Marsh India Insurance Brokers Senior Manager Salaries by 40+ Employees (Updated 2025)

6 - 12 years exp.

₹10 Lakhs - ₹24.5 Lakhs

Salary of majority employees

Fixed (87%)

₹14.2 Lakhs

Variable (13%)

₹2.1 Lakhs

25% less than the average Senior Manager Salary in Insurance Companies for 6 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 6 - 8 years exp. (11 salaries)	₹15 L/yr - ₹24 L/yr
Sales & Business Development Senior Manager Salary 6 - 10 years exp. (8 salaries)	₹12.4 L/yr - ₹24 L/yr
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Consulting Senior Manager Salary 8 - 10 years exp. (5 salaries)	₹11.6 L/yr - ₹21 L/yr
Finance & Accounting Senior Manager Salary 8 - 12 years exp. (4 salaries)	₹11.5 L/yr - ₹20 L/yr
Customer Success, Service & Operations Senior Manager Salary 7 - 9 years exp. (3 salaries)	₹11.5 L/yr - ₹17 L/yr

View all

Last Updated: 15 Mar 2025

Companies similar to Marsh India Insurance Brokers for Senior Manager

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Health Insurance Co Senior Manager Salary 2 - 14 years exp. (141 salaries)	₹3.9 L/yr - ₹15.3 L/yr 46% less
MetLife Senior Manager Salary 10 - 18 years exp. (90 salaries)	₹19 L/yr - ₹48.4 L/yr 119% more	2 job openings
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Medi Assist India Senior Manager Salary 8 - 19 years exp. (72 salaries)	₹6.7 L/yr - ₹18.4 L/yr 19% less	3 job openings
IndiaFirst Life Insurance Senior Manager Salary 4 - 17 years exp. (70 salaries)	₹6.2 L/yr - ₹22.6 L/yr 22% less
Future Generali India Life Insurance Senior Manager Salary 10 - 20 years exp. (68 salaries)	₹9 L/yr - ₹28 L/yr 7% more	1 job opening
Bharti AXA Life Insurance Senior Manager Salary 6 - 17 years exp. (64 salaries)	₹10.8 L/yr - ₹20.1 L/yr 29% less
Aegon Life Insurance Senior Manager Salary 4 - 16 years exp. (49 salaries)	₹7 L/yr - ₹23 L/yr 20% less
Pramerica Life Insurance Senior Manager Salary 4 - 19 years exp. (48 salaries)	₹3.5 L/yr - ₹10.6 L/yr 48% less
Axa XL Senior Manager Salary 7 - 17 years exp. (48 salaries)	₹20 L/yr - ₹41.3 L/yr 106% more
Kotak Mahindra General Insurance Senior Manager Salary 6 - 16 years exp. (46 salaries)	₹6.7 L/yr - ₹13.4 L/yr 35% less

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Senior Manager salary at Marsh India Insurance Brokers ranges between ₹10 Lakhs to ₹24.5 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 48 latest salaries received from various employees of Marsh India Insurance Brokers.

Experience wise Marsh India Insurance Brokers Senior Manager salaries

Last Updated: 15 Mar 2025

Experience	Avg Annual Salary
6 years (9 salaries)	₹14 L/yr - ₹22.5 L/yr
7 years (16 salaries)	₹12 L/yr - ₹24.5 L/yr
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8 years (8 salaries)	₹11.6 L/yr - ₹23.5 L/yr
9 years (5 salaries)	₹11.5 L/yr - ₹20 L/yr
10 years (8 salaries)	₹10 L/yr - ₹20 L/yr
11 years (AmbitionBox Estimate)	₹13.9 L/yr - ₹17.8 L/yr
12 years (AmbitionBox Estimate)	₹13.3 L/yr - ₹16.5 L/yr

View all

From

Senior Manager

₹

Lakhs/yr

6 - 12 years exp.

Vice President

₹

Lakhs/yr

12 - 20 years exp.

Senior Manager 6 - 12 years exp.

Assistant Vice President 7 - 14 years exp.

28% hike

Vice President 12 - 20 years exp.

32% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Marsh India Insurance Brokers

Deputy Manager Salary

(3 salaries)

₹8.5 L/yr - ₹11 L/yr

Sales Manager Salary

(4 salaries)

₹19 L/yr - ₹26 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹9.5 L/yr - ₹12.2 L/yr

Relationship Manager Salary

(20 salaries)

₹7 L/yr - ₹17.9 L/yr

Team Lead Salary

(4 salaries)

₹6 L/yr - ₹12 L/yr

Business Development Manager Salary

(AmbitionBox Estimate)

₹10.4 L/yr - ₹13.2 L/yr

Salary related reviews for Marsh India Insurance Brokers

4.3

Rated by 7 employees for salary & benefits

Senior Executive Operations in Chennai

Full Time

Administration & Facilities Department

4.0

• posted on 23 Apr 2022

4.0

for Salary and Benefits

Likes

...bout work what we going to do but more than that we can't able to get knowledge. Marsh is for timely salary which mainly we need and yearly appraisal for either posting or increments, all credits goes to the Management. Nothing you will get delay after resignation also, HR management and operations manager may help you the best. Thanks for the best opportunities I had in Marsh through randstand.

