Mahindra Insurance Brokers Mumbai Senior Manager Salaries by 7 Employees (Updated 2025)

11 - 21 years exp.

₹10.5 Lakhs - ₹24 Lakhs

Salary of majority employees

18% less than the average Senior Manager Salary in Insurance Companies for 11 - 21 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹16 L/yr - ₹24 L/yr
Customer Success, Service & Operations Senior Manager Salary 11 - 14 years exp. (AmbitionBox Estimate)	₹10.5 L/yr - ₹17.2 L/yr
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Finance & Accounting Senior Manager Salary 19 years exp. (AmbitionBox Estimate)	₹15.8 L/yr - ₹18.3 L/yr

Last Updated: 16 Jan 2025

Companies similar to Mahindra Insurance Brokers for Senior Manager in Mumbai

Mahindra Insurance Brokers Senior Manager Salary

11 - 21 years exp. (7 salaries)

₹10.5 L/yr - ₹24 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 18 years exp. (503 salaries)	₹4.5 L/yr - ₹15 L/yr 44% less	6 job openings
HDFC Ergo General Insurance Senior Manager Salary 5 - 19 years exp. (100 salaries)	₹7 L/yr - ₹25 L/yr 14% less
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Reliance General Insurance Senior Manager Salary 7 - 17 years exp. (32 salaries)	₹6.5 L/yr - ₹15 L/yr 39% less
Tata AIG Senior Manager Salary 1 - 14 years exp. (202 salaries)	₹4.8 L/yr - ₹20 L/yr 34% less	5 job openings
Star Health & Allied Insurance Senior Manager Salary 9 - 12 years exp. (4 salaries)	₹7.3 L/yr - ₹14 L/yr 48% less
Niva Bupa Health Insurance Company Senior Manager Salary 11 - 14 years exp. (4 salaries)	₹11.5 L/yr - ₹17 L/yr 20% less
Aditya Birla Health Insurance Co Senior Manager Salary 4 - 14 years exp. (69 salaries)	₹6.8 L/yr - ₹21 L/yr 32% less
IndiaFirst Life Insurance Senior Manager Salary 4 - 17 years exp. (49 salaries)	₹6.2 L/yr - ₹21 L/yr 14% less
Future Generali India Life Insurance Senior Manager Salary 10 - 20 years exp. (42 salaries)	₹8 L/yr - ₹28 L/yr 14% more	1 job opening
Edelweiss Life Insurance Senior Manager Salary 7 - 18 years exp. (38 salaries)	₹9 L/yr - ₹27.8 L/yr 11% less
Ageas Federal Life Insurance Senior Manager Salary 8 - 20 years exp. (23 salaries)	₹14 L/yr - ₹34.5 L/yr 21% more
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Bharti AXA Life Insurance Senior Manager Salary 7 - 17 years exp. (23 salaries)	₹9 L/yr - ₹22.3 L/yr 15% less
ManipalCigna Health Insurance Senior Manager Salary 7 - 19 years exp. (23 salaries)	₹12 L/yr - ₹28 L/yr 1% less
Medi Assist India Senior Manager Salary 10 - 18 years exp. (16 salaries)	₹7 L/yr - ₹17 L/yr 23% less	1 job opening
Paramount Health Services Tpa Senior Manager Salary 9 - 20 years exp. (8 salaries)	₹5.1 L/yr - ₹8 L/yr 62% less
Digit Insurance Senior Manager Salary 5 - 14 years exp. (8 salaries)	₹16 L/yr - ₹28 L/yr 19% more
Aviva Life Insurance India Senior Manager Salary 12 - 18 years exp. (3 salaries)	₹10 L/yr - ₹17 L/yr 20% less
Cholamandalam MS General Insurance Senior Manager Salary 3 - 16 years exp. (3 salaries)	₹3.5 L/yr - ₹13.3 L/yr 54% less
Pramerica Life Insurance Senior Manager Salary 11 - 14 years exp. (3 salaries)	₹7.7 L/yr - ₹15.2 L/yr 44% less
Shriram General Insurance Senior Manager Salary 10 - 13 years exp. (3 salaries)	₹6 L/yr - ₹9 L/yr 50% less

Senior Manager salary at Mahindra Insurance Brokers ranges between ₹10.5 Lakhs to ₹24 Lakhs per year for employees with experience between 11 years to 21 years. Salary estimates are based on 7 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Senior Manager salaries in Mumbai

Last Updated: 16 Jan 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹28.5 L/yr
12 years (AmbitionBox Estimate)	₹14.6 L/yr - ₹18.7 L/yr
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13 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹20 L/yr
14 years (AmbitionBox Estimate)	₹10.5 L/yr - ₹30.7 L/yr
15+ years (3 salaries)	₹15.8 L/yr - ₹24 L/yr

Similar Designation salaries in Mahindra Insurance Brokers

Deputy Manager Salary

(23 salaries)

₹4.5 L/yr - ₹10 L/yr

Marketing Manager Salary

(7 salaries)

₹12 L/yr - ₹24.04 L/yr

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 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.

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

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fathersahaab

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AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Mahindra Insurance Brokers Senior Manager Salary FAQs

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

Senior Manager salary at Mahindra Insurance Brokers in Mumbai ranges between ₹10.5 Lakhs to ₹24.0 Lakhs for experience between 11 years to 21 years. According to our estimates it is 18% less than the average Senior Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Mahindra Insurance Brokers Mumbai.

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

The average salary of a Senior Manager at Mahindra Insurance Brokers is 18% less than the average salary of a Senior Manager in Mumbai. To know exact salary insights, login to view.

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

Ageas Federal Life Insurance Senior Manager Salary - ₹14.0 Lakhs to ₹34.5 Lakhs per year
Digit Insurance Senior Manager Salary - ₹16.0 Lakhs to ₹28.0 Lakhs per year
Future Generali India Life Insurance Senior Manager Salary - ₹8.0 Lakhs to ₹28.0 Lakhs per year

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

ManipalCigna Health Insurance Senior Manager Salary - ₹12.0 Lakhs to ₹28.0 Lakhs per year
Edelweiss Life Insurance Senior Manager Salary - ₹9.0 Lakhs to ₹27.8 Lakhs per year
IndiaFirst Life Insurance Senior Manager Salary - ₹6.2 Lakhs to ₹21.0 Lakhs per year
HDFC Ergo General Insurance Senior Manager Salary - ₹7.0 Lakhs to ₹25.0 Lakhs per year
Bharti AXA Life Insurance Senior Manager Salary - ₹9.0 Lakhs to ₹22.3 Lakhs per year

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

The estimated take-home salary of a Senior Manager at Mahindra Insurance Brokers ranges between ₹1,17,865 per month to ₹1,21,163 per month in Mumbai. The take-home salary calculation is based on the average Mahindra Insurance Brokers Senior Manager salary in India which ranges between ₹10.5 Lakhs to ₹24.0 Lakhs per year for employees with experience between 11 years to 21 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 50% of the Mahindra Insurance Brokers Senior Managers in Mumbai reported a notice period of 3 Months, 33% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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Mahindra Insurance Brokers Senior Manager Salaries in Mumbai

Mahindra Insurance Brokers Senior Manager salary in Mumbai ranges between ₹10.5 Lakhs to ₹24 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.