 L/yr - ₹14.2 L/yr
Customer Success, Service & Operations Manager Salary 10 - 13 years exp. (3 salaries)	₹6.1 L/yr - ₹11.8 L/yr
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Finance & Accounting Manager Salary 4 - 8 years exp. (3 salaries)	₹11.4 L/yr - ₹12.6 L/yr
IT & Information Security Manager Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹14.1 L/yr - ₹19 L/yr

Last Updated: 15 Feb 2025

Companies similar to Mahindra Insurance Brokers for Manager in Mumbai

Mahindra Insurance Brokers Manager Salary

4 - 14 years exp. (14 salaries)

₹6.1 L/yr - ₹19 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Manager Salary 2 - 14 years exp. (118 salaries)	₹3 L/yr - ₹13 L/yr 41% less
Bajaj Allianz General Insurance Manager Salary 6 - 19 years exp. (9 salaries)	₹11.8 L/yr - ₹21 L/yr 29% more
Login to view exact salary
HDFC Ergo General Insurance Manager Salary 4 - 16 years exp. (139 salaries)	₹4.5 L/yr - ₹15 L/yr 19% less
Reliance General Insurance Manager Salary 2 - 16 years exp. (75 salaries)	₹5 L/yr - ₹14.6 L/yr 34% less
Tata AIG Manager Salary 1 - 11 years exp. (213 salaries)	₹4 L/yr - ₹11 L/yr 44% less	7 job openings
Star Health & Allied Insurance Manager Salary 1 - 12 years exp. (4 salaries)	₹3.2 L/yr - ₹10.8 L/yr 41% less
Niva Bupa Health Insurance Company Manager Salary 7 - 13 years exp. (6 salaries)	₹7 L/yr - ₹10 L/yr 24% less
Aditya Birla Health Insurance Co Manager Salary 1 - 12 years exp. (134 salaries)	₹5 L/yr - ₹17 L/yr 16% less
Future Generali India Life Insurance Manager Salary 4 - 18 years exp. (73 salaries)	₹7 L/yr - ₹22.3 L/yr 16% more	2 job openings
Bharti AXA Life Insurance Manager Salary 3 - 16 years exp. (67 salaries)	₹6.5 L/yr - ₹17.4 L/yr 5% more
Edelweiss Life Insurance Manager Salary 5 - 13 years exp. (65 salaries)	₹4.9 L/yr - ₹15.2 L/yr 30% less
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IndiaFirst Life Insurance Manager Salary 3 - 16 years exp. (51 salaries)	₹6 L/yr - ₹16 L/yr 3% less
ManipalCigna Health Insurance Manager Salary 5 - 18 years exp. (35 salaries)	₹8 L/yr - ₹18.5 L/yr 11% more
Medi Assist India Manager Salary 7 - 16 years exp. (28 salaries)	₹4 L/yr - ₹11.5 L/yr 28% less	3 job openings
Paramount Health Services Tpa Manager Salary 6 - 13 years exp. (27 salaries)	₹3.1 L/yr - ₹9.2 L/yr 49% less
Ageas Federal Life Insurance Manager Salary 4 - 17 years exp. (22 salaries)	₹9.5 L/yr - ₹21.9 L/yr 25% more
Universal Sompo General Insurance Manager Salary 5 - 16 years exp. (18 salaries)	₹9.4 L/yr - ₹16.8 L/yr 6% less
Cholamandalam MS General Insurance Manager Salary 3 - 11 years exp. (11 salaries)	₹5.5 L/yr - ₹9 L/yr 34% less
Aviva Life Insurance India Manager Salary 3 - 14 years exp. (4 salaries)	₹7.5 L/yr - ₹14 L/yr 9% less

Manager salary at Mahindra Insurance Brokers ranges between ₹6.1 Lakhs to ₹19 Lakhs per year for employees with experience between 4 years to 14 years. Salary estimates are based on 14 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Manager salaries in Mumbai

Last Updated: 15 Feb 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹12 L/yr - ₹22.1 L/yr
5 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
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6 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr
7 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹22.2 L/yr
8 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹22.2 L/yr
9 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹18.3 L/yr
10 years (4 salaries)	₹6.1 L/yr - ₹19 L/yr
11 years (AmbitionBox Estimate)	₹11.2 L/yr - ₹14.3 L/yr
12 years (AmbitionBox Estimate)	₹9 L/yr - ₹22.4 L/yr
13 years (AmbitionBox Estimate)	₹9 L/yr - ₹22.4 L/yr
14 years (AmbitionBox Estimate)	₹5 L/yr - ₹14.2 L/yr

View all

Similar Designation salaries in Mahindra Insurance Brokers

Deputy Manager Salary

(23 salaries)

₹4.5 L/yr - ₹10 L/yr

Deputy General Manager Salary

(3 salaries)

₹33.8 L/yr - ₹38.5 L/yr

Management Trainee Salary

(3 salaries)

₹14 L/yr - ₹15 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

3.3

Rated by 3 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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Top trending discussions

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Mahindra Insurance Brokers Manager Salary FAQs

What is the salary of Manager at Mahindra Insurance Brokers Mumbai?

Manager salary at Mahindra Insurance Brokers in Mumbai ranges between ₹6.1 Lakhs to ₹19.0 Lakhs for experience between 4 years to 14 years. According to our estimates it is 25% less than the average Manager Salary in India. Salary estimates are based on 14 latest salaries received from various employees of Mahindra Insurance Brokers Mumbai.

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

The average salary of a Manager at Mahindra Insurance Brokers is 25% less than the average salary of a Manager in Mumbai. 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 Mumbai.

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

Bajaj Allianz General Insurance Manager Salary - ₹11.8 Lakhs to ₹21.0 Lakhs per year
Ageas Federal Life Insurance Manager Salary - ₹9.5 Lakhs to ₹21.9 Lakhs per year
Future Generali India Life Insurance Manager Salary - ₹7.0 Lakhs to ₹22.3 Lakhs per year
ManipalCigna Health Insurance Manager Salary - ₹8.0 Lakhs to ₹18.5 Lakhs per year
Bharti AXA Life Insurance Manager Salary - ₹6.5 Lakhs to ₹17.4 Lakhs per year

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

IndiaFirst Life Insurance Manager Salary - ₹6.0 Lakhs to ₹16.0 Lakhs per year
Universal Sompo General Insurance Manager Salary - ₹9.4 Lakhs to ₹16.8 Lakhs per year
Aviva Life Insurance India Manager Salary - ₹7.5 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Health Insurance Co Manager Salary - ₹5.0 Lakhs to ₹17.0 Lakhs per year
HDFC Ergo General Insurance Manager Salary - ₹4.5 Lakhs to ₹15.0 Lakhs per year

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

The estimated take-home salary of a Manager at Mahindra Insurance Brokers ranges between ₹87,684 per month to ₹89,984 per month in Mumbai. The take-home salary calculation is based on the average Mahindra Insurance Brokers Manager salary in India which ranges between ₹6.1 Lakhs to ₹19.0 Lakhs per year for employees with experience between 4 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 78% of the Mahindra Insurance Brokers Managers in Mumbai reported a notice period of 2 Months, 11% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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Mahindra Insurance Brokers Manager Salaries in Mumbai

Mahindra Insurance Brokers Manager salary in Mumbai ranges between ₹6.1 Lakhs to ₹19 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.