Salary - Good

+5 more

Dislikes

Nothing to share about dislikes

Assistant Vice President in Gurgaon / Gurugram

Marketing & Communication Department

3.0

• posted on 25 Sep 2019

2.0

for Salary and Benefits

Likes

The salary compensation is made unnecessarily complex and vague. You will get 70% of what they commit. Retention will take 50% of your annual bonus, they pay you when they realise from the partners & the mechanism of recovery is poor.

Job security - Good

+2 more

Dislikes

Pay structure Work life balance

Salary - Poor

+1 more

Senior Manager in Mumbai

Full Time

Marketing & Communication Department

4.0

• posted on 18 Feb 2024

4.0

for Salary and Benefits

Likes

It's a nice place to work with a good company culture and balanced work-life.

Salary - Good

+3 more

Dislikes

Growth opportunities are limited in my role and people who are working in Sales or client relationship roles are preferred for promotions.

Process Leader in New Delhi

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 14 Oct 2023

2.0

for Salary and Benefits

Likes

Work life balance. Employee engagement. Flexible working hours. Great infrastructure,

Job security - Excellent

+2 more

Dislikes

Extreme politics at the higher level and disproportionate hierarchical structure, least opportunities for career growth and lesser growth percentage in monetary Benefits.

Salary - Poor

+2 more

Processing Manager in Pune

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 19 Oct 2023

4.0

for Salary and Benefits

Likes

Marsh is a leading broker, and provide good employee benefits, nice work culture, hybrid work style. Good Manegement.

Salary - Good

+6 more

Dislikes

I am working in Marsh last 5yr but the increment & pramotion not done as per my acceptance.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Marsh India Insurance Brokers Senior Manager Salary FAQs

What is the salary of Senior Manager at Marsh India Insurance Brokers ?

The average salary of a Senior Manager at Marsh India Insurance Brokers in India typically ranges from ₹10.0 Lakhs to ₹24.5 Lakhs per year, depending on experience (from 6 years to 12 years).

The top 10% of Senior Manager at Marsh India Insurance Brokers earn more than ₹23.4 Lakhs per year, and the top 1% earn over ₹24.5 Lakhs per year. Senior Manager Salaries at Marsh India 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 40+ Marsh India Insurance Brokers employees in India.

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

The estimated take-home salary of a Senior Manager at Marsh India Insurance Brokers in India typically ranges from ₹1,11,250 to ₹1,14,335 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹24.5 Lakhs per year for employees with experience ranging from 6 years to 12 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 40+ salaries received from various employees of Marsh India Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Marsh India Insurance Brokers for Senior Manager in India?

Principal Global Services	₹32.0 Lakhs to ₹50.0 Lakhs per year
MetLife	₹19.0 Lakhs to ₹48.4 Lakhs per year
Axa XL	₹20.0 Lakhs to ₹41.3 Lakhs per year
AXA Business Services	₹24.0 Lakhs to ₹39.0 Lakhs per year
Allianz Services	₹21.6 Lakhs to ₹27.6 Lakhs per year

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

What is the salary of a Senior Manager in companies similar to Marsh India Insurance Brokers in India?

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

Ageas Federal Life Insurance	₹7.7 Lakhs to ₹34.5 Lakhs per year
Mahindra Insurance Brokers	₹10.5 Lakhs to ₹24.0 Lakhs per year
CignaTTk Health Insurance	₹16.3 Lakhs to ₹20.0 Lakhs per year
Future Generali India Life Insurance	₹9.0 Lakhs to ₹28.0 Lakhs per year
Universal Sompo General Insurance	₹14.8 Lakhs to ₹20.0 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 Senior Manager at Marsh India Insurance Brokers in India?

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

Experience	Average Salary Range
6 years	₹14.0 Lakhs to ₹22.5 Lakhs per year
7 years	₹12.0 Lakhs to ₹24.5 Lakhs per year
8 years	₹11.6 Lakhs to ₹23.5 Lakhs per year
9 years	₹11.5 Lakhs to ₹20.0 Lakhs per year

and so on.

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Marsh India Insurance Brokers Senior Manager Salaries

Marsh India Insurance Brokers Senior Manager salary in India ranges between ₹10 Lakhs to ₹24.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 48 Marsh India Insurance Brokers latest salaries received from various employees of Marsh India Insurance Brokers.