Mahindra Insurance Brokers Relationship Manager Salaries by 4 Employees

3 - 6 years exp.

₹2.4 Lakhs - ₹4.8 Lakhs

Salary of majority employees

Fixed (83%)

₹2.6 Lakhs

Variable (17%)

₹0.5 Lakh

39% less than the average Relationship Manager Salary in Insurance Companies for 3 - 6 years of experience

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Last Updated: 26 Sep 2024

Companies similar to Mahindra Insurance Brokers for Relationship Manager

Company name	Avg Annual Salary	Open Jobs
Edelweiss Life Insurance Relationship Manager Salary 1 - 6 years exp. (268 salaries)	₹2 L/yr - ₹6 L/yr 21% more	12 job openings
Universal Sompo General Insurance Relationship Manager Salary 0 - 12 years exp. (259 salaries)	₹2 L/yr - ₹6.5 L/yr 37% more	11 job openings
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Future Generali India Life Insurance Relationship Manager Salary 0 - 6 years exp. (221 salaries)	₹1.8 L/yr - ₹5 L/yr At par	47 job openings
Ageas Federal Life Insurance Relationship Manager Salary 0 - 9 years exp. (199 salaries)	₹2.4 L/yr - ₹5.4 L/yr 26% more	1 job opening
Bharti AXA Life Insurance Relationship Manager Salary 1 - 9 years exp. (206 salaries)	₹2.3 L/yr - ₹5.4 L/yr 30% more	1 job opening
Aditya Birla Health Insurance Co Relationship Manager Salary 0 - 7 years exp. (184 salaries)	₹2.1 L/yr - ₹8.5 L/yr 52% more
Aviva Life Insurance India Relationship Manager Salary 0 - 8 years exp. (177 salaries)	₹2.2 L/yr - ₹4.5 L/yr 23% more
Magma HDI General Insurance Relationship Manager Salary 0 - 12 years exp. (146 salaries)	₹3.5 L/yr - ₹7.6 L/yr 72% more	1 job opening
Aegon Life Insurance Relationship Manager Salary 0 - 7 years exp. (147 salaries)	₹2.5 L/yr - ₹4.3 L/yr 11% more
Liberty General Insurance Relationship Manager Salary 1 - 13 years exp. (144 salaries)	₹3.5 L/yr - ₹7.4 L/yr 82% more	3 job openings
Cholamandalam MS General Insurance Relationship Manager Salary 1 - 14 years exp. (141 salaries)	₹2.1 L/yr - ₹6 L/yr 30% more
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ManipalCigna Health Insurance Relationship Manager Salary 2 - 11 years exp. (83 salaries)	₹2.7 L/yr - ₹5 L/yr 16% more
IndiaFirst Life Insurance Relationship Manager Salary 3 - 11 years exp. (74 salaries)	₹2.2 L/yr - ₹6 L/yr 24% more	1 job opening
Pramerica Life Insurance Relationship Manager Salary 1 - 12 years exp. (28 salaries)	₹2 L/yr - ₹5 L/yr 17% more	24 job openings
CignaTTk Health Insurance Relationship Manager Salary 0 - 8 years exp. (16 salaries)	₹3 L/yr - ₹4.2 L/yr 13% more
Bajaj Capital Insurance Relationship Manager Salary 0 - 8 years exp. (16 salaries)	₹1.2 L/yr - ₹5.4 L/yr 7% more
Royal Sundaram General Insurance Relationship Manager Salary 0 - 10 years exp. (10 salaries)	₹3 L/yr - ₹5.2 L/yr 33% more
MetLife Relationship Manager Salary 2 - 7 years exp. (8 salaries)	₹3.3 L/yr - ₹3.9 L/yr 14% more
Shriram General Insurance Relationship Manager Salary 0 - 9 years exp. (7 salaries)	₹2.3 L/yr - ₹3.2 L/yr 11% less
Allianz Partners Relationship Manager Salary 4 - 8 years exp. (6 salaries)	₹3.9 L/yr - ₹6.5 L/yr 92% more	1 job opening

View all

Relationship Manager salary at Mahindra Insurance Brokers ranges between ₹2.4 Lakhs to ₹4.8 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Relationship Manager salaries

Last Updated: 26 Sep 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.4 L/yr
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
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5 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
6 years (3 salaries)	₹3.2 L/yr - ₹4.8 L/yr

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(AmbitionBox Estimate)

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Assistant Sales Manager Salary

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₹2.9 L/yr - ₹3.7 L/yr

Sales Coordinator Salary

(AmbitionBox Estimate)

₹1.6 L/yr - ₹2.1 L/yr

Salary related reviews for Mahindra Insurance Brokers

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Full Time

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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.

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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%

Salary - Poor

+2 more

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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.

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5.0

• posted on 25 Jun 2022

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

Full Time

BFSI, Investments & Trading Department

2.0

• 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

Salary - Bad

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Senior Business Development Executive in Bhubaneswar

BFSI, Investments & Trading Department

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Mahindra Insurance Brokers Relationship Manager Salary FAQs

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

The average salary of a Relationship Manager at Mahindra Insurance Brokers in India typically ranges from ₹2.4 Lakhs to ₹4.8 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Relationship Manager at Mahindra Insurance Brokers earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Relationship Manager Salaries at Mahindra Insurance Brokers can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Mahindra Insurance Brokers employees in India.

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

The estimated take-home salary of a Relationship Manager at Mahindra Insurance Brokers in India typically ranges from ₹22,083 to ₹23,566 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from 3 years to 6 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Mahindra Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Mahindra Insurance Brokers for Relationship Manager in India?

Marsh	₹13.1 Lakhs to ₹17.0 Lakhs per year
Allianz Partners	₹3.9 Lakhs to ₹6.5 Lakhs per year
Liberty General Insurance	₹3.5 Lakhs to ₹7.4 Lakhs per year
Magma HDI General Insurance	₹3.5 Lakhs to ₹7.6 Lakhs per year
Aditya Birla Health Insurance Co	₹2.1 Lakhs to ₹8.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Mahindra Insurance Brokers, depending on the role and experience level.

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

The salary of a Relationship Manager at companies similar to Mahindra Insurance Brokers in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Universal Sompo General Insurance	₹2.0 Lakhs to ₹6.5 Lakhs per year
Royal Sundaram General Insurance	₹3.0 Lakhs to ₹5.2 Lakhs per year
Bharti AXA Life Insurance	₹2.3 Lakhs to ₹5.4 Lakhs per year
Cholamandalam MS General Insurance	₹2.1 Lakhs to ₹6.0 Lakhs per year
Ageas Federal Life Insurance	₹2.4 Lakhs to ₹5.4 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

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

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

Experience	Average Salary Range
3 years	₹2.4 Lakhs to ₹2.4 Lakhs per year
4 years	₹2.5 Lakhs to ₹3.2 Lakhs per year
5 years	₹3.0 Lakhs to ₹3.8 Lakhs per year
6 years	₹3.2 Lakhs to ₹4.8 Lakhs per year

and so on.

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Mahindra Insurance Brokers Relationship Manager Salaries

Mahindra Insurance Brokers Relationship Manager salary in India ranges between ₹2.4 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.