Mahindra Insurance Brokers Zonal Manager Salaries by 4 Employees (Updated 2025)

14 - 22 years exp.

₹20.5 Lakhs - ₹34 Lakhs

Salary of majority employees

78% more than the average Zonal Manager Salary in Insurance Companies for 14 - 22 years of experience

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Salaries in different departments

Customer Success, Service & Operations Zonal Manager Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹20.5 L/yr - ₹22.9 L/yr
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Marketing & Communication Zonal Manager Salary 21 - 22 years exp. (AmbitionBox Estimate)	₹32 L/yr - ₹34 L/yr

Last Updated: 19 Mar 2025

Companies similar to Mahindra Insurance Brokers for Zonal Manager

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Health Insurance Co Zonal Manager Salary 10 - 20 years exp. (7 salaries)	₹13 L/yr - ₹31 L/yr 19% less
Cholamandalam MS General Insurance Zonal Manager Salary 12 - 16 years exp. (6 salaries)	₹19.9 L/yr - ₹30 L/yr 3% less
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Bajaj Capital Insurance Zonal Manager Salary 12 - 18 years exp. (5 salaries)	₹4.6 L/yr - ₹13 L/yr 63% less
Aviva Life Insurance India Zonal Manager Salary 12 - 19 years exp. (4 salaries)	₹10.5 L/yr - ₹30 L/yr 36% less
Magma HDI General Insurance Zonal Manager Salary 16 - 18 years exp. (4 salaries)	₹9.2 L/yr - ₹19.5 L/yr 50% less
Future Generali India Life Insurance Zonal Manager Salary 11 - 23 years exp. (4 salaries)	₹13.5 L/yr - ₹31 L/yr 26% less
Pramerica Life Insurance Zonal Manager Salary 8 - 15 years exp. (4 salaries)	₹6 L/yr - ₹15.5 L/yr 60% less
Edelweiss Life Insurance Zonal Manager Salary 9 - 20 years exp. (4 salaries)	₹13.6 L/yr - ₹31 L/yr 19% less
ManipalCigna Health Insurance Zonal Manager Salary 6 - 20 years exp. (4 salaries)	₹15.4 L/yr - ₹36 L/yr 3% less
Liberty General Insurance Zonal Manager Salary 15 - 32 years exp. (4 salaries)	₹18.6 L/yr - ₹39 L/yr 4% less
Allianz Partners Zonal Manager Salary 11 - 18 years exp. (3 salaries)	₹8.4 L/yr - ₹27.5 L/yr 28% less
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Universal Sompo General Insurance Zonal Manager Salary 8 - 10 years exp. (3 salaries)	₹9 L/yr - ₹14 L/yr 59% less

Zonal Manager salary at Mahindra Insurance Brokers ranges between ₹20.5 Lakhs to ₹34 Lakhs per year for employees with experience between 14 years to 22 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Zonal Manager salaries

Last Updated: 19 Mar 2025

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹20.5 L/yr - ₹37.5 L/yr
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15+ years (3 salaries)	₹22.9 L/yr - ₹34 L/yr

Similar Designation salaries in Mahindra Insurance Brokers

Regional Manager Salary

(5 salaries)

₹15 L/yr - ₹20 L/yr

Sales Manager Salary

(6 salaries)

₹3.15 L/yr - ₹5 L/yr

Zonal Sales Manager Salary

(3 salaries)

₹39.35 L/yr - ₹41 L/yr

Zonal Head Salary

(3 salaries)

₹28 L/yr - ₹33 L/yr

Deputy Manager Salary

(38 salaries)

₹3.3 L/yr - ₹10 L/yr

Cluster Manager Salary

(15 salaries)

₹8.58 L/yr - ₹13 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹12.6 L/yr - ₹16.1 L/yr

Area Sales Manager Salary

(5 salaries)

₹3.51 L/yr - ₹9.33 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹9.5 L/yr - ₹12.1 L/yr

Regional Head Salary

(AmbitionBox Estimate)

₹29.5 L/yr - ₹37.7 L/yr

Salary related reviews for Mahindra Insurance Brokers

1.5

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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Mahindra Insurance Brokers Zonal Manager Salary FAQs

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

The average salary of a Zonal Manager at Mahindra Insurance Brokers in India typically ranges from ₹20.5 Lakhs to ₹34.0 Lakhs per year, depending on experience (from 14 years to 22 years).

The top 10% of Zonal Manager at Mahindra Insurance Brokers earn more than ₹34.0 Lakhs per year, and the top 1% earn over ₹34.0 Lakhs per year. Zonal 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 Zonal Manager at Mahindra Insurance Brokers in India?

The estimated take-home salary of a Zonal Manager at Mahindra Insurance Brokers in India typically ranges from ₹1,70,953 to ₹1,77,546 per month. This is based on the average salary range of ₹20.5 Lakhs to ₹34.0 Lakhs per year for employees with experience ranging from 14 years to 22 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.

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

The salary of a Zonal 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:

Cholamandalam MS General Insurance	₹19.9 Lakhs to ₹30.0 Lakhs per year
ManipalCigna Health Insurance	₹15.4 Lakhs to ₹36.0 Lakhs per year
Liberty General Insurance	₹18.6 Lakhs to ₹39.0 Lakhs per year
Aditya Birla Health Insurance Co	₹13.0 Lakhs to ₹31.0 Lakhs per year
Edelweiss Life Insurance	₹13.6 Lakhs to ₹31.0 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 Zonal Manager at Mahindra Insurance Brokers in India?

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

Experience	Average Salary Range
14 years	₹20.5 Lakhs to ₹37.5 Lakhs per year
15 years	₹22.9 Lakhs to ₹34.0 Lakhs per year

and so on.

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Mahindra Insurance Brokers Zonal Manager Salaries

Mahindra Insurance Brokers Zonal Manager salary in India ranges between ₹20.5 Lakhs to ₹34 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.