Mahindra Insurance Brokers Mumbai Suburban Manager Salaries by 3 Employees (Updated 2025)

8 - 10 years exp.

₹6.3 Lakhs - ₹10.5 Lakhs

Low Confidence

Salary of majority employees

48% less than the average Manager Salary in Insurance Companies for 8 - 10 years of experience

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Last Updated: 5 Feb 2025

Companies similar to Mahindra Insurance Brokers for Manager in Mumbai Suburban

Mahindra Insurance Brokers Manager Salary

8 - 10 years exp. (3 salaries)

₹6.3 L/yr - ₹10.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Bharti AXA Life Insurance Manager Salary 12 - 16 years exp. (5 salaries)	₹7.5 L/yr - ₹12.4 L/yr 37% more
Aditya Birla Health Insurance Co Manager Salary 7 - 12 years exp. (4 salaries)	₹7.7 L/yr - ₹12 L/yr 30% more
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The Saraswat Co-operative Bank Manager Salary 5 - 14 years exp. (13 salaries)	₹7 L/yr - ₹15 L/yr 50% more
Kotak Mahindra Prime Manager Salary 2 - 13 years exp. (9 salaries)	₹5 L/yr - ₹10 L/yr 15% more
Viraj Profiles Manager Salary 11 - 17 years exp. (9 salaries)	₹10.5 L/yr - ₹16 L/yr 105% more

Manager salary at Mahindra Insurance Brokers ranges between ₹6.3 Lakhs to ₹10.5 Lakhs per year for employees with experience between 8 years to 10 years. Salary estimates are based on 3 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Manager salaries in Mumbai Suburban

Last Updated: 5 Feb 2025

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹10.5 L/yr
9 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹8.6 L/yr
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10 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹13.2 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

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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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 notice period for Manager at Mahindra Insurance Brokers in Mumbai Suburban?

According to AmbitionBox, 83% of the Mahindra Insurance Brokers Managers in Mumbai Suburban reported a notice period of 2 Months, 17% reported a notice period of 1 Month.This is based on 6 responses on AmbitionBox in last 2 years.

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Mahindra Insurance Brokers Manager Salaries in Mumbai Suburban

Mahindra Insurance Brokers Manager salary in Mumbai Suburban ranges between ₹6.3 Lakhs to ₹10.5 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.