Mahindra Insurance Brokers Regional Manager Salaries by 5 Employees (Updated 2025)

13 - 18 years exp.

₹15 Lakhs - ₹20 Lakhs

Salary of majority employees

33% more than the average Regional Manager Salary in Insurance Companies for 13 - 18 years of experience

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Salaries in different departments

Sales & Business Development Regional Manager Salary 15 - 18 years exp. (3 salaries)	₹15 L/yr - ₹20 L/yr
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BFSI, Investments & Trading Regional Manager Salary 13 - 14 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹22.7 L/yr

Last Updated: 12 Feb 2025

Companies similar to Mahindra Insurance Brokers for Regional Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Regional Manager Salary 4 - 18 years exp. (28 salaries)	₹6.9 L/yr - ₹19.9 L/yr 40% less
Bajaj Allianz General Insurance Regional Manager Salary 0 - 18 years exp. (8 salaries)	₹2.4 L/yr - ₹12 L/yr 66% less	1 job opening
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HDFC Ergo General Insurance Regional Manager Salary 11 - 20 years exp. (26 salaries)	₹8 L/yr - ₹21.8 L/yr 30% less
Reliance General Insurance Regional Manager Salary 8 - 17 years exp. (8 salaries)	₹8.5 L/yr - ₹16.5 L/yr 38% less
Tata AIG Regional Manager Salary 5 - 19 years exp. (10 salaries)	₹8 L/yr - ₹13 L/yr 47% less
The New India Assurance Co. Regional Manager Salary 30 - 32 years exp. (4 salaries)	₹22.9 L/yr - ₹24.2 L/yr 19% more
United India Insurance Company Regional Manager Salary 29 - 33 years exp. (7 salaries)	₹9 L/yr - ₹34.4 L/yr 3% less
National Insurance Company Regional Manager Salary 31 years exp. (6 salaries)	₹12 L/yr - ₹25.4 L/yr 2% more
Star Health & Allied Insurance Regional Manager Salary 15 - 22 years exp. (10 salaries)	₹15.8 L/yr - ₹25.7 L/yr 4% less
Niva Bupa Health Insurance Company Regional Manager Salary 9 - 18 years exp. (8 salaries)	₹12 L/yr - ₹22.5 L/yr 29% less
Future Generali India Life Insurance Regional Manager Salary 10 - 21 years exp. (28 salaries)	₹10.2 L/yr - ₹28 L/yr 5% less	1 job opening
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Cholamandalam MS General Insurance Regional Manager Salary 12 - 21 years exp. (24 salaries)	₹12.7 L/yr - ₹24 L/yr 6% less
Shriram General Insurance Regional Manager Salary 8 - 21 years exp. (16 salaries)	₹5 L/yr - ₹13 L/yr 44% less
ManipalCigna Health Insurance Regional Manager Salary 10 - 20 years exp. (11 salaries)	₹10.3 L/yr - ₹22 L/yr 13% less
Edelweiss Life Insurance Regional Manager Salary 7 - 23 years exp. (5 salaries)	₹9 L/yr - ₹30 L/yr 14% less
Royal Sundaram General Insurance Regional Manager Salary 12 - 17 years exp. (6 salaries)	₹18.8 L/yr - ₹21 L/yr 5% less
Allianz Partners Regional Manager Salary 10 - 19 years exp. (5 salaries)	₹4.6 L/yr - ₹13.3 L/yr 58% less
Aditya Birla Health Insurance Co Regional Manager Salary 18 - 22 years exp. (5 salaries)	₹19 L/yr - ₹45 L/yr 55% more
Pramerica Life Insurance Regional Manager Salary 2 - 20 years exp. (5 salaries)	₹3 L/yr - ₹18 L/yr 47% less
Aviva Life Insurance India Regional Manager Salary 14 - 18 years exp. (4 salaries)	₹17.5 L/yr - ₹21.4 L/yr 11% less

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Regional Manager salary at Mahindra Insurance Brokers ranges between ₹15 Lakhs to ₹20 Lakhs per year for employees with experience between 13 years to 18 years. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Regional Manager salaries

Last Updated: 12 Feb 2025

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹18 L/yr - ₹34 L/yr
14 years (AmbitionBox Estimate)	₹18 L/yr - ₹34.7 L/yr
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15+ years (3 salaries)	₹15 L/yr - ₹36.6 L/yr

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₹31.1 L/yr - ₹39.7 L/yr

Relationship Manager Salary

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Salary related reviews for Mahindra Insurance Brokers

3.7

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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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Mahindra Insurance Brokers Regional Manager Salary FAQs

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

Regional Manager salary at Mahindra Insurance Brokers in India ranges between ₹15.0 Lakhs to ₹20.0 Lakhs for experience between 13 years to 18 years. According to our estimates it is 33% more than the average Regional Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Mahindra Insurance Brokers India.

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

The average salary of a Regional Manager at Mahindra Insurance Brokers is 33% more than the average salary of a Regional Manager in India. To know exact salary insights, login to view.

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

Aditya Birla Health Insurance Co Regional Manager Salary - ₹19.0 Lakhs to ₹45.0 Lakhs per year
The New India Assurance Co. Regional Manager Salary - ₹22.9 Lakhs to ₹24.2 Lakhs per year
National Insurance Company Regional Manager Salary - ₹12.0 Lakhs to ₹25.4 Lakhs per year

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

United India Insurance Company Regional Manager Salary - ₹9.0 Lakhs to ₹34.4 Lakhs per year
Star Health & Allied Insurance Regional Manager Salary - ₹15.8 Lakhs to ₹25.7 Lakhs per year
Future Generali India Life Insurance Regional Manager Salary - ₹10.2 Lakhs to ₹28.0 Lakhs per year
Royal Sundaram General Insurance Regional Manager Salary - ₹18.8 Lakhs to ₹21.0 Lakhs per year
Cholamandalam MS General Insurance Regional Manager Salary - ₹12.7 Lakhs to ₹24.0 Lakhs per year

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

The estimated take-home salary of a Regional Manager at Mahindra Insurance Brokers ranges between ₹1,30,733 per month to ₹1,35,418 per month in India. The take-home salary calculation is based on the average Mahindra Insurance Brokers Regional Manager salary in India which ranges between ₹15.0 Lakhs to ₹20.0 Lakhs per year for employees with experience between 13 years to 18 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 71% of the Mahindra Insurance Brokers Regional Managers reported a notice period of 3 Months, 29% reported a notice period of 1 Month.This is based on 7 responses on AmbitionBox in last 2 years.

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Mahindra Insurance Brokers Regional Manager Salaries

Mahindra Insurance Brokers Regional Manager salary in India ranges between ₹15 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.